Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Shareholder Meeting (November 2007)
24 slides from Bci Minerals's shareholder meeting presentation, Nov 21, 2007
Slide 1: Annual General Meeting
For personal use only Annuall G A Generall M Meeting ti November 2007 Mike Young, Managing Director
Slide 2: Disclaimer
Disclaimer For personal use only September, 2007 • This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other f
Slide 3: Contents
CONTENTS For personal use only November, 2007 1. Executive Summary 2 2. The Project 3. Channel Iron Deposits 4. Fortescue MOU 5. Development Plan 6. Directors 7. C Corporate S Summary 8. Contact Details Tony Greenaway, Chief Geologist 3
Slide 4: Executive Summary
1 EXECUTIVE SUMMARY 1. For personal use only November, 2007 ASX Listed ¾ Listed in December 2006 ¾ Alkane and Consolidated Minerals spin-out of iron ore assets ¾ Focus on the Nullagine Iron Ore Project Nullagine ¾ E Earned-in d i 100% % iinterest t t iin th the P Project j t Project ¾ Drilling disco
Slide 5: Executive Summary - Location
Executive Summary - Location For personal use only November, 2007 Project Location 5
Slide 6: Executive Summary - Corporate
Executive Summary - Corporate For personal use only November, 2007 Corporate O Overview i Capital Structure Top Shareholders Shares on issue Number % Total Escrow Trading 30.0 Consolidated Minerals 15.0 28% Dec 2008 Restricted 24.0 TOTAL 54 0 54.0 Alkane Resources Ltd 9.0 17% Dec 2008 Options 4.3 Ra
Slide 7: The Project
2 THE PROJECT 2. For personal use only November, 2007 Project ¾ Pilbara Region – Access to Infrastructure Highlights ¾ High grade CID ore suitable for direct shipping ((“DSO”) DSO ) ¾ Up to 75 Mt DSO targeted ¾ Low contaminants – Yandi style ¾ High calcined Fe % ¾ Prospects lie 15 to 70 km from Fort
Slide 8: The Project – Exploration Targets
The Project – Exploration Targets For personal use only November, 2007 Exploration Targets1 Bonnie Creek ¾ Outcamp 15 - 20 Mt > 56 - 58 % Fe ¾ Coongan 8- 8 10 Mt > 56 - 58 % Fe ¾ Low-grade material (~15 Mt ) Shaw River ¾ Target of 10 – 40 Mt 55-58 % Fe ¾ Drilling to commence Oct ’07 Nullagine ll i R
Slide 9: The Project – Bonnie Creek (BC)
The Project – Bonnie Creek (BC) For personal use only November, 2007 Bonnie i Creek k O Outcamp Outcamp CID drilling ¾10m @ 57.6% Fe from 5m Woggies ¾10m @ 57.0% Fe from 1m -2 major j deposits p Section 802600 mE E ¾ 9m @ 58.1% 58 1% Fe from 5m ¾ 8m @ 57.6% Fe from 0m Bonnie East . Planned Coongan B
Slide 10: The Project – Bonnie Creek Infill RC
The Project – Bonnie Creek Infill RC For personal use only November, 2007 Outcamp Infill Drilling BD0209 - 14 m @ 55.5% Fe from 0m BD0210 - 14 m @ 57.9% Fe from 0m BD0211 - 7 m @ 58.4% Fe from 0m BD0212 - 6 m @ 55.3% Fe from 3m BD0213 - 7 m @ 57.9% 57 9% Fe from 0m BD0214 - 5 m @ 56.3% Fe from 10m B
Slide 11: The Project – Outcamp
The Project For personal use only November, 2007 Outcamp -low strip ratio - continuous ore body - potential 20Mt 11
Slide 12: The Project – Coongan Well
The Project For personal use only November, 2007 Coongan Well ll -outcropping mineralisation -3km long -potential 10Mt 12
Slide 13: Channel Iron Deposits
