Lincoln Minerals Limited · ASX:LML

Lincoln Minerals — South Australian Resources and Energy Investment Conference 2014

25 slides from Lincoln Minerals's conference presentation, May 8, 2014

  1. Slide 1: Emerging Graphite Producer on SA's Eyre Peninsula

    For personal use only 8 May 2014 The Manager ASX Announcements "Lincoln Minerals - Emerging Graphite Producer on SA’s Eyre Peninsula" The attached presentation was made at the South Australian Resources and Energy Investment Conference 2014 in Adelaide. This presentation has been prepared by Lincoln

  2. Slide 2: Emerging Graphite Producer on SA's Eyre Peninsula

    EMERGING GRAPHITE For personal use only PRODUCER ON SA’s EYRE PENINSULA Dr A John Parker MAY 2014 LINCOLN MINERALS LIMITED ASX : LML www.lincolnminerals.com.au Kookaburra Gully Trench 4 12m @ 20.5% graphi=c carbon

  3. Slide 3: Key Message: Potential to Commence Mining within 2 Years

    Key Message: PotenIal to Commence Mining within 2 Years For personal use only • Lincoln Minerals is the major mineral acreage holder on South Australia’s Eyre Peninsula, with resources that include a world class flake graphite JORC Mineral Resource, substan=al magne=te and hema=te resources along wit

  4. Slide 4: Presentation outline

    PresentaIon outline For personal use only 1. Company snapshot 2. Graphite and Lincoln Minerals Graphite Projects 3. Kookaburra Gully High Grade Flake Graphite Resource 4. Project =melines 5. Appendices Lincoln Minerals Limited Emerging Graphite Producer

  5. Slide 5: Projects

    Projects • Dominant posi=on on Eyre Peninsula For personal use only - tenements totalling 4,077 km2 - proven world class iron ore & flake graphite province Australia’s premier graphite province - close to infrastructure • High grade JORC Mineral Resources with significant explora=on upside in a region

  6. Slide 6: Presentation outline

    PresentaIon outline For personal use only 1. Company snapshot 2. Graphite and Lincoln Minerals Graphite projects 3. Kookaburra Gully High Grade Flake Graphite Project 4. Project =melines 5. Appendices Lincoln Minerals Limited Emerging Graphite Producer

  7. Slide 7: Graphite

    Graphite Graphite is an industrial mineral, a form of carbon, with For personal use only numerous applicaIons and rising demand drivers US$13 billion global market • Excellent conductor of heat and electricity • Highest natural strength and s=ffness to extremely high temperatures • Widespread uses: p

  8. Slide 8: Lincoln has Graphite Projects

    Lincoln has 5 Graphite Projects Project Current Status 2014 For personal use only • Detailed metallurgical studies • Indicated & Inferred JORC • Customer and market development Mineral Resource KOOKABURRA GULLY • Get ML & approval to mine • 2.2 Mt @ 15.1% TGC • Trial mining & pilot plant • Scoping s

  9. Slide 9: Kookaburra Gully is a World Class Flake Graphite Resource

    Kookaburra Gully is a World Class Flake Graphite Resource JORC 2012 Mineral Resource (ASX Release Dec 2013): For personal use only • Within the Top 10 global resources based on graphite grade • 2.2 Mt Indicated and Inferred at 15.1% TGC (5% TGC cutoff) • or 3.23 Mt Indicated and Inferred at 11.2% TGC

  10. Slide 10: Kookaburra Gully Deposit

    Kookaburra Gully Deposit • Iden=fied by Pancon=nental Mining in For personal use only 1980s and drilled in Jan. 2013 by LML 30m @ 20.5% TGC • Graphite flake length 50-­‐1500 micron • Up to 40% total graphi=c carbon (TGC) • Mineralisa=on extends from surface to at least 125m below ground level & strike

  11. Slide 11: Kookaburra Gully Conceptual Mining Operation

    Kookaburra Gully Conceptual Mining OperaIon For personal use only • Small open pit & process plant (cf Uley Tumby Bay Graphite Mine) = small environ footprint Kookaburra Gully • Process 200,000-­‐400,000 tpa ore • Produce 24,000-­‐55,000 tpa of high grade (>93% TGC) graphite concentrate • No signific

  12. Slide 12: Kookaburra Gully Conceptual Mine Plan

    Kookaburra Gully Conceptual Mine Plan • Small open pit based on For personal use only mining exis=ng resource down to ~100m below ground level • Mining rate: nominal 250,000 tpa ore • Produc=on rate: nominal 30,500 to 35,500 tpa concentrate at >93% TGC • Nominal pit slope 370 • Nominal mine life 5 t

