Black Canyon Limited · ASX:BCA
Black Canyon — RIU Explorers Conference 2024
25 slides from Black Canyon's conference presentation, Feb 13, 2024
Slide 1: ASX Announcement – Corporate Presentation RIU conference
ASX Announcement 13 February 2024 ASX:BCA Corporate Presentation – RIU conference For personal use only Black Canyon (ASX: BCA) is pleased to release the following presentation that Executive Director, Mr Brendan Cummins, will be providing at the RIU Explorers conference, Fremantle. This announcemen
Slide 2: Pilbara Focused Manganese Developer & Explorer
For personal use only Pilbara Focused Manganese Developer & Explorer RIU Explorers Conference Presentation February 2024 ASX:BCA BLACKCANYON.COM.AU
Slide 3: Disclaimer & Forward Looking Statements
Disclaimer & Forward Looking Statements The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. The opinions and recommendations in this presentation are not intended to represen
Slide 4: Manganese Explorer and Developer
Manganese Explorer and Developer For personal use only MANGANESE BEST IN DEVELOPMENT PREMIER FOCUSED CLASS OPTIONS LOCATION Essential for alloys used Substantial Global MRE’s Traditional manganese Tier 1 location – WA Projects in the steel industry and totaling 314 Mt @ 10.5% concentrate for the Mn
Slide 5: Corporate Overview
Corporate Overview ASX Code $7.7m $1.43m $6.3m BCA Market Cap Cash Enterprise For personal use only (as at 9/02/2024) (End of Dec Quarter) Value 1.0m 7.0m 70.14m Shares on Issue Unlisted Options ($0.25 exercise, exp 5/05/2024) Unlisted Options ($0.28 exercise, exp 27/07/2025) Graham Ascough (Non-Exe
Slide 6: Manganese Fundamentals
Manganese Fundamentals Essential for steel and critical for EV Li-ion batteries Manganese (Mn) is the fourth most consumed metal by tonnage with 60Mt tonnes of ore mined annually. For personal use only Approx. 90% is used in steel NMC batteries contain 10- manufacturing, Mn alloys 30% Mn that equate
Slide 7: Manganese – Critical Energy Metal
Manganese – Critical Energy Metal More manganese required to feed the battery technology evolution Development of additional battery manufacturing capacity in the USA and Europe with the Inflation Reduction Act and Critical Raw Materials Act respectively. For personal use only Svolt unveiled the
Slide 8: BCA Downstream HPMSM Testwork
BCA Downstream HPMSM Testwork Stage 1 – Evaluate Ore Suitability (2022) Initial leach tests yielded a 93% extraction rate. For personal use only Crystallised Manganese Sulphate crystals containing >32% Mn which >99% Mn Sulphate purity. Comparable to the typical 32% Mn content of battery grade HPMSM
Slide 9: Asset Overview – 2,400km2 Under Tenure
Asset Overview – 2,400km2 Under Tenure High Grade (52.9% Mn) Rock Chip samples from Wandanya (BCA 100%) Wandanya Outcrop (BCA 100%) For personal use only KR1 Target - E46/1383 (BCA 100%) KR1 Outcrop (BCA 100%) BCA ASX Announcement 05/07/2023 High-grade Manganese Rock Chip Samples up to 54% Mn at the
Slide 10: Balfour Manganese Field Mineral Resources
Balfour Manganese Field Mineral Resources Black Canyon controls the largest contained Manganese deposits in WA – 33.1Mt of contained Mn For personal use only MREs with strong geological and grade continuity demonstrated across along and across strike – some remain open Large scale mineralised sy
Slide 11: Substantial Growth Potential at BMF Pickering Exploration Target
Substantial Growth Potential at BMF Pickering Exploration Target (BCA 100%) Pickering and Balfour East Deposit Exploration Target Estimate Exploration Target Estimate is calculated as a range across the For personal use only two deposits: 160 – 215 Mt @ 11 – 12% Mn, containing 18 – 23 Mt of mangan
Slide 12: KR1 & KR2 Deposits
KR1 & KR2 Deposits (BCA 100%) 79 Mt @ 10.0% Mn for 7.8 Mt of contained Mn KR1 Mineral Resource model and coloured by Mn grade (%) For personal use only KR1 Section 7,475,100mN 24 Mt @ 11.9% Mn for 2.9 Mt of contained Mn KR2 Mineral Resource model and coloured by Mn grade (%) KR2 Section 7,472,200mN
Slide 13: Pickering Discovery
