This corporate presentation outlines a compelling investment opportunity in an emerging iron ore company. The company has acquired two large iron ore deposits located in Ukraine that contain over 700 million tonnes of iron ore resources. The deposits have excellent infrastructure access and are located near key markets and labour. The company plans to produce iron ore pellets by 2015-2016, which command a higher price than fines. Management has significant experience developing and operating large iron ore mines.
- An emerging iron ore company presents its corporate overview and Shymanivske project in Ukraine.
- The Shymanivske project has a large NI 43-101 compliant iron ore resource of 345Mt measured and indicated at 31.83% iron, and additional inferred resources.
- The project is in a major historic iron ore district in Ukraine near infrastructure and markets, and adjacent to a large producing mine owned by ArcelorMittal.
This presentation provides an overview of an investment opportunity in Black Iron Inc., an iron ore exploration and development company. Black Iron holds two iron ore properties in Ukraine with a large NI 43-101 compliant resource estimate. The properties have potential for resource expansion and are located near existing infrastructure including roads, rail, ports and steel mills which are key advantages for project development and access to target markets in Europe and Asia. A feasibility study is underway to advance the project and evaluate conventional processing methods to produce high quality iron ore products.
An emerging iron ore company presents details on its Shymanivske Project in Ukraine. The project has a large NI 43-101 compliant iron ore resource of 345Mt measured and indicated at 31.83% iron, and 469Mt inferred at 31.05% iron. The project benefits from proximity to infrastructure and markets, and is located in a major historic iron ore production district. The company aims to produce 10Mtpa of iron ore pellets by 2015-2016.
This presentation provides an overview of Black Iron Inc., a company that owns two iron ore properties in Ukraine that represent a compelling investment opportunity. The properties have a large NI 43-101 compliant iron ore resource near existing infrastructure. Black Iron has completed a bankable feasibility study indicating high margins due to low costs from nearby infrastructure, labor, and tax advantages. The properties are located in a major iron ore region close to European and Asian markets.
The presentation summarizes a compelling investment opportunity in Black Iron's iron ore deposits in Ukraine. It highlights the large measured and indicated resource of 646 million tonnes at 31.6% iron, the excellent infrastructure including proximity to rail, ports and a skilled workforce, and the potential to produce high quality 68% iron ore concentrate. The project is backed by experienced management and board with successful track records developing other major iron ore mines.
This presentation provides an overview of Black Iron's compelling investment opportunity in iron ore. Black Iron holds two iron ore properties in Ukraine with a large NI 43-101 compliant resource totaling over 645 million tonnes. The project benefits from excellent infrastructure access being located near the city of Kryviy Rih and state-owned rail lines. A feasibility study is underway to develop a conventional flowsheet to produce a high quality iron ore product. The project is backed by a successful team with experience developing large iron ore mines.
This presentation provides an overview of Black Iron's compelling investment opportunity in iron ore mining in Ukraine. It highlights Black Iron's large, high-quality iron ore deposits near existing infrastructure, including proximity to rail lines and ports. The presentation also summarizes Black Iron's management team's experience developing other major iron ore projects and outlines the company's plans to complete a feasibility study and advance its projects towards production.
This corporate presentation from Black Iron Inc. summarizes their compelling investment opportunity in iron ore in Ukraine. Black Iron owns the large Shymanivske iron ore deposit which has over 645 million tonnes of resources. They have completed a positive feasibility study showing strong economics for a 9.9 million tonne per year operation. Key advantages are access to existing infrastructure for power, rail and port, as well as a skilled local workforce. The project is located near other producers in a major iron ore district. Black Iron believes they have all the fundamentals in place for a successful low cost project and that the deposit has potential for resource expansion.
- An emerging iron ore company presents its corporate overview and Shymanivske project in Ukraine.
- The Shymanivske project has a large NI 43-101 compliant iron ore resource of 345Mt measured and indicated at 31.83% iron, and additional inferred resources.
- The project is in a major historic iron ore district in Ukraine near infrastructure and markets, and adjacent to a large producing mine owned by ArcelorMittal.
This presentation provides an overview of an investment opportunity in Black Iron Inc., an iron ore exploration and development company. Black Iron holds two iron ore properties in Ukraine with a large NI 43-101 compliant resource estimate. The properties have potential for resource expansion and are located near existing infrastructure including roads, rail, ports and steel mills which are key advantages for project development and access to target markets in Europe and Asia. A feasibility study is underway to advance the project and evaluate conventional processing methods to produce high quality iron ore products.
An emerging iron ore company presents details on its Shymanivske Project in Ukraine. The project has a large NI 43-101 compliant iron ore resource of 345Mt measured and indicated at 31.83% iron, and 469Mt inferred at 31.05% iron. The project benefits from proximity to infrastructure and markets, and is located in a major historic iron ore production district. The company aims to produce 10Mtpa of iron ore pellets by 2015-2016.
This presentation provides an overview of Black Iron Inc., a company that owns two iron ore properties in Ukraine that represent a compelling investment opportunity. The properties have a large NI 43-101 compliant iron ore resource near existing infrastructure. Black Iron has completed a bankable feasibility study indicating high margins due to low costs from nearby infrastructure, labor, and tax advantages. The properties are located in a major iron ore region close to European and Asian markets.
The presentation summarizes a compelling investment opportunity in Black Iron's iron ore deposits in Ukraine. It highlights the large measured and indicated resource of 646 million tonnes at 31.6% iron, the excellent infrastructure including proximity to rail, ports and a skilled workforce, and the potential to produce high quality 68% iron ore concentrate. The project is backed by experienced management and board with successful track records developing other major iron ore mines.
This presentation provides an overview of Black Iron's compelling investment opportunity in iron ore. Black Iron holds two iron ore properties in Ukraine with a large NI 43-101 compliant resource totaling over 645 million tonnes. The project benefits from excellent infrastructure access being located near the city of Kryviy Rih and state-owned rail lines. A feasibility study is underway to develop a conventional flowsheet to produce a high quality iron ore product. The project is backed by a successful team with experience developing large iron ore mines.
This presentation provides an overview of Black Iron's compelling investment opportunity in iron ore mining in Ukraine. It highlights Black Iron's large, high-quality iron ore deposits near existing infrastructure, including proximity to rail lines and ports. The presentation also summarizes Black Iron's management team's experience developing other major iron ore projects and outlines the company's plans to complete a feasibility study and advance its projects towards production.
This corporate presentation from Black Iron Inc. summarizes their compelling investment opportunity in iron ore in Ukraine. Black Iron owns the large Shymanivske iron ore deposit which has over 645 million tonnes of resources. They have completed a positive feasibility study showing strong economics for a 9.9 million tonne per year operation. Key advantages are access to existing infrastructure for power, rail and port, as well as a skilled local workforce. The project is located near other producers in a major iron ore district. Black Iron believes they have all the fundamentals in place for a successful low cost project and that the deposit has potential for resource expansion.
Black Iron February 2017 Corporate Presentationblackiron
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a bankable feasibility study showing a large resource of over 645 million tonnes, low capital and operating costs, secured infrastructure access, and attractive project economics with an after-tax IRR of 39% and NPV of $2.6 billion. The presentation outlines Black Iron's strategy to finalize project funding through equity investment, debt financing, and off-take agreements to advance the project towards production.
