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Recent 3D modelling and subsequent data reviews by Lincoln Metals (ASX:LML) have confirmed large-scale copper-base metals potential at the company’s Minbrie Copper-Base Metals Project in the Eyre Peninsula.
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Lincoln now has its hands on several high-priority drill targets in the project’s northern zone, after relogging over 1,700 metres of historic core.
The explorer also submitted as many as 344 new assays to refine targeting.
Lincoln, which owns the Minbrie project completely, is now fast-tracking its FY26 drilling plans; HotCopper understands things should spin up as soon as next month.
First, the company has to lock down approvals for the Gawler Craton work region, with those expected to be finalised by the time September rolls around.
Then, the Aussie explorer will begin diving into the mineralised system, which it says extends over a seven-kilometre strike length and boasts “multiple sulphide-rich zones” that the company will be prioritising.
“The identification of this multi-phase sulphide system, supported by 3D geological modelling, provides a strong framework to target both oxide and sulphide zones,” Lincoln’s CEO Jonathon Trewartha said on next moves.
“With approvals expected shortly, Minbrie is well-positioned to demonstrate its potential as a significant zoppe and base metals discovery in the Gawler Craton.”
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The Gawler Craton is a well-known South Australian region that stretches 440,000km2 through the middle of the state. It already hosts several top iron oxide copper-gold deposits like Olympic Dam and Carrapateena.
LML hasn’t fared so well on today’s news, with share price diving -14.29%.
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