Lincoln Minerals (ASX:LML) interim results update

Lincoln Minerals Limited (ASX:LML) has confirmed high-grade uranium mineralisation at its 100%-owned Eridani uranium project in South Australia. The recent field sampling program, part of the company's uranium portfolio prospectivity review, aimed to assess the mineralisation potential in the known uranium region. The program included a first-pass reconnaissance sampling program at Eridani, with pXRF analysis confirming the historic account of carnotite uranium mineralisation. The company has submitted all samples for laboratory analysis to confirm pXRF readings, with results expected in October.

Executive Commentary

The recent field sampling program at Eridani has provided promising results, confirming the presence of high-grade uranium mineralisation. The pXRF analysis has validated the historic accounts of carnotite uranium mineralisation, and we are eagerly awaiting the laboratory analysis results due in October. This interim update marks a significant step in our ongoing uranium portfolio prospectivity review, and we are committed to further exploration plans, including mapping, sampling, and potential drilling campaigns to fully assess the mineralisation potential at Eridani. Additionally, our Kookaburra Graphite Project Pre-Feasibility Study remains ahead of schedule and is on track for completion in October.

Summary

Lincoln Minerals Limited (ASX:LML) has confirmed high-grade uranium mineralisation at its Eridani uranium project in South Australia. The recent field sampling program validated the historic accounts of carnotite uranium mineralisation, with pXRF analysis indicating promising results. The company has submitted all samples for laboratory analysis, and the results are expected in October. The Eridani project, strategically located on the eastern Eyre Peninsula, holds significant potential, being proximal to other uranium deposits. Lincoln aims to undertake additional exploration plans, including mapping, sampling, and reviewing geophysical data to assist in potential drilling campaigns. The company's Kookaburra Graphite Project Pre-Feasibility Study remains ahead of schedule and is due for completion in October, reflecting the company's commitment to advancing its projects. The confirmation of high-grade uranium mineralisation at Eridani marks a positive development for Lincoln Minerals as it continues to progress its exploration and development activities.