Black Canyon Limited · ASX:BCA
Black Canyon — Investor Presentation (November 2023)
25 slides from Black Canyon's investor presentation, Nov 9, 2023
Slide 1: ASX Announcement: Corporate Presentation Update
ASX Announcement 9 November 2023 ASX:BCA Corporate Presentation Update For personal use only Black Canyon (ASX: BCA) is pleased to release the following updated Company Presentation summarising results from recent exploration discoveries, battery grade HPMSM testwork and general market information u
Slide 2: Pilbara Focused Manganese Developer & Explorer
For personal use only Pilbara Focused Manganese Developer & Explorer November 2023 ASX:BCA BLACKCANYON.COM.AU
Slide 3: Disclaimer & Forward Looking Statements
Disclaimer & Forward Looking Statements 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 not intended to represen
Slide 4: Manganese Explorer and Developer
Manganese Explorer and Developer For personal use only Manganese Growth Development Premier Focused Potential Options Location Essential for alloys used Significant discoveries 1. Traditional manganese Tier 1 location – WA in the steel industry across the Balfour concentrate for the Mn Projects loca
Slide 5: Corporate Overview
Corporate Overview BCA $9.9m $1.9m $8.0m Enterprise Value For personal use only ASX Code Market Cap Cash (as at 03/11/2023) (End of Sept Quarter) 1.0m 66m Unlisted Options ($0.25 exercise, exp 5/05/2024) Graham Ascough Brendan Cummins Shares on Issue 7.0m (Non-Executive Chairman) (Executive Director
Slide 6: Manganese Fundamentals and Demand from Lithium-ion Batteries
Manganese Fundamentals Metals Demand from lithium-ion Batteries Essential for steel and critical for EV Li-ion batteries Manganese (Mn) is the fourth most consumed For personal use only metal by tonnage with 60Mt tonnes of ore mined annually Approximately 90% is used NMC batteries contain 10 to in s
Slide 7: Manganese – Critical Energy Metal
Manganese – Critical Energy Metal More manganese required to feed the battery technology evolution Development of more battery manufacturing capacity in the USA and Europe with the Inflation For personal use only Reduction Act and Critical Raw Materials Act respectively Svolt unveiled the Dragon A
Slide 8: BCA Downstream HPMSM Testwork
BCA Downstream HPMSM Testwork Stage 1 Evaluate ore suitability (2022) Initial leach tests yielded a 93% extraction rate For personal use only Crystallised Manganese Sulphate crystals containing >32% Mn which >99% Mn Sulphate purity. Comparable to the typical 32% Mn content of battery grade HPMSM but
Slide 9: Asset Overview – 2,400km2 under tenure
Asset Overview – 2,400km2 under tenure High Grade (52.9% Mn) Rock Chip samples from Wandanya (BCA 100%) Hydrothermal Style For personal use only KR1 Target - E46/1383 (BCA 100%) Supergene Style INVESTOR PRESENTATION 8
Slide 10: Potential for Global Scale Discoveries
Potential for Global Scale Discoveries Kalahari Manganese Field & Mines Balfour Manganese Field, Mineral Resources & Prospects Parameter Kalahari Balfour For personal use only Basin Scale 35km x 15km 70km x 30km Carbonate & Manganese Ore type Oxide Oxide Benchmark Price (CIF) 36-38% Mn 44% Mn (12 mo
Slide 11: 2023 Exploration and Development Activities
2023 Exploration and Development Activities BCA 100% Tenements For personal use only Discovery and Mineral Resource drilling: Drilled multiple quality targets across the Balfour Manganese Field to benchmark scale, grade and product specifications High success rate with 5 out of 6 targets deliver
Slide 12: KR1 Discovery (BCA 100%)
KR1 Discovery (BCA 100%) Mineral Resource Potential Drill assays confirm the KR1 manganese discovery has a cross strike width of between 200 to 500m, a strike extent of at least 2400m and open to the For personal use only northwest Leaching testwork extracted 97% Mn from KR1 material, which is p
Slide 13: KR2 Discovery (BCA 100%)
KR2 Discovery (BCA 100%) Mineral Resource Potential Thick manganese enriched shale mineralisation encountered from surface. Results confirm the KR2 manganese discovery has a cross strike width of For personal use only between 400 to 500m and a strike extent of at least 800m. Mineralisation extends
