Black Rock Mining Limited · ASX:BKT
Black Rock Mining — Investor Presentation (September 2017)
15 slides from Black Rock Mining's investor presentation, Sep 20, 2017
Slide 1: Corporate Update September 2017
C O R P O R AT E U P D AT E S E P T E M B E R DISCIPLINED EXECUTION AND FOCUS 2017 BLACK ROCK MINING (ASX: BKT) BLACKROCKMINING.COM.AU BLACKROCKMINING.COM.AU
Slide 2: Important information
Important information The release, publication or distribution of this presentation in certain jurisdictions The information in this report that relates to Exploration Results and Mineral may be restricted by law and therefore persons in such jurisdictions into which Resource Statements is based on
Slide 3: Focused on developing Mahenge
Focused on developing Mahenge Mahenge Graphite Successfully delivered Project - truly a optimised PFS with disciplined Simple concentrate world-class deposit “crawl walk run” strategy only business model • Lowest quartile FOB costs • Increased NPV10 to US$905m • Investable & fundable of US$378/tonne
Slide 4: Mahenge Graphite Project
Mahenge Graphite Project Ulanzi HIGH-GRADE RESOURCE CAPABLE OF DELIVERING A MULTI-GENERATIONAL MINE WITH Mahenge Graphite SIGNIFICANT SCALE Project Cascades Image showing project location in Tanzania Image showing Ulanzi and Cascades localities. Grid spacing is 500m. Feed profile is Three staged Goo
Slide 5: Key PFS Investment Metrics
Mahenge Graphite Project Optimised PFS KEY PFS INVESTMENT METRICS • NPV10 of US$905m • IRR of 45.1% • EBITDA in first full year of production of US$220m (EBITDA margin of 66%) PEAK CAPITAL INTENSITY VS FINAL RUN RATE SENSITIVITY ANALYST ON BASKET PRICE ASSUMPTION $1,600 $1,383 16% FREE CARRY $1,400
Slide 6: August 2017 Optimised Pre-Feasibility Study
August 2017 Optimised Pre-Feasibility Study • Three stage construction to deliver a maximum of 250k Key parameters of the Mahenge Graphite Project KEY FINANCIAL Unit Single Two Three LOM tonnes per annum of 98.5% graphite concentrate for PARAMETERS Module Module Module 31 years. Stages two and three
Slide 7: August 2017 Optimised Pre-Feasibility Study: Three Phases
August 2017 Optimised Pre-Feasibility Study Match likely Low Production Meaningful scale demand growth Capex in battery market Spheronising, Annual EBITDA of purification and Coating US$220m1 PHASE PHASE PHASE 1 production of 2 production of 3 production of Plant 80ktpa 80ktpa 80ktpa Targeting high
Slide 8: August 2017 Optimised Pre-Feasibility Study
August 2017 Optimised Pre-Feasibility Study ENGINEERING STUDIES • Modular approach results in higher level of final engineering before execution decision is made • Modular approach minimises in-field risk via completion testing and fixed price deliver at factory gate • Assembly vs construction minim
Slide 9: Marketing Development
Marketing Development MOU’S SIGNED WITH REAL INDUSTRY PARTICIPICANTS MEIWA BOTIAN BATTERY TESTING • Part of Mitsubishi group of • Existing spherioniser in Chinese • Long cycle data companies market available to customers to facilitate acceptance • Existing major player in • Creates capacity to deliv
Slide 10: Product Development
Product Development 200 CYCLE TESTING • The evidence from Mahenge graphite’s performance at 200- cycles indicates it strongly outperforms commercially available products, potentially establishing new performance benchmarks of natural graphite in the battery market. • Establishing new industry perfor
Slide 11: Tanzania Centric Operating Model
Tanzania Centric Operating Model BUILD SYSTEMS AND PROCESSES TO UPLIFT LOCAL SKILLS TO A POINT WHERE ASSET CAN BE RUN FROM WITHIN COUNTRY: • Bolt on/off • Lower long term cost base • Increased premium (bolt on/off) • Consistent with legislative reset and credible risk management strategy TANZANIA PE
Slide 12: Tanzania Legislation
Tanzania Legislation In the absence of a formal State Agreement, Black Rock Mining will be Black Rock Management assuming the announced mining believes the Mahenge Graphite framework applies and it will use the Project works under the framework subject to renegotiation of announced new mining a few
Slide 13: Black Rock Mining Summary
Black Rock Mining Summary DEVELOPING THE MAHENGE GRAPHITE MINE The Mahenge Graphite Project has a JORC Compliant Mineral Resource Estimate of 211.9 million tonnes at 7.8% Total Graphitic Carbon (“TGC”) for over 16 million tonnes of contained graphite. INDUSTRY LEADING LOW CAPEX The Company’s optimis
Slide 14: Undemanding market cap for advanced world class project
Undemanding market cap for advanced world class project TRADING METRICS SHARE PRICE (6-MONTHS) ASX Ticker BKT 4 $0.14 Millions Share Price $0.055 3.5 $0.12 Shares on Issue 364.7m 3 Options 47.2m $0.10 Performance Rights 9.4m 2.5 $0.08 Market Capitalisation $20m 2 Cash on hand as at 30 June $4m $0.06
Slide 15: Black Rock Mining (ASX: BKT)
BLACK ROCK MINING (ASX: BKT) BLACKROCKMINING.COM.AU BLACKROCKMINING.COM.AU
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