LML Lincoln minerals

[donnie]

Lincoln Minerals could be one to look at over the next few month after their announcement today. They have some interest in some good ground.

from egoli.

Lincoln mineral(LML) advised that it has received SA Government approval to commence a major aircore and reverse circulation (RC) drilling program on southern Eyre Peninsula, South Australia. The approval is to drill direct shipping hematite and hematite banded iron formation targets on the company’s 100% owned Gum Flat tenement near Port Lincoln. In addition to the Gum Flat iron ore project, Lincoln Minerals said it would also drill uranium and base metal targets on its Cockabidnie project on central Eyre Peninsula where there are surface samples containing up to 1% zinc and up to 750ppm (0.075%) uranium not previously tested by drilling. The program of aircore and RC drilling is planned to commence in early July subject to completion of Aboriginal heritage and other clearances.

__________________________________________________ ___________________


Lincoln Minerals Limited is an Australian company with a portfolio of high quality uranium, base metal (lead-zinc-copper-nickel-silver), gold, iron ore and iron oxide copper-gold-uranium (IOCGU) exploration projects in the Gawler Craton, South Australia:

1. Numerous uranium occurrences and strategic targets covering a broad
spectrum of uranium exploration models including sediment hosted,
unconformity related, IOCGU and shear zone hosted

2. Strategic targets in established and emerging world class mining belts including:

Olympic Copper-Gold-Uranium Province, host to the giant Olympic Dam, Prominent Hill, Carapateena, Punt Hill and Moonta deposits
Central Gawler Gold Province host to the Weednanna and Tunkillia gold deposits
Eastern Eyre Base Metal Province host to numerous historic mines and deposits including high grade zinc-lead-silver resources at Menninnie Dam and within easy reach of the world class lead smelter at Port Pirie
Middleback Iron Ore Province, host to high grade hematite-magnetite iron ore resources and mines of the Middleback Ranges and eastern Eyre Peninsula
The Company has a secure land position with projects close to established infrastructure including rail and heavy haulage road networks, shipping ports, electricity and water services, hospitals and engineering service providers.

Lincoln Minerals Limited is well placed to take advantage of the resurgence in uranium, zinc, copper, lead, iron ore and gold prices and expanding markets in Asia particularly China.

Lincoln Minerals recognises the rights of all landowners and other parties with legitimate interests in the land held under mineral tenements by the Company.

__________________________________________________ __________________

Lincoln Minerals Limited (LML) is an exploration company with the projects located with in the Gawler Craton, South Australia. The Company has several uranium, copper, gold, zinc-lead-silver, iron ore and nickel exploration targets.

Gum Flat:
The project is located east of Port Lincoln and is considered prospective for base metals, uranium and iron ore. The tenement is interpreted to include 35 km of banded iron formation which represents a significant target. Previous RC drilling returned 8m @ 660ppm Cu, 300ppm Pb and 0.29% Zn from 40m.

Koppio-Tumby Bay:
The project is located on southern Eyre Peninsula and is prospective for uranium, base metals and iron ore. Work by former owners identified several uranium and base metal anomalies.

Mount Hill:
The project is located on south central Eyre Peninsula west of Port Neill and is prospective for uranium and base metals. Soil sampling identified an anomaly up to 260 ppm uranium. A copper-zinc anomaly with 0.11% Cu and 0.56% Zn.

Cockabidnie:
The project is located with in the Central Eyre Peninsula and is prospective for uranium and base metals. Previous drilling returned 6.1m @ 0.51% Pb and 18.3m @ 0.21% Zn, 13m @ 12g/t Ag and 2m @ 0.17% Cu.

Wilcherry:
The project is located within the Central Gawler

[shasta]

Thanks Donnie

Was recently tipped to have a look at LML.

Do you hold?

[donnie]

sorry shasta for not getting back to you.

yes i got some at 21c i'll enjoy the ride.


Wednesday, 1 August 2007

INDIAN METALS GROUP IN MAJOR SA IRON ORE SEARCH
WITH LINCOLN MINERALS

Lincoln Minerals Limited (ASX Code: LML) today announced a $3.5 million
exploration and investment agreement with an Indian metals group that will boost
the SA explorer’s search for iron ore near Port Lincoln, on South Australia’s Eyre
Peninsula.

Under the Heads of Agreement signed between Lincoln and the Bangalore-based
Mineral Enterprises Limited, the diversified mining and energy group will contribute
up to $2.5 million in exploration expenditure, earning up to 40% of Lincoln’s Gum
Flat Project.

Minerals Enterprises Limited has also agreed to take up 3,500,000 fully paid
ordinary shares in Lincoln Minerals Limited at 30 cents per share, raising
$1,050,000 by 15 August 2007.
Lincoln Minerals’ Managing Director, Dr John Parker, said: “This is an exciting
development for Lincoln Minerals and will enable the Company to maximise the iron
ore potential of the Gum Flat Project for its investors.”
“Mineral Enterprises is an iron ore mining and minerals company in India and would
be a potential buyer of output from a mine development that might flow from future
discoveries by our Company,” Dr Parker said.
“The Heads of Agreement, which the two parties are looking to finalise into a formal
agreement as soon as possible, is another vote of confidence by large international
metals groups in the prospectivity of South Australia,” he said.

Key elements of the Heads of Agreement include Mineral Enterprises, subject to
certain conditions, contributing:

* $500,000 to an initial drilling program at Lincoln’s 100% owned Gum Flat
tenement (EL3422),

* A further $500,000 in exploration expenditure, earning a 20% stake in the
Gum Flat Project by 31 December 2008, and

* An additional $1.5 million in exploration expenditure, earning a further 20%
interest, by 31 December 2010.

Mineral Enterprises Limited is a diverse Bangalore based corporation with interests
in mining, power, infrastructure and bio-diesel.

MEL has been extracting iron ore and manganese ore for over four decades and has substantial iron ore reserves in the Chitradurga and Turnkur Districts of southern India.

Lincoln Minerals listed on the Australian Securities Exchange in March 2007 after
raising $7 million in an Initial Public Offer.

The Company holds substantial exploration leases and rights in the:

Gawler Craton of South Australia, particularly on Eyre Peninsula. Apart from uranium, its portfolio
covers a range of base metals – lead, zinc, copper, nickel, silver – gold and iron ore
projects.

[yogi-in-oz]

:)

Hi folks,

LML ... coming off support at .31 for the second time this year
and a strong and positive cycle, currently in play ... hopefully,
enough to give it a lift, above the averages, this week ... :)

have a great week all

paul

:)

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