Slide 1: Pilbara Focused Manganese Developer & Explorer
For personal use only Pilbara Focused Manganese Developer & Explorer Updated MRE Presentation December 2023 ASX:BCA BLACKCANYON.COM.AU
Slide 2: Disclaimer & Forward Looking Statements
Disclaimer & Forward Looking Statements The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. The opinions and recommendations in this presentation are not intended to represen
Slide 3: Manganese Explorer and Developer
Manganese Explorer and Developer For personal use only MANGANESE BEST IN DEVELOPMENT PREMIER FOCUSED CLASS OPTIONS LOCATION Essential for alloys used Substantial Global MRE’s Traditional manganese Tier 1 location – WA Projects in the steel industry and totaling 314 Mt @ 10.5% concentrate for the Mn
Slide 4: Corporate Overview
Corporate Overview ASX Code $8.6m $1.9m $6.7m BCA Market Cap Cash Enterprise Value For personal use only (as at 18/12/2023) (End of Sept Quarter) 1.0m 7.0m 69.04m Shares on Issue Unlisted Options ($0.25 exercise, exp 5/05/2024) Unlisted Options ($0.28 exercise, exp 27/07/2025) Graham Ascough (Non-Ex
Slide 5: Manganese Fundamentals
Manganese Fundamentals Essential for steel and critical for EV Li-ion batteries Manganese (Mn) is the fourth most consumed metal by tonnage with 60Mt tonnes of ore mined annually. For personal use only Approx. 90% used in steel Baseload demand for manufacturing as Mn alloys manganese ores continues
Slide 6: Manganese – Critical Energy Metal
Manganese – Critical Energy Metal More manganese required to feed the battery technology evolution Increased battery manufacturing capacity being developed in the USA and Europe with the Inflation Reduction Act and Critical Raw Materials Act respectively. For personal use only Svolt unveiled the
Slide 7: BCA Midstream HPMSM Testwork
BCA Midstream HPMSM Testwork Stage 1 – Evaluate Ore Suitability (2022) Initial leach tests yielded a 93% extraction rate. For personal use only Crystallised Manganese Sulphate crystals containing >32% Mn which >99% Mn Sulphate purity. Comparable to the typical 32% Mn content of battery grade HPMSM b
Slide 8: Asset Overview – 2,400km2 Under Tenure
Asset Overview – 2,400km2 Under Tenure High Grade (52.9% Mn) Rock Chip samples from Wandanya (BCA 100%) Hydrothermal Style Mn Mineralisation For personal use only KR1 Target - E46/1383 (BCA 100%) Supergene Style Mn Mineralisation INVESTOR PRESENTATION 8
Slide 9: Potential for Global Scale Discoveries
Potential for Global Scale Discoveries Kalahari Manganese Field & Mines Balfour Manganese Field, Mineral Resources & Prospects Parameter Kalahari Balfour For personal use only Basin Scale 35km x 15km 70km x 30km Carbonate & Manganese Ore type Oxide Oxide Benchmark Price (CIF) 36-38% Mn 44% Mn (12 mo
Slide 10: 2023 Updated Global Mineral Resource Estimates
2023 Updated Global Mineral Resource Estimates Black Canyon controls the largest contained Manganese deposits in WA – 33.1Mt of contained Mn MREs with strong geological and grade continuity demonstrated For personal use only across the deposits and upside along strike in several resources Large
Slide 11: Black Canyon in the Australian Manganese Context
Black Canyon in the Australian Manganese Context Groote Eylandt Mine – largest manganese deposits in Australia. Approved the Eastern Lease South extension to extend the mine life to at least 2028. Current Reserve are 44Mt @ 42.6% Mn (56% yield) for 4.7yrs. For personal use only Woodie Woodie Min
Slide 12: KR1 & KR2 Deposits
KR1 & KR2 Deposits (BCA 100%) 79 Mt @ 10.0% Mn for 7.8 Mt of contained Mn KR1 Mineral Resource model and coloured by Mn grade (%) For personal use only KR1 Section 7,475,100mN 24 Mt @ 11.9% Mn for 2.9 Mt of contained Mn KR2 Mineral Resource model and coloured by Mn grade (%) KR2 Section 7,472,200mN
Slide 13: Balfour East & Damsite Deposits
