bsc investor presentation 2008. the creation of bsc resources ltd –incorporated in november 2005...

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BSC INVESTOR PRESENTATION 2008

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Page 1: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

BSC INVESTOR PRESENTATION 2008

Page 2: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

The Creation of BSC Resources Ltd

– Incorporated in November 2005

– Granted prospecting rights of 39000ha within 6 months (Currently have over 77 000ha)

– Granted prospecting permit for historic Messina Copper Dumps and Oxide caps (September

2007)

– Completed Scoping study on the Musina Copper Dumps and Oxide Caps (January 2008)

– Burgesfort prospecting permit granted (Ex-Falconbridge Massive sulphide target)

– Raised CAD$ 5million (South Africa, Canada and USA) to date

Page 3: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Strategic Overview

• Our Strategy To build a management team that possesses the ability to successfully

convert exploration projects into valuable mining projects. Our primary focus is on Base Metals

and Platinum group Metals (PGM’s). Our geographic footprint includes Botswana. The company

is actively seeking opportunities that would allow it to capitalise on the 2009 deadline for

conversion to New Order Rights under the MPRDA (“use it or lose it”).

• Our Mission To seek out opportunities where our involvement is crucial and where we can

stamp our operational style on the operations, in the process creating a black controlled and

managed Junior Mining Company. We intend to duel list BSC on both the Toronto Stock

Exchange (‘TSX”) and the Johannesburg Stock Exchange (“JSE”).

Page 4: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

BSC Value Add

• Identify

– Early cash flows (Musina Copper)

– Potential for bulking up with step-out exploration (Insizwa Nickel)

– Acquisition cost = Application process (Zeranza PGM and Burgesfort)

• Package

– Comprehensive geological work

– Involvement of previous owners and management

• Unlock

– Efficient capital raising

– Tax efficient structures

– Access to global mining majors for blue sky JV’s

– Distribute shares in producing assets to shareholders

Page 5: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Corporate Overview

• Share Capital

– 2 340 000 Issued (As at May 2008)

– 2 500 000 Fully diluted( As at May 2008)

– 13 million Rand in treasury ( As at May 2008)

• Strategic Relationships

– Nedbank Corporate – Bankers

– PricewaterHouse Coopers – Accountants and Auditors

– Adira Capital – North American Investor Communication (Canada & USA )

– Macleod Dixon – Corporate Lawyers ( Canada )

– Geo Mechanics – Drilling Contractors

Page 6: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Management

Bongani Mtshisi – Chief Executive Officer Bongani is a Mining Engineer who started his career at Anglo Platinum. He subsequently joined De Beers where he rose to Site Manager of the Oaks Mine and later worked for Af Lease/ SXR. He holds a Diploma in Metalliferous Mining and a Certificate in Project Management.

Thapelo Mokhathi – Executive Director Thapelo holds a degree in Cost and Management Accounting and Executive Program in Mining and Minerals (Wits). He started his career in the mining industry at Impala Platinum as a Shaft Cost Accountant at Implats 10 Shaft and later at Barplats Division. His responsibilities included Capital Budgets, Forecasts and Management Reports. Thapelo is responsible for the administrative and financial management of BSC.

Lazarus Nekhondela – Executive Director Lazarus is a CA (SA) with extensive experience in Treasury and Merchant Banking, having worked and headed finance departments in Eskom, Gensec Bank as well as at ABSA Corporate and Merchant Bank. Lazarus is responsible for deal structuring and BSC’s overall financial strategy.

Anton Hugo – Executive Director Anton has a background in institutional fund management, having managed portfolios at Old Mutual, Coronation Holdings, the NUM-linked Mineworkers Investment Company and Blue Bay Fund Managers. He has actively followed mining investments for 20 years. Anton is responsible for BSC’s capital raising and investment strategy.

Louis Selekane – Non Executive Chairman Holds a BSc (Hons) in Geology and a Master in Business Leadership (MBL) from Unisa. Louis has extensive experience in the mining industry and amongst others worked as an Exploration Geologist for AngloGold for 10 years. He is the CEO of the South african Diamond Board and while at the DME was closely involved in drafting the new legislation on mining rights. Louis is BSC’s Non-Executive Chairman and oversees the corporate governance and strategic direction of the company.

Darryl Levitt – Company SecretaryIs a Canadian legal practitioner operating in both Canada and South Africa. He has extensive experience in listing South African exploration assets on the TSE, such as Pelawan (Anooraq) and more recently First Uranium and Homeland Energy. His consultancy emphasizes on mining and Black Economic Empowerment (BEE) as well as Reserve Bank liaison.

Page 7: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

BSC Highlights

•Insizwa Nickel – •Large (~400 * 400 * 150 m) Induced Polarisation (IP) Anomaly detected at Ndzongiseni.

•Mapped significant strike length of gossans/sulphides at Horseshoe Lobe.•Completed first phase of drilling at lower adit.•Intersected deeper sulphide lens from upper adit.•Sampled ~ 1500 soil samples to date.•Dewatering large decline possibly exposing additional adit.

•Burgersfort Permit granted on 06/06/2008.

•Phoenix Project permit granted – adjacent to Norilsk Phoenix Mine – total resource (with Selkirk) of 1.70 Mill tonnes at 0.29% Ni and 0.20% Cu.

