Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Non-Deal Roadshow (October 2010)
27 slides from Bci Minerals's roadshow presentation, Oct 25, 2010
Slide 1: ASX cover letter for East Coast road show presentation
25 October 2010 For personal use only 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 to investors during its East Coast road show beginning on Wednesday, 27 October 2010
Slide 2: BC Iron Limited Project Update
BC IRON LIMITED Project Update For personal use only October 2010 Mike Young - MD Morgan Ball - CFO
Slide 3: A Unique Investment Opportunity
For personal use only A UNIQUE INVESTMENT OPPORTUNITY Points of difference: Production & revenue imminent Mining commenced First ore on ship in Dec 2010 Start up at 3Mtpa moving to 5Mtpa 1Mt shipped by 30 June 2011 Infrastructure secured – rail and port allocation Nullagine Joint Ventu
Slide 4: History of BC Iron
For personal use only HISTORY OF BC IRON Staying Focused Dec 2006 BC Iron lists on Australian Securities Exchange (ASX) May 2007 Resource drilling identifies iron ore at Nullagine Jul 2007 Memo of understanding with FMG 2007-09 Drilling to Feasibility & Ore Reserves Jul 2009 Capital raisin
Slide 5: BC Iron Limited – Company Snapshot: Board of Directors
For personal use only BC IRON LIMITED – COMPANY SNAPSHOT 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 6: BC Iron Limited – Company Snapshot: Senior Management Team
For personal use only BC IRON LIMITED – COMPANY SNAPSHOT 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 and OH&S The BC
Slide 7: Iron Ore Joint Venture – Pilbara Projects
For personal use only NULLAGINE IRON ORE JOINT VENTURE BC Iron Limited – Pilbara Projects Bungaroo near RIO Tinto’s Bungaroo Creek & IOH Buckland Hills Exploration in 2011 field season Nullagine Project Directly north of FMG Chichester Operations Ore Reserves of 36Mt @ 57% Fe (65% CaFe) Ta
Slide 8: Nullagine Iron Ore Joint Venture
For personal use only NULLAGINE IRON ORE PROJECT Nullagine Iron Ore Joint Venture Joint Venture with FMG (50:50) BC Iron operators of the Project Bonnie Creek BCI manages all facets of mining and trucking Shaw River BCI contracts TPI to provide rail & port services on a fixed price per tonne
Slide 9: Iron Ore Project – Project Metrics
For personal use only NULLAGINE IRON ORE PROJECT Project Metrics (BCI 50%) Production: 1mt 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: 361t Power Trans road haul via
Slide 10: Iron Ore Project – Production Profile
For personal use only NULLAGINE IRON ORE PROJECT Production Profile NIOJV Production Profile 1Mtpa shipped by 30 June 2011 5 4 3Mtpa to 5Mtpa when FMG expands its Chichester Millions Hub – expected by 2H 2012 3 2 TPA 20Mt committed to Henghou Industries (HK) 1 West Australian CID 0 June 11 Jun
Slide 11: Nullagine Iron Ore Joint Venture – Project Schedule
For personal use only NULLAGINE IRON ORE PROJECT Nullagine Iron Ore Joint Venture – Project Schedule Construction & mining schedule as of October 22 2010 Schedule is general in nature and changes may occur 10
Slide 12: Mine to Market
For personal use only NULLAGINE JV – MINE TO MARKET •Wirtgen 2500SM Surface Miner x 2 •CAT 777D Dump Trucks x 3 •CAT 992 FEL’s x 2 Mining •Striker Crushing & Screening Plant •TL 2000 Apron Feeder •Three stage screening plant •CM 500 Cone Crushers x 2 •Sampling Station •600 tonnes per hour Crushing &
Slide 13: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL
Slide 14: Iron Ore Project – Geology
For personal use only NULLAGINE IRON ORE PROJECT – GEOLOGY 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’) Above water table No pit – mining off the top of mesa 13
Slide 15: Outcamp
For personal use only NULLAGINE JV – OUTCAMP
Slide 16: Outcamp
For personal use only NULLAGINE JV – OUTCAMP 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
For personal use only NULLAGINE JV – RESERVES & RESOURCES 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: Project Pipeline
For personal use only PROJECT PIPELINE 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 19: BC Iron Limited – Catalysts
For personal use only BC IRON LIMITED – CATALYSTS BCI is poised for value re-rating: Infrastructure solution secured Approvals from mine to port secured Key long-lead items ordered (Powertrans, Wirtgen SM) Mining commenced Q3 2010 Iron ore exports commence Q4 2010 Data: BCI and ASX Revenue str
Slide 20: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Project stockpile at Outcamp, looking south along haul road corridor
Slide 21: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Graders clearing on haul road alignment.
Slide 22: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Aerial view of Stage 1 haul road alignment clearing looking north towards Outcamp (right). Haul road alignment clearing (above).
Slide 23: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Aerial views of Stage 1 haul road alignment clearings.
Slide 24: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Aerial view looking northwest of Christmas Creek OPF rail loop. BC Iron haul road will enter from top right of photo.
Slide 25: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Aerial view looking southeast of Christmas Creek OPF rail loop. BC Iron stockyard area will be in the cleared area in the middle right of the photo.
Slide 26: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Aerial view of BC Iron first stage, 60-man camp. Expansion underway to final camp which will be 180-man.
Slide 27: Supporting Statement
For personal use only SUPPORTING STATEMENT 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,