Bci Minerals Ltd · ASX:BCI
Bci Minerals — RIU Conference – Sydney 2018
16 slides from Bci Minerals's conference presentation, May 9, 2018
Slide 1: Building an Iron Ore and Industrial Minerals Business
For personal use only Building an Iron Ore and Industrial Minerals Business RIU Conference – Sydney 9 May 2018 www.bciminerals.com.au
Slide 2: About BCI Minerals
About BCI Minerals For personal use only ▪ ASX-listed resources company based in Perth, Australia (ASX: BCI) ▪ Market cap of ~A$60M (at $0.15) ▪ A$17.5M cash and zero debt ▪ Royalty earnings from 8Mtpa Iron Valley Mine ▪ BCI is building an Iron Ore & Industrial Minerals business: – Discovering high
Slide 3: Corporate Information
Corporate Information For personal use only Capital Structure Shareholding and Trading Ordinary Shares 395M Wroxby Pty Ltd 27.7% Share Price (7-May-18) $0.15 Top 20 Shareholders ~50% Market Capitalisation $60M Number of Shareholders ~7,500 Cash (31-Mar-18) $17.5M Ave Daily Volume (Last 6 Months) ~70
Slide 4: Upcoming Milestones – Potential Value Drivers
Upcoming Milestones – Potential Value Drivers For personal use only Kumina: iron ore drilling – confirms high Jun-18 grade resources Kumina: development pathway settled Aug-18 Mardie: Positive PFS for Salt and SOP Jun-18 Iron Valley: MIN confirms light rail End-18 development – double production rat
Slide 5: Iron Ore Market
Iron Ore Market Headline 62% Fe prices remain robust - signs that discounts are narrowing For personal use only 100 90 62% Fe Price (US$/dmt) 80 ▪ Market for high grade ore remains 70 strong: FY18 headline 62% Fe price 60 remained in US$60-80/dmt range 50 40 30 ▪ Discounts for 58% Fe products 20 inc
Slide 6: Iron Valley Mine – Royalty Earnings
Iron Valley Mine – Royalty Earnings ▪ For personal use only Quarterly earnings for BCI via royalty agreement with Mineral Resources Ltd (MIN) ▪ 7-8Mtpa iron ore operation; 50% lump production; potential mine life of ~15 years ▪ BCI FY17 revenue of A$61M and EBITDA of A$16M (adjusted) – discounts in
Slide 7: Buckland Iron Ore – A Major Project
Buckland Iron Ore – A Major Project ▪ Iron ore mine/s, road and port development For personal use only 15-20Mtpa project in the West Pilbara ▪ Goal is for Buckland to become a 15-20Mtpa for 15 years operation, exporting via Cape Preston East (CPE) Port – Bungaroo South: FS completed and fully approv
Slide 8: Kumina Tenements – Transforming Buckland
Kumina Tenements – Transforming Buckland For personal use only ▪ Kumina is a large (480km2) tenement package with zero historical exploration information, acquired in late 2017 ▪ Multiple channel iron (CID) and higher grade bedded iron (BID) targets identified – Drilling at Kumina A completed with e
Slide 9: Drilling Confirms Kumina High Grade Potential
Drilling Confirms Kumina High Grade Potential ▪ Assays from first 37 holes at Kumina E confirm For personal use only presence of high grade iron ore mineralisation ▪ Best results include: – 40m at 62.0% Fe from surface in hole KRC0100 – 34m at 60.3% Fe from surface in hole KRC0068 – 32m at 59.9% Fe
Slide 10: Cape Preston East (CPE) Port – Multi-Product Export Potential
Cape Preston East (CPE) Port – Multi-Product Export Potential For personal use only ▪ CPE port facility planned to service Buckland CITIC’s Cape Preston Port Salt Shiploader Iron Ore (15-20Mtpa) & Mardie Salt (3.5Mtpa) Site Infrastructure Iron Ore Shiploader 1.4km Jetty ▪ BCI is the foundation propo
Slide 11: Why Salt and SOP?
Why Salt and SOP? Both Salt and SOP have an attractive long term demand outlook For personal use only ▪ Strong demand growth forecast in 63Mt/a 200 Mt 26Mt/a Asian chemical New industry Asia Salt 21Mt/a Demand NaCl ▪ ~26 Mt/a supply 2026 16Mt/a gap possible by Latent New Salt Supply (Salt) 2026 150
Slide 12: Mardie Salt & SOP – Unique Opportunity
Mardie Salt & SOP – Unique Opportunity ▪ Mardie located in Australia’s key salt production region For personal use only – 14.3Mtpa capacity in nearby operations owned by Dampier Salt (Rio Tinto / Marubeni / Sojitz) and Mitsui ▪ Site location presents ideal conditions for a large-scale solar salt pro
Slide 13: Other Projects
Other Projects Carnegie SOP Joint Venture (30%1) – Progress For personal use only ▪ Kalium Lakes as JV partner and manager ▪ Scoping Study completion targeted by Jun-18 Exploration (100% BCI) – Add value & monetise ▪ Black Hills: base metals ▪ Marble Bar: gold & lithium ▪ Peak Hill: gold & base meta
Slide 14: Attractive Value Proposition with Upside
Attractive Value Proposition with Upside For personal use only Iron Valley ▪ BOSS rail system could double production and increase 7-15Mtpa BCI’s annual royalty (royalty earnings) Potential future production from BCI iron ore tenements ~30Mtpa Buckland Iron Ore 15-20Mtpa ▪ High grade ore discovery a
Slide 15: Important Notices
Important Notices This presentation has been prepared by BCI Minerals Limited ABN 21 120 646 924 (“BCI”). For personal use only 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 a
Slide 16: For personal use only
For personal use only T +61 8 6311 3400 Level 1, 15 GPO Box 2811 E info@bciminerals.com.au Rheola St West West Perth WA 6872 W www.bciminerals.com.au Perth WA 6005