Bci Minerals Ltd · ASX:BCI
Bci Minerals — Shareholder Meeting (November 2017)
21 slides from Bci Minerals's shareholder meeting presentation, Nov 23, 2017
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 23 November 2017 Alwyn Vorster – Managing Director 1
Slide 2: BCI Presents an Attractive Value Proposition
BCI Presents an Attractive Value Proposition For personal use only 1. Positive 12-month progress building a diversified portfolio of assets ▪ Improving position in iron ore – Iron Valley and Buckland ▪ Becoming a serious player in agric / industrial minerals – Mardie Salt and Carnegie Potash ▪ Creat
Slide 3: Corporate and Financial Information
Corporate and Financial Information Capital Structure (20-Nov-17, unless stated) Return to Profit For personal use only Ordinary Shares 395.0M FY17 ($M) FY16 ($M) Share Price $0.145 Revenue 64.3 151.3 Market Capitalisation $57.3M EBITDA 8.3 (7.6) NPAT 5.7 (82.7) Cash (30-Sep-17) $23.6M Debt (30-Sep-
Slide 4: BCI Business Model
BCI Business Model BCI’s business model is to find, add value, de-risk and then monetise (e.g. JV or sale) For personal use only Recycle earnings into new assets and/or return to shareholders Production & Earnings Acquire Secure partner Add value Add value to co-fund Earn-in Secure through through M
Slide 5: Focussed Diversification Strategy
Focussed Diversification Strategy Building and progressing a tightly focussed portfolio of assets in commodities which offer For personal use only meaningful diversification Iron Ore Agricultural & Industrial Gold & Base Metals Key ➢ Asian infrastructure ➢ Salt: numerous industrial ➢ Gold: political
Slide 6: BCI Current Projects
BCI Current Projects For personal use only 6
Slide 7: Optimise Iron Ore Portfolio
For personal use only Optimise Iron Ore Portfolio Iron Valley Buckland (& CPE Port) Current Earnings Growth 7
Slide 8: Cash Flow from Iron Valley Mine
Cash Flow from Iron Valley Mine ➢ Ongoing cash flow from royalty-type agreement For personal use only Iron Valley Operation with Mineral Resources Limited (MIN) ➢ Potential mine life of ~15 years @ 8Mtpa ➢ Simple DSO operation and ~50% lump production with a price premium ➢ FY17 shipments of 8.0Mt a
Slide 9: Enhancing the Buckland Project
Enhancing the Buckland Project ➢ Buckland is a mine, road and port development For personal use only project in the West Pilbara ➢ BCI is the foundation proponent and 20Mtpa lease holder of Cape Preston East (CPE) Port development ➢ Value-adding activities and execution: ▪ Drill newly acquired Kumin
Slide 10: Upside from Iron Ore Royalties
Upside from Iron Ore Royalties BCI has a portfolio of iron ore royalties established through the sale of non-core assets For personal use only Nullagine ➢ Royalty of up to 2% FOB revenue ➢ On care & maintenance ➢ Ore Reserves of 21.6Mt when sold in 2016 ➢ Can be restarted rapidly should Fortescue el
Slide 11: Become a Serious Australian Player in Agricultural & Industrial Minerals
For personal use only Become a Serious Australian Player in Agricultural & Industrial Minerals Mardie – Salt Carnegie – SOP 11
Slide 12: Mardie Salt – Material Value Upside
Mardie Salt – Material Value Upside ➢ Highly favourable location for a large-scale solar evaporation salt project For personal use only Support ➢ Positive Scoping Study completed in July 20171 on 3.0-3.5Mtpa operation Infrastructure 1.4km Jetty utilising CPE Port ▪ Pre-tax NPV10 of A$290-380M, pre-t
Slide 13: Accelerate Carnegie Potash
Accelerate Carnegie Potash ➢ Sulphate of potash (SOP) is a high quality potassium- For personal use only containing fertiliser, with attractive long term demand fundamentals: ▪ Increasing global population and food consumption ▪ Requirement for higher crops yields due to declining availability of ar
Slide 14: Build Presence in Gold & Base Metals Through Exploration and Acquisition
For personal use only Build Presence in Gold & Base Metals Through Exploration and Acquisition 14
Slide 15: Marble Bar (100% BCI) – Gold & Lithium Potential
Marble Bar (100% BCI) – Gold & Lithium Potential Gold For personal use only ➢ Same granite-greenstone contact that hosts numerous historical gold mines and deposits ➢ Two highly prospective gold trends with total strike of 15km identified on tenements ➢ >150 rocks with visible gold and gold nuggets
Slide 16: Black Hills & Maitland – Paleoplacer Gold Potential
Black Hills & Maitland – Paleoplacer Gold Potential ➢ Significant recent market interest in Pilbara For personal use only paleoplacer potential ➢ Theory that the Pilbara and South Africa’s Maitland (100% BCI) Witwatersrand Basin were previously connected Black Hills Loudens Patch Jarret Well Steel W
Slide 17: Value Creation Plan is in Place
Value Creation Plan is in Place Activities currently underway and planned over the 1-2 years have the For personal use only potential to create significant shareholder value Agricultural & Industrial Carnegie Minerals PFS Mardie Potential Future Value Partners & FS Gold & Carnegie Base Metals Scopin
Slide 18: Experienced Team of Senior Executives
Experienced Team of Senior Executives BCI operates as a small team of subject experts who manages project contractors & partners For personal use only Alwyn Vorster (MD) Iron Ore & Industrial Approvals Steve Abbott Michael Klvac (GM Iron Ore & Industrial Min) (GM Corporate Affairs) Simon Hodge (CFO)
Slide 19: Summary
Summary For personal use only ➢ Healthy cash position and solid Iron Valley earnings underpin growth strategy ➢ Committed to current attractive iron ore portfolio, but also diversifying to mitigate iron ore price risk ➢ Based on current share price, Iron Valley earnings not fully valued by market, a
Slide 20: 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 21: For personal use only
For personal use only T +61 8 6311 3400 Level 1, 15 GPO Box E info@bciminerals.com.au Rheola St West 2811West Perth W www.bciminerals.com.au Perth WA 6005 WA 6872 21