Bwa Group Plc · AQUIS:BWAP
Bwa — Investor Presentation (2024)
43 slides from Bwa's investor presentation, May 20, 2024
Slide 1: Investor Presentation Q1 2024
Investor Presentation Q1 2024 AQSE: BWAP Strictly Private & Confidential Rutile Sands & Related Heavy Minerals
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by BWA Group Plc (the “Company”). The Company is a UK company quoted on the AQSE Growth Market, a market operated by the Aquis Stock Exchange Limited. This Presentation has not been fully verified and is subject
Slide 3: BWA Group Plc - Introduction
BWA Group Plc - Introduction ● BWA is an investment company founded some 90 years ago focussing on mineral exloration ● The Company has 1,000 + shareholders and is listed on the AQUIS London Stock Market ● There is an experienced board of directors, comprising economists., investment management and
Slide 4: BWA Group Plc Investment Case
BWA Group Plc Investment Case Five Granted (1,421 km2) Heavy Mineral Sands licences in Cameroon ● New supplies required of Rutile sands, Ilmenite and Zircon ● Rutile price increased by near 25% over 2021/2022, and Zircon price increased by approx. 45% in 2021-2022 ● BWA licences cover significant ar
Slide 5: 90% Subsidiary of BWA Group Plc - Rutile Sands & Related Heavy Minerals in Cameroon
90% Subsidiary of BWA Group Plc - Rutile Sands & Related Heavy Minerals in Cameroon 5.
Slide 6: Mineral Sands
- Heavy Mineral Sands (HMS), are deposits of sands containing concentration of Mineral Sands different types of minerals, such as sources of zircon, titanium, thorium, tungsten, aluminium silicate, rare-earth elements and occasionally precious metals or gemstones - Mineral Sands have an increasing i
Slide 7: Rutile & Zircon – Forecast Supply & Demand
Rutile & Zircon – Forecast Supply & Demand ↑2.5-3.0% New Supply is Required Forecast structural supply GLOBAL MINERAL SANDS MARKET gap, with demand for - Increasing demand driven by urbanisation, rising living Zircon increasing 2.5-3% standards, global growth and extensive array of year-on-year and
Slide 8: BWA Cameroon Licences - Why Cameroon?
BWA Cameroon Licences Why Cameroon? Nkoteng 2 Nkoteng 1 Abundant Natural resources, oil & gas, forestry and agriculture Song-Loulou 1 Investment-friendly jurisdiction & diversified economy Song-Loulou 2 Availability of well-trained technically competent workforce Dehane 1 Dehane 3 Modernisation - On
Slide 9: Adjacent Properties and Historic Resources
Adjacent Properties and Historic Resources — 1991*, BRGM defined resources within Akonolinga of 160Mt at >1% Rutile (Fox-Davies, July 2012). — Cameroon Rutile re-reported resources for the Akonolinga project in accordance with JORC (2004) of 162.7Mt at 1.15% Rutile (Fox-Davies, July 2012). — Between
Slide 10: NKOTENG & DEHANE - BWA work completed
NKOTENG & DEHANE - BWA work completed In 2020 and 2021, BWA has completed work in Nkoteng 1 and Dehane 1, as detailed in the following pages:- — Pre-exploration work, including, Licence Boundary Marking, ESIA outline plan — Desktop Data Review, Satellite Image Interpretation, Field Mapping and Targe
Slide 11: NKOTENG 1 and NKOTENG 2 Licences
NKOTENG 1 and NKOTENG 2 Licences Size and Location The adjacent Nkoteng 1 Licence covers an area of 497 km2 and the contiguous Nkoteng 2 Licence covers an area of 494 km2, and located some 60 kilometres to the north of the capital, Yaoundé, on the Sanaga River. The area is accessible via a sealed ro
Slide 12: DEHANE 1, DEHANE 2 and DEHANE 3 Licences
DEHANE 1, DEHANE 2 and DEHANE 3 Licences Size and Location The Dehane 1 Licence covers an area of 132 km2 and the contiguous Dehane 2 Licence covers an area of 54 km2. The Dehane 3 covers an area of 244 km2, bringing the total Dehane Licence package area to 430 km2. The licences are located some 70
Slide 13: DEHANE 2 Licence - Drilling
DEHANE 2 Licence - Drilling Size and Location Dehane 2 covers an area of 54 km2 and is contiguous with Dehane 1, providing an additional strike length of 14 km of the prospective Nyong River and some 20 km of the mouth and coastline of the Nyong River and estuarine environment, an area prospective f
Slide 14: Nkoteng and Dehane – Summary Preliminary Mineral Separation Work
Nkoteng and Dehane – Summary Preliminary Mineral Separation Work Ten samples from two auger holes were submitted to ALS Perth for mineral separation and percent determination testwork, and 21 samples were sent for granulometric studies and visual size fraction analysis. The following conclusions are
Slide 15: NKOTENG and DEHANE licences - CPR
NKOTENG and DEHANE licences - CPR JORC (2012) Competent Persons Technical Report by Tecoma Strategies was completed in December 2021 Tecoma are:- “Encouraged by the level of grade and the extent of all target minerals throughout the Dehane and Nkoteng licences.” CPR Highlights: — Basement geology co
