Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — 121 Mining Conference, New York 2024
28 slides from Lincoln Minerals's conference presentation, Oct 22, 2024
Slide 1: Targeting to be Australia's first Graphite Producer
ASX:LML ASX: LML Targeting to be Australia’s first Graphite Producer Corporate Presentation - 121 Conference, New York October 2024
Slide 2: Important Notice and Disclaimer
ASX:LML Important Notice and Disclaimer 2 Disclaimer and Competent Person Statement • The information contained in this document (“Presentation”) has been prepared Lincoln Minerals Limited forward-looking future performance and actual results or developments may differ materially from those in the (
Slide 3: Proven Management with a Track Record of Value Creation
ASX:LML Proven Management with a Track Record of Value Creation 3 Capital Structure LML A$0.0061 2,056M $12.3M $1.5M2 Nil ASX Code Share Shares Market Cash Debt Price on Issue Capitalisation 12-month Share Price performance Ruiya (Yoyo) Zhang Ms Zhang is a qualified accountant with extensive busines
Slide 4: Overview of Lincoln Minerals
ASX:LML Overview of Lincoln Minerals 4 1. Lincoln doubles Eyre Peninsula graphite resource in seven months (LML ASX release 15 April 2024) 2. Historic uranium drill intercept up to 570 ppm (LML ASX release 9 April 2024) 3. Lincoln confirms strategic 1.2 Billion Tonne Magnetite Resource (LML ASX rele
Slide 5: Kookaburra Graphite Project – Key Investment Highlights
ASX:LML Kookaburra Graphite Project – Key Investment Highlights 5 Pre-Feasibility Study expected to finalised and announced by the end of October 2024 Economic Potential High-Grade Standard Tier 1 Location Experienced Resource Processing Management Lincoln aims to show Kookaburra Graphite High-purit
Slide 6: Two Graphite Market Segments
ASX:LML Two Graphite Market Segments 6 Traditional Graphite Markets provide strong demand: Lincoln is initially targeting the sale of its graphite concentrate product into the established industrial graphite markets, where there is solid demand. Graphite customers currently source product mostly fro
Slide 7: Graphite Market Entry Strategy
ASX:LML Graphite Market Entry Strategy 7 Graphite is an industrial mineral Staged ramp up to maximise returns Unlike exchange-traded commodities, graphite sales By starting small, Lincoln will be able to place initial require matching customer needs to specific mine production into the traditional i
Slide 8: Australia's World-Class Graphite Province
ASX:LML Australia's World-Class Graphite Province 8 South Australia’s Graphite Mineral Resources1 Kookaburra Graphite Project • SA’s Hutchison Group formation, possesses over 66% of Australia’s graphite mineral resources2. • Lincoln holds the second largest graphite resource of 12.3Mt at 7.3% TGC on
Slide 9: Stage 1 Pit provides potential First Mover Advantage
ASX:LML Stage 1 Pit provides potential First Mover Advantage 9 Outcropping early access to high grade resources, with low ore to waste stripping ratio KGP high-grade mining October 2024 lincolnminerals.com.au
Slide 10: KGP site layout - three pits
ASX:LML KGP site layout - three pits 10 PEA Presentation October 2024 – October 2024 lincolnminerals.com.au
Slide 11: Process and Recovery
ASX:LML Process and Recovery 11 Previous comprehensive testing undertaken on bulk samples used to develop the process flowsheet. Process results indicated a significant portion of the graphite was recoverable at desired purity levels: • Locked cycle testing (LCT) confirmed >95% LOI (loss on ignition
Slide 12: Infrastructure – Regional and Local
ASX:LML Infrastructure – Regional and Local 12 Major Regional Logistics Advantages: • New desalination plant under construction at Port Lincoln • Recently upgraded 132 kV transmission line runs directly through the project, connecting to SA’s renewables-backed grid, providing access to “green” power
Slide 13: Vertical Integrated “Mine to Battery” Scoping Study
ASX:LML Vertical Integrated “Mine to Battery” Scoping Study 13 KGP test work confirms suitability • Independent review of metallurgical test work confirms KGP graphite is suitable for feedstock for high quality battery anode material. • Nearly all additional metallurgical and battery test work requi
Slide 14: Graphite Outlook: Positioned for Rapid Acceleration in CY2025
ASX:LML Graphite Outlook: Positioned for Rapid Acceleration in 14 CY2025 CY2024 CY2025 CY2026 Pre-Feasibility Study Construction Feasibility Study (FS) Production (PFS) Q1 H2 Q4 Q2 Drilling and Test Work for Strategic Equity, Government Incentives and Debt Funding Feasibility Study Operational Permi
Slide 15: Why Green Steel? Why Now?
