Carbine Resources Limited · ASX:CRB
Carbine Resources — Shareholder Meeting (May 2010)
14 slides from Carbine Resources's shareholder meeting presentation, May 31, 2010
Slide 1: 2009 AGM Presentation
For personal use only 2009 AGM Presentation 28 May 2010
Slide 2: Disclaimer
Disclaimer For personal use only ♦ The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Carbine Resources Limited (“Carbine”) or its respective employees, agents or consultants (Information) is p
Slide 3: Highlights
Highlights For personal use only ♦ New West African focus ♦ Signed earn-in agreement with Ampella Mining over the Madougou Project in Burkina Faso ♦ Burkina Faso a highly prospective region for gold exploration ♦ Board and Management re-structured ♦ 2 capital raisings for a total of $3m ♦ Aggressive
Slide 4: Board & Senior Management
Board & Senior Management Board For personal use only ♦ Aoife McGrath - Executive Director Exploration ♦ Geologist ♦ Evan Cranston - Non Executive Director ♦ Legal / Financial ♦ Dr. Paul Kitto - Non Executive Director ♦ Geologist ♦ Mr Ronald Sayers - Non Executive Director ♦ Commercial Senior Manage
Slide 5: Capital Structure
Capital Structure For personal use only Total Ordinary Shares on Issue 85M Options on Issue CRBO ($0.15 July 11) 37M Number of Shareholders ~683 Top 20 Shareholders ~51% Market Capitalisation at 30c ~$25M (undiluted May 2010) Cash ~$4M
Slide 6: JV Details
JV Details For personal use only ♦ Earn-in over the Madougou Project ♦ comprising the Kandy and Madougou Permits ♦ $3m over 3 years for 51% ♦ Further $2m over 2 years for 70% ♦ Fund pre-feasibility over 12 months for 80% ♦ JV thereafter Artisanal workings at Nimbo Prospect
Slide 7: West Africa – why?
West Africa – why? For personal use only ♦ Largest growth in gold resources in the world 1997 – 2005* ♦ Large tracts of Greenstone Belts still under-explored ♦ Global recognition of prospectivity of the region *Source: USGS Mineral Commodities Summaries
Slide 8: Burkina Faso – why?
Burkina Faso – why? For personal use only ♦ Independent – 1960 ♦ Politically stable – 1987 ♦ Pro-active Mining Government ♦ New mining code – 2003 ♦ 2003 – 2010 = 5+ new gold mines ♦ Ranked 6th best African country for investment* ♦ Ranked 4th poorest country in the world (UN) ♦ Underlain by 22% Bir
Slide 9: Madougou Gold Project
Madougou Gold Project For personal use only ♦ 465km2 – 2 permits ♦ Madougou and Kandy ♦ 180km NW of capital ♦ Good infrastructure ♦ Trans-crustal Deformation Corridor ♦ Birimian Greenstone ♦ Numerous prospects already identified
Slide 10: Previous Exploration
Previous Exploration For personal use only ♦ Not extensively explored ♦ Limited geochemistry, geophysics & scout drilling ♦ 100+km2 of gold mineralisation ♦ Extensive artisanal workings ♦ Blanket of transported cover
Slide 11: Historical Results
Historical Results Nimbo: For personal use only ♦ 8m at 20.86g/t gold ♦ 4m at 8.35g/t gold ♦ 4m at 8.20g/t gold Dagabenan: ♦ 14m at 4.76g/t gold ♦ 12m at 1.74g/t gold Gousirdou: ♦ 10m at 6.66g/t gold Dore: ♦ 6m at 3.4g/t gold ♦ 10m at 1.6g/t gold
Slide 12: Exploration Plan
Exploration Plan For personal use only ♦ $3.4 million budget ♦ Aims: ♦ To follow up on prospects ♦ Systematic regional exploration ♦ 9,500m of Reverse Circulation ♦ 1,000m of Diamond Drilling ♦ 40,000m of Aircore / Auger ♦ 5,300 line kms high-resolution airborne geophysics ♦ 9,000 soil samples
Slide 13: Red Dam Project
Red Dam Project ♦ 45km Northwest of For personal use only Kalgoorlie ♦ Mineralisation open along strike and downdip ♦ Granted Mining Lease ♦ Seeking divestment opportunities Red Dam Mineral Resource Estimate (JORC) Cut-off Contained Grade Category Tonnes* Grade* Gold* Au (g/t) (t) Au (g/t) (Ounces)
Slide 14: For personal use only
For personal use only Australia Office Suite 23, 513 Hay Street Subiaco WA 6008 Ph: +61 8 6142 0980 Burkina Faso Office 128 Rue Kindfu Secteur 13 Zone du Bois 01 BP Ouagadougou 01 www.carbineresources.com.au