Lincoln Minerals Limited · ASX:LML

Lincoln Minerals — Investor Presentation (March 2016)

20 slides from Lincoln Minerals's investor presentation, Mar 22, 2016

1. Slide 1: Graphite Mining Lease imminent in Australia's foremost graphite province

   For personal use only Graphite Mining Lease imminent in Australia’s foremost graphite province: SA’s Eyre Peninsula LINCOLN MINERALS LIMITED ASX : LML www.lincolnminerals.com.au Kookaburra Gully Trench 4 12m @ 20.5% graphi=c carbon

2. Slide 2: Kookaburra Gully graphite mine upside

   Kookaburra Gully graphite mine upside For personal use only • Mining Lease imminent for Kookaburra Gully near Port Lincoln • Key trigger to underpinning oAake/project financing contracts • Shallow deposit among world Top 10 highest grade graphite deposits • Part of strong flake graphite footprint on S

3. Slide 3: Kookaburra Gully: a world class address

   Kookaburra Gully: a world class address For personal use only World Class LocaLon World Class JORC resource SA hosts 61% of Highly sought aber Australia’s JORC premium flake graphite resources graphite On Eyre Peninsula: Kookaburra Gully highly prospec=ve for 2.2 Mt @ 15.1% TGC world-­‐class graphite

4. Slide 4: Top grades in world's top class

   Top grades in world’s top class Kookaburra Gully is Australia’s highest grade graphite deposit and is capable of For personal use only delivering near-­‐term produc=on at low cost in addi=on to graphene development research with Melbourne’s Monash University and Guangdong University of Technology in

5. Slide 5: Mining Lease

   Kookaburra Gully Mining Lease • Prepara=on of Program Mining Lease offer For personal use only for Environmental from SA Government Protec=on & Rehabilita=on (PEPR) & Imminent other Government Exis=ng approvals in progress Commonwealth • Capex <A$50 million Government EPBC environmental • LOM Opex A$

6. Slide 6: Mining Lease

   Kookaburra Gully Mining Lease • Small mine site footprint For personal use only Legend 103 ha ( ! Roundabout D Drainage channel • OA 700m long open pit MC 4372 TAR Natural channel graphite mine OR North West waste dump L AW • Conven=onal 4-­‐stage PIL South waste dump Road flota=on plant 24/7 Legend

7. Slide 7: Timescale to Production

   Timescale to ProducLon For personal use only Commence shipping product Start mining Mine Development 2017 PEPR & other approvals Drilling February 2013 Mining Lease 2016 Commonwealth EPBC approval Lodge Mining Lease Proposal 2015 Peg Mineral Claims Environmental studies 2014 JORC Resource 2013 Scopi

8. Slide 8: Robust Project Economics

   Kookaburra Gully Robust Project Economics For personal use only Low capital investment less than $50 million and compeLLve cash operaLng costs AMC Conceptual Mine Plan $350.0$ (based on 2012-13 prices) Project#Cash#Flow#(pre;tax#A$m)# $300.0$ 2015 graphite price range $250.0$ for Kookaburra Gully A$

9. Slide 9: Capital Cost Estimate

   Kookaburra Gully Capital Cost EsLmate For personal use only Total capital investment less than $50 million DescripLon 2016 ($m) 2017 ($m) PEPR (geotechnical, geochemical, surface 3.2 and groundwater, detailed design/DFS, management plans, government approvals) Process Plant (crusher, mill-­‐flota=on-

10. Slide 10: Graphite Market Fundamentals

    Graphite Market Fundamentals BATTERY & ENERGY STORAGE COMMERCIALISATION For personal use only • Graphite is a key input in the manufacture of lithium-­‐ion ba^eries • Ba^eries widely used in electric vehicles, smart phones, portable computer devices and more – bahery backup for solar powered homes a

11. Slide 11: Focused Board and Management

    Focused Board and Management For personal use only Board Snapshot Non-­‐ExecuLve Chairman -­‐ Mr Jin Yubo Managing Director -­‐ Dr Allan John Parker Non-­‐ExecuLve Director -­‐ Mr Eddie Lung Yiu Pang Non-­‐ExecuLve Director -­‐ Mr James Tenghui Zhang 97.8% TGC coarse flake graphite • Mr Jin and Mr Zh

12. Slide 12: Summary and Key Deliverables

    Summary and Key Deliverables • Focused graphite developer with Australia’s highest quality graphite For personal use only deposit • Milestone Mining Lease imminent for Kookaburra Gully • Crystallises ouake/project funding opportuni=es • Australia’s next graphite mine (subject to government approvals

13. Slide 13: Kookaburra Gully Conceptual Mine Plan / Thank You

    subsoil TSF For personal use only WRSF South pit ROM pad WRSF West process plant topsoil Kookaburra Gully Conceptual Mine Plan THANK YOU Dr. A. John Parker Managing Director LINCOLN MINERALS LIMITED +61 8 8274 0243 jparker@lincolnminerals.com.au Lincoln Minerals Limited Emerging Graphite Producer

14. Slide 14: Important Notice

    Important NoLce For personal use only This presenta=on has been prepared by Lincoln Minerals Limited (“LML") and Australian Graphite Pty Ltd (“AGL”) as an aid to a spoken explana=on. It should not be considered as an offer or invita=on to subscribe for or purchase any securi=es in LML or AGL nor as a

15. Slide 15: Appendix

    Appendix 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

16. Slide 16: Mineral Resource

    Kookaburra Gully Mineral Resource For personal use only Lincoln Minerals Limited Emerging Graphite Producer

17. Slide 17: Koppio Mineral Resource

    Koppio Mineral Resource For personal use only Reference: Lincoln Minerals, 2015. Maiden graphite resource for second Lincoln deposit in SA’s Eyre Peninsula lifts total inventory by >50% in this world-class province. Lincoln Minerals limited, ASX Announcement 13 July 2015. Lincoln Minerals Limited Em

18. Slide 18: Graphite Deposit: World Class Resource and Resource Upside

    Kookaburra Gully Graphite Deposit World Class Resource and Resource Upside For personal use only JORC Mineral Resources: • Kookaburra Gully 2.20 Mt @ 15.1% TGC • Koppio 1.85 Mt @ 9.8% TGC • Total Contained Graphite 567,000 tonnes • Kookaburra Gully Extended Explora=on Targets 22 Mt – 44 Mt @ 10%-­‐1

19. Slide 19: Simple Processing

    Kookaburra Gully – Simple Processing Simple process flow sheet – grind, float, regrind, clean, dry, screen and export ! For personal use only Tailings(Thickener( Lincoln Minerals Limited Emerging Graphite Producer

20. Slide 20: Corporate Directory

    Corporate Directory For personal use only Directors Adelaide Office Mr Jin Yubo, Chairman 28 Greenhill Road Dr A John Parker, Managing Director Wayville SA 5034 Mr Eddie Lung Yiu Pang, Non Execu=ve Phone: (618) 8274 0243 Mr James Tenghui Zhang Share Registry Company Secretary Computershare Investor Se

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