Lincoln Minerals Limited Confirms Multiple De-Risked High-Priority Drill Targets for Copper & Base Metals Discovery Ahead of H2 2025 Drilling Ramp-Up

Tuesday, July 8, 2025
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8:22 am
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Lincoln Minerals Limited has defined several high-priority drill targets at its South Australian Minbrie Copper-Base Metals Project. Recent 3D modelling, re-logging, and assay data de-risk the targets, paving the way for an H2CY25 drilling campaign and highlighting significant potential in copper and base metals exploration.

Lincoln Minerals Limited has reinforced its strategic focus on unlocking substantial copper and base metals potential at its Minbrie Project in South Australia’s Eyre Peninsula. Recent work combining 3D geological modelling, re-logging of over 1,700 metres of historical diamond core, and 344 new laboratory assays has highlighted multiple high-priority drill targets within the Northern Zone. The technical program has de-risked several drill targets by confirming key mineralisation features, including a multiphase sulphide system that supports distinct structural trap zones. Drilling details have been refined with identification of three primary trap zones. The first zone, located along the contact between magnetite banded iron formation, dolomite, and a mylonite shear zone, is underscored by the promising intercept from discovery hole BUDD1921 (29.5m at 0.8% copper, 7.5% lead, 1.9% zinc, 9.0 g/t silver). The second target is set along the weathering front near hole BUDD192 for oxide/supergene enrichment, while the third zone lies at the intersection of the Kalinjala-mylonitic shear zone with cross-cutting east-west faults. Precision step-out targeting using the evolving 3D model is guiding drill design with plans to test both oxide and sulphide zones in the upcoming drilling campaign. The announcement also detailed how modern analytical tools, including over 620 portable XRF readings, have been instrumental in confirming narrow yet significant mineralised veining that suggests historical drilling may have terminated above the main mineralisation. This has provided strong guidance for future drilling approaches. With drilling approvals well advanced and operational planning in progress, Lincoln Minerals Limited intends to begin first-phase drilling in the second half of calendar year 2025, pending final regulatory confirmation. From a market sentiment perspective, the news exudes bullish undertones. The integration of advanced technical reassessments and favorable assay results reduces exploration risks and places the project in a strong strategic context within the renowned Gawler Craton. Investors may view the upcoming drill campaign as a catalyst, potentially unlocking significant value if high-grade mineralisation extends along the identified 7km strike. Conversely, any delays in regulatory approvals or unforeseen drilling challenges could temper expectations, adding a nominal bearish edge. Overall, the announcement reinforces the company's confidence in Minbrie as a pivotal asset in its diversified resource portfolio.

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