Bougainville Copper Limited · ASX:BOC
Bougainville Copper — Shareholder Meeting (May 2019)
13 slides from Bougainville Copper's shareholder meeting presentation, May 2019
Slide 1: Annual General Meeting
Annual General Meeting
Slide 2: Slide 2
Slide 3: Overview
Overview Judicial Review of EL1 process remains ongoing ABG introduces three bills that significantly change Bougainville Mining Laws Bills encounter strong opposition RTG Mining Inc. proposal rejected BCL retains strong levels of support Presents the best value development proposition Review
Slide 4: Supporting Bougainville
Supporting Bougainville BCL remains committed to ethical engagement Progressed community investment program in 2018 Supporting projects in education, health & sport Established new office in Arawa Fully respects peace process
Slide 5: Financial Results
Financial Results Year Ended December 31, 2018 • Consolidated loss of K10.6 million • Income K4.8m – (includes dividends & interest) • Operating expenses K15.3m – (2017: K14.8m) • Company remains debt free • BCL will not pay a dividend
Slide 6: Liquid & Total Assets
Liquid & Total Assets Investments K108.7m(Australian listed equities) o Non current K98.7 m o Current K10.0m Cash and equivalents K1.1m Total consolidated assets K112.63m
Slide 7: Project Tenure (EL1)
Project Tenure (EL1) • BCL granted leave for Judicial Review in PNG National Court • Review process remains ongoing • Company appealing the joinder by Panguna Minerals Limited • Panguna moratorium remains in place (does not apply to BCL as EL1 renewal application pre-dated reservation )
Slide 8: Community Engagement
Community Engagement BCL supported a range of community activities, including: o Standards-based teacher training o Vanilla industry production training o Training for volleyball coaches and referees The Company also backed events such as: o Bougainville Day o The Bougainville Chocolate Festival o N
Slide 9: The Board
The Board The composition of the BCL board has remained unchanged since the last AGM Actively pursuing additional Bougainvillean appointments Board members at the 2017 Annual General Meeting
Slide 10: Bougainville Copper Foundation
Bougainville Copper Foundation Since 1997 the BCF has supported more than 1,000 students Scholarships renewed for 2018 recipients to support their continued studies in 2019 BCF has deferred awarding new scholarships in 2019 until situation with mining laws becomes clearer
Slide 11: Governance
Governance • ASX compliance statement in Annual Report • Company charters and policies can be found on web site • Board reviews quality of risk assessments and mitigation actions • BCL adheres to the highest ethical standards Health and Safety • Workplace safety essential to success and sustainabili
Slide 12: Conclusion & Looking Ahead
Conclusion & Looking Ahead Looking ahead with cautious optimism Continue to progress studies and activities Committed to promoting unity and contributing positively to Bougainville’s future Continue to act in best interests of shareholders Updates about BCL are reported to the ASX and can be fou
Slide 13: Questions
Questions 2019