ANNUAL

REPORT

2016

CONTENTS

Our Company 3

Chairman's Report 5

Managing Director's Report 6

Review of Operations 9

Mineral Resources and Ore Reserves 13

Directors' Report 19

Audited Remuneration Report 25

Director's Declaration 35

Annual Financial Report 37

Independent Auditor's Report 70

Auditor's Declaration of Independence 72

Corporate Governance Statement 73

Shareholder Information 80

Corporate Directory 81

BC Iron Limited Annual Report 2016 1