Blackstone Minerals Ltd · ASX:BSX
Blackstone Minerals — Investor Presentation (May 2019)
39 slides from Blackstone Minerals's investor presentation, May 13, 2019
Slide 1: Investor Presentation (ASX: BSX) May 2019
For personal use only Investor Presentation (ASX: BSX) May 2019 Exploring Southeast Asia’s Premier Nickel Sulfide District
Slide 2: Projects Locations
Projects Locations An international portfolio of nickel, copper, cobalt & precious metals exploration projects For personal use only BC Cobalt Belt (Cobalt-Gold) Ta Khoa (Nickel-Copper-Cobalt-PGE) Middle Creek (Gold) Silver Swan South (Gold & Nickel) www.blackstoneminerals.com.au 2
Slide 3: Projects Summary
Projects Summary An international portfolio of battery & precious metals exploration projects For personal use only Ta Khoa Nickel Project (Nickel-Coper-Cobalt-PGE), Vietnam ▪ Ban Phuc Mine operated from 2013 to 2016, mining 975kt @ 2.4% Ni & 1.0% Cu for 20.7kt Ni & 10.1kt Cu1; ▪ Existing infrastruc
Slide 4: Ta Khoa Nickel Project
Ta Khoa Project Ta Khoa Nickel Project For personal use only Exploring Southeast Asia’s Premier Nickel Sulfide District Located 160km west of Hanoi in Son La Province of Vietnam, existing modern nickel mine built to Australian Standards, currently under care and maintenance; Exclusive 150km2 land pa
Slide 5: Ta Khoa Nickel Project: Located within a premier nickel sulfide district
Ta Khoa Nickel Project Located within a premier nickel sulfide district For personal use only Location ▪ The Ban Phuc deposit is located 160km west of Hanoi in the province of Son La; ▪ Access to the mine is via a sealed road from Hanoi which is approximately 240 Km; ▪ The capital of Son La province
Slide 6: Existing Modern Infrastructure Built to Australian Standards
Existing Modern Infrastructure Built to Australian Standards A modern mechanised underground nickel mine built to Australian Standards currently under care and maintenance For personal use only Existing Modern Infrastructure ▪ Internationally-designed 450ktpa processing facility connected to local h
Slide 7: Existing Modern Infrastructure Built to Australian Standards
Existing Modern Infrastructure Built to Australian Standards A modern mechanised underground nickel mine built to Australian Standards currently under care and maintenance For personal use only www.blackstoneminerals.com.au 7
Slide 8: Existing Modern Infrastructure Built to Australian Standards
Existing Modern Infrastructure Built to Australian Standards A modern mechanised underground nickel mine built to Australian Standards currently under care and maintenance For personal use only www.blackstoneminerals.com.au 8
Slide 9: Existing Modern Infrastructure Built to Australian Standards
Existing Modern Infrastructure Built to Australian Standards A modern mechanised underground nickel mine built to Australian Standards currently under care and maintenance For personal use only www.blackstoneminerals.com.au 9
Slide 10: Ban Phuc Historic Costs vs Long Term Historic Nickel Prices
Ban Phuc Historic Costs vs Long Term Historic Nickel Prices Comparison between historic operating costs at Ban Phuc nickel mine and long term historic nickel prices Ban Phuc Historic Costs1 Ban Phuc Historic Costs1 For personal use only (US$/lb Nickel Produced) (US$/lb Combined Metal Produced) Minin
Slide 11: Ta Khoa Ni-Cu-Co-PGE Project
Ta Khoa Ni-Cu-Co-PGE Project Ta Khoa Dome is prospective for multiple magmatic nickel sulfide deposits For personal use only www.blackstoneminerals.com.au 11
Slide 12: Ta Khoa Ni-Cu-Co-PGE Project
Ta Khoa Ni-Cu-Co-PGE Project Ta Khoa Dome is prospective for multiple magmatic nickel sulfide deposits For personal use only www.blackstoneminerals.com.au 12 Source: Refer to ASX Announcement 8 May 2019
Slide 13: Ta Khoa Ni-Cu-Co-PGE Project Two Styles of Mineralisation
Ta Khoa Ni-Cu-Co-PGE Project Two Styles of Mineralisation Ta Khoa Project has both high grade massive sulfide veins (MSV) and disseminated sulfides (DSS) For personal use only Disseminated Sulfide (DSS) Massive Sulfide Vein (MSV) www.blackstoneminerals.com.au 13
Slide 14: Ban Phuc Disseminated Sulfide (DSS)
