Bwa Group Plc · AQUIS:BWAP
Bwa — Investor Presentation (February 2022)
34 slides from Bwa's investor presentation, Feb 15, 2022
Slide 1: Investor Presentation Q1 2022 – Rutile Sands & Related Heavy Minerals
Investor Presentation Q1 2022 AQSE: BWAP Rutile Sands & Related Heavy Minerals
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by BWA Group Plc (the “Company”). The Company is a UK company quoted on the AQSE Growth Market, a market operated by the Aquis Stock Exchange Limited. This Presentation has not been fully verified and is subject
Slide 3: Rutile Sands & Related Heavy Minerals in Cameroon
Rutile Sands & Related Heavy Minerals in Cameroon 3.
Slide 4: Investment Case
Investment Case BWAR, a 90% subsidiary of BWA Group Plc, with two Heavy Mineral Sands licences in Cameroon, covering 629 sq kms ● New supplies required of Rutile Sands and Zircon ● Zircon price doubled in 2021 and Rutile price increased by near 25% over 2020/2021 ● Additional Cameroon projects with
Slide 5: Mineral Sands
Mineral Sands - Heavy Minerals, also called Mineral Sands, are deposits of sands containing concentration of different types of minerals, such as sources of zircon, titanium, thorium, tungsten, aluminium silicate, rare-earth elements and occasionally precious metals or gemstones What are they, - Min
Slide 6: Rutile & Zircon – Forecast Supply & Demand
Rutile & Zircon – Forecast Supply & Demand New Supply is Required ↑2.5-3.0% Forecast structural supply GLOBAL MINERAL SANDS MARKET gap, with demand for - Increasing demand driven by urbanisation, rising living Zircon increasing 2.5-3% standards, global growth and extensive array of year-on-year and
Slide 7: BWA Cameroonian Licences – Why Cameroon?
BWA Cameroonian Licences Why Cameroon? Nkoteng 2 Abundant Natural resources, oil & gas, forestry and agriculture Nkoteng 1 Investment-friendly jurisdiction & Song-Loulou 1 diversified economy Song-Loulou 2 Availability of well-trained technically competent workforce Modernisation - On-going projects
Slide 8: Nkoteng & Dehane – BWA work completed
NKOTENG & DEHANE - BWA work completed With the granting of 2 Mineral Exploration Licences in Cameroon in 2020 and 2021 BWA has completed, as detailed in the following pages: — Pre-exploration work, including, Licence Boundary Marking, ESIA outline plan — Desktop Data Review, Satellite Image Interpre
Slide 9: Nkoteng Licence
NKOTENG Licence Size and Location Nkoteng Licence is 497 km2 and located some 60 kilometres to the north of the capital, Yaoundé. The area is accessible via a sealed road as well as having the Trans-state Cameroonian Railway running across it. The geological sequence is typically 0.6 m to 2.6 m of c
Slide 10: Dehane Licence
DEHANE Licence Size and Location The Dehane Licence is 132 km2 and located some 35 kilometres from the deepwater seaport of Kribi, on the west coast of Cameroon. The main highway from Douala to Kribi runs past the licence area with a number of small roads running off of it, providing easy access. De
Slide 11: Nkoteng and Dehane – Summary Preliminary Mineral Separation Work
Nkoteng and Dehane – Summary Preliminary Mineral Separation Work Ten samples from two auger holes were submitted to ALS Perth for mineral separation and percent determination testwork, and 21 samples were sent for granulometric studies and visual size fraction analysis. The following conclusions are
Slide 12: Nkoteng & Dehane licences - CPR
NKOTENG & DEHANE licences - CPR JORC (2012) Competent Persons Technical Report by Tecoma Strategies was completed in December 2021 Tecoma are:- “Encouraged by the level of grade and the extent of all target minerals throughout the Dehane and Nkoteng licences.” CPR Highlights: — Basement geology cons
Slide 13: ESG – Good Compliance
ESG – Good Compliance - Environmental Social and Governance – Both Nkoteng and Dehane accessible by existing sealed roads, with access roads leading to them, or additionally, in the case of Nkoteng by the Yaounde-Ngaoundere trans-state Cameroon railway – The mining operation will have a small footpr
Slide 14: About BWA Resources (UK) Ltd (BWAR)
About BWA Resources (UK) Ltd (BWAR) BWA RESOURCES (UK) LTD (BWAR) - 90% subsidiary of BWA Group plc 10% equity owned by Richard Howe (Director and Cameroon Resident) - Operates as intermediate holding company between BWA Group Plc and 2 Cameroon operating subsidiaries - 100% ownership of 2 Cameroon
Slide 15: The Team
The Team Richard Battersby James Butterfield Alex Borrelli James Hogg BSc, MSc, MAIG Dick Howe Non-executive Chairman Non-executive Director Non-executive Director Non-executive Director Director, BWA Resources (UK) Ltd Qualified chartered accountant with over James joined 3i plc in 1969 where he Al
Slide 16: Operations & Board & Management
Operations & Board & Management Richard Battersby: General Manager of both companies Management Richard Howe: In-Country Director of both companies, monitoring day-to-day operations and in particular Govt relations. He is resident in Cameroon since 1998, having retired in 2004 as Chairman and MD of
Slide 17: Indicative Project Development
Indicative Project Development Updated Mineral Resource & Pre- IPO/Offtake/JV/Sale Feasibility Study (PFS) Conceptual Mining Study and Preliminary Initial Mineral Economic Assessment Value Resource Estimates (PEA) and JORC (2012) Report Geological and Geochemical target definition ESIA Metallurgy, M
Slide 18: Funding
Investor Presentation Q1 2022 Funding February 2022 AQSE: BWAP To date BWA has invested approx. £1.0M in the initial LONDON AQSE exploration and development of the two Cameroon Licences MARKET:- BWAP Initial raise of up to £500,000 to enhance value by covering the drilling costs for preparation of m
Slide 19: Advisors and Partners
Advisors and AQSE Corporate Adviser & Broker, Allenby Capital Limited Partners Public and Investor Relations, Cassiopeia Services Technical Advisors - Addison Mining Services Ltd – Geology, Resources and Environmental - Tecoma Strategies – JORC Competent Person - Bara Consulting – Mining and Mineral
Slide 20: Thank you
Thank you Contact Information James Butterfield - Director 07770 225253 [email protected] Stefania Barbaglio - PR 07949 690338 [email protected] BWA Website:- www.bwagroupplc.com 20.