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in an iron ore project in Ukraine. Key points include:
- Black Iron has completed a positive bankable feasibility study for its Shymanivske iron ore project in Ukraine, which shows potential for high value, low cost production.
- The project has a large mineral resource, access to key infrastructure like rail and port, and is located near existing producers and markets.
- The presentation highlights the project's economics from the feasibility study, including annual production of 9.9 million tonnes of 68% iron concentrate and attractive financial metrics.
This document provides an overview of an investment opportunity in Black Iron Inc. (TSX: BKI), an iron ore exploration and development company. Black Iron owns two iron ore properties in Ukraine that contain over 646 million tonnes of measured and indicated resources at 31.6% iron concentration, as well as additional inferred resources. The company has completed a bankable feasibility study showing a 9.2 million tonne high-grade concentrate project with a NPV of $3.5 billion and 45.9% IRR. Black Iron has an experienced management team with a track record of success in the iron ore industry. The project benefits from excellent infrastructure access in Ukraine and potential for resource expansion through further drilling.
Black Iron Corporate Presentation January 2014blackiron
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred, with potential for expansion. A bankable feasibility study shows the project could produce 9.9Mtpa of 68% Fe concentrate with an after-tax IRR of 48% and break even price of $54/t. Black Iron has secured major local partner Metinvest, Ukraine's largest mining and steel company, who will fund half of project construction costs estimated between $250-500M. The project benefits from excellent infrastructure including access to rail, port, roads
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred, with potential for expansion. A bankable feasibility study shows the project could produce 9.9Mtpa of 68% Fe concentrate with a pre-tax NPV of US$3.3B and IRR of 48% at a cash cost of $54/t. Black Iron has excellent local infrastructure access and a major development partnership with Metinvest, Ukraine's largest mining and steel company. The management team has a proven track record of success in the Canadian and
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred, access to excellent nearby infrastructure including rail, port and electricity, and support from major Ukrainian company Metinvest who has committed to financing half of project construction costs estimated between $250-500M. A bankable feasibility study shows the potential for a low cost, high quality 9.9Mtpa iron ore concentrate operation with a pre-tax NPV of $3.3B and IRR of 48% at a price of $60/tonne. The project
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred, with potential for expansion. A bankable feasibility study shows the project could produce 9.9Mtpa of high-grade 68% Fe concentrate with low operating costs. Black Iron has strategic local partners in Metinvest, Ukraine's largest mining and steel company, who will provide half the funding for project construction. The project benefits from excellent infrastructure access for transportation of the iron ore product.
This corporate presentation from Black Iron Inc. outlines an investment opportunity in iron ore mining in Ukraine. Key points include:
- Black Iron has a sizable mineral resource at its Shymanivske project in Ukraine, including 646 million tonnes measured and indicated at 32% iron and 188 million tonnes inferred at 30% iron.
- A bankable feasibility study shows potential to produce 9.9 million tonnes per year of 68% iron concentrate with a pre-tax NPV of $3.3 billion and IRR of 48% at a break-even price of $54 per tonne.
- Black Iron has major advantages for the project including access to skilled labor, infrastructure, and development
This corporate presentation from Black Iron Inc. outlines an investment opportunity in an iron ore project located in Ukraine. The project has a large NI 43-101 compliant iron ore resource and benefits from excellent infrastructure access, including proximity to markets, skilled labor, rail, ports and surplus electricity. A bankable feasibility study shows potential for a high-grade, low-cost operation with strong project economics, including a NPV of $3.5 billion and 45.9% IRR. The project is backed by a experienced management team with a track record of success in the iron ore industry.
This document provides an overview of Black Iron Inc.'s Shymanivske iron ore project in Ukraine. Some key points:
- Black Iron has defined a large NI 43-101 compliant iron ore resource at its Shymanivske deposit of 646Mt measured and indicated grading 31.6% Fe and 188Mt inferred grading 30.1% Fe.
- A bankable feasibility study outlines plans to produce 9.9Mtpa of 68% Fe concentrate with a pre-tax NPV of US$3.3B and IRR of 48% at a break even price of $54/t after tax.
- Major development partner Metinvest will invest up to US$
This corporate presentation from Black Iron Inc. outlines an investment opportunity in an iron ore project located in Ukraine. Key points include:
- The project has a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred located near existing producers.
- It has excellent infrastructure access including roads, power, rail, and ports providing access to European and Middle Eastern markets.
- A bankable feasibility study shows potential to produce 9.2Mtpa of high grade 68% Fe concentrate with low operating costs and strong project economics.
- Major development partner Metinvest will provide half of project construction financing and offers offtake agreements and local expertise to de-risk
The document is a corporate presentation for Black Iron Inc. (TSX: BKI) outlining an investment opportunity in their Shymanivske iron ore project located in Ukraine. Some key points:
- The project has a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred located near existing infrastructure.
- A 2014 bankable feasibility study showed the project could produce 9.9Mtpa of high-grade 68% Fe concentrate with an NPV of $2.6B and IRR of 39%.
- The project benefits from close access to rail, ports, roads, power and a skilled local workforce in a major iron ore district
This corporate presentation from Black Iron Inc. outlines an investment opportunity in an iron ore project located in Ukraine. Key points include:
- The project has a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred located near existing producers.
- It has excellent infrastructure access including roads, power, rail, and ports providing access to European and Middle Eastern markets.
- A bankable feasibility study shows potential to produce 9.2Mtpa of high grade 68% Fe concentrate with low operating costs and strong project economics.
- Major development partner Metinvest will provide half of project construction financing and offers offtake agreements and local expertise to de-risk
This document provides an overview of an iron ore investment opportunity presented by Black Iron Inc. Key points include:
- Black Iron has a large iron ore resource in Ukraine and a bankable feasibility study for its Shymanivske project showing potential for 9.9Mtpa of high-grade concentrate production.
- It has strategic partnerships with Metinvest, Ukraine's largest mining and steel company, for project financing and off-take.
- The project benefits from excellent infrastructure access and a skilled local workforce in the major iron ore region of Kryvyi Rih, Ukraine.
- Black Iron aims to become a low-cost producer and sees potential to expand resources through further exploration.
This document provides an overview of an investment opportunity in Black Iron Inc. (TSX: BKI), an iron ore exploration and development company. Black Iron is developing the Shymanivske iron ore project in Ukraine which has over 646 million tonnes of iron ore resources. A bankable feasibility study shows the project could produce 9.9 million tonnes per year of high-grade iron ore concentrate with strong economics, including an IRR of 48%. Black Iron has key advantages for the project including access to skilled labor, infrastructure, and partnerships with local companies. It is positioned to become a leading supplier of iron ore to European and global steel markets.
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in an iron ore project in Ukraine. Black Iron has completed a positive bankable feasibility study for its flagship Shymanivske iron ore deposit, which shows potential to produce 9.9 million tonnes per year of high-grade iron ore concentrate and pellets with low operating costs. The project benefits from access to existing infrastructure for rail, port and electricity, as well as a skilled local workforce. Black Iron also has the support of Ukraine's largest company, Metinvest, which has committed to financing half of project construction costs and will be a major off-take partner.
Crk presentation may 30 2011 final v001 k1a3x2Crocodile Gold
Crocodile Gold is an Australian gold producer with multiple mining assets and exploration potential. In 2011, the company expects to produce 85,000-100,000 ounces of gold at a cash cost of $875-$975 per ounce. Production will come from both open pit and underground mines, including initial ore from the Cosmo underground mine starting in mid-2011. Crocodile Gold has mineral reserves of over 660,000 ounces and total resources exceeding 5.5 million ounces located near infrastructure in the Northern Territory of Australia.
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in the company's iron ore projects in Ukraine. Black Iron has two projects, Shymanivske and Zelenivske, that have a large NI 43-101 compliant resource of over 600 million tons at 32% iron content. A bankable feasibility study showed the Shymanivske project could produce 9.2 million tons of iron concentrate annually with a NPV of $3.5 billion and IRR of 45.9%. The projects are located near existing iron ore mines and infrastructure in Ukraine. Black Iron believes it has advantages over other iron ore developments due to the projects' access to skilled labor, infrastructure, and proximity to markets in
Corporate Presentation - September 1, 2013blackiron
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project in Ukraine. Key points include:
- Black Iron has completed a positive bankable feasibility study for their Shymanivske project showing potential to produce 9.2 million tonnes per year of high-grade iron ore concentrate with strong economics.
- The project benefits from excellent local infrastructure and a skilled workforce in Ukraine. Major development partner Metinvest will fund up to $535 million for project construction.
- Black Iron has a large mineral resource at their project and additional exploration potential. Management has successful experience developing other large iron ore mines.
- The company currently has over $4 million
Corporate Presentation - September 1, 2013blackiron
Black Iron is developing the Shymanivske iron ore project in Ukraine. It has completed a bankable feasibility study showing potential production of 9.2 million tonnes per year of 68% Fe concentrate with a pre-tax NPV of $3.5 billion and IRR of 45.9%. The project benefits from excellent infrastructure including access to rail, ports, power and a skilled workforce. Black Iron has also secured a major development partner in Metinvest, Ukraine's largest mining and steel company. The project has a large NI 43-101 compliant resource of 646 million tonnes measured and indicated and additional exploration potential.
Corporate Presentation - September 1, 2013blackiron
Black Iron is developing the Shymanivske iron ore project in Ukraine. It has completed a bankable feasibility study showing potential production of 9.2 million tonnes per year of 68% Fe concentrate with a pre-tax NPV of $3.5 billion and IRR of 45.9%. The project benefits from excellent infrastructure including access to rail, ports, power and a skilled workforce. Black Iron has also secured a major development partner in Metinvest, Ukraine's largest mining and steel company. The project has a large NI 43-101 compliant resource of 646 million tonnes measured and indicated and additional exploration potential.
- An emerging iron ore company presents its corporate overview, highlighting its Shymanivske iron ore project located in Ukraine which hosts a large NI 43-101 compliant resource.
- The project is in a major historic iron ore producing district surrounded by other operating mines, with good existing infrastructure.
- The company aims to advance the project through further exploration and studies to production by 2015-2016, targeting the growing global demand for iron ore.
Black Iron February 2017 Corporate Presentationblackiron
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a bankable feasibility study showing a large resource of over 645 million tonnes, low capital and operating costs, secured infrastructure access, and attractive project economics with an after-tax IRR of 39% and NPV of $2.6 billion. The presentation outlines Black Iron's strategy to finalize project funding through equity investment, debt financing, and off-take agreements to advance the project towards production.
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in an iron ore project in Ukraine. Key points include:
- Black Iron has completed a positive bankable feasibility study for its Shymanivske iron ore project in Ukraine, which shows potential for high value, low cost production.
- The project has a large mineral resource, access to key infrastructure like rail and port, and is located near existing producers and markets.
- The presentation highlights the project's economics from the feasibility study, including annual production of 9.9 million tonnes of 68% iron concentrate and attractive financial metrics.
This document provides an overview of an investment opportunity in Black Iron Inc. (TSX: BKI), an iron ore exploration and development company. Black Iron owns two iron ore properties in Ukraine that contain over 646 million tonnes of measured and indicated resources at 31.6% iron concentration, as well as additional inferred resources. The company has completed a bankable feasibility study showing a 9.2 million tonne high-grade concentrate project with a NPV of $3.5 billion and 45.9% IRR. Black Iron has an experienced management team with a track record of success in the iron ore industry. The project benefits from excellent infrastructure access in Ukraine and potential for resource expansion through further drilling.
Black Iron Corporate Presentation January 2014blackiron
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred, with potential for expansion. A bankable feasibility study shows the project could produce 9.9Mtpa of 68% Fe concentrate with an after-tax IRR of 48% and break even price of $54/t. Black Iron has secured major local partner Metinvest, Ukraine's largest mining and steel company, who will fund half of project construction costs estimated between $250-500M. The project benefits from excellent infrastructure including access to rail, port, roads
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred, with potential for expansion. A bankable feasibility study shows the project could produce 9.9Mtpa of 68% Fe concentrate with a pre-tax NPV of US$3.3B and IRR of 48% at a cash cost of $54/t. Black Iron has excellent local infrastructure access and a major development partnership with Metinvest, Ukraine's largest mining and steel company. The management team has a proven track record of success in the Canadian and
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred, access to excellent nearby infrastructure including rail, port and electricity, and support from major Ukrainian company Metinvest who has committed to financing half of project construction costs estimated between $250-500M. A bankable feasibility study shows the potential for a low cost, high quality 9.9Mtpa iron ore concentrate operation with a pre-tax NPV of $3.3B and IRR of 48% at a price of $60/tonne. The project
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project located in Ukraine. Key highlights include a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred, with potential for expansion. A bankable feasibility study shows the project could produce 9.9Mtpa of high-grade 68% Fe concentrate with low operating costs. Black Iron has strategic local partners in Metinvest, Ukraine's largest mining and steel company, who will provide half the funding for project construction. The project benefits from excellent infrastructure access for transportation of the iron ore product.
This corporate presentation from Black Iron Inc. outlines an investment opportunity in iron ore mining in Ukraine. Key points include:
- Black Iron has a sizable mineral resource at its Shymanivske project in Ukraine, including 646 million tonnes measured and indicated at 32% iron and 188 million tonnes inferred at 30% iron.
- A bankable feasibility study shows potential to produce 9.9 million tonnes per year of 68% iron concentrate with a pre-tax NPV of $3.3 billion and IRR of 48% at a break-even price of $54 per tonne.
- Black Iron has major advantages for the project including access to skilled labor, infrastructure, and development
This corporate presentation from Black Iron Inc. outlines an investment opportunity in an iron ore project located in Ukraine. The project has a large NI 43-101 compliant iron ore resource and benefits from excellent infrastructure access, including proximity to markets, skilled labor, rail, ports and surplus electricity. A bankable feasibility study shows potential for a high-grade, low-cost operation with strong project economics, including a NPV of $3.5 billion and 45.9% IRR. The project is backed by a experienced management team with a track record of success in the iron ore industry.
This document provides an overview of Black Iron Inc.'s Shymanivske iron ore project in Ukraine. Some key points:
- Black Iron has defined a large NI 43-101 compliant iron ore resource at its Shymanivske deposit of 646Mt measured and indicated grading 31.6% Fe and 188Mt inferred grading 30.1% Fe.
- A bankable feasibility study outlines plans to produce 9.9Mtpa of 68% Fe concentrate with a pre-tax NPV of US$3.3B and IRR of 48% at a break even price of $54/t after tax.
- Major development partner Metinvest will invest up to US$
This corporate presentation from Black Iron Inc. outlines an investment opportunity in an iron ore project located in Ukraine. Key points include:
- The project has a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred located near existing producers.
- It has excellent infrastructure access including roads, power, rail, and ports providing access to European and Middle Eastern markets.
- A bankable feasibility study shows potential to produce 9.2Mtpa of high grade 68% Fe concentrate with low operating costs and strong project economics.
- Major development partner Metinvest will provide half of project construction financing and offers offtake agreements and local expertise to de-risk
The document is a corporate presentation for Black Iron Inc. (TSX: BKI) outlining an investment opportunity in their Shymanivske iron ore project located in Ukraine. Some key points:
- The project has a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred located near existing infrastructure.
- A 2014 bankable feasibility study showed the project could produce 9.9Mtpa of high-grade 68% Fe concentrate with an NPV of $2.6B and IRR of 39%.
- The project benefits from close access to rail, ports, roads, power and a skilled local workforce in a major iron ore district
This corporate presentation from Black Iron Inc. outlines an investment opportunity in an iron ore project located in Ukraine. Key points include:
- The project has a large NI 43-101 compliant iron ore resource of 646Mt measured and indicated and 188Mt inferred located near existing producers.
- It has excellent infrastructure access including roads, power, rail, and ports providing access to European and Middle Eastern markets.
- A bankable feasibility study shows potential to produce 9.2Mtpa of high grade 68% Fe concentrate with low operating costs and strong project economics.
- Major development partner Metinvest will provide half of project construction financing and offers offtake agreements and local expertise to de-risk
This document provides an overview of an iron ore investment opportunity presented by Black Iron Inc. Key points include:
- Black Iron has a large iron ore resource in Ukraine and a bankable feasibility study for its Shymanivske project showing potential for 9.9Mtpa of high-grade concentrate production.
- It has strategic partnerships with Metinvest, Ukraine's largest mining and steel company, for project financing and off-take.
- The project benefits from excellent infrastructure access and a skilled local workforce in the major iron ore region of Kryvyi Rih, Ukraine.
- Black Iron aims to become a low-cost producer and sees potential to expand resources through further exploration.
This document provides an overview of an investment opportunity in Black Iron Inc. (TSX: BKI), an iron ore exploration and development company. Black Iron is developing the Shymanivske iron ore project in Ukraine which has over 646 million tonnes of iron ore resources. A bankable feasibility study shows the project could produce 9.9 million tonnes per year of high-grade iron ore concentrate with strong economics, including an IRR of 48%. Black Iron has key advantages for the project including access to skilled labor, infrastructure, and partnerships with local companies. It is positioned to become a leading supplier of iron ore to European and global steel markets.
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in an iron ore project in Ukraine. Black Iron has completed a positive bankable feasibility study for its flagship Shymanivske iron ore deposit, which shows potential to produce 9.9 million tonnes per year of high-grade iron ore concentrate and pellets with low operating costs. The project benefits from access to existing infrastructure for rail, port and electricity, as well as a skilled local workforce. Black Iron also has the support of Ukraine's largest company, Metinvest, which has committed to financing half of project construction costs and will be a major off-take partner.
Crk presentation may 30 2011 final v001 k1a3x2Crocodile Gold
Crocodile Gold is an Australian gold producer with multiple mining assets and exploration potential. In 2011, the company expects to produce 85,000-100,000 ounces of gold at a cash cost of $875-$975 per ounce. Production will come from both open pit and underground mines, including initial ore from the Cosmo underground mine starting in mid-2011. Crocodile Gold has mineral reserves of over 660,000 ounces and total resources exceeding 5.5 million ounces located near infrastructure in the Northern Territory of Australia.
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in the company's iron ore projects in Ukraine. Black Iron has two projects, Shymanivske and Zelenivske, that have a large NI 43-101 compliant resource of over 600 million tons at 32% iron content. A bankable feasibility study showed the Shymanivske project could produce 9.2 million tons of iron concentrate annually with a NPV of $3.5 billion and IRR of 45.9%. The projects are located near existing iron ore mines and infrastructure in Ukraine. Black Iron believes it has advantages over other iron ore developments due to the projects' access to skilled labor, infrastructure, and proximity to markets in
Corporate Presentation - September 1, 2013blackiron
This corporate presentation from Black Iron Inc. outlines an investment opportunity in their Shymanivske iron ore project in Ukraine. Key points include:
- Black Iron has completed a positive bankable feasibility study for their Shymanivske project showing potential to produce 9.2 million tonnes per year of high-grade iron ore concentrate with strong economics.
- The project benefits from excellent local infrastructure and a skilled workforce in Ukraine. Major development partner Metinvest will fund up to $535 million for project construction.
- Black Iron has a large mineral resource at their project and additional exploration potential. Management has successful experience developing other large iron ore mines.
- The company currently has over $4 million
Corporate Presentation - September 1, 2013blackiron
Black Iron is developing the Shymanivske iron ore project in Ukraine. It has completed a bankable feasibility study showing potential production of 9.2 million tonnes per year of 68% Fe concentrate with a pre-tax NPV of $3.5 billion and IRR of 45.9%. The project benefits from excellent infrastructure including access to rail, ports, power and a skilled workforce. Black Iron has also secured a major development partner in Metinvest, Ukraine's largest mining and steel company. The project has a large NI 43-101 compliant resource of 646 million tonnes measured and indicated and additional exploration potential.
Corporate Presentation - September 1, 2013blackiron
Black Iron is developing the Shymanivske iron ore project in Ukraine. It has completed a bankable feasibility study showing potential production of 9.2 million tonnes per year of 68% Fe concentrate with a pre-tax NPV of $3.5 billion and IRR of 45.9%. The project benefits from excellent infrastructure including access to rail, ports, power and a skilled workforce. Black Iron has also secured a major development partner in Metinvest, Ukraine's largest mining and steel company. The project has a large NI 43-101 compliant resource of 646 million tonnes measured and indicated and additional exploration potential.
- An emerging iron ore company presents its corporate overview, highlighting its Shymanivske iron ore project located in Ukraine which hosts a large NI 43-101 compliant resource.
- The project is in a major historic iron ore producing district surrounded by other operating mines, with good existing infrastructure.
- The company aims to advance the project through further exploration and studies to production by 2015-2016, targeting the growing global demand for iron ore.
This document provides an overview of an investment opportunity in Black Iron Inc., an iron ore exploration and development company. Some key points:
- Black Iron is developing the Shymanivske iron ore deposit in Ukraine which has over 600 million tonnes of resources. A feasibility study shows the potential for a 9.9 million tonne per year operation with strong economics.
- The project benefits from excellent infrastructure access, including secured rail capacity, port access, and a letter of intent for power. It is located near other producers in a major iron ore district.
- A development agreement is in place with Metinvest, Ukraine's largest steel and mining company, which will fund half of project construction costs estimated at
This presentation provides an overview of an investment opportunity in an iron ore development company. Key points include:
- The company has a large, high-quality iron ore deposit in Ukraine with excellent infrastructure access.
- Nearby markets in Europe and Asia provide opportunities for high margins.
- Technical studies show strong project economics, with potential NPV over $3 billion.
- The company has an experienced management team and recently completed an IPO to fund further development.
This corporate presentation from Black Iron Inc. outlines an investment opportunity in an iron ore project in Ukraine. Key points include:
- Black Iron has secured infrastructure access including rail, port capacity, electricity, and a skilled local workforce, which are two of the most challenging risks for iron ore project development.
- A bankable feasibility study shows the Shymanivske project could produce 9.9 million tonnes per year of high-grade iron ore concentrate with an after-tax NPV of $2.6 billion and IRR of 39%.
- The project has a large NI 43-101 compliant resource of 646 million tonnes measured and indicated and 188 million tonnes inferred, and potential
This presentation provides an overview of Black Iron Inc.'s investment opportunity in iron ore mining in Ukraine. It summarizes the company's Shymanivske iron ore project which has over 645 million tonnes of measured and indicated resources at over 31% iron content, as well as an additional 188 million tonnes of inferred resources. The presentation highlights the project's excellent infrastructure access via rail, ports, roads and electricity, its proximity to skilled labor, and management's experience developing other large iron ore mines.
This presentation provides an overview of Black Iron Inc.'s investment opportunity in its Shymanivske iron ore project located in Kryviy Rih, Ukraine. The project has a large NI 43-101 compliant resource of 646 million tonnes measured and indicated at 31.6% iron and additional inferred resources. The project benefits from excellent infrastructure access including roads, rail, ports and power. A bankable feasibility study outlines a 9.2 million tonne high-grade concentrate operation with an NPV of $3.5 billion and IRR of 45.9%. Black Iron is led by a management team with extensive experience developing and operating large iron ore mines.
This presentation provides an overview of Black Iron Inc.'s investment opportunity in iron ore mining in Ukraine. It summarizes Black Iron's Shymanivske iron ore project which has over 646 million tonnes of measured and indicated resources at 31.6% iron, as well as nearby infrastructure including roads, rail, ports and a skilled workforce. The presentation highlights Black Iron's management team which has experience developing other large iron ore mines and outlines the project's potential for growth and competitive economics.
This document provides an overview of an investment opportunity in Black Iron Inc., an iron ore exploration and development company. Black Iron is developing the Shymanivske iron ore project located in Ukraine. Key highlights include:
- The Shymanivske project has a large NI 43-101 compliant resource of 646 million tonnes measured and indicated at 31.6% Fe and 188 million tonnes inferred at 30.1% Fe.
- A bankable feasibility study shows the potential for a 9.2 million tonne per annum iron ore concentrate operation with strong economics, including a pre-tax NPV of $3.5 billion and IRR of 45.9%.
- The
This corporate presentation from Black Iron Inc. outlines an investment opportunity in an iron ore project located in Ukraine. Key points include:
- Black Iron's flagship Shymanivske project has large mineral resources, positive feasibility study economics, and access to existing infrastructure for rail, port and utilities.
- The project benefits from proximity to markets in Europe and Asia and a location in a major iron ore district of Ukraine.
- Black Iron has the required permits and is advancing the project, highlighting potential for resource expansion and low development risks relative to other geographies.
- Ukraine provides a mining-friendly jurisdiction with potential for closer European integration and a skilled workforce for the industry.
An emerging iron ore company presents details on its Shymanivske and Zelenivske iron ore projects in Ukraine. The projects have a combined NI 43-101 compliant resource of 345 million tonnes measured and indicated at 31.83% iron and 469 million tonnes inferred at 31.05% iron. The projects are located in the established Krivoy Rog iron ore district of Ukraine near existing infrastructure and the large ArcelorMittal iron ore mine, demonstrating the potential for further exploration and development in the region.
This presentation provides an overview of Black Iron Inc.'s investment opportunity in iron ore assets located in Ukraine. It summarizes that Black Iron has two iron ore properties, Shymanivske and Zelenivske, with a NI 43-101 compliant resource at Shymanivske of 646 million tonnes measured and indicated at 31.6% iron, plus 188 million tonnes inferred at 30.1% iron. The presentation highlights the project's proximity to infrastructure including roads, rail, power and ports, as well as an experienced management team with success developing other large iron ore mines.
This corporate presentation from Black Iron Inc. summarizes an investment opportunity in an iron ore project in Ukraine. Black Iron has secured key infrastructure access through letters of intent for electricity, natural gas, rail transport, and port access. It has a large iron ore resource at its flagship Shymanivske project, located near existing producers. A bankable feasibility study shows the project could produce 9.9 million tonnes of iron ore concentrate annually with attractive economics. Black Iron believes the project benefits from Ukraine's skilled workforce and proximity to European and Asian markets.
1. Black Iron is an emerging iron ore company that acquired two projects, Shymanivske and Zelenivske, located in Ukraine's major iron ore district near existing infrastructure.
2. The Shymanivske project has a NI 43-101 compliant resource of 345Mt measured and indicated resource at 31.83% iron and additional 469Mt inferred resource.
3. Black Iron plans to produce 10Mtpa of 65% iron pellets by mid-2015, capitalizing on Ukraine's status as a mining friendly country and the global growth in iron ore demand.
This presentation provides an overview of Black Iron Inc., a company developing an iron ore project in Ukraine. Key points include:
- Black Iron has significant infrastructure advantages for its Ukrainian project, including access to power, rail, port, and a skilled local workforce.
- A bankable feasibility study showed the project could produce 9.9 million tonnes per year of iron ore concentrate, with an after-tax NPV of $2.6 billion and IRR of 39% at an after-tax break even price of $54 per tonne.
- The project has a large NI 43-101 compliant mineral resource of 646 million tonnes measured and indicated at 32% Fe, and 188 million
This presentation provides an overview of an investment opportunity in an iron ore development company. It describes the company's large, high-quality iron ore deposits located near infrastructure in Ukraine. Studies show the project has compelling economics, with an after-tax NPV over $3 billion and IRR over 35% based on preliminary economic assessments. The management team has experience creating value at other resource companies. The company currently trades on the TSX and has a sound capital structure with over 140 million shares outstanding and low debt.
This document provides an overview of an investment opportunity in Black Iron Inc., an iron ore mining company with a project in Ukraine. Key points include:
- Black Iron has completed a positive feasibility study for its Shymanivske project in Ukraine, outlining a 9.9M tonne per year operation with attractive economics.
- The project benefits from excellent existing infrastructure access for rail, port and power, as well as a skilled local workforce.
- Metinvest, Ukraine's largest mining and steel company, has agreed to provide up to 50% of project financing.
- Black Iron has secured key permits and land use rights, and its management team has extensive experience developing iron ore projects.
This document provides an overview of an investment opportunity in Black Iron Inc., an iron ore mining company with projects in Ukraine. It summarizes the company's key assets including its Shymanivske deposit which has over 600 million tons of reserves grading over 30% iron. It also details the positive economics from a feasibility study including annual production of 10 million tons and strong financial metrics. Additionally, it outlines Black Iron's major partnership with Metinvest, Ukraine's largest mining and steel company, which will provide significant financing and off-take for the project.
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20110901 bki corp_pres
1. A Compelling Iron Ore Investment Opportunity
Corporate Presentation
September 2011
TSX: BKI
2. Disclaimer
Forward Looking Statement
TSX: BKI
This Presentation contains „„forward-looking information‟‟ which may include, but is not limited to, statements with respect to the future financial or operating performance of the
Company and its subsidiaries (collectively, the „„Company‟‟) and its mineral projects; the future prices of metals; the anticipated results of exploration activities; the estimation of mineral
resources; the realization of mineral resource estimates; capital, development, operating and exploration expenditures; costs and timing of the development of the Company‟s mineral
properties; timing of future exploration; requirements for additional capital; government regulation of mining operations; anticipated results of economic and technical studies;
environmental matters; reclamation expenses; title disputes or claims; limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters.
Often, but not always, forward-looking information can be identified by the use of words and phrases such as „„plans‟‟, „„expects‟‟, „„is expected‟‟, „„budget‟‟, „„scheduled‟‟, „„estimates‟‟,
„„forecasts‟‟, „„intends‟‟, „„anticipates‟‟, or „„believes‟‟ or variations (including negative variations) of such words and phrases, or state that certain actions, events or results „„may‟‟,
„„could‟‟, „„would‟‟, „„might‟‟ or „„will‟‟ be taken, occur or be achieved.
Forward-looking information is based on the opinions and estimates of management as of the date such statements are made and is based on information currently available to management
and upon what management believes to be reasonable assumptions, including, among others, that general business, economic, competitive, political and social uncertainties remain
favorable; that actual results of exploration activities justify further studies and development of the Company‟s mineral projects; that the future prices of metals, and iron ore in particular,
remain at levels that justify the exploration and future development and operation of the Company‟s mineral projects; that ore body quality and characteristics remain as anticipated; that
there is no failure of plant, equipment or processes to operate as anticipated; that accidents, labour disputes and other risks of the mining industry do not occur; that the jurisdictions in
which the Company operates remain politically stable; that there are no unanticipated delays in obtaining governmental approvals or financing or in the completion of future studies,
development or construction activities; that the actual costs of exploration, and studies remain within budgeted amounts; that regulatory and legal requirements required for exploration or
development activities do not change in any adverse manner, as well as those factors discussed in the section entitled „„Risk Factors‟‟ in this Final Prospectus of the Company dated March
16, 2011 or as may be identified in the Company‟s public disclosure from time to time, as filed under the Company‟s profile on SEDAR at www.sedar.com.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the Company has attempted to identify
important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors that cause such
actions, events or results to differ from those anticipated, estimated or intended. Any inaccuracy in the assumptions identified above may also cause actual actions, events or results to
differ materially from those described in the forward-looking information.
Forward-looking information contained herein is made as of the date of this Presentation and the Company disclaims any obligation to update any forward-looking information, whether as a
result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that such forward-looking information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, potential investors should not place undue
reliance on forward-looking information.
This Presentation does not constitute an offer to sell, or solicitation of an offer to buy, any securities by any person in any jurisdiction in which it is unlawful for such person to make such an
offering or solicitation. No representation or warranty, express or implied, is made as to the accuracy or completeness of the information set out herein, and nothing contained herein is, or
shall be relied upon, as a promise or representation, whether as to the past or future.
2
3. Solid Fundamentals for Success
A High-Quality Iron Ore Development Opportunity
TSX: BKI
Good access to skilled labour, power, rail & ports
Exceptional • 35km from city of Kryviy Rih (pop. 750k); paved road to site
Infrastructure • 2 km from state-owned rail and power lines with surplus capacity & five
deep water ports accessible by rail (140-515km)
Large iron ore deposit with NI 43-101 compliant resource*
• Two properties held – Shymanivske & Zelenivske
Sizable • Shymanivske - 345 Mt Measured & Indicated resource @ 31.83% iron;
Resource additional 469 Mt of Inferred resource @ 31.05% iron, which will be
concentrated to ~65% iron
• Potential for resource expansion by further drilling of both deposits
Project located in Kryviy Rih, Ukraine; one of the world’s major iron
Close to ore districts
Target Markets • Close to target markets: W.Europe, Turkey, Russia, Asia and Middle East
• Surrounded by 7 other operating iron ore mines
Compelling High margins due to close proximity to multiple steel mills, relative
Economics labour cost advantage and favourable corporate tax rate of 16%
• Plan to produce iron ore pellets which are a premium product
Skilled Experienced management team with history of creating value for
Management shareholders of Consolidated Thompson, RioTinto and Ferrexpo
* Resource estimate compiled using historic Soviet data by Hugues de Corta of Genivar, who is a qualified person as defined by NI 43-101 3
4. Black Iron at a Glance
An Emerging Iron Ore Company
TSX: BKI
• Company formed to acquire property in one of world‟s major iron ore districts
− Acquired 100% interest in two projects located in the Krivoy Rog Iron Basin in central Ukraine
− Excellent access to skilled labour as properties only 35km away from city of 750,000 people
• Extensive past exploration by agencies of the ex-Soviet Government
− 37,000 meters of diamond drilling & Soviet engineering studies completed
− A further 6,700 meters of confirmatory twin hole drilling completed by Black Iron in 2011
Scoping study/PEA on track for Q4, 2011 completion
Sufficient rail, port and power capacity for project confirmed
• Targeting pellet production (~65% iron) by mid/late 2015
− Pellets (a premium product) command a $35/t higher price long-term over the fines benchmark price
Black Iron
4
5. Key Management and Ukraine Advisory Board
Strong Industry and Relevant Experience
TSX: BKI
Matt Simpson Former General Manager Mining for the Iron Ore Company of Canada, a RioTinto subsidiary, accountable
President, CEO and to safely move ~70MTpa of material through cost effective management of over 600 employees
Director Previously worked for Hatch consulting, designing and building metallurgical refineries globally
George Mover Former Project General Director of Ferrexpo Yeristovo Mining, a Ferrexpo AG subsidiary, where he led the
COO development of an open pit iron ore mine and refinery slated to produce 10Mtpa of pellets in Ukraine
Significant mining experience with posts across many former Soviet countries and in North America
Paul Bozoki Over 15 years of accounting, tax and corporate finance experience in Canada and Eastern Europe
CFO including former CFO of CD Capital Partners, a privately held real estate development company operating
in the former Soviet Union including Ukraine
Aaron Wolfe Finance and advisory professional with experience from Mercer, Orion Securities and Macquarie Canada
VP Corp Development
Ukraine Advisory Board
Daniel Bilak Partner at the international law firm CMS Cameron McKenna LLP and Head of their Infrastructure &
Property Practice Group in Kyiv, Ukraine
From 1997 to 2001, and again in 2005 to 2006, served as a Senior Governance Advisor to the Government
of Ukraine providing policy advice on judicial reform, rule of law and anti-corruption issues
Jaroslav Kinach Ukraine Country Head of the European Bank of Reconstruction (EBRD) from Jan 1995 to Nov 1999
Former Advisor to the Prime Minister of Ukraine under a special technical assistance project arranged by
the Canadian International Development Agency
Igor Buchatskiy Former Director of Smart-Holding, a leading Ukraine-focused private investment group owned by a
wealthy Ukrainian national
Former General Manager, International Business Development for ArcelorMittal S.A., where he spent a
year evaluating acquisition opportunities across CIS nations
5
6. Board of Directors
Direct Iron Ore Experience and Political Connections
TSX: BKI
Bruce Humphrey Mining Engineer with over 35 years experience with major companies including President and Chief
Chairman Executive Officer of Desert Sun Mining Corp. and Chief Operating Officer of Goldcorp Inc.
Previously served as Chairman of Consolidated Thompson Iron Mines
Jaroslav Kinach Ukraine Country Head of the European Bank of Reconstruction (EBRD) from Jan 1995 to Nov 1999
Director Former Advisor to the Prime Minister of Ukraine under a special technical assistance project arranged by
the Canadian International Development Agency
Chris Westdal Over 30 years diplomatic experience leading international missions, delegations and negotiations
Director Canadian Ambassador to Ukraine from 1996 to 1998 and to Russia from 2003 to 2006
Pierre Pettigrew Distinguished career as a Canadian Federal Cabinet Minister including as Minister of Foreign Affairs,
Director Minister of International Trade, Minister of Intergovernmental Affairs, and a number of others
John Detmold Chairman and founder of Invecture Group, S.A. de C.V. an asset management, private equity fund and
Director M&A advisory firm - successfully pursued hostile takeover of Frontera Copper Corporation
Dave Porter Over 33 years of experience in the mining and steel sector in operations, safety, health, sustainable
Director development, communications and community relations
Most recently VP Government Affairs at Rio Tinto’s Iron Ore Company of Canada mine
6
7. Capital Structure
Attractive Valuation
TSX: BKI
Financing Details Capital Structure
• Completed an Initial Public Offering (IPO) on
Shares Outstanding
March 29, 2011 139.4 million
(Basic)
– $38.5 million @ $1.40 per share Warrants Outstanding(1) 3.3 million
Stock Options Outstanding(2) 5.1 million
• Previously completed $31 million in Share Compensation Plan(3) 3.0 million
financings to fund acquisition
Fully-Diluted Shares 150.8 million
Market Cap(4) ~US$128 million
Current Cash Balance(4) ~US$35.0 million
Debt Balance(4) nil
1. 1,626,000 warrants exercisable at $0.50 per share, and 1,653,312 warrants exercisable at $1.40 per share.
2. 5,050,000 options granted March 29, 2011 at $1.40 per share to Directors, Executives, Employees and Consultants pursuant to the stock option plan.
3. 3,000,000 shares reserved for issuance under the share compensation plan for Directors, Executives, Employees and Consultants; 253,153 were issued on March 31, 2011.
4. As at August 31, 2011, using a closing price of CAD 0.92 per share.
7
8. Proven Track Record
Consolidated Thompson’s Bloom Lake Iron Mine
TSX: BKI
• World class 8Mtpa iron ore concentrate
Forbes & Manhattan Involvement
mine in Quebec
• Advanced from exploration stage
through development to construction Recently
acquired
− 8 mtpa capacity (66% Fe concentrate) for $4.9
expanding to 16 mtpa billion
− Completed scoping study, 3 feasibility
First F&M
studies, secured off-take with China‟s involvement
third largest steel producer (WISCO)
$1 mm
• Raised over Cdn$1 bn in capital market
cap
• Attracted and put in place a qualified
management team 2005 Today
8
9. Iron Ore Market
Strong Global Demand Growth for Iron Ore
TSX: BKI
• Demand strong now & into the future: currently driven by industrialization in China and soon to
be followed by rebuilding of Japan plus India‟s industrialization
• Price anticipated to slowly decline over the next ten years as additional supply comes on
stream down to China‟s marginal cost of production being $85 to $120/T for fines
• Pellet‟s anticipated to command a $35/T premium over fines for a price of $120 to $155/T
Seaborne Iron Ore Demand Growth Iron Ore Fines Price
1600 2009-2013E CAGR
Pellet feed 20.2%
1400
Pellets 20.5%
Lump 5.7%
1200
Fines 7.4%
1000
Fe Demand (Mt)
800
600
400
200
0
2000 2002 2004 2006 2008 2010E 2012E
Source: Anglo American and Bloomberg
9
10. Ukraine: A Mining Friendly Country
Strong Local and National Support
TSX: BKI
• Socially stable democratic republic
• Recently announced desire to sign
“Association Agreement” as first step to
joining European Union
• Strong economic growth
− GDP growth of 4.2% in 2010; expected to
increase to 4.5% in 2011
• Steel production is Ukraine‟s largest
industry – 40% of exports
• Large, highly skilled labour force
− Population of approximately 45 million
− GDP per capita only $6700/yr
• ArcelorMittal and Ferrexpo plc have
operated in-country for over 5 years
• Corporate tax rate expected to be
gradually reduced to 16% in 2014 from
23% in 2011
10
11. Globally Significant Iron Ore District
Ukraine: 6th largest iron ore producer & 4th largest reserve base
TSX: BKI
• Black Iron‟s projects are located in the heart of
2010E Iron Ore Production
Ukraine‟s iron ore belt
1000 900
– 35km from city of 750,000 people
800
Only 3% of world production • Iron ore district trends 300 km with sedimentary rock
600
hosted banded iron formations (Dnenpovskog complex)
Iron Ore (mt)
420
370
400
260 • Historically well explored resource base but
200 100 72 55 49
substantially under-exploited due to historic Soviet
35 25
0 policy
Sweden
Russia
United States
Canada
China
India
Ukraine
Brazil
South Africa
Australia
• 15 iron ore mines in Ukraine produced 72 million
tonnes in 2010
Global Distribution of Fe Reserves
Tarnavatskoye
Kirovograd
Liponevsky Poltavsky GOK
United States Rest of World
Sweden 3% 20% Novokonstantinovsky Yeristovskoye
3% Tsentralny
India Russia
Kryviy Rih Iron Ore Complex Safonovskoye
5% 16%
Shymanivske
Ordzhonikize Gok
China Zelenivske
8% Ingulestky GOK
Kryviv Rih
Yuzhny GOK
Kuksunurskoye
Brazil Australia
18% 17%
Ukraine
10%
Source: USGS 2011 Iron Ore report and Metal Economics Group 11
12. World Class Neighbours
Adjacent to Large ArcelorMittal Operation
TSX: BKI
• ArcelorMittal purchased Kryviy Rih integrated steelmaking complex in 2005 for US$4.8
billion
• Located adjacent to Black Iron‟s projects
• 2010 production of 10 million tonnes iron ore concentrate
• Iron ore resource of 1.8 billion tonnes at the end of 2009
• Kryviy Rih is a banded ferruginous quartzite deposit containing primarily magnetite
12
13. Prospective Iron Ore Deposit
Significant Regional Iron Ore Production
TSX: BKI
ArcelorMittal’s Kryviy Rih
Iron Ore Complex • Primarily magnetite with some
Black Iron’s hematite
Shymanivske Project • Two mining and exploration permits
M&I: 345Mt @ 31.83%
covering 5.92 km2
Inferred: 469Mt @ 31.05%
− Mining permit at Shymanivske, which
has been extensively explored,
covering 2.56 km2 valid until 2024
Railway lines
− Exploration permit at Zelenivske
covering 3.36 km2 valid until 2014
• Adjacent to ArcelorMittal‟s Kryviy
Black Iron’s
Smart & Evraz’s Rih iron ore complex and Smart &
Zelenivske Project
YuGOK Iron Ore Mine Evraz‟s YuGOK iron ore mine
