Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — Investor Presentation (February 2025)
26 slides from Lincoln Minerals's investor presentation, Feb 18, 2025
Slide 1: Advancing Critical Minerals Projects in South Australia's Gawler Craton
Advancing Critical Minerals Projects in South Australia’s Gawler Craton Corporate Presentation 18 February 2025
Slide 2: Exploring and Developing to Supply Three Global Megatrends
Exploring and Developing to Supply Three Global Megatrends Capitalising on these megatrends with a portfolio of critical minerals LML Project Major End Use Focus Electrification Copper Electrical equipment and powerlines Uranium Fuel for nuclear reactors Steelmaking, refractory applications, foundry
Slide 3: Why Lincoln Minerals?
Why Lincoln Minerals? Lincoln has three pillars to create value:; Abundant Low-Cost Newsflow Next five months • Diversified critical minerals portfolio: A portfolio of Copper-Zinc – Minbrie Discovery high-value, high quality,100%-owned projects: • Relogging and Assays – copper/zinc, uranium, graphit
Slide 4: Lincoln – From Turnaround to Value Creation
Lincoln – From Turnaround to Value Creation January New Appointments 2023 • CEO Jonathon Trewartha • Experienced Project teams Lincoln initiated a portfolio 2025 Company Value 120 review, revealing valuable, Value With Four Projects?* 2022 Company Value previously overlooked Value Value upside 100 W
Slide 5: Lincoln has the Right Rocks
Lincoln has the Right Rocks Tenements located in the Gawler Craton; Proven mineral endowment increases the likelihood of successful discoveries. Copper • South Australia contains about 10%5 of the world's copper reserves and 69%6 of Australia’s copper resources. Uranium • South Australia is to urani
Slide 6: Diversified Critical Minerals Portfolio
Diversified Critical Minerals Portfolio • Mineralised system with multiple sulphide zones over 7km of strike2 Copper/Zinc Exploration • Relogging and Assays for copper, zinc, lead, gold, silver, as well as Discovery Hole1 29.5m @ 0.8% Cu, gallium, iridium, germanium and REE Minbrie Project 7.5% Pb,
Slide 7: Unlocking Value: The Advantage of Location
Unlocking Value: The Advantage of Location Jurisdiction • Strategic Location: Highly ranked for global mining investment, strong trade agreements. • Australia Advantage: Stable political environment, proximity to Asia. Major Infrastructure • Local Infrastructure: Two nearby towns with airport and sk
Slide 8: Minbrie Copper-Zinc Project - How Big Will It Get?
Minbrie Copper-Zinc Project - How Big Will It Get? 8 Corporate Presentation | February 2025 | lincolnminerals.com.au
Slide 9: Minbrie Discovery Hole – Why Was It Not Followed Up?
Minbrie Discovery - Opportunity overlooked by previous exploration Minbrie Discovery Hole – Why Was It Not Followed Up? An Accidental Extension of a Hole, “Back to Basics” Geology and a Eureka Moment Discovery Hole: BUDD1921: of up to 29.5m @ 0.8% copper (Cu), 7.5% lead (Pb), 1.9% zinc (Zn), 9.0 g/t
Slide 10: Over 7km of Multiple Sulphide Mineralisation Zones Identified
Over 7km of Multiple Sulphide Mineralisation Zones Identified A taste of things to come 85% of holes did not reach target depth; those that did, only 16% were assayed for base metals BUDD1921 29.5m @ 0.8% copper (Cu), 7.5% lead (Pb), 1.9% zinc (Zn), 9.0 g/t silver (Ag) from 131.1m including: • 12m @
Slide 11: Opportunity to Rapidly Advance Exploration in this Data Rich Location
Opportunity to Rapidly Advance Exploration in this Data Rich Location BUDD192 Galena enclosing/rimming Next Steps in the coming 5 Months chalcopyrite, complex intergrowths sulphide- • Relogging with a base metal focus carbonate breccia mafic clast • Assays – both previously unassayed and re-assaying
Slide 12: Uranium – Strategic Position in Leading Province
Uranium – Strategic Position in Leading Province Lincoln has multiple highly prospective uranium targets across its existing tenement portfolio, all located in South Australia’s premier uranium province. Known uranium mineralisation exists on each project area, including historical drilling and rece
Slide 13: Uranium – Value Upside
Uranium – Value Upside Key Catalysts: Yallunda • Re-assay intervals of interest from historic Centrex and other cores, as they were not assayed for uranium • Follow-up AEM survey to define structures over the region • Advanced geophysical surveys and sampling to pave the way for high impact drill ca
