Lincoln is getting ready to drill the Southern Eyre Peninsula uranium,iron ore and base metals projects. As stated in the company prospectus,they intend spending 50% of year 1 expenditure on uranium projects.The company is also issuing free 2010 options for holders as at *8th June*.The company has recently identified a significant uranium- anomaly near Kimba Gap. It has flown extensive low level aeromagnetic and radiometric survey and results are in the pipeline. Tight capital and in the Gawler Craton and Middleback Ranges. Company listed in February 2007 and raised $7million.
LML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
