Lincoln Minerals' Uranium Prospectivity Review

Lincoln Minerals Limited (ASX: $LML) has conducted a prospectivity review of the uranium potential across its 100%-owned tenements on South Australia's Eyre Peninsula. The review has identified several uranium prospects, including Jungle Dam, Carinya, White Flat, and Eridani, demonstrating significant uranium potential within the company's existing tenement portfolio.

Executive Commentary on Uranium Prospectivity

Lincoln Minerals CEO Jonathon Trewartha stated, 'Since joining Lincoln in late 2023, it has been a priority of mine to thoroughly review our project portfolio and undertake a review of our uranium prospectivity. This initial effort has already uncovered uranium potential on several of our tenements, based on extensive previous exploration activities undertaken by the Company. Against the backdrop of soaring uranium prices, this review has reinvigorated our plans for dedicated uranium exploration, which have been on hold since the uranium market downturn over a decade ago.'

Summary of Uranium Prospectivity Review

Lincoln Minerals' review of its Eyre Peninsula tenements has revealed highly prospective uranium targets, with significant uranium mineralisation identified in multiple areas. The company's renewed uranium exploration efforts demonstrate potential for success due to known uranium mineralisation from historical exploration programs and strong comparison projects nearby. With South Australia hosting nearly a quarter of total world uranium resources and the state's supportive regulatory environment, Lincoln Minerals is planning a comprehensive 2024 uranium exploration program to capitalize on the increasing uranium exploration and development activity on the Eyre Peninsula. The company aims to leverage its long-standing uranium project pipeline and contribute to the growing demand for uranium as a stable and dependable source of energy in the changing market context.