A Tanzanian Graphite Company

Transcription

1 A Tanzanian Graphite Company Gabriel Chiappini, Director ANNUAL GENERAL MEETING 2015 INVESTOR PRESENTATION

2 Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions. DISCLAIMER This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to investors meeting strict suitability requirements. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. In providing this presentation Black Rock has not considered the financial position or needs of the recipient. Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors. FORWARD LOOKING STATEMENTS Various statements in this presentation constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. Words such as anticipates, expects, intends, plans, believes, seeks, estimates and similar expressions are intended to identify forward-looking statements. Black Rock caution shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Black Rock only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. COMPETENT PERSON The information in this report that relates to Exploration Results is based on information compiled by Steven Tambanis, who is a member of the AusIMM. He is an employee of Black Rock Mining Limited. Steven Tambanis has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 and 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Steven Tambanis consents to the inclusion in the report of the matters based on their information in the form and context in which it appears, including the exploration target assessment, reported by BKT on 19October EXPLORATION TARGET The Exploration Target s potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a mineral resource and it is uncertain if further exploration will result in the estimation of a mineral resource.

3 Corporate Overview Capital Structure Share Price $0.06 Shares on Issue 228,952,506 Quoted Options on Issue 1 40,145,000 Market Capitalisation $13.7M Cash in Bank $1.3M 1. All options ex. $0.05 on or before 25 March Per Quarterly Cash Flow report September 2015 quarterly report and prior to placement announced on 29-Oct-2015 Board and Management Stephen Copulos (Chairman) +30 years experience across a wide range of industries including mining, manufacturing, property, fast food and hospitality. Chairman of Crusader Resources Limited (ASX:CAS) and Consolidated Zinc Limited (ASX:CZL) Steve Tambanis (Managing Director) Geologist with extensive commercial and operational experience in the resources industry including business development roles at WMC Resources. Gabriel Chiappini (Director & Company Secretary) Chartered Accountant and member of Australian Institute of Company Directors with extensive experience as Director and Company Secretary to ASX listed companies. Director of Fastbrick Robotics Ltd (ASX:FBR), Sunbird Energy Ltd (ASX:SNY) and Global Geoscience Ltd (ASX:GSC) Cygnet Capital (Corporate Advisor)

4 A Tanzanian Graphite Company Two excellent projects Mahenge will deliver a resource Bagamoyo is a large graphite system Proven Board and Exploration Team Multiple new discoveries Mahenge Exploration Target*: 84Mt % % TGC Mahenge Prospects Significant News Flow 40 drill holes to be completed by the end of 2015 Exploration underway at new Bagamoyo discovery Maiden Mahenge resource upon completion of current infill drilling *The Exploration Target s potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a mineral resource and it is uncertain if further exploration will result in the estimation of a mineral resource.

5 Graphite Portfolio Mahenge Project Large tonnage and high grade potential Initial assays from the Cascade and Ulanzi prospects indicate graphitic structures >10% TGC. Significant to achieving lower costs of production Exploration Target*: 84Mt % % TGC utilising the Ulanzi, Cascade and Epanko North prospects only 80 drill holes completed since January 2015 additional 40 holes by end of 2015 Bagamoyo Option A new ultra coarse flake graphite discovery in Tanzania Low cost production and premium price potential Ideally located 125km to port within developed infrastructure corridor Project is early stage however a 1km outcropping zone is being drilled, together with other occurrences within an extensive tenure package *Refer to Exploration Target Statement on Page 4

6 Mahenge Project 680km 2 of tenure compiled since July 2014 Exploration Target*: 84Mt - 8% % TGC Additional 40 drill holes to be completed by the end of 2015 Priority focus within four zones: Ulanzi: Current drilling Programme with resource expected early 2016 Cascade: Current drilling programme Epanko North: Maiden resource due early 2016 Kituti: Drilled Feb 2015 Green zones represent mapped graphite bearing lode structures within the Mahenge north tenement *Refer to Exploration Target Statement on Page 4

7 Ulanzi Prospect New discovery with consistent grade/ thickness over 5.5km of strike 17 drill holes completed with assays confirming +10% TGC potential: 8.50% TGC inc. 12m@ 14.00% (DD14) 10.40% TGC inc. 8m@ 13.81% (RC50) 9.25% TGC inc. 10m@ 16.32% (RC48) Maiden resource expected early 2016 additional 40 drill holes planned Exploration target: 41Mt - 52Mt at 9.36% % TGC *Refer to Exploration Target Statement on Page 4

8 Ulanzi Prospect cont d New discovery with consistent grade and thickness over 5.5km of strike 17 drill holes completed in preliminary drill programme with assays confirming +10% TGC potential: 8.50% TGC inc. 12m@ 14.00% (DD14) 10.40% TGC inc. 8m@ 13.81% (RC50) 10.25% TGC inc. 20m@ 14.58% (RC57) Maiden resource expected early 2016 Exploration target: 41Mt - 52Mt at 9.36%-10.42% TGC Currently being infill drilled in anticipation of announcing a JORC resource 40 drill holes *Refer to Exploration Target Statement on Page 4

