Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — Shareholder Meeting (November 2010)
19 slides from Lincoln Minerals's shareholder meeting presentation, Nov 24, 2010
Slide 1: 2010 Annual General Meeting
For personal use only 2010 Annual General Meeting Dr A. John Parker Managing Director 24 November 2010
Slide 2: Disclaimer & Competent Person's Statement
LINCOLN MINERALS LIMITED Disclaimer & Competent Person’s Statement This presentation has been prepared by Lincoln Minerals Limited (“LML") as an aid to a spoken For personal use only explanation. The information contained in this presentation is a professional opinion only and is given in good faith
Slide 3: Lincoln Minerals Limited overview
LINCOLN MINERALS LIMITED Listed on ASX March 2007 116,959,938 Shares + 4,760,000 unlisted Options For personal use only Market capitalisation (November 2010 @ 19 cents/share) $22.2 million Cash on hand October 2010 $2.5 million Located in world class mineral belts (Gawler Craton & Indonesi
Slide 4: Gawler Craton – Location-Location
LINCOLN MINERALS LIMITED Gawler Craton For personal use only “Location-Location” • Portfolio of quality iron ore, uranium, nickel-cobalt, lead-zinc-copper-silver, vanadium and gold projects • 4,610 km2 tenement area • On Eyre Peninsula in the Gawler Craton • A world-class mineral belt • Historically
Slide 5: Gum Flat Iron Ore resources and approvals
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Lincoln Minerals (100%) For personal use only 20km from Port Lincoln (or 80km from proposed new Sheep Hill deep sea bulk commodities port) 103+ million tonne (Mt) iron ore resource Indicated Hematite-Goethite Resource: 1.8 Mt at 51% Fe (54% calcined F
Slide 6: Development Options
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Development Options Hematite For personal use only Stage 1 – Mine & export 0.5 million tonnes per annum (Mtpa) DSO fines (55% Fe) from Port Lincoln Stage 1b – Mine 1 Mtpa and process to produce ~0.35 Mtpa upgraded fines (55% Fe) Magnetite Stage 2
Slide 7: Stage 1 Option – Hematite DSO
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Stage 1 Option – Hematite DSO For personal use only Mine & export 0.5 Mtpa DSO fines (~55% Fe) from Port Lincoln Road transport to Port Lincoln via B-Doubles – 4 trucks/hour, 12 hours a day, 5.5 days/week (1,920 t/day or 10,500 t/week) Upgrade Duck Pond
Slide 8: Gum Flat Iron Ore – Stage 1 Hematite DSO
Gum Flat Iron Ore LINCOLN MINERALS LIMITED Stage 1 – Hematite DSO For personal use only
Slide 9: Stage 1b – Hematite Beneficiation
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Stage 1b – Hematite Beneficiation For personal use only Current defined resources have a planned mine life of only two years based on DSO > 55% Metallurgical testwork – can beneficiate lower grade material (45-55% Fe) to produce a >55% DSO product with
Slide 10: Stage 2 – Magnetite Process Flow Sheet
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Stage 2 – Magnetite Process Flow Sheet For personal use only 10 Mtpa ROM • Mine & export magnetite concentrate (67% Fe) 26% Fe 44% SiO2 from Port Lincoln Crushing Crushing • Transport by either road, rail or slurry pipeline to Port Lincoln Coarse Dry Cobbin
Slide 11: Opex & Capex
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Opex & Capex For personal use only Hematite DSO High Grade Magnetite Concentrate (67% Fe) 0.5 Mtpa 2 Mtpa concentrate Concentrate 55% Fe 67% Fe Grade Slurry Pipeline to Transport Road to PL Road to PL Rail to PL PL Capex A$50 million A$235 million A$250 mil
Slide 12: Timeline
LINCOLN MINERALS LIMITED Timeline Stage 1 DSO Hematite For personal use only 2010 2011 2012 2013 2014 Stage 1 • Drill out • Evaluate Barns DSO • Baseline Studies • Mining Lease • MARP Application • DFS (Stage 1) • Purchase • Groundwater Land Approvals Plant Construction Upgrade Road Remove Overburde
Slide 13: Barns Prospect – Exploration Upside
LINCOLN MINERALS LIMITED Gum Flat Iron Ore For personal use only Barns Prospect Exploration Upside Drilling has focused on central hematite DSO and magnetite Several additional hematite targets Scope for expanded DSO operation Exploration Targets 150-250 Mt magnetite ore @ 22-28% Fe (20-25%
Slide 14: Offtake Agreement – Jiangyin Huaxi Steel
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Offtake Agreement Jiangyin Huaxi Steel Co., Ltd For personal use only Memorandum of Understanding (MOU) signed April 2010 Direct investment at 55 cents per share ($8.25 million for 15 million shares) Negotiating an Off-take Agreement for at least 50%
Slide 15: Eurilla Iron Ore & Uranium
LINCOLN MINERALS LIMITED Eurilla Iron Ore & Uranium For personal use only Lincoln Minerals (100%) Eurilla South Iron Ore (Wilcherry) Outcrop or shallow cover over Proterozoic BIF Inferred Resource (hematite & magnetite) 21.7 Mt @ 33.3% Fe Manganese up to 17.5% Mn Priority exploration targets
Slide 16: Cockabidnie Nickel Cobalt
LINCOLN MINERALS LIMITED Cockabidnie Nickel Cobalt For personal use only (all minerals except iron ore) Drilling at Cockabidnie (Campoona Syncline) has identified up to 1.15% Ni & 0.33% Co within saprolitic clay above weathered gabbro Lateritic-saprolite style mineralisation Up to 2.4% Pb+Zn,
Slide 17: Lincoln Minerals Asia-Pacific Limited – Indonesia
LINCOLN MINERALS LIMITED LINCOLN ASIA-PACIFIC For personal use only LIMITED Lincoln Minerals (100%) Looking at numerous opportunities in Indonesia Manganese in western Timor (up to 55% Mn) Iron ore and iron sands in Flores Iron ore in Kalimantan Heads of Agreement signed on 4 projects Ha
Slide 18: Western Timor manganese reconnaissance
LINCOLN MINERALS LIMITED LINCOLN ASIA-PACIFIC For personal use only LIMITED Lincoln Minerals (100%) Reconnaissance mapping and sampling in western Timor Up to 55% Mn along a 4km long zone of mineralisation Shallow surface outcrops
Slide 19: Summary
Summary LINCOLN MINERALS LIMITED Lincoln Minerals Limited For personal use only Focussing on development of initial hematite-goethite DSO mine at Gum Flat within 2 years Potential to be a low operating cost DSO operation $50-$60 per tonne margin Lowest Opex in SA Off-take Agreement with Chinese Stee
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