Bathurst Resources Ltd · ASX:BRL
Bathurst Resources — Investor Presentation (November 2013)
26 slides from Bathurst Resources's investor presentation, Nov 27, 2013
Slide 1: Investor Presentation November 2013
For personal use only INVESTOR PRESENTATION November 2013 Investor Presentation | April 2013 | 1
Slide 2: Important Notice
IMPORTANT NOTICE For personal use only This presentation has been prepared by and issued by Bathurst Resources (New Zealand) Limited (“Bathurst”) to assist it in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or
Slide 3: Capital Structure Overview
CAPITAL STRUCTURE OVERVIEW For personal use only Capital Structure as of 25 November 2013 Substantial Holders Ticker (ASX / NZX) BRL Coupland Cardiff 13.3% Shares on issue 821.5m L1 Capital 12.7% Options & performance rights on issue 41.8m Related Parties 2% Market capitalisation(1) $222m Cash & sho
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only ♦ Flagship asset, over 6.3 Mt* of resources of high quality metallurgical coking coal 1. Near-Term Metallurgical ♦ Final Environment Court consent granted Coal Production ♦ First production from Escarpment - March quarter 2014 at competitive operating cost
Slide 5: Investment Highlights (cont'd)
INVESTMENT HIGHLIGHTS (cont’d) For personal use only ♦ High ranking, high fluidity hard coking coal 4. High Quality ♦ Suitable blend with other lesser quality coals to deliver superior coking qualities Coal ♦ Not easily replaced by other sources of coal globally 5. Multiple ♦ Low marginal cost of de
Slide 6: Bathurst Targeted Production
BATHURST TARGETED PRODUCTION* For personal use only 3,500 3,000 2 million tonnes 2,500 1,170 Coal Sales (kt) 2,000 1 million tonnes 690 1,500 900 1,000 750 540 540 500 180 608 800 489 594 378 0 FY14 FY15 FY16 FY17 FY18 Domestic Export Operations - Escarpment Export Operations - Other * Based on Bath
Slide 7: Escarpment Development Update
ESCARPMENT DEVELOPMENT UPDATE For personal use only ♦ All court appeals resolved, ready to begin production at Escarpment Dec 2013 ♦ Operating / management plans to be certified by relevant authorities ♦ Certification process ♦ Estimated 8-12 week timeframe ♦ Completion targeted for January 2014 ♦ W
Slide 8: Escarpment Development Plan (cont'd)
ESCARPMENT DEVELOPMENT PLAN (CONT’D) For personal use only ♦ Development phase 1: Green light on ♦ Relatively short development phase Escarpment ♦ Low CAPEX entry for project commencement ♦ Establish site facilities ♦ Construct surface water dam – first coal 2: Site preparation: 1-2* haul road compl
Slide 9: Escarpment Capital Requirements
ESCARPMENT CAPITAL REQUIREMENTS For personal use only ♦ With resource consents granted, Bathurst is currently assessing funding requirements (if any) to optimise development of Escarpment Pre-Production Funding Requirements Value (NZ$ M)* Bonding NZ$6 M Working Capital NZ$10 M Total Funding Requirem
Slide 10: Expanded Export Capital Requirements
EXPANDED EXPORT CAPITAL REQUIREMENTS For personal use only ♦ Bathurst is also focusing on its long term funding solutions to achieve 1 Mtpa of production from Escarpment and the broader West Coast footprint Funding Requirements to Achieve 1 Mtpa of Production Value (NZ$ M)* Waste Water Treatment Pla
Slide 11: South Buller Mining Sequence
SOUTH BULLER MINING SEQUENCE For personal use only ♦ Escarpment represents the first 4.9Mt of 34.4Mt of ROM reserves across the South Buller project* ♦ Whareatea West and Coalbrookdale are natural extensions of Escarpment * Refer Appendices for detail on reserves and resources & Competent Persons’ S
Slide 12: Export Operations: Escarpment
EXPORT OPERATIONS: ESCARPMENT For personal use only ♦ Haul road completed, ready to begin production shortly ♦ Quality metallurgical coal for export to international steel markets ♦ Minimal CAPEX to establish mine ♦ Coal to be trucked initially and railed to ports via existing infrastructure Export
Slide 13: Export Operations: West Coast
