Black Rock Mining Limited · ASX:BKT
Black Rock Mining — 121 Mining Investment Cape Town 2019
17 slides from Black Rock Mining's conference presentation, Feb 1, 2019
Slide 1: Mahenge: Best in Class Graphite Project
For personal use only MAHENGE BEST IN CLASS GRAPHITE PROJECT 121 Mining Investment Cape Town February 2019 1
Slide 2: Disclaimer
Disclaimer For personal use only The release, publication or distribution of this presentation in certain COMPETENT PERSONS jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed The information in this re
Slide 3: Table of contents
Table of contents For personal use only Who is Black Rock Mining? 4 Why graphite? 6 Why Black Rock Mining? 7 Exceptional DFS 8 Product validation 9 A team that can deliver 10 Tanzania 11 Why invest in Black Rock 12 Financing 13 Upcoming catalysts 14 Summary 15 3
Slide 4: Who is Black Rock Mining?
Who is Black Rock Mining? For personal use only Black Rock Mining Limited is an Australian based company listed on the Australian Securities Exchange (ASX:BKT). The Company has a 100% interest in the Mahenge Graphite Project located in Tanzania. The Project has a JORC compliant Mineral Resource Esti
Slide 5: Management and corporate
Management Black Rock Mining Corporate For personal use only ASX Ticker BKT Share Price (as at 30 Jan 2019) A$0.057 Shares on Issue 538.5m Options 47m Fully Diluted Market Capitalisation A$33.4m Top 20 Shareholders c.42% JOHN DE VRIES RAYMOND HEKIMA RICHARD CROOKES CEO, Vice President – Corporate No
Slide 6: Why Graphite?
Why Graphite? For personal use only • Demand for energy storage and expanded applications is likely to Growing demand double volumes over next decade Energy efficiency • In the expandable market, urbanization and building renovation are driving demand for large flake and EV & Batteries purity produc
Slide 7: Why Black Rock Mining?
Why Black Rock Mining ? For personal use only • The best undeveloped graphite project globally driven by geology and Geology geography • Highest grade concentrate and flake size Geography distribution with a scalable deposit as demand grows Grade & Size • Lowest peak capital expenditure driven by go
Slide 8: Exceptional DFS
Exceptional DFS For personal use only Item Metric Post-tax, unlevered NPV10 US$895m Post-tax, unlevered IRR 42.80% Capex for Phase One (83k tonnes pa) US$115m (incl 10% cont) Capex for Phase Two (83k tonnes pa) US$69.5m (incl 15% cont) Capex for Phase Three (83k tonnes pa) US$84.2m (incl 15% cont) L
Slide 9: Product Validation
Product Validation For personal use only • Black Rock conducted a 90 tonne Pilot Plant producing 8 tonnes of concentrate into the hands of 24 customers who can work with the product and validate the quality • The Pilot Plant defined the DFS and the success of the marketing strategy • The Pilot Plant
Slide 10: A team that can deliver
A team that can deliver 2016 For personal use only March Scoping study delivered April Metallurgical testing From June 99.1% World first TGC Purity Scoping achieved in lab by flotation study to DFS in 2 2017 April PFS delivered years 2018 May Pilot Plant, World first 99%+ Purity delivered by pilot p
Slide 11: Tanzanian engagement
Tanzanian engagement For personal use only Tanzanian community and Government are supportive of Black Rock. We have properly secured our social licence to operate. • Environmental approval received • Mining licence application currently showing “Recommended” 11
Slide 12: Why invest in Black Rock?
Why invest in Black Rock ? For personal use only There are two world class graphite opportunities, they are, however, very different assets Name Plate 250kt per annum 350kt per annum Market Capitalisation 30/01/19 $30.7M $690.64M Mine Life 32 years 50+ years Initial Investment Capex US$115M US$215M
Slide 13: Strategic Approach to Financing
Strategic Approach to Financing For personal use only “Heavy” Remove Doubt - Chinese Pilot Segmentation & Educate Multiple Definitive Validate Plant (PP 2.0)- Channel Investors Finance Streams Feasibility Metallurgical Demonstrate Development & Options – Study Performance Product and with Chinese Va
Slide 14: Upcoming Catalysts
Upcoming Catalysts Mining Licence Award For personal use only DFS Optimisation / Chinese Procurement Additional Offtakes 4th Module Financing Progression 14
Slide 15: Summary
Summary For personal use only GROWING BKT WELL EXCEPTIONAL MARKET POSITIONED ECONOMICS • The graphite market is • Competent and • Construction transforming from a experienced management underwritten by binding mature sector to one with team in place off take agreements rapid growth prospects • Proje
Slide 16: Contact details
For personal use only John de Vries Richard Crookes Elvis Jurcevic CEO, Executive Director Chairman Investor Relations Black Rock Mining Black Rock Mining Black Rock Mining +61 438 356 590 +61 404 083 396 +61 408 268 271 jdv@blackrockmining.com.au richard.crookes@blackrockmining.com.au ej@blackrockm
Slide 17: About Black Rock Mining
About Black Rock Mining For personal use only Black Rock Mining Limited is an Australian based company listed on the Australian Securities Exchange (ASX:BKT). The Company has a 100% interest in the Mahenge Graphite Project (the "Project") located in Tanzania. The Project has a JORC compliant Mineral
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