Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — RIU Resources Round Up 2011
25 slides from Bci Minerals's conference presentation, May 12, 2011
Slide 1: Company Announcements Office cover letter
12 May 2011 For personal use only Company Announcements Office Australian Securities Exchange BC Iron Limited (ASX:BCI) Please find attached the Company Presentation that Managing Director, Mike Young will be presenting tomorrow at the RIU Resources Round Up in Sydney. Yours sincerely Morgan Ball Co
Slide 2: BC Iron Limited Company Update
BC IRON LIMITED Company Update For personal use only May 2011 Mike Young – CEO & MD Morgan Ball – CFO
Slide 3: A Unique Junior Iron Ore Company
A UNIQUE JUNIOR IRON ORE COMPANY For personal use only Points of difference: ! Iron ore producer and exporter ! Exports commenced in Feb 2011 ! Production at 3Mtpa by mid-2011 ! Ramp up to 5Mtpa by early-2012 ! Rail and Port infrastructure secure ! Joint Venture with Fortescue Metals ! Fortescue Chi
Slide 4: Company History
COMPANY HISTORY For personal use only 2006 to 2010 : Rapid Growth ! 2006 – Listing on Australian Securities Exchange ! 2007 – Discover of iron ore at Outcamp Well ! 2008-2009 – Drilling, Feasibility, JV with Fortescue ! 2010 – Construction and Mining commences ! 2011 – Iron ore exports commence Firs
Slide 5: BC Iron Limited – Company Snapshot: Board of Directors
BC IRON LIMITED – COMPANY SNAPSHOT For personal use only Board of Directors BC Iron at the Nullagine JV The ore stockpile from the Trial Mining carried out in 2H 2009 can be seen in the background. Trial mining was a main recommendation of the Feasibility Study and served to de-risk the project by c
Slide 6: BC Iron Limited – Company Snapshot: Senior Management Team
BC IRON LIMITED – COMPANY SNAPSHOT For personal use only Senior Management Team Blair Duncan - Chief Operations Officer Morgan Ball - Chief Financial Officer John McCarthy – Resident Manager, BCIN Greg Hudson - Chief Geologist Gerry Bradley – Sustainability Manager The BC Iron team has the breadth o
Slide 7: Pilbara Projects Location
PILBARA PROJECTS LOCATION For personal use only Bungaroo Project (BCI 100%) ! Bungaroo near RIO Tinto’s Bungaroo Creek & IOH Buckland Hills ! CID mineralisation present with exploration in 2011 field season Nullagine Project (BCI 50%: FMG 50%) ! Operating iron ore mine ~3Mtpa ! Ore Reserves of 36Mt
Slide 8: Nullagine Iron Ore Joint Venture
NULLAGINE IRON ORE JOINT VENTURE For personal use only Nullagine Iron Ore Joint Venture (BCI 50%) ! Joint Venture with Fortescue (50:50) ! BC Iron Nullagine (BCIN) operator and Bonnie Creek Manager of the Project ! BCIN contracts TPI to provide rail & port Shaw River services on a fixed price per to
Slide 9: Nullagine Iron Ore Joint Venture: Project Metrics
NULLAGINE IRON ORE JOINT VENTURE For personal use only Project Metrics (BCI 50%) ! Mining Rates: 3Mtpa by June, 2011 5Mtpa by Feb, 2012 ! Mine Life: 8.5 years + growth ! Mining: Wirtgen surface miners & front-end loaders ! Crush/screen: Secondary crushing only ! Haulage 1: Short term using 75t road
Slide 10: Production Rates
PRODUCTION RATES For personal use only Production forecast – LOM – existing ore reserves 16,000 Capacity of mining fleet 14,000 12,000 Coongan Mine 10,000 start ,000 t 8,000 6,000 4,000 2,000 0,000 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/2018 2018/19 Ore Waste Total Production C
Slide 11: Forecast Costs
FORECAST COSTS For personal use only Production forecast – LOM – existing ore reserves 16,000 Capacity of mining fleet 14,000 12,000 Coongan Mine 10,000 start ,000 t 8,000 6,000 4,000 2,000 0,000 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/2018 2018/19 Ore Waste Total Production Cap
Slide 12: Marketing Bonnie Fines
MARKETING BONNIE FINES For personal use only West Australian Channel Iron Deposits ! “Bonnie Fines” pisolite sinter blend improves sintering productivity at steel mill ! Low impurities, low ultra-fines, low moisture ! Sintering test work at WISCO - Bonnie Fines substitute for Pilbara Blend and parti