Slide 14: Kookaburra Graphite Project – Positioned for First Mover Advantage
Kookaburra Graphite Project – Positioned for First Mover Advantage Competitive Advantages: Ultra-high grades at surface, existing Mining Lease, low start-up capital & near infrastructure • Power: Connect to SA Power Network via a dedicated ~6km, 33kV powerline. • Water: Initially bore water connecti
Slide 15: Kookaburra Graphite Project – Leveraged to Graphite Price Upside
Kookaburra Graphite Project – Leveraged to Graphite Price Upside • Pre-tax1 NPV10 of A$114m or (US$77m); NPV2 (A$M) and The project1 has a positive • Pre-tax1 IRR of 41%; graphite price NPV through the expected • Start-up capital1 requirement of A$29m (US$/t real FOB, price cycle, with a Free (US$19
Slide 16: Green Iron Project - High Purity Iron – 1.2 Billion Tonnes of Magnetite
Green Iron Project - High Purity Iron – 1.2 Billion Tonne’s of Magnetite • 1.2 billion tonne @ 26% Fe (75µm) magnetite and magnetite concentrate grade of 67% Fe Mineral Resource1 on SA’s Eyre Peninsula. • Same geology as existing SIMEC magnetite concentrate operations nearby • Lincoln inherited the
Slide 17: SA's Best Undeveloped High-Purity Iron Asset by Grade, Size and Proximity to Major Infrastructure
SA’s Best Undeveloped High-Purity Iron Asset by Grade, Size and Proximity to Major Infrastructure Project has advantages due to scale, grade and distance to port Operational (SIMEC) (Lincoln) Groupings of magnetite resources in South Australia. The Middleback Range area (which hosts Lincoln’s Green
Slide 18: Market-Driven Strategy
Market-Driven Strategy We actively manage our diverse portfolio, constantly analysing market trends and adapting our strategies to optimise returns. We aim to: • Prioritise projects based on market demand, funding potential, 2025 Market-Driven Approach: and efficient commercialisation pathways. • Hi
Slide 19: 2025 Work Program Overview
2025 Work Program Overview Q1 Q2 Q3 Copper/Zinc/Lead Phase 1 – relogging, assays, Phase 1 drill Assays & Minbrie Project drilling approvals test footwall interpretation Uranium Drill testing, Eyre Uranium Portfolio Target generation, drilling approvals assays & Interpretation High Purity Iron Green
Slide 20: Unlocking Value in Critical Minerals: A Clear Path Forward
Unlocking Value in Critical Minerals: A Clear Path Forward Strategic Foundation: A diversified portfolio of 100%, high-value critical mineral projects. Value Creation Strategy: Smart growth through leveraging historic data, and optimised financing. A market-driven approach to maximise returns and en
Slide 21: For Further Information
For Further Information: Jonathon Trewartha Chief Executive Officer Lincoln Minerals Limited Jonathon.trewartha@lincolnminerals.com.au 1300 137 116 Kristin Rowe Investor and Media Relations NWR Communications kristin@nwrcommunications.com.au +61 404 88 98 96 Community/Investor Enquiries Community@li
Slide 22: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer and Competent Person Statement The information contained in this document (“Presentation”) has been prepared Lincoln Minerals Limited (“Company”). The future performance and actual results or developments may differ materially from those in the forward-look
Slide 23: Appendix
Appendix 23 Corporate Presentation | February 2025 | lincolnminerals.com.au
Slide 24: Corporate Overview
Corporate Overview Capital Structure LML A$0.0061 2,056M $12.33M $750k2 Nil ASX Code Shares on Issue Market Capitalisation Cash Debt Share Price Ruiya (Yoyo) Zhang Ms Zhang is a qualified accountant with extensive business networks in Australia and internationally. Yoyo Non-Executive Chairperson has
Slide 25: Kookaburra Graphite Project – Compelling economics
Kookaburra Graphite Project – Compelling economics Compelling project economics Key Financial and Production1 Metrics • Pre-tax NPV10 of A$114m or (US$77m); Strong Financial metrics • Pre-tax IRR of 41%; • Start-up capital requirement of A$29m (US$19m); • Average Cash EBITDA1 of ~A$23m (US$15m); Low
Slide 26: Appendix 1 - Mineral Resources Summary
ASX:LML Appendix 1 - Mineral Resources Summary 26 Green Iron Project – Mineral Resources Summary Kookaburra Graphite Project Total Mineral Resources3 JORC Year Tonnes Mass Recovery Fe Head SiO2 Head Fe Con SiO2 Con Deposit Name Classification Cut-off Contained Status (Mt) (%) (%) (%) (%) (%) Measure
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