Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Shareholder Meeting (November 2021)
27 slides from Black Cat Syndicate's shareholder meeting presentation, Nov 25, 2021
Slide 1: AGM Chair Address and Presentation
ASX ANNOUNCEMENT 25 November 2021 AGM CHAIR ADDRESS AND PRESENTATION CHAIR ADDRESS – 2021 ANNUAL GENERAL MEETING I believe Black Cat offers the following opportunity to investors: • We are committed to building an organisational culture that executes the Company’s strategy and operations in a safe a
Slide 2: AGM Chair Address and Presentation (continued)
AGM CHAIR ADDRESS AND PRESENTATION We are undertaking studies with a view to a decision to develop mines and to construct a processing facility in 2022; the milling facility and much of the infrastructure has already been acquired: We remain on track to make a decision to develop mines and to constr
Slide 3: AGM Presentation November 2021
Click to edit Master title style AGM Presentation November 2021
Slide 4: Disclaimer, Distribution and Disclosure
Disclaimer, Distribution and Disclosure Disclaimer and not for US distribution This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-lookin
Slide 5: Investment Highlights
Investment Highlights • Large underexplored landholding: • ~800km2 within 50km of Kalgoorlie • 1.24Moz @ 2.2g/t Au, growing rapidly • Fast-tracked exploration strategy: • Fingals Mining Centre growth • Majestic Mining Centre growth • Low-cost development strategy: • Centralised processing facility •
Slide 6: Company Overview
Company Overview
Slide 7: The Company - Simple Structure, Experienced Team
The Company - Simple Structure, Experienced Team Corporate Information Board of Directors Shares on Issue 140.8M Gareth Solly Previous roles include senior management roles Managing Director with Norilsk Nickel, Silver Lake Resources and Options @ ~$0.33 (av.) 13.3M BSc (1st Class Hons.), Dip
Slide 8: Kal East Gold Project - Enviable Ground Position
Kal East Gold Project - Enviable Ground Position • Proven gold tenure: • >600,000oz produced historically • ~800km2 of prospective holding • 76% of leases granted • 26% granted mining leases • Significant discovery potential • Excellent infrastructure: • All weather roads • Local service provide
Slide 9: High Grade Resources - 1.2Moz in <4 years… and growing
High Grade Resources - 1.2Moz in <4 years… and growing • 12 transactions, 18 projects in 3 years: • 532,000oz Resource acquired • Ongoing drill programs: • 150,000m drilled in 3 years • 706,000oz Resource discovered • >80% of expenditure into the ground • >90,0000m drilling in 2021 • Current Resour
Slide 10: Development Plan
Development Plan
Slide 11: Centralised Processing Facility
Centralised Processing Facility • Low-cost development strategy • Strategic location: • 50km east of Kalgoorlie • Conventional gravity & CIL circuit: • Resources are free milling • Amenable to 3rd party ore sources • Experienced team • JMD Engineering • Processing Manager employed • Short haulage di
Slide 12: Moving Ahead of the Pack
Moving Ahead of the Pack • 1.5Mtpa milling circuit purchased for $1.2M: • 1.85MW & 1.45MW Outokumpu ball mills1 • Excellent condition and now relocated to Kalgoorlie • Infrastructure, auxiliaries, critical spares and lime silo • Reduced capital, reduced lead time, reduced risk • Initial plan to inst
Slide 13: Approvals - Well Advanced
Approvals - Well Advanced • Granted mining leases: • >97% of all Resources on granted leases • Completed DMIRS Approvals: • Myhree Open Pit • Majestic Underground • Majestic and Bulong water abstraction • Processing Plant • Expected Approvals: • Tailings Storage (submitted) - Dec 2021 • Works Approv
Slide 14: Mining Centres
Mining Centres
Slide 15: Myhree Mining Centre - Ready to Mine
Myhree Mining Centre - Ready to Mine • 259koz @ 2.8 g/t Au • Myhree open pit: Unmined Open Pit • Fully approved • Start up capital - A$2.8M • Grade control drilling commenced • Myhree underground: • Stoping widths up to 14m, long hole mining • High grade hits at depth eg. 4.6m at 11g/t from 185m Pit
