Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Shareholder Meeting (July 2008)
16 slides from Bci Minerals's shareholder meeting presentation, Jul 18, 2008
Slide 1: General Meeting July 2008
For personal use only The Time The Place The Metal General Meeting July 17 2008 Mike Young, Managing Director
Slide 2: Forward Looking Statements
Forward Looking Statements 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. events Forward-looking statements are necessarily subject to risks, risks uncertainties
Slide 3: Executive Summary
EXECUTIVE SUMMARY For personal use only Completed ¾ Listed on ASX Dec 2006 ¾ Capital Raising Nov 2007 ¾ Maiden Resource Estimate Mar 2008 ¾ Scoping Study completed Jun 2008 ¾ Feasibility Study commenced Jul 2008 Objectives ¾ Resource Estimate 2H 2008 ¾ Feasibility Study 1H 2009 ¾ Construction 2H 200
Slide 4: Executive Summary - Board and Management
EXECUTIVE SUMMARY For personal use only Board ¾ Tony Kiernan Non-executive Non executive Chairman ¾ Mike Young Managing Director ¾ Garth Higgo – COO Consmin Non-executive Director ¾ Terry Ransted – Chief Geologist Alkane Non-executive Director ¾ Steven Chadwick – Independent Non-executive Director S
Slide 5: Executive Summary - Scoping Study
EXECUTIVE SUMMARY - Scoping Study For personal use only ¾ C Completed l t d on 3Mtpa Mt DSO operation ti ffrom 2010 ramping i up to t 5Mtpa Mt b by 2011 ¾ Capex A$85 million – Opex A$42/tonne – Margin ~$30 - 40/tonne - based on current iron price and Forex projections ¾ 2008 Iron Ore Price increase
Slide 6: Executive Summary - Location
Executive Summary - Location For personal use only 6
Slide 7: The Bonnie Creek CID Project
THE BONNIE CREEK CID PROJECT For personal use only Scoping p g Study y ¾ DSO 28Mt @ 57.4% Fe (65.1% CaFe) Infill Drilling ¾ ‘In Pit’ 27.7Mt @ 57.4% Fe (65.1% CaFe) ¾ Target Production 3Mtpa Æ 5 Mtpa Target 15- 20 Mt ¾ CapEx A$85M Infill Drilling ¾ OpEx $42/tonne Target 5 - 10 Mt ¾ Margin (LoM) $30-$
Slide 8: Mineral Resource - Bonnie Creek CID Project
Bonnie Creek CID Mineral Resource For personal use only Bonnie i Creek k CID Project j Inferred Mineral Resource Estimate – March 2008 DSO Resource Estimate Prospect COG1 Zone Mt Fe CaFe SiO2 Al2O3 P S LOI1000 Outcamp 55.0 DSO 20.6 57.3 64.9 3.18 1.70 0.016 0.017 11.8 Coongan 55.0 DSO 7.4 57.8 65.5
Slide 9: Outcamp Prospect
Bonnie Creek CID - Outcamp Prospect For personal use only 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N 20 x vertical exaggeration 9
Slide 10: Outcamp Prospect
Bonnie Creek CID - Outcamp Prospect For personal use only Conceptual ‘pit’ outline Regional surface ¾ Shallow “pits” mainly above surrounding planes ¾Above water table – lower impact p on subterranean aquatic q fauna ¾Low strip ratio – low Opex / mining ore from day 1 10
Slide 11: Surface Miner
Bonnie Creek CID - Surface Miner For personal use only 11
Slide 12: Warrigal Well Prospect
Bonnie Creek CID – Warrigal Well Prospect For personal use only 807,000E 808,000E Warrigal Well CID ALL INTERSECTIONS ¾ Directly east of Outcamp Well FROM SURFACE 11m @ 58 58.3% 3% Fe ¾ Target 10 – 15 Mt DSO 7,563,000N ¾ Up to 27 m intersection CID 13m @ 58.3% Fe ¾ 7.2 km combined length 11m @ 58.4%
Slide 13: Shaw River CID
Shaw River CID For personal use only Shaw River CID ¾ Med grade CID 763,000E • High CaFe Detrital ¾ Detrital Deposits p • Low cost mining CID ¾ Potential source of upgrade ore ¾ Simple upgrade 764,000E 7,553,000N 7,554,000N 7,555,000N 13
Slide 14: Infrastructure Solutions
INFRASTRUCTURE SOLUTIONS For personal use only Fortescue ¾ MOU - negotiation g over bulk commodityy transport p Chichester operations to Port Hedland ¾ Provides rail loading, haulage, port handling and ship loading services ¾ Agreed rate of up to 5 Mtpa DSO fines ¾ Rail to Christmas Creek due for co
Slide 15: Conceptual Development Plan
CONCEPTUAL DEVELOPMENT PLAN For personal use only Timing ¾ Scoping Study Bonnie Creek CID Completed ¾ Baseline Environmental Surveys Commenced ¾ Infill drilling Commenced ¾ Resource Estimate Second Half 2008 ¾ Feasibility Study First Half 2009 ¾ Mining Agreements Second Half 2009 ¾ EPA & Mining Appr
Slide 16: Mike Young, Managing Director
For personal use only Mike Young, Managing Director