Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — RIU Resources Conference 2017
19 slides from Bci Minerals's conference presentation, May 8, 2017
Slide 1: Committed to Iron Ore and Developing a Broader Minerals Portfolio
For personal use only Committed to Iron Ore and Developing a Broader Minerals Portfolio RIU Resources Conference – Sydney Alwyn Vorster – Managing Director May 2017 1
Slide 2: Important Notices
Important Notices For personal use only This presentation has been prepared by BC Iron Limited ABN 21 120 646 924 (“BCI”). This document contains background information about BCI current at the date of this presentation. The presentation is in summary form, has not been independently verified and do
Slide 3: Highlights
Highlights For personal use only Strong existing iron ore business with complementary assets Stable low-risk earnings from Iron Valley Buckland Project development momentum building Clear strategy to diversify and add exposure to other commodities Solid platform to execute iron ore and div
Slide 4: Corporate and Financial Overview
Corporate and Financial Overview Capital Structure (5-May-17, unless stated) Earnings History For personal use only Ordinary Shares 392.5m 10 5 Share Price $0.135 Earnings ($M) - Market Capitalisation $53.0m (5) Cash (31-Mar-17) $32.9m (10) Deferred Royalties (31-Mar-17) $2.6m (15) Enterprise Value
Slide 5: Asset Portfolio Targets
Asset Portfolio Targets Diversifying the asset portfolio to broaden commodity exposure For personal use only Iron Ore Agricultural & Industrial Gold / Base Metals Key Asian infrastructure Global food consumption, Political / economic factors Drivers investment population growth and reduction i
Slide 6: Location of Key Projects
Location of Key Projects For personal use only 6
Slide 7: Committed to Iron Ore
For personal use only Committed to Iron Ore Iron Valley Buckland Current Earnings Growth 7
Slide 8: Iron Ore Market
Iron Ore Market For personal use only Iron ore price outperformed Iron Ore Price (US$/dmt CFR 62% Fe) expectations in 2016 and 2017 YTD 100 90 Demand and prices supported by 80 ongoing Chinese infrastructure investment 70 60 Price volatility has been high and 50 trend will likely continue 40
Slide 9: Iron Valley Mine
Iron Valley Mine Royalty-type agreement with Mineral Iron Valley mine For personal use only Resources Limited (MIN) providing low-risk cash flows for BCI Potential mine life of ~15 years @ 8 Mtpa Simple DSO operation and ~50% lump production with a price premium MIN has consistently outperfo
Slide 10: Buckland Project
Buckland Project Buckland is a mine, road and port development For personal use only Proposed Cape Preston East port project in the West Pilbara BCI is the foundation proponent and 20 Mtpa lease holder of the Cape Preston East port development BCI is planning for Cape Preston East to become a
Slide 11: Other Iron Ore Royalties
Other Iron Ore Royalties BCI has a portfolio of iron ore royalties established through the sale of non-core assets For personal use only Project Owner Royalty Status Nullagine Up to 2% FOB revenue On care & maintenance Can be restarted rapidly should Fortescue elect to Koodaideri 2% FOB reve
Slide 12: Developing Agricultural & Industrial Portfolio
For personal use only Developing Agricultural & Industrial Portfolio Carnegie Mardie Sulphate of Potash Salt 12
Slide 13: Carnegie Potash
Carnegie Potash For personal use only BCI’s objective is to become a significant player in the emerging Australian sulphate of potash (SOP) industry SOP is a high quality potassium-containing fertiliser, with attractive long term demand fundamentals linked to: Increasing global population and
Slide 14: Australian SOP Peers
Australian SOP Peers The Carnegie Potash Project can contribute significant value to BCI within 2 years as it For personal use only progresses through the development phases 100 90 80 Agrimin Market Capitalisation ($M) 70 60 Salt Lake Potash Kalium Lakes 50 40 Reward Minerals 30 Australian Potash 20
Slide 15: Mardie Salt
Mardie Salt Located on the Pilbara coast near BCI’s For personal use only proposed Cape Preston East port Site geometry allows natural inflow of seawater Excellent climate conditions for a solar salt evaporation operation Near existing infrastructure (North West Coastal Highway and gas pipel
Slide 16: Building a Diversified Portfolio
Building a Diversified Portfolio BCI is targeting an asset portfolio covering multiple commodities For personal use only and development phases to provide growth and diversification Agricultural & of earnings Industrial Minerals Potential Acquisitions Carnegie Potash JV Gold & Base Metals Potential
Slide 17: Summary
Summary For personal use only Strong cash position and solid Iron Valley earnings underpin growth strategy Committed to current attractive iron ore portfolio, but also diversifying to mitigate commodity risk 2017 priorities: Settle Buckland business case and commence early construction works
Slide 18: Board and Key Management Personnel
Board and Key Management Personnel Brian O’Donnell Jennifer Bloom Simon Hodge For personal use only Non-Executive Chairman Non-Executive Director Chief Financial Officer Director, Finance and Extensive business 25 yrs’ experience in various Investments for Australian background with experience
Slide 19: For personal use only
For personal use only Iron Valley Bungaroo South (Buckland) Level 1, 15 Rheola Street Cape Preston East (Buckland) West Perth, WA, Australia Phone : +61 8 6311 3400 Email : info@bciron.com.au Web : www.bciron.com.au 19