13thSouthAustralianExplora3onandMiningConference2December2016ASX:LMLwww.lincolnminerals.com.au
KookaburraGullyproposedminesite
KookaburraGully
Animminentnew,world-class,highgrade,lowcostgraphitemine
onSA’ssouthernEyrePeninsula
MiningLeaseGrantedJune2016
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LincolnMineralsLimited EmergingGraphiteProducer
Keyinvestmentappeal
MineralLeasegranted3rdJune2016forflagshipKookaburraGullyproject
• LocatedinSouthAustralia’sworld-classgraphite-richmetallogenicprovinceofEyrePeninsula35kmsnorthofexportgatewayofPortLincoln–region’sgraphiteprofilecomparabletoironore’sdominantPilbaraprofile
• Deposithostshighgradeflakegraphite–aglobalTop10graphitedeposit• SettobeAustralia’spremierandonlyproducinggraphitemine• TargeMng~40,000tonnesperannumhighpuritygraphiteconcentrate(up
to98%TGC)fromconvenLonalflotaLonandeasilyupgradedto99.9%TGC
• TargeMngdevelopmentstart-upassoonasnextyear2017• ExisLngwater,power,road/rail/seaexportinfrastructureclose-by
• EnteringamulM-billiondollar“newera”expandingglobalgraphitemarket
InvestmentopMons:minefinancing,off-take,directequityorprovisionofenvironmental/engineering/mining/processingsoluMons&equipmentFor
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LincolnMineralsLimited EmergingGraphiteProducer
Projectowner:LincolnMineralsLimited
ASXCode LML
MarketCapitalisaMon A$16.2million
Sharesonissue 368.4million
52Weekrange $0.03–$0.08
Cashat30Sept2016 A$2.43million
Debt NIL
Tenementholdings 2,980km2
FocusedBoardandManagementConsiderableexperienceinChineseinvestment&markets
Non-ExecuMveChairman-MrJinYuboManagingDirector-DrAllanJohnParker
Non-ExecuMveDirector-MrEddieLungYiuPangNon-ExecuMveDirector-MrJamesTenghuiZhang
• Unwavering,long-termfocusonowning,
developingandprofitablyextracLngthe
mulL-commoditymineralwealthofSouth
Australia’srichlyendowedEyrePeninsula
• Graphiteisthemainstrategicinvestment
• OtherassetsincludesubstanLalmagneLte
andhemaLteresourcesandcopper
targetsinaregionwithalonghistoryof
graphite,ironoreandcoppermining
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KookaburraGully:aworldclassaddress
SAhostsover70%ofAustralia’sJORCgraphiteresources
EyrePeninsula:highlyprospecLveforworld-classgraphite
IncludesLincoln’s100%-ownedKookaburraGullySAgraphiteroyalLes2%forthefirst5years(then3.5%)
MemorandumofUnderstandingsignedwithDistrictCouncilofTumbyBay
Highlysoughtacerpremiumflakegraphite
[email protected]%TGC*
[email protected]%TGC*
Totalcontainedgraphite512,511tonnes*
KookaburraGullyisaTop10globalgraphiteresourceincludingChinabasedongrade
WorldClassLocaMon WorldClassJORCresource
Mt=milliontonnes
TGC=TotalGraphi3cCarbon
*at5%TGCcutoff
Canada’srenownedFraserInsLtute(March2016)putSouthAustraliaintheTop10miningjurisdicMonsintheworldforitsmininginvestmentairacLveness(mineralendowmentsand
publicpolicy)forresourcesinvestors=>VERYLOWSOVEREIGNRISK.
