Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — Investor Presentation (May 2009)
16 slides from Lincoln Minerals's investor presentation, May 26, 2009
Slide 1: Explorer to Producer
For personal use only Explorer to Producer Iron Ore Uranium, Nickel-Cobalt, Base Metals & Gold 26 May 2009
Slide 2: Highlights
For personal use only Highlights • Development of iron ore mine in Indonesia • Maiden iron ore resource at Gum Flat • $2 million 1-for-3 Rights Issue • Scoping studies in progress: - Nickel-cobalt at Cockabidnie - Uranium at Wilcherry Ongoing support from Indian metals and iron ore mining group Mine
Slide 3: Lincoln Minerals Limited
LINCOLN MINERALS LIMITED LINCOLN MINERALS LIMITED # Listed on ASX 9 March 2007 after raising $7 million by public subscription a For personal use only # 75,372,221 Shares + 35,776,854 listed Options + 9,313,332 unlisted Options # Market capitalisation (May 2009 @ 9.5 cents/share) $7.1 million a # Ca
Slide 4: Desa Mirah Iron Ore Mine
DESA MIRAH IRON ORE MINE LINCOLN MINERALS LIMITED # Located in south-central Kalimantan (Borneo) For personal use only # High grade hematite – up to 68.7% Fe # 7,000-10,000t stockpile: Fe% SiO2% Al2O3% P% LOI% 66.2 2.02 1.31 0.04 1.85 # Ready to go into production with all mining approvals & permits
Slide 5: Desa Mirah Iron Ore Mine
LINCOLN MINERALS LIMITED DESA MIRAH IRON ORE MINE For personal use only • Earning 45% interest in mine and exploration concession • US$2 million from LML’s share of mine profits • Initial production 20,000 tonnes per month • Outcrop sampling & ground magnetic survey have outlined good exploration ta
Slide 6: Desa Mirah Iron Ore Mine
LINCOLN MINERALS LIMITED DESA MIRAH IRON ORE MINE Ground magnetic survey defined Exploration Target in For personal use only mining lease 0.9-2.6 Mt @ 60-68% Fe
Slide 7: Desa Mirah Iron Ore Mine
LINCOLN MINERALS LIMITED DESA MIRAH IRON ORE MINE For personal use only • Exciting development for Lincoln Minerals • Set to become iron ore producer only 2 years after listing • Little or no cost to existing investors • Cash-flow positive in about 6 months from mine startup • Opens up other new opp
Slide 8: South Australia Gawler Craton Core Projects
LINCOLN MINERALS LIMITED South Australia Gawler Craton For personal use only Core Projects Iron Ore # Gum Flat, Wanilla JV & Cummins Nickel-Cobalt # Cockabidnie & Tumby Bay Uranium # Wilcherry, Mount Hill, Cockabidnie, Carinya, Kimba Gap & Tumby Bay Copper, Gold & Base Metals # Cockabidnie, Tumby Ba
Slide 9: Gum Flat Iron Ore Project
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Project EL 3422 Lincoln Minerals 60% For personal use only Indian Mineral Enterprises # Several shallow hematite & Group 40% magnetite iron ore deposits within 20km of Port Lincoln # Completed Phase 2-3 drilling & defined maiden resource # Hematite BIF with
Slide 10: Gum Flat Iron Ore Project - Barns Prospect
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Project Barns Prospect For personal use only # Shallow dipping 80m thick BIF beneath thin cover sequence # Hematite down to ca. 70m depth then magnetite BIF # Inferred hematite resource 1.3 Mt @ 47.1% Fe with high grade core 0.9 Mt @ 52.7% Fe # GFRC103 18m
Slide 11: Gum Flat Iron Ore Project
LINCOLN MINERALS LIMITED For personal use only Gum Flat Iron Ore Project • Total Inferred Resources: • Magnetite 55 Mt @ 20.6% DTR • Hematite 1.2 Mt at 51.6% Fe (45% Fe cutoff) or 2.5 Mt at 45.5% Fe (35% Fe cutoff) Distance from Port • Total Exploration Targets: 800 IMX • Magnetite 125-200 Mt at 15-
Slide 12: Cockabidnie Nickel-Cobalt
Cockabidnie Nickel-Cobalt LINCOLN MINERALS LIMITED # Following discovery in Sept 2007, drilling in April For personal use only 2008 has defined AN EXCITING NEW LATERITIC NICKEL-COBALT PROSPECT (up to 1.15% Ni & 0.33% Co) # Including 30m @ 0.8% Ni equivalent (Ni + 5*Co) # + good base metal, gold & ur
Slide 13: Wilcherry Uranium
LINCOLN MINERALS LIMITED Wilcherry Uranium For personal use only # 2007-08 drilling intersected up to 0.06% uranium with massive sulphide, graphite & base metals up to 0.5% copper # 200m wide zone of mineralisation continuous over >200m strike length open to N & S # U occurs as Francoisite-Ce # Uran
Slide 14: 1-for-3 Non-renounceable Rights Issue
For personal use only Up to $2 million 1-for-3 Non-renounceable Rights Issue • Shareholders registered at 1 June 2009 • Approximately 25.12 million fully paid ordinary shares • Issue price of 8 cents per share • Opens 5 June, 2009 • Closes 5.00 pm ACST 22 June, 2009 6 Projected Cash • Not underwritt
Slide 15: Summary
Summary For personal use only INDONESIA Desa Mirah Iron Ore Mine Taking Lincoln Minerals from explorer to producer & cash flow positive in about 6 months SOUTH AUSTRALIA Maintaining an active exploration & resource definition program combined with scoping studies to consolidate opportunities for dev
Slide 16: Disclaimer & Competent Person Statement
LINCOLN MINERALS LIMITED Disclaimer & Competent Person Statement 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.