Slide 16: ESG – Effective Compliance - Environmental Social and Governance
ESG – Effective Compliance - Environmental Social and Governance – Both Nkoteng and Dehane are accessible by existing sealed roads, with access roads leading to them or additionally, in the case of Nkoteng by the trans-state Cameroon railway. – The exploration programmes will have a negligible footp
Slide 17: About BWA Resources (UK) Ltd (BWAR)
About BWA Resources (UK) Ltd (BWAR) BWA RESOURCES (UK) LTD (BWAR) - 90% subsidiary of BWA Group plc 10% equity owned by Richard Howe (Chairman and Cameroon Resident) - Operates as intermediate holding company between BWA Group Plc and 2 Cameroon operating subsidiaries - 100% ownership of 2 Cameroon
Slide 18: Board of BWAR
Board of BWAR Richard Howe James Butterfield Richard Battersby James Hogg BSc, MSc, MAIG Executive Chairman Director Non-executive Director Technical Director Jonathan Wearing Director James joined 3i plc in 1969 where he Richard is a chartered accountant with Principal Geologist with Addison Mining
Slide 19: BWAR Management Structure
BWAR Management Structure Richard James Jonathan James Battersby Hogg Richard Howe Wearing Butterfield BWA Board Independent Independent BWA Chairman Director Technical Director Chairman and General Manager Director Lewis TBC Michel Ayuk Harvey Chief Operations Advisor Kamga Ayuknsock Country Manage
Slide 20: Operations & Management
BWAR Management Operations & Richard Howe: Chairman and In-Country Director of both companies, monitoring day- Management to-day operations and in particular Govt relations. He is resident in Cameroon since 1998, having retired in 2004 as Chairman and MD of BAT Cameroon and Central Africa, after hol
Slide 21: Indicative Project Development
Indicative Project Development Pre-Feasibility Updated Mineral Study (PFS) Resource Initial Mineral Offtake/JV/Sale Estimates Resource Estimates and JORC (2012) Value Report Mechanised Auger Program Planning Conceptual Mining Study and Preliminary Geological and Economic Assessment Geochemical (PEA)
Slide 22: BWA CANADA
BWA CANADA Kings of the North Corp — In 2019 BWA acquired Kings of the North Corp, a Canadian exploration company, with two licence groups remaining, from St Georges-Eco-Mining Corp (St-Georges) Prospective for — Two Licence Groups - These are valued (September 2019) by SRK International at CAD$2.46
Slide 23: Fund Raise
Fund Raise Q1 2024 - To date BWA has invested approx. £1.6M in the initial exploration and development of the five Cameroon Licences LONDON AQSE MARKET:- BWAP Proposed fund raise of the balance of up to £0.4M at 0.5p provides BWA with a Market Cap of £4.170M, with 834M shares in issue and will be ac
Slide 24: Fund Raise - Source & Application of Funds
10 Months to 31st December 2024 Fund Raise Source – Existing Cash + Current Subscription £66,000 Cash Receipts + Misc Receipts £467,500 Source & Application of Funds ----------- Fund Raise (net) plus Cash £533,500 ======== Application of Funds Cameron Operations & Exploration £338,000 Canada Operati
Slide 25: Fund Raise - Shareholdings & Convertible Loan Notes
Current Issued Ordinary Share Capital & To Be Issued 853,573,147 Fund Raise Large Shareholdings & Percentages:- St-Georges Eco-Mining 149,224,800 17.5% Richard Battersby 99,337,890 11.6% Details of Shareholdings, Jonathan Wearing 97,790,000 11.5% DM Cass 79,782,768 9.3% & Convertible Loan Notes Jame
Slide 26: Summary of Draft Income Statement
BWA GROUP PLC BWA GROUP PLC INCOME STATEMENT FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023 Summary of Draft Period 1.1.22 to Year Ended Income Statement 30.6.23 £ 31.12.21 £ 18 Months Ended 30th of TURNOVER - - June 2023 Administrative expenses 419,020 747,430 (419,020) (747,430) Other operating inc
Slide 27: Summary of Draft Balance Sheet
BWA GROUP PLC BWA GROUP PLC (REGISTERED NUMBER: 00255647) BALANCE SHEET 30 JUNE 2023 Summary of Draft £ 30.6.23 £ £ 31.12.21 £ Balance Sheet FIXED ASSETS Investments 2,623,724 1,980,034 as at 30th of June CURRENT ASSETS Debtors 67,470 48,402 Cash at bank 147,247 49,952 2023 214,717 98,354 CREDITORS
Slide 28: Advisors and Partners
Advisors and AQSE Corporate Adviser & Broker, Allenby Capital Partners Auditors, Adler Shine, Chartered Accountants of London Technical Advisors - Addison Mining Services Ltd – Geology, Resources and Environmental - Tecoma Strategies – JORC Competent Person - Bara Consulting – Mining and Mineral Pro
Slide 29: Thank you
Thank you Contact Information James Butterfield – BWA Chairman 07770 225253 James.Butterfield@bwagroupplc.com Jonathan Wearing – BWA Director 07798 688058 Jonathan.wearing@btconnect.com 29.
