Black Canyon Limited · ASX:BCA
Black Canyon — RIU Resources Round Up conference 2024
29 slides from Black Canyon's conference presentation, May 7, 2024
Slide 1: Corporate Presentation – RIU conference
ASX: BCA 7 May 2024 Corporate Presentation – RIU conference Black Canyon (ASX: BCA) is pleased to release the following presentation that Managing Director, Mr Brendan Cummins, will be providing at the RIU Resources Round Up conference, Sydney, commencing on the 7 May 2024. For personal use only Thi
Slide 2: Pilbara Focused Manganese Developer & Explorer
For personal use only Pilbara Focused Manganese Developer & Explorer May 2024 ASX:BCA Sydney RIU Resources Round Up blackcanyon.com.au Conference Presentation
Slide 3: Disclaimer & Forward Looking Statements
Disclaimer & Forward Looking Statements The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. The opinions and recommendations in this presentation are not intended to represen
Slide 4: Manganese Developer and Explorer
Manganese Developer and Explorer For personal use only Substantial Global MRE’s totaling 314 Mt @ 10.5% Mn containing 33.1 Mt Traditional manganese Tier 1 location – Manganese. concentrate for the Mn Projects located in East Essential for alloys used alloying industry. Pilbara in the heartland in th
Slide 5: Corporate Overview
Corporate Overview ASX:BCA Graham Ascough $9.5m $1.2m $8.3m Non-Executive Chairman Geophysicist Market Cap Cash Enterprise Mr Ascough is a resources executive and geophysicist with more than For personal use only 30 years’ experience. He is presently Non-Executive Chairman of (as at 3/05/2024) (End
Slide 6: Manganese (Mn)
Manganese (Mn) Essential for steel and critical for EV Li-ion batteries Fourth most consumed metal by tonnage with 60Mt For personal use only tonnes of ore mined globally on an annual basis. Approx. 90% is used in steel Baseload demand from manufacturing, Mn alloys China with the emergence added to
Slide 7: Manganese Fundamentals
Manganese Fundamentals World Manganese Production (2022 USGS) Moving in the right direction South Africa Gabon Australia China Ghana India Analysts expected the Mn ore price to move positively in 2024 For personal use only Ukraine (concentrate) Brazil Rest of World Groote Eylandt operations susp
Slide 8: Asset Overview – 2,100km2 of Granted Licenses
Asset Overview – 2,100km2 of Granted Licenses High Grade (52.9% Mn) Rock Chip samples from Wandanya (BCA 100%) Wandanya Outcrop (BCA 100%) For personal use only KR1 Target - E46/1383 (BCA 100%) KR1 Outcrop (BCA 100%) INVESTOR PRESENTATION BCA ASX Announcement 05/07/2023 High-grade Manganese Rock Chi
Slide 9: Balfour Manganese Field Mineral Resources
Balfour Manganese Field Mineral Resources Black Canyon controls the largest contained Manganese deposits in WA – 33.1Mt of contained Mn For personal use only MREs with strong geological and grade continuity demonstrated along and across strike – some remain open. Large scale mineralised system pre
Slide 10: Substantial Growth Potential at BMF
Substantial Growth Potential at BMF Pickering and Balfour East Deposit Exploration Target Estimate Pickering Exploration Target (BCA 100%) For personal use only Exploration Target estimated as a range across two projects: 160 – 215 Mt @ 11 – 12% Mn, containing 18 – 23 Mt of manganese MRE infill
Slide 11: Black Canyon in the Australian Manganese Context
Black Canyon in the Australian Manganese Context Largest manganese Mineral Resources Estimate in Western Australia For personal use only and second largest in Australia. All discovered by Black Canyon in the past 2 years. Three drill programs 569 holes for 20,064m Tonnes Grade Mn Contained Mn
Slide 12: Robust Metallurgical Testwork
Robust Metallurgical Testwork Crushing and washing testwork Significant manganese grade uplifts from feed grades of 11% and 15% Mn upgraded to approximately 23% and 24% Mn through scrubbing and washing For personal use only - an important first step for beneficiation. Pre-Feasibility level Heavy L
Slide 13: Wandanya (BCA 100%)
Wandanya (BCA 100%) High-grade potential Discovery For personal use only Reconnaissance sampling over the Wandanya (E46/1407) tenement (BCA 100%) delivered high-grade surface rock chip samples up to 58.5% manganese. Samples taken between 80 &100m apart (across strike) returned 52.9%, 54.3%, 53.3
Slide 14: Manganese – Critical Energy Metal
Manganese – Critical Energy Metal More manganese required to feed the battery technology evolution Development of additional battery manufacturing capacity in the USA and Europe with the Inflation Reduction Act and Critical Raw Materials Act respectively. For personal use only Svolt unveiled the
