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Lincoln Minerals Limited (ASX:LML)

ALERT: Price-sensitive ASX Announcement for LML
Current share price for LML : $0.013 0.002 (18.18%)+
Announcement
Release
15 Jul 2026 9:21AM
Price at Release
$0.011
Full Release
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Summary
Lincoln Minerals Limited (ASX:LML) reported its activities for the June 2026 quarter, highlighting the commencement of air core drilling at its Minbrie Copper Project on South Australia’s Eyre Peninsula. The first results from this drilling are expected by August 2026, and the results will determine the scope of follow-up drilling later in 2026. Additionally, the company secured a strategic investment to raise A$3.1 million for advancing the Minbrie Project, with a two-tranche placement to a strategic investor. Lincoln Minerals is fully funded to continue exploration activities and achieved a net cash inflow from financing activities amounting to A$1,002,000 in the quarter. The company reported cash and cash equivalents of A$1,649,000 at the end of the period.
Key Points
  • Air core drilling began at Minbrie Copper Project on Eyre Peninsula.
  • First results from the drilling expected by August 2026.
  • A$3.1 million raised in a strategic investment for Minbrie Project.
  • Net cash inflow from financing activities was A$1,002,000.
  • Cash and cash equivalents totaled A$1,649,000 at the end of the quarter.
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.