Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Investor Presentation (December 2009)
23 slides from Bci Minerals's investor presentation, Dec 14, 2009
Slide 1: BC Iron Limited Company Update
For personal use only BC Iron Limited Company Update December 2009 Mike Young CEO Morgan Ball CFO
Slide 2: 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 Feasibility
Slide 3: BC Iron - Capital & Management
BC IRON - CAPITAL & MANAGEMENT For personal use only Capital Structure Number Board Shares 83.7M Tony Kiernan – Chairman Options 3.2M Mike Young – Managing Director Fully Diluted Total 86.9M Garth Higgo – Non-exec Director Market Cap @ $1.05 (diluted) $91.2 M Terry Ransted – Non-exec Director Steven
Slide 4: 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 Production starts late 2010 3 to 5 Mt annual production Port and rail access secured Offtake and project financing in place US$50m prepayments for 20 Mt o
Slide 5: Nullagine Project Parameters
NULLAGINE IRON ORE PROJECT For personal use only Nullagine Project Parameters Ore Reserves 36Mt 57% Fe (65% CaFe) Bonnie Creek Simple mining with low waste to ore Shaw River Start-up 3 Mtpa with simple in-pit crushing and screening Ramp-up to 5 Mtpa with fixed plant crushing and screening Nullagine
Slide 6: Nullagine JV Milestones
NULLAGINE JV MILESTONES For personal use only Nullagine Joint Venture Milestones Outcamp-Warrigal • Dec to March 2010 - Approvals • Jan to March 2010 - Award contracts • April 2010 - Haul road construction begins Coongan Well • May 2010 - Village & mine centre construction begins • August 2010 - Min
Slide 7: Nullagine JV – Outcamp Prospect
NULLAGINE JV – Outcamp Prospect For personal use only 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N Scale 500 m Outcamp Deposit Outcropping mesa – style Low waste to ore ratio Above water table No pit – mining off the top 7
Slide 8: Nullagine JV – Outcamp Prospect
NULLAGINE JV – Outcamp Prospect For personal use only Trial Mine Area Bottom of “pit” 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 screening
Slide 9: Outcamp Mine – Trial mining and bulk sample
OUTCAMP MINE – Trial mining and bulk sample For personal use only Trial mine findings: Plant Site Surface miners are confirmed as suitable to mine Nullagine ore Pit 1 Production rates achieve better than Feasibility estimates Actual tonnes and grade 113% of the predicted model Pit 3 Simple crushing
Slide 10: Test Pit Reconciliation
TEST PIT RECONCILLIATION For personal use only Planned Final Product Costean tonne Fe Al2O3 SiO2 P S LOI1000 Costean 1 26,970 56.9 2.1 4.1 0.02 0.02 11.9 Costean 3 8,355 58.5 1.4 3.7 0.02 0.01 10.8 Costean 4 20,667 56.9 2.1 4.5 0.02 0.02 11.6 TOTAL 55,992 57.1 2.0 4.2 0.02 0.01 11.6 Mined Final Prod
Slide 11: Trial Mining
TRIAL MINING For personal use only Wirtgen 2500 at Outcamp Well 11
Slide 12: Trial Mining
TRIAL MINING For personal use only Cut ore requires no primary crushing 12
Slide 13: Trial Mining
TRIAL MINING For personal use only Simple secondary screening and crushing circuit 13
Slide 14: Trial Mining
TRIAL MINING For personal use only Nullagine ore stockpile at Outcamp Trial mine 14
Slide 15: 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 TOTAL
Slide 16: 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 (DSO)
Slide 17: Outstanding Sinter Quality
OUTSTANING SINTER QUALITY For personal use only Chemical advantages Ultra-low Phosphorous (<0.02%) High Calcined Fe (65%) Physical advantages Low ultra-fines – improves sinter speed Ignition hood on sinter strand Sintering advantages (Results from Shandong University, PRC) Sintering efficiency and p
Slide 18: Seaborne Fines Comparison
For personal use only 60 62 64 66 68 70 72 RRF BHP Yandi Calcined Fe FMG Rocket Fines BC Iron Nullagine Mt Newman Pilbara Blend HI Yandi MAC Sishen SSF Carajas LKAB KBF 18 SEABORNE FINES COMPARISON
Slide 19: Seaborne Fines Comparison
For personal use only 0 1 2 3 4 5 6 7 Carajas LKAB KBF Calcined SiO2 Sishen MAC SSF BC Iron Nullagine Pilbara Blend FMG Rocket Fines Mt Newman HI Yandi RRF BHP Yandi SEABORNE FINES COMPARISON 19
Slide 20: Seaborne Fines Comparison
For personal use only 0.0 0.5 1.0 1.5 2.0 2.5 3.0 LKAB KBF Carajas Calcined Al2O3 SSF Sishen HI Yandi BHP Yandi FMG Rocket Fines MAC Mt Newman Pilbara Blend BC Iron Nullagine RRF SEABORNE FINES COMPARISON 20
Slide 21: Seaborne Fines Comparison
For personal use only 0 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 BC Iron Nullagine Calcined P RRF Carajas BHP Yandi LKAB KBF HI Yandi Sishen FMG Rocket Fines SSF MAC Mt Newman Pilbara Blend 21 SEABORNE FINES COMPARISON
Slide 22: BC Iron Limited – Ticking the Boxes
BC IRON LIMITED – Ticking the Boxes For personal use only To be a successful iron ore mining company: Quality resources Port and rail infrastructure Off-take agreement Project financing Experienced management A great team “Ticking all the boxes towards production in 2010!” 22
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. Forward-looking statements are necessarily subject to risks, uncertainties and other factors,