Australian minerals explorer and developer Lincoln Minerals has announced the signing of a Memorandum of Understanding (MoU) with the District Council of Tumby Bay (DCTB) for the proposed development of its wholly-owned Kookaburra Gully graphite mining project on the Eyre Peninsula in South Australia.
“In view of the strategic importance of the Council in relation to road, power and water infrastructure for the Kookaburra Gully mine project, the parties have entered into a MoU which provides a framework for both parties to genuinely work together,” the company said in a statement to the ASX.
“The outcomes include agreement on a proposed water pipeline from the Tod Reservoir, upgrading and maintenance of Pillaworta Road and intersections with Bratten Way and the Lincoln Highway, preparation of a Traffic Management Plan for trucking operations and local commuters, and continuing engagement of with the local community in regard to business and employment opportunities.”
Tumby Bay District Council Mayor, Mr Sam Telfer and Council CEO, Mr Trevor Smith, signed the MoU on behalf of the Council along with Lincoln’s Chairman, Mr Yubo Jin and the Company’s Managing Director, Dr John Parker.
“The signing of the MoU shows the willingness of the Council and Lincoln Minerals to collaborate in order to achieve maximum benefits for this new mining opportunity for the Tumby Bay region through upgrading of roads, increasing business and employment opportunities, achieving improved environmental and social outcomes and reinforcing relationships already developed,” Dr Parker stated.
He said the company has been advised by SA’s Department of State Development that the government assessment process has been extended and a mining lease offer determination should be advised early in May 2016.
“Progress on preparation of a Program for Environmental Protection and Rehabilitation (PEPR) has continued for Kookaburra Gully,” Mr Parker added.
“A geotechnical diamond core drilling program is underway at the proposed mine site and further engineering studies, soil testing, groundwater monitoring and metallurgy will be undertaken this month.”