Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — Shareholder Meeting (November 2017)
21 slides from Lincoln Minerals's shareholder meeting presentation, Nov 28, 2017
Slide 1: Kookaburra Gully Graphite Project
For personal use only Kookaburra Gully Graphite Project Mineral Lease granted – PEPR lodged An imminent new, world-class, high grade, low cost graphite mine Managing Director’s Presenta0on 2017 Annual General Mee0ng 28 November 2017 ASX : LML www.lincolnminerals.com.au
Slide 2: Important Notice
Important Notice This presentation has been prepared by Lincoln Minerals Limited (“LML") and Australian Graphite Pty Ltd (“AGL”) as an aid to a For personal use only spoken explanation. It should not be considered as an offer or invitation to subscribe for or purchase any securities in LML or AGL no
Slide 3: Key investment appeal
Key investment appeal Located in South Australia’s world-class graphite-rich metallogenic For personal use only province of Eyre Peninsula 35kms north of Port Lincoln • Global Top 10 graphite deposit set to be Australia’s premier and only producing graphite mine • TargeEng ~35,000 tonnes per annum h
Slide 4: Focused Board and Management
Lincoln Minerals Limited For personal use only Focused Board and Management Considerable experience in Chinese investment & markets Non-ExecuEve Chairman - Mr James Zhang Managing Director – Dr John Parker Non-ExecuEve Director - Mr Eddie Pang • Unwavering, long-term focus on the mul6- ASX Code LML
Slide 5: Lincoln Minerals tenements & projects
Lincoln Minerals tenements & projects For personal use only 2,156 square kilometre tenement package ! Graphite – southern Eyre Peninsula focus from Uley to Kookaburra Gully & beyond ! Copper & other base metals - Minbrie: 29.5m at 0.76% Cu, 7.37% Pb, 1.88% Zn, 9.0g/t Ag and trace gold - Eurilla: up
Slide 6: Project Status – Kookaburra Gully
Project Status – Kookaburra Gully For personal use only ! Mineral Lease ML6460 granted 3 June 2016 ! Preliminary mine & mine infrastructure design studies (Feasibility Study level) complete ! Base case mining & processing schedule complete ! Feasibility Study & Ore Reserve statement issued ! Environ
Slide 7: Geology & Resource Model
Geology & Resource Model For personal use only ! Drilling, sampling, analysis & data compilation ongoing ! Kookaburra Gully Inferred, Indicated & Measured Mineral Resource is 2.03 million tonnes at 15.2% TGC* ! Resource is open at depth and along strike to northeast Next Steps: ! Further infill dril
Slide 8: Mine site layout
8 For personal use only Mine site layout
Slide 9: Mine design – pit development stages
Mine design – pit development stages For personal use only • Mine optimisation supports a 5 stage mine based on estimated graphite prices • Mine up to 250,000 tonnes ore per year • Conventional digger, truck and haul open-pit mining method • Completely weathered rock to ~20m BGL excavated without bl
Slide 10: Metallurgical test-work & process plant design
Metallurgical test-work & process plant design Size Fraction LMC 11 - Master Comp For personal use only ! Laboratory-scale test-work program (µm) Mass TC (%) LOI (%) identified a simple crush, grind, 500 flotation, dry, screen & pack process 300 0.1% 93.20 96.00 ! Lock-cycle tests confirm >90% 180 3
Slide 11: Metallurgical process flow sheet
Metallurgical process flow sheet For personal use only 11
Slide 12: Transport logistics
Transport logistics For personal use only ! Export via Pillaworta Road & Bratten Way to freight depot in Tumby Bay ! Graphite concentrate in bulka bags or containers to Port Adelaide by road train ! Detailed design of road upgrades to Pillaworta Road in progress Alternate ports: Containers or bulka
Slide 13: Water & power supply options
Water & power supply options For personal use only Water supply Ø Raw water supply from either Tod Reservoir or groundwater from water wells on the ML plus pit dewatering Ø Recycled water from process plant and tailings thickener Ø Groundwater studies & monitoring on-going Ø High quality water provi
Slide 14: Product specification & marketing
Product specification & marketing For personal use only ! Based on the high proportion (~90%) of -100# concentrate (<150 microns), target market / product mix is: - polymer/plastic additives (10%) - lubricants/drilling fluids (10%) - friction materials (15%) - other industrial (35%) and - unallocate
Slide 15: Base case capital & operating costs
Base case capital & operating costs For personal use only ! Pre-production establishment capital costs are estimated to be A$44.2m, including land acquisition and 20% contingency % of Total Establ. Cost Establ. Cost (A$m) Land acquisition, preliminaries, site preparation, vegetation SEB offset & Gov
Slide 16: Base case financial outcomes
Base case financial outcomes For personal use only ! Key financial return outcomes of the Kookaburra Gully Graphite Project based on producing a range of standard mesh graphite products are: Unit Value Life-of-Mine years 10 Average operating cost A$/t conc. $705 Average product price US$/t conc. $96
Slide 17: Long term mine & resource potential
Long term mine & resource potential For personal use only There are significant opportunities for further value enhancement including extension of project life beyond 8-10 years and incorporation of value-adding product development including spherical graphite for the battery market Historic Koppio
Slide 18: 2018 in a nutshell
2018 in a nutshell…. For personal use only With approval of the PEPR Kookaburra Gully is set to become…. SA’s newest mine in one of the hojest global commodiEes and the only producing graphite mine in Australia in a soaring new era global market Dr A. John Parker Managing Director +61 8 8274 0243 18
Slide 19: Kookaburra Gully Mineral Resources
Kookaburra Gully Mineral Resources Kookaburra Gully Mineral Resource (AGL 100%) as at 30 June 2017. These remain unchanged from 17 May 2017 For personal use only DOMAIN CLASS Tonnage C TGC Density (Mt) (%) (%) 1 1 0.39 16.7 14.9 2.60 2 1 0.11 3.7 3.0 2.46 Total Measured 0.50 13.8 12.3 2.57 1 2 1.08
Slide 20: Kookaburra Gully Metallurgy
Kookaburra Gully Metallurgy For personal use only Reference: Lincoln Minerals 2017, ASX Announcement 27 November 2017.
Slide 21: Kookaburra Gully PEPR & Feasibility Studies
Kookaburra Gully PEPR & Feasibility Studies The Feasibility Study and PEPR were based on a number of independent environmental, For personal use only geotechnical, feasibility and option studies undertaken over the past 18 months on various components of the proposed mine and mine infrastructure: •
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