Lincoln Minerals cleared to start copper drilling at Minbrie in Q2 2026

Lincoln Minerals Limited ( (AU:LML) ) just unveiled an announcement.

Lincoln Minerals has secured all government and landowner approvals to begin Stage 1 drilling at its Minbrie Copper Project on South Australia’s Eyre Peninsula, with an air core rig booked to start at least 40 holes in the second quarter of 2026. The program will focus on roughly 1.7km of previously untested strike at the Eagle Ridge prospect, part of a larger 17km copper- and base metal‑prospective stratigraphy, where historic drilling returned strong polymetallic intercepts that were never properly followed up.

The initial wide-spaced air core campaign is designed to map and rank zones of copper and base metal mineralisation across Minbrie, guiding potential reverse circulation and diamond drilling later in 2026 at the most promising targets. By systematically testing underexplored ground that historic work overlooked or only partially logged, Lincoln is aiming to unlock additional mineralised zones, strengthen its copper exploration credentials on the Eyre Peninsula, and potentially enhance the project’s strategic value for investors and regional stakeholders.

The most recent analyst rating on (AU:LML) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Lincoln Minerals Limited stock, see the AU:LML Stock Forecast page.

More about Lincoln Minerals Limited

Lincoln Minerals Limited is an ASX-listed explorer focused on copper and base metals on South Australia’s Eyre Peninsula. The company controls the Minbrie Project, which includes 17km of target stratigraphy that has historically been drilled for iron ore but is now being reassessed for its copper and base metal potential, particularly at the Eagle Ridge prospect.

Average Trading Volume: 4,578,364

Technical Sentiment Signal: Sell

Current Market Cap: A$31.21M

Learn more about LML stock on TipRanks’ Stock Analysis page.