Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — RIU Explorers' Conference 2008
24 slides from Bci Minerals's conference presentation, Feb 12, 2008
Slide 1: ASX cover letter: Company Presentation
12 February 2008 For personal use only The Manager Company Announcements Office ASX Limited Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir Company Presentation Please find attached copy of the Company’s presentation to the RIU Explorers’ Conference 2008 on 13 February 2008. This presentation wil
Slide 2: The Time, The Place, The Metal
For personal use only The Time The Place The Metal Februaryy 2008 Mike Young, Managing Director
Slide 3: Disclaimer
Disclaimer For personal use only February 2008 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 and other facto
Slide 4: Executive Summary
EXECUTIVE SUMMARY For personal use only February 2008 ASX Listed ¾ Listed ASX December 2006 ¾ Consolidated Minerals and Alkane Resources spin-out of iron ore assets ¾ Capital raising $9M November 2007 – Cash on hand $10 M Nullagine ¾ 100% interest in the Project Project ¾ Potential Direct Shipping O
Slide 5: Executive Summary - Corporate
Executive Summary - Corporate For personal use only February 2008 Capital Structure Capital Structure Top Shareholders Shares on issue Number % Total Escrow Trading 35.4 Palmary Enterprises Aus - Consolidated Minerals 15.6 26% Dec 2008 Restricted 24.0 TOTAL 59 4 59.4 Alkane Resources Ltd 9.0 15% Dec
Slide 6: Executive Summary - Management
Executive Summary - Management For personal use only February 2008 Tony Kiernan, Chairman BC Iron Limited Management Team •Lawyer •Extensive boardroom experience Experienced management •Uranium Equities , Liontown Resources, Chalice Gold Mines, Across wide range of commodities and North Queensland M
Slide 7: Executive Summary - Location
Executive Summary - Location For personal use only February 2008 Nullagine Project Location 6
Slide 8: The Project
THE PROJECT For personal use only February 2008 Project Highlights ¾ Pilbara Region g – Access to Infrastructure ¾ CID suitable as direct shipping ore (“DSO”) ¾ Potential 3 Mtpa p DSO operation p Warrigal ¾ Low contaminants – Yandi style Outcamp ¾ High g calcined Fe % Coongan ¾ Prospects lie within
Slide 9: The Project - Iron Ore Deposit
The Project –Iron Ore Deposit For personal use only February 2008 Iron Ore CID Bedded Mt BIF Comparison Deposits Yandi, Robe R Newman, FMG Karara, Sth Down Nullagine Tom Price Dom mineral Goethite Hematite Magnetite Ore Grade Fe% ~57% 58-63% ~35% Upgrade DSO DSO > 65% CaFe 4 ~64% ~65% 5 - Contaminan
Slide 10: The Project - Scoping Study
The Project – Scoping Study For personal use only February 2008 B Bonnie i CCreek k CID Project P j t Exploration Target1 ¾ DSO 20 – 30 Mt @ 55 – 58% Fe ¾ W i l 10 – 12 Mt @ 56 Warrigal 6 – 58% 8% Fe F ¾ Targeting 3 Mtpa DSO Operation S Scoping i Study S d Team T ¾ Manager GR Engineering Services ¾
Slide 11: The Project - Bonnie Creek CID
The Project - Bonnie Creek CID For personal use only February 2008 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N Scale 500 m Outcamp Well CID ¾ Target ~20 Mt ¾ Low strip ratio ¾ Mesa-style mineralisation 10
Slide 12: The Project - Warrigal Well CID
