Nullagine Iron Ore Joint Venture Project
BKH_0032
INTEGRITY
•
MINING
•
SUCCESS
www.bciron.com.au
»
75:25
JV between BC Iron (ASX: BCI) and Fortescue Metals
Group (ASX: FMG)
»
JV uses Fortescue’s rail and port infrastructure with
>
9
Mt
shipped to date
»
BC Iron manages mining operations using contract mining
+ screening + road haulage
»
JV production forecast at 5.8 to 6.2Mt for FY14
»
Low cost life of mine C1 cash costs of $46-$50 per tonne
»
Solid balance sheet, strong operating cash flows and
regular dividends
»
Growth Strategy
»
Maximise resources at Nullagine
»
Expand footprint of BC Iron in the Pilbara
»
Strategic global partnerships in other iron ore jurisdictions
»
Highly sought after DSO
Bonnie Fines
product
»
Low environmental project risk and limited footprint
»
Transparent and collaborative
approach with local community
and heritage