Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Investor Presentation (August 2017)
26 slides from Capricorn Metals's investor presentation, August 2017
Slide 1: Investor Update August 2017
Investor Update August 2017 A compelling opportunity in the Australian gold sector
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement CAUTIONARY STATEMENT – FORWARD LOOKING STATEMENTS This announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events an
Slide 3: A Compelling Opportunity in the Australian Gold Sector
A Compelling Opportunity in the Australian Gold Sector A simple, straightforward development and growth opportunity • 100% owned Karlawinda Gold Project in the Pilbara region of WA • First class jurisdiction with existing infrastructure • Large scale 1.1Moz (31Mt @ 1.10g/t) Mineral Resource (Indicat
Slide 4: A Compelling Opportunity in the Australian Gold Sector
A Compelling Opportunity in the Australian Gold Sector A simple, straightforward development and growth opportunity • Clear development pathway to gold production • BFS September Quarter 2017 • Subject to BFS • Financing late 2017/early 2018 • Ongoing project optimisation • Construction approx. 12 m
Slide 5: A Rare Opportunity in the Australian Gold Sector
A Rare Opportunity in the Australian Gold Sector A simple, straightforward development and growth opportunity • Experienced team, fully funded beyond decision to mine • $10M cornerstone investment by Hawkes Point Capital • Strong growth potential from new discoveries in under-explored goldfield • $3
Slide 6: Corporate
Corporate Corporate Information ASX Code CMM Shares on Issue 572.4M Share Price as at 1st August 2017 $0.084 Market Cap 1st August 2017 ~$48.1M Cash as at 30th June 2017 $5.5M Unlisted options 46.3M Page 4 capmetals.com.au
Slide 7: Board of Directors
Board of Directors Heath Hellewell (BSc (Hons)) – Executive Chairman • Geologist with +23 years experience in gold, base metals & diamonds • Co-founding Executive Director of Doray Minerals, and previous senior positions with Independence Group NL, Resolute Mining and DeBeers Australia • Co-winner o
Slide 8: Executive Management
Executive Management Peter Thompson (BSc (Hons) MSc) – Chief Operating Officer A high calibre, experienced team • Geologist with extensive experience in gold, nickel and copper • Previous senior roles with WMC, Anaconda Nickel, Jubilee Mines, St Barbara Ltd, Beaconsfield Gold and Central Asia Resour
Slide 9: Karlawinda: First Class WA Location
Karlawinda: First Class WA Location Low risk pathway to development • 100% ownership (1,419km2) • Low-risk Jurisdiction • 70km from Newman by road • Granted Mining Lease • Native Title agreement in place • Environmental framework understood • World-class infrastructure and support services • Airport
Slide 10: Capricorn Orogen - Regional Geology
Capricorn Orogen - Regional Geology Karlawinda – A new gold discovery in a premier mining district Page 8 capmetals.com.au
Slide 11: Bibra Gold System
Bibra Gold System Predictable, structurally controlled mineralised system • Large scale Archaean mineralised system comprising multiple large scale ore zones • Broad shoots developed along low angle mineralised structures • Multiple trends only partially drill tested • Shoots are continuous down plu
Slide 12: Bibra Gold Deposit
Bibra Gold Deposit Predictable shear-hosted mineralised system • Bibra Deposit defined over a 1.1km strike length • Drilled 800m down-dip and remains open • Broad ore zones up to 50m wide • Mineralisation best developed in large “dilational” shoots within the shear system • Large laterite and oxide
Slide 13: Bibra Gold Deposit
Bibra Gold Deposit Continuous shoots down plunge Page 11 capmetals.com.au
Slide 14: Bibra Gold Deposit
Bibra Gold Deposit Continuous shoots down plunge Page 12 capmetals.com.au
