Lincoln Minerals’ (ASX:LML) share price has increased by 20% today (18 September) on the Australian Securities Exchange (ASX).
Shares are now priced at $0.012, increasing from $0.010 at the end of trading yesterday.
Lincoln has 2.9 billion shares on issue and a market capitalisation of $34.53 million.
In early August, Lincoln confirmed that mineralisation at the Eagle Ridge discovery within the Minbrie Copper Project in South Australia continues up dip.
This finding is expected to support upcoming diamond drilling planned for the December quarter.
The company recently completed 25 aircore holes for 1,632m across the project on the Eyre Peninsula, with three holes drilled at the Eagle Ridge discovery.
Lincoln Minerals is a South Australian mineral exploration and development company focused on copper, graphite, silver, and other base metals.
Continuing positivity in the markets, the S&P/ASX 200 is up 11.1 points today, equating to a 0.13% increase.
The materials sector is up 1.29% today, making it the best-performing sector.
The bourse is led by PDI Gold (ASX:PDI) as a major gainer, up 17.96% after being among the bottom-performing stocks yesterday.
Write to Maddison Elliott at Mining.com.au
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