Lincoln Minerals Limited · ASX:LML

Lincoln Minerals — Shareholder Meeting (November 2012)

21 slides from Lincoln Minerals's shareholder meeting presentation, Nov 27, 2012

  1. Slide 1: 2012 AGM Presentation: A World Class Iron, Graphite and Copper Province

    2012 AGM Presenta/on Eyre Peninsula For personal use only A World Class Iron, Graphite and Copper Province Dr A. John Parker, Managing Director ASX Code: LML Kookaburra Gully Trench 4 www.lincolnminerals.com.au 12m @ 20.5% graphiJc carbon 27 November 2012

  2. Slide 2: Important Notice

    Important No/ce For personal use only This presentaJon has been prepared by Lincoln Minerals Limited (“LML") as an aid to a spoken explanaJon. The informaJon contained in this presentaJon is a professional opinion only and is given in good faith. Forward-­‐Looking Statements This presentaJon contain

  3. Slide 3: Company Overview

    Lincoln Minerals Limited For personal use only Company Overview • Listed on ASX March 2007 • 166.1 million shares on issue • Market capitalisaJon (November 2012 @ 7.5 cents/share) $12.5 million • 27 exploraJon tenements on Eyre Peninsula totalling 4,636 sq kms • Offices in Adelaide and Port Lincoln •

  4. Slide 4: Assets: Exploration & Development

    Assets For personal use only Explora/on & Development • Strategic tenement holdings on Eyre Peninsula total 4,636 sq km • Established Iron Ore Resources: • Gum Flat total 105 Mt magneJte Inferred and Indicated @ 24% Fe • Gum Flat total 4.2 Mt hemaJte Inferred and Indicated @ 44% Fe incl. some DSO •

  5. Slide 5: Growth of Iron Ore Assets

    Growth of Iron Ore Assets • Since 2007 Lincoln Minerals has grown its iron ore potenJal and exploraJon targets For personal use only • And established significant inferred and indicated resources at Gum Flat & Eurilla ** It is emphasized that exploraJon target tonnage esJmates are enJrely conceptual

  6. Slide 6: Gum Flat Iron Ore Project: Barns Deposit

    Gum Flat Iron Ore Project For personal use only Barns Deposit • Located 20km from Port Lincoln Mineral Resource • HemaJte-­‐goethite Mineral Resources based on proposed pit design: – Indicated 1.4 Mt @ 49.8% Fe – Inferred 0.7 Mt @ 46.0% Fe • MagneJte Mineral Resource: – Indicated 12.3 Mt @ 26.6% Fe

  7. Slide 7: Gum Flat Barns Deposit: Stage 1 mine proposal

    Gum Flat Barns Deposit Stage 1 mine proposal For personal use only » Mine, crush and export up to 500,000 tpa DSO lump and fines (~55% Fe) from Port Lincoln » Road transport in covered containers to Port Lincoln – two double road trains per hour (return trips), 16 hours a day, 5 days a week (or as pe

  8. Slide 8: Gum Flat Barns Deposit: Groundwater Stratigraphy

    Top (8m) Gum Flat Barns Deposit Calcarenite Stage 1 mine proposal For personal use only 12.5m Groundwater Stra/graphy • Upper Bridgewater FormaJon calcarenite (Uley East lens Fe pisolites aquifer) is dry at the proposed mine site • The calcarenite is underlain by 10-­‐15m of impermeable saproliJc cl

  9. Slide 9: Gum Flat Barns Deposit: Groundwater Licenses

    Gum Flat Barns Deposit Stage 1 mine proposal For personal use only Groundwater Licenses • Groundwater tests and modelling show that to dewater the proposed mine, up to 2.19 GL per year may need to be extracted • Mid-­‐2011 applied to Department for Water to: • Extract up to 2.19 GL per year from bed

  10. Slide 10: SA's Eyre Peninsula: Australia's Premier Graphite Province

    SA’s Eyre Peninsula Australia’s Premier Graphite Province “The Pilbara of Graphite” For personal use only Lincoln Minerals Limited Graphite Price • Dominant ground posi/on • Inferred and Historic Resources • Numerous outcrops, old mines, prospects and drill hole intercepts in Koppio, Gum Flat and Ca

