Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — Investor Presentation (June 2024)
30 slides from Lincoln Minerals's investor presentation, Jun 3, 2024
Slide 1: Developing Australian Graphite, Uranium and Green Iron
ASX:LML ASX: LML Developing Australian Graphite, Uranium and Green Iron For the Global Energy Transition Corporate Presentation Australian Critical Minerals Delegation to Europe 3 June 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 f
Slide 3: Lincoln achieved a seven-month strategic transition
ASX:LML Lincoln achieved a seven-month1 strategic transition 3 Achieved in Seven Months Go Forward Strategy • Doubled the Kookaburra Graphite Resource • Drilled to increase our high-grade graphite core, Objective: Develop the Kookaburra Graphite that begins at surface Project to be dig ready by 2H C
Slide 4: The transition in Lincoln's valuation is just beginning
ASX:LML The transition in Lincoln's valuation is just beginning 4 Renascor Market Cap $252M Kookaburra Gully Graphite Project included in Siviour Graphite Project 2023 Australian Critical Minerals Prospectus 8.5 t Contained Graphite at 6.9% TGC (2.3% cut-off) Lincoln Minerals Market Cap $12M Kookabu
Slide 5: Company Overview
ASX:LML Company Overview 5 Capital Structure LML A$0.071 1,704M $11.92M $1.0M2 Nil ASX Code Share Shares Market Cash Debt Price on Issue Capitalisation LML six-month share price 120 $0.010 Ruiya (Yoyo) Zhang Ms Zhang is a qualified accountant with extensive business networks in Australia and interna
Slide 6: Government Backing for Battery Minerals: Focus on Graphite
ASX:LML Government Backing for Battery Minerals: Focus on Graphite 6 Australia is a global leader in the production of critical minerals essential for battery technologies, including graphite. Australia’s newly released 2035 vision is: • Globally competitive producer of batteries and battery materia
Slide 7: ESG Commitment
ASX:LML ESG Commitment Lincoln aims to be a leader in the mining industry for early stakeholder engagement. By actively involving stakeholders from the beginning of the studies, Lincoln ensures that their valuable feedback influences the planning, design and decision-making process, resulting in ele
Slide 8: Lincoln has the Right Rocks
ASX:LML Lincoln has the Right Rocks 8 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 t
Slide 9: Right Jurisdiction, Right Infrastructure
ASX:LML Right Jurisdiction, Right Infrastructure 9 Jurisdiction • South Australia ranks highly in for global mining investment – Respected Fraser Institute Ranking. • Proven legislation to explore, develop, approve and mine uranium. Infrastructure • Lincoln’s tenements are surrounded by infrastructu
Slide 10: High Growth Commodities for a De-Carbonising World: Graphite, Uranium and Magnetite
ASX:LML High Growth Commodities for a De-Carbonising World: 10 Graphite, Uranium and Magnetite DEVELOP: GRAPHITE EXPLORE: URANIUM PARTNER: MAGNETITE Kookaburra Graphite Project Uranium Eyre Portfolio2 Green Iron Project • Flagship project with 12.8Mt • Historic uranium drill • 1.2 billion tonne Fe r
Slide 11: Why is Lincoln choosing graphite?
ASX:LML Why is Lincoln choosing graphite? It is a Growth Market, the opportunity to develop a potential Tier 1 Asset, with its high-grade graphite core on an awarded Mining Lease, in the most prominent graphite region in Australia, highly prospective for further world-class discoveries. From Critica
Slide 12: Australia's World-Class Graphite Province
ASX:LML Australia's World-Class Graphite Province 12 South Australia’s JORC Graphite Resources1 Kookaburra Graphite Project • The Hutchison Group formation, possesses over 60% of Australia’s JORC graphite resources. • Lincoln holds the second largest graphite resource of 12.3Mt at 7.3% TGC on Eyre P
Slide 13: High Grade Orebodies favourable to early payback period, high IRR and low cost mining
ASX:LML High Grade Orebodies favourable to early payback period, 13 high IRR and low cost mining • Kookaburra Gully Resource has a High-Grade Core, starting at surface of 2.9Mt at 13.6% TGC. With grades on the surface of 12m @ 20.5% TGC and within core up to 31% TGC. The Resource is open at depth an
Slide 14: Pilot Plant Program Completed 2018
ASX:LML Pilot Plant Program Completed 2018 14 Metallurgical and Test Work Completed1 • Multiple tests confirmed >90% recovery & concentrate grades >95% LOI. • Pilot Plant produced a TGC of 96.2% in the concentrate. • Purification process test work achieved 99.9% TGC purity after hydrofluoric acid le
Slide 15: Kookaburra Gully Mining Lease – Work Completed
