Lincoln signs agreement to launch graphite spot trading platform in China

ADELAIDE – Australia’s Lincoln Minerals Limited (ASX: LML) has signed a co-operation agreement with a group of Chinese local governments and private enterprises to launch a platform for spot trading of graphite in China.

Key signatories to the agreement are the governments of Luobei County and Pingdu (two of China’s foremost graphite mining regions), three major high-tech graphite enterprises, Lincoln Minerals and Hong Kong-headquartered Matrass Mining Group.

The agreement, the Qingdao International Graphite Exchange project, provides for the parties to work together in launching a graphite spot trading platform and in developing applications for graphene. It is a major project in the Qingdao High-tech Development Zone, looking at energy saving and new materials.

Lincoln Minerals is currently finalising a Mining Lease proposal for its high grade graphite deposit at
Kookaburra Gully on South Australia’s Eyre Peninsula. www.lincolnminerals.com.au (ATI).