Black Canyon Limited · ASX:BCA
Black Canyon — RIU Explorers Conference February 2023
19 slides from Black Canyon's conference presentation, Feb 17, 2023
Slide 1: Pilbara Focused Manganese Developer and Explorer
For personal use only PILBARA FOCUSED MANGANESE DEVELOPER AND EXPLORER Brendan Cummins – Executive Director RIU Explorers Conference February 2023 1
Slide 2: Disclaimer & Forward Looking Statements
Disclaimer & Forward Looking Statements For personal use only 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 no
Slide 3: Scoping Study Cautionary Statement
Scoping Study Cautionary Statement For personal use only The Scoping Study referred to in this presentation has been undertaken for the purpose evaluating the potential development of the Flanagan Bore Manganese Project, Pilbara region, Western Australia. It is a preliminary technical and economic s
Slide 4: Corporate Overview and Experienced Board
Corporate Overview Experienced Board BCA $2.2M For personal use only ASX Code Cash (As of 31 Dec 2022) 51.7m $12.7M Graham Ascough Brendan Cummins (Non-Executive Chairman) (Executive Director) Geophysicist Geologist Shares on Issue Market Cap (As at 13/2/2023) Mr Ascough is a resources executive and
Slide 5: Delivering results and planning for success
Delivering results and planning for success For personal use only 6,046m RC and Thick Mn intercepts Maiden MRE 104Mt 7500m RC drilled Positive Cathode battery Manganese DD Drilling @ @ Flanagan Bore @ 10.5% Mn @ Flanagan Bore Flanagan precursor studies Sulphate >99% Flanagan Bore Indicated Bore Scop
Slide 6: Primed for Growth
Primed for Growth For personal use only w Manganese Premier Mineral Strategy to Experience focused location Resources develop counts Essential component Tier 1 location - Western Mineral Resource Proven pathway to discover Strong record into the steel industry Australia announced at LR1 and and deve
Slide 7: Manganese Fundamentals
Manganese Fundamentals Essential for steel and critical for EV Li-ion batteries For personal use only Manganese (Mn) is the fourth most consumed metal in the world by tonnage with 20Mt tonnes mined on an annual basis Approximately 90% is used in steel manufacturing with Mn alloys added to preven
Slide 8: Manganese – a critical energy mineral
Manganese – a critical energy mineral More manganese required to feed the battery technology evolution Ternary (NMC) Li-ion batteries For personal use only CATL announced (July 2022) the M3P battery which adds Mn (21%) to LFP batteries increasing the range to 700km without substantially increasing
Slide 9: Downstream and Expanded HPMSM Strategy
Downstream and Expanded HPMSM Strategy High Purity Manganese Sulphate For personal use only Manganese concentrate leaching and crystallisation testwork completed as part of an overall strategy to deliver high-purity manganese sulphate monohydrate (HPMSM) for the growing electric vehicle battery ma
Slide 10: Portfolio Overview – 2,400km2 under tenure
Portfolio Overview – 2,400km2 under tenure Exploring for “Woodie-Woodie” hydrothermal (high-grade Mn) and Hydrothermal Style “Supergene Balfour” style manganese deposits (med-grade Mn/Fe) For personal use only Leveraging of existing transport infrastructure Black Canyon (100%) ► Large exploration fo
Slide 11: Early success with the Flanagan Bore Discovery (BCA 75%)
Early success with the Flanagan Bore Discovery (BCA 75%) FB3 Deposit – RC drilling results LR1 Deposit – RC drilling results For personal use only ► 39m @ 13.5% Mn from surface (FBRC060) ► 40m @ 13.4% Mn from surface (FBRC018) Inc 15m @ 15.8% Mn from surface Inc 11m @ 20.4% Mn from 10m ► 40m @ 11.9%
Slide 12: Flanagan Bore - 171Mt @ 10.3% Mn for 17.7Mt of contained Mn
Flanagan Bore - 171Mt @ 10.3% Mn for 17.7Mt of contained Mn A discovery with scale, outcrops, grade & thickness For personal use only ► Delivers a large-scale, high quality Measured and Indicated Mineral Resource from surface with outcropping higher-grade zones that shows impressive geological and g
Slide 13: Flanagan Bore Scoping Study Results
Flanagan Bore Scoping Study Results Key Financial and Project Metrics For personal use only NPV8 (before tax, real) A$134 million IRR (before tax) 67% Production Targets (LOM) 36.1Mt @ 11.7% Mn Initial Mine Life @ 1.8Mtpa 20 Years Annual Mn concentrate production 500kt Project Capital Expenditure A$
Slide 14: Flanagan Bore – Progressing Metallurgical Studies
Flanagan Bore – Progressing Metallurgical Studies Positive sighter level test work For personal use only Significant manganese grade uplifts from feed grades of 11.7% and 13.7% Mn upgraded to approximately 19% and 26% Mn through scrubbing and washing - an important first step for beneficiation.
Slide 15: Workstream Progress Update
Workstream Progress Update Manganese concentrate High purity manganese sulphate For personal use only Feasibility Study Scoping Study for EV batteries Updated Mineral Resource Estimate Multiple manganese ore feed sources Scoping Study Sighter level leaching testwork Environmental baseline studies un
Slide 16: Exploration Upside – 2400km2
Exploration Upside – 2400km2 Davis Creek (BCA 100%) Fig Tree (BCA 75%) Undrilled For personal use only 7m @ 33.2% Mn from 2m (HADR017) Rockchip samples 37% – 45% Mn 5m @ 17.5% Mn from 8m, Including 2m @ 24.9% Mn (APR012) 5m @ 19.4% Mn from surface (TURC006) 3m @ 24.3% Mn from surface (TURC013) Refer
Slide 17: ESG – partnered with Socialsuite
ESG – partnered with For personal use only Highlights and achievments Partnered with Socialsuite to commence ESG reporting against the WEF Stakeholder Capitalism Framework Commenced wider community engagement - Heritage surveys conducted on site prior to drilling, involving Traditional Owners. C
Slide 18: Why invest in Black Canyon?
Why invest in Black Canyon? Manganese is essential to the steel industry and a For personal use only critical battery mineral, with strong growth forecast Well-funded, tight capital structure with a clear strategy to add value and grow the Company through discovery, development and downstream proces
Slide 19: Contact Us
Contact Us For personal use only Brendan Cummins Executive Director E: brendan.cummins@blackcanyon.com.au T: 0400 799 756 Media and Broker Enquiries Fraser Beattie White Noise Communications E: fraser@whitenoisecomms.com T: 0400 643 799 www.blackcanyon.com.au 19
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