Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Mines and Money Conference Hong Kong 2011
25 slides from Bci Minerals's conference presentation, Mar 21, 2011
Slide 1: ASX cover letter to Company Announcements Office
For personal use only 21 March 2011 The Manager Company Announcements Office Australian Securities Exchange BC Iron Limited (ASX: BCI) Please find attached a copy of the presentation that BC Iron will be presenting at the Mines and Money Conference in Hong Kong as well as to individual investors and
Slide 2: Company Update – Hong Kong 2011
BC IRON LIMITED For personal use only Company Update – Hong Kong 2011 March 2011 Mike Young - CEO Morgan Ball – CFO
Slide 3: Company History
COMPANY HISTORY For personal use only 2006 to 2010 : Rapid Growth ! 2006 – Listing on Australian Securities Exchange ! 2007 – Discover of iron ore at Outcamp Well ! 2008-2009 – Drilling, Feasibility, Joint Venture with Fortescue ! 2010 – Mining commences ! 2011 – Iron ore exports commence 2
Slide 4: A Unique Junior Iron Ore Company
A UNIQUE JUNIOR IRON ORE COMPANY For personal use only Points of difference: ! Iron ore producer and exporter ! First ore on ship in Feb 2011 ! Production at 3Mtpa by mid-2011 ! Ramp up to 5Mtpa by mid-2012 ! Infrastructure secured – rail and port allocation ! Nullagine Joint Venture with Fortescue
Slide 5: Regent Pacific Scheme of Arrangement
REGENT PACIFIC SCHEME OF ARRANGEMENT For personal use only Regent Pacific Scheme of Arrangement Takeover ! BC Iron Directors unanimously recommend bid pending outcome of Independent Experts Report ! AUD 3.30 per share ! Allows shareholders to determine outcome – 75% YES vote required ! Positive valu
Slide 6: BC Iron Limited – Company Snapshot
BC IRON LIMITED – COMPANY SNAPSHOT For personal use only Board of Directors BC Iron at the Nullagine JV The ore stockpile from the Trial Mining carried out in 2H 2009 can be seen in the background. Trial mining was a main recommendation of the Feasibility Study and served to de-risk the project by c
Slide 7: BC Iron Limited – Company Snapshot: Senior Management Team
BC IRON LIMITED – COMPANY SNAPSHOT For personal use only Senior Management Team Blair Duncan - Chief Operations Officer Morgan Ball - Chief Financial Officer John McCarthy – Resident Manager, NIOJV Greg Hudson - Chief Geologist Gerry Bradley – Sustainability Manager Donna Neill – HR The BC Iron team
Slide 8: Pilbara Projects Location
PILBARA PROJECTS LOCATION For personal use only Bungaroo Project (BCI 100%) ! Bungaroo near RIO Tinto’s Bungaroo Creek & IOH Buckland Hills ! Exploration in 2011 field season Nullagine Joint Venture (BCI 50%) ! Directly north of Fortescue’s Chichester Operations ! Ore Reserves of 36Mt @ 57% Fe (65%
Slide 9: Iron Ore Project: Nullagine Iron Ore Joint Venture
NULLAGINE IRON ORE PROJECT For personal use only Nullagine Iron Ore Joint Venture ! Joint Venture with Fortescue (50:50) ! BC Iron Nullagine (BCIN) is the operator Bonnie Creek and Manager of the Project ! BCIN contracts TPI to provide rail & port Shaw River services on a fixed price per tonne basis
Slide 10: Iron Ore Project: Project Metrics
NULLAGINE IRON ORE PROJECT For personal use only Project Metrics (BCI 50%) ! Production: 0.8mt shipped in FY10/11 3mt shipped in FY11/12 ! Mine Life: 8.5 years + growth ! Mining: Wirtgen surface miners & front-end loaders ! Crush/screen: Striker 2o and 3o only ! Haulage 1: Short term using 75t road
Slide 11: Iron Ore Project: Production Rates
NULLAGINE IRON ORE PROJECT For personal use only Production Rates ! 1Mtpa rate by 30 June 2011 ! 3Mtpa to 5Mtpa when FMG expands its Chichester NIOJV Production Profile Hub – expected by mid-2012 5 ! 20Mt committed to Henghou Industries (HK) Limited 4.5 4 West Australian CID Annualised Production 3.
Slide 12: Progress Update
PROGRESS UPDATE For personal use only Construction and mining update ! Mining commenced in November; each SM at full production >600 tph ! Crushing and screening circuit commissioned at 6,500 tonne per shift ! 55 km haul road construction complete in April/May ! Haulage currently using 75t road trai
Slide 13: Mine to Market
NULLAGINE JV – MINE TO MARKET For personal use only 12
Slide 14: Mine to Mill
NULLAGINE JV – MINE TO MILL For personal use only 88 t 108 t 77 t 88 t 68 m
Slide 15: Outcamp
NULLAGINE JV – OUTCAMP For personal use only Outcamp mesa looking southwest. Initial mining occurs in the foreground.
Slide 16: Outcamp
NULLAGINE JV – OUTCAMP 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 screeni
Slide 17: Reserves & Resources
NULLAGINE JV – RESERVES & RESOURCES For personal use only June 2010 – 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.
Slide 18: BC Iron Limited: Focus and Delivery
BC IRON LIMITED For personal use only Focus and delivery: "Discovery 2007 "Feasibility 2009 "Producer 2011 17
Slide 19: Surface Miner operating at Outcamp
NULLAGINE JV For personal use only Surface Miner operating at Outcamp
Slide 20: Triple road trains at Outcamp and Christmas Creek
NULLAGINE JV For personal use only 75t ‘Triple’ road train loaded at Outcamp. ‘Triple’ road train arrives at BCIN stockpile at Christmas Creek OPF. ‘Triple’ road train delivers ore at Christmas Creek OPF.
Slide 21: First ore on Train – Christmas Creek
NULLAGINE JV For personal use only First ore on Train – Christmas Creek
Slide 22: First ore on Ship – Port Hedland
NULLAGINE JV For personal use only First ore on Ship – Port Hedland
Slide 23: First ore delivery to Henghou – China
NULLAGINE JV For personal use only First ore delivery to Henghou - China
Slide 24: Nullagine JV
For personal use only NULLAGINE JV
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 as of the time of the release of this document. Forward-looking statements are necessarily subj