Lincoln Minerals Limited (ASX:LML) submits proposal for 1.1 billion tonne Green Iron Project

Lincoln Minerals Limited (ASX:LML) has submitted a comprehensive proposal to the South Australian Government as part of the Government's Green Iron and Steel Strategy Expression of Interest (EOI) process. The proposal outlines the development of a 1.1 billion tonne Green Iron (magnetite) Project, which is considered a core component for South Australia's Green Iron and Steel strategy.

Executive Commentary on Lincoln's Green Iron Project

Lincoln's Chief Executive Officer Jonathon Trewartha stated, 'Lincoln's Green Iron Project is underpinned by our magnetite project, which we understand is the best potential magnetite supply source for the South Australian Government's proposed domestic Green Iron and Steel supply chain. The project aims to produce 6Mtpa of high-quality magnetite concentrate to supply both domestic and potential global demand requirements from Green Steel supply chain participants. We are commencing the next phase of our Green Iron Partnering process, seeking to engage with domestic and global steel industry participants to develop this project.'

Summary of Lincoln's Green Iron Project Proposal

Lincoln Minerals Limited has proposed a 1.1 billion tonne Green Iron (magnetite) Project as a core component for South Australia's Green Iron and Steel strategy. The project aims to produce 6Mtpa of high-quality magnetite concentrate to meet domestic and global demand requirements from Green Steel supply chain participants. The company is advancing its Green Iron partnering strategy to attract a partner for project development. The South Australian Government's Green Iron and Steel Strategy aims to position the state as a key contributor to the global energy transition and is expected to provide significant support and interest for Lincoln's Green Iron Project partnering process.