  13. Slide 13: Metallurgical Studies

    Metallurgical Studies ALS-­‐Metallurgy – July 2013-­‐April 2014 (ongoing) For personal use only • Rougher flota=on plus regrind and 4 stages of cleaning to op=mise flowsheet • Aircore drill samples produced 93-­‐96% C concentrates with 91-­‐98% recovery • Surface trench samples produced 97% C concentr

  14. Slide 14: Transport and Shipping Options

    Transport and Shipping OpIons Port Lincoln (or Port Spencer or Lucky Bay) For personal use only • 25,000 to 55,000 tonnes per year • In sealed bulka bags or 25 kg bags • Small ships (5,000 tonne parcels) – 5 to 10 ships per year Port Adelaide • Transport bulka bags or 25 kg bags by truck to Port Ade

  15. Slide 15: Significant Exploration Upside

    Significant ExploraIon Upside • Airborne Tempest EM survey 2012 For personal use only • >4.5km EM anomaly extending SW from Kookaburra Gully • Total Explora=on Targets of 33 – 94 Mt: • Kookaburra Gully Extended • Yellow Gums, Glendara & Pernella • Koppio Mine target drilled April 2014 and awai=ng ass

  16. Slide 16: Koppio Graphite Mine Drilling

    Koppio Graphite Mine Drilling • Drilling completed April 2014 For personal use only • Graphite intersected over 525m strike length and to a depth of 100m below historic mine workings • Assays in progress • Poten=al satellite deposit for Kookaburra Gully Lincoln Minerals Limited Emerging Graphite Pro

  17. Slide 17: Presentation outline

    PresentaIon outline For personal use only 1. Company snapshot 2. Graphite and Lincoln Minerals Graphite projects 3. Kookaburra Gully High Grade Flake Graphite Resource 4. Project Imelines 5. Appendices Lincoln Minerals Limited Emerging Graphite Producer

  18. Slide 18: Summary Timeline – Target Mine in 2 Years

    Summary Timeline – Target Mine in 2 Years* 2013 H2 2014 H1 2014 H2 2015 H1 2015 H2 For personal use only Kookaburra Metallurgy & Secure Sales Mine & Gully Environmental Contracts Export Graphite Surveys Trial Mining Graphite Pilot Plant Tests Mining Lease Build Full Scale Applica=on & PEPR Process P

  19. Slide 19: Thank You

    For personal use only THANKYOU For further technical informaIon Please contact Dr John Parker Managing Director, Technical LINCOLN MINERALS LIMITED +61 8 8274 0243 Lincoln Minerals Limited Emerging Graphite Producer

  20. Slide 20: Important Notice

    Important NoIce This presenta=on has been prepared by Lincoln Minerals Limited (“LML") as an aid to a spoken explana=on. The For personal use only informa=on contained in this presenta=on is a professional opinion only and is given in good faith. Previously Published Reports Informa=on extracted fro

  21. Slide 21: Appendices – References

    Appendices 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

  22. Slide 22: Kookaburra Gully Mineral Resource

    Kookaburra Gully Mineral Resource For personal use only Mt = million tonnes TGC = Total Graphi8c Carbon NB tonnages may not add up exactly as shown due to rounding of significant figures Reference Lincoln Minerals, 2013. Updated Mineral Resources and Metallurgy for Lincoln’s world-­‐class Kookaburra G

  23. Slide 23: Kookaburra Gully Metallurgical Tests

    Kookaburra Gully Metallurgical Tests For personal use only Reference Lincoln Minerals, 2014. Good graphite metallurgical results for Lincoln’s world-­‐class Kookaburra Gully project on South Australia’s Eyre Peninsula. Lincoln Minerals Limited, ASX Announcement January 2014. Lincoln Minerals Limited

  24. Slide 24: Koppio – Kookaburra Gully Exploration Targets

    Koppio – Kookaburra Gully ExploraIon Targets For personal use only It is emphasized that Explora8on Target tonnage es8mates are en8rely conceptual in nature. There has been insufficient drilling in the immediate areas of these targets and it is uncertain if further explora8on will result in the es8ma8

  25. Slide 25: Kookaburra Gully Scoping Study

    Kookaburra Gully Scoping Study Capital Cost EsImate Item EsImate ($) EsImate ($) For personal use only 200,000 tpa 400,000 tpa Kookaburra Gully Graphite Project Mining $380,400 Process plant $22,597,800 Infrastructure $7,329,100 Total direct costs $30,308,100 $34,000,000 EPCM (15%) $4,546,200 Common

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