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KookaburraGully–KeyMiningLeaseGranted
MineralLeaseML6460
Granted3June2016
PreparaMon&
approvalofProgramforEnvironmentProtecMon&
RehabilitaMon(PEPR)isfinalapproval
process
TargeMngDevelopment2017-18
(subjecttoGovtapprovals
&finance)
• Hasgreenlightfrom
Commonwealth
Government
Departmentofthe
Environment–NotaControlledAcMon
• Capex<A$50million
• LOMOpexA$630/tto
A$704/tconcentrate(*)
• Water:10kmfromTod
Reservoir+pitdewater
• Power:5kmfromgrid
&/oronsitegeneraLon
• ExportfromPortLincoln
(35km)orPortAdelaide
(*)90%recovery
FOBPortAdelaide
Refer2015AnnualReport
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KookaburraGully:Clean-and-Green
Graphiteschistoutcrops
atthesurface
DrillingbyLincoln
in2013-14proved
upahighgrade
JORCmineral
resource
Coarseflakegraphite
ProgramforEnvironmentProtecMon&RehabilitaMon(PEPR)inprogress• FinalstageinGovernmentapprovalsprocess
• Includesenvironmental&opLonsstudies&
managementplansrepower&watersupply,
transport,metallurgy,tailingsfacilitydesignetc
• SouthAustraliahasverystrictenvironmental
regulaLons=>clean-and-greenoutcomes
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• Smallminesitefootprint
103hectares
• 700mlongopenpit
graphitemine
• ConvenLonalflotaLonplantoperaLng24/7
• Process250,000tpaore• Produceupto40,000tpa
concentrate
• Highmetalrecovery
(>85%)
• Delivershighgrade(94-98%TGC)concentrate
• Chemicalleachingto
99.95%TGC
• Packaging–bulkabagsorcontainers
SmallMineSiteFootprint
www.pbworld.com
© Parsons Brinckerhoff Australia Pty Ltd ("PB") Copyright in the drawings, information and data recorded("the information") is the property of PB. This document and the information are solely for the use of theauthorised recipient and this document may not be used, copied or reproduced in whole or part for anypurpose other than that which it was supplied by PB. PB makes no representation, undertakes no dutyand accepts no responsibility to any third party who may use or rely upon this document or the information.NCSI Certified Quality System to ISO 9001. © APPROVED FOR AND ON BEHALF OF ParsonsBrinckerhoff Australia Pty Ltd. Trademarks provided under license from ESRI.
Data source: - Map no: 2200002A_GIS_020_A
Author: RP/MB
Approved by: LVC
0 100 200
m ± Kookaburra Gully Scoping Studyand Environmental Approvals
Preliminary concept designAugust 2014
!(
!(
PILL
AWO
RTA
RO
AD
Legend
!( RoundaboutDrainage channelNatural channelNorth West waste dumpSouth waste dumpRoadSubsoil stockpileTopsoil stockpileMineral claim boundaryCarparkFuel storageFuel storage & refill areaHard standOfficesDrainage structureMagazineProcess plantOffices/adminProposed pitSilt detention pondROM padTailings storage facilityTSF embankmentWater storage/treatment
1:12,000
Lincoln Minerals \\Apadlfil01\proj\L\Lincoln_Minerals\2200002A_KOOKABURRA_KOPPIO_ENVIRONMENT\10_GIS\Projects\Maps\2200002A_GIS_020_A.mxd
Date: 1/09/2014
Scale ratio correct when printed at A3Projection: Transverse Mercator
Coordinate system: GDA 1994 MGA Zone 53
!(
!(
ML 6460
www.pbworld.com
© Parsons Brinckerhoff Australia Pty Ltd ("PB") Copyright in the drawings, information and data recorded("the information") is the property of PB. This document and the information are solely for the use of theauthorised recipient and this document may not be used, copied or reproduced in whole or part for anypurpose other than that which it was supplied by PB. PB makes no representation, undertakes no dutyand accepts no responsibility to any third party who may use or rely upon this document or the information.NCSI Certified Quality System to ISO 9001. © APPROVED FOR AND ON BEHALF OF ParsonsBrinckerhoff Australia Pty Ltd. Trademarks provided under license from ESRI.
