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LINCOLN MINERALS LIMITED (LML)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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Our website ranking of LML: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Adelaide
Level 5, 115 Grenfell Street, Adelaide SA 5000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000LML2
Address: Suite 3215, Level 14 / 333 Collins Street, Melbourne, Vic, 3000
Tel:  +61 3 9191 4007

Date first listed: 09/03/2007
Company Secretary: Andrew Metcalfe
Sector: Materials Industry Group: XMJ
Activities: Uranium, base metals, gold, iron ore and iron oxide copper-gold-uranium (IOCGU) exploration projects

News & Events

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The suspension of trading in the securities of Lincoln Minerals Limited is expected to be lifted from the commencement of trading on Friday, 20 January 2023 following the completion of the Rights Issue and LML meeting all the conditions of reinstatement to ASX's satisfaction.

19/01/2023

Lincoln anticipates reinstatement to trading status on Friday 20th January 2023. anticipates reinstatement to trading status on Friday 20th January 2023. Lincoln has completed the Rights Issue and has issued 770,478,122 ordinary shares fully paid at an issue price of $0.006 per share under the new ASX code LMLND and has communicated to the ASX that it has completed the relevant conditions for reinstatement under Listing Rule 12.1 and 12.2. Consistent with the Replacement Prospectus dated 20 December 2022, the Company has working capital of approximately $2.8M to fund its exploration and administration budget in the manner set out in the Replacement Prospectus.

19/01/2023

The company releases a Disclosure Document for the range of units - LML and LMLND.

19/01/2023

The company releases the Top 20 securityholders - LML and LMLND.

19/01/2023

The company releases a notice of application for quotation of securities.

18/01/2023

A total of 770,478,122 new ordinary fully paid shares will be issued under the Company's non-renounceable pro-rata rights issue offer of ordinary shares. As a result of the Quantum Graphite Limited offer made for LML shares that existed on 10 August 2022, the new ordinary shares will be issued under the ticker LMLND. The new class of fully paid ordinary shares will trade separately from the main class of LML shares. When QGL's offer ends, ASX will fold the new class of shares into the main class of LML shares. QGL's offer is currently scheduled to end on 31 January 2023, unless extended.

18/01/2023

The Company's non-renounceable pro-rata rights issue offer of 67 new shares for every 50 shares closed at 5:00pm (Melbourne time) on 9 January 2023. The Company eceived valid applications from eligible shareholders (including shortfall applications) in respect of 209,283,119 shares under the Rights Issue, raising a total of $1,255,698.71 before costs. The total number of shares offered under the Rights Issue is 770,478,139 shares, resulting in a shortfall of 561,195,020 shares under the Rights Issue. The Company propose to issue the Rights Issue shares and Shortfall Shares on Tuesday, 17 January 2023.

12/01/2023

The company releases a notice of proposed issue of securities.

12/01/2023

On 2 December 2022, the Panel received an application from Quantum Graphite Limited seeking a review of the initial Panel's decision in Lincoln Minerals Limited 02 & 03. The review Panel decided to affirm the decision of the initial Panel and declined to make a declaration of unacceptable circumstances.

04/01/2023

The company issues a replacement rights issue prospectus.

20/12/2022

The offer closing date has been further extended to 9 January 2023.

19/12/2022

High resolution TEMPEST airborne electromagnetic and magnetic data reprocessed and interpreted over Lincoln Minerals' Kookaburra Gully Graphite Project. Excellent correlation with mapped surface geology and drilling results to date. Six electromagnetic targets were identified for further data modelling. New interpretation has resulted in prospect definition and prospect ranking prior to 2023 drilling program. Further detailed ground electromagnetic surveys to be undertaken prior to drilling.

16/12/2022

Lincolm Minerals has further extended the closing date (and subsequent dates) of its non-renounceable rights issue by one business day while it finalises lodgement of the replacement prospectus.

16/12/2022

Quantum has determined to extend the period during which the Offer will remain open for acceptance until 7.00pm (Melbourne time) on 31 January 2023.

16/12/2022

The company as further extended the closing date (and subsequent dates) of its non-renounceable rights issue ) while it is in the process of finalising the replacement prospectus. The closing date is now 21 December 2022.

13/12/2022

The Company is in discussions with the ASIC regarding certain supplementary disclosures which the Company proposes to make in respect of the Rights Issue prospectus lodged 24 November 2022. It is anticipated these disclosures will be made by way of a replacement prospectus to be lodged shortly. The extension of the Rights Issue will allow the Company to make the additional disclosure referred to above and also provide an opportunity for the resolution of the Takeover's Panel review application announced 2 December 2022. The closing date will be on 16 December 2022.

08/12/2022

The Panel has received an application from Quantum Graphite Limited seeking a review of the Panel's decision in Lincoln Minerals Limited 02 & 03. A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.

