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Lincoln Minerals Limited
(Sydney:LML)
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Rating:44Neutral
Price Target:
AU$0.01
▲(20.00% Upside)
Action:Reiterated
Date:09/29/26
The score is primarily held back by weak financial performance (zero revenue in FY2026, persistent losses, and ongoing cash burn that implies reliance on external funding). Technicals are only modestly supportive, with a small price lift versus moving averages but generally soft momentum signals. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield support.
Positive Factors
Low Leverage
Minimal debt reduces refinancing pressure and limits fixed financial obligations while the company advances exploration projects. This provides greater flexibility to allocate available capital toward resource development and makes the balance sheet less exposed to interest-rate or lender-related stress.
Negative Factors
No Current Revenue
Zero revenue leaves the company without demonstrated operating income to fund exploration, corporate costs, or project advancement. This makes near-term financial performance dependent on asset transactions or capital raising rather than an established commercial revenue base, increasing execution uncertainty.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt reduces refinancing pressure and limits fixed financial obligations while the company advances exploration projects. This provides greater flexibility to allocate available capital toward resource development and makes the balance sheet less exposed to interest-rate or lender-related stress.
Read all positive factors
Lincoln Minerals Limited (LML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$40.65M
Dividend YieldN/A
Average Volume (3M)3.24M
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue GrowthN/A
EPS Growth18.18%
CountryAU
Employees12
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding2,903,443,400
10 Day Avg. Volume6,778,172
30 Day Avg. Volume3,242,945
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)3.27
Price to Sales (P/S)0.00
P/FCF Ratio-23.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lincoln Minerals Limited Business Overview & Revenue Model
Company Description
Operating within Australia, Lincoln Minerals Limited is dedicated to discovering and advancing various mineral properties. The company's prospecting activities cover a broad spectrum of valuable resources, including graphite, copper, gold, iron or...
How the Company Makes Money
Lincoln Minerals Limited’s revenue model is primarily tied to the mining exploration and development lifecycle. Typical ways an exploration-stage minerals company generates cash include: (1) selling mineral assets or exploration tenements (either ...
Lincoln Minerals Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 601.72K | 0.00 | 0.00 | 5.46K |
| Gross Profit | -1.49K | 601.72K | -951.00 | -1.91K | 3.77K |
| EBITDA | -2.32M | -870.82K | -1.57M | -3.61M | -2.02M |
| Net Income | -2.20M | -2.28M | -2.69M | -3.61M | -2.03M |
Balance Sheet | |||||
| Total Assets | 8.01M | 6.99M | 8.53M | 7.15M | 5.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.65M | 662.94K | 2.57M | 1.16M | 42.12K |
| Total Debt | 0.00 | 294.86K | 0.00 | 0.00 | 510.00K |
| Total Liabilities | 314.17K | 558.38K | 345.88K | 117.79K | 737.30K |
| Stockholders Equity | 7.70M | 6.43M | 8.19M | 7.04M | 5.25M |
Cash Flow | |||||
| Free Cash Flow | -1.09M | -2.47M | -2.43M | -2.73M | -646.92K |
| Operating Cash Flow | -1.08M | -1.06M | -1.34M | -2.15M | -494.28K |
| Investing Cash Flow | -698.88K | -1.41M | -1.09M | -576.81K | -18.36K |
| Financing Cash Flow | 2.81M | 515.83K | 3.84M | 3.85M | 510.00K |
Lincoln Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$31.49M | -15.50 | -19.68% | ― | ― | -193.18% | |
48 Neutral | AU$25.69M | -4.78 | -19.95% | ― | ― | -2.96% | |
46 Neutral | AU$22.58M | -8.62 | -6.44% | ― | ― | -36.47% | |
44 Neutral | AU$40.65M | -14.69 | -29.52% | ― | ― | 18.18% | |
41 Neutral | AU$22.06M | -1.32 | -29.51% | ― | -100.00% | -164.77% | |
38 Underperform | AU$26.32M | -13.10 | -15.81% | ― | ― | 11.07% |
* Basic Materials Sector Average
AU:LML
Lincoln Minerals Limited
0.01
<0.01
20.00%
AU:VML
Vital Metals Ltd
0.09
-0.12
-57.62%
AU:AR3
Australian Rare Earths Limited
0.10
>-0.01
-4.76%
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0.10
0.03
42.86%
AU:HTM
High-Tech Metals Limited
0.25
-0.02
-5.77%
AU:DYM
Dynamic Metals Limited
0.60
0.32
114.29%
Lincoln Minerals Limited Corporate Events
Lincoln Minerals updates governance framework and reshapes board
Sep 27, 2026
Lincoln Minerals Limited has released its latest corporate governance statement for the year ended 30 June 2026, outlining how it aligns with the ASX Corporate Governance Council’s principles and recommendations. The company reports a progra...