Slide 15: Bibra Gold Deposit
Bibra Gold Deposit Ore Type & Mineralisation April 2017 - Indicated & Inferred Resource Laterite Domain 1.54 million tonnes @ 1.4g/t for 68,000oz Oxide & Transitional Domain 7.5 million tonnes @ 1.0g/t for 238,000oz Primary Domain 22.3 million tonnes @ 1.1g/t for 808,000oz • Biotite, carbonate, magn
Slide 16: Resource – Karlawinda Project
Resource – Karlawinda Project April 2017 upgrade KARLAWINDA GOLD PROJECT JORC (2012) OPEN PIT RESOURCE ESTIMATE (as of April 2017) MEASURED INDICATED INFERRED TOTAL DATE Grade Ounces Grade Ounces Grade Ounces Grade Ounces Tonnes (Mt) Tonnes (Mt) Tonnes (Mt) Tonnes (Mt) (g/t Au) (Moz) (g/t Au) (Moz)
Slide 17: Resource – Karlawinda Project
Resource – Karlawinda Project April 2017 upgrade • Drill spacing 25 x 25m and 25m x 50m • 889 Reverse Circulation drill holes: 119,857m • 84 Diamond drill holes: 12,211m (~10%) including • 41 metallurgical diamond holes:4,174m • 5 geotechnical diamond holes: 1,115m • CMM spend to date ~$15M Page 15
Slide 18: Reserve – Bibra Deposit
Reserve – Bibra Deposit August 2017 BIBRA GOLD DEPOSIT JORC (2012) ORE RESERVE ESTIMATE (as of AUGUST 2017) PROVEN PROBABLE TOTAL DATE Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (Mt) (g/t Au) (Moz) (Mt) (g/t Au) (Moz) (Mt) (g/t Au) (Moz) AUGUST --- --- --- 21 1.06 0.713 21 1.06 0.71
Slide 19: Mining
Mining BFS Preliminaries • Significant annual production profile from large-scale, multi- staged open pit • Very attractive stripping ratios: • Stage One - 2.9:1 • LOM - 4.7:1 Strip Ratio Pit Stage Tonnes Grade Ounces (Waste : Ore) (g/t Au) 1A 554,000 0.9 16,000 5.4 : 1 1B 1,630,000 1.2 63,000 3.1 :
Slide 20: Mining
Mining BFS Preliminaries • Comfortable mining rates, consistent material movement • Favourable geotechnical conditions, HW overall slope ~47o, FW ~25o • Scale and optionality around equipment size and schedule should result in low mining costs • Contract mining versus owner operator under review (po
Slide 21: Processing
Processing Recovery Testwork Scoping Study DFS BFS Preliminaries Test Ore Type Units Grade (g/t) Recovery (%) Recovery (%) (P80 grind size) (P80 grind size) • Conventional 3Mtpa CIP circuit Laterite % 1.4 - < 10 • Recent optimisation of comminution circuit - delivered Gravity Oxide % 1.0 - 25 operat
Slide 22: Infrastructure
Infrastructure BFS Preliminaries • Potential 66kV powerline from Newman power station (67km) to site • 11kV reticulation to site infrastructure (plant, borefield, camp and TSF) • Potential BOO(T) arrangement on powerline, low capex with opex savings compared to onsite diesel generation • Post BFS op
Slide 23: Exploration
Exploration Resource Expansion Opportunities • Breakthrough in local scale understanding of geology and mineralisation controls • Expansion opportunities within and immediately adjacent existing pit shell • Portrush Trend • Southern Corridor • Numerous targets along key structures (IP, Aeromagnetics
Slide 24: Exploration
Exploration • First-mover opportunity in emerging Archaean Unlocking the potential of a new gold camp greenstone province • Analogous with Plutonic Dome (10.6Moz) • Camp-scale multi million ounce potential • Limited early stage exploration outside the immediate Bibra Deposit • Systematic collection
Slide 25: Key Investment Takeaways
Key Investment Takeaways A rare opportunity in the Australian gold sector • Simple, well-understood WA gold project • Substantial stand alone, open pit project with benign metallurgy • Clear development path and timing • BFS: Sept Quarter 2017 • Project Funding: End 2017 / Early 2018 • Commence Cons
Slide 26: Capricorn Metals Ltd (ASX: CMM)
Capricorn Metals Ltd (ASX: CMM) Level 1, 28 Ord Street West Perth, WA enquiries@capmet.com.au +61 89212 4600 www.capmetals.com.au
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