Bougainville Copper Limited · ASX:BOC
Bougainville Copper — Investment Week Sydney 2024
13 slides from Bougainville Copper's conference presentation, December 2024
Slide 1: Panguna: A Transformative Project for Bougainville
PANGUNA 2024 Papua New Guinea A Transformative Investment Week Project for Sydney ICC, December 2024 Bougainville
Slide 2: Outline of Today's Update
Outline of Today’s Update 1. Provide a BCL status update. 2. Discuss the significant progress in the last year. 3. Detail the scale of the project & why it makes sense. 4. Discuss the project, BCL’s role & the critical ingredient of success. 5. Summarise key next steps.
Slide 3: Bougainville Copper Limited: Current Status
Bougainville Copper Limited Current Status ➢ Bougainville Copper Limited (BCL) is an ASX listed company ▪ Following transfer of shares from Rio Tinto in 2016: ▪ 36.45% is held by the ABG and landowners. ▪ 36.45% is held by the PNG government who have committed to transfer to the ABG. ▪ Balance of 27
Slide 4: BCL Secures Lease (EL01)
Project Progress BCL Secures Lease (EL01) On 31 January 2024, ABG Minister for Mineral and Energy Resources, Hon. Ishmael Toroama granted BCL an extension of EL01 (Panguna). ➢ He said “Panguna was a high impact project for Bougainville and that issuance of the licence would pave way for redevelopmen
Slide 5: Landowner Access Compensation Agreement Signing
Project Progress Landowner Access Compensation Agreement Signing ➢ On 6 November 2024 the Landowner Access Compensation Agreement (LACA) was signed. ➢ Key representatives from ABG, BCL and landowners attended. ➢ A totemic and significant milestone for the Panguna project.
Slide 6: Business Cases & Investment Structures Prepared
Project Progress Business Cases & Investment Structures Prepared ➢ BCL’s Intellectual Property (IP) relating to the Panguna deposit is a significant and valuable asset ▪ Comprises a significant amount of geological data, technical reports & studies. ➢ BCL has engaged specialist advisors to accelerat
Slide 7: Panguna's Enormous Potential
Project Scale Panguna’s Enormous Potential ➢ JORC Compliant Resource Statement as of 31 December 2023. ➢ With a resource of ~9.3Mt Copper equivalents (Cu EQ), Panguna compares favorably to other similar deposits. ➢ Significant potential for additional mineralisation in pit (open at depth) and explor
Slide 8: Production & Financial Modelling
Project Scale Production & Financial Modelling ➢ Indicative production averages: ▪ Copper production of 150 kt Cu & gold production of 500 koz Au per annum. ▪ Mining rate of 110 Mtpa; Processing rate - start at 20 Mtpa and ramp up to 60 Mtpa. ➢ Conservative approach assumed in relation to environmen
Slide 9: Why Panguna? Why BCL / ABG?
Why Panguna? Why BCL / ABG? ➢ Brownfield project – avoid long lead times associated with greenfield projects. ➢ Copper, in the renewable energy industry space, is an attractive investment with a major global supply gap anticipated by 2030. ➢ BCL is a local company with cultural awareness. ➢ BCL hold
Slide 10: Critical Ingredient to Project Success
Critical Ingredient to Project Success Stakeholder Support ➢ ABG’s granting of the 5-year licence extension is a major show of confidence in BCL. ➢ Strong landowner support demonstrated by signing of LACA. ➢ In order to attract a credible mining partner to work with BCL and advance the project, ongo
Slide 11: Next Steps
Next Steps ➢ Present preliminary financial models & proposed investment structures to ABG and gain support to pursue opportunities with prospective mining partners. ➢ Secure mining partner and advance pre-feasibility and feasibility studies. ➢ BCL expects to increase activities on the ground from 20
Slide 12: In Summary
In Summary ➢ The Panguna Mine is a well-known and well-defined asset with significant upside potential. ▪ BCL’s existing IP contains a wealth of historical, accurate and reliable data. ➢ The project will bring substantial benefits and investment to the Bougainville region – both direct and indirect.
Slide 13: Thank You
THANK YOU Comments / Questions?