Brockman Mining Ltd. · HKEX:159
Brockman Mining — Australian Journal of Mining Global Iron Ore and Steel Forecast Conference (March 2015)
30 slides from Brockman Mining's conference presentation, Mar 11, 2015
Slide 1: Pilbara Infrastructure – A New Landscape
For personal use only PILBARA INFRASTRUCTURE– IT’S A GOOD A NEW TIME TO SECURE LANDSCAPE INFRASTRUCTURE Investor Presentation Australian Journal of–Mining November 20152013 Global Iron Ore and Steel Forecast Conference Russell Tipper, Chief Executive Officer, Brockman Mining Australia Colin Paterson
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Brockman Mining Limited (“Brockman” or “the Company”) to For personal use only assist it in informing interested parties about the Company. It should not be considered an invitation or offer to subscribe for or purchase any securities i
Slide 3: Overview
Overview For personal use only • About Brockman • Financial backing • Projects overview • Infrastructure Solution • Conclusion 3
Slide 4: Capital Structure
Capital Structure Brockman Mining Limited is listed on the HKEx (159) and the ASX (BCK) For personal use only March 2015 Shares on issue 8.4 billion Market capitalisation (i) A$444.2 million Cash on hand (ii) A$22.2 million Debt nil Enterprise value A$424.5 million Options on issue 352.5 million (i)
Slide 5: Brockman - a producer in the making
Brockman - a producer in the making For personal use only • Brockman has 35 Mtpa to underpin an East Pilbara infrastructure solution. • Both Marillana (20mtpa) and Ophthalmia (15 Mtpa) projects offer significant tonnage throughput, long mine life (15-20 years) and products marketed in the 62% Fe ind
Slide 6: Strong Shareholder Support
Strong Shareholder Support For personal use only • Brockman is supported by both Chinese and Australian shareholders. • Brockman’s major shareholders have significant investment interests in China and Australia which will facilitate the commercialisation of Marillana. • The largest shareholder, Ocea
Slide 7: Marillana & Ophthalmia Mines
Marillana & Ophthalmia Mines For personal use only 7
Slide 8: Brockman Pilbara Assets
For personal use only Brockman Pilbara Assets 8
Slide 9: Marillana – a competitive project
Marillana – a competitive project PROJECT Mining Reserve (JORC 2004) For personal use only 1.05 Bt (Proven: 133 Mt, Probable: 916 Mt) Final product and grade 426 million tonnes at 60.5–61.5% Fe, low impurities. Mining Operations • Conventional truck and shovel • Free digging • Average Strip Ratio: 0
Slide 10: Marillana – Simple Mining & Processing
Marillana – Simple Mining & Processing • Shallow, large scale mining Simple robust process flow sheet For personal use only • • Positive sintering performance • -8 mm +1 mm product size – no ultra fines • Additional yield possible from -1mm material Pit 6 Pit 1 Pit 5 Pit 2 Pit 4 Pit 3
Slide 11: Marillana Detrital Processing Plant
Marillana Detrital Processing Plant For personal use only SCRUBBING PRIMARY SIZER CRUSHED ORE STOCKPILE -32+8mm WET SCREENING +8mm Natural -1mm SECONDARY CRUSHING -8+1mm -8+1mm +32mm SCREENING Generated -1mm DMS CIRCUIT REFLUX CLASSIFIERS REJECTS REJECTS CONCENTRATE COARSE REJECTS FINE REJECTS THICK
Slide 12: Marillana – Pilot Scale Testwork
Marillana – Pilot Scale Testwork For personal use only • 320 tonne bulk sample from two areas processed at a nominal rate of 5 tonne/hour • Met or exceeded all expected beneficiation parameters – Fe (60.9%) – Yield +40% – Phos 0.076% • Extensive sinter testwork based on this product replacing up to
Slide 13: Ophthalmia – next phase
Ophthalmia – next phase • Potentially as significant as the For personal use only Marillana Project with bedded hematite mineralisation (DSO) discovered 15 – 30 km north of Newman. • Current JORC 2012* Mineral Resource of 341 Mt at 59.3% Fe from deposits at Coondiner (Pallas and Castor), Kalgan Cree
Slide 14: Rail
For personal use only Rail 14
Slide 15: Rail Options
Rail Options For personal use only • Confident we will achieve a rail solution • TPI Rail access – Access Application submitted to the TPI railway in May 2013 under the WA Rail Access Code (2000). TPI challenged this application both with the Economic Regulation Authority and in the WA Supreme Court
Slide 16: Other Rail Options
Other Rail Options For personal use only • Negotiated haulage – Infrastructure owners more pragmatic – See potential to use as a profit centre to offset reduced ore revenues • New rail – Aurizon Relationship Agreement - EPIR – MRL (BOTS) – proposed corridor runs through Marillana lease 16
Slide 17: Port Options
For personal use only Port Options 17
Slide 18: Port Infrastructure
Port Infrastructure • NWI is a joint venture between For personal use only Brockman & Atlas; • NWI is the delivery vehicle for the State Government’s 50 Mtpa ‘B’ class Junior Port conferral at South West Creek (SWC), Port Hedland, which includes two berths and a stockyard; • No shareholder has a spe
Slide 19: Transhipping Opportunities
Transhipping Opportunities For personal use only • The Junior Port can look at other opportunities in ‘C’ class which could increase the SWC potential capacity beyond 50 Mtpa; • Built-for-purpose Transhipment Shuttle Vessels can utilise low tide slots; • Low upfront infrastructure development/dredgi
Slide 20: Conclusion
Conclusion For personal use only • Current low price environment creates the opportunity for pragmatic multi-user infrastructure solutions; • There is incentive for infrastructure owners to seek additional revenues from infrastructure; • Brockman aims to secure viable infrastructure options exercisa
Slide 21: Appendix: Resource and Reserve Summaries
For personal use only Appendix 1 Resource and Reserve Summaries 21
Slide 22: Mineral Resources/Ore Reserves Summary
Mineral Resources/Ore Reserves Summary Project Resource Grade Reserve Grade (Mt) (% Fe) (Mt) (% Fe) For personal use only Marillana Detrital 1,528 42.6 1,001 42.4 CID 102 55.6 48 55.5 Ophthalmia Coondiner DSO 158 58.4 - - Kalgan Creek DSO 59 59.4 - - Sirius DSO 124 60.3 - - West Pilbara Duck Creek 1
Slide 23: Marillana Iron Ore Project Mineral Resource Summary
Marillana Iron Ore Project Mineral Resource Summary BENEFICIATION FEED For personal use only (Cut-off grade: 38% Fe) Mineralisation Resource Tonnes Grade type classification (Mt) (% Fe) Detrital Measured 173 41.6 Indicated 1,036 42.5 Inferred 201 40.7 Pisolite Indicated 117 47.4 Subtotal Measured 17
Slide 24: Marillana CID Mineral Resource Summary
Marillana Iron Ore Project Mineral Resource Summary For personal use only MARILLANA CID (Cut-off grade: 52% Fe) Resource Tonnes Fe CaFe* AI2O3 SiO2 P LOI classification (Mt) (%) (%) (%) (%) (%) (%) Indicated 84.2 55.8 61.9 3.6 5.0 0.097 9.8 Inferred 17.7 54.4 60.0 4.3 6.6 0.080 9.3 TOTAL 101.9 55.6
Slide 25: Marillana Ore Reserve Summary
Marillana Iron Ore Project Ore Reserve Summary For personal use only MARILLANA DETRITAL ORE RESERVES Reserve classification Mt Fe (%) Proven 133 41.6 Probable 868 42.5 TOTAL 1,001 42.4 MARILLANA CID ORE RESERVES* Reserve Mt Fe CaFe* Sio2 AI2O3 P LOI classification (%) (%) (%) (%) (%) (%) Probable 48
Slide 26: Ophthalmia Mineral Resource Summary
Ophthalmia Iron Ore Project Mineral Resource Summary OPHTHALMIA DSO Mineral Resources For personal use only (Cut-off grade: 54% Fe) Tonnes Fe CaFe* SiO2 Al2O3 S P LOI Deposit Class (Mt) (%) (%) (%) (%) (%) (%) (%) Indicated 140.5 58.5 62 5.18 4.46 0.007 0.18 5.71 Coondiner Inferred 17.1 58.1 61.5 6.
Slide 27: West Pilbara Mineral Resource Summary
West Pilbara Iron Ore Project Mineral Resource Summary For personal use only WEST PILBARA DSO Mineral Resources (Cut-off grade: 54% Fe) Deposit Class Tonnes Fe CaFe* SiO2 Al2O3 S P LOI (Mt) (%) (%) (%) (%) (%) (%) (%) Duck Inferred 18.3 56.5 62.8 4.91 3.22 0.037 0.06 9.96 Creek Total 18.3 56.5 62.8
Slide 28: Competent Person’s Statement
Competent Person’s Statement The information in this presentation that relates to Mineral Resources and Ore Reserves at Marillana is based on information compiled by Mr I For personal use only Cooper, Mr J Farrell and Mr A Zhang. The information in this presentation that relates to Mineral Resources
Slide 29: Appendix: Access Process
For personal use only Appendix 2 Access Process 29
Slide 30: s14/15 submissions
For personal use only Brockman is advancing the s14/15 submissions. The s14/15 submissions are estimated to be lodged in QTR2 2015. 30