Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — SA Chamber of Mines & Energy (March 2010)
11 slides from Lincoln Minerals's conference presentation, Mar 18, 2010
Slide 1: Iron Ore and Uranium, Eastern Eyre Peninsula
SA Chamber of Mines & Energy Iron Ore and Uranium Eastern Eyre Peninsula Exploration & Production Opportunities Dr A. John Parker 18 March 2010
Slide 2: Lincoln Minerals Limited
LINCOLN MINERALS LIMITED LINCOLN MINERALS LIMITED # Listed on ASX March 2007 # 100,501,286 Shares + 35,771,854 listed Options + 4,860,000 unlisted Options # Market capitalisation (March 2010 @ 35 cents/share) $35.2 million # Cash on hand at end December 2009 $2.9 million # Located in established wor
Slide 3: Gawler Craton Iron Ore Potential: Location-Location
LINCOLN MINERALS LIMITED Gawler Craton Iron Ore Potential “Location-Location” Middleback Iron Ore Province • Historically one of world’s major iron ore provinces • Middleback Ranges – over 240 Mt of high-grade lump hematite mined over past 100 years (BHP & OneSteel Ltd) • Potential for more than 5 b
Slide 4: Gum Flat Iron Ore
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Lincoln Minerals (60%) Mineral Enterprises (40% **) # Jan 2010 – completed magnetite metallurgical study # Feb 2010 – completed reverse circulation & diamond core drilling programs on Barns Prospect (~$1 million) # Potential DSO hematite indicated resource
Slide 5: Gum Flat Iron Ore: Barns Prospect Hematite
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Barns Prospect Hematite Shallow dipping Indicated Resources # # Up to 35m thick # Thin cover sequence – clay & calcarenite (20-25m) # Strip ratio W:R < 1.8:1 # Hematite down to ~70m depth # Progressively more magnetic below ~50m – maybe upgradable # Indicat
Slide 6: Gum Flat Iron Ore: Barns Prospect Magnetite
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Barns Prospect Magnetite # Shallow dipping ~350 Inferred Resources # 80m thick Proterozoic BIF # Strip ratio W:R < 3.0:1 # Magnetite BIF down to at least 325m below ground level (75m deeper than inferred resource) # Inferred Resource (April 2009 not incl. r
Slide 7: Barns Prospect Magnetite Process Flow Sheet
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Barns Prospect – Magnetite Process Flow Sheet 5 Mt ROM 26% Fe 44% SiO2 Crushing Coarse Dry Cobbing HPGR Wet Cobbing Magnetic Separation Ball Mill Rougher Mag Sepn 1.9 Mt 256 um Fine Mill & 51% Fe 21% SiO2 Finisher Mag Sepn Tails 1.41 Mt 41um 66.9% Fe 4.4% S
Slide 8: Wilcherry Iron Ore & Uranium
LINCOLN MINERALS LIMITED Wilcherry Iron Ore & Uranium Hercules South Iron Ore Lincoln Minerals 100% # Outcrop or shallow cover over Proterozoic BIF # Inferred Resource (hematite & magnetite) 21.7 Mt @ 33.3% Fe Fe% SiO2% Al2O3% P% LOI% 33.3 38.1 3.25 0.16 4.69 # Exploration Target (incl. Jungle Dam i
Slide 9: Lincoln Asia-Pacific Limited
LINCOLN ASIA-PACIFIC LIMITED Lincoln Minerals (100%) # Looking at numerous opportunities in Indonesia # Manganese in western Timor; # Iron ore and iron sands in west Kalimantan and Flores; # Mineral sands in west Kalimantan; and # Iron ore with copper-gold in Sulawesi # Focusing on areas close to in
Slide 10: Summary
Summary LINCOLN MINERALS LIMITED Maintaining an active exploration & resource definition program combined with scoping studies to consolidate opportunities for project development at Gum Flat, Wilcherry and in Indonesia Gum Flat – flagship project • Closest iron ore project in South Australia (& one
Slide 11: 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 explanation. The information contained in this presentation is a professional opinion only and is given in good faith. The presentation is
Lincoln Minerals — SA Chamber of Mines & Energy (March 2010) on 6ix