Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — RIU Conference 2017
14 slides from Bci Minerals's conference presentation, Feb 22, 2017
Slide 1: BC Iron Returns to Profit
For personal use only BC Iron Returns to Profit RIU Conference Alwyn Vorster – Managing Director 23 February 2017 1
Slide 2: Important Notices
Important Notices For personal use only This presentation has been prepared by BC Iron Limited ABN 21 120 646 924 (“BC Iron”). This document contains background information about BC Iron current at the date of this presentation. The presentation is in summary form, has not been independently verifie
Slide 3: Corporate Overview
Corporate Overview For personal use only Capital Structure (17-Feb-17, unless stated) Board Ordinary Shares 392.5m Brian O’Donnell Non-Executive Chairman Share Price $0.29 Alwyn Vorster Managing Director Market Capitalisation $113.8m Martin Bryant Non-Executive Director Cash (31-Dec-16) $32.3m Andy
Slide 4: Iron Ore Market
Iron Ore Market For personal use only Iron price outperformed expectations CFR 62% Fe Iron Ore Price (US$/dmt) during 2016 and 2017 YTD 100 Recent price rally particularly strong 90 and sustained - around US$80/dmt for 80 the last 3 months 70 Both long term (increased Chinese 60 infrastructure
Slide 5: Half-Year Financial Results
Half-Year Financial Results For personal use only Return to profitability at Group EBITDA H1 FY17 H1 FY16 Profit and loss and Group Profit after Tax level $M $M Revenue 35.5 18.7 Iron Valley Mine royalty revenue of Profit/(loss) before tax 7.7 (2.7) $35.4M and EBITDA of $12.8M from Profit/(loss)
Slide 6: BCI FY17 Strategy Map
BCI FY17 Strategy Map Establish diversified portfolio of mineral project interests (100% owned / JVs / royalties) For personal use only Strategy and internal restructure Reset BC Iron (1H FY17) Nullagine litigation & sale settled A$25.5M raised via entitlement offer Maximise value Target new
Slide 7: Location of Current Key Projects
Location of Current Key Projects For personal use only 7
Slide 8: Iron Valley Mine
Iron Valley Mine Royalty-type agreement with Mineral For personal use only Resources Limited (MIN) providing low-risk cash flows for BCI BCI not required to contribute any normal operating cost (only paying royalties) Simple DSO operation and ~50% lump production with a price premium Potenti
Slide 9: Buckland Project
Buckland Project Proposed 10-20 Mtpa mine at Bungaroo For personal use only South, private haul road linking the mine with proposed transhipment port at Cape Preston East Ore Reserves of 134Mt at 57.6% Fe All primary permits and approvals secured for mine, road and port (20 Mtpa & 20-year leas
Slide 10: Other Royalties and Exploration Tenements
Other Royalties and Exploration Tenements For personal use only Royalties & Free-carried Interests (in addition to Iron Valley) Maitland River (magnetite) Black Hill Nullagine (Fortescue)1: 1-2% FOB (base metals & gold) Mardie royalty for DSO and $0.5-1.0/t royalty (salt) Marble Bar for low grade
Slide 11: New Business
New Business For personal use only Gold and Base Metals Potash Gold being targeted as the most likely Attractive long term market dynamics for commodity for near term earnings potential agricultural commodities Selected base metals also have attractive Demand directly linked to: fundamentals
Slide 12: Unique Asset Portfolio
Unique Asset Portfolio BCI is differentiated from most other small cap companies, with assets use only across all phases of the development pipeline Feasibility / Exploration Construction Operation Development For personal Pilbara Tenements • Gold / base metals Buckland CURRENT Mine-to-Port Iron Val
Slide 13: Summary
Summary For personal use only Strong cash position and Iron Valley earnings underpin project expenditure and growth strategy Clear strategy to establish BC Iron as manager of (or partner in) a diversified mineral portfolio Existing assets: optimise Iron Valley earnings; progress Buckland devel
Slide 14: For personal use only
For personal use only Iron Valley Bungaroo South (Buckland) Level 1, 15 Rheola Street Cape Preston East (Buckland) West Perth, WA, Australia Phone : +61 8 6311 3400 Email : info@bciron.com.au Web : www.bciron.com.au 14