Slide 1: Mahenge: Best in Class Graphite Project
MAHENGE BEST IN CLASS GRAPHITE PROJECT Paydirt Battery Minerals Conference - Perth March 2019 1
Slide 2: Disclaimer
Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or COMPETENT PERSONS distributed should inform themselves about and observe such
Slide 3: Table of contents
Table of contents Who is Black Rock Mining? 4 Why graphite? 6 Why Black Rock Mining? 7 Exceptional DFS 8 Product validation 9 A team that can deliver 10 Tanzania 11 Why invest in Black Rock 12 Financing 13 Upcoming catalysts 14 Summary 15 3
Slide 4: Who is Black Rock Mining?
Who is Black Rock Mining? Black Rock Mining Limited is an Australian based company listed on the Australian Securities Exchange (ASX:BKT). The Company has a 100% interest in the Mahenge Graphite Project located in Tanzania. The Project has a JORC compliant Mineral Resource Estimate of 212m tonnes at
Slide 5: Management
Management Black Rock Mining Corporate ASX Ticker BKT Share Price (as at 11 March 2019) A$0.068 Shares on Issue 538.5m Options 47m Fully Diluted Market Capitalisation A$33.4m Top 20 Shareholders c.42% JOHN DE VRIES RAYMOND HEKIMA RICHARD CROOKES CEO, Vice President – Non-Executive Executive Director
Slide 6: Why Graphite?
Why Graphite? • Demand for energy storage and expanded applications is likely to Growing demand double volumes over next decade • In the expandable market, Energy efficiency urbanization and building renovation are driving demand for EV & Batteries large flake and purity products Flake Size opportun
Slide 7: Why Black Rock Mining?
Why Black Rock Mining ? • The best undeveloped graphite project globally driven by geology Geology and geography • Highest grade concentrate and flake Geography size distribution with a scalable deposit as demand grows Grade & Size • Lowest peak capital expenditure Exceptional driven by good logisti
Slide 8: Exceptional DFS
Exceptional DFS Item Metric Post-tax, unlevered NPV10 US$895m Post-tax, unlevered IRR 42.80% Capex for Phase One (83k tonnes pa) US$115m (incl 10% cont) Capex for Phase Two (83k tonnes pa) US$69.5m (incl 15% cont) Capex for Phase Three (83k tonnes pa) US$84.2m (incl 15% cont) Life of Mine C1 Costs,
Slide 9: Product Validation
Product Validation • Black Rock conducted a 90 tonne Pilot Plant producing 8 tonnes of concentrate into the hands of 24 customers who can work with the product and validate the quality • The Pilot Plant defined the DFS and the success of the marketing strategy • The Pilot Plant became a strategic pa
Slide 10: A team that can deliver
A team that can deliver 2016 March Scoping study delivered April Metallurgical testing June 99.1% World first TGC Purity From achieved in lab by flotation Scoping April May study to 2017 PFS delivered DFS in 2 years 2018 Pilot Plant, World first 99%+ Purity delivered by pilot plant Oct 1st Offtake a
Slide 11: Tanzanian engagement
Tanzanian engagement Tanzanian community and Government are supportive of Black Rock. We have properly secured our social licence to operate. • Environmental approval received • Mining licence secured in three months! 11
Slide 12: Why invest in Black Rock?
Why invest in Black Rock ? There are two world class graphite opportunities, they are, however, very different assets Name Plate 250kt per annum 350kt per annum Market Capitalisation March 19 $34M $440M Mine Life 32 years 50+ years Initial Investment Capex US$115M US$215M Product Profile 98.5% to 99
Slide 13: Strategic Approach to Financing
Strategic Approach to Financing “Heavy” Remove Doubt Chinese Pilot Segmentation Educate Multiple Definitive - Validate Plant (PP 2.0)- & Channel Investors Finance Feasibility Metallurgical Demonstrate Development Streams & Study Performance Product and Options – with Chinese Validate Price EPC Partn
Slide 14: Upcoming Catalysts
Upcoming Catalysts ✓ Mining Licence Award DFS Optimisation / Chinese Procurement Additional Offtakes 4th Module Financing Progression 14
Slide 15: Summary
Summary GROWING BKT WELL EXCEPTIONAL MARKET POSITIONED ECONOMICS • The graphite market is • Competent and • Construction transforming from a experienced underwritten by mature sector to one management team in binding off take with rapid growth place agreements prospects well above • Project leverage
Slide 16: John de Vries CEO, Executive Director Black Rock Mining
John de Vries Richard Crookes Elvis Jurcevic CEO, Executive Director Chairman Investor Relations Black Rock Mining Black Rock Mining Black Rock Mining +61 438 356 590 +61 404 083 396 +61 408 268 271 jdv@blackrockmining.com.au richard.crookes@blackrockmining.com. ej@blackrockmining.com.au au 16
Slide 17: About Black Rock Mining
About Black Rock Mining Black Rock Mining Limited is an Australian based company listed on the Australian Securities Exchange (ASX:BKT). The Company has a 100% interest in the Mahenge Graphite Project (the "Project") located in Tanzania. The Project has a JORC compliant Mineral Resource Estimate of