Black Rock Mining Limited · ASX:BKT
Black Rock Mining — RIU Sydney (May 2017)
12 slides from Black Rock Mining's conference presentation, May 10, 2017
Slide 1: Black Rock Mining Corporate Presentation, RIU Sydney
For personal use only Black Rock Mining Limited (ASX: BKT) RIU Sydney Corporate Presentation 10 May 2017 Delivering a compelling low capex, high margin graphite mine
Slide 2: Important Information
Important Information For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be COMPETENT PERSONS restricted by law and therefore persons in such jurisdictions into which this presentation is The information in this report that relates to Exp
Slide 3: Table of Contents
For personal use only Table of Contents 1. Overview 2. Mahenge Graphite Project 3. Industry Leading Low Capex 4. Industry Leading Margin 5. Compelling Financial Metrics 6. Significant Scale Opportunities 7. Exposure to Battery Thematic 8. Summary 3
Slide 4: 1. Black Rock Mining Overview
1. Black Rock Mining Overview For personal use only • Developing the Mahenge Graphite Mine • The Mahenge Graphite Project has a JORC Compliant Mineral Resource Estimate of 203m tonnes at 7.8% Total Graphitic Carbon (“TGC”) for over 15m tonnes of contained graphite. • Industry Leading Low Capex • The
Slide 5: 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 supported by close proximity to infras
Slide 6: 3. Industry Leading Low Capex
3. Industry Leading Low Capex For personal use only Large enough to be investible with upfront capital small enough to be fundable • US$90.1m pre production capex for initial Pre-production capex v steady state annual production operation of 83.3k tonnes per annum* • Second phase to double productio
Slide 7: 3. Industry Leading Margin
3. Industry Leading Margin For personal use only High priced product combined with lowest quartile opex to deliver industry leading margin Estimated cash costs to port and concentrate grade • Life of mine cash costs to port estimated at US$382 / tonne. 98.5% 98.3% • Margin benefits from high purity
Slide 8: 4. Compelling Financial Metrics
4. Compelling Financial Metrics For personal use only Compelling financial metrics even at sub $1,000 per tonne basket price • Unlevered post tax NPV10 of US$624m (NPV8 of US$798m) Sensitivity Analysis • Unlevered post tax IRR of 48.7% (NPV @ 8%, 10%, after tax, real) $1400m $1221m • NPV to pre prod
Slide 9: 5. Scale
5. Scale For personal use only High-grade Resource capable of delivering a multi-generational mine with significant scale • Over 15m tonnes of contained graphite with only 30% used in initial 32 year mine. Low Production Capex Meaningful scale Ramp up to match likely demand growth in battery market
Slide 10: 6. Exposure to Battery Thematic
6. Exposure to Battery Thematic For personal use only More than 1m tonnes of new supply is necessary to meet increasing demand • Exposure to lithium-ion battery market driven by electric vehicles and grid energy storage applications. • Market demand expected to triple between 2017 and 2025 requiring
Slide 11: 7. Summary
7. Summary For personal use only • Developing the Mahenge Graphite Mine • The Mahenge Graphite Project has a JORC Compliant Mineral Resource Estimate of 203m tonnes at 7.8% Total Graphitic Carbon (“TGC”) for over 15m tonnes of contained graphite. • Industry Leading Low Capex • The Company´s PFS rele
Slide 12: For personal use only
For personal use only John de Vries Simon Hinsley Charlie Bendon Interim CEO Investor Relations Executive Director NWR Communications Tamesis Partners LLP (UK) +61 438 356 590 +61 401 809 653 + 44 7968 167 030 jdv@blackrockmining.com.au simon@nwrcommunications.com.au cbendon@tamesispartners.com