Lincoln Minerals Limited · ASX:LML

Lincoln Minerals — Investor Presentation (November 2013)

24 slides from Lincoln Minerals's investor presentation, Nov 28, 2013

1. Slide 1: Kookaburra Gully Graphite

   KOOKABURRA GULLY GRAPHITE For personal use only In South Australia’s Eyre Peninsula a world class high grade flake graphite province Dr A. John Parker November 2013 LINCOLN MINERALS LIMITED ASX : LML www.lincolnminerals.com.au Kookaburra Gully Trench 4 12m @ 20.5% graphi=c carbon

2. Slide 2: Important Notice

   Important NoLce This presenta=on has been prepared by Lincoln Minerals Limited (“LML") as an aid to a spoken explana=on. The For personal use only informa=on contained in this presenta=on is a professional opinion only and is given in good faith. Forward-­‐Looking Statements This presenta=on contain

3. Slide 3: Presentation outline

   PresentaLon outline For personal use only 1. South Australia’s Eyre Peninsula – host to 5 Global Top 20 graphite resources 2. Lincoln Minerals Graphite projects 3. Kookaburra Gully High Grade Flake Graphite Resource 4. Project =melines 5. References Lincoln Minerals Limited Emerging Australian Graph

4. Slide 4: Global Graphite Resources

   Global Graphite Resources (Graphite Resource Grades > 10% TGC) For personal use only NORWAY-­‐SWEDEN Skaland, Nunasvaara, CHINA: 70% world produc>on Kringel & Raitajarvi • Heilongjiang Province (NE China) ca. 12-­‐14% TGC CANADA • Shandong Province (near Lac Gueret East & Lac Knife Qingdao) ca. 2-­‐

5. Slide 5: South Australia's Eyre Peninsula

   South Australia’s Eyre Peninsula Australia’s Premier Graphite Province For personal use only Eyre Peninsula Munglinup Lincoln Minerals Limited Emerging Australian Graphite Producer

6. Slide 6: Projects

   Projects For personal use only • Dominant posi=on on Eyre Peninsula - tenements totalling 4,364 km2 - proven world class iron ore & flake graphite province - close to infrastructure • High grade JORC Mineral Resources with significant explora=on upside in a region with a long history of iron ore & gra

7. Slide 7: Presentation outline

   PresentaLon outline For personal use only 1. South Australia’s Eyre Peninsula – host to 5 Global Top 20 graphite resources 2. Lincoln Minerals’ Graphite Projects 3. Kookaburra Gully High Grade Flake Graphite Resource 4. Project Timelines 5. References Historic Koppio Graphite Mine Lincoln Minerals L

8. Slide 8: Lincoln has Graphite Projects

   Lincoln has 5 Graphite Projects For personal use only Project Current Status 2013 -­‐ 2014 • Detailed metallurgical studies • Indicated & Inferred JORC • Customer and market development Mineral Resource KOOKABURRA GULLY • Approval to mine • 2.25 Mt @ 15.0% TGC • Trial mining & pilot plant • Scoping

9. Slide 9: Kookaburra Gully is a Top Global Graphite Resource

   Kookaburra Gully is a Top 10 Global Graphite Resource For personal use only Excluding China & Sri Lankan vein deposits “Kookaburra Gully is a world class deposit capable of delivering near term produc>on at low cost; and there is significant poten>al as we explore major consistent EM anomalies immedi

10. Slide 10: Eyre Peninsula Geology

    Eyre Peninsula Geology • Graphite occurs within Early Proterozoic For personal use only metamorphic sequence of quartzite, banded iron forma=on, marble, schist & gneiss • Upper amphibolite ( to granulite) facies • Mul=ply deformed folded schist sequence Lincoln Minerals Limited Emerging Australian G

11. Slide 11: Presentation outline

    PresentaLon outline For personal use only 1. South Australia’s Eyre Peninsula – host to 5 Global Top 20 graphite resources 2. Lincoln Minerals Graphite projects 3. Kookaburra Gully High Grade Flake Graphite Resource 4. Project =melines 5. References Lincoln Minerals Limited Emerging Australian Graph

12. Slide 12: Kookaburra Gully

    Kookaburra Gully Trench 4 (looking west) For personal use only 20m @ 16.3% C including 12m @ 20.5% C Iden=fied by Pancon=nental Mining in early-­‐mid 1980’s Several trenches excavated north and south of outcropping graphite unit Lincoln Minerals Limited Emerging Australian Graphite Producer