02/12/2022

The company releases the Results of Meeting for its AGM 2022.

29/11/2022

The Panel has declined to make a declaration of unacceptable circumstances in response to applications dated 27 October 2022 and 31 October 2022 from Olary Holdings Limited and Quantum Graphite Limited (respectively) in relation to the affairs of Lincoln Minerals Limited. The applications concerned Lincoln's pro-rata rights issue to eligible shareholders of 67 new shares for every 50 shares held at an issue price of $0.006 per new share to raise approximately $4.6 million.

29/11/2022

The company releases a Supplementary Target's Statement.

29/11/2022

The company releases an updated non-renounceable rights issue timetable following lodgement of prospectus.

24/11/2022

The company releases a prospectus for a non-renounceable pro-rata rights issue offer to Eligible Shareholders of 67 new shares for every 50 shares held at the Record Date at an issue price of $0.006 (0.6 cents) per New Share to raise approximately $4.6 million before costs.

24/11/2022

The company releases an updated non-renounceable rights issue timetable.

11/11/2022

In relation to the off-market takeover bid by Quantum Graphite Limited for all of the ordinary shares in Lincoln Minerals Limited, Quantum has determined to extend the period during which the Offer will remain open for acceptance until 7.00pm (Melbourne time) on 23 December 2022.

11/11/2022

The company provides an updated non-renounceable rights issue timetable.

03/11/2022

The company releases a supplementary target's statement.

01/11/2022

The company releases its Corporate Governance Statement and Appendix 4G.

01/11/2022

The Panel has received an application from Quantum Graphite Limited in relation to the affairs of Lincoln Minerals Limited. Quantum seeks interim orders including that Lincoln address the alleged disclosure deficiencies in the target's statement, the rejection statement announcement and with respect to the entitlement offer. Quantum seeks final orders that Lincoln not proceed with the entitlement offer unless certain conditions are met including that Lincoln obtain an independent valuation and that shareholder approval be obtained for Australia Poly Minerals Investments Pty Ltd to sub-underwrite the entitlement offer.

31/10/2022

The company releases the results of its AGM.

31/10/2022

The President of the Panel has declined to make an interim order delaying the annual general meeting scheduled for today in response to an application dated 27 October 2022 by Olary Holdings Limited in relation to the affairs of Lincoln Minerals Limited.

31/10/2022

The company's AGM will be held at 353 Burwood Highway, Forest Hill, Victoria , 3131 Tuesday, 29 November 2022 at 2.00pm (AEDT).

31/10/2022

The Panel has received an application from Olary Holdings Limited in relation to the affairs of Lincoln Minerals Limited. Olary seeks an interim order to the effect that the date of the 2021 AGM, currently scheduled for 31 October 2022, be delayed to a date that is the later of 7 December 2022 or the end of the Panel proceedings. Olary seeks a final order that the Entitlement Offer not proceed "on its current terms without further fulsome information to shareholders".

28/10/2022

The company releases a letter to its shareholders regarding an important request. The board requests approval of the rights issue to raise approximately $4.6M to recapitalise the company, ensure ongoing viability and allow the company to extract significant value from its portfolio of graphite assets in South Australia.

26/10/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

26/10/2022

The company has sought and received intention statements from Poly Minerals Investments Limited, Poan Group Holdings, Good Make Inc, and Regal Fortress Inc, all substantial shareholders holding 19.91%, 13.12%, 10.21% and 9.04% of ordinary shares in the company, respectively. These shareholders have indicated that they reject the takeover offer made by Quantum Graphite Limited at the current price of 1 QGL share for every 40 LML shares, and remain committed to their investments in LML.

24/10/2022

The company lodges its June 2022 Annual Report to shareholders.

17/10/2022

The company lodges its December 2021 Half Year Accounts.

14/10/2022

Regarding the Quantum off-market takeover bid, Quantum has determined to extend the period during which the offer will remain open for acceptance until 7.00pm (Melbourne time) on 18 November 2022.

13/10/2022

The company releases a supplementary AGM/proxy form.

12/10/2022

The Panel has consented to a variation to the undertaking given by Lincoln Minerals Limited in the Lincoln Minerals Limited proceedings.

10/10/2022

The company has lodged its target's statement in response to Quantum Graphite's off-market scrip takeover for all of the ordinary shares in LML. LML's board of directors unanimously recommends that LML shareholders REJECT the offer.

