Investor Presentaiton
Funding Provided By Iron Valley Royalty
BCI
MINERALS
LIMITED
Royalty payments provide funding support for Mardie construction
Quarterly royalty earnings from operating agreement with
Mineral Resources Ltd (ASX: MIN)
■ Iron Valley royalty earnings forecast to provide additional
funding to first Project debt drawdown 1H 2023
■ 68Mt Reserves¹; Potential mine life of ~10 years
■ Since first production in 2014:
IRON VALLEY MINE
-
BCI received revenue: $490M
-
BCI received EBITDA: $170M
-
Average 6.4Mtpa shipped
-
55% lump ore; 59% Fe average
■ Record BCI EBITDA of $69.5M in FY21; $17.1M in Q1 FY22
KEY IRON VALLEY PARAMETERS DETERMINING EBITDA TO BCI²
Iron Ore Price (CFR 62% Fe, US$/dmt)
Annual EBITDA
(A$M)
80
100
120
140
5.0
5
11
20
37
Tonnes Shipped
(Mt, wet)
5.5
6
12
22
40
40
6.0
6
13
24
44
6.5
7
14
26
48
48
7.0
7
15
28
51
¹Refer BCI announcement dated 12 October 2021 "Iron Valley Mineral Resources and Ore Reserves" 2Based on AUD:USD of 0.73, 23% product discount to CFR 62% Fe price (based on 25
current pricing), freight rate of US$20/dmt (based on current vessels and rates)View entire presentation