9 Cascade Prospect Mineralised envelope >1km strike x 200m-400m width 4 drill holes completed. Consistent +10% TGC intervals: 88m@ 9.68% inc. 44m@ 11.09% (RC41) 60m@ 10.00% inc. 22m@ 11.46% (RC42) 98m@ 9.82% inc. 40m@ 10.18% (RC43) 98m@ 9.04% inc. 62m@ 10.07% (RC44) Exploration target: 22Mt - 30Mt at 9.25%-10.41% TGC Follow up drilling planned *Refer to Exploration Target Statement on Page 4

10 Epanko North Prospect Two graphite lodes along the same northsouth trending lode structures as KNL s 22.8Mt Epanko orebody 5,000m of drilling completed with best intersections of: 8.05% TGC inc. 64m@ 8.54% (RC27) 8.84% TGC inc. 36m@ 10.27% (RC28) JORC resource expected by end of 2015 Exploration Target: 21Mt - at grade range of 5.85% % TGC Baseline environmental and metallurgical testwork underway Scoping study planned to commence shortly *Refer to Exploration Target Statement on Page 4

11 Bagamoyo Option: Jumbo Flake Discovery 1,116km 2 tenure under option with another 1,000km 2 recently optioned Exceptionally coarse flake graphite, typically 2-7mm flake with >10mm flake observed - premium pricing/t potential to comparably finer flake deposits Mineralisation mapped from surface, outcropping over a 3.5km strike at Central lode. 4 additional outcrops found. Wami lode is 7km in strike length Infrastructure corridor - rail, road and power within tenure 125kms by road from Dar es Salaam export port potentially lower capex / opex Drilling underway at Central zone

12 Bagamoyo Prospect cont d 3.5km x 700m zone of outcropping graphitic gneiss at Central lode. 7km outcrop mapped at Wami lode Bedding is flat lying to gently dipping with shallow creeks and low hills Initial exploration underway: Mapping and sampling of outcropping discovery zone 3,500m x 700m. Determined drill locations. Ground and airborne EM to planned define other graphitic structures within tenure Additional targets located 1km west and 7km north-east of discovery zone Drilling underway

13 Bagamoyo: Infrastructure Corridor

14 Metallurgical Test Work Extensive metallurgical test work programme underway with results expected in December Formal programme to evaluate Epanko and Ulanzi lodes 500kg, 29% TGC bulk sample from Ulanzi north being processed to make flake concentrates for further evaluation and marketing. Bagamoyo outcrop sample being tested for flake characterisation

15 Strategic Development Exploration Development Construction & Production Tenure Acquisition Metallurgical testwork Project Execution Plan Community engagement Pre-feasibility study Financing Commence exploration Environmental studies Construction Maiden drill programme Offtake marketing Infill drill Epanko North Plant design & logistics Drill Ulanzi and Cascade Government approvals Initial Bagamoyo Exploration Full feasibility Study Resource Delineation Maiden JORC resource 0-6 Months 6-18 Months Months = underway

16 ASX Peer Comparison Company Market Cap ($M) Resource Size (Mt) Grade (TGC%) Cont. Graphite (Mt) Type Resource Category (JORC) Project Location Syrah Resources (SYR) 707 1, % 117 Flake Measured, Ind, Inf Mozambique Triton Minerals (TON) 83 1, % Flake Indicated, Inferred Mozambique Magnis Resources (MNS) % 8.10 Flake Measured, Ind, Inf Tanzania Black Rock Mining (BKT) 14 * * - Flake Tanzania Sovereign Metals (SVM) % 5.50 Flake Indicated, Inferred Malawi Kibaran Resources (KNL) % 2.20 Flake Measured, Ind, Inf Tanzania IMX Resources (IXR) % 0.98 Flake Indicated, Inferred Tanzania Talga Resources (TLG) % 1.85 amorph Indicated, Inferred Sweden Lamboo Resources (LMB) % 0.33 Flake Indicated, Inferred Australia (WA) Archer Exploration (AXE) % 0.40 Flake Measured, Ind, Inf Australia (SA) Valence Industries (VXL) % 0.35 Flake Indicated, Inferred Australia (SA) Lincoln Minerals (LML) % 0.33 Flake Indicated, Inferred Australia (SA)

17 Summary Black Rock Mining is delivering shareholder upside through discovering and the subsequent development of its graphite resources Tenure is highly prospective with an Exploration Target*: 84Mt % % TGC at Mahenge New discoveries Ulanzi and Cascade to underpin the bulk of graphite resource at the Mahenge Project Currently drilling Ulanzi with the intention of announcing a Mahenge JORC resource by early 2016 Metallurgical testwork underway and the development assessment process has started A highly experienced and competent exploration team on the ground drilling and delivering results The Bagamoyo graphite discovery offers significant upside potential. Drilling is underway *Refer to Exploration Target Statement on Page 4

18 Thank You for your Attendance at Black Rock Mining s 2015 AGM, Shepparton Victoria Mr. Steven Tambanis Mr Gabriel Chiappini Managing Director Director Office: st@blackrockmining.com.au gabriel@laurus.net.au