• Plan to acquire a plot of land from
Ukraine Government adjacent to the
Shymanivske deposit for project
waste dumps, concentrator and
tailings
1. Resource estimate compiled using historic Soviet data by Hugues de Corta of Genivar, who is a qualified person as defined by NI 43-101
13
14. Shymanivske Has A Large Resource Base
Major Iron Deposit with Potential to Grow
TSX: BKI
• Banded iron formation consisting of 4
iron-rich layers, with the resource
comprising 3 of these layers
− Layer‟s thicknesses range from 40-80 m
• The resource is defined by ~37,000
metres of historical drilling
− 9.7-21.2 m of overburden
• Black Iron recently completed 6,700
meters of twin hole drilling
― Total iron grade and band width align very
well with historical data
Shymanivske Tonnage Fe Tot Fe Mag
Resource* (Kt) (%) (%) • Potential for total combined resource
expansion of 1.1 to 1.8BT
Measured 289,799 31.84 18.77
− Additional drilling of Shymanivske at North
Indicated 55,705 31.76 18.75 end of deposit and to depth
Total Measured − Exploration of the Zelenivske project
345,504 31.83 18.75
and Indicated
* Resource estimate compiled using historic Soviet data by
Hugues de Corta of Genivar, who is a qualified person as
Inferred 468,892 31.05 18.26 defined by NI 43-101
14
15. Potential Resource Extension at Shymanivske
Ground Gravity Shows Iron Ore Mineralization at North End
TSX: BKI
Potential resource • Ground gravity and magnetic surveys
upside to be drilled show potential extension of iron ore
mineralization at North end of property
as circled in red
Property • This area has not been included in the NI
boundary 43-101 resource as it has not yet been
Very likely sufficiently drilled
Iron in ground
• The identified area will be a target of a
future drill program
Likely just
dirt in ground
Drill hole
15
16. Excellent Infrastructure
Key to a Successful Iron Ore Project
TSX: BKI
• Paved roads to site, located 35km away from the
major city of Krivoy Rog which has a skilled work force
• Surplus of low-cost electricity readily accessible from
high voltage power lines that run beside property
• ~2 km from main state-owned rail line
• Confirmation in July 2010 from Ukrainian Government
that there is sufficient capacity to haul at least an
additional 10 million tonnes of iron ore per annum
• 5 deep water ports accessible by rail with iron ore
facilities available
• Ports located 140 km to 515km away providing access
to Black Sea and global seaborne iron ore markets
16
17. Strategic Global Location
Close Proximity to Target Markets with Abundant Port and Rail Access
TSX: BKI
• River barge & rail access to Western
Europe and port access via Black Sea to
global seaborne iron ore markets
− Target markets include Asia, Western Europe,
Turkey, and Middle East
• Several dry bulk tonnage ports accessible
using railway running beside properties
• Approximately 20% to 25% shorter transport Major Rail Line
distance to China compared to North and
South American producers1
• Power, port and rail access, combined with
local highly skilled workforce, provide
potential to accelerate development and Russia
reduce the amount of capital investment
Europe
South Korea
Middle and Japan
East China
India
1 Based on approximate nautical miles distances of Odessa (Ukraine), Vitoria (Brazil) and Montreal
(Canada) to Tianjin (China) as disclosed at searates.com 17
18. Key Milestones for Value Creation
Project Development Timeline
TSX: BKI
2011 2012 Future
H1 H2 H1 H2
Drill metallurgical holes
Scoping Study/PEA
Exploration & Definition Drilling
Feasibility Study
Environmental Studies
Permitting
Detailed Engineering
Construction
Production
18
19. Public Comparable Companies
Iron Ore Exploration/Development
TSX: BKI
Market Data Fe Contained EV / Fe
as at Reserve & Resource Reserve & Resource
31-Aug-11 (mm t) (C$/t)
Market Enterprise
Price Cap Value Total Total
Company Location (US$) (US$ mm) (US$ mm) Total Grade R&R
Developers & Explorers
African Minerals Sierra Leone $8.24 2,615.9 2,279.8 3,983 34.0% 0.57
Gindalbie Metals Australia $0.75 622.0 422.0 430 34.1% 0.98
Labrador Iron Mines Canada $8.75 460.2 322.2 98 56.5% 3.30
Baffinland Iron Mines Canada $1.50 514.6 476.7 559 64.6% 0.85
Northland Resources Sweden $1.88 421.2 176.4 147 32.1% 1.20
New Millennium Capital Canada $1.85 273.9 258.2 2,309 30.4% 0.11
Alderon Canada $3.42 283.9 259.6 183 30.0% 1.42
Adriana Resources Canada $1.10 160.4 131.7 729 29.1% 0.18
Champion Minerals Canada $1.20 77.2 65.6 141 28.0% 0.47
Afferro Mining Liberia $1.09 94.0 57.9 509 34.7% 0.11
Adjusted Mean (Excludes Highest and Lowest Data Point) 0.72
Mean 0.92
Black Iron Ukraine $0.92 128.2 93.2 256 31.4% 0.36
Sources: Bloomberg, Reuters, equity research and company disclosure 50-60%
discount
20. Solid Fundamentals for Success
A High-Quality Iron Ore Development Opportunity
TSX: BKI
Good access to skilled labour, power, rail & ports
Exceptional • 35km from city of Kryviy Rih (pop. 750k); paved road to site
Infrastructure • 2 km from state-owned rail and power lines with surplus capacity & five
deep water ports accessible by rail (140-515km)
Large iron ore deposit with NI 43-101 compliant resource*
• Two properties held – Shymanivske & Zelenivske
Sizable • Shymanivske - 345 Mt Measured & Indicated resource @ 31.83% iron;
Resource additional 469 Mt of Inferred resource @ 31.05% iron, which will be
concentrated to ~65% iron
• Potential for resource expansion by further drilling of both deposits
Project located in Kryviy Rih, Ukraine; one of the world’s major iron
Close to ore districts
Target Markets • Close to target markets: W.Europe, Turkey, Russia, Asia and Middle East
• Surrounded by 7 other operating iron ore mines
Compelling High margins due to close proximity to multiple steel mills, relative
Economics labour cost advantage and favourable corporate tax rate of 16%
• Plan to produce iron ore pellets which are a premium product
Skilled Experienced management team with history of creating value for
Management shareholders of Consolidated Thompson, RioTinto and Ferrexpo
* Resource estimate compiled using historic Soviet data by Hugues de Corta of Genivar, who is a qualified person as defined by NI 43-101 20
21. CONTACT INFORMATION
65 Queen Street West
Suite 805, P.O. Box 71
Toronto, Ontario, Canada
M5H 2M5
www.blackiron.com
Investor Relations
Investor Cubed Inc.
Telephone: +1 (647) 258-3311
Toll-Free: +1 (888) 258-3323
Fax: +1 (416) 363-7977
TSX: BKI info@blackiron.com
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