Lincoln raises cash to speed up graphite hunt
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.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation