Black Rock Mining Limited · ASX:BKT
Black Rock Mining — Investor Presentation (October 2015)
31 slides from Black Rock Mining's investor presentation, Oct 20, 2015
Slide 1: A Tanzanian Graphite Developer
A Tanzanian Graphite Developer For personal use only INVESTOR PRESENTATION October 2015 Diamond drilling at Mahenge www.blackrockmining.com.au
Slide 2: Disclaimer
Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions. For
Slide 3: Corporate Overview
Corporate Overview Indicative Capital Structure Board and Management For personal use only Share Price $0.08 Stephen Copulos (Chairman) Shares on Issue 193,059,094 +30 years experience across a wide range of Options on Issue1 40,145,000 industries including mining, manufacturing, Market Capitalisa
Slide 4: A Tanzanian Graphite Developer
A Tanzanian Graphite Developer Successful Acquisitions 1,800km2 acquired since July 2014 For personal use only Strong relationships in-country Proven Exploration Team Multiple new discoveries Exploration Target*: 84-115Mt @ 8.66-10.34% Exciting News Flow +30 drill holes to be completed by
Slide 5: Tanzanian Graphite Portfolio
Tanzanian Graphite Portfolio Mahenge Project For personal use only Large tonnage and high grade potential Initial assays from the Cascade and Ulanzi prospects indicate graphitic structures >10% TGC. Significant to achieving lower costs of production Exploration Target*: 84-115Mt @ 8.66-10.34%
Slide 6: Mahenge Project
Mahenge Project 680km2 of tenure compiled since July 2014 For personal use only Exploration Target*: 84-115Mt @ 8-10.34% Additional +30 drill holes to be completed by the end of 2015 Priority focus within four zones: Ulanzi: Current drilling Programme with resource expected Dec15 Cascade: Cu
Slide 7: Ulanzi Prospect
Ulanzi Prospect New discovery with consistent grade/ For personal use only thickness over 5.5km of strike 17 drill holes completed with assays W2 W1 confirming +10% TGC potential: 92m@ 8.50% TGC inc. 12m@ 14.00% (DD14) Ulanzi 52m@ 10.40% TGC inc. 8m@ 13.81% (RC50) 32m@ 9.25% TGC inc. 10m@ 16.32%
Slide 8: Cascade Prospect
Cascade Prospect Mineralised envelope >1km strike x For personal use only 200m-400m width 4 drill holes completed. Consistent +10% TGC intervals: 88m@ 9.68% inc. 44m@ 11.09% (RC41) 60m@ 10.00% inc. 22m@ 11.46% (RC42) 98m@ 9.82% inc. 40m@ 10.18% (RC43) 98m@ 9.04% inc. 62m@ 10.07% (RC44) Explora
Slide 9: Epanko North Prospect
Epanko North Prospect Two graphite lodes along the same north- For personal use only south trending lode structures as KNL’s 22.8Mt Epanko orebody 5,000m of drilling completed with best intersections of: 80m@ 8.05% TGC inc. 64m@ 8.54% (RC27) 60m@ 8.84% TGC inc. 36m@ 10.27% (RC28) JORC resource
Slide 10: Bagamoyo Option: Jumbo Flake Discovery
Bagamoyo Option: Jumbo Flake Discovery 1,116km2 tenure under option For personal use only Exceptional coarse flake graphite, typically 2-7mm flake with >10mm flake observed - premium pricing/t to comparably finer flake deposits Mineralisation mapped from surface, outcropping over a 1km strike
Slide 11: Proximity to Dar es Salaam, Infrastructure Corridor
Proximity to Dar es Salaam, Infrastructure Corridor For personal use only Seven tenements 1,116 km2 10 www.blackrockmining.com.au
Slide 12: Bagamoyo Prospect
Bagamoyo Prospect 1,000m x 200m zone of outcropping For personal use only graphitic gneiss – indicated thickness of approx. 30m Bedding is flat lying to gently dipping with shallow creeks and low hills Initial exploration underway: • Mapping and sampling of outcropping discovery zone - 1,000m
Slide 13: Development Pathway
Development Pathway For personal use only Construction & Exploration Development Production Tenure Acquisition Metallurgical testwork Project Execution Plan Community engagement Pre-feasibility study Financing Commence exploration Environmental studies Construction Maiden drill pr
Slide 14: Summary
Summary BKT is delivering shareholder upside through For personal use only discovering and developing graphite resources Tenure is demonstrably highly prospective. Exploration Target*: 84-115Mt (Mahenge only) New discoveries – Ulanzi and Cascade to underpin graphite resource at the Mahenge Pro
Slide 15: Appendices
For personal use only Appendices 14 www.blackrockmining.com.au
Slide 16: ASX Peer Comparison
ASX Peer Comparison For personal use only Market Resource Cont. Grade Resource Category Company Cap Size Graphite Type Project Location (TGC%) (JORC) ($M) (Mt) (Mt) Syrah Resources (SYR) 707 1,150 10.2% 117 Flake Measured, Ind, Inf Mozambique Triton Minerals (TON) 83 1,457 10.7% 155.0 Flake Indicate
