Bci Minerals Ltd · ASX:BCI
Bci Minerals — Investor Presentation (April 2018)
14 slides from Bci Minerals's investor presentation, Apr 27, 2018
Slide 1: Corporate Presentation
For personal use only Corporate Presentation 27 April 2018 www.bciminerals.com.au
Slide 2: About BCI Minerals
About BCI Minerals For personal use only ▪ ASX-listed resources company based in Perth, Australia (ASX: BCI) ▪ BCI aims to develop and generate earnings from Iron Ore & Industrial Minerals projects ▪ Market cap of ~A$60M (at $0.15) ▪ A$19M cash and zero debt ▪ Royalty earnings from the Iron Valley m
Slide 3: Corporate Information
Corporate Information For personal use only Capital Structure Shareholding and Trading Ordinary Shares 395.0M Wroxby Pty Ltd 27.7% Share Price (20-Apr-18) $0.15 Top 20 Shareholders ~50% Market Capitalisation $59.3M Number of Shareholders ~7,500 Cash (31-Dec-17) $18.9M Ave Daily Volume (Last 6 Months
Slide 4: Iron Ore Market
Iron Ore Market Headline 62% Fe prices remain robust and discounts appear to be narrowing For personal use only 100 ▪ FY18 headline 62% Fe price stronger 90 than market commentators’ forecasts 62% Fe Price (US$/dmt) 80 (US$60-80/dmt range) 70 60 50 ▪ In 2017/18, discounts for 58% Fe 40 products incr
Slide 5: Why Salt and SOP?
Why Salt and SOP? Both Salt and SOP have an attractive long term demand outlook For personal use only ▪ Strong demand growth forecast in 63Mt/a 200 Mt 26Mt/a Asian chemical New industry Asia Salt 21Mt/a Demand NaCl ▪ ~26 Mt/a supply 2026 16Mt/a gap possible by Latent New Salt Supply (Salt) 2026 150
Slide 6: Cash Flow from Iron Valley Mine
Cash Flow from Iron Valley Mine ▪ For personal use only Quarterly earnings for BCI via royalty agreement with Mineral Resources Ltd (MIN) ▪ 7-8Mtpa DSO operation; 50% lump production; potential mine life of ~15 years ▪ BCI FY17 revenue of A$61M and EBITDA of A$16M (adjusted) Iron Valley Operation ▪
Slide 7: Buckland Iron Ore – A Major Project
Buckland Iron Ore – A Major Project ▪ Iron ore mine/s, road and port development For personal use only 15-20Mtpa project in the West Pilbara ▪ BCI goal for Buckland to become a 15-20Mtpa for 15 years operation, exporting via Cape Preston East (CPE) Port – Bungaroo South: FS completed and fully appro
Slide 8: Buckland Game Changer – Kumina
Buckland Game Changer – Kumina For personal use only ▪ Large (480km2), underexplored tenement package acquired in late 2017 ▪ Multiple channel iron (CID) and higher grade bedded iron (BID) targets identified Y Z – Drilling at Kumina A completed with excellent results1 – Drilling underway at targets
Slide 9: Mardie Salt – Value Upside
Mardie Salt – Value Upside ▪ Mardie located in Australia’s key salt production region For personal use only – 14.3Mtpa capacity in nearby operations owned by Dampier Salt (Rio Tinto / Marubeni / Sojitz) and Mitsui ▪ All key site-related requirements for a large-scale solar salt project ▪ Targeting p
Slide 10: Cape Preston East (CPE) Port – Multi-Product Export Potential
Cape Preston East (CPE) Port – Multi-Product Export Potential For personal use only ▪ CPE port facility planned to service Buckland CITIC’s Cape Salt Shiploader Preston Port Iron Ore (15-20Mtpa) & Mardie Salt (3.0- Iron Ore Site Infrastructure Shiploader 3.5Mtpa) 1.4km Jetty Covered Salt Conveyor ▪
Slide 11: Other Projects
Other Projects Carnegie SOP Joint Venture (30%1) – Progress For personal use only ▪ Kalium Lakes as JV partner and manager ▪ Scoping Study completion targeted by Jun-18 Exploration (100% BCI) – Add value & monetise ▪ Black Hills: base metals ▪ Marble Bar: gold & lithium ▪ Peak Hill: gold & base meta
Slide 12: Attractive Value Proposition with Upside
Attractive Value Proposition with Upside For personal use only Iron Valley ▪ Reduced discount levels will improve BCI EBITDA 7-15Mtpa ▪ BOSS rail system could double production and increase (royalty earnings) BCI’s annual royalty Potential future production from BCI iron ore tenements ~30Mtpa Buckla
Slide 13: Important Notices
Important Notices This presentation has been prepared by BCI Minerals Limited ABN 21 120 646 924 (“BCI”). For personal use only This document contains background information about BCI current at the date of this presentation. The presentation is in summary form, has not been independently verified a
Slide 14: For personal use only
For personal use only T +61 8 6311 3400 Level 1, 15 GPO Box 2811 E info@bciminerals.com.au Rheola St West West Perth WA 6872 W www.bciminerals.com.au Perth WA 6005