Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — RIU Sydney Resources Roundup 2023
28 slides from Black Cat Syndicate's conference presentation, May 2023
Slide 1: Investor Presentation
Investor Presentation RIU - Sydney Resources Roundup May 2023
Slide 2: Disclaimer, distribution and disclosure
Disclaimer, distribution and disclosure Disclaimer and not for US distribution This presentation includes forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential m
Slide 3: Investment summary
Investment summary Exploration and mining Two of Australia’s highest development company grade gold deposits Decision to restart mining +2.4Moz gold Resource at Paulsens in mid-2023 with strong growth 465koz Installed processing Multi-commodity potential infrastructure across all assets Experienced
Slide 4: Simple structure, experienced team
Simple structure, experienced team Corporate Information Board of Directors Shares on issue 267M Gareth Solly • Former Senior Management roles with Norilsk Nickel, Silver Lake Options 6.5M Managing Director Resources and Saracen BSc (1st Class Hons.), Dip Business • Registered Mine Manager at Daisy
Slide 5: Operating model
Operating model • Always acting safely OUR VALUES • Maximising expenditure in the ground • Rapid Resource growth (discovery & acquisition) • Exploration orientated for future production • Focus on margins OWNERSHIP AGILITY to ensure to drive action and • Use cashflow to fund growth responsibility de
Slide 6: Asset overview
Asset overview Paulsens Coyote Kal East • High-grade underground gold • High-grade underground gold • 1.3Moz gold Resource in Resource: 322koz @ 10.1g/t Resource: 356koz @ 14.6g/t an active mining region • Two drill rigs delivering • >1,000oz/vm to a depth of • Pre-Feasibility Study regular high-gra
Slide 7: Paulsens Operation
1 PAULSENS OPERATION Preparing for Restart 7
Slide 8: A high quality, well maintained operation
1 PAULSENS OPERATION A high quality, well maintained operation 1,000km2 of highly prospective ground Well maintained 450ktpa plant Dewatered underground gold mine Key infrastructure and permits in place Potential for a rapid, low capital restart U/G Resource - 322koz @ 10.1g/t & growing Ongoing dril
Slide 9: A fast growing, high-grade gold system
1 PAULSENS OPERATION A fast growing, high-grade gold system • Total open pit and underground Resources have more than doubled to 465koz @ 3.6g/t Au since acquisition • Includes a high-grade underground Resource of 322koz @ 10.1g/t (58% Measured & Indicated) close to existing workings • 360% increase
Slide 10: Preparing for a restart decision
1 PAULSENS GOLD OPERATION Preparing for a restart decision • Mining Licences with approvals • Established infrastructure in good condition: • +110-person operational camp • Underground mine dewatered and ventilated • Sealed road connecting site to regional centres • Well maintained, 450ktpa processi
Slide 11: Gabbro Veins – potential high-grade start-up mining area
1 PAULSENS GOLD OPERATION Gabbro Veins – potential high-grade start-up mining area • Located adjacent to, and up to 200m from, the existing decline • Occur in swarms over a 1.2km plunge length with bonanza grades in veins up to 4m wide • Significant Gabbro Vein Resource growth already with extension
Slide 12: Hunting for another Paulsens
1 PAULSENS GOLD OPERATION Hunting for another Paulsens • High priority potential “Paulsens Repeat” target identified in 2018 $2M 3D seismic survey • Potentially transformational discovery target • Similar Gabbro host unit, located below the Paulsens Mine Gabbro • Lower Gabbro extends for 1,250m comp
Slide 13: Significant regional gold and base metal potential
1 PAULSENS GOLD OPERATION Significant regional gold and base metal potential Gold deposits form on second order splays of the Nanjilgardy Fault. • Substantial rock chip and soil anomalism with limited drilling • Priority gold drilling targets include: • Belvedere • Mt Clement • Eagles Lair • Tombsto
Slide 14: Belvedere
1 PAULSENS GOLD OPERATION Belvedere The beginning of another Paulsens? • 5km from Paulsens on granted mining lease • Current Resource: 30koz @ 3.9 g/t Au 6.29g/t Au • High grade gold lodes remain open: (shaft) • 4.0m @ 28.95 g/t Au & 91 g/t Ag from 69m 3.96g/t Au • 9.0m @ 12.72 g/t Au from 73m (shaf
Slide 15: Mt Clement: polymetallic growth potential
1 PAULSENS OPERATION Mt Clement: polymetallic growth potential • Australia’s 3rd largest and 2nd highest grade antimony (Sb) deposit • Located ~30km SW of processing plant on granted Mining Leases • Mineral Resource: 13.9kt Sb, 1.6kt Cu, 18.7kt Pb, 66koz Au and 1.5Moz Ag (contained metal) – open in
Slide 16: Coyote Operation
2 COYOTE OPERATION High-grade gold with scale and exploration potential
Slide 17: High-grade resource and untested multi-metal potential
2 COYOTE GOLD OPERATION High-grade resource and untested multi-metal potential 885km2 of highly prospective ground Open pit and underground workings to a depth of 320m below surface 300ktpa plant with ability to upgrade to 700ktpa with already owned mill Care and maintenance since 2013 No systemic e
Slide 18: One of the highest grade gold deposits in Australia
2 COYOTE GOLD OPERATION One of the highest grade gold deposits in Australia Coyote Central • Focused on the previously overlooked Axial Core (“hinge”) Zone • Five months drilling delivered a 60% increase in Coyote Central Resource: • >1,000oz / vertical metre • Extends to a depth of 400m with minera
Slide 19: Multi-million ounce and multi-metal regional potential
2 COYOTE GOLD OPERATION Multi-million ounce and multi-metal regional potential • Mineralisation is controlled by intersection of NW/NE faults and folded stratigraphy • Largest Tanami gold deposits occur in fold hinges (e.g. Callie – 14Moz) • Multi-kilometre scale Au, As & Bi anomalies are priority t
Slide 20: Kal East Gold Project
3 KAL EAST GOLD PROJECT Pathway to production 20
Slide 21: Development ready with upside
3 KAL EAST GOLD PROJECT Development ready with upside ~1,000km2 in an active gold mining region Large 1.3Moz Resource with multi-million ounce potential Historical production of ~600koz Robust Pre-Feasibility Study completed in June 2022 • A$106m pre-tax cashflow @ A$2,500/oz; • Sensitivities +$34M
Slide 22: Upcoming activity schedule
Upcoming activity schedule Q2 2023 Q3 2023 Q4 2023 2024 ASX: BC8 | May 2023 22
Slide 23: Investment Summary
Fast growing high-grade +2.4Moz gold Resource Established processing infrastructure Investment Active exploration program and mining studies Summary Potential restart decision mid-2023 & gold in 2024 Positioned for improving gold sentiment Experienced team ASX: BC8 | May 2023 Refer BC8 Resource ASX
Slide 24: Thank you
Thank you 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.bc8.com.au
Slide 25: Regional copper potential close to Paulsens
1 PAULSENS OPERATION Regional copper potential close to Paulsens • Surface sampling ~5km south of Paulsens has identified a broad zone of surface copper anomalism • Rock chip sampling with assays as high as 29.2% copper • Historic underground mine workings in the area targeting oxide copper • Copper
Slide 26: Gold Resources summary
Gold Resources summary Measured Resource Indicated Resource Inferred Resource Total Resource Mining Centre Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal (‘000s) (g/t Au) (‘000s oz) (‘000s) (g/t Au) (‘000s oz) (‘000s) (g/t Au) (‘000s oz) (‘000s) (g/t Au) (‘000s oz) Kal E
Slide 27: Polymetallic Resources summary
Polymetallic Resources summary Resource Tonnes Zone Au (g/t) Cu (%) Sb (%) Ag (g/t) Pb (%) Au (koz) Cu (kt) Sb (kt) Ag (koz) Pb (kt) Category (‘000) Inferred 415 - 0.4 0.2 76.9 - * 1.6 0.7 1,026 - Western Total 415 - 0.4 0.2 76.9 - * 1.6 0.7 1,026 - Inferred 794 - - 1.7 17.0 2.4 * - 13.2 434 18.7 Ea
Slide 28: Ore Reserves – Kal East
Ore Reserves – Kal East Probable Total Deposit Tonnes (‘000s) Grade (g/t Au) Ounces Tonnes (‘000s) Grade (g/t Au) Ounces Myhree 584,500 2.4 45,600 584,500 2.4 45,600 Boundary 119,500 1.5 5,700 119,500 1.5 5,700 Open Pit Ore Reserves Jones Find 349,500 1.5 16,500 349,500 1.5 16,500 Fingals Fortune 2,
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