Data source: - Map no: 2200002A_GIS_020_A
Author: RP/MB
Approved by: LVC
0 100 200
m ± Kookaburra Gully Scoping Studyand Environmental Approvals
Preliminary concept designAugust 2014
!(
!(
PILL
AWO
RTA
RO
AD
Legend
!( RoundaboutDrainage channelNatural channelNorth West waste dumpSouth waste dumpRoadSubsoil stockpileTopsoil stockpileMineral claim boundaryCarparkFuel storageFuel storage & refill areaHard standOfficesDrainage structureMagazineProcess plantOffices/adminProposed pitSilt detention pondROM padTailings storage facilityTSF embankmentWater storage/treatment
1:12,000
Lincoln Minerals \\Apadlfil01\proj\L\Lincoln_Minerals\2200002A_KOOKABURRA_KOPPIO_ENVIRONMENT\10_GIS\Projects\Maps\2200002A_GIS_020_A.mxd
Date: 1/09/2014
Scale ratio correct when printed at A3Projection: Transverse Mercator
Coordinate system: GDA 1994 MGA Zone 53
!(
!(
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LincolnMineralsLimited EmergingGraphiteProducer
• Simpleprocessflowsheet–grind,float,regrind,clean,dry,screen&export
• Delivershighgrade(94-98%TGC)flake
graphiteconcentratefromasimple
“clean-and-green”process• Ongoinglaboratory&pilotplanttestworkin
AustraliaandChina(2016)includes:
o Largersamples(upto25tonnes)
o Lock-cycletestso Highpuritysphericalgraphite
&expandablegraphitetests
97.8%TGCcoarseflake
graphitefromKookaburra
Gully
KookaburraGully–SimpleProcessingF
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LincolnMineralsLimited EmergingGraphiteProducer
KookaburraGullyGraphiteProjectWorldClassResourceUpside
ExploraMonTargets:• KookaburraGullyExtended
ExploraLonTargets:
22Mt–44Mt@10%-15%TGC
• Upto10,000mdrillingprogramplannedforearly2017
• OtherExploraLonTargets:GumFlat-Uleyarea&furtheralongstrikefromKookaburraGully
LongProjectMineLifeand
EnhancedProducMonRate
ItisemphasisedthatExplora3onTarget
tonnagees3matesareen3relyconceptualin
nature.Therehasbeeninsufficientorno
drillingintheimmediateareasofthose
targetsanditisuncertainiffurther
explora3onwillresultinthees3ma3onofa
MineralResource.
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GraphiteMarketFundamentals• SphericalGraphite:akeyinputinthemanufactureoflithium-ionbaieriesfor
electricvehicles,smartphonesandmore–bamerybackupforsolarpoweredhomes• ExpandableGraphiteusedinfireexLnguishersandformakinggraphitefoil
• GraphiteFoilwidelyusedforgaskets(egengineheadgaskets),asathermalbarrierin
electricalapplicaLons,fuelcellsandlinings
• Graphiteisalsousedinpencils,for
drylubricants,steelmakingand
muchmoreincluding:
NewgeneraMonsolar-thermalpowersystems• IntheproposedSolastorsystem,a
towermounted,10tonnegraphite
blockisheatedto800°Candusedto
convertwatertosteamtogenerate
electricity.ForthePortAugusta
solar-thermalpowerstaLon
proposal,atleast1700graphite
blocksormorethan17,000tonnes
ofHPgraphitewouldberequired.www.solastor.com.au
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PrideofHeilongjiang,Jixi,China
targeLng~75,000tpa
SphericalGraphiteFundamentalsBATTERY&ENERGYSTORAGECOMMERCIALISATION• Newgenelectriccars–705,000EVsalesin2015growingto13millionper
annumin2025–mostlyPEVnothybrids
• HugeexpansionofelectricbusesinChina(>110,000salesin2015growingto>400,000in2025)
• Massiveemergingmarketfornon-mobilebamerystoragesystemsforhomes• Ittakesabout2.5tonnesofnaturalflakegraphitetoproduce1tonnespherical
graphite
• Sphericalgraphiteishighpurity>99.9%C
• About50-60%ofsphericalgraphitecomesfromnaturalflakegraphite
• MajorglobalexpansionofsphericalgraphiteproducLon(egTesla,USA&Pride,China)
