Lincoln Minerals Limited (LML) AI Stock Analysis

• Market Cap: AU$20.62M
• Dividend Yield: N/A
• Average Volume (3M): 6.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: N/A
• EPS Growth: 26.67%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 2,577,952,400
• 10 Day Avg. Volume: 6,697,339
• 30 Day Avg. Volume: 6,697,339
• PEG Ratio: 0.24
• Price to Book (P/B): 2.25
• Price to Sales (P/S): 24.05
• P/FCF Ratio: -5.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: ―

Lincoln Minerals Limited faces significant financial challenges with no revenue growth and persistent losses. While the company has a strong equity base and no leverage risk, its inability to generate positive cash flows and operational inefficiencies are critical concerns. Technical analysis is limited, but the high beta suggests potential volatility. The stock's valuation is unattractive due to negative earnings and lack of dividends, further weighing down its appeal.

Lincoln Minerals Limited Business Overview & Revenue Model

Company Description

Lincoln Minerals Limited (LML) is an Australian-based mineral exploration company primarily focused on the discovery and development of graphite and iron ore resources. The company is dedicated to creating shareholder value through the exploration and potential mining of high-quality mineral assets, with a particular emphasis on projects located in South Australia. LML's core projects include the Kookaburra Gully Graphite Project, which is one of the world's premier deposits of high-grade flake graphite.

How the Company Makes Money

Lincoln Minerals Limited generates revenue through the exploration and eventual development of mineral resources, particularly graphite and iron ore. The company aims to progress its projects from exploration to development and production, thereby creating value through the sale of extracted minerals. LML's primary revenue streams are expected to come from the sale of mined graphite and iron ore. Additionally, the company may engage in joint ventures, partnerships, or sales of mining rights to other mining companies as a means of monetizing its assets. Significant partnerships with other resource companies or investors could also contribute to its earnings by providing necessary funding or strategic opportunities to advance its projects toward commercial production.

Lincoln Minerals Limited Financial Statement Overview

Summary

Lincoln Minerals Limited is navigating significant financial hurdles. The absence of revenue growth and persistent losses highlight operational inefficiencies. Despite a strong equity base and no debt, the company faces cash flow constraints, which could impact its ability to fund future operations and growth initiatives.

Income Statement

Lincoln Minerals Limited has faced significant revenue challenges, with no recorded revenue for the last two fiscal years. The company continues to experience negative EBIT and net income margins, indicating ongoing operational inefficiencies. Revenue growth is nonexistent, and the firm has struggled to contain costs, leading to consistent net losses.

Balance Sheet

The company maintains a strong equity position with a debt-to-equity ratio of zero, suggesting no leverage risk. Stockholders' equity accounts for a substantial portion of total assets, providing a stable financial foundation. However, the lack of revenue growth poses a risk to future financial stability.

Cash Flow

Lincoln Minerals Limited faces cash flow challenges with negative operating and free cash flows, highlighting difficulties in generating cash from operations. Although financing activities have provided some cash inflows, the company needs to improve its operational efficiency and cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	601.72K	601.72K	0.00	0.00	5.46K	55.01K
Gross Profit	590.87K	601.72K	-951.00	-1.91K	3.77K	54.70K
EBITDA	-1.91M	-870.82K	-1.57M	-3.61M	-2.02M	-909.23K
Net Income	-2.28M	-2.28M	-2.69M	-3.61M	-2.03M	-744.64K
Balance Sheet
Total Assets	6.99M	6.99M	8.53M	7.15M	5.99M	7.53M
Cash, Cash Equivalents and Short-Term Investments	662.94K	662.94K	2.57M	1.16M	42.12K	122.77K
Total Debt	294.86K	294.86K	0.00	0.00	510.00K	0.00
Total Liabilities	558.38K	558.38K	345.88K	117.79K	737.30K	257.40K
Stockholders Equity	6.43M	6.43M	8.19M	7.04M	5.25M	7.28M
Cash Flow
Free Cash Flow	-2.10M	-2.47M	-2.43M	-2.73M	-646.92K	-856.03K
Operating Cash Flow	-1.07M	-1.06M	-1.34M	-2.15M	-494.28K	-634.63K
Investing Cash Flow	-1.41M	-1.41M	-1.09M	-576.81K	-18.36K	-195.15K
Financing Cash Flow	515.83K	515.83K	3.84M	3.85M	510.00K	0.00

