Black Canyon Limited · ASX:BCA
Black Canyon — Investor Presentation (October 2024)
18 slides from Black Canyon's investor presentation, Oct 8, 2024
Slide 1: Investor Webinar Presentation
ASX: BCA 8 October 2024 Investor Webinar Presentation Australian manganese explorer and developer, Black Canyon Limited (Black Canyon or the Company) (ASX: BCA) is pleased to release the following presentation that Managing Director, Brendan Cummins presented at an Investor Webinar with Sharewise. F
Slide 2: About Black Canyon
ASX: BCA BLACKCANYON.COM.AU This announcement has been approved by the Board of Black Canyon Limited. For further details: For media and broker enquiries: Brendan Cummins Jason Mack/ Andrew Rowell Managing Director White Noise Communications Telephone: +61 8 9426 0666 Telephone: +61 8 6374 2907 Emai
Slide 3: Pilbara Focused Manganese Developer & Explorer
For personal use only Pilbara Focused Manganese Developer & Explorer October 2024 ASX:BCA Investor Presentation – Sharewise Webinar blackcanyon.com.au
Slide 4: Disclaimer & Forward-Looking Statements
Disclaimer & Forward-Looking Statements The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. The opinions and recommendations in this presentation are not intended to represen
Slide 5: Manganese Developer and Explorer
Manganese Developer and Explorer For personal use only Substantial Global MRE totaling 314 Mt @ 10.5% Mn containing 33.1 Mt Mn. Traditional manganese Scoping Study at the KR1 Exploration Targets of concentrate for the Mn and KR2 deposits 160 – 215 Mt @ 11 – 12% Mn, alloying industry. Essential for a
Slide 6: Corporate Overview
Corporate Overview ASX:BCA Graham Ascough $4.7m $1.4m $3.3m Non-Executive Chairman Geophysicist Market Cap Cash Enterprise Value Mr Ascough is a resources executive and geophysicist with more For personal use only (as at 07/10/2024) (End of June Quarter and than 30 years’ experience. He is presently
Slide 7: Manganese Fundamentals
Manganese Fundamentals World Manganese Production (2022 USGS) Essential for steel with approx. 90% used in steel manufacturing. Mn alloys are added to steel to prevent corrosion, resist abrasion, and increase hardenability. South Africa Gabon Australia China Globally 60Mt of ore traded on an ann
Slide 8: Black Canyon a Manganese focused Growth Story
Black Canyon a Manganese focused Growth Story For personal use only 2021 2022 2023 2024 Exploration Target 160–215 Mt @ 11–12% Mn Flanagan Bore MRE Battery Grade HPMSM BCA IPO May 2021 Manganese concentrate grades 104 Mt @ 10.5% Mn Achieved between 30 and 33% Mn Scoping Study confirms KR1 & KR2 Posi
Slide 9: Asset Overview – 2,100km2 of Granted Licenses
Asset Overview – 2,100km2 of Granted Licenses Balfour Mn Field - large scale manganese enriched shale hosted mineralisation Discovered and drilled out eight MRE’s – some remain open. For personal use only Multiple development options across the Balfour Mn Field with the completion of KR1 and K
Slide 10: KR1 and KR2 Scoping Study Results
KR1 and KR2 Scoping Study Results Financial Performance Summary Unit LOM Initial LOM (years) 16 Total LOM Revenue (A$ M, real) 2,781 For personal use only Total LOM EBITDA (A$ M, real) 654 NPV @ 8% - before tax (A$ M, real) 340 IRR - before tax (%, real) 70 CAPEX (A$ M, real) 84 Payback Period - bef
Slide 11: KR1 and KR2 Scoping Study Results
KR1 and KR2 Scoping Study Results Project Enhancements to reduce OPEX Operating Cashflow Mining - Soft, laminated nature of the mineralisation may be Average Annual Cashflow = $A46m For personal use only highly favorable for cost-effective strip-mining using surface miners. Processing - metallur
Slide 12: Downstream HPMSM Test Program
Downstream HPMSM Test Program Stage 1 – Evaluate Ore Suitability (2022) Initial leach tests yielded a 93% extraction rate. For personal use only Crystallised Manganese Sulphate crystals containing >32% Mn which >99% Mn Sulphate purity. Comparable to the typical 32% Mn content of battery grade HPMSM
Slide 13: Wandanya – W2 Prospect High-Grade Discovery
Wandanya – W2 Prospect (BCA 100%) High-Grade Discovery Located 80km south of Woodie Woodie – potentially same mineralising and For personal use only structural event affecting younger rocks Followed up rock chip samples that returned 52.9%, 54.3%, 53.3%, 58.5%, 57.9% and 57.8% Mn. RC drill res
Slide 14: Wandanya High-Grade Discovery
Wandanya High-Grade Discovery FROM TO THICKNESS Fe HOLE ID Mn (%) Drill intersection (m) (m) (m) (%) For personal use only 6m @ 27.7 % Mn & 2.7% Fe from 3m, including 2m @ WDRC013 3 9 6 27.7 2.7 42.9 % Mn from 6m WDRC026 0 3 3 31.7 3.0 3m @ 31.7% Mn & 3.0 % Fe from surface 5m @ 32.4% Mn & 4.4% Fe fr
Slide 15: Forward Execution Plan
Forward Execution Plan Exploration and Pre-Development For personal use only Discover global scale Mineral Resources. Assess development pathway through testwork and feasibility. Team development and project implementation plan. Ensure social license to operate through environmental approval
Slide 16: Contact
For personal use only Contact Brendan Cummins Managing Director 0400 799 756 brendan.cummins@blackcanyon.com.au ASX:BCA blackcanyon.com.au
Slide 17: Black Canyon in the Australian Manganese Landscape
Black Canyon in the Australian Manganese Landscape Largest manganese Mineral Resources Estimate in Western For personal use only Australia and second largest in Australia. All discovered by Black Canyon in the past 2 years. Three drill programs completed totalling 569 holes for 20,064m. Tonnes
Slide 18: Australian Mn Resources
Australian Mn Resources Deposit Company Tonnes (Mt) Grade Mn (%) Contained Mn (Mt) Groote Eylandt South 32 127 43.6 55.4 Balfour Mn Field Black Canyon 314 10.5 33.0 For personal use only Butcher Bird Element 25 263 9.9 26.1 Oakover Firebird Metals 176.6 9.9 17.4 Woodie Woodie Consolidated Minerals 4