Lincoln Minerals sets AGM date and opens board nomination window
Sep 27, 2026
Lincoln Minerals Limited has scheduled its 2026 annual general meeting for 16 November 2026, with full agenda details to be circulated to shareholders and published on the company’s website closer to the date. A key item of business will be ...
Lincoln Minerals expands capital base to fund South Australian critical minerals push
Aug 4, 2026
Lincoln Minerals Limited has issued 25,833,333 fully paid ordinary shares without a prospectus under Australia’s Corporations Act, linked to an Introduction Agreement associated with a recent capital placement. The company has confirmed its ...
Lincoln Minerals Seeks ASX Quotation for 25.8 Million New Shares
Aug 3, 2026
Lincoln Minerals Limited has applied to the ASX for quotation of 25,833,333 new ordinary fully paid shares, formalising an increase in its listed equity capital. The issuance, lodged via an Appendix 2A application, expands the company’s trad...
Lincoln Minerals confirms mineralised system at Minbrie, plans diamond drilling
Aug 3, 2026
Lincoln Minerals has reported final results from an air core drilling program at its Minbrie Copper Project on South Australia’s Eyre Peninsula, confirming that mineralisation at the Eagle Ridge prospect continues up dip. The campaign, compr...
Lincoln Minerals Issues 5 Million Unquoted Options Under Capital Management Plan
Jul 31, 2026
Lincoln Minerals Limited has notified the market of the issue of 5,000,000 unquoted options, exercisable at $0.015 and expiring on June 1, 2027. The securities, designated under ASX code LMLAH, were issued on July 31, 2026.The options form part of...
Lincoln Minerals Plans Issue of 5 Million New Options
Jul 23, 2026
Lincoln Minerals Limited has lodged a notice with the ASX outlining a proposed issue of 5,000,000 options, designated LMLAH, each exercisable at $0.015 and expiring on 1 June 2027. The options, to be issued under a placement or similar structure w...
Lincoln Minerals Secures Funding as Minbrie Copper Drilling Advances
Jul 14, 2026
Lincoln Minerals has begun its first copper-focused drilling campaign at the Minbrie Copper Project on South Australia’s Eyre Peninsula, targeting 17km of stratigraphy prospective for copper and base metals. The air core program, completed i...
Lincoln Minerals Wins Strong Shareholder Backing for Capital Raising Resolutions
Jul 10, 2026
Lincoln Minerals Limited has secured strong shareholder backing at an Extraordinary General Meeting held on 10 July 2026, with all resolutions carried by poll. The meeting endorsed the ratification and approval of several share placements and rela...
Lincoln Minerals Options Lapse, Simplifying Capital Structure
Jul 1, 2026
Lincoln Minerals Limited has confirmed the expiry of a large tranche of listed options, with 194,526,474 LMLAC options, exercisable at $0.014 and due to expire on June 27, 2026, ceasing without being exercised. The lapse of these options slightly ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.