ASX:LML Kookaburra Gully Mining Lease – Work Completed 15 - Granted Mining Lease (ML6460) 2016 2017 Feasibility Study demonstrated strong project economics at modest scale (35ktpa). - Feasibility Study1 for 35ktpa completed in 2017 - Draft KG PEPR (Operation and Environment Approval) 2017 2017 - Pil
Slide 16: Vertical Integrated “Mine to Battery” Scoping Study
ASX:LML Vertical Integrated “Mine to Battery” Scoping Study 16 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 or other battery test work,
Slide 17: Graphite Outlook for 2024: High Value Creation at Low Cost
ASX:LML Graphite Outlook for 2024: 17 High Value Creation at Low Cost CY2024 CY2025 Pre-Feasibility Study Dig Ready Resource Update Resource Drilling Initial Conditional Offtake Contracts Q3 H1 Q2 Q4 H2 Trade Off & Value Chain Studies Feasibility Study BAM Scoping Study Resource Update Kookaburra Pr
Slide 18: Green Iron Project
ASX:LML Green Iron Project 18 Individual ore-body JORC Resource summary1 Location of Lincoln’s Magnetite Project deposits along a regional magnetic trend June 2024 1. Lincoln confirms strategic 1.2 Billion tonne Magnetite Resource as announced (Lincoln Minerals Limited ASX release 21 March 2024)
Slide 19: Lincoln Uranium Project
ASX:LML Lincoln Uranium Project 19 Lincoln’s uranium has multiple highly prospective uranium targets across its existing tenement portfolio on Eyre Peninsula2 • Highlights from historic work include: • Jungle Dam – intersected up to 570 ppm U in scout drilling; • Carinya – Historic drill hole KA 4 i
Slide 20: Lincoln – Investment Highlights
ASX:LML Lincoln – Investment Highlights 20 Exposure to exciting Graphite, Uranium and Magnetite all expected to be in structural undersupply commodities Dominant position on SA's Hutchison Formation - second largest graphite Tier 1 project location resource with growth and scale potential. Highest g
Slide 21: For Further Information
For Further Information: Jonathon Trewartha Chief Executive Officer Lincoln Minerals Limited Jonathon.trewartha@lincolnminerals.com.au 1300 137 116 Nathan Ryan Investor and Media Relations NWR Communications nathan.ryan@nwrcommunications.com.au +61 420 582 887 Community Enquiries Community@lincolnmi
Slide 22: Appendix
Appendix 7 Lincoln Minerals
Slide 23: Increasing our Graphite Resource Base
ASX:LML Increasing our Graphite Resource Base 23 Kookaburra Graphite Project Total Mineral Resources1 Cut-off Contained Measured and Indicated Tonnage Average Grade Grade Mineral Resource Estimates1 (%TGC) (Mt) (% TGC) Graphite (kt) • Doubled the Kookaburra Gully Resource Base since Measured 2% 1.00
Slide 24: Lincoln Uranium Project
ASX:LML Lincoln Uranium Project 24 Lincoln’s uranium has multiple highly prospective uranium targets across its existing tenement portfolio on Eyre Peninsula.2 • Highlights from historic work include: • Jungle Dam – intersected up to 570 ppm U in scout drilling; • Carinya – Historic drill hole KA 4
Slide 25: Jungle Dam Uranium Target
ASX:LML Jungle Dam Uranium Target 25 June 2024 lincolnminerals.com.au
Slide 26: Jungle Dam – Follow-up drilling planned for September
ASX:LML Jungle Dam – Follow-up drilling planned for September 26 Previous holes yielded peak assays • WCRC008 of 570 ppm U • WCAC052 4m at 300ppm U • EU016 6m at 200ppm U June 2024 Location of Lincoln's historical aircore drill holes
Slide 27: Demonstrating Prospectivity and Generating New Targets
ASX:LML Demonstrating Prospectivity and Generating New Targets 27 Next Steps • Jungle Dam: Drilling program targeted for September. • Eridani: targeting existing quarry location with on-ground exploration planned to commence as soon as exploration approvals are granted. • Carinya and White Flat: Reg
Slide 28: Green Iron Project, SA
ASX:LML Green Iron Project, SA 28 • Lincoln’s Green Iron Project is a potential large-scale export magnetite project on SA’s Eyre Peninsula • Potential key project within the South Australian Government’s soon to be released magnetite strategy and possible supplier to the local “green steel” industr
Slide 29: Green Iron: A Sustainable Steel Solution
ASX:LML Green Iron: A Sustainable Steel Solution 29 Magnetite + Renewable Energy + Green Hydrogen Tier 1, geopolitically stable location • Slashing Emissions: Green iron production cuts greenhouse Abundant magnetite resources gas emissions by up to 95% compared to traditional methods 100% renewable
Slide 30: Green Iron Project, SA
ASX:LML Green Iron Project, SA 30 • Lincoln’s Green Iron Project is a potential large-scale export magnetite project on SA’s Eyre Peninsula • 1.2 billion tonne (Bt) magnetite iron ore JORC resource, with strong metallurgical recoveries and a high-quality end product. • A key project within the South