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TimescaletoProducMon
Freediggingupper30-50m
Commenceshippingproduct
StartminingMineDevelopment
PEPRapproval 2017
MiningLeaseGranted 2016
CommonwealthEPBCapproval
LodgeMiningLeaseProposal2015PegMineralClaims
Environmentalstudies 2014JORCResource 2013
ScopingStudy 2012Discovery1980s
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SummaryandKeyDeliverables
• LincolnMinerals:focusedgraphitedeveloper• KookaburraGully:Australia’shighestqualityworld-classgraphitedeposit
• MilestoneMiningLeasegranted• Crystallisesovake/projectfundingopportuniLes
• Australia’snextgraphitemine(subjecttogovernmentapprovalsandfinance)
• Highpurityconcentratesupto98%TGCfromconvenLonalflotaLon
• Readilyupgradedto99.9%TGC
• LocatedinrecognisedminingfriendlyjurisdicMonwithlowsovereignrisk• Closeproximitytonecessaryinfrastructure(water,power,transportandshipping)• LowcapitalinvestmentandesLmatedoperaLngcosts
• Near-term“clean-and-green”producMon• ExperiencedDirectorswithconsiderableexperienceininternaMonal
Chineseinvestment&marketsFor
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KookaburraGullyproposedminesite
2017inanutshell….
KookaburraGullytobecome….SouthAustralia’snewestmineinoneofthehomestglobalcommodiMes
TheonlyproducinggraphitemineinAustraliainasoaringneweraglobalmarket
THANKYOU
DrA.JohnParkerManagingDirector+61882740243F
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LincolnMineralsLimited EmergingGraphiteProducer
ThispresentaLonhasbeenpreparedbyLincolnMineralsLimited(“LML")andAustralianGraphitePtyLtd(“AGL”)asanaid
toaspokenexplanaLon.ItshouldnotbeconsideredasanofferorinvitaLontosubscribefororpurchaseanysecuriLesin
LMLorAGLnorasaninducementtomakeanofferorinvitaLonwithrespecttothosesecuriLes.AGLisawholly-owned
subsidiaryofLML;allrightsandinterestsingraphitemineralsandassociatedmineralsincertaintenementsareassignedto
AGL.InformaLoninthispresentaLonisaprofessionalopiniononlybutisgiveningoodfaith.Forward-LookingStatementsThispresentaLoncontainsforwardlookingstatementsconcerningtheKookaburraGullyGraphiteProject.Statements
concerningMineralResources,mineplansandprojecteconomicsmaybedeemedtobeforwardlookingstatementsinthat
theyinvolveesLmatesbasedonspecificassumpLons.Forward-lookingstatementsarenotstatementsofhistoricalfact,and
actualeventsandresultsmaydiffermateriallyfromthosedescribedinthestatementsasaresultofavarietyofrisks,
uncertainLesandotherfactors.ForwardlookingstatementsarebasedonAGL’sandLML’sbeliefs,opinionsandesLmates
asofthedatethestatementsaremadeandnoobligaLonisassumedtoupdateforwardlookingstatementsifthesebeliefs,
opinionsandesLmatesshouldchangeortoreflectotherfuturedevelopments.Dataandamountsshowninthis
presentaLonrelaLngtocapitalcosts,operaLngcosts,graphitepricesandprojectLmelinesarebasedonconsultantreports
andinternallygeneratedesLmatesandarebestesLmatesonly.Accordingly,AGLandLMLcannotguaranteetheaccuracy
and/orcompletenessofthefiguresordataincludedinthepresentaLon.AlldollaramountsareinAustraliandollarsunless
otherwisestated.CompetentPerson’sStatementInformaLoninthispresentaLonthatrelatestoexploraLonacLvity,mineralresourcesandresultswascompiledbyDrA
JParkerwhoisaMemberoftheAustralasianInsLtuteofGeoscienLsts.Dr.ParkerisManagingDirectorofandhassharesin
LincolnMineralsLimited.HehassufficientexperiencerelevanttothestylesofmineralisaLonandtotheacLviLeswhichare
beingpresentedtoqualifyasaCompetentPersonasdefinedbytheJORCcode,2012.Dr.Parkerconsentstothereleaseof
theinformaLoncompiledinthispresentaLonintheformandcontextinwhichitappears.
