Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — Investor Presentation (September 2024)
15 slides from Lincoln Minerals's investor presentation, Sep 30, 2024
Slide 1: Developing Australian Graphite, Uranium and Green Iron
ASX:LML ASX: LML Developing Australian Graphite, Uranium and Green Iron Green Iron Project South Australia’s Best Undeveloped Magnetite Project 30 September 2024
Slide 2: Important Notice and Disclaimer
ASX:LML Important Notice and Disclaimer 2 Disclaimer, Competent Persons Statement and Precautionary Statement • The information contained in this document (“Presentation”) has been prepared Lincoln Minerals Limited forward-looking future performance and actual results or developments may differ mate
Slide 3: Why Green Steel? Why Now?
ASX:LML Why Green Steel? Why Now? 3 • What is Green Steel • Green Steel refers to steel production that reduces or Forecast Magnetite Iron Ore Demand- eliminates greenhouse gas emissions and other harmful Supply Gap environmental impacts • Why is Green Steel Important? • The shift to green steel is
Slide 4: Lincoln Minerals' Green Iron Project, SA
ASX:LML Lincoln Minerals’ Green Iron Project, SA 4 • 1.1 billion tonne magnetite JORC Mineral Resource* on SA’s Eyre Peninsula • Same geology as existing SIMEC magnetite concentrate operations nearby • Lincoln inherited the project during an iron ore price decline, via the wind up of Chinese-backed
Slide 5: SA's best undeveloped magnetite asset by grade, size and closeness to major infrastructure
SA’s best undeveloped magnetite asset by grade, size ASX:LML and closeness to major infrastructure Lincoln’s Green Iron Project has clear advantages due to scale, grade and proximity to port Groupings of magnetite resources in South Australia. The Middleback Range area (which hosts Lincoln’s Green I
Slide 6: Green Iron Project History
ASX:LML Green Iron Project History 6 Reframing for a New Era & New Markets • Centrex Metals Limited and Wuhan Iron and Steel Corp. (WISCO) signed Joint Venture in 2010 Iron Ore 62% Fe CFR China Spot Nominal • Approximately $75 million spent on development 180 studies** to produce standard magnetite
Slide 7: Strong Government Support
ASX:LML Strong Government Support 7 South Australian Green Iron & Steel Strategy • South Australian Government aims to develop a local Green Iron & Steel industry, based on SA’s unique competitive advantages: • Abundant and high-grade magnetite resources • Access to renewable energy • Strategy aims
Slide 8: Starting From an Advanced Base
ASX:LML Starting From an Advanced Base 8 • Previous advanced studies on two projects, collectively known as the Fusion Project. • Fusion Project Scoping Study competed in 2013, and significant advancement of Definitive Feasibility Studies (DFS) • Trade-off studies completed for utilities, grinding,
Slide 9: Previous Concentrator Design
ASX:LML Previous Concentrator Design 9 FLOWSHEET 3D DESIGN
Slide 10: Repositioned for a Green Iron market
ASX:LML Repositioned for a Green Iron market 10 Fusion Grind vs. Grade Curve • Historical relatively coarse P80 grind of 75µm 80 chosen to suit WISCO pellet feed needs 710 500 250 150 75 45 38 25 70 • Substantial optimisation potential exists to target a lower impurity Green Iron output 60 • Fusion
Slide 11: Infrastructure Advantages
ASX:LML Infrastructure Advantages 11 • Major logistics advantages over many regional iron ore projects • Proximal to existing Port Lincoln bulk port plus two proposed bulk port developments • Low-cost slurry pipeline ore transport, mirroring a proven solution already in place at SIMEC magnetite oper
Slide 12: A Conceptual Phased Development Approach
ASX:LML A Conceptual Phased Development Approach 12 Year 1 2 3 4 5 6 7 Secure Investment Partner • Phased development approach to optimise Fusion Phase 1 (3Mtpa) capital spend profile Gap Analysis & Scoping Study Update • Ability to accelerate study phases given the Rapid PFS & Mining Lease extensiv
Slide 13: Lincoln's Partnering Process
ASX:LML Lincoln’s Partnering Process 13 • Lincoln has commenced its own Expressions of Interest (EOI) • Lincoln is requesting potential EOI respondents prepare process to identify interested parties to advance its Green Iron a written submission covering: Project through to production. 1. Company in
Slide 14: Fusion and Carrow Project – Appendix Mineral Resources Summary
ASX:LML Fusion and Carrow Project – Appendix Mineral Resources Summary 14 Head Grade Concentrate Grade Deposit Name JORC Tonnage Classification (Mt) Fe SiO2 DTR Fe SiO2 Large, high-quality resource Bald Hills Inferred 289.4 (%) 26.8 (%) 51.0 21.9 (%) 67.4 (%) 5.2 • Lincoln's Green Iron Project boast
Slide 15: For Further Information
For Further Information: Jonathon Trewartha Chief Executive Officer Lincoln Minerals Limited Jonathon.trewartha@lincolnminerals.com.au 1300 137 116 Nathan Ryan Investor and Media Relations NWR Communications nathan.ryan@nwrcommunications.com.au +61 420 582 887 Community Enquiries Community@lincolnmi
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