Linq Minerals boosts drilling at Gilmore after high-grade hits and $15.4m raising

Linq Minerals Limited ( (AU:LNQ) ) has shared an announcement.

Linq Minerals reported strong exploration progress at its Gilmore Gold-Copper Project for the March 2026 quarter, highlighted by significant shallow high-grade gold intersections at Gidginbung that suggest the mineralised system may be closer to surface than previously thought. The company also drilled further holes at the Dam deposit, commenced a maiden drilling program at the Monza prospect, and confirmed a substantial copper-equivalent intersection at Mandamah, with assays pending from several key holes.

To accelerate this expanded drill program, Linq completed a heavily oversubscribed institutional placement raising $15.4 million, leaving the explorer with about $20 million in cash after costs. The strengthened balance sheet positions the company to intensify drilling across the Southern and Central Zones of the Gilmore project, where it is working to both grow and upgrade existing resources and systematically test largely underexplored targets in a corridor analogous to the Cadia copper-gold complex.

The most recent analyst rating on (AU:LNQ) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Linq Minerals Limited stock, see the AU:LNQ Stock Forecast page.

More about Linq Minerals Limited

Linq Minerals Limited is an Australian mineral exploration company focused on gold and copper, with its flagship Gilmore Gold-Copper Project in New South Wales. The company targets porphyry and epithermal-style deposits across multiple prospects, including Gidginbung, the Dam, Monza and Mandamah, aiming to build a pipeline of gold-copper resources along a highly prospective mineralised corridor.

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Technical Sentiment Signal: Strong Buy

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