Bci Minerals Ltd · ASX:BCI
Bci Minerals — BC Iron — Investor Presentation (April 2008)
28 slides from Bci Minerals's investor presentation, Apr 2, 2008
Slide 1: Brokers Presentation
For personal use only 02 April 2008 BROKERS PRESENTATION BC Iron Limited (ASX: BCI – “BC Iron”) is pleased to provide the Presentation to Investors to be presented to brokers and sophisticated investors during early April for its 100%-owned Nullagine Iron Ore Project in Western Australia’s Pilbara r
Slide 2: About BC Iron Limited
For personal use only About BC Iron Limited BC Iron Limited (ASX: BCI) is an emerging iron ore exploration and development company focused on Western Australia’s Pilbara region. BC Iron’s 100%-owned Nullagine Project is strategically located north east of the Cloud Break operation, part of Fortescue
Slide 3: The Time, The Place, The Metal
For personal use only The Time The Place The Metal April p 2008 Mike Young, Managing Director
Slide 4: Forward Looking Statements
Forward Looking Statements For personal use only April 2008 This release may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties an
Slide 5: Executive Summary
EXECUTIVE SUMMARY For personal use only April 2008 ASX Listed ¾ Listed ASX December 2006 – Maiden Resource Mar 2008 ¾ Major shareholders include Consolidated Minerals and Alkane Resources ¾ Capital raising $9M November 2007 – Cash on hand $10.3M Nullagine ¾ Inferred Resource 47 Mt @ 53.6% Fe includi
Slide 6: Executive Summary - Corporate
Executive Summary - Corporate For personal use only April 2008 Capital Structure Capital Structure Top Shareholders Shares on issue Number % Total Escrow Trading 35.4 Palmary Enterprises Aus - Consolidated Minerals 15.6 26% Dec 2008 Restricted 24.0 TOTAL 59 4 59.4 Alkane Resources Ltd 9.0 15% Dec 20
Slide 7: Executive Summary - Management
Executive Summary - Management For personal use only April 2008 Tony Kiernan, Chairman BC Iron Limited Management Team •Lawyer •Extensive boardroom experience Experienced management •Uranium Equities , Liontown Resources, Chalice Gold Mines, Across wide range of commodities and North Queensland Meta
Slide 8: Executive Summary - Location
Executive Summary - Location For personal use only April 2008 Nullagine Project Location ¾ Pilbara Region g – Access to Infrastructure ¾ CID suitable as direct shipping ore (“DSO”) ¾ Potential DSO operation p at Bonnie Ck CID Warrigal ¾ Low contaminants – Yandi style Outcamp ¾ High g calcined Fe % C
Slide 9: The Bonnie Creek CID Project
THE BONNIE CREEK CID PROJECT For personal use only April 2008 B Bonnie i CCreek k CID Project P j t 21Mt @ 57.3% Fe Inferred Resource & Targets ¾ DSO 28Mt @ 57.4% Fe (65.1% CaFe) ¾ CID 47Mt Mt @ 53.6% 6% F Fe (6 (61.5% % CaFe) C F ) Target ¾ Targets 15 – 25 Mt + Dandy + Upgrade 10- 15 Mt S Scoping i
Slide 10: Bonnie Creek CID Mineral Resource
Bonnie Creek CID Mineral Resource For personal use only April 2008 Bonnie i Creek k CID Project j Inferred Mineral Resource Estimate – April 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 g 55.0 DSO 7
Slide 11: Bonnie Creek CID vs Peers
Bonnie Creek CID vs Peers For personal use only April 2008 Other DSO Element BCI - BHP RIO AQA CID AGO Deposits Compound Bonnie DSO Yandi Robe R Res Est Res Est Fe 57.4 58.0 57.0 56.7 57.0 CaFe 65.1 64.2 62.8 62.1 63.7 SiO2 30 3.0 50 5.0 57 5.7 58 5.8 63 6.3 Al2O3 1.7 1.3 2.7 3.5 1.5 P 0.02 0.04 0.0
Slide 12: Bonnie Creek CID - Outcamp Prospect
Bonnie Creek CID - Outcamp Prospect For personal use only April 2008 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 • incl. 21 Mt @ 57.3% Fe DSO ¾ Low strip ratio ¾ Mesa-style mineralisation 10
Slide 13: Bonnie Creek CID - Outcamp Prospect
Bonnie Creek CID - Outcamp Prospect For personal use only April 2008 801,000E 802,000E 803,000E 804,000E 805,000E 7,562,000N 7,561,000N 20 x vertical exaggeration 11
Slide 14: Bonnie Creek CID - Outcamp Prospect
Bonnie Creek CID - Outcamp Prospect For personal use only April 2008 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 57.3 57 3 64.9 49 3.19 3 9 1.72 7 0.016 0.017 7 11.8 •View looking north •20 x vertical i l exaggeration i 12
Slide 15: Bonnie Creek CID – Warrigal Well Prospect
Bonnie Creek CID – Warrigal Well Prospect For personal use only April 2008 807,000E 808,000E Warrigal Well CID ¾ Recent discovery east of Outcamp 11m @ 58 58.3% 3% Fe 7,563,000N ¾ Target 10 – 15 Mt 13m @ 58.3% Fe ALL INTERSECTIONS ¾ Up to 27 m intersection CID FROM SURFAICE 11m @ 58.4% Fe ¾ 7.2 km c
Slide 16: Bonnie Creek CID – Warrigal Well Prospect
Bonnie Creek CID – Warrigal Well Prospect For personal use only April 2008 807,000E 808,000E 11m @ 58.3% Fe 7,563,000N 13m @ 58.3% Fe 11m @ 58.4% Fe 11m @ 58.0% Fe 11m @ 59% Fe 11m @ 58.3% Fe 17m @ 54.3% Fe 7,562,000N 15m @ 55.5% Fe 14
Slide 17: Shaw River CID
Shaw River CID For personal use only April 2008 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 18: Channel Iron Deposits
Channel Iron Deposits For personal use only April 2008 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 19: Channel Iron Deposits
Channel Iron Deposits For personal use only April 2008 Modern day da channel - New Ne Zealand 17
Slide 20: Channel Iron Deposits
Channel Iron Deposits For personal use only April 2008 Sh River Shaw Ri M Mesa 18
Slide 21: Channel Iron Deposits – Minerals and “CaFe”
Channel Iron Deposits – Minerals and “CaFe” CaFe For personal use only April 2008 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 igniti
Slide 22: Iron Ore Deposits of WA
Iron Ore Deposits of WA For personal use only April 2008 Iron Ore CID Bedded Mt BIF Comparison Deposits Yandi, Robe R Newman, FMG Karara, Sth Down Nullagine Tom Price Dom mineral Goethite Hematite Magnetite Ore Grade Fe% ~57% 58-63% ~35% Upgrade DSO DSO > 65% CaFe 4 ~64% ~65% 5 - Contaminants Al, Si
Slide 23: Fortescue MOU
FORTESCUE MOU For personal use only April 2008 FMG MOU ¾ Facilitation of negotiation over bulk commodity transport 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 To seek terms w
Slide 24: Development Plan
DEVELOPMENT PLAN For personal use only April 2008 Timing ¾ Inferred Resource Completed ¾ Baseline Environmental Surveys Commenced ¾ Scoping Study Bonnie Creek CID June Qtr 2008 ¾ Recommence drilling April 2008 ¾ Indicated + Measured Resource December Qtr 2008 ¾ Feasibility Study Commence Late 2008 t
Slide 25: Development Timetable
Development Timetable For personal use only April 2008 IIndicative di ti Ti Timetable t bl Dec‘07 Mar ‘08 Jun ‘08 Sep '08 Dec '08 Mar'09 Jun ‘09 Drilling Inferred Resource Scoping Study Ind + Meas Resource Enviro Surveys Feasibility 23
Slide 26: Investment Opportunity
INVESTMENT OPPURTUNITY For personal use only April 2008 Near Term 9 Pilbara iron ore junior explorer 9 100 % ownership - flexible off-take/marketing options ¾ BC Iron maintains control 9 Maiden JORC Resource – 28 Mt DSO 9 Scoping p g Studyy 3 3-5Mtpa 5 p DSO – underway y 9 Upside with progress - Mar
Slide 27: Iron Ore Investors Check List
Iron Ore Investors Check List For personal use only April 2008 “Fill Fill in the blanks .... ....” Iron Ore Investor’s Checklist COMPANY BCI Hematite Yes Si Simple l orebody b d Yes Direct Shipping Ore Yes Capex/Opex / Low Simple infrastructure Yes Access to a port1 Yes Transport to port1 Yes Ship l
Slide 28: Mike Young, Managing Director
For personal use only Mike Young, Managing Director 26