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BSC RESOURCES LTD. A BLACK CHIP IN BASE METALS . South Africa’s Junior Mining Landscape. MPRDA came into force in May 2004 “Use it or lose it” principle unlocked non-strategic assets by majors Interest in Exploration by foreign juniors

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African Mining 08

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South Africa’s Junior Mining Landscape

MPRDA came into force in May 2004

“Use it or lose it” principle unlocked non-strategic assets by majors

Interest in Exploration by foreign juniors

First time participation of Black South Africans in the ownership and development of the mineral resources of South Africa

African Mining 08

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The Creation of BSC Resources Ltd

  • Incorporated in November 2005

  • Granted prospecting rights of 39000ha within 6 months (Currently have over 70000ha)

  • Scoping study identified drill positions

  • Raised ZAR18.2m (South Africa, Canada, USA)

  • 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)

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Strategic Overview

  • Hands on Management Team

  • Focused on Base and Precious Metals

  • Develop current projects to Bankable Feasibility

  • Avoid equity participation in non-producing junior miners

  • Geographic Diversification (Botswana)

  • Capitalise on 2009 MPRDA deadline (“Use it or Lose it”) to partner with majors

  • Act as a hub for JV applications with emerging black miners

  • Dual list the company in Toronto and Johannesburg

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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

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BSC and Mining Charter

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Corporate Social Investment

  • Appointed Greater Good South Africa, to design and develop and Implement our CSI policy

  • Main Focus is education (Maths, Science and Technology ) at high school level

  • Our CSI policy is designed to create skills which will benefit the areas where we operate, to alleviate poverty.

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Corporate Overview

  • Share Capital

    • 2 000 000 Issued (As at Jan 2008)

    • 2 100 000 Fully diluted( As at Jan 2008)

    • 10 million Rand in treasury ( As at Jan 2008)

  • Strategic Relationships

    • Nedbank Corporate – Bankers

    • PricewaterHouse Coopers – Accountants and Auditors

    • Read Hope Phillips – Corporate Lawyers ( South Africa )

    • Macleod Dixon – Corporate Lawyers ( Canada )

    • Geo Mechanics – Drilling Contractors

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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 Secretary

Is 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.

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