Black Rock Mining Limited · ASX:BKT
Black Rock Mining — Investor Presentation (February 2017)
15 slides from Black Rock Mining's investor presentation, Feb 3, 2017
Slide 1: Corporate Strategy Presentation
For personal use only Corporate Strategy Presentation Black Rock Mining Limited (ASX: BKT) February 2017 Delivering a compelling low capex, high margin graphite mine 1
Slide 2: Important Information
Important Information For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about an
Slide 3: For personal use only
For personal use only 1. Overview 2. Mahenge Graphite Project 3. March 2016 Scoping Study 4. Peer Comparison 5. Pre-Feasibility Study 6. Execution 7. Summary 3
Slide 4: 1. Black Rock Mining Overview
1. Black Rock Mining Overview For personal use only • The Mahenge Graphite Project has a JORC Compliant Mineral Resource Estimate of 203m tonnes at 7.8% Total Graphitic Carbon (“TGC”) with likely mine targets, Ulanzi and Cascades holding 164.6m tonnes at 8.2% TGC (13.5m tonnes of contained graphite)
Slide 5: 1. Black Rock Mining Overview (cont'd)
1. Black Rock Mining Overview (cont’d) For personal use only The Company is expecting to release the results of a PFS in March 2017 delivering similar pre production capex and cash costs for an initial 50k to 60k tonnes per annum operation growing over three phases to over 200k tonnes per annum. The
Slide 6: 2. Mahenge Graphite Project
2. Mahenge Graphite Project For personal use only High grade resource capable of delivering a multi generational mine with significant scale Cascades and Ulanzi JORC Mineral Resource estimate of 164.6m tonnes at 8.2% TGC Large, high grade Tanzanian Project with the fourth Ulanzi largest JORC Resourc
Slide 7: 3. March 2016 Scoping Study
3. March 2016 Scoping Study For personal use only Industry leading pre production capex, absolute flake size and concentrate grade Pre production capex of US$57.3m* Annual production of 52k tonnes of graphite concentrate for an initial 25 year mine life Assumed feed grade of 10.5% TGC Screen Size Ma
Slide 8: 4. Peer Comparison
4. Peer Comparison For personal use only 9% 8% LLG.V Large / jumbo flake (>150um, % absolute) 7% BKT.AX 6% Absolute percentage of large flake size vs concentrate grade based 5% BAT.AX on head grade for mine plan and GPX.AX KNL.AX FMS.V relevant recoveries as presented in 4% LEM.V most recent mining
Slide 9: 5. Pre-Feasibility Study
5. Pre-Feasibility Study For personal use only Three phase mine design with low pre production capex and substantial long term production Three phase mine design with initial phase target of 50k to 60k tonnes per annum ramping to over 200k tonnes per annum* Ramp up expected to take advantage of grow
Slide 10: 6. Execution – Team
6. Execution – Team For personal use only Building a very capable team of professionals to design, construct and operate the graphite mine Senior management team to consist of seven professionals CEO and Board Three of seven positions filled with ongoing discussions to fill other roles with the righ
Slide 11: 6. Execution – Low Capex Focus
6. Execution – Low Capex Focus For personal use only Low capex is king • Disciplined focus on realistic low pre production capex to ensure financing is achievable and ramp up profile properly matches likely increases in market demand • Meaningful scale supported by large multi-generational Resource
Slide 12: 6. Execution – Product Development
6. Execution – Product Development For personal use only Ongoing work to reinforce superior product qualities for the right partners Test work being conducted in Europe, USA and Asia to demonstrate the superior qualities of Mahenge graphite High purity concentrates up to 99% TGC are expected to se
Slide 13: 7. Summary
7. Summary For personal use only • The Mahenge Graphite Project has a JORC Compliant Mineral Resource Estimate of 203m tonnes at 7.8% TGC (15.9m tonnes of contained graphite), with likely mine targets, Ulanzi and Cascades holding 164.6m tonnes at 8.2% TGC (13.5m tonnes of contained graphite). • Ther
Slide 14: Further Information
Further Information For personal use only Steven Tambanis Gabriel Chiappini Managing Director Director Office: +61 8 9320 7550 Office: +61 8 9320 7550 st@blackrockmining.com.au gabriel@blackrockmining.com.au 14
Slide 15: Appendix – Mahenge JORC Mineral Resource Estimate
Appendix – Mahenge JORC Mineral Resource Estimate For personal use only Tonnes TGC Contained TGC Prospect Category (Millions) (%) (Millions tonnes) Ulanzi Measured 13.3 8.9 1.2 Indicated 48.0 8.2 3.9 Contained TGC Tonnes TGC Inferred 50.5 8.0 4.0 (Millions Sub-total 111.8 8.2 9.2 Category (Millions)
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