Slide 1: Company Update August 2015
For personal use only Company Update August 2015
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Bathurst Resources Limited (“Bathurst”) to assist it in informing interested parties about the Company and its progress. It should not be considered as an offer or For personal use only invitation to subscribe for or purchase any securi
Slide 3: Capital Structure
Capital Structure As of 30 JUNE 2015 Ticker (ASX / NZX) BRL For personal use only Shares on issue 947.8M Options & performance rights on issue 0.15M Market capitalisation NZ$12.3M Bank debt NZ$3.1 Cash & short term deposits NZ$5.2m Shareholder composition (as of 4 August 2015) Republic Investment Ma
Slide 4: South Island Locations
South Island Locations For personal use only 4
Slide 5: Stay in Business Strategy
Stay in Business Strategy ♦ For personal use only New board – new direction ♦ Strategic review process initiated ♦ Focus on domestic market cash generation ♦ Management of costs across the business ♦ Develop Escarpment in preparation to enter export markets ♦ Transition from explorer to producer on
Slide 6: Domestic Overview
Domestic Overview ♦ Zero LTI previous two financial years – Target 0 FY16 For personal use only ♦ Domestic coal production provides positive cash flow ♦ Energy for South Island industry ♦ Production target 450,000 tonnes for FY16 ♦ No exposure to international coal price volatility and FX risk ♦ Ini
Slide 7: Domestic Operations
Domestic Operations Domestic operations: provide solid earnings platform For personal use only ♦ Operating mines in Southland, Buller and Canterbury ♦ Takitimu mine ♦ Cascade/Escarpment mines ♦ Canterbury mine ♦ Exploration permits in Canterbury and Southland ♦ Albury ♦ Ohai ♦ New Brighton ♦ Develop
Slide 8: Southland Footprint
For personal use only Southland Footprint 8
Slide 9: Takitimu Mine
For personal use only Takitimu Mine 9
Slide 10: Canterbury Permit
For personal use only Canterbury Permit 10
Slide 11: Canterbury Mine
For personal use only Canterbury Mine 11
Slide 12: Export Overview
Export Overview ♦ Commenced operations at Escarpment For personal use only ♦ All permits and approvals in place ♦ Site works underway ♦ ‘Construction’ coal sold into domestic market ♦ Initial infrastructure in place ♦ Capital for first stage – trucking 500k tonne ♦ Working capital ~$15m to support r
Slide 13: Export Development Strategy
Export Development Strategy Objective - sustainable margins at current coal pricing For personal use only Key strategies - Mining cost reduction • targeting low strip areas of high quality coal • Increased productivity • revised mining plan Reduce logistics path costs • rail costs • shipping opt
Slide 14: Broader Buller Coal Project
Broader Buller Coal Project For personal use only 14
Slide 15: Cascade and Escarpment
Cascade and Escarpment For personal use only 15
Slide 16: Escarpment Mine
For personal use only Escarpment Mine 16
Slide 17: Cascade Mine
For personal use only Cascade Mine 17
Slide 18: Appendices
For personal use only 18 APPENDICES
Slide 19: Coal Quality - Escarpment
Coal Quality - Escarpment PROPERTY INITIAL COAL SPECS For personal use only Total Moisture (ar) 8 - 10% Inherent Moisture (adb) 0.6 - 1.3% Ash (adb) 6 - 7% Total Sulphur (adb) 0.6 – 1.1% Free Swelling Index 8-9 Romax 0.9 - 1.0 Volatile Matter (adb) 34-38% Maximum fluidity (ddpm) 10,000 to 50,000 Pho
Slide 20: Board of Directors
Board of Directors For personal use only Toko Kapea Non-Executive Chairman Commercial lawyer and company director Richard Tacon Executive Director & CEO Over 32 years coal mining operations experience Russell Middleton Non-Executive Director Strong financial background in mining and construction Pet
Slide 21: Director Profiles
Director Profiles Toko Kapea – Non-executive Chairman Toko is a Wellington based commercial lawyer, consultant and director. He is a director of Tuia Group Limited and a partner in Tuia Legal. Toko has worked at Chapman Tripp and in legal roles in-house at Meridian Energy, Bank of New Zealand, St. G
Slide 22: Executive Management Team
Executive Management Team Craig Pilcher For personal use only GM Domestic Operations Fiona Bartier GM HSEC Jason Hungerford Financial Controller Sam Aarons GM Corporate Relations Alison Brown General Counsel Bill Lyne Company Secretary 22
Slide 23: Competent person statement
Competent person statement For personal use only Resources are inclusive of reserves. All resources quoted are reported as 30 October 2013 “Increased Resources for Buller Coal Project”. This information was prepared and first disclosed in terms as defined in the 2004 Edition of the “Australasian Cod