PIL BARA INF RAST RUCT URE A NE W L ANDSCAPE IT S A GOOD T - PowerPoint PPT Presentation

PIL BARA INF RAST RUCT URE – A NE W L ANDSCAPE IT ’S A GOOD T IME T O SE CURE INF RAST RUCT URE 2013 Inve stor Pr e se ntation – Nove mbe r Austr alian Jour nal of Mining 2015 e nc e Global Ir on Or e and Ste e l F or e c ast Confe r Russe ll T ippe r, Chie f E xe c utive Offic e r, Bro c kma n Mining Austra lia Co lin Pa te rso n, E xe c utive Dire c to r, Bro c kma n Mining L imite d

Disc la ime r T his pre se nta tio n ha s b e e n pre pa re d b y a nd issue d b y Bro c kma n Mining L imite d (“Bro c kma n” o r “the Co mpa ny”) to a ssist it in info rming inte re ste d pa rtie s a b o ut the Co mpa ny. It sho uld no t b e c o nsid e re d a n invita tio n o r o ffe r to subsc rib e fo r o r purc ha se a ny se c uritie s in the Co mpa ny o r a s a n ind uc e me nt to ma ke a n o ffe r o r invita tio n with re spe c t to tho se se c uritie s. No a g re e me nt to sub sc ribe fo r se c uritie s in the Co mpa ny will be e nte re d into o n the b a sis o f this pre se nta tio n. T his pre se nta tio n c o nta ins fo rwa rd lo o king sta te me nts. While Bro c kma n ha s no re a so n to b e lie ve tha t a ny sta te me nts a re e ithe r fa lse , misle a d ing o r inc o rre c t, it c a nno t g ua ra nte e tha t thro ug h e ithe r pa ssa g e o f time o r a c tio ns b e yo nd the c o ntro l o f Bro c kma n, the y will no t b e c o me so . Yo u sho uld no t a c t o r re fra in fro m a c ting in re lia nc e o n this pre se nta tio n ma te ria l. T his o ve rvie w o f Bro c kma n d o e s no t purpo rt to b e a ll inc lusive o r to c o nta in a ll info rma tio n whic h its re c ipie nts ma y re q uire in o rd e r to ma ke a n info rme d a sse ssme nt o f the Co mpa ny’ s pro spe c ts. Yo u sho uld c o nd uc t yo ur o wn inve stig a tio n a nd pe rfo rm yo ur o wn a na lysis in o rd e r to sa tisfy yo urse lf a s to the a c c ura c y a nd c o mple te ne ss o f the info rma tio n, sta te me nts a nd o pinio ns c o nta ine d in this pre se nta tio n b e fo re ma king a ny inve stme nt d e c isio ns. T he re a re a numbe r o f risks, b o th spe c ific to Bro c kma n a nd o f a g e ne ra l na ture whic h ma y a ffe c t the future o pe ra ting a nd fina nc ia l pe rfo rma nc e o f Bro c kma n a nd the value o f a n inve stme nt in Bro c kma n inc luding a nd no t limite d to e c o no mic c o nd itio ns, sto c k ma rke t fluc tua tio ns, iro n o re d e ma nd a nd pric e mo ve me nts, a c c e ss to infra struc ture , timing o f e nviro nme nta l a ppro va ls, re g ula to ry risks, o pe ra tio na l risks, re lia nc e o n ke y pe rso nne l, re se rve a nd re so urc e e stima tio ns, na tive title a nd title risks, fo re ig n c urre nc y fluc tua tio ns a nd mining d e ve lo pme nt. 2

vie w Ove r Ab o ut Bro c kma n • F ina nc ia l b a c king • • Pro je c ts o ve rvie w I nfra struc ture So lutio n • Co nc lusio n • 3

Capital Str uc tur e Bro c kma n Mining L imite d is liste d o n the HK E x (159) a nd the ASX (BCK ) Ma rc h 2015 Sha re s o n issue 8.4 b illio n Ma rke t c a pita lisa tio n (i) A$444.2 millio n Ca sh o n ha nd (ii) A$22.2 millio n De b t nil E nte rprise va lue A$424.5 millio n Optio ns o n issue 352.5 millio n As o f 6 th Ma rc h 2015 a t A$0.053 pe r sha re (i) (ii) As o f 31 st De c e mb e r 2014 (A$ to HK D a t 6.33) 4

Br oc kman - a pr oduc e r in the making Bro c kma n ha s 35 Mtpa to unde rpin a n E a st Pilb a ra • infra struc ture so lutio n. Bo th Ma rilla na (20mtpa ) a nd Ophtha lmia (15 Mtpa ) • pro je c ts o ffe r sig nific a nt to nna g e thro ug hput, lo ng mine life (15-20 ye a rs) a nd pro duc ts ma rke te d in the 62% F e inde x. Bro c kma n ma inta ins a fo unda tio n sha re ho lde r po sitio n in • No rth We st I nfra struc ture (NWI ). NWI is the de live ry ve hic le fo r the Sta te Go ve rnme nt’ s c o nfe rra l o f 50 Mtpa ‘ B’ c la ss c a pa c ity a llo c a tio n to de ve lo p a Junio r Po rt fa c ility a t So uth We st Cre e k in Po rt He dla nd po rt. 5

t Str ong Shar e holde r Suppor • Bro c kma n is suppo rte d b y b o th Chine se a nd Austra lia n sha re ho lde rs. • Bro c kma n’ s ma jo r sha re ho lde rs ha ve sig nific a nt inve stme nt inte re sts in China a nd Austra lia whic h will fa c ilita te the c o mme rc ia lisa tio n o f Ma rilla na . T he la rg e st sha re ho lde r, Oc e a n • L ine Ho lding s (~22%) ha s a n inte re st in 4 b e rths a t T ia njin Po rt with 100Mtpa c a pa c ity (US$2B inve stme nt) a nd c a rrie s o ve r 50Mtpa in se a b o rne c a rg o e s. 6

illana & Ophthalmia Mine s Mar 7

Broc kma n Pilba ra Asse ts 8

Ma rilla na – a c ompe titive proje c t PROJE CT 1.05 Bt Mining Re se r ve (JORC 2004) (Pro ve n: 133 Mt, Pro b a b le : 916 Mt) 426 millio n to nne s a t 60.5–61.5% F e , lo w F inal pr oduc t and gr ade impuritie s. • Co nve ntio na l truc k a nd sho ve l Mining Ope r ations F re e dig g ing • Ave ra g e Strip Ra tio : 0.8 o ve r life o f mine • Up to 20 Mtpa (we t) Annual pr oduc tion Sub je c t to a n infra struc ture so lutio n b e ing F ir st pr oduc tion c o nfirme d a nd fina lise d Ove r 20 ye a rs Mine life (initial) A$21-24/ t (US$17-19/ t) C1 ope r ating c ost (mine ) 9

oc e ssing Mar illana – Simple Mining & Pr Sha llo w, la rg e sc a le mining • Simple ro b ust pro c e ss flo w she e t • • Po sitive sinte ring pe rfo rma nc e -8 mm +1 mm pro duc t size – no ultra fine s • • Additio na l yie ld po ssib le fro m -1mm ma te ria l Pit 6 Pit 1 Pit 5 Pit 2 Pit 4 Pit 3

