LML - Lincoln Minerals

[springhill]

'The Next Big Graphite Player' reported today on a suite of new epithermal gold, silver and base metals prospects has been defined on South Australia’s northern Eyre Peninsula from a soil and rock chip survey.
http://www.asx.com.au/asxpdf/20120622/pdf/426zkrdt1j08d8.pdf

BEST RESULTS
• Coherent soil Ag values in excess of 50 parts per billion (ppb) and peak values of 81 to 120 ppb, similar to soil geochemical anomalies around the Paris discovery and satellite prospects.
• Outcropping mineralisation (up to 2.44ppm Ag, 14ppb Au and 2.42% Pb) in crustiform, colloform epithermal quartz veins can be traced over 150m and can be extrapolated into the Skaro prospect.

The Next Big Graphite Player also reported on June 7.
http://www.asx.com.au/asxpdf/20120607/pdf/426q70ddjcq4ds.pdf
New Mineral Resource estimates for combined hematite-goethite and magnetite iron mineralisation have increased to 109 million tonnes (Mt) for Lincoln Minerals 100%-owned Gum Flat Iron Ore Project located less than 20 km from the port of Port Lincoln on southern Eyre Peninsula in South Australia.
The estimate is a slight increase on the previous Inferred Mineral Resource of 103 Mt but, significantly, now includes a 12.3 Mt maiden Indicated Mineral Resource for magnetite and a 1.4 Mt Indicated Mineral Resource for hematite-goethite at Gum Flat’s Barns deposit.
The upgraded Mineral Resource figures follow drilling in 2011 within and immediately adjacent to the Company’s proposed Barns Stage 1 iron ore mine site.

Let's not forget their Next Big Graphite Player presentation
http://www.asx.com.au/asxpdf/20120319/pdf/4253rz06kryn01.pdf

153m shares on issue and around $900k left in the kitty, the Next Big Graphite Player better do a Next Big Capital Raising!

 

[greggles]

A brief update after no posts in eleven years.

The Kookaburra Gully Graphite Project looks to be shaping up well. Today's announcement refers to results from extension drilling at the southern end of the known mineralised area so there could be a lot more graphite there than is currently known.

 

[greggles]

CEO Cath Norman resigns out of the blue. Not a lot of love lost between her and LML shareholders if what is being said around forums and social media is a reliable indicator of sentiment. The share price halving from 1.6c to 0.8c in the last month may have something to do with that.

None of the usual, "we wish her the best in her future endeavours" fluff in the announcement either. Must be some tension behind the scenes too.

 

[Dona Ferentes]

'The Next Big Graphite Player'!

?
12 years on ..

South Australia’s 1.2-billion-tonne magnetite resource.​

The Green Iron project boasts a head grade of 25.7 per cent iron and average Davis Tube Recovery of 22.5 per cent. The average concentrate grade is 66.4 per cent Fe and 5 per cent silicon dioxide (SiO2).

Lincoln has held the Green Iron project since 2018, but the asset has taken a back seat to the development of the Kookaburra Gully graphite project.

A recent review conducted by Lincoln’s new management team, including chief executive officer Jonathon Trewartha, highlighted the potential to enter a partnership to develop the Green Iron project.