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| Lincoln Minerals |
Promising Soil Samples Signal Uranium Potential in Eyre Peninsula
Lincoln Minerals (ASX:LML) has confirmed multiple uranium anomalies at its Yallunda Project, located within South Australia’s Eyre Peninsula. The results stem from initial soil sampling programs conducted over the project area.
Among the highlights, sample YD38 recorded uranium at 11.5 parts per million (ppm), vanadium at 380ppm, and molybdenum at 36ppm. According to Lincoln, the anomalies appear to be driven by geological contrasts between granitic and metasedimentary units, along with structural controls and redox interfaces, which indicate the potential for uranium mobilisation and concentration at the lithological boundary.
Further anomalies were identified at the unconformity surface overlying the Miltalie Gneiss, including in sandstone and sediments. These areas are planned for future exploration campaigns.
Redox-Controlled Mineralisation and Follow-Up Targets
CEO Jonathon Trewartha described the results as “encouraging”, confirming the contact between Moody Suite granites and Hutchinson Group metasediments.
“In particular, soil sample YD38 has highlighted a uranium-vanadium-molybdenum anomaly, and these are characteristic of redox-controlled uranium mineralisation, therefore providing a further follow-up target,” he said.
“South Australia holds significant uranium resources and existing mining operations for uranium, and we look forward to providing updates on our work at Yallunda.”
Lincoln is currently creating a detailed lithological boundary map. Additional geochemical sampling and geophysical surveys are planned to identify potential mineralised zones.
Strategic Progress Across South Australian Projects
In parallel with Yallunda, Lincoln Minerals, with a market capitalisation of $10.51 million, recently secured a $294,096 loan against its research and development tax rebate for its Minbrie Copper Project, also located in South Australia. The loan was reported by Mining.com.au.
Lincoln is focused on the exploration and development of critical mineral resources across the Gawler Craton region of South Australia.
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