BC Iron Limited

Welcome to BC Iron

BC Iron - The Time, The Place, The Metal

The TIME

A new “Iron Age” driven by Asian demand for iron ore
Scoping Study on 3-5Mtpa start-up operation at Bonnie Creek due for completion in June Quarter
Fully funded resource definition & feasibility program

The PLACE

World-class Pilbara iron ore province
Strategically located close to accessible infrastructure
MoU with Fortescue Metals to provide bulk transport and export shipping from Port Hedland

The METAL

Maiden high-grade (DSO) JORC resource estimate of 28Mt @ 57.4% Fe
Iron ore comprises outcropping low impurity ore with very low stripping ratios ~ low mining costs
Increased DSO resources expected in the coming year with further drilling

BC Iron Limited (ASX: BCI) is an iron ore exploration and development company focused on Western Australia’s world class Pilbara region. The company was formed by combining the iron ore interests of Alkane Exploration Ltd and Consolidated Minerals Ltd – which are now both major shareholders in BC Iron.

BC Iron’s core asset is a 100% interest in the Nullagine Iron Ore Project, an extensive tenement portfolio strategically located north east of Fortescue Metals’ Cloud Break operation.

Significantly, the Company recently announced its maiden Resource Estimate of 28 Mt @ 57.4% Fe just 15 months after listing. The resources occur at surface resulting in potentially low stripping ratios and are very low in contaminants

The Nullagine Project is proximal to the open access railway line currently under development by Fortescue between Chichester and its dedicated iron ore berths at Port Hedland, 260km to the north west. BC iron has entered into an MOU with Fortescue facilitating negotiation over bulk transport for its material, including potential Joint Venture or mine gate sale options.

BC Iron has also commenced a Scoping Study to examine a potential start-up operation at the Bonnie Creek CID Project at a nominal production rate of 3-5 Mtpa of DSO. The Study will focus on these deposits as part of the Company’s stated objective of generating rapid cash flows by bringing the Nullagine Project into production as early as possible.

A capital raising of $9.18 M was completed in November 2007, through the issue of 5.4m fully paid ordinary shares to sophisticated and professional investors. Funds raised will be applied to the continuing exploration and development of the Nullagine Project.
The Company’s Directors possess a wide range of technical and corporate skills including a strong background in the exploration, economic assessment, and iron ore development and mining. Importantly, the Board also has experience in exploration and assessment of CID mineralisation.