Ma rilla na De trita l Proc e ssing Pla nt SCRUBBING PRIMARY SIZER CRUSHED ORE STOCKPILE WET -32+8mm SCREENING +8mm Natural -1mm SECONDARY CRUSHING -8+1mm -8+1mm +32mm SCREENING Generated -1mm DMS CIRCUIT REJECTS REFLUX CLASSIFIERS REJECTS CONCENTRATE COARSE REJECTS FINE REJECTS THICKENER RAIL TO PORT CONCENTRATE DETRITAL PRODUCT STOCKPILE FINE REJECTS STORAGE 20 Mtpa (wet) Fe – 60.9% SiO 2 – 6.8% 11 Al 2 O 3 – 3.1%

k Mar illana – Pilot Sc ale T e stwor • 320 to nne b ulk sa mple fro m two a re a s pro c e sse d a t a no mina l ra te o f 5 to nne / ho ur • Me t o r e xc e e de d a ll e xpe c te d b e ne fic ia tio n pa ra me te rs – F e (60.9%) – Yie ld +40% – Pho s 0.076% E xte nsive sinte r te stwo rk b a se d o n • this pro duc t re pla c ing up to 25% o f c o mpe tito r o re s de mo nstra te d : – I mpro ve d pro duc tivity – L o w fue l usa g e – Hig h yie ld, – Hig h T umb le I nde x – Hig h Re duc ib ility I nde x – L o w Re duc tio n De g ra da tio n I nde x 12

Ophthalmia – ne xt phase Po te ntia lly a s sig nific a nt a s the • Ma rilla na Pro je c t with b e dde d he ma tite mine ra lisa tio n (DSO) disc o ve re d 15 – 30 km no rth o f Ne wma n. • Curre nt JORC 2012* Mine ra l Re so urc e o f 341 Mt a t 59.3% F e fro m de po sits a t Co o ndine r (Pa lla s a nd Ca sto r), K a lg a n Cre e k a nd Sirius. L o c a te d o nly 70 – 80 km fro m • Ma rilla na , pro viding o ppo rtunitie s to c o nne c t to the Ma rilla na Pro je c t infra struc ture so lutio n. Pre fe a sib ility study c urre ntly • unde rwa y. *As pre vio usly re po rte d in ASX a nno unc e me nt da te d De c e mb e r 1 2014 13

Rail 14

Rail Options Co nfide nt we will a c hie ve a ra il so lutio n • T PI Ra il a c c e ss • – Ac c e ss Applic a tio n sub mitte d to the T PI ra ilwa y in Ma y 2013 unde r the WA Ra il Ac c e ss Co de (2000). T PI c ha lle ng e d this a pplic a tio n b o th with the E c o no mic Re g ula tio n Autho rity a nd in the WA Supre me Co urt o n the b a sis o f Bro c kma n’ s pro je c t is inva lid. – I n Se pte mb e r 2014, the Supre me Co urt de te rmine d tha t Bro c kma n’ s a pplic a tio n wa s va lid. – Bro c kma n Se c tio ns 14 a nd 15 a pplic a tio ns a re ne a r c o mple tio n. – Onc e sub mitte d, the ne g o tia te / a rb itra te a c c e ss mo de l is unde rwa y. 15

Rail Options Othe r Ne g o tia te d ha ula g e • – I nfra struc ture o wne rs mo re pra g ma tic – Se e po te ntia l to use a s a pro fit c e ntre to o ffse t re duc e d o re re ve nue s • Ne w ra il – Aurizo n Re la tio nship Ag re e me nt - E PI R – MRL (BOT S) – pro po se d c o rrido r runs thro ug h Ma rilla na le a se 16

t Options Por 17

e Por t Infr astr uc tur NWI is a jo int ve nture b e twe e n • Bro c kma n & Atla s; NWI is the de live ry ve hic le fo r the • Sta te Go ve rnme nt’ s 50 Mtpa ‘ B’ c la ss Junio r Po rt c o nfe rra l a t So uth We st Cre e k (SWC), Po rt He dla nd, whic h inc lude s two b e rths a nd a sto c kya rd; No sha re ho lde r ha s a spe c ific • c a pa c ity a llo c a tio n; • NWI is e ng a g ing with po te ntia l infra struc ture pro vide rs a nd we lc o me s fo rma l pro po sa ls; A ra il so lutio n re ma ins ke y to the • suc c e ss o f this. 18