Bmc Minerals Ltd · ASX:BMC
Bmc Minerals — Investor Presentation (November 2026)
22 slides from Bmc Minerals's investor presentation, Nov 2, 2026
Slide 1: BMC Minerals Updated 2026 Feasibility Study
BMC Minerals Updated 2026 Feasibility Study Kudz Ze Kayah Mine Project, Yukon November 2026 Ag Zn Au Cu Pb
Slide 2: Important Information
IMPORTANT INFORMATION Purpose of presentation: This presentation has been prepared by BMC Minerals Ltd. (“BMC” or the “Company”) for information purposes only. This presentation has been provided to you solely on the basis that you (“Recipient”) agree in favour of BMC, their respective related bodie
Slide 3: Important Information
IMPORTANT INFORMATION Non-IFRS Terms: Non-IFRS Measures: This presentation uses certain financial measures that are not recognised under International Financial Reporting Standards (IFRS), including C1 cash cost, all-in sustaining cost (AISC), EBITDA, free cash flow and pre-tax cash flow, to assess
Slide 4: Metal Equivalent Calculations
METAL EQUIVALENT CALCULATIONS To assist in comprehension of the significance of the concentrate production from the KZK Mine Project, the Company considers that expressing Mineral Resources, Ore Reserves and production in terms of a single metal equivalent may be of assistance. The basis for the sel
Slide 5: Top 25 Global Silver Producer
TOP 25 GLOBAL SILVER PRODUCER KZK has the potential to rank among the top 25 global silver producers once in operation5, with high margins KZK is one of the world's leading Short payback period undeveloped polymetallic assets5 Before-tax IRR of 65.7% and after-tax Updated 2026 Feasibility Study IRR
Slide 6: Leading Canadian Silver Polymetallic Project
LEADING CANADIAN SILVER POLYMETALLIC PROJECT Once in operation, KZK is expected to be Canada’s largest silver and zinc producer and a top 15 Canadian copper producer5 Annual Reserve Ag Metal production1 grade3 Silver equivalent metrics1,2 Initial reserve life Probable Ore Reserve3 Ag 7.9Moz 138g/t P
Slide 7: Production Profile
PRODUCTION PROFILE Average annual production of ~22M AgEq oz1,2,3 Ore processed4 - Open Pit - Underground 2.2Mt 2.1Mt 2.1Mt 2.2Mt High-grade feed 2.0Mt 1.9Mt 1.6Mt 1.6Mt Average feed grade of 323 g/t AgEq2,3 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Annual production – AgEq2,3 23.0Moz
Slide 8: Mining Overview
MINING OVERVIEW Simple, open pit mining and high-grade massive sulfide Probable Ore Reserve Majority of mining via open pit - 14Mt of ore (89% of Probable Ore Reserves) mined via open pit and 1.7Mt of ore (11% of Probable Ore Reserves) extracted via underground mining KRAKATOA ZONE ABM ZONE OPEN P
Slide 9: Processing Overview
PROCESSING OVERVIEW A conventional flowsheet demonstrated by feasibility-level metallurgical testwork with flexible concentrate logistics Processing and logistics summary Concentrate production LOM recoveries and Ag g/t Au g/t Cu % Zn % Pb % concentrate grades 2.0Mtpa; producing ~200ktpa1 of zinc c
Slide 10: Capital Cost Overview
CAPITAL COST OVERVIEW Capital cost estimates updated to reflect a June 2026 cost base for the KZK Project Pre-production Capital (US$M)1 2023 Project Economics1 Updated 2026 Feasibility Study Summary of major changes since prior study1 Mining 51 52 Process plant 190 232 Infrastructure Increased co
Slide 11: Operating Cost Overview
OPERATING COST OVERVIEW Operating cost estimates updated to reflect a June 2026 cost base for the KZK Project Updated 2026 Feasibility 2023 Project Economics3 Summary of major operating cost Category (US$/t ore processed) Study changes since prior study3 (US$/t ore processed) Open pit mining $33.60
Slide 12: Financial Metrics
FINANCIAL METRICS After-tax free cash flows of ~US$392M per annum (during operations) After-tax free cash flow US$497M US$404M US$380M US$387M US$387M US$405M US$330M US$350M ~1.4 years Payback period Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 C1 Cash Costs and AISC (per oz AgEq1) US$21
Slide 13: Water Management
WATER MANAGEMENT BMC’s commitment to its First Nation partners includes responsible water management The water management plan involves collecting, treating and controlling site runoff from disturbed areas This is to ensure maximum recycling of mining and process water and control of water quali
Slide 14: Key Value Drivers at KZK
KEY VALUE DRIVERS AT KZK Strategic initiatives and priority workstreams for the next 12–18 months Exploration Engineering Permitting Construction financing ~30,000m planned 2026/27 drilling Additional technical studies Permitting and approvals program, with over 18,000 m now targeted for 2027 to und
Slide 15: Top Global Silver Producer
TOP 25 GLOBAL SILVER PRODUCER KZK has the potential to rank among the top 25 global silver producers once in operation3, with high margins ANNUAL PRODUCTION1,2 LIFE OF MINE GRADE2 INITIAL PROJECT LIFE AVG. ANNUAL POST-TAX ~22Moz AgEq 323g/t AgEq ~9 years CASHFLOW5 US$392M PRE-TAX PROJECT NPV5% POST-
Slide 16: NI 43-101 Disclosure
NI 43-101 DISCLOSURE Qualified persons The scientific and technical information in this presentation relating to the Kudz Ze Kayah Mine Project has been reviewed and approved by Dr Neil Martin, PhD, MAIG, Senior Vice President Exploration & Development of BMC, who is a qualified person for the purpo
Slide 17: JORC Disclosure
JORC DISCLOSURE JORC Disclosure Mineral Resources, Ore Reserves, Production Targets and Forecast Financial Information: The information in this presentation which relates to estimates of Mineral Resources, Ore Reserves, Production Targets and Forecast Financial Information derived from a Production
Slide 18: Appendix
Bc MINERALS APPENDIX
Slide 19: Offtake Agreements
OFFTAKE AGREEMENTS Long-term offtake agreements in place with globally recognized partners Flexible concentrate offtake Pricing mechanism driven by Ensures future demand and Leveraged to any upside terms during early spot prices de-risks initial operations in commodity pricing commissioning Majority
Slide 20: Ore Reserves and Mineral Resources
ORE RESERVES AND MINERAL RESOURCES Tonnes Ag Au Zn Cu Pb AgEq1 Ore Reserves Classification Mt g/t g/t % % % g/t ABM Zone Probable 13.4 131 1.3 5.9 0.9 1.5 321 Krakatoa Zone Probable 0.6 246 1.9 6.3 0.4 3.1 441 Total Open Pit Probable 14.0 136 1.3 5.9 0.9 1.6 326 Krakatoa Underground Probable 1.7 147
Slide 21: Processing Flowsheet
PROCESSING FLOWSHEET B@c MINERALS
Slide 22: Sensitivity Analysis
SENSITIVITY ANALYSIS After Tax NPV (US$M) 1,500 1,600 1,700 1,800 1,900 Exchange rate (US$/C$) (+/- 10%) Silver (Ag) grade (+/- 10%) Silver (Ag) price (+/- 10%) Opex (+/- 10%) Zinc (Zn) price (+/- 10%) Gold (Au) grade (+/- 10%) Gold (Au) price (+/- 10%) Capex (+/- 10%) Zinc (Zn) grade (+/- 10%) Copp