Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — RIU Sydney May 2009
20 slides from Bci Minerals's conference presentation, May 13, 2009
Slide 1: RIU Sydney May 2009
For personal use only RIU Sydney May 2009 Mike Young Managing Director
Slide 2: Nullagine Project Key Points
NULLAGINE PROJECT KEY POINTS For personal use only ¾ Resource 51Mt @ 57% Fe and low Al2O3 and ultra low P ¾ Direct Shipping, high-quality Sinter Blend Ore ¾ Mining – simple geometry, surface miners, low impact ¾ Feasibility Study nearing completion – June ‘09 ¾ Infrastructure – discussions with FMG
Slide 3: Capital & Management
CAPITAL & MANAGEMENT For personal use only Capital Structure Number Board Shares 59.4 Tony Kiernan - Chairman Options 6.1 Mike Young – Managing Director Fully Diluted Total 65.5 Garth Higgo – Non-exec Director $30M Terry Ransted – Non-exec Director Market Cap @ $0.50 Steven Chadwick – Non-exec Direc
Slide 4: Projects Location
PROJECTS LOCATION For personal use only Nullagine Project ¾ 1500 km2 holding in Pilbara ¾ Adjacent to existing infrastructure ast uctu e Bungaroo Creek Project ¾ Adjacent Rio’s Bungaroo CID ¾ Greenfields project ¾ Awaiting grant of tenure 4
Slide 5: Iron Ore Project
NULLAGINE IRON ORE PROJECT For personal use only Bonnie Creek CID ¾ 51Mt DSO 57.0% Fe (65% CaFe) ¾ ~65 Mt DSO 56.0% Fe present ¾ Ultra-low Ul l P P, Hi High h quality li sinter i bl blend d ¾ Adjacent to FMG operations Nullagine River CID ¾ DSO & upgrade CID (~5 ( 5 Mt) Shaw River CID ¾ Potential DS
Slide 6: Total Mineral Resource Estimate – March 2009
NULLAGINE PROJECT For personal use only Total Mineral Resource Estimate – March 2009 DSO Resource Estimate Class Mt Fe CaFe SiO2 Al2O3 P S LOI1000 M Measured d 1.7 57.0 6 8 64.8 3.49 2.15 0.018 8 0.016 6 12.0 Indicated 38.6 57.0 64.7 3.15 2.09 0.016 0.011 12.0 Inferred 10.4 57.0 64.8 3.27 2.00 0.013
Slide 7: Iron Ore Deposits – Pilbara Fines Peer Comparison
IRON ORE DEPOSITS – Pilbara Fines Peer Comparison For personal use only DSO Fines Element/ Typical BCI CID BHP CID RIO CID FMG Deposits Compound Spec Bonnie Ck Yandi Robe R Chichester Fe >57 57.0 58.0 57.0 59.1 CaFe >60 64.8 64.2 62.8 64.0 SiO2 3–5 32 3.2 50 5.0 57 5.7 42 4.2 Al2O3 < 2.0 2.1 1.3 2.7
Slide 8: Project – Outcamp Prospect
NULLAGINE PROJECT – Outcamp Prospect For personal use only 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N Scale 500 m Outcamp-Warrigal ¾ 38 Mt at 57.0% Fe (64.7% CaFe) ¾ Low strip ratio ¾ Outcropping mineralisation 8
Slide 9: Project – Outcamp Prospect
NULLAGINE PROJECT – Outcamp Prospect For personal use only Bottom of conceptual ‘pit’ Water Table ¾ Shallow “pits” mainly above surrounding plains - mining ore from day 1 ¾Above water table - lower environmental impact ¾Low OpEx - low strip ratio, use of surface miners 9
Slide 10: Project Parameters
NULLAGINE PROJECT For personal use only Project Parameters ¾ 51Mt DSO 57.0% Fe (65% CaFe) ¾ Surface mining; in-pit crushing ¾ Startup 1.5 1 5 Mtpa Mtpa, Ramp Ramp-up up 3 Î 5 Mtpa ¾ CapEx A$35-50M ¾ OpEx ~$40/tonne FOB ¾ Mine to ship via FMG rail and port ¾ Ultra-low P, High quality sinter blend ¾ E
Slide 11: Project – Mining
NULLAGINE PROJECT – Mining For personal use only VERMEER TL1255 Terrain Leveller ¾ Drill & Blast not required ¾ Primary Crushing not required ¾ Mi Haul Mine H lT Trucks k not required i d VERMEER TL1255 operating i at Cloud l d Break k (FMG) ( ) – photo h b by BC Iron 11
Slide 12: Infrastructure
INFRASTRUCTURE For personal use only Infrastructure Strategies ¾ Rail Haulage agreement with FMG/TPI MoU M U July J l 2007 - The Th Pilb Pilbara Infrastructure I f (TPI) Rail haulage via TPI to Port Hedland Port services via TPI Anderson Point Discussions on going ¾ Rail Access under WA Stat
Slide 13: The Right Mill - Blast Furnace
THE RIGHT MILL - BLAST FURNACE For personal use only Blast furnace • Iron ore & coal are added at the top in alternating layers – lump & coke only • Hot air is blasted into the bottom of the furnace • Rising gases provide environment for reducing the iron oxides – Fe2O3 Æ FeO • Descending burden mel
Slide 14: Niche Product – Sinter Feed
NICHE PRODUCT – SINTER FEED For personal use only Sintering ¾ All iron ore mines produce a lump and fines but only lump can be used in the blast furnace ¾ Synthetic lump is made by from fines by high temperature agglomeration - sintering ¾ Sintering creates “Made to order lump” ¾ Optimal physical pr
Slide 15: Sintering Quality
SINTERING QUALITY For personal use only Why is NIOP ore so good? Chemical advantages ¾ “Ultra U low” o Phosphorous o p o o ((<0.02%) 0 0 %) ¾ High Calcined Fe (>64%) y Physical advantages g ¾ Low ultra-fines – improves sintering ¾ Large g fines p product sizing g (9 (9-10 mm)) – lower crushing g cos
Slide 16: Marketing
MARKETING For personal use only Marketing Offtake ¾ Offtake agreement with Tennant Metals 25% 2 % Offtake Offt k as Principal P i i l or Agent A t att BC’ BC’s option ti Mechanisms for increased offtake to 50% Australian company – reduced counter party risk ¾ BC Iron Ore Marketing Strategy C
Slide 17: Conceptual Timetable
CONCEPTUAL TIMETABLE For personal use only ¾ Tenders May 2009 ¾ Feasibility Study Complete June 2009 ¾ Mining Approvals & Agreements 3rd Qtr 2009 ¾ Construction Commences 2nd Half 2009 ¾ Production Start-up 1.5 Mtpa 1st Half 2010 ¾ Production Ramp-up 3.0 Mtpa 2nd Half 2010 1H 2009 2H 2009 1H 2010 2H
Slide 18: Simple Path to Mining
NULLAGINE IRON ORE PROJECT For personal use only Simple Path to Mining ¾ Mineable Resource High g qqualityy DSO,, low contaminants,, ultralow P ¾ Statutory Approvals No pit, above water table, NT agreement ¾ Simple Mining Methods Surface miner, low strip ratio, ore at surface ¾ Infrastructure MoU fo
Slide 19: Supporting Statement
SUPPORTING STATEMENT For personal use only This release may include forward forward-looking looking statements. statements These forward forward-looking looking statements are based on management management’ss expectations and beliefs concerning future events. Forward-looking statements are necessar
Slide 20: For personal use only
For personal use only Mike Young, Managing Director Blair Duncan, Operations Manager