The company has also signed a drilling contract with a local drilling company to provide three drill rigs to drill 21 holes, for a total of 2,250m of HQ triple tube diamond drill core.
The drilling program aims to substantially increase the current resource base at Geumam.
Lamboo CEO Richard Trevillion and Lamboo Korean country manager Wan-Joong Kim said in a joint statement that the company has received all required approvals and started drilling rigs at Geumam flake graphite project.
"This is an important step in looking to grow our resource base and to progress Lamboo from exploration to becoming a flake graphite producer."
Geumam is located 67km southwest of Seoul on the western coast, situated about 4km north of Dangjin city, in Dangjin county of Chungcheongnam-Do province.
