China bankrolls Gum Flat buyback

EMERGING South Australian iron ore producer Lincoln Minerals has received a cash injection of $A8.2 million following a sale of its shares to a Chinese steel mill and has locked in an offtake deal for half the ore from its flagship Gum Flat property.

China bankrolls Gum Flat buyback China bankrolls Gum Flat buyback China bankrolls Gum Flat buyback China bankrolls Gum Flat buyback China bankrolls Gum Flat buyback

Jiangyin Huaxi Steel Co subscribed for 1.5 million shares at 55c each and a further 13.5 million shares at the same price under a two-part heads of agreement signed today.

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