05/10/2022

Lincoln Minerals intends to conduct a fully underwritten rights issue to raise approximately $4.6M (before costs). The proposed Rights Issue to be conducted on the basis of an entitlement of 1.34 new shares for every 1 share held at an issue price of $0.006 per share. Jigsaw Investments Pty Ltd (Jigsaw) will act as underwriter of the proposed Rights Issue and post completion is anticipated to become a strategic and substantial investor in Lincoln Minerals. Funds raised will be used to provide capital for the company's exploration programme with primary focus on the Kookaburra Gully Graphite Project and to repay the working capital loan advanced by Australian Poly Minerals Investments Pty Ltd (APMI). The recapitalisation is anticipated to be achieved prior to the ASX lifting the suspension in trading in the Company's shares, which the Company is working to achieve at the earliest possible time.

27/09/2022

The company lodges QGL's First Supplementary and Replacement Bidder Statement.

06/09/2022

The Company provides an operational and strategic update. LML is focused on realising value for shareholders through works being undertaken on the Kookaburra Gully Graphite project. Following the Takeovers Panel ruling of 12 April 2022, Lincoln has worked with the ASX and an agreed timetable that aims for a re-listing later this year, subject to successful submissions showing the ASX adequate levels of operations and financial condition to enable requotation of the Company's shares. The Board has recommended that shareholders REJECT the Quantum offer by taking no action. The Company is working to develop and execute a vision and strategy to become a vertically integrated graphite producer and end products, such as batteries, which can harness the electrical power which will reduce world reliance on carbon producing energy. LML is well positioned to take advantage of the expected increase in demand for critical minerals and robust supply chains. Graphite production from Kookaburra Gully will pave the way for LML to increase the scope of its business by exploring value-add opportunities for the graphite it produces. The immediate priority remains the relisting of LML on the ASX. LML is working on a range of activities focussed on advancing the Kookaburra Gully project and delivering a graphite producing asset. As part of its relisting, LML is exploring a rights issue, fully underwritten, to give current shareholders the best chance to leverage and unlock the potential up-side value in the company's graphite and associated mineral interests.

23/08/2022

Quantum Graphite Limited give notice that it has specified 7.00pm (AEST) on 10 August 2022 as the date for the purposes of determining the persons to whom information must be sent under items 6 and 12 of the table in section 633(1) of the Corporations Act, in relation to the Company's Takeover Offer.

15/08/2022

LML's board of directors has considered QGL's proposal and does not support the Offer. The board recommend that shareholders DO NOT ACCEPT the Offer, as the asserted implied value of the offer fails to recognise the inherent value of LML, and the directors cannot be certain that the implied value asserted by QGL is sustainable.

12/08/2022

LML's board of directors will meet to consider QGL's proposed offer shortly. At this stage, LML shareholders are advised to take NO ACTION with regard to their shareholding until they have had the opportunity to review QGL's bidder's statement, receive and review LML's target's statement and receive information from the Board.

10/08/2022

Quantum Graphite Limited issues a bidder's statement to purchase all ordinary shares in Lincoln Minerals for the offer price of one Quantum Graphite share for every 40 of shareholders' Lincoln Minerals shares.

09/08/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

13/07/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

26/04/2022

The Panel has declined to conduct proceedings on an application from Olary Holdings Limited in relation to the affairs of Lincoln Minerals Limited after accepting an undertaking from LML. The Panel had significant concerns around the level of disclosure in Lincoln's Notice of AGM in respect of the resolution which sought shareholder approval to issue the Notes to APMI. The Panel was satisfied its concerns were sufficiently addressed by the undertaking and that there was no reasonable prospect that it would make a declaration of unacceptable circumstances. Accordingly, the Panel declined to conduct proceedings.

07/03/2022

The company advises of an error reported in the market announcement made on 23 December 2021 titled "convertible note funding." The correct terms of conversion of the Convertible Note are: Conversion Price: the higher of: $0.005; and a 15% discount to the issue price of shares and/or the exercise price of any options offered under any capital raising(s) completed by the Company of greater than $500,000 prior to the Maturity Date.

02/03/2022

The company releases its Appendix 4G and Corporate Governance Statement.

02/03/2022

The Annual General Meeting that was planned to be held on 25 February 2022 and postponed to 16 March 2022, has once again been postponed.

24/02/2022

The Annual General Meeting (AGM) due to be held on Friday 25 February 2022, has been postponed to Wednesday 16 March 2022 commencing at 10am (AEDT).

21/02/2022

The Panel has received an application from Olary Holdings Limited in relation to the affairs of Lincoln Minerals Limited. On 22 December 2021, LML announced on ASX that it will issue convertible notes to raise $1.6m, subject to necessary approvals. The applicant alleges, among other things, that: the convertible note is to be issued at "an extremely low price" and conversion of the convertible note would give Australia Poly Minerals Investments Pty Ltd, a company associated with Mr James Tenghui Zhang, a relevant interest in LML of 48.55%.

10/02/2022

The company lodges its Annual Report to shareholders.

