About 100km across the Spencer Gulf, on the western seaboard of the Yorke Peninsula, the township of Moonta hosted the Moonta Mine, which, from 1875 to 1923 was the biggest producer of copper for the British Empire, accounting for more than 30 per cent of its supply.

Minbrie also benefits from its proximity to infrastructure, including export terminals such as Port Pirie and major road transport routes and utilities, which may reduce potential development costs. The prospect is also a quick barge trip away from Nyrstar’s Port Pirie multi-metals processing facility which has been in continuous operation for more than 130 years.

Lincoln Minerals CEO Jonathon Trewartha said: “The exceptional assay results from Minbrie are another example of the quality of Lincoln’s exploration tenement portfolio and demonstrate the potential of a significant copper and base metal system. With copper’s pivotal role in the green energy transition, this project represents a significant opportunity for Lincoln and our shareholders.”

With the newfound results at hand, Lincoln is pushing out the boats to get all the relevant land access permits and clearances sorted, expected by the first quarter of 2025. Drilling will commence shortly thereafter. The unassayed sections of the previous drill cores will be re-evaluated to see what other secrets the samples may hold.

The company will then plan a focused 2-3 drill hole program for early 2025 to define the mineralisation’s geometry and extent.

Although its most recent focus has been on its giant Green Iron magnetite project, the high-grade Kookaburra graphite project and its uranium exploration portfolio - all on the Eyre Peninsula - the discovery of highly mineralised massive sulphides at its Minbrie prospect has serious potential for the company.

Not only was the discovery almost free, the style of mineralisation and the structural setting tick all the early boxes for an explorer such as Lincoln that is looking for a significant find.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au