Lincoln Minerals Limited · ASX:LML

Lincoln Minerals — Shareholder Meeting (November 2013)

32 slides from Lincoln Minerals's shareholder meeting presentation, Nov 20, 2013

  1. Slide 1: Emerging Graphite and Iron Ore Producer

    EMERGING GRAPHITE AND For personal use only IRON ORE PRODUCER 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 NoHce 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: Key Messages: Potential for 2 Mines in 2 Years

    Key Messages: PotenHal for 2 Mines in 2 Years For personal use only • Lincoln Minerals is the major mineral acreage holder on South Australia’s Eyre Peninsula, with resources that include a world class flake graphite JORC Mineral Resource and substan=al magne=te and hema=te resources • Lincoln Minera

  4. Slide 4: Presentation outline

    PresentaHon outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite Projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Other Projects 6. Project =melines and conclusion 7. Appendices Lincoln Minerals Limited Emerging Gr

  5. Slide 5: Company Snapshot

    Company Snapshot For personal use only • Ticker code: LML ASX-­‐ listed • 201 million shares on issue • 4,364 km2 explora=on licenses Major acreage holder in • Proven world class flake graphite and iron ore province minerals rich Eyre • Other minerals include copper, lead, zinc, silver, nickel-­‐coba

  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

    PresentaHon outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite Projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Other Projects 6. Project =melines and conclusion 7. Appendices Lincoln Minerals Limited Emerging Gr

  8. Slide 8: Gum Flat Iron Ore Barns Deposit

    Gum Flat Iron Ore Barns Deposit For personal use only LocaHon • 20km from Port Lincoln Development Plan • Mine and export 250,000 tonnes per annum hema=te-­‐goethite DSO & upgraded fines • 4-­‐5 year mine life • Staged groundwater extrac=on consistent with Southern Basins’ Water Alloca=on Plan • Pote

  9. Slide 9: Gum Flat Iron Ore Barns Deposit: Infrastructure and Milestones

    Gum Flat Iron Ore Barns Deposit Infrastructure Requirements/Impacts For personal use only • Duckpond Road & intersec=on at Western Approach Road to be upgraded • Other roads are registered double road train routes • 12-­‐15 double road trains per day • Water – available onsite from mine dewatering (

  10. Slide 10: Presentation outline

    PresentaHon outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite projects 4. Kookaburra Gully High Grade Flake Graphite Project 5. Other Projects 6. Project =melines and conclusion 7. Appendices Lincoln Minerals Limited Emerging Gra

  11. Slide 11: Graphite

    Graphite Graphite is an industrial mineral, a form of carbon, with For personal use only numerous applicaHons and rising demand drivers US$13 billion global market • Excellent conductor of heat and electricity • Highest natural strength and s=ffness to extremely high temperatures • Widespread uses: p

  12. Slide 12: Lincoln has Graphite Projects

    Lincoln has 5 Graphite Projects Project Current Status 2013 -­‐ 2014 For personal use only • 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

  13. Slide 13: Kookaburra Gully is a World Class Flake Graphite Resource

    Kookaburra Gully is a World Class Flake Graphite Resource JORC Mineral Resource: • 2.25 Mt Indicated and Inferred at 15% TGC (5% TGC cutoff) For personal use only • or 3.16 Mt Indicated and Inferred at 11.5% TGC (2% TGC cutoff) Excluding China & Sri Lanka vein deposits “Kookaburra Gully is within the

  14. Slide 14: Kookaburra Gully Deposit

    Kookaburra Gully Deposit • Iden=fied by Pancon=nental Mining in For personal use only 1980s and drilled in Jan. 2013 by LML 30m @ 20.5% TGC • Graphite flake length 50-­‐1500 micron • Up to 40% total graphi=c carbon (TGC) • Mineralisa=on extends from surface to at least 125m below ground level & strike

  15. Slide 15: Kookaburra Gully Conceptual Mining Operation

    Kookaburra Gully ConcepHal Mining OperaHon 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-­‐97% TGC) graphite concentrate • No majo

  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: Significant Exploration Upside

    Significant ExploraHon Upside • Airborne Tempest EM survey 2012 For personal use only • >4.5km EM anomaly extending SW 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 Li

  18. Slide 18: Kookaburra Gully Summary

    Kookaburra Gully Summary For personal use only • Global Top 10 flake graphite resource • 2.25 million tonnes at 15% TGC crenulated quartz-­‐mica-­‐ • Shallow, easy to mine and process graphite schist __ 100 µm • Highly sought aver premium flake graphite produced at grades of 93-­‐97% TGC aver 4 stage