31/01/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

25/01/2022

The company's AGM will be held virtually on 25 February 2022 at 11:30am (AEDT).

21/01/2022

The company releases its response to ASX Appendix 3X and Appendix 3Z Query Letter.

18/01/2022

The company releases a notice of proposed issue of securities.

23/12/2021

The Company's major shareholder has agreed to subscribe for unsecured Convertible Notes in the Company to the value of $1.6M to fund the Company's ongoing exploration program and meet working capital requirements.

23/12/2021

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

29/10/2021

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

29/07/2021

The company lodges its Quarterly Activities and Cashflow Report March 2021.

28/04/2021

The company lodges its Half Year Report.

16/03/2021

The company lodges its Quarterly Activities and Cashflow Report December 2020.

25/01/2021

The company releases the results of its 2020 Annual General Meeting and Constitution.

25/11/2020

The company's virtual AGM will be held on 25 November 2020 at 11:30am (AEDT).

23/10/2020

The company releases a letter to shareholders in relation to the 2020 AGM.

23/10/2020

The company lodges its Quarterly Activities and Cashflow Report September 2020.

20/10/2020

The company releases an Appendix 4G and Corporate Governance Statement.

29/09/2020

The company lodges its 2020 Annual Report to Shareholders.

29/09/2020

The securities of Lincoln Minerals Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3, as ASX has determined that LML's operations are not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.1. The suspension will continue until LML is able to demonstrate compliance with Listing Rule 12.1 of the Listing Rules.

21/09/2020

The company's securities will be suspended commencing Monday 21 September 2020 until further notice. Lincoln has received a letter from ASX requiring that the company demonstrate to the ASX that it is compliant with Listing Rule 12.1 "the level of an entity's operations must, in ASX's opinion, be sufficient to warrant the continued quotation of the entity's securities and its continued listing".

18/09/2020

The suspension of trading in the securities of Lincoln Minerals Limited (the "Company") will be lifted prior to the commencement of trading on Monday, 23 March 2015, following receipt of the Interim Financial Report for the half-year ended 31 December 2014. Security Code: LML

20/03/2015

suspended following failure to lodge Half Year Accounts for the period ended 31 December 2014 in accordance with Listing rules

17/03/2015

securities reinstated to quotation

01/08/2007

securities suspended from quotation pending an announcement

24/07/2007

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    14/12/2012Allan Parker-120,000$0.071$8,520
    11/12/2012Richard Ryan-50,000$0.066$3,279
    07/12/2012Robert Althoff-21,250$0.071$1,508
    09/08/2012Allan Parker200,000$0.106$21,116

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Ruiyu ZhangNon Exec Chairman30/03/2020
    Jonathon TrewarthaCEO03/11/2023
    Andrew MetcalfeCFO02/03/2023
    Ryan SmithIndependent Director25/07/2023
    Julian BabarczyNon Exec Director01/12/2023
    John LamNon Exec Director01/09/2023

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jason FoleyIndependent Director29/07/202201/09/2023
    Catherine NormanNon Exec Chairman, Interim CEO06/02/202325/07/2023
    Sam BardenInterim CEO06/06/202225/06/2023
    Shalain SinghNon Exec Director29/07/202226/10/2022
    Ross LaturcoNon Exec Director29/07/202226/10/2022
    Michael WylesIndependent Director29/07/202221/10/2022
    Johnson ZhangNon Exec Chairman31/05/201829/07/2022
    Ting Ting GaoNon Exec Director22/12/202129/07/2022
    Tony RaunicNon Exec Director12/01/202122/12/2021
    James ZhangNon Exec Chairman17/02/201629/07/2021
    Jarek KopiasCFO30/11/201115/06/2021
    Grace TsuiManaging Director, CEO17/08/202012/01/2021
    Kee Guan SawNon Exec Director18/09/201320/11/2020
    Zhuojia LiuNon Exec Director29/11/201907/07/2020
    Salvatore MatarazzoManaging Director, CEO15/08/201919/03/2020
    Eddie PangNon Exec Director01/12/201325/11/2019
    Haifeng ZhuNon Exec Director31/05/201804/11/2019
    Eric ZhangNon Exec Director29/11/201723/02/2018
    Allan ParkerManaging Director, CEO16/10/200602/01/2018
    Jin YuboNon Exec Chairman18/09/201324/10/2017
    Alex LimNon Exec Director01/12/201302/07/2015
    Sze Wan ChanNon Exec Director28/02/201201/12/2013
    Kwang Hou HungDeputy Chairman, Non Exec Director23/01/201321/11/2013
    Eng LimNon Exec Director05/10/201021/11/2013
    Robert AlthoffNon Exec Director05/07/200519/09/2013
    Richard RyanNon Exec Chairman10/11/200618/09/2013

    Date of first appointment, title may have changed.