Lincoln Minerals Targets 17km Copper Zone at Minbrie with $1.5M Cash Backing

Leadership and Strategic Refocus

Lincoln Minerals Limited has entered a transformative phase marked by a refreshed leadership team and a sharpened focus on copper discovery. The appointment of Chris Wilcox as CEO, an experienced geologist with over two decades in the minerals sector, signals a clear intent to prioritise copper exploration. Complementing this, Greg English’s elevation to Chair brings extensive expertise in mining and governance, positioning the company for disciplined growth.

These leadership changes coincide with a corporate strategy update that pivots Lincoln’s exploration efforts towards copper and base metals, particularly at the Minbrie Project on South Australia’s Eyre Peninsula. This strategic shift aims to capitalise on the region’s prospective geology and historic drilling results that revealed significant copper mineralisation.

Minbrie Project – Unlocking Copper Potential

Lincoln controls 17 kilometres of stratigraphy at Minbrie, an area with promising copper and base metal prospects. Historic drilling over a 7-kilometre strike has already identified notable mineralisation, including a standout intercept of nearly 30 metres grading 0.8% copper alongside lead, zinc, and silver. However, much of the target zone remains underexplored, offering potential for further discoveries.

The company is actively refining exploration targets and has lodged permitting applications to commence drilling in the first half of 2026. While delays have occurred due to regulatory system transitions and seasonal factors, Lincoln is working closely with stakeholders to expedite approvals and advance its drilling program.

Strategic Partnerships in Graphite and Iron Ore

Beyond copper, Lincoln is leveraging its existing assets through strategic collaborations. A recently signed Collaboration Agreement with SCN Canada Inc aims to explore the suitability of graphite from Lincoln’s Kookaburra Project for use in small modular nuclear reactors. This partnership aligns with emerging clean energy technologies and could open new markets for Lincoln’s graphite resources.

Additionally, Lincoln has entered a Memorandum of Understanding with Revera Energy, backed by global investment giant Carlyle, to jointly investigate a direct reduced iron pellet plant powered by green hydrogen. This initiative at the Eyre Magnetite Project reflects a commitment to sustainable mining practices and positions Lincoln at the forefront of integrating renewable energy into mineral processing.

Financial Position and Corporate Governance

Financially, Lincoln closed the quarter with $1.5 million in cash and no debt, maintaining a solid foundation to support its exploration and development activities. The company also addressed a phishing scam incident that resulted in fraudulent transactions, recovering a significant portion of the funds and enhancing cybersecurity measures under the new management team.

Corporate governance has been strengthened with the appointment of Jake van der Hoek as Company Secretary, following the departure of the previous CFO and Company Secretary. These changes reflect Lincoln’s focus on robust operational controls as it navigates its growth trajectory.