Lincoln Minerals Limited ( (AU:LML) ) has issued an update.
Lincoln Minerals Limited reported a net loss of $1.89 million for the half-year ended December 31, 2024, with a significant reduction in cash reserves. Despite the financial loss, the company made substantial progress in its exploration activities, particularly with its Kookaburra Gully Project for graphite, which has shown strong economic potential. The company aims to leverage these advancements to position itself as a key player in the industrial graphite market while also exploring opportunities in uranium through third-party funding or potential sales.
More about Lincoln Minerals Limited
Lincoln Minerals Limited is a multi-commodity project developer with a focus on exploration and development projects in the Gawler Craton region on the Eyre Peninsula, South Australia. The company is engaged in developing projects related to commodities such as Graphite, Uranium, Magnetite, and Copper & Base Metals.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.34M
Learn more about LML stock on TipRanks’ Stock Analysis page.