Lincoln Minerals Limited (ASX:LML) Announces December 2024 Quarterly Activities
Operational Achievements
Lincoln Minerals Limited (ASX:LML) reported significant progress across its graphite, uranium, magnetite, and copper & base metals projects. The Kookaburra Graphite Project Pre-Feasibility Study (PFS) demonstrated compelling economics, positioning Lincoln to become Australia’s newest graphite producer. In uranium, the Eridani Project confirmed uranium mineralisation, and initial fieldwork at the Yallunda Project identified high-priority targets. The Minbrie Project revealed high-grade copper and base metal intercepts, while the Green Iron Project proposal advances Lincoln’s role in South Australia’s Green Iron and Steel Strategy.
Financial Performance
Lincoln has focused on reducing capital allocation requirements and minimizing cash expenditure over the next two quarters. Cost reduction initiatives across all business and project divisions are expected to significantly lower administrative and overhead costs, reducing cash burn. This strategy aims to enhance shareholder value while maintaining project momentum.
Future Outlook
The Company remains committed to advancing its graphite and magnetite projects, with additional exploration planned for the Minbrie Copper & Base Metals Project and its uranium portfolio. Drilling activities are anticipated to commence in 2025. Lincoln is also engaging in strategic discussions with potential offtake and strategic partners to support project development and secure non-dilutive funding.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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