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Lincoln Minerals Limited
(Sydney:LML)
Lincoln Minerals Limited (LML) vs. iShares MSCI Australia ETF (EWA)
Lincoln Minerals Limited Business Overview & Revenue Model
Lincoln Minerals Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 601.72K | 0.00 | 0.00 | 5.46K | 55.01K |
| Gross Profit | 601.72K | -951.00 | -1.91K | 3.77K | 54.70K |
| EBITDA | -870.82K | -1.57M | -3.61M | -2.02M | -909.23K |
| Net Income | -2.28M | -2.69M | -3.61M | -2.03M | -744.64K |
Balance Sheet | |||||
| Total Assets | 6.99M | 8.53M | 7.15M | 5.99M | 7.53M |
| Cash, Cash Equivalents and Short-Term Investments | 662.94K | 2.57M | 1.16M | 42.12K | 122.77K |
| Total Debt | 294.86K | 0.00 | 0.00 | 510.00K | 0.00 |
| Total Liabilities | 558.38K | 345.88K | 117.79K | 737.30K | 257.40K |
| Stockholders Equity | 6.43M | 8.19M | 7.04M | 5.25M | 7.28M |
Cash Flow | |||||
| Free Cash Flow | -2.47M | -2.43M | -2.73M | -646.92K | -856.03K |
| Operating Cash Flow | -1.06M | -1.34M | -2.15M | -494.28K | -634.63K |
| Investing Cash Flow | -1.41M | -1.09M | -576.81K | -18.36K | -195.15K |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$17.14M | -7.27 | -6.61% | ― | ― | ― | |
48 Neutral | AU$15.88M | -2.21 | -127.11% | ― | ― | 10.34% | |
46 Neutral | AU$36.41M | -12.73 | -31.20% | ― | ― | 26.67% | |
45 Neutral | AU$15.65M | -5.81 | -14.33% | ― | ― | ― | |
42 Neutral | AU$11.52M | -6.00 | ― | ― | ― | 93.44% |
Lincoln Minerals Limited Corporate Events
Lincoln Minerals Limited has applied for quotation of a small allotment of new ordinary fully paid shares on the ASX, covering 313 securities issued on 27 February 2026. The modest scale of this issuance suggests a routine administrative or technical adjustment to the company’s capital structure, with limited immediate impact expected on its overall market position or existing shareholders.
The application under the ASX Appendix 2A framework formalises the listing of these additional securities, ensuring they are eligible for trading alongside the company’s existing shares. While not a transformational capital raising, the move maintains transparency in Lincoln Minerals’ equity register and reflects adherence to ongoing listing and disclosure obligations.
The most recent analyst rating on (AU:LML) stock is a Hold 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.
Lincoln Minerals Limited, an Australian mining and exploration company listed on the ASX under code LML, continues to expand its capital base through equity issuance. The company has applied for quotation of an additional 357,143 ordinary fully paid shares on the ASX, a move that marginally increases its listed share count and may provide incremental funding capacity and liquidity for investors.
The new securities, issued on 20 February 2026, represent a small but notable addition to Lincoln Minerals’ capital structure. While the announcement provides limited operational detail, the expanded share quotation underscores the company’s ongoing use of equity markets to support its corporate and project needs, with potential implications for existing shareholder dilution and trading volumes.
The most recent analyst rating on (AU:LML) stock is a Hold 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.
Lincoln Minerals Limited has applied to the ASX for quotation of 6,973,549 new fully paid ordinary shares under the code LML, with an issue date of 6 February 2026. The quotation of these additional securities, arising from the exercise or conversion of existing instruments, marginally expands the company’s listed share capital and may provide incremental funding flexibility, altering the equity base and potentially affecting existing shareholders’ dilution and the company’s capacity to advance its resource projects.
The most recent analyst rating on (AU:LML) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Lincoln Minerals Limited stock, see the AU:LML Stock Forecast page.
Lincoln Minerals Limited has released an amended version of its December 2025 Quarterly Activities/Appendix 5B Cash Flow Report to address ASX Listing Rule compliance, while highlighting a refreshed leadership team and a strategic shift to becoming a discovery-focused copper company centred on its Minbrie project in South Australia. During the quarter, the company advanced stakeholder engagement and exploration planning for drilling at Minbrie in the first half of 2026, entered a collaboration agreement to explore the use of graphite from its Kookaburra project in small modular nuclear reactors, signed an MOU for a potential joint venture to develop an iron ore pellet plant on the Eyre Peninsula, and ended the period with $1.5 million in cash and no debt, underscoring its efforts to unlock value from its asset base while sharpening its copper-focused growth strategy.