• Drilling started at Musina Cu Project (“CPR” to be released end of Sep08)

Page 8: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months
Page 9: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Insizwa - Work Programme

•Regional Reconnaissance Work to identify target areas

Work Programme – soil sampling, mapping, sampling and reviewing Falconbridge

data

Target – sulphide showings previously identified by Falconbridge such as at

Horseshoe Lobe).

•Detailed Target Evaluation

Work Programme - Ground geophysics (induced polarisation) to identify which

targets are worthy of being drill tested

Target - Ndzongiseni.

•Drill Ready Targets

Work Programme – Diamond Drilling

Target - Waterfall Gorge.

Page 10: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Regional Reconnaissance24 Sulphide Showings

Detailed Target EvaluationNdzongiseni

Drill Ready TargetsWaterfall Gorge

ResourceDrilling

Insizwa Nickel - Work Programme

Page 11: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Regional Programme

Highlights

• Historic Falconbridge trench data identified Ndzongiseni as a target for detailed

follow-up.

•Mapping identified a sulphide vein, gossans and historic adit at Horseshoe Lobe.

•1500 soil samples collected to date, assay results will be used to identify new targets.

Page 12: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Gabbronorite

Karoo Sediments

Lherzolite

Page 13: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Regional Exploration

Karoo Sediments

Gabbronorite

Lherzolite

Diorite

Ndzongiseni

Falconbridge Trench Data showed showed values of 0.5 g/t to 7.16 g/t Pt; pd and Au over lenghts of 0.5 to 10 m coincident with 0.20 % Ni and Cu in the saprock and up to 6% Ni and Cu in fresh sulphides

Page 14: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Detailed Target Evaluation -Ndzongiseni IP Anomaly - 2ms

2 ms Anomaly – 1000 m * 400 * 150 m

1.2 km

1.2 km

Footwall Contact

Highlight – Large IP Anomaly Identified

Page 15: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

1300 m X 4 sites = 5200 mTotal metres for northern and southern grids = 8050 m

Detailed Target Evaluation - Ndzongiseni

Page 16: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Drill Ready Targets - Waterfall Gorge

Highlights

• 5 992 m drilled to date from 62 boreholes in the lower adit (plus ~ 500 m from the upper adit).

• Mineralisation continues at depth.

• Discovery of decline – dewatering in progress, currently 100 m exposed.

• “Gap” area in soil sampling completed.

Page 17: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Drill Ready Targets - Waterfall Gorge

Karoo Sediments

Gabbronorite

Lherzolite

Diorite

Waterfall Gorge

Page 18: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Drill Ready Targets - Waterfall Gorge

Page 19: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Drill Ready Targets - Waterfall Gorge

Page 20: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

0 10 km

– To identify several deposits of a few million tonnes each along the eastern margin of the Insizwa Complex (soil sampling and drilling).

– To possibly identify the large “missing sulphide” deposit that may be associated with feeder structures (MT (plus drilling?).

– To obtain new exploration permits over prospective ground using an extensive dataset covering SE Africa.

– To advance projects such that their potential is realised.

2008 OBJECTIVES

Page 21: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Exploration Pipeline

Highlights

•Phoenix Project permit granted (Botswana).

•Musina Project drilling programme started.

•Burgersfort Project permit granted.

Page 22: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Burgersfort Project Locality

MD12 –1,42% Ni over 7,62 mMD12B – 0,76% Ni over 10 m1.5 km EM Conductor from Falconbridge Survey

Burgersfort Project

26 784 ha to be granted imminently

Page 23: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Musina Estimated Contained Cu

Farm TargetEstimated In Suite Tons

Estimated Cu grade

Tons metal Cu contained

Prospecting rights status

Uitenpas 2 MT Slimes dam 13,095,000 0.13% 17,023.50 Granted

Ptn 40 of 4 MT Waste Rock dumps 1&2 1,500,000 0.23% 3,450.00 Granted

Vogelenzang 3 MT Esparanza oxide cap 252000 1.36% 3,427.20 Under application

Vogelenzang 3 MT Harper mine Oxide cap 150000 1.30% 1,950.00 Under application

Antonvilla 7 MT Digby Shaft Oxide cap 180,000 1.60% 2,880.00 Under application

Antonvilla 7 MT No 14 workings oxides 30,000 1.40% 420.00 Under application

Antonvilla 7 MT No 2 Workings oxides 12000 1.30% 156.00 Under application

Antonvilla 7 MT Reggie & Watson lode oxides 30000 1.20% 360.00 Under application

Antonvilla 7 MT Workings 50,000 1.20% 600.00 Under application

Hereward 203 MS Molly Too Shaft sulphides & oxides 200,000 1.60% 3,200.00 Under application

Total 33,466.70

Page 24: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Phoenix mine has an inferred resource of 170 Mt @ 0.29% Ni and 0.20% Cu

1400 ha permit granted

Page 25: BSC INVESTOR PRESENTATION 2008. The Creation of BSC Resources Ltd –Incorporated in November 2005 –Granted prospecting rights of 39000ha within 6 months

Contact Details: Bongani Mtshisi

Block C LaRocca Office Park

321 Main Road

Bryanston

2191

Tel: +27 (0)11 463 4779

Fax: +27 (0)11 463 4792

[email protected]

ContactsContacts