Ban Phuc Disseminated Sulfide (DSS) Previous drilling indicates the Ban Phuc disseminated sulfide orebody has potential for significant tonnes at mineable grades based on historical results For personal use only www.blackstoneminerals.com.au 14 Source: Refer to ASX Announcement 8 May 2019 for full d
Slide 15: Ban Phuc Massive Sulfide Vein (MSV) Extensions
Ban Phuc Massive Sulfide Vein (MSV) Extensions Previous drilling indicates Ban Phuc may continue at depth but not directly underneath current workings due to deformation or lateral movement of the MSV (see proposed drillholes below) For personal use only www.blackstoneminerals.com.au 15
Slide 16: Ta Khoa Massive Sulfide Vein (MSV) Prospects
Ta Khoa Massive Sulfide Vein (MSV) Prospects Extensive advanced stage high grade massive sulfide vein targets Suoi Phang For personal use only ▪ 2.1 m @ 4.19% nickel, 0.36% copper & 0.14% cobalt; ▪ 1.0 m @ 5.96% nickel, 3.53% copper, 0.02% cobalt & 0.2g/t PGE; ▪ 1.0 m @ 5.98% nickel, 0.24% copper, 0
Slide 17: Ta Khoa Disseminated Sulfide (DSS) Prospects
Ta Khoa Disseminated Sulfide (DSS) Prospects Advanced stage disseminated sulfide targets Ban Khang For personal use only ▪ Located 6km northwest of Ban Phuc; ▪ Discrete magnetic anomaly consistent with a mafic or ultramafic body ~300m long with a swarm of tremolite dykes; ▪ Soil sampling and trenchi
Slide 18: Downstream Processing Opportunities
Downstream Processing Opportunities Potential to build downstream processing infrastructure to supply increasing demand from Lithium Ion battery and cathode manufacturers For personal use only Downstream Nickel Processing ▪ Previous owners completed engineering studies for a downstream nickel smelte
Slide 19: Vietnamese Mining Industry
Vietnamese Mining Industry Established mining industry with a government focussed on reform and progress For personal use only Vietnamese Mining Industry ▪ 22 open cut mines and 23 underground mines in Vietnam; ▪ Vietnamese Mining Master Plan (2020 –2035) approved by the Prime Minister in July 2018
Slide 20: BC Cobalt Project Location
BC Cobalt Project Location World class geology in a tier one mining jurisdiction For personal use only BC Cobalt Project BC Cobalt Project www.blackstoneminerals.com.au 20
Slide 21: BC Cobalt Belt Geological Setting
BC Cobalt Belt Geological Setting Dominant land position along strike from major historic gold mines For personal use only www.blackstone.com.au www.blackstoneminerals.com.au 2021 04 Source: Refer to ASX Announcement 26 July 2017 and 6 September 2017
Slide 22: Copper, Gold and Cobalt Soil Contours at BC Cobalt Project
Copper, Gold and Cobalt Soil Contours at BC Cobalt Project Multiple new targets with Copper, Gold and Cobalt soil anomalies coincident with IP signatures typical of sulfide bearing bodies For personal use only Jewel Cu – Au - Co Little Gem Co - Au Erebor Co - Au www.blackstoneminerals.com.au 22 Sour
Slide 23: IP Survey Chargeability Contours at Little Gem Prospect
IP Survey Chargeability Contours at Little Gem Prospect IP Survey confirms multiple new targets with Chargeability and Resistivity signatures typical of sulfide bearing bodies For personal use only www.blackstoneminerals.com.au 23 Source: Refer to ASX Announcement 6 September 2018
Slide 24: IP Survey Chargeability Contours at Jewel Prospect
IP Survey Chargeability Contours at Jewel Prospect IP Survey confirms multiple new targets with Chargeability and Resistivity signatures typical of sulfide bearing bodies For personal use only www.blackstoneminerals.com.au 24 Source: Refer to ASX Announcement 3 October 2018
Slide 25: Analogous to Bou-Azzer in Morocco
Analogous to Bou-Azzer in Morocco BC Cobalt geology is analogous to the world class Bou-Azzer primary Cobalt district For personal use only Bou-Azzer in Morocco has Co-Ni Arsenide deposits with Au & Ag and is currently one of the world’s only operating primary cobalt mines; Structurally controlled a
Slide 26: Bou-Azzer District vs BC Cobalt Project
Bou-Azzer District vs BC Cobalt Project Bou-Azzer is a world class mining district with over 50 Cobalt deposits and 75 years of Cobalt production and the Bridge River Mining Camp is a world class mining district which has never been explored for cobalt or base metals For personal use only Bou-Azzer