Slide 30: APPENDICES
APPENDICES Rutile Sands & Related Heavy Minerals in Cameroon 30.
Slide 31: Formation of Alluvial Heavy Mineral Sands
Formation of Alluvial Heavy Mineral Sands Heavy mineral sands are defined as loose aggregates of unlithified material containing combinations of minerals with a high specific gravity, generally above 4 g/cm3, although any mineral having a higher density than quartz (>2.65 g/cm3) would technically qu
Slide 32: Target Deposit Type - HMS Mining and Processing
Target Deposit Type - HMS Mining and Processing Heavy mineral sands are usually mined by open-pit The mineral sands are still only a small methods, with either wet techniques such as proportion of the total ore mined with clays, dredging, or dry methods using excavators, trucks, silts, sand and bedr
Slide 33: RUTILE & ZIRCON - Market Analysis
RUTILE & ZIRCON - Market Analysis TITANIUM - TiO2 pigment imparts whiteness, is UV resistant and inert - ~7.0million tpa global market (TiO2 units), including ~0.75million tpa of chloride grade ilmenite - Long term deficits for chloride pigment feedstocks, underpin strong outlook for rutile and chlo
Slide 34: Titanium Minerals & Zircon
- Most of titanium minerals are sold as pigments and paints, but also Titanium growing market in metals and welding products Minerals - Titanium ore market is expected to grow at a CAGR of 7% in the coming years Zircon & - Limited global supply pushes prices up Source: Mordor Intelligence ZIRCONIUM
Slide 35: Rutile
- Natural rutile is the rarest, highest grade and highest value titanium mineral - Natural rutile is the cleanest, purest form of titanium dioxide. Natural Rutile Rutile has a far lower carbon footprint: it is favoured by pigment producers over higher energy and carbon intensive “upgraded” titanium
Slide 36: Geographical Setting of Nkoteng and Dehane Licences
Nkoteng is located within the Yaoundé Domain of the Pan African Belt, which is a large nappe unit that has been thrusted southward onto the Congo Craton and is characterised by low- Geographical grade to high-grade garnet bearing metamorphosed schists, gneiss and orthogneisses and source of heavy mi
Slide 37: NKOTENG - Reconnaissance Pit Sampling Program
NKOTENG - Reconnaissance Pit Sampling Program Encouraging results from Reconnaissance grab and auger sampling within a wide floodplain and interpreted HMS depositional zone. Majority of pits and hand auger holes did not reach bedrock, stopped in mineralised gravel horizon. 37.
Slide 38: DEHANE Licence - Reconnaissance Grab Sample / Auger Program
DEHANE Licence - Reconnaissance Grab Sample / Auger Program Encouraging results from Reconnaissance grab and auger sampling within a wide floodplain and interpreted HMS depositional zone. Majority of pits and hand auger holes did not reach bedrock, stopped in mineralised gravel horizon. Six samples
Slide 39: NKOTENG Licence – Mechanised Auger Programme
NKOTENG Licence – Mechanised Auger Programme A total of 107 holes were drilled for 193.30 metres and 171 primary samples. The programme targeted the central sector of the licence where pitting and hand auger sampling completed by BWA in 2021 has identified an area of anomalous alluvial HMS mineralis
Slide 40: Nkoteng and Dehane – Results of Preliminary Mineral Separation Work
From the HLS and screening results, the following conclusions are made:- Nkoteng and — Five samples returned encouraging results from the wet screening 1 mm to 0.053 mm Dehane – fraction, in particular the main target sand and gravel units. — A number of samples returned high clay content which can
Slide 41: Nkoteng and Dehane Granulometric Testwork
Nkoteng and Dehane Granulometric Testwork Fraction +600 μm Fraction – 75 μm Crude fraction: black sand In the concentrated state, with organic matter, ilmenite minerals are easily kyanite, rutile, ilmenite, observed. Occasional red muscovite and quartz from rutile crystals can also be sample P654123
Slide 42: Nkoteng and Dehane Preliminary Mineral Separation and Quantitative Work
Nkoteng and Dehane Preliminary Mineral Separation and Quantitative Work Sample Details XRF XRD Valuable HM in Ground %- HM% Hole_ID From To Interval Lith Sample ID % +1mm 1/+0.053m % -0.053mm TiO2(%) ZrO2(%) Al2O3(%) Rutile Ilmenite Zircon Kyanite Garnet Rutile Ilmenite Zircon Kyanite Garnet VHM Sam
Slide 43: Nkoteng Testwork
Nkoteng Testwork feed The samples showed positive and unusual results despite being of low-grade and from less promising areas. The test methodology > 6 mm #6 mm and analytical flowsheet will enable the creation of an onsite lab < 6 mm for reserve sample 100 % and standard operating procedures. H2O