Black Rock Mining Limited · ASX:BKT
Black Rock Mining — Africa Down Under (ADU) 2021
17 slides from Black Rock Mining's conference presentation, Sep 1, 2021
Slide 1: Mahenge Graphite Mine: Naturally Better Graphite Investor Update
Black Rock Mining Mahenge Graphite Mine For personal use only Naturally Better Graphite : Investor Update Africa Down Under (ADU) conference presentation 1 September 2021
Slide 2: Important notices
Important notices This presentation has been prepared by Black Rock Mining Limited (Black Rock or the Company). 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
Slide 3: Table of Contents
Black Rock ▪ Corporate: Black Rock at a glance 4 and the For personal use only ▪ Snapshot of the Mahenge Graphite Mine 5 Mahenge ▪ Global Graphite Production 6 Graphite ▪ Graphite Use 7 Mine ▪ Graphite Market Dynamics 8 ▪ Why Black Rock ? 9 Table of Contents ▪ Strategy 11 ▪ Graphite Playbook 12 ▪ Fi
Slide 4: Black Rock at a glance
Black Rock at a glance Capital structure ASX ticker BKT Premium graphite player Share price (30 August 2021) $0.15 For personal use only Shares on issue 849.7 M Australian-listed company (ASX: BKT) Options and performance rights 89.2 M Mineral Resource of 212Mt at 7.8% TGC1 Market capitalisation (un
Slide 5: Premier location
Premier location For personal use only AFRICA Well positioned in East Africa’s growing Dar es Salaam Graphite belt Mahenge Graphite Mine TANZANIA Mahenge offers a unique combination of high quality geology and world class geography
Slide 6: Global Graphite Production
Global Graphite Production For personal use only 1 Tanzania set to NORWAY become a meaninglful 1% 0.016 Mt producer of graphite CANADA RUSSIA 3% 0.030 Mt UKRAINE 2% 0.025 Mt into the growing 2% 0.020 Mt global market CHINA 56% 0.700 Mt MAHENGE, TZ INDIA 3% 0.040 Mt 4%* 0.085 Mt BRAZIL 8% 0.095 Mt MO
Slide 7: Graphite Uses
Graphite Graphite Shapes 2% Recarburising 4% Other 9% Uses1 For personal use only Lubricants 5% Friction Products 6% Refractories Black Rock has a 46% diversified product Foundries 14% mix with 60% Batteries 14% exposure to the high margin large flake market SMALL FLAKE (FINES) LARGE FLAKE JUMBO FLA
Slide 8: Graphite market dynamics
▪ Electrification of transport to accelerate graphite demand Graphite ‒ EV battery pack price per kwh has dropped from US$295 in 2016 to market US$137 in 2020; projected to fall to US$94 by 2024 and US$62 by 20301 For personal use only ‒ Sub US$100 delivers electric vehicles at cost parity with gaso
Slide 9: Why Black Rock?
Why Black Rock ? For personal use only Unique competitive advantages driven by Geology and Geography GEOLOGY GEOGRAPHY ★ Mahenge’s 212mt resource makes it the 4th largest graphite ★ Access to key infrastructure, Grid Power, Rail, Airstrip, Water resource in the world and Tailings disposal (dry stack
Slide 10: Why Black Rock? A new greener source of graphite
Customer Markets Why Black ▪ Higher grade concentrate reduces manufacturing and energy consumption Rock ? For personal use only A new greener source of Graphite Hydro Electric Power ▪ Low carbon power supply, and transport footprint ▪ Reduced community vehicle interaction Mahenge Graphite Deposit ▪
Slide 11: Our Strategy is Simple
▪ Upstream focused operating model Our Strategy ▪ Capital light model focused on core-strengths is Simple For personal use only ▪ TZ Government as a development partner aligns ESG strategy ▪ Joint ownership = Alignment of interests Build a right sized ▪ Transparency leads to confidence and trust bus
Slide 12: Graphite Playbook
MAJORITY OF PRE-CONSTRUCTION INVESTMENT Graphite PILOT PLANT QUALIFICATION Playbook For personal use only CUSTOMERS & OFF-TAKES GOVERNMENT Free-Carried Interest Shareholding Agreement EPC Sequential development that is customer driven WE ARE HERE DRILLING SOCIAL LICENCE STUDY WORK MINING LICENCE & F
Slide 13: Financing Mahenge
▪ Targeting a blended project financing model Financing ▪ Matching risks to participants best placed to manage them Mahenge For personal use only ▪ Key potential finance stakeholders include EPC vendor, offtake counterparties and Tanzanian government Risk-adjusted finance ▪ POSCO/EPCM de-risks the f
Slide 14: Next steps
Advancing ENGINEERING BINDING OFFTAKES FINANCE Next steps ▪ Complete pilot plant run ▪ Complete qualification with ▪ Starting position is ~ 40% of required upfront For personal use only Western Offtakers capital is supported by combination of ▪ Re-estimate product based prepayments and deferred capi
Slide 15: A snapshot of the Mahenge Graphite Mine
A snapshot of the Mahenge Graphite Mine Simple open pit mine development with outstanding forecast returns1 For personal use only US$1.2B 45% 83ktpa Post-tax, ungeared, real NPV10 Post-tax, ungeared, real IRR Phase 1 output (1Mtpa ROM) 95 – 99%+ TGC purity US$116M 350ktpa 59% +80 mesh, 41% -80 Phase
Slide 16: Black Rock: The premier graphite exposure
Black Rock: The premier graphite exposure A world-class deposit with a superior development strategy For personal use only 01 Upstream focus with highly economic mine project 06 Premier location and logistics options 02 Deep evaluation work at real commercial scale 07 Fit-for-purpose project executi
Slide 17: For personal use only
For personal use only John de Vries Richard Crookes Managing Director and CEO Chairman T: +61 404 083 396 T: +61 438 356 590 E: richard.crookes@blackrockmining.com.au E: jdv@blackrockmining.com.au A: 45 Ventnor Avenue Elvis Jurcevic Investor Relations West Perth WA 6005 T: +61 408 268 271 E: ej@blac