  11. Slide 11: Koppio, Kookaburra Gully & Gum Flat

    Koppio, Kookaburra Gully & Gum Flat Koppio Graphite Mine where 97 tons of graphite was mined up to 1944 Koppio Graphite Mine For personal use only • Historic mine (early 1900’s then 1941 to 1944) • Inferred Resource 57,000 tonnes @ 13.1% TGC but open along strike and at depth • Numerous old mines/pr

  12. Slide 12: Kookaburra Gully-Koppio Electromagnetic (EM) Survey

    For personal use only Kookaburra Gully-­‐Koppio Electromagne/c (EM) Survey • Airborne Tempest EM survey flown in July 2012 • 4.5km EM anomaly extending SW from Kookaburra Gully • Other EM anomalies: • Koppio Mine • Glendara • Yellow Gums • Pernella Preliminary EM Image Fugro Tempest EM survey plane

  13. Slide 13: Kookaburra Gully – Koppio Region Exploration Targets

    Kookaburra Gully – Koppio Region Explora/on Targets For personal use only • Conceptual ExploraJon Targets based on airborne EM Survey and: • Lower esJmate = 50m depth extent and upper esJmate = 100m depth extent • SubverJcal graphite unit similar to Kookaburra Gully and Koppio Mine deposits • SG = 2

  14. Slide 14: Kookaburra Gully Conceptual Mine & Process Plant

    Kookaburra Gully Conceptual Mine & Process Plant PRELIMINARY • Metallurgical test work : For personal use only • Graphite ore readily amenable Infrastructure Waste rock dump to concentraJon using size [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ [ classificaJon, flotaJon and [ [ Process gravity concentraJon pl

  15. Slide 15: Kookaburra Gully Conceptual Process Flow Sheet

    Kookaburra Gully • Mine, crush, screen, mill Conceptual Process Flow Sheet • 4 stage flotaJon incl. flash flotaJon, regrind as needed, then rougher, For personal use only scavenger & cleaner flotaJon cells • Thicken, press & dry • Bag & export

  16. Slide 16: Kookaburra Gully Scoping Study

    Kookaburra Gully Scoping Study • Capital Expenditure Es/mate (Capex) (and comparison of 200,000 tpa versus 400,000 tpa) For personal use only Item Estimate ($) Estimate ($) 200,000 tpa 400,000 tpa Kookaburra Gully Graphite Project Mining $380,400 Process plant $22,597,800 Infrastructure $7,329,100 T

  17. Slide 17: Campoona Graphite (Cockabidnie) Key Points

    Key Points Campoona • Immediately adjacent to Archer ExploraJon (AXE) & Monax Mining Graphite For personal use only (MOX) graphite discoveries • Campoona, Jameison Tank and (Cockabidnie) Sugarloaf Hill EM anomalies extend onto EL 4883 • Further potenJal in Campoona Syncline between Campoona and Suga

  18. Slide 18: Eurilla-Uno Project

    Skaro prospect Eurilla-­‐Uno Project Soil silver • 21.7 Mt @ 33.3% Fe Inferred Mineral Resource for Eurilla South iron ore For personal use only Mondas prospect • Uranium mineralisaJon grading up to 0.07% U along with up to 0.5% base metal (Zn+Pb +Ni+Cu+Co) over a 5 hectare area • Manganese minerali

  19. Slide 19: Minbrie Copper-Lead-Zinc-Silver

    Minbrie Copper-­‐Lead-­‐Zinc-­‐Silver For personal use only Key Points • NEW copper-­‐lead-­‐zinc-­‐silver discovery -­‐ January 2012 • 29.5m interval (131.1-­‐160.6m) averaging: 0.76% copper (up to 4.8% Cu from 145-­‐146m) 7.37% lead (up to 47.1% Pb from 141-­‐142m) 1.88% zinc (up to 5.5% Zn from 1

  20. Slide 20: The Path Forward: Exploration, Development and Growth

    The Path Forward Explora/on, Development and Growth For personal use only Exploration and Development Schedule for next six months • Graphite drilling program at Koppio and Kookaburra Gully (approved by DMITRE) • Obtain Gum Flat groundwater approvals and lodge Mining Lease application • Aeromagnetic

  21. Slide 21: Summary

    Summary Lincoln Minerals has established a solid foundation for a prosperous For personal use only future with multiple exploration and development opportunities Core projects on eastern Eyre Peninsula In a World Class Iron, Graphite and Copper Province Lincoln Minerals has a strategic ground positi

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