Slide 1: Mahenge: Best in Class Graphite Project
For personal use only MAHENGE BEST IN CLASS GRAPHITE PROJECT Mining Journal Conference June 2019 (Amended July 2019) 1
Slide 2: Disclaimer
Disclaimer For personal use only The release, publication or distribution of this presentation in COMPETENT PERSONS certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, The information in this report that relates to Expl
Slide 3: Table of contents
Table of contents For personal use only Corporate Overview 4 Black Rock Mining 6 Why Graphite ? 7 Redefining the Road to Production 8 Enhancing the DFS 9 Financing Mahenge 10 Tanzania Normalising 11 Why invest in Black Rock 12 Summary 13 3
Slide 4: Corporate overview
Corporate overview For personal use only Black Rock Mining Limited is an Australian based company listed on the Australian ASX Ticker BKT Securities Exchange (ASX:BKT) with a 100% Share Price (as at 19 June 2019) A$0.097 interest in the Mahenge Graphite Project Shares on Issue 538.5m located in Tanz
Slide 5: Leadership
Leadership Black Team Corporate Rock Mining For personal use only JOHN DE VRIES RAYMOND HEKIMA JEFF DAWKINS RICHARD CROOKES CEO, Vice President – Chief Financial Officer Non-Executive Executive Director Corporate (Tanzania) & Joint Co-Secretary Chairman Mining Engineer with over 35 Holding qualifica
Slide 6: Mahenge - Unique Geology and Geography
Black Rock Mining For personal use only MAHENGE - Unique Geology and Geography • No overprint mineralisation results in industries highest and cleanest graphite concentrate • Large flake distribution places product in uncontested and multiple markets • Large deposit results in intergenerational mine
Slide 7: Why Graphite?
Why Graphite? For personal use only • Demand for energy storage and expanded applications is likely to Growing demand double volumes over next decade • In the expandable market, Clean Production urbanization and building renovation are driving demand for large flake and purity products EV & Batterie
Slide 8: Redefining the Road to Production
Redefining the Road to Production For personal use only Engineering approach to eliminating risks drive strong economics which underpin the financing process(s) Scoping Worlds first Mining Licence Offtake Pricing Study 99.1% TGC Pilot Plant granted Framework Purity Mar 2016 Jun 2016 May 2018 Feb 201
Slide 9: Enhancing the DFS
Enhancing the DFS Mahenge Graphite DFS Financial Metrics * For personal use only Black Rock DFS Financial Metrics Value Post-tax, unlevered NPV10 US$895m Post-tax, unlevered IRR 42.80% Capex for Phase One (83k tonnes per annum) US$115m AISC margin 63.6% Average steady state production rate 250k tonn
Slide 10: Financing Mahenge
Financing Mahenge For personal use only Blended finance model is designed to leverage project advantages and match risks to participants who are best placed to manage it Geological Advantages Highest grade concentrate and flake size distribution Product Value Options considered Metallurgical Bond pe
Slide 11: Tanzania - Normalizing
Tanzania – Normalizing For personal use only Continued political and socioeconomic stability • Nedbank agrees to fund Strandline mineral sands – subject to CP • Export of processed minerals clarified • Mining licences granted • National banking laws consistent with Francophone Africa 11
Slide 12: Why invest in Black Rock?
Why invest in Black Rock Mining ? For personal use only The best undeveloped graphite project globally driven by geology and geography, which delivers a unique product that is suitable for multiple market segments and is uncontested in the high grade sectors Highest grade concentrate and flake size
Slide 13: Summary
Summary For personal use only GROWING BKT WELL EXCEPTIONAL MARKET POSITIONED ECONOMICS * • Significant growth • Geographical • Construction opportunities across advantages drive a underwritten by Offtake Electric Vehicles, Clean lower production cost commitments Energy and Battery base underpinned w
Slide 14: For personal use only
For personal use only 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.au ej@blackrockm
Slide 15: 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 For personal use only 100% interest in the Mahenge Graphite Project (the "Project") located in Tanzania. The Project has a JORC compliant Mineral