Slide 17: Commercial Objectives
Commercial Objectives Our first task is to deliver a graphite resource with economic viability. Our objective is to have Ulanzi, Cascade and Epanko North deliver a sufficiently large resource at a target 10% TGC to ensure a long For personal use only mine life (+20 years). Our Mahenge resource calcu
Slide 18: Why we are excited about exploration
Why we are excited about exploration Successful exploration needs to start with good ground - fertile tenure with genuine scope to host economic resources. We tick that box at Mahenge. For personal use only More importantly it requires an exploration team that can implement, interpret, then build an
Slide 19: Image: Mahenge Project
Image: Mahenge Project Logging samples at Cascade For personal use only Ulanzi End of day meeting at Ulanzi 18 www.blackrockmining.com.au
Slide 20: Image: Bagamoyo Prospect
Image: Bagamoyo Prospect For personal use only 19 Flat lying graphitic gneiss outcrop in creek www.blackrockmining.com.au
Slide 21: Image: Bagamoyo Prospect
Image: Bagamoyo Prospect For personal use only 20 2-10mm Graphite flake aggregates on surface outcrop seen over a 1,000m x 200m area. www.blackrockmining.com.au
Slide 22: Contact
For personal use only CONTACT Steven Tambanis Managing Director T: (+61) 0407 689 231 E: st@blackrockmining.com.au W: www.blackrockmining.com.au 21 Outcropping graphitic rock showing spectacular cm-scale graphite flake aggregates on weathered rock surface www.blackrockmining.com.au
Slide 23: Exploration target tonnage range
Exploration target* tonnage range For personal use only . *The Exploration Target’s potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a mineral resource and it is uncertain if further exploration will result in the estimation of a mineral resou
Slide 24: Competent Persons' Statement
Competent Persons’ Statement For personal use only The information in this report that relates to Exploration Results is based on information compiled by Steven Tambanis, who is a member of the AusIMM. He is an employee of Black Rock Mining Limited. Steven Tambanis has sufficient experience which is
Slide 25: JORC Code, 2012 Edition – Table report template
JORC Code, 2012 Edition – Table 1 report template Section 1 Sampling Techniques and Data For personal use only (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling • Nature and quality of sampling (eg cut channels, random chips, or specific
Slide 26: JORC Table: Sub-sampling techniques
Criteria JORC Code explanation Commentary photographed. Sawn diamond core has been retained for a record in core trays. RC chips stored in both chip trays and 1-3kg individual metre samples as a record. For personal use only Sub-sampling • If core, whether cut or sawn and whether quarter, half or al
Slide 27: JORC Table: Location of data points
Criteria JORC Code explanation Commentary • Documentation of primary data, data entry procedures, data verification, data For personal use only storage (physical and electronic) protocols. • Discuss any adjustment to assay data. Location of • Accuracy and quality of surveys used to locate drill hole
Slide 28: Reporting of Exploration Results
Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary For personal use only Mineral • Type, reference name/number, location and ownership including agreements • The rock chip and trench sampling was
Slide 29: JORC Table: Diagrams and balanced reporting
Criteria JORC Code explanation Commentary Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts • Figures show plan location of trenches and drill holes, appropriately scaled should be included for any significant discovery being reported These should and referenced. i
Slide 30: JORC Table: Exploration Target
Criteria JORC Code explanation Commentary Exploration In any statement referring to Exploration target is a combined 84 to 115.5 Mt at a grade range of 8.66-10.34% TGC for 4 prospects within GRK’s Mahenge North tenure Target potential quantity and grade of the package: Epanko North lodes, Cascade an
Slide 31: Exploration activity and drill statistics
For an Exploration Target based Table 1 Surface Exploration activity summary on Exploration Results, a summary of the relevant Exploration Activity Number of Trench Pit Samples exploration data available and the Activity Samples nature of the results should also Mahenge North total 66 - - be stated,
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