Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Investor Presentation (June 2008)
24 slides from Bci Minerals's investor presentation, Jun 18, 2008
Slide 1: Mining in the Pilbara
For personal use only The Time The Place The Metal Mining in the Pilbara June 2008 Mike Young, Managing Director
Slide 2: Forward Looking Statements
Forward Looking Statements For personal use only This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. events Forward-looking statements are necessarily subject to risks, risks uncertainties
Slide 3: Executive Summary
EXECUTIVE SUMMARY For personal use only ASX Listed ¾ Listing on ASX December 2006 to Maiden Resource March 2008 – 15 months ¾ Major shareholders include Consolidated Minerals and Alkane Resources ¾ Cash on hand $9.5M Nullagine ¾ Inferred Resource 28 Mt @ 57.4% Fe at Bonnie Creek Project ¾ Exploratio
Slide 4: Executive Summary - Corporate
Executive Summary - Corporate For personal use only Capital Structure Top Shareholders Number % Total Escrow Shares on issue Trading 35.4 15.6 26% Dec 2008 Consolidated Minerals Restricted 24.0 Alkane Resources Ltd 9.0 15% Dec 2008 TOTAL 59.4 UBS Wealth Management 4.9 8.2% Options 4.3 1.75 TOTAL 24.
Slide 5: Executive Summary - Location
Executive Summary - Location For personal use only P j Project L Locations i ¾ Pilbara Region Nullagine Project ¾ Close to infrastructure ¾ 35 km north of Fortescue’s Christmas Creek Operation ¾ Low strip ratio Bungaroo Creek Project ¾ Adjacent Rio’s Rio s Bungaroo CID ¾ EL Applications ¾ Grass root
Slide 6: Executive Summary - Location: Nullagine Project
Executive Summary - Location For personal use only N ll i Nullagine P Project j t Bonnie Creek CID ¾ 28 Mt DSO 57% Fe (65% CaFe) ¾ 47 Mt CID @ 54% Fe (60% CaFe) ¾ Plant site lies 35 km from Christmas Ck (FMG) ¾ 5 DSO Prospects - only two at JORC Status Nullagine River CID ¾ Potential for satellite d
Slide 7: The Bonnie Creek CID Project
THE BONNIE CREEK CID PROJECT For personal use only I f Inferred d Resource R &T Targets t 21Mt @ 57.3% Fe ¾ DSO 28Mt @ 57.4% Fe (65.1% CaFe) ¾ CID 47Mt @ 53.6% Fe (61.5% CaFe) ¾ T Targets t 15 – 30 Mt DSO Target 15- 20 Mt Scoping Study 7Mt @ 57.8% Fe ¾ Due for release June Quarter Target 5 - 10 Mt ¾
Slide 8: Bonnie Creek CID Mineral Resource
Bonnie Creek CID Mineral Resource For personal use only Bonnie i Creek k CID Project j Inferred Mineral Resource Estimate – March 2008 DSO Resource Estimate Prospect COG1 Zone Mt Fe CaFe SiO2 Al2O3 P S LOI1000 Outcamp 55.0 DSO 20.6 57.3 64.9 3.18 1.70 0.016 0.017 11.8 Coongan 55.0 DSO 7.4 57.8 65.5
Slide 9: Bonnie Creek vs Peers
Bonnie Creek vs Peers For personal use only Other DSO Element BCI CID BHP CID RIO CID AQA CID AGO Deposits Compound Bonnie Ck Yandi Robe R W Pilbara Pardoo Fe 57.4 58.0 57.0 56.7 57.0 CaFe 65.1 64.2 62.8 62.1 62.5 SiO2 30 3.0 50 5.0 57 5.7 58 5.8 68 6.8 Al2O3 1.7 1.3 2.7 3.5 1.9 P 0.02 0.04 0.04 0.0
Slide 10: Bonnie Creek CID - Outcamp Prospect
Bonnie Creek CID - Outcamp Prospect For personal use only 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N Scale 500 m Outcamp Well ¾ 36 Mt @ 53.5% Fe CID ¾ incl. 21 Mt @ 57.3% Fe DSO ¾ Low strip ratio ¾ Outcropping mineralisation 11
Slide 11: Bonnie Creek CID - Outcamp Prospect
Bonnie Creek CID - Outcamp Prospect For personal use only 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N 20 x vertical exaggeration 12
Slide 12: Bonnie Creek CID - Outcamp Prospect