13. Slide 13: Kookaburra Gully Project Summary

    Kookaburra Gully Project Summary For personal use only • World class metamorphic flake graphite resource • Drilling undertaken by Lincoln Minerals in January 2013 • JORC Mineral Resource: • 2.25 Mt Indicated and Inferred at 15% TGC (5% TGC cutoff) • or 3.16 Mt Indicated and Inferred at 11.5% TGC (2% T

14. Slide 14: Kookaburra Gully Geology

    Kookaburra Gully Geology • Graphite flakes disseminated in quartzo-­‐feldspathic mica +sillimanite +garnet For personal use only +carbonate schist with clay near surface replacing muscovite mica • Graphite flake length range 50-­‐1500μm (average 350-­‐500μm) crenulated quartz-­‐mica-­‐ graphite schist

15. Slide 15: Kookaburra Gully Deposit

    Kookaburra Gully Deposit For personal use only • Up to 40% total graphi=c carbon (TGC) 30m @ 20.5% TGC • Mineralisa=on extends from surface to at least 125m below ground level & strike length of at least 500m • Simple open-­‐cut mining opera=on 31m @ 18.5% TGC • Easy to mine 25m @ 18.8% TGC 28m @ 12

16. Slide 16: Metallurgical Studies in Progress

    Metallurgical Studies in Progress ALS-­‐Metallurgy – July-­‐Nov 2013 (ongoing – in progress) For personal use only • Rougher flota=on plus regrind and 4 stages of cleaning to op=mise flowsheet • Aircore drill samples produced 93-­‐96% C concentrates with 91-­‐98% recovery but only 10% flake at +106 mic

17. Slide 17: Kookaburra Gully Conceptual Mining Operation

    Kookaburra Gully ConcepLal Mining OperaLon For personal use only • Small open pit & process plant (cf Uley Tumby Bay Graphite Mine) = small environ footprint Kookaburra Gully • Process 200,000-­‐400,000 tpa ore • Produce 24,000-­‐55,000 tpa of high grade (93-­‐98% TGC) graphite concentrate • No majo

18. Slide 18: Simple Low Cost Processing

    Simple Low Cost Processing 4 stage flotaLon For personal use only Mine, crush incl. flash flota=on, regrind as needed screen & mill then rougher, scavenger & cleaner flota=on cells Thicken, press dry, bag & export Lincoln Minerals Limited Emerging Australian Graphite Producer

19. Slide 19: Significant Exploration Upside

    Significant ExploraLon Upside • >4.5km EM anomaly extending SW For personal use only from Kookaburra Gully • Explora=on Target** of 7 – 20 Mt at Kookaburra Gully Extended • Other significant EM anomalies: • Koppio Mine, Glendara & Pernella • Drilling program approved 2012 Airborne Tempest EM Survey Li

20. Slide 20: Presentation outline

    PresentaLon outline For personal use only 1. South Australia’s Eyre Peninsula – host to 5 Global Top 20 graphite resources 2. Lincoln Minerals Graphite projects 3. Kookaburra Gully High Grade Flake Graphite Resource 4. Project Lmelines 5. References Lincoln Minerals Limited Emerging Australian Graph

21. Slide 21: Summary Timeline – Mine within Years

    Summary Timeline – Mine within 2 Years* 2013 H2 2014 H1 2014 H2 2015 H1 2015 H2 For personal use only Kookaburra Metallurgy & (Kookaburra Secure Sales Mine & Gully Marke=ng Extended Contracts Export Graphite Drilling) Graphite Trial Mining Pilot Plant Mining Lease Build Full Scale Applica=on & PEPR

22. Slide 22: Thank You

    For personal use only THANKYOU Dr. A. John Parker Managing Director LINCOLN MINERALS LIMITED +61 8 8274 0243 Lincoln Minerals Limited Emerging Australian Graphite Producer

23. Slide 23: References

    References For personal use only This presenta=on has been prepared by Lincoln Minerals Limited (“LML") as an aid to a spoken explana=on. The informa=on contained in this presenta=on is based on a number of public statements, Quarterly Reports and ASX releases made by LML: References Lincoln Mineral

24. Slide 24: Kookaburra Gully Resources

    Kookaburra Gully Resources For personal use only Mt = million tonnes TGC = Total Graphi>c Carbon NB tonnages may not add up exactly as shown due to rounding of significant figures Lincoln Minerals Limited Emerging Australian Graphite Producer

Lincoln Minerals — Investor Presentation (November 2013) on 6ix