The Project – Warrigal Well CID For personal use only February 2008 807,000E 808,000E Warrigal Well CID ¾ Recent discovery east of Outcamp 11m @ 58.3% Fe 7,563,000N ¾ Target 10 – 12 Mt 13m @ 58.3% Fe ¾ Up to 27 m intersection CID 11m @ 58.4% Fe ¾ 7.2 km combined length 11m @ 58.0% Fe ¾ Mesa-style y
Slide 13: The Project - Warrigal Well CID
The Project – Warrigal Well CID For personal use only February 2008 807,000E 808,000E 11m @ 58.3% Fe 7,563,000N 13m @ 58.3% Fe 11m @ 58.4% Fe 11m @ 58.0% Fe 11m @ 59% Fe 11m @ 58.3% Fe 17m @ 54.3% Fe 7,562,000N 15m @ 55.5% Fe 12
Slide 14: The Project - Shaw River CID
The Project – Shaw River CID For personal use only February 2008 Shaw River CID ¾ Med grade CID 763,000E • High CaFe Detrital ¾ Detrital Deposits p • Low cost mining CID ¾ Potential source for upgrade ore ¾ Simple upgrade 764,000E 7,553,000N 7,554,000N 7,555,000N 13
Slide 15: Channel Iron Deposits: Formation of CID
CHANNEL IRON DEPOSITS For personal use only February 2008 Formation of CID 14
Slide 16: Channel Iron Deposits
Channel Iron Deposits For personal use only February 2008 Modern day da channel - New Ne Zealand 15
Slide 17: Channel Iron Deposits
Channel Iron Deposits For personal use only February 2008 Sh River Shaw Ri M Mesa 16
Slide 18: Channel Iron Deposits - Minerals and CaFe
Channel Iron Deposits – Minerals and “CaFe” CaFe For personal use only February 2008 Iron ore Magnetite Original Assay Minerals ¾ Fe3O4 58% Fe ¾ 72% Fe & 28% O 10% LOI ¾ Pellets Hematite ¾ F 2O3 Fe Fines feed ¾ 70% Fe & 30% O Sintering Volatiles off Calcination H2O C CO2 ¾ Lump / Fines LOI = Loss on
Slide 19: Channel Iron Deposits - Peers
Channel Iron Deposits - Peers For personal use only February 2008 Other DSO Element BCI - RC BHP RIO AQA AGO Deposits Compound Outcamp Yandi Robe R Res Est Res Est Fe 57.5 58.0 57.0 57.4 57.0 CaFe 65.0 64.2 62.8 62.7 63.7 SiO2 31 3.1 50 5.0 57 5.7 56 5.6 63 6.3 Al2O3 1.8 1.3 2.7 3.2 1.5 P 0.02 0.04
Slide 20: Fortescue MoU
FORTESCUE MOU For personal use only February 2008 FMG MOU ¾ Bulk commodity transport Cloud Break operations to Port Hedland ¾ Provides rail haulage, port handling and ship loading services ¾ Agreed rate of up to 5 Mtpa DSO – no blending at port ¾ To seek terms within 90 days of the completion of a B
Slide 21: Development Plan
DEVELOPMENT PLAN For personal use only February 2008 Timing ¾ Inferred Resource March Q Qtr 2008 ¾ Scoping Study Bonnie Creek CID June Qtr 2008 ¾ Baseline Environmental Surveys Commenced ¾ Recommence drilling April 2008 ¾ Indicated / Measured Resource December Qtr 2008 ¾ Bankable Feasibility Study L
Slide 22: Development Timetable
Development Timetable For personal use only February 2008 Indicative Timetable Dec‘07 Mar ‘08 Jun ‘08 Sep '08 Dec '08 Mar'09 Jun ‘09 Drilling Inferred Resource Scoping Study Ind/Meas Resource Feasibility 21
Slide 23: Investment Opportunity
INVESTMENT OPPURTUNITY For personal use only February 2008 Near Term 9 Pilbara iron ore junior explorer 9 100 % ownership - flexible off-take/marketing options ¾ BC Iron maintains control 9 Maiden JORC Resource Estimate - underway 9 Scoping p g Studyy 3 3-5Mtpa 5 p DSO – underway y 9 Upside with pro
Slide 24: Mike Young, Managing Director
For personal use only Mike Young, Managing Director 23