Slide 27: Silver Swan South Project
Silver Swan South Project Nearby world class gold and nickel mines For personal use only Silver Swan South Kalgoorlie Perth www.blackstoneminerals.com.au 27
Slide 28: Silver Swan South Emerging Gold Discovery
Silver Swan South Emerging Gold Discovery Along strike of the world class Kanowna Belle Gold Mine (+5 Moz gold endowment) For personal use only High priority nickel sulfide & gold targets Black Eagle Prospect ▪ 10 m @ 3.2 g/t Au from 68 m ▪ 3 m @ 3.5 g/t Au from 60 m Kanowna Belle + 5 Moz Discovery
Slide 29: Silver Swan South Gold & Nickel Targets
Silver Swan South Gold & Nickel Targets Actively exploring for gold and nickel sulfides 10 km to Silver Swan and Black For personal use only Swan Nickel Mines 166 kt Nickel High priority nickel sulfide & gold targets RIA 167: 3 m @ 3.5 g/t Au from 60 m SNAC070: 10 m @ 3.2 g/t Au from 68 m SNAC027: 3
Slide 30: Silver Swan South Nickel-Cobalt sulfides
Silver Swan South Nickel-Cobalt sulfides Nickel-Cobalt Sulfide targets at the Silver Swan South Project near Kalgoorlie, Western Australia For personal use only Black Eagle Ni-Co Black Falcon Ni-Co www.blackstoneminerals.com.au 30
Slide 31: Presentation Summary
Presentation Summary Proven track record of mineral discovery and corporate success For personal use only An international portfolio of battery and precious metals exploration projects across Australia, Canada and Southeast Asia; Ta Khoa Nickel Project has existing modern infrastructure built to Aus
Slide 32: Appendix 1: Corporate Snapshot
Appendix 1: Corporate Snapshot A tight capital structure and funded for further exploration For personal use only Substantial Shareholders ASX Code BSX Board & Management Shares on issue (including T1) 122.2m 24% Last Share Price (10 May 2019) 6.9c Market Capitalisation A$8.4m Cash at 31 March 2019
Slide 33: Appendix 2: Board & Management Team
Appendix 2: Board & Management Team Proven track record of mineral discovery and corporate success Board of Directors For personal use only Geologist with over 20 years corporate and technical experience, founder of Adamus Resources Limited, a A$3M float which became a multi-million Hamish Halliday
Slide 34: Appendix 3: Nickel & Cobalt are critical to the EV revolution
Appendix 3: Nickel & Cobalt are critical to the EV revolution Nickel & Cobalt are critical metals used in the cathode chemistry of the Lithium Ion battery For personal use only www.blackstoneminerals.com.au 34
Slide 35: Appendix 4: Class I nickel is required for batteries
Appendix 4: Class I nickel is required for batteries Greater than 50% of world nickel production is class II nickel which is not suitable for batteries For personal use only Class I nickel vs class II nickel ▪ Only class I nickel is suitable for batteries; ▪ Class II Nickel (ferronickel & nickel pig
Slide 36: Appendix 5: Cartier Nickel-Cobalt Project
Appendix 5: Cartier Nickel-Cobalt Project Early stage exploration for Voisey’s Bay style Ni-Cu-Co mineralisation For personal use only Cartier Project (Nickel & Cobalt), Québec ▪ Located 440 km north-east of Quebec City (9 km² of tenure); ▪ Historic exploration (1990’s) for Voisey’s Bay style Ni-Cu-
Slide 37: Appendix 6: Middle Creek Project
Appendix 6: Middle Creek Project Abutting Novo Resources & Millennium Minerals For personal use only Source: Refer to Prospectus dated 15 December 2016 and NI 43-101 Technical Resource Report for Beatons Creek Dated 1 October 2015 www.blackstoneminerals.com.au 37
Slide 38: Forward Looking Statement & Competent Person Statement
Forward Looking Statement & Competent Person Statement ▪ This presentation may contain certain forward looking statements and projections regarding: - estimated, resources and reserves; For personal use only - planned production and operating costs profiles; - planned capital requirements; and - pla
Slide 39: For personal use only
For personal use only Suite 3, Level 3, 24 Outram Street, West Perth, WA, 6005 T: +61 8 6425 5217 | F: +61 8 6500 9982 | E: admin@blackstoneminerals.com.au | www.blackstoneminerals.com.au Blackstone Minerals @blackstoneminerals @blackstone_BSX
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