"Proceeds of the Issue will primarily be graphite focused and...

"Proceeds of the Issue will primarily be graphite focused and directed at:
- Completion and processing of a Mining Lease application for Lincoln’s wholly owned and high grade Kookaburra Gully graphite project on South Australia’s Eyre Peninsula;
- Ongoing flake graphite metallurgy and pilot plant testing of the Company’s Kookaburra Gully and nearby historic Koppio Mine graphite deposits;
- Detailed geotechnical and water well drilling and bulk sample trenching at the Kookaburra Gully graphite deposit;
- Detailed design and engineering of a graphite processing plant for the Kookaburra Gully project;
- Detailed mine planning and preparation of a Program for Environmental Protection and Rehabilitation;
- Establishing international markets and customers for graphite products from Kookaburra Gully."