Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)
Lithium
45.28
0.49%
Gold
2,667.30
0.52%
Copper
4.13
(0.51%)
Oil
70.35
1.9%
Bitcoin
97,921.11
3.78%
FTSE 100
8,120.23
0.43%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,408.47
0.26%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.34%
Hang Seng
19,601.11
(0.23%)

Lincoln Minerals (ASX: $LML) launches underwritten share purchase plan to advance SA projects

Lincoln Minerals (ASX: $LML) Share Purchase Plan Announcement


Lincoln Minerals Limited (ASX: $LML) has announced an underwritten share purchase plan (SPP) to raise $1,500,000 before costs and a potential placement targeted to raise up to an additional A$1,500,000 (Top-Up Placement). The SPP provides the opportunity for eligible shareholders in Australia and New Zealand to subscribe for new fully paid ordinary shares in the Company up to a maximum value of $30,000. The SPP issue price of $0.007 per Share represents a 12.3% discount to the five-day VWAP of $0.008. Eligible shareholders will also be entitled to one unlisted free-attaching option to acquire a Share for every two shares subscribed for and issued under the SPP, exercisable at $0.014 and expiring 2 years from the date of issue.

Executive Commentary on SPP and Top-Up Placement


We have made rapid progress across our portfolio in recent months, and proceeds of the SPP and potential Top-Up Placement will allow us to continue this momentum. We have confirmed our Kookaburra Graphite Project as the second largest graphite resource in Australia's premier graphite province - the Eyre Peninsula - by doubling its resource since September 2023 while also uncovering the hidden value within our project portfolio which also holds a 1.2 billion tonne Green Iron magnetite project and uranium exploration targets among existing SA tenements. We are excited to move Lincoln Minerals into its next stage of development with an updated, wider scope graphite Feasibility Study and further work to progress magnetite and uranium potential to deliver value from these assets to our shareholders.

Summary of Share Purchase Plan and Top-Up Placement


Lincoln Minerals Limited (ASX: $LML) has launched an underwritten Share Purchase Plan (SPP) to raise $1,500,000 and a potential Top-Up Placement to raise up to an additional A$1,500,000. The SPP provides eligible shareholders with the opportunity to subscribe for new fully paid ordinary shares in the Company, with an issue price of $0.007 per Share representing a 12.3% discount to the five-day VWAP of $0.008. Additionally, eligible shareholders will be entitled to one unlisted free-attaching option to acquire a Share for every two shares subscribed for and issued under the SPP, exercisable at $0.014 and expiring 2 years from the date of issue. The proceeds from the Offer will allow rapid progress on Lincoln's portfolio of premium SA assets, including the Kookaburra Graphite Project, Green Iron Project, and uranium exploration activities. Lincoln also reserves the right to conduct a Top-Up Placement, subject to the outcome of the SPP. Full details of the SPP will be contained in an offer document scheduled to be dispatched to eligible shareholders on or around Friday 3 May 2024.

LINCOLN MINERALS LIMITED
LML | ASX | Materials
0.0060(+0%)
At close 20/11 (AEDT)
Market cap
$12.3M
Volume
348,957
DY Yield
PE Ratio
52 Week Range
0.004 - 0.011
1YR Return
N / A

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