Lincoln's Green Iron Project: Pioneering South Australia's Green Steel Vision
Key Ideas
- Lincoln's Green Iron project in South Australia traces back to an inheritance in 2108, with significant investments leading to a comprehensive government submission for a green steel plant.
- The project aligns with South Australia's goal to become a global leader in decarbonised steelmaking, potentially contributing $3 billion annually to the local economy.
- Lincoln's proposal not only offers a locally sourced and environmentally friendly solution but positions the company at the forefront of the green iron race, backed by geological studies and strong government support.
- Additionally, Lincoln is working on a prefeasibility study for a graphite project, aiming to reboot graphite production in Australia and contribute to the green energy sector.
Lincoln's involvement in the Green Iron project in South Australia has deep roots dating back to 2108 when the company inherited the deposit. The project, which has seen almost $100 million in investments, benefits from previous studies and aims to pioneer the State's green steel vision. The South Australian Government is strategically positioning itself as a global leader in decarbonised steelmaking, with plans for a 2.5 million-tonne per annum green steel plant. Lincoln's proposal aligns with these goals by offering an environmentally sound solution sourced locally, making it a frontrunner in the green iron industry. The company is also working on a prefeasibility study for a graphite project, intending to restart graphite production in Australia. With a robust resource base, proximity to essential infrastructure, and government support, Lincoln's Green Iron project is poised to play a significant role in South Australia's and the world's green steel future. The company's dedication to geological studies and expert teams further solidifies its position in the industry, promising a positive impact on both the local economy and the global push for green energy.