The most recent analyst rating on (AU:LML) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Lincoln Minerals Limited stock, see the AU:LML Stock Forecast page.
Lincoln Minerals Limited has applied to the ASX for quotation of 2,072,029 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The additional shares modestly expand the company’s quoted capital base and signal ongoing utilisation of equity-linked instruments by investors, with potential implications for shareholder dilution and future capital management strategies.
The most recent analyst rating on (AU:LML) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Lincoln Minerals Limited stock, see the AU:LML Stock Forecast page.
Lincoln Minerals has amended a recent announcement on high-grade copper targets at its Southern Eyre Project in South Australia to include additional historic exploration data from work undertaken by Helix Resources in 1988–89. The review of historic data identified 41 rock chip samples grading up to 11.1% copper and 0.6 g/t gold in a geological setting similar to the company’s Minbrie Project, although the company stresses these historic results are not compliant with the JORC 2012 code and have not been independently validated. Lincoln is refining its 2026 exploration programs, with immediate efforts concentrated on drilling planned for Q4 FY26 at Minbrie, where it controls a 20 km corridor prospective for copper and base metals, while the newly recognised copper potential at Southern Eyre underscores the underexplored nature of the region for copper and base metals beyond its prior focus on iron ore and graphite.
The most recent analyst rating on (AU:LML) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Lincoln Minerals Limited stock, see the AU:LML Stock Forecast page.
Lincoln Minerals Limited has refreshed its leadership and updated its corporate strategy to become a discovery-focused copper company, concentrating on advancing the Minbrie Project in South Australia where it controls 17km of copper- and base metals–prospective stratigraphy. The company is progressing permitting and land access for a drilling program targeted to begin in the first half of 2026, while simultaneously pursuing value-adding partnerships for its non-core assets through a collaboration to explore using graphite from the Kookaburra Project in small modular nuclear reactors and a memorandum of understanding for a potential joint venture iron ore pellet plant on the Eyre Peninsula, ending the quarter with $1.5 million in cash and no debt.
The most recent analyst rating on (AU:LML) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Lincoln Minerals Limited stock, see the AU:LML Stock Forecast page.
Lincoln Minerals has identified historic high-grade copper and gold targets at its Southern Eyre Project in South Australia, following a review prompted by earlier copper discoveries at its Minbrie Project. The company’s reassessment of historical work, including exploration from the late 1980s, located 41 rock chip samples with copper grades up to 11.1% and associated gold, clustered along key structures such as the Kalinjala Shear Zone and near the Donington Granite intrusive. With the area previously underexplored for copper due to past focus on iron ore and graphite, Lincoln sees strengthened copper and gold prospectivity across the Eyre Peninsula and plans to concentrate immediate exploration at Minbrie, where it controls a 20km corridor of prospective ground, while fine-tuning its 2026 programs to test extensions at Minbrie and the newly identified Southern Eyre copper targets.
The most recent analyst rating on (AU:LML) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Lincoln Minerals Limited stock, see the AU:LML Stock Forecast page.
Lincoln Minerals Limited has announced a proposed issue of up to 3,725,000 ordinary fully paid shares via a placement or similar capital-raising mechanism, with an expected issue date of 7 January 2026. The move signals an intention to bolster the company’s capital base, potentially providing additional funding for its ongoing exploration and development activities and reinforcing its financial flexibility within the competitive resources sector, though specific use of proceeds was not disclosed.
Lincoln Minerals Limited has appointed Jake van der Hoek as Company Secretary, with immediate effect, replacing outgoing Chief Financial Officer and Company Secretary Andrew Metcalfe, who will assist with a smooth transition. Van der Hoek, a director at HLB Mann Judd with extensive experience in ASX-listed corporate governance and compliance, will also be responsible for communication with the ASX, and the company has aligned its registered office and principal place of business with HLB Mann Judd’s Dulwich, South Australia address, signalling a closer integration of corporate secretarial and administrative functions that may streamline regulatory and operational oversight.
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.