Lincoln Minerals Reports 29.5m @ 0.8% Cu Plus Lead-Zinc-Silver at Minbrie

A New Chapter for Lincoln Minerals

Lincoln Minerals Limited (ASX, LML) took centre stage at its November 2025 Annual General Meeting, presenting a comprehensive update on its exploration and development projects. The company’s renewed focus on South Australia’s Eyre Peninsula has been catalysed by a standout discovery at the Minbrie Project; a mineralised system stretching over 7 kilometres, rich in copper, lead, zinc, and silver.

This discovery, highlighted by a historic intercept of 29.5 metres grading 0.8% copper, 7.5% lead, 1.9% zinc, and 9 grams per tonne silver, was previously overlooked but now forms the cornerstone of Lincoln’s exploration strategy. The company is actively pursuing drilling approvals to follow up on these high-priority targets, signalling a potentially transformative phase for the Minbrie Project.

Strategic Landholding in a Copper Hotspot

Lincoln’s substantial landholding of approximately 1,100 square kilometres within the Gawler Craton places it in one of Australia’s most prolific copper jurisdictions. South Australia accounts for 66% of the nation’s copper resources, and Lincoln’s tenements are strategically located near key infrastructure, enhancing the prospects for future development.

The geological setting of the Eyre Peninsula is particularly favourable, featuring multiple phases of faulting and folding, granite intrusions akin to those hosting Olympic Dam and Carrapateena, and a known crustal-scale structure called the Kalinjala Shear Zone. These factors combine to create an environment ripe for various styles of copper and base metal mineralisation.

Diversified Project Portfolio Beyond Copper

Beyond base metals, Lincoln Minerals is advancing several other projects that underscore its diversified approach. The Direct Reduction Iron (DRI) Project boasts a magnetite resource exceeding 1.1 billion tonnes with iron grades around 25.8%, positioned close to existing ports and infrastructure. This project aligns well with government initiatives supporting a domestic green steel industry, potentially accelerating its development timeline.

The Kookaburra Graphite Project, with a granted mining lease and a pre-feasibility study indicating a pre-tax net present value of A$114 million and an internal rate of return of 41%, offers a compelling near-term development opportunity. High-grade graphite outcropping at surface and proximity to infrastructure further enhance its attractiveness.

Emerging Uranium Targets Signal Growth Potential

Lincoln’s uranium exploration portfolio includes multiple highly prospective targets such as Jungle Dam, Yallunda, and Eridani. Historic drill results and surface sampling have returned encouraging uranium concentrations, with assays up to 570 parts per million uranium. These projects are situated near existing deposits in similar geological settings, providing a strong geological rationale for further exploration.

The company’s experienced leadership team, including CEO Chris Wilcox and technical consultants like Dr Justin Gum and Shane O’Connell, brings a wealth of expertise to guide these projects through their next phases. With a market capitalisation of approximately A$25.8 million and a cash position nearing A$1.9 million as of September 2025, Lincoln Minerals appears well-positioned to advance its exploration and development agenda.