Lincoln Minerals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FBM	49 Neutral	€27.66M	―	-9.75%	―	―	84.62%
BUX	47 Neutral	AU$11.34M	―	-127.11%	―	―	10.34%
RWD	44 Neutral	AU$12.25M	―	-251.41%	―	―	93.44%
LML	39 Underperform	AU$20.62M	―	-31.20%	―	―	26.67%

Lincoln Minerals Limited Corporate Events

Lincoln Minerals Advances Exploration and Strengthens Financial Position

Lincoln Minerals Limited has announced significant progress in its exploration activities for the March 2025 quarter. The company is targeting unassayed base metal mineralization at its Minbrie Copper & Base Metals Project, aiming to confirm and expand upon previous notable intercepts. Additionally, Lincoln is advancing its graphite and magnetite projects, with strategic discussions and presentations highlighting their potential. The company has also implemented a substantial cost reduction program and secured new investments, reinforcing its financial position.

Lincoln Minerals’ Kookaburra Graphite Project Gains Recognition in 2025 Australian Prospectus

Lincoln Minerals Limited’s Kookaburra Graphite Project has been featured in the 2025 Australian Critical Minerals Prospectus, highlighting its status as a leading critical minerals project. This inclusion underscores the project’s strategic importance and readiness for investment, with its existing mining lease and favorable pre-feasibility study results. The Kookaburra project is well-positioned to support global electrification and supply chain security, offering high-quality graphite for battery and industrial markets. Lincoln is actively exploring strategic partnerships and funding solutions to advance the project further.

Lincoln Minerals Limited Completes Share Placement to Bolster Financial Position

Lincoln Minerals Limited has successfully issued 46,310,214 fully paid ordinary shares as part of a placement to new shareholders, priced at $0.005 per share. This move is expected to enhance the company’s financial position and support its ongoing operations, reflecting compliance with relevant corporate regulations and potentially strengthening its market presence.

Lincoln Minerals Limited Announces Quotation of New Securities on ASX

Lincoln Minerals Limited has announced the quotation of 46,310,214 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of previously announced transactions. This move is expected to strengthen the company’s financial position and enhance its visibility in the market, potentially impacting stakeholders positively by increasing liquidity and investment opportunities.

Lincoln Minerals Limited Announces Proposed Securities Issue

Lincoln Minerals Limited has announced a proposed issue of securities, including 23,155,107 options and 46,310,214 fully paid ordinary shares, as part of a placement. This move is expected to strengthen the company’s financial position and support its growth strategies, potentially impacting its market standing and offering new opportunities for stakeholders.

Lincoln Minerals Advances Minbrie Project with New Funding and Strategic Initiatives

Lincoln Minerals Limited has successfully completed a placement to raise A$231,550 for its Minbrie Copper-Zinc Project, issuing shares at a premium and providing options to investors. The funds, along with an expected R&D tax rebate, will support exploration activities, including defining drill targets and relogging existing drill cores, potentially leading to a major discovery. The company is also implementing cost reduction measures, reducing monthly cash burn and aligning management interests with shareholders by compensating executives partially in shares. Lincoln remains focused on advancing its strategic projects and improving its capital position to enhance shareholder value.

Lincoln Minerals Advances Graphite Project Amid Financial Losses

Lincoln Minerals Limited reported a net loss of $1.89 million for the half-year ended December 31, 2024, with a significant reduction in cash reserves. Despite the financial loss, the company made substantial progress in its exploration activities, particularly with its Kookaburra Gully Project for graphite, which has shown strong economic potential. The company aims to leverage these advancements to position itself as a key player in the industrial graphite market while also exploring opportunities in uranium through third-party funding or potential sales.

Lincoln Minerals Unveils Promising Copper and Base Metals Prospect in South Australia

Lincoln Minerals Limited has identified a promising copper and base metals zone at its Minbrie prospect on the Eyre Peninsula. This discovery highlights significant overlooked potential in the Katunga Dolomite footwall sequence, which had previously been underexplored due to a historical focus on magnetite. The company is implementing an accelerated two-phase exploration plan to further assess and expand this potential, aiming to enhance its industry positioning and capitalize on untapped mineral resources, which could have positive implications for stakeholders.