Lincoln Minerals Identifies Multiple Yallunda Project Uranium Anomalies

THE DRILL SERGEANT: Lincoln Minerals (ASX: LML) has detected multiple uranium anomalies at the company’s Yallunda uranium project located on the Eyre Peninsula, South Australia.

Lincoln Minerals recently carried out a sampling program across Exploration Tenements EL6648, EL5922, and EL6024 on the project that delivered promising assay results, highlighted by the uranium anomalies, which it considers to confirm the project’s potential for future discovery.

“Initial results from our assaying program at Yallunda are very encouraging, highlighting multiple uranium anomalies and confirming contact between the Moody Suite granites and the Hutchison Group metasediments,” Lincoln Minerals CEO Jonathon Trewartha said in the company’s ASX announcement.

“In particular, soil sample YD38 has highlighted a uranium-vanadium-molybdenum anomaly, and these are characteristic of redox-controlled uranium mineralisation, therefore providing a further follow up target.”

Soil sample YD38 exhibited notable multi-element anomalies, including:
• Uranium: 11.5ppm
• Vanadium: 380ppm
• Molybdenum: 36ppm

“We are planning a more comprehensive exploration program at Yallunda to commence in the second half of 2025 to map key lithological boundaries, undertake further geochemical sampling as well as geophysical surveys which will help us define potential mineralised zones,” Trewartha continued

“South Australia holds significant uranium resources and existing mining operations for uranium, and we look forward to providing updates on our work at Yallunda.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE