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Aiming to be a leader in quality mining and bulk d iesel supply. brackenmining.au

Aiming to be a leader in quality mining and bulk d iesel supply. www.brackenmining.com.au. Why Bracken International?. Proven l eadership team International quality Mn tenements Granted m ining leases Friendly pro mining government Diversified h igh g rade commodities

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Aiming to be a leader in quality mining and bulk d iesel supply. brackenmining.au

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  1. Aiming to be a leader inqualitymining and bulk diesel supply. www.brackenmining.com.au

  2. Why Bracken International? • Provenleadership team • International quality Mn tenements • Grantedmining leases • Friendly pro mining government • Diversifiedhigh grade commodities • Manganese • Bulk fuel • Demand for product

  3. Leadership • Chairman: Luke Bracken • Experienced Mining Executive • CEO: Dan Smith • Finance and High End Business Executive • Non-Executive Director: Damian Thorely • Management Professional • Bracken International will grow it’s team as the company expands

  4. Management • Dan Smith: Chief Executive Officer • Lynn Jackson: Chief Information Officer • Evan Stead: Mine Management • Michael Lenihan: Asia Markets

  5. CompanyHistory • Incorporated in 1996 as a fully owned Australian company, Bracken International registered 2012 on the Isle of Man • BI operates in the resource and trade commodities with Mn Tenements in Panama. • Future exit markets are broader European and United States. • Growth markets Bulk Direct Refinary Diesel Supply into the USA and China

  6. Overview • Approval to mine high grade manganese deposits in west coast of Panama. • Future plans to build a smelter for oxide powder to capitaliseon the lithium battery market exploding growth . • Signed off-take 5 year supply contract to China. • Direct refinery supply for the trading in bulk diesel fuel supply

  7. Manganese

  8. Manganese • BI hold operating mining licenses in Panama and agreements in Timor Indonesia • Approval to mine with support from apro mining Panama Government . • The mines are ready to produce and export market ready • With the exploding lithium battery market, plans for a construction of a smelter close to the mines to take advantage of direct buyers. • Electricity within a few hunderdmetres of the proposed smelter site • Off-take signed 5 year contract with China, increasing interest from Korea, USA and the UK.

  9. Manganese • Stage One: Benefaction Plant – Cap Ex $25 million • The main cost is diesel and a relatively short lead-time with the ability to produce an initial 50,000 ton/month of a consistent size and purity of 44% bulk ore. Present indicative price is $245/tonne. • Stage Two: Smelter Plant – Cap Ex $50 Million • The main cost is electricity, however there will be a new power station close by. Assuming a cost of $150 to $200/tonne, a 15% manganese metal loss during smelting to produce 99% pure metal, and a more realistic world price of $3,000/tonne, the net income/ton would be:1) $115/ton to mine (15% metal loss) 2) $10/ton to better the ore3) $200/ton to smelt 4) $2340/ton EBITA after royalty

  10. Manganese • Manganese is the 12th most abundant element in the Earth’s crust. But it is only rarely found in concentrations high enough to form an economic manganese ore deposit. • Fourth most used metal in terms of tonnage after iron, aluminium and copper. • Ninety percent of all manganese consumed annually is consumed in the steel industry as an alloying agent. • Needed for iron and steel production because of its sulphur-fixing, deoxidising, and intermix properties.

  11. Manganese • The USA has no production grade Mn and is 100% reliant on imports. • Current estimates of world manganese reserves, including low-grade ore, are 5.2Bt. Reserves of high-grade ore are estimated at 680Mt. Most of the high-grade reserves are located in South Africa, Australia, Brazil and Gabon. • South Africa has 80 percent of the world’s identified manganese reserves. Australia, the other significant high-grade producer, has an ore reserve base of 57Mt. low grade ore not export quality  • China has a reserve base of 100Mt. Only five mines in China have reserves in excess of 20Mt. Low grade blend ore.

  12. Manganese • Chinese and Indian Infrastructure Expansion = Demand for Quality Manganese = Positive Outlook for Manganese price = BI has supply, quality and location advantage

  13. Bulk Diesel Fuel Trading

  14. Bulk Diesel Fuel Trading • BI has cemented direct refinery supply to grab a slice of the bulk diesel trading market. • We aim to build our bulk fuel division as we develop our manganese mines • Existing exit market buyers ready to receive our uninterrupted supply.

  15. Bracken InternationalMoving forward in 2014 Opening of our New York trading office for the growth of our bulk fuel supply chain Capital raising to develop our Mn mines in Panama, and underwrite the exploding growth potential of our bulk fuel division

  16. Competitive Advantage • The combination of high quality Manganese, cheaper production costs than the industry norm, close proximity to energy supply, and a relatively short distance to our most significant future market the USA and Asia, will see: • Lower costs in metric ton production • Openmarket trading in bulk diesel fuel assisting to offset the Company’s total operating costs.

  17. Bracken International • Provenexperienced team • Highgrade ore deposits • Off-take completed contracts • Diversification into the bulk fuel trade

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