Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Shareholder Meeting (November 2010)
26 slides from Bci Minerals's shareholder meeting presentation, Nov 19, 2010
Slide 1: BC Iron Limited 2010 Annual General Meeting
BC IRON LIMITED 2010 Annual General Meeting For personal use only November 2010 Mike Young - MD
Slide 2: A Unique Junior Iron Ore Company
For personal use only A UNIQUE JUNIOR IRON ORE COMPANY Points of difference: Production & revenue imminent Mining has commenced First ore on train in Dec 2010 – on ship in Jan 2011 Start up at 3Mtpa moving to 5Mtpa 1Mt shipped by 30 June 2011 Infrastructure secured – rail and port alloca
Slide 3: History of BC Iron
For personal use only HISTORY OF BC IRON Staying Focused Dec 2006 BC Iron lists on Australian Securities Exchange 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 raising A$22
Slide 4: 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 5: 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 6: 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) Mi
Slide 7: Nullagine Iron Ore Joint Venture
For personal use only NULLAGINE IRON ORE PROJECT Nullagine Iron Ore Joint Venture Joint Venture with FMG (50:50) Detailed JV Agreement executed in November 2011 replacing binding Heads Bonnie Creek of Agreement BC Iron Nullagine (BCIN) is the Manager Shaw River of the Project BCIN contracts
Slide 8: 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 9: 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 3Mtpa to 5Mtpa when FMG expands its Chichester 4 Millions Hub – expected by 2H 2012 3 2 TPA 20Mt committed to Henghou Industries (HK) Limited 1 0 West Australian CID Jun
Slide 10: Nullagine JV – Project Schedule
For personal use only NULLAGINE IRON ORE PROJECT Nullagine Iron Ore Joint Venture – Project Schedule Construction & mining schedule as of November 19 2010 Schedule is general in nature and changes may occur 10
Slide 11: 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 12: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Comparative size of Power Trans rig versus Boeing 747-400 with four intact engines. 88 t 108 t 77 t 88 t 68 m
Slide 13: 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 14: Outcamp
For personal use only NULLAGINE JV – OUTCAMP Outcamp mesa looking southwest. Initial mining started in the foreground.
Slide 15: 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 16: 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 17: 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, stakeholders) Commodity and geography Realistic targeting of sufficient quantity, quality and technical & commercial thresholds Active
Slide 18: BC Iron Limited – Focus and Delivery
For personal use only BC IRON LIMITED Focus and delivery: Discovery 2007 Producer 2011 Discovery 2007 Feasibility 2009 Feasibility 2009 Producer 2011 18
Slide 19: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Project stockpile at Outcamp, looking south along haul road corridor
Slide 20: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Graders clearing on haul road alignment.
Slide 21: 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 22: Mine to Mill
For personal use only NULLAGINE JV – MINE TO MILL Aerial views of Stage 1 haul road alignment clearings.
Slide 23: 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 24: 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 25: 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 26: 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 as of the time of the release of this document. Forward-looking statements are necessarily subj