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Lincoln Minerals Limited ( (AU:LML) ) just unveiled an update.
Lincoln Minerals Limited has entered into a Memorandum of Understanding with Revera Energy to explore a joint venture for developing a direct reduced iron pellet plant on South Australia’s Eyre Peninsula. This collaboration aims to utilize green hydrogen from Revera’s Cape Hardy Green Hydrogen Project as an alternative fuel, potentially enhancing Lincoln’s market positioning by leveraging sustainable energy solutions and creating shareholder value without diverting focus from its Minbrie Copper Project.
More about Lincoln Minerals Limited
Lincoln Minerals Limited is involved in the mining industry, focusing on the development of magnetite resources. The company is advancing its Eyre Magnetite Project in South Australia, which boasts a 1.23 billion-tonne resource capable of producing high-grade direct reduction iron quality products.
Average Trading Volume: 16,366,867
Technical Sentiment Signal: Sell
Current Market Cap: A$23.32M
For a thorough assessment of LML stock, go to TipRanks’ Stock Analysis page.