Lincoln Minerals

What Lincoln Minerals does

Lincoln Minerals Limited is a publicly listed Australian mining and mineral exploration company headquartered in Perth, with operations focused on South Australia's Gawler Craton region. The company's primary asset is the Minbrie Copper Project, which hosts a 7km mineralised system with multiple sulphide zones and is currently advancing through a drilling programme funded by a AUD 3.1 million share placement completed in June 2026. Beyond copper, Lincoln Minerals is developing a Green Iron Production Initiative that leverages hydrogen direct reduction and electrolytic technologies, positioning the company within Australia's emerging low-carbon iron sector targeting Asian steel manufacturers.

The company operates with a small team of 11-50 employees and uses an event-driven go-to-market approach, engaging capital markets through investor showcases such as the scheduled Gold Coast Investment Showcase appearance in June 2026. Its business model is commodity-based: revenue, once generated, will derive from direct sales of copper minerals and green iron products into global commodity markets and to industrial buyers, with pricing determined by international commodity benchmarks rather than proprietary pricing tiers.

Lincoln Minerals is supported by the Australian federal government's billion-dollar Green Iron Fund and aligned with South Australian state policy frameworks, providing regulatory and financial backing for its green iron development. The company is pre-revenue, with its near-term value driver being successful drilling outcomes at Minbrie and progression of the green iron initiative toward demonstration or commercial scale. No parent company, subsidiaries, or major institutional shareholders are disclosed in the available data.

Name

Lincoln Minerals

Legal name

Lincoln Minerals Limited

Website

https://lincolnminerals.com.au

Company type

Public

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

Lincoln Minerals is a publicly listed Australian mineral exploration company advancing the Minbrie Copper Project in South Australia and a green iron production initiative, targeting industrial commodity markets and Asian steel manufacturers.

Ownership category

akta.pro rank

Product category

Mineral Exploration and Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Iron Ore Mining (212210)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

Keywords

• Copper exploration
• Critical minerals mining
• Green iron production
• Mineral development
• Commodity extraction

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Personnel, Infrastructure, Supply Chain

Revenue model

1. Copper Mining Operations: Revenue generated from exploration, extraction, and sale of copper minerals from the Minbrie Copper Project in South Australia's Gawler Craton region. The company secures project funding through share placements and will generate revenue from copper sales upon successful extraction.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Lincoln Minerals is a mining and mineral exploration company that develops critical minerals assets, primarily advancing the Minbrie Copper Project in South Australia's Gawler Craton region through exploration, drilling, and eventual extraction of copper. The company is also participating in South Australia's Green Iron Production Initiative, which uses hydrogen direct reduction and electrolytic technologies to produce low-carbon green iron for steelmaking and export markets.

Product overview

Lincoln Minerals is a mining exploration and development company operating primarily in South Australia. The company's portfolio consists of two key initiatives: the Minbrie Copper Project, an advanced copper exploration project in the Gawler Craton with a 7km mineralised system, and a Green Iron Production Initiative focused on hydrogen-based direct reduction and electrolytic technologies for the emerging green iron export market. These projects target critical minerals and green energy transition metals for domestic and export markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Minbrie Copper Project A copper exploration and development project located in South Australia's Gawler Craton region, hosting a 7km mineralised system with multiple sulphide zones. The project is advancing through drilling activities funded by a $3.1 million share placement, targeting industrial buyers and commodity markets for eventual copper sales.
• Green Iron Production Initiative A South Australian green iron production initiative leveraging hydrogen direct reduction and electrolytic technologies, positioned within Australia's emerging green iron sector targeting Asian export markets with projected annual capacity of 100+ million tonnes by 2040. Designed to supply low-carbon iron feedstock to steel manufacturers seeking decarbonisation of their supply chains.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Renascor Resources: Renascor Resources is an ASX-listed graphite developer with the Siviour Graphite Project in South Australia. It is a direct analogue to Lincoln Minerals' historical graphite focus given shared commodity, geography, and development-stage profile.
• Coda Minerals: Coda Minerals is an ASX-listed copper-cobalt explorer with the Elizabeth Creek Project in South Australia. Like Lincoln Minerals, it is a small-cap copper explorer operating in the same Gawler Craton-adjacent region with exposure to IOCG-style mineralisation.
• Iron Road: Iron Road is an ASX-listed developer of the Central Eyre Iron Project in South Australia, focused on iron ore for steelmaking. It is a direct peer to Lincoln Minerals' green iron initiative, sharing both geography and the iron ore-to-steel value chain.

Broad incumbents

• BHP Group: BHP is the world's largest diversified miner with significant copper and iron ore operations including in South Australia (Olympic Dam). It is a broad incumbent that competes for talent, permits, and capital in the same commodities and region as Lincoln Minerals.
• South32: South32 is an ASX-listed diversified miner with copper, zinc, and other base metals exposure. Its portfolio breadth and ASX listing make it a relevant comparable for base and critical minerals exposure, though at significantly larger scale.
• Fortescue: Fortescue is a major Australian iron ore producer actively pursuing green hydrogen and green iron initiatives. It is a broad incumbent competing with Lincoln Minerals in the green iron opportunity space and has materially greater financial and technical resources.

Emerging players

• Kopore Metals: Kopore Metals is an ASX-listed copper and silver explorer with projects in Botswana and Australia. It is an emerging player with a comparable small-cap copper exploration profile, though operating in a different geography.
• Argonaut Resources: Argonaut Resources is an ASX-listed copper and gold explorer with interests in Australia. It is an emerging player with similar small-cap exploration-stage dynamics to Lincoln Minerals, with comparable copper exposure.

Regional players

• Havilah Resources: Havilah Resources is a South Australian multi-commodity explorer and developer with copper, gold, and iron ore projects. It is comparable to Lincoln Minerals as a regional miner operating in the same South Australian geology with overlapping commodity exposure.
• Andromeda Metals: Andromeda Metals is an ASX-listed mineral developer with projects in South Australia, including critical minerals. It is a regional peer sharing South Australian geology and similar small-cap development-stage dynamics.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lincoln Minerals