ImportantNoMceF
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LincolnMineralsLimited EmergingGraphiteProducer
ThispresentaLonhasbeenpreparedbyLincolnMineralsLimited(“LML")asanaidtoaspokenexplanaLon.
TheinformaLoncontainedinthispresentaLonisbasedonanumberofpublicstatements,QuarterlyReports
andASXreleasesmadebyLML:References• LincolnMinerals,2013.UpdatedGraphiteMineralResourcesforLincoln’sworld-classKookaburraGully
projectinSouthAustralia’sEyrePeninsula.LincolnMineralsLimited,ASXAnnouncement19December
2013.
• LincolnMinerals,2015.MaidengraphiteresourceforsecondLincolndepositinSA’sEyrePeninsulalics
totalinventoryby>50%inthisworld-classprovince.LincolnMineralslimited,ASXAnnouncement13July
2015
• AustralianGraphiteLimited,2015.CommunityInformaLonUpdateNo.4,KookaburraGullyGraphiteMine,
MiningLeaseProposal.LincolnMineralsLimitedwebsite,September2015
• LincolnMinerals,2015.2015AnnualReport.LincolnMineralsLimited26October2015
• LincolnMinerals,2016.2016AnnualReport.LincolnMineralsLimited30September2016
Informa3onextractedfrompreviouslypublishedreportsiden3fiedinthisreportisavailabletoviewontheCompany’swebsite
www.lincolnminerals.com.au.Thecompanyconfirmsthatitisnotawareofanynewinforma3onordatathatmateriallyaffects
theinforma3onincludedintheoriginalmarketannouncementsand,inthecaseofes3matesofMineralResources,thatall
materialassump3onsandtechnicalparametersunderpinningthees3matesintherelevantmarketannouncementscon3nueto
applyandhavenotmateriallychanged.ThecompanyconfirmsthattheformandcontextinwhichtheCompetentPerson’s
findingsarepresentedhavenotbeenmateriallymodifiedfromtheoriginalmarketannouncements.
Appendix
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ExperiencedChineseDirectors• MrJinYubo:Non-ExecuMveChairman
HasaMasterofInternaLonalLawfromNaLonalChiNanUniversity,achairmanorboard
memberofinvestmentandrealestatecompaniesinChinaandAustralia,aformer
commiieememberofamajorChinesecity’sPeople'sPoliLcalConsultaLveCouncil,familiar
withChineseinvestmentlawsandregulaLonsandhasawiderangeofpoliLcalandbusiness
networksinmainlandChina,HongKongandothereasternandSouthEastAsiancountries.
• MrEddiePang:Non-ExecuMveDirectorHasaBachelorofSciencewithHonoursdegreeinChemistry,operatesaShanghaitrading
businesssupplyingtheChinesemarketwithAustralianwoolandwine,Chileanironore,
cathodecopperandLmber,andexportsChineseproductstoVietnam,theUAEandCanada.
HeiscurrentlytheExecuLveChairmanofASX-listedmineralexploraLonanddevelopment
company,GenesisResourcesLimited.
• MrJamesZhang:Non-ExecuMveDirectorOver20yearsinrealestatedevelopmentandbusinessmanagementinmainlandChina,
HongKongandAustraliawithextensiveexperienceinfundingrealestate,infrastructureand
propertydevelopmentandenterprisemanagement.HeisDirectorofShanghaiJihai
InvestmentLtdCo.andmemberofAssetManagementAssociaLonofChina(AMAC).
