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Lincoln Minerals Limited (ASX:LML)

ALERT: Price-sensitive ASX Announcement for LML
Current share price for LML : $0.006 -0.014 (-70%)+
Announcement
Release
30 Jan 2026 4:54PM
Price at Release
$0.020
Full Release
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Summary
Lincoln Minerals Limited's Quarterly Activities and Cash Flow Report for the period ending December 2025 highlights a strategic focus on copper discovery, particularly at the Minbrie Project in South Australia's Eyre Peninsula. The company reported a net cash position of $1.5 million at the end of the quarter. Key developments include a Collaboration Agreement for the Kookaburra Graphite Project and an MOU for the Eyre Magnetite Project, aimed at leveraging green hydrogen for iron pellet production. Recent leadership changes include the appointment of Chris Wilcox as CEO. During the quarter, the company addressed a phishing scam incident, recovering a significant portion of the funds and implementing improved cybersecurity measures.
Key Points
  • Lincoln Minerals shifted focus to copper discovery at Minbrie Project.
  • Collaboration Agreement with SCN Canada for Kookaburra Graphite.
  • MOU signed for Eyre Magnetite Project with Revera Energy.
  • Lincoln reported $1.5 million cash, no debt at quarter-end.
  • Leadership changes include Chris Wilcox as CEO.
  • Phishing scam led to fraudulent payments, mostly recovered.
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.