Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — AMEC National Congress 2010
25 slides from Bci Minerals's conference presentation, Jun 4, 2010
Slide 1: BC Iron Limited – AMEC National Congress
For personal use only BC IRON LIMITED AMEC National Congress June 2010 Mike Young
Slide 2: Resource Profits Super Tax
RESOURCE PROFITS SUPER TAX For personal use only BC Iron remains focused on bringing the Nullagine Iron Ore Project into production in 2010 How does RSPT affect BC Iron: Viability of NIOP is unaffected by the RSPT BC Iron’s infrastructure is provided through FMG’s Chichester Operations & the Chi
Slide 3: A Unique Investment Opportunity
A UNIQUE INVESTMENT OPPORTUNITY For personal use only Points of difference: Near-term, Pilbara iron ore producer & exporter Infrastructure secured – rail and port Quality pisolite - Direct Shipping Ore Simple operations – minimised performance risk Dynamic team with a record of delivery
Slide 4: History of BC Iron – staying focussed
BC IRON LIMITED For personal use only History of BC Iron – staying focussed BC Iron lists on Australian Securities Exchange (ASX) in December 2006 Resource drilling identifies iron ore at Nullagine - May 2007 Memorandum of understanding with Fortescue Metals Group - July 2007 Drilling to Fea
Slide 5: BC Iron Limited - Capital & Management
BC IRON LIMITED - CAPITAL & MANAGEMENT For personal use only Capital structure Number Board Shares 83.9M Tony Kiernan – Chairman Options 12.2M Mike Young – Managing Director Fully diluted total 96.1M Glenn Baldwin – Non-exec Director Market cap @ $1.60 (diluted) $153 M Terry Ransted – Non-exec Direc
Slide 6: Nullagine Iron Ore Project
NULLAGINE IRON ORE PROJECT For personal use only Nullagine Iron Ore Project Joint Venture with FMG High quality, direct shipping iron ore deposit Low impurities, high CaFe First grade sinter blend 3 to 5 Mt annual production Rail haulage, port services and marketing via TPI & FMG US$50
Slide 7: Nullagine Iron Ore Joint Venture
NULLAGINE IRON ORE JOINT VENTURE For personal use only Project parameters 100% – BCI 50% Ore Reserves 36Mt 57% Fe (65% CaFe) Bonnie Creek Resource base to expand reserves Shaw River Start-up 3 Mtpa with simple in-pit crushing and screening Ramp-up 5 Mtpa with fixed plant crushing and screeni
Slide 8: Nullagine Joint Venture
NULLAGINE JOINT VENTURE For personal use only Nullagine joint venture milestones Outcamp-Warrigal Camp Location Haul Road • Target for 30 June ‘11 – 1 Mt exported Christmas Ck OPF 8
Slide 9: Nullagine JV – Outcamp Mine
NULLAGINE JV – OUTCAMP MINE For personal use only 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N Scale 500 m Outcamp-Warrigal deposit Outcropping mesa (Spanish for ‘table’) Low waste to ore ratio – 1:1 life-of-mine Above water table – assists permitting No pit – mining of
Slide 10: Nullagine JV – Outcamp Mine
NULLAGINE JV – OUTCAMP MINE 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 scre
Slide 11: Nullagine JV - Milestones
NULLAGINE JV - MILESTONES For personal use only Recent Achievements: Native title mining agreement Mining lease granted All key contracts awarded Camp construction commenced Upcoming Milestones Mining Proposal approval Environmental approval Phase 1 camp under construction Haul road co
Slide 12: Trial Mining
TRIAL MINING For personal use only Nullagine ore stockpile at Outcamp Trial mine – 66,000 tonnes of quality iron ore 12
Slide 13: Major Contracts
MAJOR CONTRACTS For personal use only Major Contracts Watpac Ltd – mining and crushing & screening Watpac Ltd – haul road construction Mitchell West - ore haulage Complete Portables – camp and mine ops centre Typical mobile crushing/screening plant Mining, crushing & screening Wirtgen 2500 sele
Slide 14: Construction
CONSTRUCTION For personal use only Complete Portables - Phase 1 camp units under construction and installation 14
Slide 15: Construction
CONSTRUCTION For personal use only Complete Portables - Phase 1 camp units being prepared for transport Grade control drilling – VM Drilling at Outcamp 15
Slide 16: Construction
CONSTRUCTION For personal use only Chainage 0.00 Haul road route aerial survey – Chainage 0.0 – view north towards mesa 16
Slide 17: Construction
CONSTRUCTION For personal use only Chainage 20.00 Haul road route aerial survey – Chainage 20.0 – view south 17
Slide 18: Construction
CONSTRUCTION For personal use only Chainage 40.00 Haul road route aerial survey – Chainage 40.0 – view south 18
Slide 19: June 2009 – Reserves and Resources Statement
NULLAGINE JOINT VENTURE For personal use only June 2009 – 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 0.01 0.01 12.4
Slide 20: Pilbara Iron Ore Fines
PILBARA IRON ORE FINES For personal use only Nullagine DSO Yandi/Robe Pilbara Fines Element Reserve DSO DSO Fe% 57 57 – 58.5 58 - 64 Calcined Fe% 65 64 63-65 SiO2% 3.2 3–6 3–4 Al2O3% 1.9 1.4 – 2.7 1.3 – 2.1 P% <0.02 ~0.04 0.05 – 0.09 LOI 12 9-11 3-8 Size -0.15mm <10% 5-20% 10-30% Direct Shipping Ore
Slide 21: Blast Furnaces
BLAST FURNACES 101 For personal use only Blast furnace reduces iron ore to iron metal Coal and lump ore added at the top Burden travels down, hot gases travel up Hot metal and slag removed from the bottom Fines ore ‘sintered’ to make synthetic lump Effects of deleterious elements Al2O3 – a
Slide 22: Marketing
MARKETING For personal use only Excellent sinter blend ore Sintering changing fines to lump by heat agglomeration Low impurities, low ultrafines – improved performance Nullagine sinter blend improves sintering efficiency and productivity Marketing advantages of Nullagine DSO China prefers
Slide 23: Project Pipeline
PROJECT PIPELINE For personal use only Targeted M & A Experienced Pilbara iron ore junior Use in-house experience and IP Use developed relationships (FMG, Henghou) Commodity and geography Realistic targeting of sufficient quantity, quality and technical & commercial thresholds Active in bu
Slide 24: BC Iron Limited – Catalysts
BC IRON LIMITED – CATALYSTS For personal use only BCI is poised for value re-rating: Infrastructure solution secured Approvals in process and on track Key contracts awarded – long lead items locked in Mining commences Q3 2010 Iron ore exports commence Q4 2010 Data BCI and ASX Viability of NIOJ
Slide 25: 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. Forward-looking statements are necessarily subject to risks, uncertainties and other factors,