Slide 16: Majestic Mining Centre - In the Shadow of the Mill
Majestic Mining Centre - In the Shadow of the Mill • 472koz @ 2.0 g/t Au • 184koz @ 5.2 g/t Au (UG) Mined Pit Mined Pit • Ounces per vertical metre • >1000 oz/m • Drilling constrained • 2021 drilling: • Reserve conversion • Resource extension • Underground intercepts: • 9m @ 6.16g/t Au from 136m •
Slide 17: Fingals Mining Centre - An Overlooked Treasure
Fingals Mining Centre - An Overlooked Treasure • 275koz @ 2.2 g/t Au • >200% growth in <18 months and open in all directions • Potential large scale open pit with satellite deposits • 8km from mill site • Growing underground targets • 4.00m @ 34.05 g/t Au from 122m • 2.49m @ 12.43 g/t Au from 170m
Slide 18: Fingals Mining Centre - Substantial Upside Potential
Fingals Mining Centre - Substantial Upside Potential • Historical pit mined 37koz targeting south plunging shoot Extensive drilling program required! • Now proven >400m down plunge - open to north, south and east Refer ASX releases 3 & 23 September,12 November 2020 & 21 & 28 January, 29 March,12 Ap
Slide 19: Fingals Fortune - Digging Deeper
Fingals Fortune - Digging Deeper • Geological understanding has developed rapidly • New targets delineated, ready for drilling: • Target 1 - Along strike of the Western Shear Lodes and high-grade South Lodes • Target 2 - Eastern strike and down plunge extension of South Lodes • Target 3 - East Lodes
Slide 20: Trojan Mining Centre - Strong Growth Potential
Trojan Mining Centre - Strong Growth Potential • Big system, acquired November 2020: • Historic open pit mined - 2.0Mt @ 1.97 g/t Au for 125koz • Current Resource - 2.1Mt @ 1.70 g/t Au for 115koz - open along strike and at depth • Potential extension south of dyke and along parallel shears: • New R
Slide 21: Kal East Gold Project Pipeline
Kal East Gold Project Pipeline Refer ASX releases: 24 September 2019 and 29 May, 10 & 24 July, 7 & 30 October and 12 November 2020 • Quality targets at all stages of development • >90,000m in 2021 drilling to define Ore Reserves, grow Resources and make discoveries Discovery Majestic Regional Trojan
Slide 22: Next Steps
Next Steps
Slide 23: Positioning for Production in 2022
Positioning for Production in 2022 • Key objectives: • Drilling - >90,000m in 2021 • Resources growth - currently ~1.24Moz (Resource upgrades ongoing) • Maiden Ore Reserves - targeting >3 years • Re-optimisation of mine plans • Engineering for Feasibility Study • All major mill components secured: ‐
Slide 24: Investment Highlights
Investment Highlights • Large underexplored landholding: • ~800km2 within 50km of Kalgoorlie • 1.24Moz @ 2.2g/t Au, growing rapidly • Fast-tracked exploration strategy: • Fingals Mining Centre growth • Majestic Mining Centre growth • Low-cost development strategy: • Centralised processing facility •
Slide 25: Connect with us
Connect with us Level 3, 52 Kings Park Road, West Perth WA 6005 PO Box 184, West Perth WA 6872 +61 (0) 458 007 713 | admin@bc8.com.au ABN 63 620 896 282 www.blackcatsyndicate.com.au
Slide 26: JORC 2012 Resource Table
JORC 2012 Resource Table The announcements containing the Table 1 Checklists of Assessment and Reporting Criteria relating for the 2012 JORC compliant Measured Resource Indicated Resource Inferred Resource Total Resource Resources are: Metal Metal Metal 1. Myhree Mining Centre: Tonnes Grade Tonnes G
Slide 27: Significant Regional Potential - 800km2
Significant Regional Potential - 800km2 Growth is Drilling Constrained Hampton –Victory Corridor Refer ASX releases: 24 September 2019 and 29 May, 10 & 24 July, 7 & 30 October and 12 November 2020 Numerous targets along prospective corridor Anomaly 38 Targeting source of mineralised paleochannel 2m
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