3. 3 CHANNEL IRON DEPOSITS For personal use only November, 2007 Iron Ore Comparison CID Bedded Mt BIF Deposits Robe, Yandi Newman, Tom Pr Karara, S. Down ~50% 5 off Pilbara exports are CID Dom mineral Goethite Hematite Magnetite Ore Grade Fe% ~57% ~62% ~35% Upgrade DSO DSO > 65% CaFe 4 ~64% ~65% 5 -
Slide 14: Channel Iron Deposits - Formation
Channel Iron Deposits - Formation For personal use only November, 2007 Iron enrichment Iron bearing rock Steep terrain – rapid erosion Laterite Development Modern Creek Advanced erosion – channel fill Modern Day Erosion 14
Slide 15: Channel Iron Deposits
Channel Iron Deposits For personal use only November, 2007 Modern day da channel - New Ne Zealand 15
Slide 16: Channel Iron Deposits (cont'd)
Channel Iron Deposits (cont (cont’d) d) For personal use only November, 2007 Sh River Shaw Ri M Mesa 16
Slide 17: Channel Iron Deposits – Minerals and CaFe
Channel Iron Deposits – Minerals and “CaFe” CaFe For personal use only November, 2007 Iron ore Magnetite Minerals ¾ Fe3O4 Original Assay ¾ 72% Fe & 28% O 58% Fe ¾ Pellets 10% LOI Hematite ¾ Fe F 2O3 ¾ 70% Fe & 30% O Calcination Volatiles off ¾ Lump / Fines H2O C CO2 1400°C LOI O = Loss on iignition
Slide 18: Channel Iron Deposits - Peers
Channel Iron Deposits - Peers For personal use only November, 2007 Other DSO Element BCI - RC BHP RIO AQA AGO2 Deposits Compound Outcamp1 Yandi Robe R Res Est Res Est Fe 58.1 58.0 57.0 57.4 57.1 CaFe 65.7 64.2 62.8 62.7 62.5 SiO2 28 2.8 50 5.0 57 5.7 56 5.6 70 7.0 Al2O3 1.7 1.3 2.7 3.2 1.8 P 0.02 0.
Slide 19: Fortescue MOU
4 FORTESCUE MOU 4. For personal use only November, 2007 FMG MOU ¾ Bulk commodity transport Cloud Break operations to Port Hedland ¾ Provides rail haulage, port handling and ship loading services ¾ Agreed rate of up to 5 Mtpa DSO – no blending at port ¾ To seek terms within 90 days of the completion
Slide 20: Development Plan
5 DEVELOPMENT PLAN 5. For personal use only November, 2007 Timing ¾ Currentlyy drilling g at Shaw River and Bonnie Creek ¾ Inferred Resource Early 2008 ¾ Scoping Study to +/- 35% End March 2008 ¾ Recommence drilling April 2008 ¾ Indicated / Measured Resource End September 2008 ¾ Bankable Feasibility
Slide 21: Development Plan - Indicative Timetable
Development Plan For personal use only November, 2007 Indicative Timetable Sep ‘07 Dec ‘07 Mar ‘08 Jun '08 Sep '08 Dec'08 Mar ‘09 Drilling Inferred Resource Scoping Study Ind/Meas Resource Feasibility 21
Slide 22: Directors
6. 6 DIRECTORS For personal use only November, 2007 Tony Kiernan Mr Kiernan is a solicitor with extensive experience gained over 35 years in the management and operation Chairman of listed public companies. companies As both a lawyer and general consultant, consultant he has practised and advised ex
Slide 23: Company Outlook
8 COMPANY OUTLOOK 8. For personal use only November, 2007 Near Term 9 Pilbara iron ore junior 9 100 % ownership with flexible off take/marketing options ¾ BC Iron maintains control 9 Current drill out of DSO targets – Resource early ‘08 9 Significant upside through near-term exploration success 9 Tr
Slide 24: For personal use only
For personal use only Mike Young, Managing Director