Bowen Coking Coal Ltd · ASX:BCB
Bowen Coking Coal — Shareholder Meeting (November 2019)
21 slides from Bowen Coking Coal's shareholder meeting presentation, Nov 21, 2019
Slide 1: Committed to growth through quality asset development
Committed to growth through quality asset development 21 November 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Bowen Coking Coal Limited (BCB, events may be materially different to those expressed or implied in this ASX:BCB or Bowen). This document contains background information about presentation. Given these uncertainties, recipients are cautioned not to p
Slide 3: Capital structure
Capital structure ASX: BCB Share distribution Shares on issue 803,762,262 Price as at 15 November 2019 $0.060 Market capitalisation $48m 22% Cash as at 15 November 2019 >$3.5m Enterprise value $44.5m 36% Unlisted options Board (Strike @ 2.5c, 3.c and 3.5c, 2% 65,700,000 expiring 12/12/2020 and 30/06
Slide 4: Bowen Basin coking coal projects
Bowen Basin coking coal projects 4
Slide 5: Staged asset development to target quickest way to production
Staged asset development to target quickest way to production Isaac River (100%) • 8.7Mt Stage 1 small open pit project. Fast tracking development for “low hanging fruit” option 1 • Scoping Study confirmed positive business case for Stage 1. PFS work commenced • Maiden program completed, focussed on
Slide 6: Isaac River
Isaac River Premier location: Goonyella rail system • Along strike of within 3km. Several BMA’s Daunia mine wash plants with • Higher rank Rangal additional capacity coal available in the area JORC Resource Leichhardt seam estimate of 8.7Mt (Rangal Coal Measures) (5.7Mt Measured, at between 15 and 2
Slide 7: Isaac River Resource
Isaac River Resource • Historical focus was on a semi-soft coking coal with secondary thermal coal for a combined yield of 87% • Following 2019 exploration focus more on higher quality coking coal with secondary PCI • Scoping study for Stage 1 (Leichhardt seam only, PCI option) yielded positive busi
Slide 8: Isaac River Development and Permitting
Isaac River Development and Permitting • Various mine planning scenarios completed, with Contractor Miner, off site infrastructure sited as best development option • Costing up of mine plans and discussions with Mining Contractors underway • Regional infrastructure discussions progressing • Environm
Slide 9: Mt Hillalong
Mt Hillalong Acquired EPC 1824 Exploration Target * from Australian Pacific between 61Mt and Coal (ASX: AQC); 409Mt for both EPC2141 from Rio open pit and Tinto underground Premier location Historical drilling proximate to Glencore’s and analysis Hail Creek JV (82%) demonstrated good hard coking coa
Slide 10: Mt Hillalong historical drilling
Mt Hillalong historical drilling Summary of seam intersections in the Rangal Coal Measures by the Rio Tinto exploration program Hole Tenement Seam intersection From To Thickness HILL005 EPC2141 Elphinstone 21.50 25.25 3.75 Hynds 102.76 107.36 4.60 HILL008 EPC2141 Elphinstone 24.73 28.70 3.97 Hynds 8
Slide 11: Hillalong South Target
Hillalong South Target • Rio Tinto chip hole Hill 003 (2013) intersected the full spectrum of Elphinstone and Hynds seams from 157m deep but was not cored for coal quality analysis • 2013 seismic line (Rio Tinto) through Hill 003 suggested sub cropping of the seams at a moderate dip within BCB’s ten
Slide 12: Hillalong South Target
Hillalong South Target Ss HILLOOOS ie) CMB22131 = 622270 622411 = 622549 = 622692 622823 622950 623076 623185 623298 623413 623537 = 623648 6; S$h631190 7631220 7631250 7631280 7631310 7631340 7631370 7631400 7631430 7631470 7631540 7631640 763173076 0 |
Slide 13: Hillalong North Target
Hillalong North Target • Significant amount of data from historic drilling, but not valid data points of observation for JORC (require coal quality) • DRAFT program designed with Xstract and Xenith to maximise coverage and definition for low cost open pit start • Northern area targets potential shal
Slide 14: Cooroorah
Cooroorah ‘BOWEN COKING | Cooroorah COAL | Neighbourhood TES oc mn a9 (Coronado MOLI62 Fonds nd Tracks @) 14
Slide 15: Cooroorah Project
Cooroorah Project Down dip from Coronado Also adjacent to Jellinbah Mine Potential for large scale Global Resources’ (ASX:CRN) (Anglo, Sojitz, Sam Chong and underground coal mine Curragh Mine that produced Marubeni) that produces low producing HCC, with secondary Hard Coking Coal, PCI and vol PCI an
Slide 16: Mammoth Seam – exceptional metallurgical coal
Mammoth Seam – exceptional metallurgical coal • Potential for a 3.5% ash, 8–9 CSN Mammoth Seam coking coal fraction compared to a range of coking coal with secondary 10% ash international traded coking coals (ad) 7560K/kcal/kg PCI for a combined lab yield of more than 90% (ad) • Mammoth seam has som
Slide 17: Carborough
Carborough (EPC1860) Acquired from Rio Historical Drilling Tinto as part of intersected coalesced Hillalong Elphinstone and Hynds seams. Historical quality in regional drill holes are encouraging Rio Tinto agreement Potential synergies with re-negotiated to neighbouring remove buy back and operation
Slide 18: Term sheet for Marketing Joint Venture and Funding Facility with M Resources
Term sheet for Marketing Joint Venture and Funding Facility with M Resources** 50:50 Joint Venture Market co will engage M Market co could source Formal agreements to be between BCB and M Resources to operate and externally produced coal completed within 90 days Resources (“Market co”) to administer
Slide 19: Short term action plan
Short term action plan Isaac River (6 weeks plan) Advance infrastructure Permitting Updated Mine Advance Mining contractor discussions focus Plan for EA pre-feasibility discussions Off-take discussions Environmental Authority (ongoing process in parallel) Hillalong ( 3 months plan) Finalise CCA and
Slide 20: Key investment drivers
Key investment drivers Coking coal focus Coal quality analysis within #1 coking basin in the world to date has delivered exceptional results Advanced projects with funding Experienced Board and options Management with close to 50% of Resources in with proven track record in the coal Measured and Ind
Slide 21: Contact
Contact Gerhard Redelinghuys Blair Sergeant Managing Director Director: Corporate Development T: +61 7 3360 0837 M: +61 413677110 E: gerhard@bowencokingcoal.com E: blair@bowencokingcoal.com COMPETENT PERSON STATEMENT The information in this report relating to this announcement relating to Mineral Re
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