Black Rock Mining Limited · ASX:BKT
Black Rock Mining — Investor Presentation (August 2018)
20 slides from Black Rock Mining's investor presentation, Aug 6, 2018
Slide 1: Mahenge Graphite Project – August 2018 Investor Update
For personal use only MAHENGE GRAPHITE PROJECT BEST OF CLASS GRAPHITE PROJECT Naturally Better Graphite August 2018 Investor Update BLACK ROCK MINING (ASX: BKT) BLACKROCKMINING.COM.AU 1
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 The information in this rep
Slide 3: Table of Contents
Table of Contents For personal use only 1. Summary 2. Black Rock Overview – Corporate 3. Execution – Focused on Delivery On track for first product in late CY2019 4. Overview – Mahenge Graphite Project (Location + PFS metrics) 5. DFS – Pilot Plant Confirms Unique Ore and Product Quality DFS – Ex
Slide 4: 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: Black Rock Overview – Corporate
2. Black Rock Overview – Corporate For personal use only ASX Ticker BKT 4.5 $0.10 Millions Share Price A$0.044 4 3.5 $0.08 Shares on Issue 443.7m Options 64m 3 $0.06 Performance Rights 3.4m 2.5 2 Fully Diluted Market Capitalisation A$22.5m $0.04 1.5 Cash on hand as at 30 June 2018 $1.79m 1 $0.02 Top
Slide 6: Execution – Focused on Delivery
3. Execution – Focused on Delivery Consistent delivery on promises For personal use only Q1 Q2 Q3 Q4 Complete PFS Balance Sheet Start DFS Validate Design & Leadership & Assumptions Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 • Delivered • New Chairman • Metallurgical • Rail confirmed Optimised appointed testing
Slide 7: Execution – Timeline on track for first product in late CY2019
3. Execution – Timeline on track for first product in late CY2019* For personal use only Focus on construction ready / FY 19 Targets Q1 Q2 2H Study Completion Permitting & Contracts Finance & Construction ESIA approval Mining Licence submitted Mining Licence in place Resettlement framework
Slide 8: Overview – Mahenge Graphite Project (Location + PFS metrics)
4. Overview – Mahenge Graphite Project (Location + PFS* metrics) Crawl, Walk, Run Strategy For personal use only 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-producti
Slide 9: DFS – Pilot Plant Confirms Unique Ore and Product Quality
5. DFS – Pilot Plant Confirms Unique Ore and Product Quality Purity and size matter For personal use only Approximately 70% of the primary cleaning circuit for the Ulanzi ore product contained flake sizes over 80 mesh (180 microns) Primary cleaning delivered a 95% concentrate and a secondary cle
Slide 10: DFS – Study Executing to Plan
5. DFS – Study Executing to Plan For personal use only DFS remains on budget and on schedule On track for release in September 2018 Mahenge Graphite Project DFS Schedule High quality study supported by Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 rigorous test work Engineering
Slide 11: DFS – Simple Reliable Flexible mill
5. DFS – Simple Reliable Flexible mill For personal use only Three stage cleaning for std product Single Circuit Flexible – Regular, Premium and Ultra Purity-FP™ Add polishing for premium con Flake Graphite delivered from the same circuit Straight forward product flow – no mid mill screens Dry S
Slide 12: DFS – Opex Infrastructure Leverage
5. DFS – Opex Infrastructure Leverage For personal use only Rail haulage demonstrates superior logistics solution Second bulk sample rail hauled to Port of Dar es Salaam validates logistical viability for Mahenge production Rail haulage simplifies logistics and materially lowers cost by an estim
Slide 13: Execution – Financing discussions progressing in parallel with DFS completion
6. Execution – Financing discussions progressing in parallel with DFS completion For personal use only Continued engagement with China Serious discussions with Chinese engineering, procurement, construction and management (EPCM) firm Potential reduction in CAPEX A single-source mining infrastruc
Slide 14: Execution – Customer acceptance and product quality
6. Execution – Customer acceptance and product quality For personal use only Large flake is key point of differentiation Industry leading large, pure flake graphite distinguishes Mahenge Strong demand for ultra-high grade graphite Ultra Purity-FP™ Flake Graphite is a superior product with impres
Slide 15: Execution – Permitting process near completion
6. Execution – Permitting process near completion For personal use only Environmental and Social Impact Assessment • Final submitted in May – expect advice near term • Resettlement Policy Framework – complete and well supported within community DFS provides a number of important documents required f
Slide 16: Graphite Market – More than just batteries!
7. Graphite Market – More than just batteries! For personal use only Having products that are desirable in diverse markets is a critical risk mitigator 16
Slide 17: Graphite Market – Volume to double over next decade
7. Graphite Market – Volume to double over next decade For personal use only • Demand doubles over next decade driven by batteries • Increased demand in speciality applications • Expanded demand drives large flake and purity demand • Increased volumes needs to replace mines closing due to environmen
Slide 18: Graphite Market – Supply constraints leading to higher prices
7. Graphite Market – Supply constraints leading to higher prices For personal use only • Chinese supply constraints (environmental and reserve depletion) • Global shift from China to Africa to drive supply side • Growth in expanded application drives large flake and purity demand 18 18
Slide 19: Why Black Rock?
8. Why Black Rock? For personal use only Track record of delivering to promise Demonstrated engagement with government and community derisks project Pilot plant critically de-risks the project Pilot plant proves that at significant scale the project can deliver premium size high grade concentrat
Slide 20: 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 20
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