ConsiderableexperienceininternaMonalChineseinvestment&markets
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KookaburraGully&KoppioMineralResources
Reference: Lincoln Minerals 2016 Annual Report. Lincoln Minerals Limited, ASX Announcement 30 September 2016.
Total combined Mineral Resources for Kookaburra Gully and Koppio
Mineral Resource Classification Cutoff Grade
(% TGC) Tonnes
(Mt) Grade
(% TGC)
Contained Graphite (tonnes)
Density (g/cc)
Kookaburra Gully
High-grade Core (Domain 1) - Indicated 5% 1.45 13.74 199,193 2.56
Low-grade Halo (Domain 2) – Indicated 2% 0.62 3.04 18,984 2.54
High-grade Core (Domain 1) – Inferred 5% 0.73 16.17 117,964 2.50
Low-grade Halo (Domain 2) – Inferred 2% 0.40 2.91 11,538 2.54
Koppio
High-grade Core (Domain 1) – Inferred 5% 1.85 9.76 180,733 2.67
Low-grade Halo (Domain 2) – Inferred 2% 1.21 3.18 38,560 2.80
TOTAL (>2% TGC) 6.26 9.05 566,972 2.63
Mt = million tonnes TGC = Total Graphitic Carbon For
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InworldTop10graphitedepositsbygrade
“KookaburraGully
iswithintheTop10
globalresources
includingChina
basedongraphite
grade.”
KookaburraGullyisahighgradecoarseflakegraphitedepositandiscapableofdeliveringnear-termproducLonatlowcostinaddiLontographenedevelopmentresearch
withMelbourne’sMonashUniversityandGuangdongUniversityofTechnologyinChina
GlobalResourcesbyGraphiteGrade
TGC=TotalGraphi3cCarbon
0 5 10 15 20 25
Hengshan(Jixi),HeilongjiangProv,ChinaWilcloSouth,SouthAustralia(AXE)
AsburyGraphite,QuebecEpanko,Tanzania
Campoona,SouthAustralia(AXE)Koppio,SouthAustralia(LML)
Arnohighgrade,SouthAustralia(RNU)Lobei,HeilongjiangProv,China
Kringel,SwedenJixiChangyuan(LiuMao),HeilongjiangProv,China
Shimba,TanzaniaRaitajarvi,Sweden
NicandaHill,MozambiqueUley,SouthAustralia(VXL)
MountDromedary,QueenslandLacKnife,Canada
KookaburraGully,SouthAustralia(LML)BalamaEasthighgrade,Mozambique(SYR)
Yalbra,WesternAustraliaLacGueretEast,Canada
BalamaWest,MozambiqueMunglinup(Halbert's),WesternAustralia
Nunasvaara,SwedenSkaland,Norway
GraphiteGrade(%TGC)
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KookaburraGullyMetallurgyMetallurgicaltestresultsfordrillcoresamples(LMC9)andtrenchsamples(CandD).AHDisAustralianHeightDatum
StandardSieve/MeshSizesare:80#=177µm;100#=150µm;200#=75µm
Reference: Lincoln Minerals 2016 Annual Report. Lincoln Minerals Limited, ASX Announcement 30 September 2016.
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CorporateDirectory
DirectorsMrJinYubo,Chairman
DrAJohnParker,ManagingDirector
MrEddieLungYiuPang,NonExecuLve
MrJamesTenghuiZhang,NonExecuLve
CompanySecretary Jaroslaw(Jarek)Kopias
RegisteredandPrincipleOffice
Suite4,Level7,350CollinsStreet
MelbourneVictoria3000 Phone:(613)96000782
Facsimile:(613)96000783
Email:[email protected]
Website:www.lincolnminerals.com.au
AdelaideOffice 28GreenhillRoad
WayvilleSA5034Phone:(618)82740243
ShareRegistryComputershareInvestorServicesPtyLtd
Level5,115GrenfellStreet
AdelaideSA5000
Phone1300365998
Banker NaLonalAustraliaBank
Auditor GrantThornton
ASXcodeLML
ABN50050117023 For
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