Slide 1: Nullagine Iron Ore Project – Broker and Journalists Site Visit
September 21, 2009 For personal use only Nullagine N ll i Iron I Ore O Project P j Broker and Journalists Site Visit September 2009 Tony Kiernan - Chairman Mike Young – CEO and MD BC IRON LIMITED History of BC Iron ¾ BC Iron lists on ASX in December 2006 ¾ Resource drilling identifies DSO at Outcamp
Slide 2: BC Iron – Capital & Management
September 21, 2009 BC IRON - CAPITAL & MANAGEMENT For personal use only Capital Structure Number Board Shares 80.3M Tony Kiernan – Chairman Options 5.7M Mike Young – Managing Director Garth Higgo – Non-exec Director Fully Diluted Total 86.0M Market Cap @ $1.10 $88 M Terry Ransted – Non-exec Director
Slide 3: Nullagine Iron Ore Project / Joint Venture & Infrastructure
September 21, 2009 NULLAGINE IRON ORE PROJECT For personal use only Bonnie Creek CID ¾ Reserves of 36 Mt @ 57% Fe Bonnie Creek ¾ Resources of 51 Mt DSO @ 57.0% Fe Shaw River ¾ High CaFe, low Al2O3 & ultra-low P ¾ Mesa-style M t l mineralisation i li ti Nullagine Nullagine River & Shaw River CID Rive
Slide 4: June 2009 Reserves and Resources Statement
September 21, 2009 NULLAGINE IRON ORE PROJECT For personal use only June 2009 – Reserves and Resources Statement Probable Ore Reserves Pit i Mt Fe C CaFe SiO2 Al2O3 P S LOI O 1000 Outcamp 19.2 56.8 64.8 3.21 1.92 0.01 0.01 12.2 Warrigal 10.3 57.0 64.5 3.67 2.13 0.02 0.01 11.7 Coongan 6.0 57.0 65.1 2
Slide 5: Outcamp Mine – Trial mining and bulk sample
September 21, 2009 OUTCAMP MINE – Trial mining and bulk sample For personal use only 803,000E 804,000E 805,000E Trial mine and bulk sample ¾ Testing performance of two types of surface miners 7,562,000N ¾ Assess geology, reconciliation and metallurgy ¾ Assessing mill throughput and product sizing Co
Slide 6: Surface Miners / Conceptual Timetable
September 21, 2009 SURFACE MINERS For personal use only Environmental benefits ¾ Improved and safer mesa edge control ¾ Drainage management – siltation minimised ¾ Reduced vibration and ecosystem disturbance VERMEER TL1255 commences at Outcamp O Well ll - NIOJV O Engineering benefits ¾ Selective min
Slide 7: Supporting Statement
September 21, 2009 SUPPORTING STATEMENT For personal use only This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties