Lincoln Minerals is leveraging South Australia’s recently announced Green Iron and Steel Strategy as it develops its Green Iron project.
The Green Iron and Steel Strategy, which could generate $3 billion annually for the state’s economy, is exploring the establishment of green iron production facilities in the Upper Spencer Gulf, including a new 2.5 million tonne per annum direct reduction green iron plant.
The first phase of Lincoln’s partnering process is nearing completion and has seen the company assemble a senior internal specialist team with extensive knowledge of the Green Iron project.
The team has conducted an initial assessment and review of project parameters, establishing a comprehensive data pack for potential partners.
Lincoln said it had quickly assessed a substantial volume of project and technical data, minimising the time to have first discussions with interested parties.
Having a thorough assessment undertaken by a working group with extensive project knowledge has also enabled Lincoln to identify potential project risks and set the scope for various development scenarios.
A formal presentation for potential partners that outlines the project’s scope and details is expected to be released in the coming weeks.
Lincoln has also initiated discussions with key South Australian government agencies to align with the state’s Green Iron and Steel Strategy, which aims to position South Australia as a leader in decarbonised steelmaking.
The Green Iron and Steel Strategy doesn’t just explore the potential of green iron production but also development of upstream magnetite production in South Australia. This is where Lincoln’s Green Iron project can play an important role.
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