Slide 21: Appendices
APPENDICES Rutile Sands & Related Heavy Minerals in Cameroon 21.
Slide 22: Formation of Alluvial Heavy Mineral Sands
Formation of Alluvial Heavy Mineral Sands Heavy mineral sands are defined as loose aggregates of unlithified material containing combinations of minerals with a high specific gravity, generally above 4 g/cm3, although any mineral having a higher density than quartz (>2.65 g/cm3) would technically qu
Slide 23: Target Deposit Type - HMS Mining and Processing
Target Deposit Type - HMS Mining and Processing Heavy mineral sands are usually mined by open-pit The mineral sands are still only a small methods, with either wet techniques such as proportion of the total ore mined with clays, dredging, or dry methods using excavators, trucks, silts, sand and bedr
Slide 24: Rutile & Zircon - Market Analysis
RUTILE & ZIRCON - Market Analysis ZIRCON - Resistant to water, chemicals, heat and abrasion - ~1.1mn tonnes per annum global market - China dominates Zircon consumption with 47% and Iluka is most influential in establishing benchmark prices - Ceramics market represents 50% of the Zircon market TITAN
Slide 25: Zircon & Titanium Minerals
Zircon & - Over 50% of zircon supplied to the market is used in production of ceramics. Titanium - Growing zircon demand for industries in consumer electronics. Minerals - The global zirconium market has an estimated valued of $1.8bn in 2020 - Zircon price stood at $2,200-2,400/tonne as of July 2021
Slide 26: Rutile
- Natural rutile is the rarest, highest grade and highest value titanium mineral Rutile - Natural rutile is the cleanest, purest form of titanium dioxide. Natural Rutile has a far lower carbon footprint: it is favoured by pigment producers over A scarce commodity higher energy and carbon intensive “
Slide 27: Geographical Setting of Nkoteng and Dehane Licences
Nkoteng is located within the Yaoundé Domain of the Pan African Belt, which is a large nappe unit that has been thrusted southward onto the Congo Craton and is characterised by low- Geographical grade to high-grade garnet bearing metamorphosed schists, gneiss and orthogneisses and source of heavy mi
Slide 28: Nkoteng - Reconnaissance Pit Sampling Program
NKOTENG - Reconnaissance Pit Sampling Program Encouraging results from Reconnaissance grab and auger sampling within a wide floodplain and interpreted HMS depositional zone. Majority of pits and hand auger holes did not reach bedrock, stopped in mineralised gravel horizon. 28.
Slide 29: Dehane Licence - Reconnaissance Grab Sample / Auger Program
DEHANE Licence - Reconnaissance Grab Sample / Auger Program Encouraging results from Reconnaissance grab and auger sampling within a wide floodplain and interpreted HMS depositional zone. Majority of pits and hand auger holes did not reach bedrock, stopped in mineralised gravel horizon. 29.
Slide 30: Nkoteng and Dehane – Results of Preliminary Mineral Separation Work
From the HLS and screening results, the following conclusions are made:- Nkoteng and — Five samples returned encouraging results from the wet screening 1 mm to 0.053 mm Dehane – fraction, in particular the main target sand and gravel units. — A number of samples returned high clay content which can
Slide 31: Nkoteng and Dehane Granulometric Testwork
Nkoteng and Dehane Granulometric Testwork Fraction +600 μm Fraction – 75 μm Crude fraction: black sand In the concentrated state, with organic matter, ilmenite minerals are easily kyanite, rutile, ilmenite, observed. Occasional red muscovite and quartz from rutile crystals can also be sample P654123
Slide 32: Nkoteng and Dehane Preliminary Mineral Separation and Quantitative Work
Nkoteng and Dehane Preliminary Mineral Separation and Quantitative Work Sample Details XRF XRD Valuable HM in Ground %- HM% Hole_ID From To Interval Lith Sample ID % +1mm 1/+0.053m % -0.053mm TiO2(%) ZrO2(%) Al2O3(%) Rutile Ilmenite Zircon Kyanite Garnet Rutile Ilmenite Zircon Kyanite Garnet VHM Sam
Slide 33: Historic Resources within Jurisdiction
Historic Resources within Jurisdiction — 1991*, BRGM defined resources within Akonolinga of 160Mt at >1% Rutile — Cameroon Rutile re-reported resources for the Akonolinga project in accordance with JORC (2004) of 162.7Mt at 1.15% Rutile — Between 2014-2015*, Mineralfields, through their own work, de
Slide 34: BWA Group Plc Summary Balance Sheet
At At At 30 June 2021 30 June 2020 31 December BWA GROUP PLC Pro Forma (See Note) Unaudited Unaudited 2020 Audited £ £ £ Fixed Assets Investments 2,147,617 2,417,545 1,813,948 Summary Balance Current Assets Debtors and prepayments 269,936 176,473 204,102 Sheet as at 30th of Cash at bank and in hand