Lincoln Minerals Identifies Multiple Uranium Anomalies at South Australia Project, Shares Surge 25%

MT Newswires Live

2025/05/19

Lincoln Minerals (ASX:LML) said multiple uranium anomalies were identified in a soil and rock chip sampling program at the Yallunda uranium project in South Australia, according to a Monday Australian bourse filing.

Assays from a sampling program across exploration tenements EL6648, EL5922, and EL6024 expanded on previous survey data. One soil sample highlighted a uranium-vanadium-molybdenum anomaly.

It plans to conduct mapping of key lithological boundaries, geochemical sampling, and geophysical surveys to define potential mineralized zones in the second half.

Its shares surged 25% in recent trading on Monday.

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