  19. Slide 19: Presentation outline

    PresentaHon outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Other Projects 6. Project Timelines and Conclusion 7. Appendices Lincoln Minerals Limited Emerging G

  20. Slide 20: Other Projects

    Other Projects Mine For personal use only Reserves Feasibility Kookaburra Studies Barns Hem Gully & MagneHte Graphite Scoping Studies Koppio Resources Eurilla Fe Graphite Eurilla U Minbrie Cu ExploraKon Drill Eurilla Cu Pb Zn Cockabidnie Ni Co Prospects Cummins Fe Campoona Syncline Gr Cockabidnie Cu

  21. Slide 21: Presentation outline

    PresentaHon outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Other Projects 6. Project Hmelines and conclusion 7. Appendices Lincoln Minerals Limited Emerging Gr

  22. Slide 22: Summary Timelines – Target Mines in Years

    Summary Timelines – Target 2 Mines in 2 Years* 2013 H2 2014 H1 2014 H2 2015 H1 2015 H2 For personal use only Barns Stage 1 Groundwater HemaHte Approvals Mining Lease Remove Mine & Export DSO Hema=te Applica=on & PEPR Overburden Kookaburra Metallurgy & Secure Sales Mine & Gully Marke=ng Contracts Exp

  23. Slide 23: Thank You

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

  24. Slide 24: Appendices: References

    Appendices This presenta=on has been prepared by Lincoln Minerals Limited (“LML") as an aid to a spoken For personal use only 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

  25. Slide 25: Growth of Iron Ore Assets

    Growth of Iron Ore Assets • Since 2007 Lincoln Minerals has grown its iron ore poten=al & explora=on targets For personal use only • And established significant Inferred and Indicated Resources at Gum Flat & Eurilla ** It is emphasized that explora=on target tonnage es=mates are en=rely conceptual in

  26. Slide 26: Gum Flat Mineral Resource

    Gum Flat Mineral Resource For personal use only JORC Million Tonnes Head Grade Prospect Status (Mt) (% Fe) Barns magnetite Indicated 12.3 26.6 Barns magnetite Inferred 88.9 23.5 Rifle Range magnetite Inferred 3.5 27.1 Barns hematite Indicated 1.4 49.8 Barns hematite Inferred 0.7 46.0 Rifle Range/She

  27. Slide 27: Kookaburra Gully Mineral Resource

    Kookaburra Gully Mineral Resource For personal use only Mt = million tonnes TGC = Total Graphi8c Carbon NB tonnages may not add up exactly as shown due to rounding of significant figures Reference Lincoln Minerals, 2013. Maiden high-­‐grade flake graphite Indicated Resource for Lincoln’s world-­‐class

  28. Slide 28: Kookaburra Gully Metallurgy

    Kookaburra Gully Metallurgy Drill Sample A 0-­‐50m Drill Sample B 50-­‐100m Trench Sample C 0-­‐2m For personal use only Screened Assay Distribu=on Assay Distribu=on Assay Distribu=on Concentrate TGC% % TGC% % TGC% % +150 µm 95.3 2.9 96.47 2.3 9.5 +106 µm, -­‐150 µm 95.3 7.3 96.47 6.3 14.6 +75 µm, -

  29. Slide 29: Koppio – Kookaburra Gully Exploration Targets

    Koppio – Kookaburra Gully ExploraHon Targets For personal use only It is emphasized that Explora8on Target tonnage es8mates are en8rely conceptual in nature. There has been insufficient drilling in the immediate areas of these targets and it is uncertain if further explora8on will result in the es8ma8

  30. Slide 30: Simple Low Cost Processing

    Simple Low Cost Processing 4 stage flotaHon 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 Graphite & Iron Ore Producer

  31. Slide 31: Kookaburra Gully Scoping Study

    Kookaburra Gully Scoping Study Capital Cost EsHmate Item EsHmate ($) EsHmate ($) For personal use only 200,000 tpa 400,000 tpa Kookaburra Gully Graphite Project Mining $380,400 Process plant $22,597,800 Infrastructure $7,329,100 Total direct costs $30,308,100 $34,000,000 EPCM (15%) $4,546,200 Common

  32. Slide 32: Long-term Graphite Exploration Targets

    Long-­‐term Graphite ExploraHon Targets Campoona Syncline For personal use only § Immediately adjacent to Archer Explora=on (AXE) & Monax Mining (MOX) graphite discoveries § Campoona, Jamieson Tank & Sugarloaf Hill EM anomalies extend onto EL 4883 § Further poten=al in Campoona Syncline between C

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