Carbine Resources Limited · ASX:CRB
Carbine Resources — Indaba Cape Town 2011
19 slides from Carbine Resources's conference presentation, February 2011
Slide 1: Indaba Presentation
Indaba Presentation Cape Town February 7th -10th 2011
Slide 2: Disclaimer
Disclaimer ♦ 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 provided to the recipie
Slide 3: Highlights
Highlights ♦ New West African focus ♦ Signed earn-in agreement with Ampella Mining over the Madougou Project in Burkina Faso ♦ Board and Management re-structured ♦ 3 capital raisings for a total of $10m* ♦ Increased land package by almost 200% ♦ Aggressive exploration program underway Artisanal work
Slide 4: Board & Senior Management
Board & Senior Management Board ♦ Aoife McGrath - Executive Director Exploration ♦ Geologist / Financial ♦ Evan Cranston - Non Executive Director ♦ Legal / Financial ♦ Dr. Paul Kitto - Non Executive Director ♦ Geologist ♦ Mr Ronald Sayers - Non Executive Director ♦ Commercial Senior Management ♦ Gra
Slide 5: Capital Structure
Capital Structure Total Ordinary Shares on Issue 104M Options on Issue CRBO ($0.15 July 11) 36M Directors / Staff (various 30-45c) 8.3M Number of Shareholders ~898 Top 20 Shareholders ~51% Market Capitalisation at 40c ~$40M (undiluted November 2010) Cash at 31 December 2010 ~$8.5M
Slide 6: West Africa – why?
West Africa – why? ♦ 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 7: Burkina Faso – why?
Burkina Faso – why? ♦ Independent since 1960 & politically stable since 1987 ♦ New mining code – 2003 ♦ Pro-active Mining Government ♦ 2003 – 2010 = 6+ new gold mines ♦ Underlain by 22% Birimian Greenstones ♦ Ranked 5th best African country for investment* ♦ Ranked 4th poorest country in the world (
Slide 8: JV Details
JV Details ♦ 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 9: Madougou Gold Project
Madougou Gold Project ♦ Initially 465km2 – 2 permits ♦ Now 1327km2 – 7 permits ♦ 180km NW of capital ♦ Good infrastructure ♦ Birimian Greenstone ♦ Trans-crustal Deformation Corridor ♦ Numerous prospects already identified
Slide 10: Previous Exploration
Previous Exploration ♦ Not extensively explored ♦ Limited geochemistry, geophysics & scout drilling ♦ 100+km2 of gold mineralisation (soils) ♦ Extensive artisanal workings ♦ Blanket of transported cover
Slide 11: Historical Results
Historical Results Nimbo: ♦ 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: Recent Carbine Activity
Recent Carbine Activity ♦ 3852m of scout RC drilling (July 2010) ♦ Best intersections: ♦ Dore Prospect: 56m at 1.6g/t Au (ended in mineralisation) ♦ Nimbo Prospect: 4m at 9.6g/t Au ♦ Over 5300 line kilometres of geophysics flown (July 2010) ♦ Increased land package by almost 200% - 5 new permits ove
Slide 13: July 2010 Scout RC Program
July 2010 Scout RC Program Nimbo: Intensely ♦ 6 holes, best intersection: altered 4m @ 9.6g/t Au zone with ♦ Structure intersected in anomalous every hole gold ♦ Intense zone of alteration (silica, sericite, chlorite & pyrite) in every hole ♦ Wide quartz veins in every hole Zone of pyrite minz Quart
Slide 14: July 2010 Geophysics
July 2010 Geophysics ♦ Over 5300 line kilometres of high resolution geophysics flown ♦ Many new targets outlined ♦ Structural intersections ♦ Structural Jogs ♦ Fold hinges? ♦ Lithological contrasts Types of new targets outlined by geophysics
Slide 15: Land Package Increase
GY Land Package Increase canine eegpunces LIMITED a ra 1 TOTAL LANDHOLDING OE : en i == NOW / @ eBanpermit. ates 1367 sakms_“ | = » io mia Sg ; i 2 he cae cepovinjalll Pgs neh yy’ ane 7, Sa Sept. (788 sale” =i Dere Permit. y } y Acquired Sept. 2010 (250 sqkms) Regional Structural Trend io i ofr . .
Slide 16: Deep Geochemistry Survey
Deep Geochemistry Survey ♦ Over 10,000 deep geochemistry holes planned on Madougou Permit alone ♦ Madougou Permit is 1 of 7 being explored ♦ 7.4kms of primary gold geochemical anomalies outlined after completion of 1/3 of program over Madougou Permit ♦ Anomalous values over 15 ppb with highest value
Slide 17: Geochemical Anomalies
Yy Geochemical Anomalies © ae LIMITED 800ppb 700ppb Nazala 600ppb Anomalies — Dagbenan Anomalies 400ppb 100ppb 300ppb 40ppb Nimbo 200ppb Anomalies | soos 16ppb -Oppb Qppb 4ppb Oppb LE Om 1000m 2000m 3000m 4000m
Slide 18: Exploration Plan
Exploration Plan ♦ $8.5 million cash in bank ♦ Aims: ♦ To follow up on known prospects: ♦ Mapping & sampling, Auger geochemistry, Aircore, Reverse Circulation and Diamond drilling ♦ Re-logging & alteration studies ♦ Regional scale exploration over new permits: ♦ Mapping and sampling, Geophysics, Aug
Slide 19: Australia Office
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