Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — SAREIC conference (May 2009)
17 slides from Lincoln Minerals's conference presentation, May 5, 2009
Slide 1: Explorer to Producer
For personal use only Explorer to Producer Iron Ore Uranium, Nickel-Cobalt, Base Metals & Gold 4 May 2009
Slide 2: Highlights
For personal use only Highlights • Development of iron ore mine in Indonesia • Maiden iron ore resource at Gum Flat • Nickel-cobalt at Cockabidnie • Uranium at Wilcherry Ongoing support from Indian metals and iron ore mining group Mineral Enterprises Limited 40% interest in Gum Flat Project ahead of
Slide 3: Disclaimer
LINCOLN MINERALS LIMITED Disclaimer For personal use only 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 for the i
Slide 4: Lincoln Minerals corporate snapshot
LINCOLN MINERALS LIMITED LINCOLN MINERALS LIMITED # Listed on ASX 9 March 2007 after raising $7 million by public subscription a For personal use only # 75,372,221 Shares + 35,776,854 listed Options + 9,313,332 unlisted Options # Market capitalisation (May 2009 @ 10 cents/share) $7.5 million a # Cas
Slide 5: Desa Mirah Iron Ore Mine
DESA MIRAH IRON ORE MINE LINCOLN MINERALS LIMITED # Located in south-central Kalimantan (Borneo) For personal use only # High grade hematite – up to 68.7% Fe # 7,000-10,000t stockpile: Fe% SiO2% Al2O3% P% LOI% 66.2 2.02 1.31 0.04 1.85 # Ready to go into production with all approvals & permits now in
Slide 6: Desa Mirah Iron Ore Mine
LINCOLN MINERALS LIMITED DESA MIRAH IRON ORE MINE For personal use only • Earning 45% interest in mine and exploration concession • US$2 million from LML’s share of mine profits • Initial production 20,000 tonnes per month • Trenching and outcrop sampling have outlined resource and exploration targe
Slide 7: Desa Mirah Iron Ore Mine
LINCOLN MINERALS LIMITED DESA MIRAH IRON ORE MINE For personal use only
Slide 8: Desa Mirah Iron Ore Mine
LINCOLN MINERALS LIMITED DESA MIRAH IRON ORE MINE For personal use only • Exciting development for Lincoln Minerals • Set to become iron ore producer only 2 years after listing • Little or no cost to existing investors • Cash-flow positive in about 6 months from mine startup • Opens up other new opp
Slide 9: South Australia Gawler Craton Core Projects
LINCOLN MINERALS LIMITED South Australia Gawler Craton For personal use only Core Projects Iron Ore # Gum Flat, Wanilla JV & Cummins Nickel-Cobalt # Cockabidnie & Tumby Bay Uranium # Wilcherry, Mount Hill, Cockabidnie, Carinya, Kimba Gap & Tumby Bay Copper, Gold & Base Metals # Cockabidnie, Tumby Ba
Slide 10: Gum Flat Iron Ore Project
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Project EL 3422 LML 60% For personal use only Indian Mineral Enterprises # Several shallow hematite & Group 40% magnetite iron ore deposits within 20km of Port Lincoln # Completed Phase 2-3 drilling & defined maiden resource # Hematite BIF with up to 60.5%
Slide 11: Gum Flat Iron Ore Project: Barns Prospect
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Project Barns Prospect For personal use only # Shallow dipping 80m thick BIF beneath thin cover sequence # Hematite down to ca. 70m depth then magnetite BIF # Inferred hematite resource 1.3 Mt @ 47.1% Fe with high grade core 0.9 Mt @ 52.7% Fe # GFRC103 18m
Slide 12: Gum Flat: Rifle Range & Sheoak West Prospects
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Project Rifle Range & Sheoak West Prospects For personal use only # Shallow dipping BIF beneath thin cover # Hematite down to ca. 70m depth then magnetite BIF # Inferred hematite resource 1.2 Mt @ 43.8% Fe with high grade core 0.3 Mt @ 48.3% Fe # Inferred m
Slide 13: Gum Flat Iron Ore Project
For personal use only Gum Flat Iron Ore Project • Total Inferred Resources: • Magnetite 55 Mt @ 20.6% DTR • Hematite 1.2 Mt at 51.6% Fe (45% Fe cutoff) or 2.5 Mt at 45.5% Fe (35% Distance from Port Fe cutoff) 800 • Total Exploration Targets: IMX Western Resources 700 • Magnetite 125-200 Mt at 15-25%
Slide 14: Cockabidnie Project: Campoona Nickel-Cobalt Discovery
Cockabidnie Project Campoona Nickel-Cobalt Discovery LINCOLN MINERALS LIMITED For personal use only # Following discovery in Sept 2007, drilling in April 2008 has defined AN EXCITING NEW LATERITIC NICKEL-COBALT PROSPECT (up to 1.15% Ni & 0.33% Co) # Including 30m @ 0.8% Ni equivalent (Ni + 5*Co) # +
Slide 15: Wilcherry Uranium Prospect
LINCOLN MINERALS LIMITED Wilcherry Uranium For personal use only Prospect # 2007-08 drilling intersected up to 0.06% uranium with massive sulphide, graphite & base metals up to 0.5% copper # Mineralisation continuous over >200m strike length # U occurs as Francoisite-Ce # Uranium anomalism in red ma
Slide 16: Wilcherry Uranium Prospect
LINCOLN MINERALS LIMITED Wilcherry Uranium Prospect For personal use only Q-T cover saprolite sulphide-rich gneiss
Slide 17: Summary
Summary For personal use only INDONESIA Desa Mirah Iron Ore Mine Taking Lincoln Minerals from explorer to producer & cash flow positive in about 6 months SOUTH AUSTRALIA Maintaining an active exploration & resource definition program combined with scoping studies to consolidate opportunities for dev