Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Shareholder Meeting (November 2016)
16 slides from Bci Minerals's shareholder meeting presentation, Nov 25, 2016
Slide 1: Annual General Meeting
For personal use only Annual General Meeting Alwyn Vorster – Managing Director 25 November 2016 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 (“BC Iron”). This document contains background information about BC Iron current at the date of this presentation. The presentation is in summary form, has not been independently verifie
Slide 3: Iron Ore Market
Iron Ore Market For personal use only Persistent price decline during 2015 CFR 62% Fe Iron Ore Price (US$/dmt) Low of US$38/dmt in Dec-15 90 Lowest price in the ~8 year 80 history of spot price indices 70 Prices in 2H FY16 outperformed 60 expectations Chinese stimulus having 50 positive im
Slide 4: Financial Year 2016 – BCI Key Themes
Financial Year 2016 – BCI Key Themes For personal use only Revenue of A$151M FY16 Net loss after tax of A$80M and underlying net loss after tax of A$9M Financial Result At 30 June: Cash of A$9.5M and debt and royalty obligations of A$8.4M Nullagine suspended to protect balance sheet (Dec-15)
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure (24-Nov-16, unless stated) Board Ordinary Shares 392.5m Tony Kiernan Non-Executive Chairman Share Price $0.175 Alwyn Vorster Managing Director Market Capitalisation $68.7m Martin Bryant Non-Executive Director Cash (30-Sep-16, adjusted1) $31.
Slide 6: BCI 2016/17 Strategy Map
BCI 2016/17 Strategy Map Generate value from multiple assets as a disciplined minerals portfolio manager For personal use only Strategy and internal restructure Reset BC Iron Nullagine litigation & disputes settled A$25.5M raised via entitlement offer Maximise value Target new of existing as
Slide 7: Entitlement Offer
Entitlement Offer For personal use only Successfully completed $25.5M entitlement offer 74% take-up by existing shareholders indicates support for BCI’s direction and strategy Patersons Securities and Foster Stockbroking underwriting support, with significant sub-underwriting from Wroxby Pty L
Slide 8: Location of Key Assets
Location of Key Assets For personal use only 8
Slide 9: Iron Valley Overview
Iron Valley Overview Low-risk BCI earnings from operating mine For personal use only Royalty-type agreement with Mineral Resources Limited (MIN) providing low-risk cash flows for BCI Simple DSO operation and ~50% lump production with a price premium Operational / financial targets consistently
Slide 10: Nullagine Overview
Nullagine Overview 75% Nullagine interest sold to FMG for an ongoing royalty For personal use only Binding term sheet to sell BCI’s 75% interest in Nullagine and associated assets to FMG Completion of the sale will eliminate BCI holding costs and existing liabilities (incl. rehabilitation) BCI
Slide 11: Buckland Mine-to-Port Project
Buckland Mine-to-Port Project Strategic 100% owned mine and port infrastructure project For personal use only Proposed 10-20 Mtpa mine at Bungaroo South, private haul road linking the mine with proposed transhipment port at Cape Preston East All primary permits and approvals secured for mine, ro
Slide 12: Cape Preston East Port Overview
Cape Preston East Port Overview Cape Preston East (CPE) can become a strategic, low capital cost transhipment port For personal use only BCI holds port lease agreements with the Pilbara Ports Authority (“PPA”) Right to construct and operate onshore & marine facilities of 20Mtpa for an initial te
Slide 13: BCI – Other Royalties and Exploration Tenements
BCI – Other Royalties and Exploration Tenements For personal use only Royalties & Free-carried Interests (in addition to Iron Valley & Nullagine) Maitland River Black Hill (magnetite) (base metals & gold) Koodaideri South (Rio Tinto) – Mardie (salt) 2% FOB royalty Marble Bar (base metals & gold) V
Slide 14: Assets Across all Phases of Development
Assets Across all Phases of Development Pipeline BCI is differentiated from most other small cap companies For personal use only Feasibility / Exploration Construction Operation Development Pilbara Tenements • Gold / base metals Buckland Iron Valley Mine-to-Port • Iron ore Project • Salt 3 x Iron Or
Slide 15: Summary
Summary For personal use only Unique pipeline of operating assets, royalties, development projects and exploration targets Clear strategy to become disciplined manager of diversified portfolio of mineral interests – existing and new assets Strong balance sheet with only a portion of cash to be
Slide 16: For personal use only
For personal use only Iron Valley Nullagine Level 1, 15 Rheola Street West Perth, WA, Australia Phone : +61 8 6311 3400 Email : info@bciron.com.au Web : www.bciron.com.au Bungaroo South (Buckland) 16