Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — Investor Presentation (August 2013)
32 slides from Lincoln Minerals's investor presentation, Aug 20, 2013
Slide 1: Emerging Graphite and Iron Ore Producer
EMERGING GRAPHITE AND For personal use only IRON ORE PRODUCER 2 MINES IN 2 YEARS Dr A. John Parker AUGUST 2013 LINCOLN MINERALS LIMITED ASX : LML www.lincolnminerals.com.au Subject to Government approvals, finance and economic market conditions Kookaburra Gully Trench 4 12m @ 20.5% graphitic carbon
Slide 2: Important Notice
Important Notice For personal use only This presentation has been prepared by Lincoln Minerals Limited (“LML") as an aid to a spoken explanation. The information contained in this presentation is a professional opinion only and is given in good faith. Forward-Looking Statements This presentation con
Slide 3: Key Messages: 2 Mines in 2 Years
Key Messages: 2 Mines in 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 and substantial magnetite and hematite resources • Lincoln Minerals is now
Slide 4: Presentation outline
Presentation outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite Projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Project timelines and conclusion 6. Appendices Lincoln Minerals Limited Emerging Graphite & Iron Or
Slide 5: Company Snapshot
Company Snapshot For personal use only • Ticker code: LML ASX- listed • 173 million shares on issue • 4,346 km2 exploration licenses Major acreage holder in • Proven world class flake graphite and iron ore province minerals rich Eyre • Other minerals include copper, lead, zinc, silver, nickel-cobalt
Slide 6: Projects
Projects For personal use only • Dominant position on Eyre Peninsula - tenements totalling 4,346 km2 - proven world class iron ore & flake graphite province - close to infrastructure • High grade JORC Mineral Resources with significant exploration upside in a region with a long history of iron ore &
Slide 7: Rights Issue
1 for 6 Rights Issue For personal use only • Fully underwritten, non-renounceable Rights Issue to raise $1.44 million • 1 for 6 at 5 cents per share , closes 29 August 2013 • Supported by major shareholders • Funds raised to take Gum Flat and Kookaburra Gully projects to key milestones for investmen
Slide 8: Presentation outline
Presentation outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite Projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Project timelines and conclusion 6. Appendices Lincoln Minerals Limited Emerging Graphite & Iron Or
Slide 9: Gum Flat Iron Ore – Barns Deposit
Gum Flat Iron Ore Barns Deposit For personal use only Located only 20km from Port Lincoln Mineral Resource • Stage 1 hematite-goethite resources: Indicated 1.4 Mt @ 49.8% Fe including 0.6 Mt DSO @ 54.2% Fe Inferred 0.7 Mt @ 46.0% Fe • Stage 2 Magnetite resource: 105 Mt at 24% Fe (20.6% DTR magnetite
Slide 10: Gum Flat Iron Ore – Groundwater
Gum Flat Iron Ore Barns Deposit For personal use only Groundwater • Within Southern Basins Prescribed Wells Area • Outside area of saturated limestone aquifer but groundwater occurs in basement rock 25m below ground level • Revised groundwater model based on modified 5 year mine schedule satisfies r
Slide 11: Gum Flat Iron Ore – Stage 1 Mining Costs
Gum Flat Iron Ore Barns Deposit For personal use only Stage 1 Mining Costs • Capex $5.5 million • Container Capex (if required) $12 million • Removal of overburden $9.8 million • Opex (DSO) $37 FOB (Port Lincoln) Shipping Options 1. Containers and Rotainer system from Port Lincoln main wharf 2. Bulk
Slide 12: Presentation outline
Presentation outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Project timelines and conclusion 6. Appendices Lincoln Minerals Limited Emerging Graphite & Iron Or
Slide 13: Graphite
Graphite For personal use only Graphite is an industrial mineral with numerous applications and rising demand drivers Refractory & Hot Metal Carbon Engineering Mobile Energy Metallurgy Forming Additives Materials Refractories Lubricants for Conductive Solar Power Alkaline Seamless Tubes Plastics Bat
Slide 14: Lincoln has Graphite Projects
Lincoln has 5 Graphite Projects For personal use only Project Current Status 2013 - 2014 • Detailed metallurgical studies • Indicated & Inferred JORC • Customer and market development Mineral Resource KOOKABURRA GULLY • Approval to mine • 2.25 Mt @ 15.0% TGC • Trial mining & pilot plant • Scoping st
Slide 15: Kookaburra Gully Project
Kookaburra Gully Project Summary For personal use only • JORC Mineral Resource containing 2.25 million tonnes Indicated and Inferred at 15% TGC (5% TGC cutoff) • Highly sought after premium flake graphite produced at grades >90% TGC without chemical leaching • Up to 95.8% TGC after 4 stage flotation
Slide 16: Kookaburra Gully Deposit
Kookaburra Gully Deposit For personal use only ■ Identified by Pancontinental Mining in 1980s & drilled in 2013 by LML ■ Average size graphite flakes >100 micron ■ Up to 40% total graphitic carbon (TGC) with drill intercepts up to 30m at 20.5% TGC ■ Mineralisation extends from surface to at least 12