Balfour East & Damsite Deposits (BCA 100%) 32 Mt @ 11.9% Mn for 3.9 Mt of contained Mn Balfour East Mineral Resource model and coloured by Mn grade (%) For personal use only Balfour East Oblique Section 7 Mt @ 12.1% Mn for 0.9 Mt of contained Mn Damsite Mineral Resource model and coloured by Mn grad
Slide 14: Pickering Discovery
Pickering Discovery (BCA 100%) Exploration Target Potential Drill results confirm the Pickering manganese discovery has a For personal use only cross strike width of between 300 to 500m and a drilled strike extent of at least 2,000m. The mineralised shale extends 10m to 48m downhole with a high
Slide 15: Flanagan Bore Scoping Study Results
Flanagan Bore Scoping Study Results (Aug 2022, BCA 75%) Key Financial and Project Metrics NPV8 (before tax, real) A$134 million For personal use only IRR (before tax) 67% 36.1Mt @ 11.7% Production Targets (LOM) Mn Initial Mine Life @ 1.8Mtpa 20 Years Annual Mn concentrate production 500kt Project Ca
Slide 16: Transport and Logistics
Transport and Logistics Port Hedland Utah Point Multi-User berth – has 28Mtpa capacity with three multi-user berths potentially available for BCA. For personal use only The projects within the Balfour Manganese Field are located approx. 600km from Port Hedland requiring 13 to 15 - 120t capacity
Slide 17: Positive Metallurgical Studies
Positive Metallurgical Studies Crushing and Washing Testwork Significant manganese grade uplifts from feed grades of 11% and 15% For personal use only Mn upgraded to approximately 23% and 24% Mn through scrubbing and washing - an important first step for beneficiation. Pre-Feasibility Level Heavy
Slide 18: Forward Execution Plan
Forward Execution Plan Exploration and Pre-Development For personal use only Discover global scale Mineral Resources Assess development pathway through feasibility and testwork Team development and project implementation plan Ensure social license to operate through environmental approvals,
Slide 19: BCA Investment Summary
BCA Investment Summary Manganese is essential to the steel industry and a critical battery mineral, with strong growth forecast. For personal use only Clear strategy to add value & grow the Company through discovery, development & downstream processing. Significant exploration programs completed in
Slide 20: Brendan Cummins, Executive Director
For personal use only Brendan Cummins Executive Director 0400 799 756 brendan.cummins@blackcanyon.com.au ASX:BCA BLACKCANYON.COM.AU
Slide 21: Balfour Manganese Field Mineral Resource Estimates
Balfour Manganese Field Mineral Resource Estimates Summary of Mineral Resources > 7% cut-off grade (1-3) Summary of Mineral Resources (1-5) Mineral Mineral In Situ Material In Situ Mn Mn Fe Si Al Material Mn Fe Si Al Deposit Resource Deposit Resource Mn For personal use only Category (Mt) (Mt) (%) (
Slide 22: Wandanya
Wandanya (BCA 100%) High-grade potential Discovery Reconnaissance sampling over the Wandanya (E46/1407) tenement (BCA 100%) delivered high-grade surface rock chip samples up to 54% manganese. For personal use only Two samples taken 100m apart (across strike) returned 52.9% and 54.3% Mn from an o
Slide 23: ESG – Partnered With SocialSuite
ESG – Partnered With SocialSuite Highlights and achievments Partnered with Socialsuite to commence ESG reporting against the World For personal use only Economic Forum (WEF) Stakeholder Capitalism Framework Commenced wider community engagement - Heritage surveys conducted on site prior to drilli
Slide 24: Australian Manganese Resources and Status
Australian Manganese Resources and Status Tonnes Grade Contained Deposit (status) Company (Mt) Mn (%) Mn (Mt) Groote Eylandt (operation) South 32 127 43.6 55.4 Balfour Mn Field (development) Black Canyon 314 10.5 33.0 For personal use only Butcher Bird (operation) Element 25 263 9.9 26.1 Oakover (de