Pickering Discovery (BCA 100%) Results confirm the Pickering manganese discovery has a cross For personal use only strike width of between 300 to 500m and a drilled strike extent of at least 2,000m. The overall Pickering target can be traced along strike for about ETE of 135Mt to 180Mt between 1
Slide 14: Black Canyon in the Australian Manganese Context
Black Canyon in the Australian Manganese Context Tonnes Grade Mn Contained Mn Deposit Company (Mt) (%) (Mt) Groote Eylandt South 32 127 43.6 55.4 For personal use only Balfour Mn Field Black Canyon 314 10.5 33.1 Butcher Bird Element 25 263 9.9 26.1 Oakover Firebird Metals 177 9.9 17.4 Woodie Woodie
Slide 15: Wandanya – High-grade potential Discovery
Wandanya (BCA 100%) High-grade potential Discovery Reconnaissance sampling over the Wandanya (E46/1407) tenement (BCA 100%) delivered high-grade surface rock chip samples up to 58.5% manganese. For personal use only Samples taken between 80 &100m apart (across strike) returned 52.9%, 54.3%, 53.3
Slide 16: Delivering Critical Mass and Planning for Success
Delivering Critical Mass and Planning for Success For personal use only 2021 2022 2023 2024 BCA IPO Mid Flanagan Bore MRE Battery Grade HPMSM Substantial Exploration Target 2021 104 Mt @ 10.5% Mn Achieved 160–215 Mt @ 11–12% Mn Positive Scoping Study at Updated Scoping Study and Widespread Mn Flanag
Slide 17: Forward Execution Plan
Forward Execution Plan Exploration and Pre-Development For personal use only Discover global scale Mineral Resources. Assess development pathway through feasibility and testwork. Team development and project implementation plan. Ensure social license to operate through environmental approval
Slide 18: BCA Investment Summary
BCA Investment Summary Manganese is essential to the steel industry and a critical battery mineral, with strong growth forecast. For personal use only Clear strategy to add value & grow the Company through discovery, development & downstream processing. Significant exploration programs completed in
Slide 19: ESG – Partnered With SocialSuite
ESG – Partnered With SocialSuite Highlights and achievments Partnered with Socialsuite to commence ESG reporting against the World For personal use only Economic Forum (WEF) Stakeholder Capitalism Framework Commenced wider community engagement - Heritage surveys conducted on site prior to drilli
Slide 20: Balfour Manganese Field Mineral Resource Estimates
Balfour Manganese Field Mineral Resource Estimates Summary of Mineral Resources > 7% cut-off grade Summary of Mineral Resources >7% Mn cut-off grade Mineral Material In Situ Mn Mn Fe Si Al Mineral Deposit Material In Situ Mn Mn Fe Si Al Resource Deposit Resource Category (Mt) (Mt) (%) (%) (%) (%) Fo
Slide 21: Australian Mn Resources
Australian Mn Resources Tonnes Grade Mn Contained Mn Deposit Company (Mt) (%) (Mt) Groote Eylandt South 32 127 43.6 55.4 For personal use only Balfour Mn Field Black Canyon 314 10.5 33.0 Butcher Bird Element 25 263 9.9 26.1 Oakover Firebird Metals 176.6 9.9 17.4 Woodie Woodie Consolidated Minerals 4
Slide 22: Potential for Global Scale Discoveries
Potential for Global Scale Discoveries Kalahari Manganese Field & Mines Balfour Manganese Field, Mineral Resources & Exploration Targets Parameter Kalahari Balfour For personal use only Basin Scale 35km x 15km 70km x 30km Carbonate & Manganese Ore type Oxide Oxide Benchmark Price (CIF) 36-38% Mn 44%
Slide 23: Balfour East & Damsite Deposits
Balfour East & Damsite Deposits (BCA 100%) 32 Mt @ 11.9% Mn for 3.9 Mt of contained Mn Balfour East Mineral Resource model and coloured by Mn grade (%) For personal use only Balfour East Oblique Section 7 Mt @ 12.1% Mn for 0.9 Mt of contained Mn Damsite Mineral Resource model and coloured by Mn grad
Slide 24: Flanagan Bore Scoping Study Results (Aug 2022)
Flanagan Bore Scoping Study Results (Aug 2022) Key Financial and Project Metrics NPV8 (before tax, real) A$134 million For personal use only IRR (before tax) 67% 36.1Mt @ 11.7% Production Targets (LOM) Mn Initial Mine Life @ 1.8Mtpa 20 Years Annual Mn concentrate production 500kt Project Capital Exp
Slide 25: Brendan Cummins, Executive Director
For personal use only Brendan Cummins Executive Director 0400 799 756 brendan.cummins@blackcanyon.com.au ASX:BCA BLACKCANYON.COM.AU