Slide 15: BCA Downstream Testwork
BCA Downstream Testwork Stage 1 – Evaluate Ore Suitability (2022) Initial leach tests yielded a 93% extraction rate. For personal use only Crystallised Manganese Sulphate crystals containing >32% Mn which >99% Mn Sulphate purity. Comparable to the typical 32% Mn content of battery grade HPMSM but fu
Slide 16: Black Canyon is a Growth Story
Black Canyon is a Growth Story For personal use only 2021 2022 2023 2024 Exploration Target 160–215 Mt @ 11–12% Mn BCA IPO Mid Flanagan Bore MRE Battery Grade HPMSM Manganese concentrate 2021 104 Mt @ 10.5% Mn Achieved grades between 30 and 33% Mn Positive Scoping Study at Balfour Mn Field Discoveri
Slide 17: 2024 Work Streams
2024 Work Streams • Offtake agreements with • Downstream processing facility smelters or metal traders • Manganese Ore supply For personal use only location & key criteria • Update Scoping Study at KR1 & KR2 shocks • USA: importance of the IRA • Feedstock and End-product • Examine Scale and the FTA
Slide 18: BCA Investment Summary
BCA Investment Summary Manganese is essential to the steel industry and a critical battery mineral, with strong growth forecast. For personal use only Clear strategy to add value & grow the Company through discovery, development & downstream processing. Significant exploration programs completed acr
Slide 19: ESG – Partnered With SocialSuite
ESG – Partnered With SocialSuite Highlights and achievments For personal use only Partnered with Socialsuite to commence ESG reporting against the World Economic Forum (WEF) Stakeholder Capitalism Framework Commenced wider community engagement - Heritage surveys conducted on site prior to drilli
Slide 20: Balfour Manganese Field Mineral Resource Estimates
Balfour Manganese Field Mineral Resource Estimates BCA 100% BCA 75% Summary of Mineral Resources > 7% cut-off grade Summary of Mineral Resources >7% Mn cut-off grade Mineral Material In Situ Mn Mn Fe Si Al Mineral Deposit Resource Material In Situ Mn Mn Fe Si Al Deposit Resource Category (Mt) (Mt) (
Slide 21: Australian Mn Resources
Australian Mn Resources Deposit Company Tonnes (Mt) Grade Mn (%) Contained Mn (Mt) Groote Eylandt South 32 127 43.6 55.4 Balfour Mn Field Black Canyon 314 10.5 33.0 For personal use only Butcher Bird Element 25 263 9.9 26.1 Oakover Firebird Metals 176.6 9.9 17.4 Woodie Woodie Consolidated Minerals 4
Slide 22: Potential for Global Scale Discoveries
Potential for Global Scale Discoveries Kalahari Manganese Field & Mines Balfour Manganese Field, Mineral Resources & Exploration Targets Parameter Kalahari Balfour For personal use only Basin Scale 35km x 15km 70km x 30km Carbonate & Manganese Ore type Oxide Oxide Benchmark Price 36-38% Mn 44% Mn (C
Slide 23: KR1 & KR2 Deposits (BCA 100%)
KR1 & KR2 Deposits (BCA 100%) 79 Mt @ 10.0% Mn for 7.8 Mt of contained Mn KR1 Mineral Resource model and coloured by Mn grade (%) For personal use only KR1 Section 7,475,100mN 24 Mt @ 11.9% Mn for 2.9 Mt of contained Mn KR2 Mineral Resource model and coloured by Mn grade (%) INVESTOR PRESENTATION KR
Slide 24: Pickering Discovery (BCA 100%)
Pickering Discovery (BCA 100%) Results confirm the Pickering manganese discovery has a cross strike width of between 300 to 500m and a drilled For personal use only strike extent of at least 2,000m. The overall Pickering target can be traced along strike for about 10km so there remains significa
Slide 25: Balfour East & Damsite Deposits (BCA 100%)
Balfour East & Damsite Deposits (BCA 100%) 32 Mt @ 11.9% Mn for 3.9 Mt of contained Mn Balfour East Mineral Resource model and coloured by Mn grade (%) For personal use only Balfour East Oblique Section 7 Mt @ 12.1% Mn for 0.9 Mt of contained Mn Damsite Mineral Resource model and coloured by Mn grad
Slide 26: Flanagan Bore Scoping Study Results (Aug 2022)
Flanagan Bore Scoping Study Results (Aug 2022) Key Financial and Project Metrics For personal use only NPV8 (before tax, real) A$134 million IRR (before tax) 67% Production Targets (LOM) 36.1Mt @ 11.7% Mn Initial Mine Life @ 1.8Mtpa 20 Years Annual Mn concentrate production 500kt Project Capital Exp
Slide 27: Notes
For personal use only Notes INVESTOR PRESENTATION 26
Slide 28: Notes
For personal use only Notes INVESTOR PRESENTATION 27
Slide 29: Contact
For personal use only Contact Brendan Cummins Managing Director 0400 799 756 brendan.cummins@blackcanyon.com.au ASX:BCA blackcanyon.com.au
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