Black Rock Mining Limited · ASX:BKT
Black Rock Mining — 121 Mining Investment Conference Hong Kong 2018
14 slides from Black Rock Mining's conference presentation, Apr 24, 2018
Slide 1: Mahenge Graphite Project – Best of Class Graphite Project
For personal use only MAHENGE GRAPHITE PROJECT BEST OF CLASS GRAPHITE PROJECT Naturally Better Graphite 121 Mining Investment Conference Hong Kong – April 2018 BLACK ROCK MINING (ASX: BKT) BLACKROCKMINING.COM.AU
Slide 2: Important information
Important information For personal use only The release, publication or distribution of this presentation in certain COMPETENT PERSONS jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed The information
Slide 3: Table of Contents
Table of Contents For personal use only 1. Summary 2. Corporate Overview 3. Exceptional PFS 4. Industry Leading East of Processing and Product 5. Execution 6. Partners 7. Graphite Market Dynamics Improving 8. Why Black Rock Mining? 3
Slide 4: 1. Summary
1. Summary For personal use only - 100% Project Ownership – Black Rock Mining (ASX:BKT) has a 100% interest in the Mahenge Graphite Project located in Tanzania - Exceptional PFS – Optimised PFS completed in Aug 2017 with the following key metrics - Long life and meaningful scale – Three stage constr
Slide 5: 2. Corporate Overview
2. Corporate Overview For personal use only ASX Ticker BKT 4.5 $0.12 Share Price at 19 April 2018 A$0.056 4 $0.10 3.5 Shares on Issue1 443.7m 3 $0.08 Options 67.2m 2.5 Millions Performance Rights 3.4m $0.06 2 Fully Diluted Market Capitalisation A$28.8m 1.5 $0.04 Cash on hand as at 31 December 2017*
Slide 6: 3. Exceptional PFS
3. Exceptional PFS For personal use only • Crawl, Walk, Run Strategy • Three stage construction to deliver a maximum of 250k tonnes per annum of 98.5% graphite concentrate for 31 years. Stages two and three to be funded from free cash flow • Pre-production capex of US$90.1m* • Steady state opex of U
Slide 7: 3. Exceptional PFS – Industry leading low peak capital and highest normalised margin
3. Exceptional PFS For personal use only Industry leading low peak capital and highest normalised margin PEAK CAPITAL INTENSITY VS STEADY NORMALISED MARGIN VS PEAK STATE PRODUCTION CAPITAL INTENSITY 2,000 $1,600 1,800 $1,383 $1,400 $1,261 1,600 Capital intensity $USD/ annual tonne Capital intensity
Slide 8: 4. Industry Leading Processing and Product
4. Industry Leading Processing and Product For personal use only • Purity and size matter • Approximately 70% of the primary cleaning Primary Grind 1680 microns circuit for the Ulanzi ore product contained flake sizes over 80 mesh (180 microns) Secondary Grind Rougher 600 microns Scavenger Flotation
Slide 9: 5. Execution – Consistent Delivery on promises
5. Execution For personal use only Consistent Delivery on promises Q1 Q2 Q3 Q4 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Delivered New Chairman Metallurgical Rail confirmed Optimised appointed testing and drilling program Pilot plant testing PFS $4.75m raised to completed confirms industry Reserve progress DF
Slide 10: 5. Execution – Focus on construction ready
5. Execution Focus on construction ready For personal use only CY18 and C19 Targets Q4 1H 2H Q4 FY18 1H FY19 2H FY19 ESIA approval DFS completed Construction commenced with Resettlement FEED commenced commissioning framework approved Mining licence targeted for late High purity product awarded CY19
Slide 11: 6. Partners
6. Partners For personal use only MOU’S SIGNED WITH REAL INDUSTRY PARTICIPICANTS MEIWA BOTIAN BATTERY TESTING • Part of Mitsubishi group of • Existing spherioniser in Chinese • Long cycle data companies market available to customers to facilitate acceptance • Existing major player in • Creates capac
Slide 12: 7. Graphite Market Dynamics Improving
7. Graphite Market Dynamics Improving For personal use only • Pricing increasing across all grades • EV’s and storage showing strong growth - likely accelerate as supply chain constraints in Li & Co are removed • Expandable & fire retardant – large high purity flake in increasing shortfall • China p
Slide 13: 8. Why Black Rock?
8. Why Black Rock? For personal use only Track record of delivering to promise • Demonstrated engagement with government TIC & rail • Meaningful local content Pilot plant significant de-risks the project • Pilot plant proves that at significant scale the project can deliver premium size high grade c
Slide 14: John de Vries, CEO & Managing Director
For personal use only John de Vries CEO & Managing Director Black Rock Mining +61 438 356 590 jdv@blackrockmining.com.au BLACK ROCK MINING (ASX: BKT) BLACKROCKMINING.COM.AU
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