https://www.miningweekly.com
Exploration|Mining|PROJECT|Drilling
Exploration|Mining|PROJECT|Drilling
exploration|mining|project|drilling

Lincoln raises cash to speed up graphite hunt

24th October 2023

By: Creamer Media Reporter

     

Font size: - +

Exploration and development company Lincoln Minerals has completed a A$1.7-million placement to accelerate its exploration for graphite in South Australia.

The ASX-listed company has received firm commitments from sophisticated, professional and other exempt investors for a share placement of 283 333 333 fully paid ordinary shares at A$0.06 each.

Lincoln reports that the placement was strongly supported by existing major investors, including Baie Fu xin Inheritance Group, which maintains its 26.83% interest, and Vaucluse Investment Holdings, which increased its interest in the company to 18.1%.

The funds will be used for a drilling campaign at the Kookaburra Gully mining lease on the Eyre Peninsula and for follow-up drilling on the Koppio lease south and along strike of Kookaburra Gully.

“We continue to work on updating the 2017 feasibility study completed for Kookaburra Gully and are committed to further exploration of the project to ensure we can uncover its full potential for future development,” says chairperson Yoyo Zhang.

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
14th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.145 0.181s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: