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Lincoln Minerals Limited (ASX:LML)

ALERT: Price-sensitive ASX Announcement for LML
Current share price for LML : $0.007 -0.002 (-22.22%)+
Announcement
Release
8 Dec 2025 8:31AM
Price at Release
$0.009
Full Release
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Summary
Lincoln Minerals Limited has signed a Memorandum of Understanding (MOU) with Cape Hardy, a subsidiary of Revera Energy, to jointly develop a scoping study for processing magnetite from Lincoln's Eyre Magnetite Project in South Australia. The project aims to establish a Direct Reduced (DR) grade pellet plant using Revera's green hydrogen as a fuel alternative to natural gas. This initiative aligns with Lincoln's strategy to commercialize its magnetite resources, leveraging Revera's expertise and infrastructure in renewable energy. The collaboration will explore potential joint venture opportunities, focusing on optimizing project parameters, and aims to complete scoping and feasibility studies by the end of the calendar year 2026.
Key Points
  • Lincoln Minerals signs MOU with Revera Energy for Eyre Magnetite Project.
  • Development of a DR-grade pellet plant using green hydrogen.
  • Revera Energy backed by global investment firm Carlyle.
  • The project includes a scoping study for magnetite processing.
  • Potential joint venture to use green hydrogen as an alternative fuel.
  • Completion of scoping and feasibility studies anticipated by end of CY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.