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Lincoln Minerals Limited (ASX:LML)

ALERT: Price-sensitive ASX Announcement for LML
Current share price for LML : $0.007 -0.004 (-36.36%)+
Announcement
Release
25 Jun 2026 8:33AM
Price at Release
$0.011
Full Release
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Summary
Lincoln Minerals Limited has commenced an air core drilling program at its Minbrie Copper Project located on South Australia's Eyre Peninsula. The program plans to drill at least 40 holes to explore copper and base metal prospects over a 1.7km untested strike at Eagle Ridge, part of a larger 17km target stratigraphy. The first results are expected by August 2026, which will guide further exploratory drilling. This marks a significant step in Lincoln's focus on copper exploration, leveraging insights from historic drilling that revealed previously unassayed mineralisation zones.
Key Points
  • Drilling has commenced at the Minbrie Copper Project on South Australia's Eyre Peninsula.
  • Lincoln Minerals plans to drill at least 40 air core holes, targeting 1.7km of untested strike at Eagle Ridge within a larger 17km of prospective stratigraphy.
  • First results from the drilling program are expected by August 2026.
  • The results of the initial drilling will determine the scope of follow-up RC and/or diamond drilling planned for later in CY2026.
  • Historic drilling identified zones of mineralisation not previously assayed, with significant copper mineralisation confirmed.
  • The project was previously explored for iron ore but has since shown potential for copper and base metals.
  • Lincoln Minerals aims to advance copper and base metal projects in South Australia's Gawler Craton region.
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.