Slide 17: Kookaburra Gully is a Top Global Graphite Resource
Kookaburra Gully is a Top 10 Global Graphite Resource For personal use only Excluding China & Sri Lankan vein deposits “Kookaburra Gully is a world class deposit capable of delivering near term production at low cost; and there is significant potential as we explore major consistent EM anomalies imm
Slide 18: Scoping Studies Completed
Scoping Studies Completed Full-scale Processing Plant For personal use only Parsons Brinckerhoff – Aug-Sept 2012 Open pit – low cost earthmoving op Process 200,000+ tonnes ore per annum Produce 25,000+ tonnes per annum of high grade (>90% TGC) graphite Capex: $38 million Opex (excludin
Slide 19: Significant Exploration Upside
Significant Exploration Upside ■ Airborne Tempest EM survey 2012 For personal use only ■ >4.5km EM anomaly extending SW from Kookaburra Gully ■ Exploration Target of 7 – 20 Mt at Kookaburra Gully Extended ■ Other significant EM anomalies: Koppio Mine Glendara, Yellow Gums & Pernella ■ Drilling p
Slide 20: Presentation outline
Presentation outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Project timelines and conclusion 6. Appendices Lincoln Minerals Limited Emerging Graphite & Iron Or
Slide 21: Summary Timelines – 2 Mines in 2 Years
Summary Timelines – 2 Mines in 2 Years* For personal use only 2013 H2 2014 H1 2014 H2 2015 H1 2015 H2 Barns Stage 1 Groundwater Hematite Approvals Mining Lease Remove Mine & Export DSO Hematite Application & PEPR Overburden Kookaburra Metallurgy & Secure Sales Mine & Gully Marketing Contracts Export
Slide 22: Thank you
For personal use only THANKYOU Dr. A. John Parker Managing Director LINCOLN MINERALS LIMITED +61 8 8274 0243 Lincoln Minerals Limited Emerging Graphite & Iron Ore Producer
Slide 23: Presentation outline
Presentation outline For personal use only 1. Company snapshot 2. Gum Flat Iron Ore Project 3. Graphite and Lincoln Minerals Graphite projects 4. Kookaburra Gully High Grade Flake Graphite Resource 5. Project timelines and conclusion 6. Appendices Lincoln Minerals Limited Emerging Graphite & Iron Or
Slide 24: References
This presentation has been prepared by Lincoln Minerals Limited (“LML") as an aid to a spoken For personal use only explanation. The information contained in this presentation is based on a number of public statements, Quarterly Reports and ASX releases made by LML: References Lincoln Minerals, 2012
Slide 25: Growth of Iron Ore Assets
Growth of Iron Ore Assets • Since 2007 Lincoln Minerals has grown its iron ore potential & exploration targets For personal use only • And established significant Inferred and Indicated Resources at Gum Flat & Eurilla ** It is emphasized that exploration target tonnage estimates are entirely concept
Slide 26: Gum Flat Mineral Resource
Gum Flat Mineral Resource For personal use only JORC Million Tonnes Head Grade Prospect Status (Mt) (% Fe) Barns magnetite Indicated 12.3 26.6 Barns magnetite Inferred 88.9 23.5 Rifle Range magnetite Inferred 3.5 27.1 Barns hematite Indicated 1.4 49.8 Barns hematite Inferred 0.7 46.0 Rifle Range/She
Slide 27: History of Key Graphite Projects
History of Key Graphite Projects Kookaburra Gully For personal use only Identified & investigated by Pancontinental Mining during the 1980s & drilled in 2013 by LML Koppio Graphite Mine - mined up to 1944 Petrology - average size graphite flakes >100 micron Beneficiation 500kg sample @ 18% TGC
Slide 28: Kookaburra Gully Scoping Study
Kookaburra Gully Scoping Study For personal use only Mt = million tonnes TGC = Total Graphitic Carbon NB tonnages may not add up exactly as shown due to rounding of significant figures Reference Lincoln Minerals, 2013. Maiden high-grade flake graphite Indicated Resource for Lincoln’s world-class Koo
Slide 29: Koppio – Kookaburra Gully Exploration Targets
Koppio – Kookaburra Gully Exploration Targets For personal use only It is emphasized that Exploration Target tonnage estimates are entirely conceptual in nature. There has been insufficient drilling in the immediate areas of these targets and it is uncertain if further exploration will result in the
Slide 30: Simple Low Cost Processing
Simple Low Cost Processing 4 stage flotation For personal use only Mine, crush incl. flash flotation, regrind as needed screen & mill then rougher, scavenger & cleaner flotation cells Thicken, press dry, bag & export Lincoln Minerals Limited Emerging Graphite & Iron Ore Producer
Slide 31: Kookaburra Gully Scoping Study
Kookaburra Gully Scoping Study Capital Cost Estimate Item Estimate ($) Estimate ($) 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 Com
Slide 32: Long-term Exploration Targets
Long-term Exploration Targets Campoona Syncline For personal use only Immediately adjacent to Archer Exploration (AXE) & Monax Mining (MOX) graphite discoveries Campoona, Jamieson Tank & Sugarloaf Hill EM anomalies extend onto EL 4883 Further potential in Campoona Syncline between Campoona & S
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