Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Mines & Money Conference Hong Kong 2015
20 slides from Bci Minerals's conference presentation, Mar 24, 2015
Slide 1: Presentation on BC Iron Ltd (ASX:BCI)
24 March 2015 For personal use only The Manager Company Announcements Office Australian Securities Exchange Dear Sir/Madam, PRESENTATION ON BC IRON LTD (ASX:BCI) Following is a presentation on BC Iron Limited which will be given by Managing Director Morgan Ball at the Mines & Money Conference in Hon
Slide 2: Mines and Money Presentation
For personal use only Mines and Money Presentation Morgan Ball – Managing Director ASX:BCI 24 Mar ‘15
Slide 3: Disclaimer
DISCLAIMER For personal use only This document has been prepared by BC Iron Limited (“BC Iron”) to provide an update regarding the companies to investors. Past performance Past performance information given in this document is given for illustrative purposes only and should not be relied upon as (an
Slide 4: Attractive Investment Proposition
ATTRACTIVE INVESTMENT PROPOSITION For personal use only Cost focus: Achieving success in reducing operating costs At target production: NJV operating at 6Mtpa run-rate and Iron Valley operating at initial 4-6Mtpa run-rate Quality product: ‘Bonnie Fines’ a highly sought-after DSO sinter feed an
Slide 5: Corporate Overview
CORPORATE OVERVIEW For personal use only Capital Structure Share Price vs Iron Ore Price 6.00 250 Ordinary Shares 196.2m Iron Ore Price (US$/t) 5.00 Share Price (at 16-Mar-15) $0.39 200 Share Price (A$) 4.00 Market Capitalisation $77m 150 Cash (at 31-Dec-14) $110m 3.00 100 Debt (at 31-Dec-14) $43m 2
Slide 6: BC Iron Key Assets
BC IRON KEY ASSETS For personal use only Cape Preston East Port Tenure 20 year lease Maitland River Status Updating feasibility study Capacity 20Mtpa Nullagine JV Ownership 75% Mardie Status Operating Production Rate 6Mtpa Buckland Project Reserves1,2 29Mt @ 56.5% Fe Resources1,2 97Mt @ 52.9% Fe Bun
Slide 7: BC Iron Reserves / Resources
BC IRON RESERVES / RESOURCES For personal use only Reserves (Equity Basis)1 Tonnes Fe CaFe SiO2 Al2O3 P LOI Project (Mt) (%) (%) (%) (%) (%) (%) Nullagine2 21.6 56.5 64.1 3.2 2.2 0.02 12.0 Buckland 134.3 57.6 62.6 6.5 2.4 0.15 8.0 Iron Valley 134.7 58.5 63.0 4.9 3.2 0.17 7.2 Total 290.6 57.9 62.9 5.
Slide 8: NJV – Overview
NJV – OVERVIEW For personal use only A producing mine with access to world-class infrastructure. Located ~55km north of FMG’s Christmas Creek Unincorporated joint venture – 75% BCI, 25% FMG BC Iron is the manager of the NJV FMG provides rail & port and marketing services Capacity to export
Slide 9: NJV – Operations
NJV – OPERATIONS For personal use only Contract mining utilising Vermeer and Wirtgen surface miners Mine plan has four areas – currently mining at Outcamp and Warrigal Mining Mine life of ~5 years, with average remaining LOM strip ratio of 1.5:1 Processing Dry crushing & screening process
Slide 10: NJV – Cost Reductions
NJV – COST REDUCTIONS For personal use only Targeting a 15-25% reduction in Nullagine mine site costs1 during 2H CY14 and CY15. Sustainable cost savings of $2-3/wmt achieved in 2H CY14 through: Termination of a higher cost haulage contracts and prudent management of Achieved remaining contractor
Slide 11: Iron Valley – Overview
IRON VALLEY – OVERVIEW For personal use only Operating mine that is generating cash flows via iron ore sale agreement with MIN. Iron ore sale agreement with Mineral Resources Limited (MIN) BC Iron retains tenement ownership and statutory obligations (incl. government royalties) MIN operates th
Slide 12: Buckland – Overview
BUCKLAND – OVERVIEW For personal use only Development project with an independent infrastructure solution. Wholly owned project located in the West Pilbara region Ore Reserve of 134.3 Mt at 57.6% Fe1 and Mineral Resource of 283.2 Mt at 56.5% Fe1 Feasibility study completed by IOH in June 2014
Slide 13: Buckland – Strategy
BUCKLAND – STRATEGY For personal use only Consider all mine / infrastructure / financing options and determine the optimal development and financing path for Buckland. Mine development options Develop mine as per feasibility study (i.e. 8Mtpa operation) Smaller scale, lower capital start-up oper
Slide 14: BC Iron Outlook Recap
BC IRON OUTLOOK RECAP For personal use only Operating at 6Mtpa run-rate FY15 sales guidance of 5.2-5.6M wmt (100% basis) NJV C1 cash costs of $47-51/wmt (FOB) for the Dec-14 to Jun-15 period Further sustainable cost reductions targeted – at least $2-3/wmt in 2015 Currently being operated b
Slide 15: Appendices
For personal use only APPENDICES 14
Slide 16: NJV Reserves & Resources
NJV RESERVES & RESOURCES For personal use only CID Mineral Resource at 31 December 2014 (BC Iron 75%, FMG 25%) Classification Mt Fe% CaFe% Al2O3% SiO2% P% S% LOI Measured 14.8 53.6 61.2 3.9 4.5 0.014 0.012 12.4 Indicated 34.6 54.1 61.6 3.2 4.4 0.018 0.012 12.1 Inferred 48.0 51.9 58.6 5.5 6.7 0.023 0
Slide 17: Buckland and Iron Valley Reserves
BUCKLAND AND IRON VALLEY RESERVES For personal use only Buckland Project Ore Reserve at 30 June 2014 JORC Cut-off TonnesB Fe CaFe SiO2 Al203 P LOI Project Deposit Ore Reserve (% Fe) (Mt) (%) (%) (%) (%) (%) (%) Proved 23.2 58.3 62.9 5.8 2.9 0.15 7.4 Bungaroo South Probable 106.7 57.5 62.6 6.6 2.3 0.
Slide 18: Buckland, Iron Valley and Maitland Resources
BUCKLAND, IRON VALLEY AND MAITLAND RESOURCES For personal use only IOH Projects Total Mineral Resource at 30 June 2014 JORC Cut-off TonnesB Fe CaFe SiO2 Al2O3 P LOI Location Type Project Deposit Class (%Fe) (Mt) (%) (%) (%) (%) (%) (%) Central Indicated 50 216.3 58.4 63.0 5.1 3.1 0.18 7.2 Iron Valle
Slide 19: Important Notices
IMPORTANT NOTICES For personal use only Ore Reserves and Mineral Resources Disclosures The information in this announcement that relates to Mineral Resources and Ore Reserves at the Nullagine Joint Venture is extracted from the ASX announcement entitled NJV Ore Reserves and Mineral Resources dated 2
Slide 20: For personal use only
For personal use only Level 1, 15 Rheola Street West Perth, WA, Australia Phone : +61 8 6311 3400 Email : info@bciron.com.au Website : www.bciron.com.au