Bonnie Creek CID - Outcamp Prospect For personal use only Inferred Resource Outcamp Well Zone Mt Fe CaFe SiO2 Al2O3 P S LOI CID 35.9 53.5 61.3 5.03 3.34 0.017 0.018 12.7 DSO 20 6 20.6 57 3 57.3 64 9 64.9 3 19 3.19 1 72 1.72 0 016 0.016 0 017 0.017 11 8 11.8 View looking north 20 x vertical i l exagg
Slide 13: Bonnie Creek CID – Warrigal Well Prospect
Bonnie Creek CID – Warrigal Well Prospect For personal use only 807,000E 808,000E Warrigal Well CID ALL INTERSECTIONS ¾ Directly east of Outcamp Well FROM SURFACE 11m @ 58 58.3% 3% Fe ¾ Target 10 – 15 Mt 7,563,000N ¾ Up to 27 m intersection CID 13m @ 58.3% Fe ¾ 7.2 km combined length 11m @ 58.4% Fe
Slide 14: Shaw River CID
Shaw River CID For personal use only Shaw River CID ¾ Med grade CID 763,000E • High CaFe Detrital ¾ Detrital Deposits p • Low cost mining CID ¾ Potential source of upgrade ore ¾ Simple upgrade 764,000E 7,553,000N 7,554,000N 7,555,000N 15
Slide 15: Channel Iron Deposits
Channel Iron Deposits For personal use only Formation of CID Iron enrichment Iron bearing rock Steep terrain – rapid erosion Laterite Development Detritals Modern Creek Advanced erosion – channel fill Modern Day Erosion 16
Slide 16: Channel Iron Deposits
Channel Iron Deposits For personal use only Modern day da channel - New Ne Zealand 17
Slide 17: Channel Iron Deposits
Channel Iron Deposits For personal use only Sh River Shaw Ri M Mesa 18
Slide 18: Channel Iron Deposits – Minerals and “CaFe”
Channel Iron Deposits – Minerals and “CaFe” CaFe For personal use only Iron ore Magnetite Original Assay Minerals ¾ Fe3O4 58% Fe ¾ 72% Fe & 28% O 10% LOI ¾ Pellets Hematite ¾ F 2O3 Fe Sintering ¾ 70% Fe & 30% O Calcination Volatiles off 1400°C H2O C CO2 ¾ Lump / Fines LOI = Loss on ignition Goethite
Slide 19: Typical Iron Ore Deposits
Typical Iron Ore Deposits For personal use only Iron Ore Comparison CID Bedded Mt BIF Yandi, Robe R Newman, FMG Deposits Nullagine Tom Price Karara, Sth Down Dom mineral Goethite Hematite Magnetite Ore Grade Fe% ~57% 58-63% ~30% Upgrade DSO DSO > 65% CaFe ~64% 64% ~65% 65% - Contaminants Al, Si Al,
Slide 20: Infrastructure Solutions
INFRASTRUCTURE SOLUTIONS For personal use only Fortescue ¾ MOU - negotiation g over bulk commodityy transport p Chichester operations to Port Hedland ¾ Provides rail loading, haulage, port handling and ship loading services ¾ Agreed rate of up to 5 Mtpa DSO – no blending at port ¾ Parties to conside
Slide 21: Conceptual Development Plan
CONCEPTUAL DEVELOPMENT PLAN For personal use only Timing ¾ Baseline Environmental Surveys Commenced ¾ Recommence drilling Commenced ¾ Scoping Study Bonnie Creek CID June Qtr 2008 ¾ Indicated + Measured Resource Second half 2008 ¾ Heritage Surveys – Palyku Second Half 2008 ¾ Feasibility Study Commenc
Slide 22: Investment Opportunity
INVESTMENT OPPORTUNITY For personal use only Near Term 9 Pilbara iron ore junior developer 9 100 % ownership - flexible off-take/marketing options 9 M id JORC Resource Maiden R – 28 Mt @ 57.4% 4% F Fe ◦ upside with lower specifications 9 Targeting additional 30 Mt DSO 9 Scoping Study 3 - 5Mtpa – und
Slide 23: Iron Ore Investors Check List
Iron Ore Investors Check List For personal use only “Fill Fill in the blanks . . . . ..” Iron Ore Investor’s Checklist COMPANY BC Iron Hematite Yes Simple orebody Yes Direct Shipping Ore Yes Low Capex/Opex Yes Simple infrastructure Yes Access to a port1 Yes Transport to port1 Yes Ship loading at por
Slide 24: For personal use only
For personal use only Mike Young, Managing Director 25