Lincoln Minerals Limited · ASX:LML
Lincoln Minerals — Investor Presentation (May 2008)
19 slides from Lincoln Minerals's investor presentation, May 19, 2008
Slide 1: Indian metals group to significantly expand interests in Lincoln Minerals
Indian metals group to significantly f expand interests in Lincoln Minerals Iron Ore Nickel, Uranium, Base Metals & Gold 19 May 2008
Slide 2: Vote of Confidence
Leading Indian metals and iron ore mining group Mi Mineral l Enterprises E t i Limited Li it d potential to become Lincoln Minerals’ largest single shareholder and to also increase its funding of the Company’s expanding iron ore projects. Boost its Lincoln Minerals shareholding from 4.7% up to 19.99
Slide 3: Disclaimer
LINCOLN MINERALS LIMITED Disclaimer This presentation has been prepared by Lincoln Minerals Limited ((“LML") 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. The presentation is for the information of s
Slide 4: Lincoln Minerals Limited
LINCOLN MINERALS LIMITED Lincoln Minerals Limited Listed on ASX 9 March 2007 after raising $7 million by public subscription a 75,172,221 Shares + 35,776,854 listed Options + 9,103,332 unlisted Options a Market capitalisation p ((May y 2008 @ 20 cents/share)) $15 million a Cash on hand at end of Apr
Slide 5: Rights Issue
LINCOLN MINERALS LIMITED Rights Issue Announced 19 9 May 2008 008 26 cents per share to raise up to $4.88 million 1 new share h + 1 new option ti ffor every 4 shares h held at 7pm, 27 May 2008 Underwritten by Ferromet International Trading Pte Limited: o Incorporated in Singapore o Subsidiary of MEL
Slide 6: Mineral Enterprises Limited
LINCOLN MINERALS LIMITED Mineral Enterprises Limited Based in Bangalore, India An iron ore miner and exporter p in its own right g and regarded g as one of India’s most progressive and scientific mining companies with a focus on mining, trading and exports logistics and infrastructure development As
Slide 7: Core Projects
LINCOLN MINERALS LIMITED Gawler Craton Core Projects Iron Ore Gum Flat, Wanilla JV & Cummins Nickel Cockabidnie & Tumby Bay Uranium Wilcherry, Mount Hill Wilcherry Hill, Cockabidnie, Cockabidnie Carinya, Kimba Gap & Tumby Bay Olympic Domain IOCGU Torrens Tenements Exclusive Rights Area ((sq q km)) 1
Slide 8: Iron Ore
LINCOLN MINERALS LIMITED Iron Ore Eyre Peninsula is a major iron ore province – the original centre of iron ore production in Australia before the Pilbara OneSteel’s Middleback Range mines (formerly operated by BHP) have produced >200 Mt high grade hematite iron ore since ca. 1900 Lincoln Minerals’
Slide 9: Gum Flat Iron Ore Project
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Project EL 3422 Several shallow hematite & magnetite g iron ore targets g within 20km of Port Lincoln 2007 drilling intersected hematite BIF with up to 56.6% Fe + high grade magnetite BIF >5km high intensity magnetic anomalies Conceptual exploration target
Slide 10: Gum Flat Iron Ore Project
LINCOLN MINERALS LIMITED Gum Flat Iron O P Ore Project j t Geophysical model: • Shallow Sh ll dip 20 300 W di 20-30 • Calcarenite cover 20-25m • Depth to top of magnetite 50-80m • Strike length >3.5km >3 5km • Along strike from Greenpatch where • 75 Mt magnetite BIF (to 200m bgl) • @ 25-30% DTS (mag
Slide 11: Gum Flat Iron Ore Project
LINCOLN MINERALS LIMITED Gum Flat Iron Ore Project • Scoping Study in progress to examine beneficiation of hematite BIF (scheduled for completion by June 2008) • Conceptual Magnetite Operation (based on previous scoping study) • Mine 10Mt ore per year • Crushing plant etc at mine site near Coomunga
Slide 12: Iron Ore
LINCOLN MINERALS LIMITED Iron Ore southern Eyre y Peninsula JV with ith IInterMet t M t Resources R to earn 80% by spending $2 million on exploration (all minerals except uranium) Mineral Enterprises Australia to contribute 50% funding to earn 40% Gravity surveys in progress to locate hematite targe
Slide 13: Cummins-Wanilla Project
LINCOLN MINERALS LIMITED Cummins-Wanilla Project Extensive iron ore exploration targets defined by aeromagnetics
Slide 14: Campoona Nickel Discovery
Cockabidnie Project Campoona Nickel Discovery LINCOLN MINERALS LIMITED Initial focus on unconformity uranium at base of Blue Range Beds + gold & base metals Phase 1 drilling completed Sept 2007 AN EXCITING NEW LATERITIC NICKEL DISCOVERY (0.7% (0 7% Ni) + good base metal, gold & uranium results 5km l
Slide 15: Jungle Dam Uranium Discovery
LINCOLN MINERALS LIMITED Wilcherry Project Jungle Dam Uranium Discovery High priority Menninnie Dam & Weednanna style zinc-lead-silver, gold & magnetite targets Palaeochannel uranium potential 2007 drilling intersected up to 0.05% U with massive sulphide & graphite Coincident uranium anomalism in re
Slide 16: Torrens Project
LINCOLN MINERALS LIMITED Torrens Project Within Olympic Dam Copper-Gold-Uranium Province Awarded a 2008 SA Govt PACE grant (Plan for Accelerating Exploration) – up to $100,000 for drilling Moderate magnetic depth estimates similar to or shallower than Punt Hill and Carapateena Gravity survey complet
Slide 17: Market Capitalisation of Australian Iron Ore Companies
Market Capitalisation of Australian “Iron Ore” Companies
Slide 18: Future operating costs – land based transport
Future operating p g – land based transport p costs Lincoln Minerals’ long term competitive advantage
Slide 19: Summary
Summary Indian metals and iron iron-ore ore mining group Mineral Enterprises Limited expanding its exploration and investment partnership o Increased JV funding for Iron Ore exploration at Gum Flat and Wanilla o Underwritingg 1-for-4 Rights g Issue o Potential to be Lincoln Minerals largest sharehol