EXPORT OPERATIONS: WEST COAST For personal use only South & North Buller could add an additional 1.5-2.0Mtpa of coking coal ♦ 25.1Mt* estimated saleable coal reserves and 96.4 Mt* estimated resources ♦ Whareatea West and Coalbrookdale are natural extensions of the Escarpment project with minimal inc
Slide 14: Buller Coal Project
BULLER COAL PROJECT For personal use only Investor Presentation | April 2013 | 14
Slide 15: Domestic Operations
DOMESTIC OPERATIONS Domestic Operations: provide solid revenue platform For personal use only ♦ Domestic Operations comprise coal mines in Southland, Buller (Cascade) and Canterbury ♦ Coal sold direct to local industrial users ♦ Revenue currently independent of global coal prices and FX with majorit
Slide 16: Southland Assets
SOUTHLAND ASSETS For personal use only Investor Presentation | November 2013 | 16 Investor Presentation | April 2013 | 16
Slide 17: Southland
SOUTHLAND For personal use only ♦ Four Permits - Takitimu, Coaldale, Black Diamond, & New Brighton • Currently operating Coaldale block ♦ Open cast mine ♦ 250,000 tonnes per annum** ♦ 2.7M BCM moved in last 12 months • Thermal coal ♦ Key Customer dairy industry at 150,000 + • Contractor operation –
Slide 18: Canterbury Coal
CANTERBURY COAL For personal use only Important presence in Canterbury market ♦ Resource of 3.3Mt* ♦ Freight advantage for supply to the Canterbury market ♦ Synlait - state of the art emission control technology ♦ Mine located in pasture land – no significant environment impacts ♦ Rehabilitation to
Slide 19: Appendices
For personal use only APPENDICES Investor Presentation | April 2013 | 19
Slide 20: A.1 Resource Estimates
A.1 RESOURCE ESTIMATES Area Measured Resource (Mt) Indicated Resources (Mt) Inferred Resources (Mt) Total Resources (Mt) For personal use only Escarpment 3.1 2.2 1.0 6.3 Cascade 0.7 0.6 0.3 1.6 Deep Creek 6.2 3.1 1.6 10.9 Coalbrookdale - 3.4 5.1 8.5 Whareatea West 7.7 10.7 4.7 23.1 South Buller Tota
Slide 21: A.2 Average Coal Quality Measured
A.2 AVERAGE COAL QUALITY MEASURED For personal use only Measured Fixed Volatile Sulphur % Calorific Inherent IN SITU Area resource Ash% (ad) CSN Carbon % Matter % (ad) Value (ad) Moisture Moisture (Mt) (ad) (ad) Escarpment 3.1 18.4 0.6 28.9 7.2 49.1 33.0 0.8 5.8 Cascade 0.7 15.1 1.6 31.9 4.6 52.7 39
Slide 22: A.3 Average Coal Quality - Indicated
A.3 AVERAGE COAL QUALITY - INDICATED For personal use only Indicated Fixed Volatile Sulphur % Calorific Inherent IN SITU Area resource Ash% (ad) CSN Carbon % Matter % (ad) Value (ad) Moisture Moisture (Mt) (ad) (ad) Escarpment 2.2 14.0 0.8 29.7 7 50.6 34.4 1.1 5.3 Cascade 0.6 15.3 1.8 30.6 4 49.6 38
Slide 23: A.4 Average Coal Quality - Inferred
A.4 AVERAGE COAL QUALITY - INFERRED For personal use only Inferred Fixed Volatile Sulphur % Calorific Inherent IN SITU Area resource Ash% (ad) CSN Carbon % Matter % (ad) Value (ad) Moisture Moisture (Mt) (ad) (ad) Escarpment 1.0 13.1 1.0 29.8 7 50.7 35.0 1.2 5.8 Cascade 0.3 18.7 2.1 25.6 3 42.5 34.2
Slide 24: A.5 Reserves
A.5 RESERVES ROM COAL For personal use only Area Proved reserves (Mt) Probable reserves (Mt) Total reserves (Mt) Escarpment 3.0 1.9 4.9 Cascade 0.2 0.2 0.4 Deep Creek 5.8 2.7 8.5 Coalbrookdale - 2.2 2.2 Whareatea West 7.9 10.5 18.4 Total 16.9 17.5 34.4 PRODUCT COAL Area Proved reserves (Mt) Probable
Slide 25: A.6 Reserves Coal Quality
A.6 RESERVES COAL QUALITY ROM COAL For personal use only Sulphur (% Area Total (Mt) Total moisture Ash (% arb) VM (% arb) CSN arb) Escarpment 4.9 5.4 21.4 0.7 34.0 6.5 Cascade 0.4 8.0 9.9 1.4 31.4 3.5 Deep Creek 8.5 5.8 11.7 2.6 - - Coalbrookdale 2.2 4.9 21.8 1.3 32.6 4.0 Whareatea West 18.4 6.0 31.
Slide 26: Competent Person Statements
COMPETENT PERSON STATEMENTS For personal use only • The information in this presentation that relates to mineral resources and reserves for Deep Creek is based on information compiled by Adam Bonham-Carter a Competent Person who is a full time employee of Golder Associates (NZ) Limited and is a memb
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