Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Global Iron Ore and Steel Conference (March 2016)
21 slides from Bci Minerals's conference presentation, Mar 9, 2016
Slide 1: BC Iron and the Buckland Project
For personal use only Global Iron Ore and Steel Conference BC Iron and the Buckland Project Morgan Ball – Managing Director ASX:BCI 9-Mar-16
Slide 2: BC Iron Key Assets
BC IRON KEY ASSETS For personal use only Cape Preston East Port Tenure 20 year lease Status Optimising feasibility study Capacity 20Mtpa Nullagine JV Ownership 75% Temporary Status Suspension Bungaroo South Capacity 6 Mtpa DSO Reserves1 21Mt @ 56.9% Fe Buckland Project Ownership 100% DSO Resources1
Slide 3: Corporate Overview
CORPORATE OVERVIEW For personal use only Capital Structure Board and Management Ordinary Shares 196.2m Tony Kiernan Non-Executive Chairman Share Price (at 8-Mar-16) $0.215 Morgan Ball Managing Director Market Capitalisation $42.2m Martin Bryant Non-Executive Director Cash (at 31-Dec-15) $42.9m Andy
Slide 4: Iron Valley
IRON VALLEY For personal use only Operating mine that is generating cash flows via iron ore sale agreement with MIN. Iron ore sale agreement with Mineral Resources Limited (MIN) BC Iron retains tenement ownership and statutory obligations (incl. government royalties) MIN operates the mine at M
Slide 5: Nullagine Joint Venture
NULLAGINE JOINT VENTURE For personal use only Mine with access to world-class infrastructure. Currently in temporary suspension. Located ~55km north of FMG’s Christmas Creek Unincorporated joint venture – 75% BCI, 25% FMG BC Iron is the manager of the NJV FMG provides rail & port and marketi
Slide 6: Buckland
BUCKLAND For personal use only Strategic mine-to-port development project located in the West Pilbara. Wholly owned project located in the West Pilbara region Ore Reserve of 134.3 Mt at 57.6% Fe1 and Mineral Resource of 283.2 Mt at 56.5% Fe1 Feasibility study (“FS”) completed by IOH in June 20
Slide 7: Cape Preston East
CAPE PRESTON EAST For personal use only Proposed low capital cost transhipment port with capacity for additional tonnes. Existing port lease agreements with the Pilbara Ports Authority (“PPA”) Right to construct and operate onshore & marine facilities (subject to the satisfaction of certain cond
Slide 8: Recent Work on Buckland
RECENT WORK ON BUCKLAND For personal use only Cape Preston East construction approvals being advanced with the PPA Approvals Bungaroo South mining proposal submitted – approval anticipated in Jun-16 quarter Road haulage optimisation studies Optimisation Re-pricing of select value capital wor
Slide 9: Current Capex and Opex Estimates
CURRENT CAPEX AND OPEX ESTIMATES For personal use only Optimisation work to date has materially improved the economics for an independent 8 Mtpa mine-to-port operation at Buckland. Capital Cost Estimate (± 25%) Jun-14 Estimate1 Dec-15 Estimate (A$M) (A$M) Upfront Capital Cost 826 879 Deferred Capita
Slide 10: Road Haulage Optimisation Studies
ROAD HAULAGE OPTIMISATION STUDIES For personal use only Optimsation studies reduced haulage cost estimate by nearly 50% to A$7.9/wmt. Haulage costs were ~40% of the Jun-14 C1 cash costs Optimisation studies considered prime movers, trailer configurations and autonomous technology Revised road
Slide 11: API Co-operative Mining Study
API CO-OPERATIVE MINING STUDY For personal use only Joint study undertaken by API and BC Iron relating to the contiguous Buckland Hills and Bungaroo South deposits Study results highlighted the benefits of co-operation – mainly, accessing ore up to the tenement boundaries BC Iron and API have
Slide 12: Infrastructure Expansion Studies
INFRASTRUCTURE EXPANSION STUDIES For personal use only Preliminary work on an expanded 20 Mtpa road and port infrastructure operation expected to underpin attractive tariffs for potential third party users. Current Cape Preston East lease agreements envisage Capital Cost Estimate (± 35%) BC Iron c
Slide 13: Buckland – Next Steps
BUCKLAND – NEXT STEPS For personal use only BC Iron plans to continue to de-risk and improve the Buckland Project. Continue to the Cape Preston East approvals process with the PPA Further improve economics of the independent 8 Mtpa mine- to-port operation Target further capital and operating c
Slide 14: Exploration Projects
EXPLORATION PROJECTS For personal use only Portfolio of exploration projects Prospective for commodities other than iron ore – base metals, gold and salt Identifying highest priority targets Considering a modest greenfields exploration programme Focus on Mt Fraser, Peak Hill, Black Hill an
Slide 15: Summary
SUMMARY For personal use only Operating mine that is generating cash flows via iron ore sale agreement with MIN Iron Valley Currently being operated as a ~6 Mtpa DSO, truck haulage operation MIN evaluating potential expansion to 16 Mtpa via construction BOTS Strategic mine-to-port developmen
Slide 16: Iron Valley Reserves & Resources
IRON VALLEY RESERVES & RESOURCES For personal use only Mineral Resource at 30 June 2015 (100% BC Iron, subject to iron ore sale agreement with MIN) Classification Cut-off (% Fe) Tonnes (Mt) Fe (%) CaFe (%) SiO2 (%) Al203 (%) P (%) LOI (%) Measured 50 34.9 59.4 63.8 4.7 2.8 0.17 6.9 Indicated 50 172.
Slide 17: Buckland Reserves & Resources
BUCKLAND RESERVES & RESOURCES For personal use only Mineral Resource at 30 June 2015 (100% BC Iron) Deposit Classification Cut-off (%Fe) Tonnes (Mt) Fe (%) CaFe (%) SiO2 (%) Al2O3 (%) P (%) LOI (%) Bungaroo Measured 50 30.9 57.4 62.1 6.7 3.0 0.15 7.6 South Indicated 50 214.9 56.6 61.6 7.8 2.4 0.15 8
Slide 18: NJV Reserves & Resources
NJV RESERVES & RESOURCES For personal use only CID Mineral Resource at 30 June 2015 (BC Iron 75%, FMG 25%) Classification Mt Fe% CaFe% Al2O3% SiO2% P% S% LOI Measured 10.2 52.7 60.1 4.5 5.1 0.017 0.012 12.4 Indicated 34.1 54.2 62.0 3.2 4.3 0.017 0.011 12.5 Inferred 47.6 51.9 58.6 5.5 6.7 0.023 0.019
Slide 19: Important Notices
IMPORTANT NOTICES For personal use only This document has been prepared by BC Iron Limited (“BC Iron”) to provide an update regarding the companies to investors. Past performance Past performance information given in this document is given for illustrative purposes only and should not be relied upon
Slide 20: Important Notices
IMPORTANT NOTICES For personal use only Ore Reserves and Mineral Resources Disclosures The information in this announcement that relates to Mineral Resources and Ore Reserves at the Nullagine Joint Venture is extracted from the ASX announcement entitled NJV Ore Reserves and Mineral Resources dated 2
Slide 21: For personal use only
For personal use only Level 1, 15 Rheola Street West Perth, WA, Australia Phone : +61 8 6311 3400 Email : info@bciron.com.au Web : www.bciron.com.au
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