Slide 13: Progress Update
PROGRESS UPDATE For personal use only Construction and mining update ! Mining commenced in November; each SM at full production >600 tph ! Crushing and screening circuit commissioned at 6,500 tonne per shift ! 55 km haul road construction base course complete in May – Bitumen in July/Aug ! Haulage c
Slide 14: Nullagine JV – Outcamp
NULLAGINE JV – OUTCAMP For personal use only Initial Mining Area Bottom of Orebody Water Table ! Shallow “pits” mainly above surrounding plains - mining ore from day 1 ! Above water table - lower environmental impact ! Low OpEx - low strip ratio, use of surface miners, efficient crushing and screeni
Slide 15: Surface Mining Fleet
SURFACE MINING FLEET For personal use only Wirtgen 2500SM Surface Miner ! WATPAC ! 2 units on site ! 2.5 m x 200-400 mm cut ! 600 t per hour ! 3.5 Mtpa at 75% avail. ! $4m cost ea. (WATPAC) ! 8 month lead time ! 103 t weight ! 1,050 hp engine Surface Miner operating at Outcamp
Slide 16: Processing Plant
PROCESSING PLANT For personal use only Crushing & screening ! WATPAC ! Semi-mobile ! Triple deck screen + 3 cone crushers ! 700 tph ! Radial stacker 20,000t ! 4.3 Mtpa at 92% availability ! Capacity to 5.0 Mtpa by simple upgrade via feed conveyors + 1Mtpa sprint WATPAC – Crushing and screening ! $15
Slide 17: Haulage Fleet
HAULAGE FLEET For personal use only PowerTrans Pit Hauler ! Mitchell West (Toll Holdings) ! 2 units on site ! 3rd unit by July - 8th unit by Jan 2012 ! 360 t payload - 512 t gross ! 2,160 t per rig per day ! 790 kt pa at 93% availability ! $3.6m per unit ! 9 month build time Mitchell West (Toll Hold
Slide 18: Rail
RAIL For personal use only Rail haulage ! TPI - Fortescue ! Christmas Creek rail head ! GE Dash 9 – 4400CW locomotives ! Trains comprise 240 cars 2.7km length ! 40 t axle loads ! 32,950 t per train ! 300,000 t NIOJV stockyard ! Expansion to 155Mtpa ! FMG 100 mt railed as of April 2011 Christmas Cree
Slide 19: Port
PORT For personal use only Port Services ! TPI - Fortescue ! Herb Elliot Port, Port Hedland ! Dedicated stockpiles for JV ore ! Access to all infrastructure for JV ore ! Rail car dumper rate 2 cars per 80 seconds ! 5.5 m/s conveyors ! 13,500 tph reclaimer ! NIOJV stockpile capacity for Cape size shi
Slide 20: Customers
CUSTOMERS For personal use only First ore delivery to Henghou - China
Slide 21: Project Pipeline
PROJECT PIPELINE For personal use only Targeted M & A ! Experienced Pilbara iron ore junior ! Developed relationships - FMG, stakeholders, government Commodity and geography ! Short term – SE Pilbara ! Long term – Pilbara, Australia, Sth America, Africa ! Active in bulks (Fe, coal, Mn, etc) Building
Slide 22: Regent Pacific Scheme of Arrangement
REGENT PACIFIC SCHEME OF ARRANGEMENT For personal use only Regent Pacific Scheme of Arrangement Takeover ! January 2011 – Regent Pacific Limited bid for BC Iron Limited in a Scheme Arrangement (Scheme) ! Consideration of $3.30 per share for all outstanding shares in BC Iron ! BC Iron Board supports
Slide 23: Supporting Statement
SUPPORTING STATEMENT For personal use only This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events as of the time of the release of this document. Forward-looking statements are necessarily subj
Slide 24: Nullagine JV – Reserves & Resources
NULLAGINE JV – RESERVES & RESOURCES For personal use only June 2010 – Reserves and Resources Statement Probable Ore Reserves Pit Mt Fe% CaFe% SiO2% Al2O3% P% S% LOI1000 Outcamp 19.2 56.8 64.8 3.21 1.92 0.01 0.01 12.2 Warrigal 10.3 57.0 64.5 3.67 2.13 0.02 0.01 11.7 Coongan 6.0 57.0 65.1 2.52 1.82 0.
Slide 25: BC Iron Limited
BC IRON LIMITED Producing iron ore, producing value For personal use only Level 1, 15 Rheola Street West Perth, WA, Australia Phone : +61 8 6311 3400 email : info@bciron.com.au www.bciron.com.au