Management has established a detailed data room spanning information on all of its uranium projects, so it can be accessed by interested parties after they sign confidentiality and non-disclosure agreements.

Lincoln revealed earlier this week that it has kicked off exploration at its Yallunda uranium project by launching a comprehensive field reconnaissance and sampling program to focus on a 7km-long anomaly pinpointed from research into historic geophysical and geochemical datasets. The fieldwork will include soil, calcrete and rock-chip sampling, with results expected by late next month.

The company says the latest gravity and geological information it has sourced from SA Government data has been pivotal to improving its knowledge of the morphology of the basement ground in its project areas.

According to the World Nuclear Association website, Australia’s known uranium resources are the world’s biggest and comprise about 23 per cent of the global total.

Away from its uranium assets, Lincoln’s premier play is the Kookaburra graphite project that contains 12.8 million tonnes at 7.6 per cent total graphitic carbon (TGC) for a resource of 973,000 tonnes of contained graphite on an existing mining lease.

Management notes that any capital realised from discussions with third parties over its uranium portfolio will be applied to its flagship graphite assets, with an updated prefeasibility study (PFS) due later this month.

Now it remains to be seen if Lincoln’s aim to realise part or all of the latent value it believes exists within its uranium assets can come to fruition and deliver the funds it wants to drive its graphite project forward.

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