BSC%20RESOURCES%20LTD

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BSC RESOURCES LTD
A BLACK CHIP IN BASE METALS
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South Africas 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

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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 JVs
• Distribute shares in producing assets to
  shareholders

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BSC and Mining Charter
Mining Charter BSC Response
Ownership - 51 Black Ownership
   
Employment Equity - 75 Black Executive Management
  - 75 Black Board composition
   
Local Community and stakeholders - Good relationship with all three tribal authorities and local government
  - Established a Mining Committee that meets on monthly basis
  - Regular donations to locals schools
  - All general labour sourced from the community (30 Jobs created)
  - Establishment of community trust - 50 Female staff complement
   
Procurement - Preference given to procurement from local, empowered suppliers
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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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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 BSCs 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 BSCs 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 BSCs
  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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