Slide 1: A Tanzanian Graphite Developer
For personal use only A Tanzanian Graphite Developer INVESTOR PRESENTATION MARCH 2016 www.blackrockmining.com.au 1
Slide 2: Disclaimer
Disclaimer For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe s
Slide 3: Corporate Overview
Corporate Overview For personal use only Board and Management Capital Structure Stephen Copulos (Chairman) Share Price $0.06 Ø +30 years experience across a wide range of industries Shares on Issue 277m including mining, manufacturing, property, fast food and hospitality. Quoted Op:ons on Issue1 77
Slide 4: The Mahenge Graphite Project, Tanzania
The Mahenge Graphite Project, Tanzania For personal use only Fourth largest flake graphite JORC Resource in the World. On track to commercialise within 2 years Ø Largest and highest grade resource in Tanzania. 131Mt@ 7.9% TGC* with high grade portions of 37.6Mt @10.2% or 16.7Mt@ 11.1%. Ø Higher gr
Slide 5: Mahenge Graphite Project (Cont'd)
Mahenge Graphite Project (Cont’d) For personal use only Tanzania’s largest and highest grade graphite resource with 10.4Mt contained graphite. Fourth largest JORC Resource in the World Ø Metallurgical test work indicates high coarse flake recoveries with high purities: testing from Epanko north pri
Slide 6: Excellent Scoping Study Results
Excellent Scoping Study Results For personal use only Descrip:on Unit 50,000 tpa case Independent Scoping Study assessment returned solid Plant throughput Tpa 500,000 conceptual economics Plant recovery % 93.0 Ø Low capital cost of US$57.3m Feed Grade %TGC 10.5 delivers NPV of US$286m Concentrate P
Slide 7: Commercial Objectives
Commercial Objec:ves For personal use only In February 2016, our exploration team delivered the largest and highest grade contained graphite resource in Tanzania, or the fourth largest Globally. This resource provides huge flexibility for small or large production rates. The subsequent Scoping Study
Slide 8: Natural flake graphite market
Natural flake graphite market For personal use only Set for continuing battery demand growth Ø Production is currently dominated by China (75%) and Brazil (10-15%) Flake Graphite by Use Ø China does not have significant coarse flake proportions compared to Africa Other 7% Ø East Coast Africa is se
Slide 9: Metallurgical test work, Perth
Metallurgical test work, Perth For personal use only Extensive metallurgical test work programme underway with first stage results expected in March Ø Formal programme to evaluate Epanko and Ulanzi lodes. 500kg sample from Ulanzi processed to make flake concentrates for further evaluation and marke
Slide 10: Mahenge Project Area
Mahenge Project Area For personal use only Ø 680km2 of tenure Ø The Epanko north, Ulanzi and Cascades graphite zones contain Tanzania’s largest and highest grade graphite resource. Additional drilling will yield more graphite mineralisation Ø 60km from Ifakara which has mains power from the nearb
Slide 11: Development Pathway
Development Pathway For personal use only Construction & Exploration Development Production ü Tenure Acquisition üScoping Study Ø Project Execution Plan ü Community engagement ¤ Metallurgical testwork Ø Financing üCommence exploration ¤ Pre-feasibility study Ø Construction ü Maiden drill p
Slide 12: ASX Peer Comparison – total resource size
ASX Peer Comparison – total resource size For personal use only Market Resource Grade Cont. Enterprise EV/Tonne Resource Category Company Cap Size (TGC%) Graphite Type Project Loca:on Value Graphite (JORC) ($M) (Mt) (Mt) A$m A$/t Syrah Resources (SYR) $1,009 1,150 10.2% 117 Flake Measured, Ind, Inf
Slide 13: Ulanzi cross section
Ulanzi cross sec:on For personal use only Cross sectional view of Ulanzi mineralised lode showing mineralisation on top of steep dipping ridge structures, ideal for low cost mining. Mining strip ratio is expected to < 1:1 Waste:Ore. www.blackrockmining.com.au 13
Slide 14: Summary: The Value Proposition
Summary: The Value Proposi:on For personal use only ü The Largest and highest grade JORC resource in Tanzania 131Mt@ 7.9% TGC with 40% of resource tonnes in the Indicated category. High grade zones of 16.7Mt @11.1% TGC. Low strip ratio open pit mining Ability to produce 25-250ktpa of graphite conce
Slide 15: Ulanzi Block model 3d view
Ulanzi Block model 3d view For personal use only www.blackrockmining.com.au Ulanzi Block model -‐ 3d View 15
Slide 16: Thank You
Thank You For personal use only Mr. Steven Tambanis Managing Director Office: +61 8 9320 7550 st@blackrockmining.com.au www.blackrockmining.com.au 16