Slide 14: Balfour East Discovery (BCA 100%)
Balfour East Discovery (BCA 100%) Mineral Resource and Exploration Target Potential Results demonstrate thick manganese enriched shale mineralisation from first pass reconnaissance drilling. Assay results confirm a cross strike width of For personal use only between 200m to 300m and at least 600m
Slide 15: Damsite Discovery (BCA 100%)
Damsite Discovery (BCA 100%) Mineral Resource Results confirm the Damsite manganese discovery has a cross strike For personal use only width of 300m, a strike extent of at least 500m and is open to the north Mineralisation is between 10 and 24m thickness downhole with multiple holes ending miner
Slide 16: Pickering Discovery (BCA 100%)
Pickering Discovery (BCA 100%) Exploration Target Potential Results confirm the Pickering manganese discovery has a cross strike width For personal use only of between 300 to 500m and a drilled strike extent of at least 2,000m The overall Pickering target can be traced along strike for about 10k
Slide 17: Wandanya (BCA 100%)
Wandanya (BCA 100%) High-grade potential Discovery Reconnaissance sampling over the Wandanya (E46/1407) tenement (BCA 100%) delivered high-grade surface rock chip samples up to 54% manganese. For personal use only Two samples taken 100m apart (across strike) returned 52.9% and 54.3% Mn from an o
Slide 18: Flanagan Bore - 171Mt @ 10.3% Mn
Flanagan Bore - 171Mt @ 10.3% Mn for 17.7Mt of contained Mn (BCA 75%) Outcropping Discovery With Scale, Grade & Thickness ► Delivers a large-scale, high quality Measured and Indicated Mineral Resource from surface For personal use only with outcropping higher-grade zones with impressive geological a
Slide 19: Flanagan Bore – Positive Metallurgical Studies
Flanagan Bore – Positive Metallurgical Studies Crushing and washing testwork Significant manganese grade uplifts from feed grades of 11% and 15% For personal use only Mn upgraded to approximately 23% and 24% Mn through scrubbing and washing - an important first step for beneficiation. Pre-Feasibil
Slide 20: Flanagan Bore Attractive Scoping Study Results
Flanagan Bore attractive Scoping Study Results Key Financial and Project Metrics $134 67% For personal use only Million PRE-TAX NPV PRE-TAX IRR 20 $32.1 Year Million AVE ANNUAL CASHFLOW MINE LIFE (years 1-4) $44 <2 Million YEARS CAPITAL COST PAYBACK PERIOD INVESTOR PRESENTATION ASX Announcement 18 A
Slide 21: News flow
News flow DEC FEB APR JUN AUG OCT DEC 2022-23 Newsflow updates 2022 2023 2023 2023 2023 2023 2023 For personal use only Drilling Assay MRE Updates Discovery Drilling – Balfour Manganese Field BCA Manganese Sulphate for the EV market HPMSM Hydrometallurgical Studies Leaching Battery Grade HPMSM Expan
Slide 22: Forward Execution Plan
Forward Execution Plan Exploration and Pre-Development For personal use only Discover Global Scale Mineral Resources Assess development pathway through feasibility and testwork Team development and project implementation plan Ensure social license to operate through environmental approvals,
Slide 23: Why invest in Black Canyon?
Why invest in Black Canyon? Manganese is essential to the steel industry and a critical battery mineral, with strong For personal use only growth forecast Clear strategy to add value & grow the Company through discovery, development & downstream processing Significant exploration programs completed
Slide 24: ESG – Partnered With SocialSuite
ESG – Partnered With SocialSuite Highlights and achievments Partnered with Socialsuite to commence ESG reporting against the World For personal use only Economic Forum (WEF) Stakeholder Capitalism Framework Commenced wider community engagement - Heritage surveys conducted on site prior to drilli
Slide 25: Brendan Cummins, Executive Director
For personal use only Brendan Cummins Executive Director 0400 799 756 brendan.cummins@blackcanyon.com.au ASX:BCA BLACKCANYON.COM.AU