ASX:LML Why Green Steel? Why Now? 15 • What is Green Steel Forecast Magnetite Iron Ore Demand-Supply Gap • Green Steel refers to steel production that reduces or eliminates greenhouse gas emissions and other harmful environmental impacts • Why is Green Steel Important? • The shift to green steel is
Slide 16: Lincoln Minerals' Magnetite “Green Iron” Project, South Australia
ASX:LML Lincoln Minerals’ Magnetite “Green Iron” Project, South Australia 16 • 1.2 billion tonne magnetite Mineral Resource1 on SA’s Eyre Peninsula • Same geology as existing SIMEC magnetite concentrate operations nearby • Lincoln inherited the project during an iron ore price decline, via the wind
Slide 17: SA's best undeveloped magnetite asset by grade, size and closeness to major infrastructure
SA’s best undeveloped magnetite asset by grade, ASX:LML size and closeness to major infrastructure Lincoln’s Green Iron Project has clear advantages due to scale, grade and proximity to port Groupings of magnetite resources in South Australia. The Middleback Range area (which hosts Lincoln’s Green I
Slide 18: Strong Government Support
ASX:LML Strong Government Support 18 South Australian Green Iron and Steel Strategy • South Australian Government aims to develop a local green iron and steel industry, based on SA’s unique competitive advantages: • Abundant and high-grade magnetite resources • Access to renewable energy • Strategy
Slide 19: Starting From an Advanced Base
ASX:LML Starting From an Advanced Base 19 • Previous advanced studies on two projects, collectively known as the Fusion Project. • Fusion Project Scoping Study competed in 2013, and significant advancement of Definitive Feasibility Studies (DFS)1,2 • Trade-off studies completed for utilities, grindi
Slide 20: Infrastructure Advantages
ASX:LML Infrastructure Advantages 20 Major logistics Advantages Over Many Regional Iron Ore Projects: • Proximity to the existing Port Lincoln bulk port, with two additional bulk port developments proposed. • Low-cost slurry pipeline for ore transport, mirroring a proven solution already in place at
Slide 21: Lincoln Uranium Projects - Highlights
ASX:LML Lincoln Uranium Projects - Highlights 21 Lincoln’s uranium has multiple highly prospective uranium targets across its existing tenement portfolio on Eyre Peninsula. • Highlights from historic work include: • Jungle Dam – intersected up to 570 ppm U in scout drilling1; • Yallunda – Historic d
Slide 22: Summary of Key Activities
ASX:LML Summary of Key Activities 22 Highlights: Key Catalysts: • Lincoln’s South Australian uranium projects are all highly Yallunda attractive and advanced exploration propositions. • Sampling program targeting 7km radiometric anomaly – November • Known uranium mineralisation exists on each projec
Slide 23: Lincoln – Investment Highlights
ASX:LML Lincoln – Investment Highlights 23 Exposure to exciting Graphite, Uranium and Magnetite all expected to be in structural undersupply commodities First-mover advantage on Focused on becoming Australia’s next graphite producer – Eyre Peninsula’s second production largest graphite resource with
Slide 24: 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 25: Appendix
Appendix Lincoln Minerals
Slide 26: Increasing KGP's Graphite Resource Base
ASX:LML Increasing KGP’s Graphite Resource Base 26 Kookaburra Graphite Project Total Mineral Resources 1 Cut-off Measured and Indicated Tonnage Average Grade Contained Mineral Resource Estimates1 Grade (Mt) (% TGC) Graphite (kt) • Doubled the Resource (%TGC) Base since September Kookaburra Gully 202
Slide 27: Fusion and Carrow Project – Mineral Resources Summary
ASX:LML Fusion and Carrow Project – Mineral Resources Summary 27 Deposit Name JORC Yea r Classificatio n Tonnes Mass Recove ry Fe Hea d SiO 2 Head Fe Con SiO 2 Con Large, high-quality resource Status (Mt) (% ) (% ) (% ) (% ) (% ) Kop pio 200 4 Measured 10.8 18 22.7 52.3 68.2 4.1 • Lincoln's Green Ir
Slide 28: Lincoln Has the Right Rocks
ASX:LML Lincoln Has the Right Rocks 28 Our tenements are part of the Gawler Craton; the right rocks all in one region. Graphite, uranium, magnetite, also copper and gold. Graphite • South Australia has the largest share (66%) of Australia’s confirmed graphite reserves.1 Uranium • South Australia is
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