Caspin Resources Ltd. · ASX:CPN
Caspin Resources — RIU Sydney Resources Round-up (May 2026)
17 slides from Caspin Resources's conference presentation, May 6, 2026
Slide 1: Company Update
For personal use only Company Update CASPIN RESOURCES (ASX: CPN) GREG MILES, Managing Director 6 May 2026 www.caspin.com.au
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not
Slide 3: Corporate Overview
CORPORATE OVERVIEW Successful exploration, corporate and capital markets team CPN – ASX Share Performance (6 months) LEADERSHIP TEAM $0.200 4,000,000 Volume Close $ $0.180 3,600,000 For personal use only $0.160 3,200,000 $0.140 2,800,000 $0.120 2,400,000 $0.100 2,000,000 $0.080 1,600,000 $0.060 1,20
Slide 4: Projects
PROJECTS BYGOO TIN PROJECT, New South Wales Australian projects offering a diverse mix of • 100% owned commodities and excellent opportunity to add value through exploration and discovery For personal use only • Growing Australia’s highest-grade, open pit tin resource YARAWINDAH BROOK PROJECT, Weste
Slide 5: Tin: The original critical metal
Tin: The original critical metal • Outstanding price performance past 12 months • Longer-term fundamentals supported by growth in electrification For personal use only COPPER TIN $18,000 $56,000 $16,000 $48,000 $14,000 $40,000 $12,000 $32,000 $10,000 $24,000 $8,000 $6,000 $16,000 30-Apr-25 31-May-25
Slide 6: Tin Supply and Demand
Tin Supply and Demand Very strong fundamentals for an important technology metal • Significant production from developing countries: • Increasing demand in electronics: For personal use only DRC Data centers Myanmar New solar cell technology Indonesia EV growth • Limited significant new
Slide 7: Bygoo – An Emerging Tin Project
BYGOO – An Emerging Tin Project In the heart of the Wagga Tin Granite Belt, NSW • 100% ownership of the Bygoo Tin Project covering 1,500km2 For personal use only • Surrounds the Ardlethan Tin Mine (excised), which was the largest tin mine on mainland Australia, producing >31kt Sn until 1986 Maiden
Slide 8: Maiden Resource Estimate – Kelpie Deposit
Maiden Resource Estimate – Kelpie Deposit A significant step towards a viable mining project • Inferred Mineral Resource Estimate of: 3.94Mt @ 0.5% Sn for 19,300t of contained tin For personal use only • Very robust estimate based on >20,000m of drilling • Defined within an optimised pit shell to 19
Slide 9: Latest News – More High-Grade Drill Results
Latest News – More High-Grade Drill Results Significant results outside Kelpie resource envelope • 21m @ 0.78% Sn For personal use only Incl. 5m @ 1.54% Sn (BRC033) >75m down-plunge extension. • Follows previous results including: • 13m @ 1.16% Sn (BRC018) • 24m @ 0.50% Sn (BRC019) • 17m @ 0.45% S
Slide 10: Kelpie Deposit - Metallurgy Results
Kelpie Deposit - Metallurgy Results Excellent Results with simple flowsheet = Competitive Advantage • Clean cassiterite (SnO2) mineralisation For personal use only • Results compare favourably to every tin mine and development project Recoveries commonly circa 75-80% • Options to develop either a
Slide 11: Kelpie Amenable to Ore Sorting
Kelpie Amenable to Ore Sorting Positive results from first inspection testing at TOMRA • High-grade feed upgrade approximately 3x times with 71% mass rejection For personal use only • Low-grade feed upgrade approximately 6x times with 92% mass rejection • Only a small volume test, but provides confi
Slide 12: New Target Developing at Ardlethan East
New Target Developing at Ardlethan East Discovery of new deposits a key part of Caspin’s strategy • Kelpie Deposit and Exploration Target represent just 5% of the prospective eastern For personal use only contact of the Ardlethan Granite • 20km of prospective contact and key structures, with very li
Slide 13: Latest News: Drilling Soil Anomalies at Ardlethan East
Latest News: Drilling Soil Anomalies at Ardlethan East Attractive Ardlethan Mine ‘look-a-like’ target • Multiple Sn anomalies with coincident Sb, Cu, Pb, Zn, Ag, In + Bi • Common elements in hydrothermal tin mineralisation For personal use only • Associated with major fault structures • High-grade r
Slide 14: Kelpie – A Significant Australian Tin Project
Kelpie – A Significant Australian Tin Project 1 For personal use only Kelpie is an exceptional 1. Peer group represents all ASX listed companies with primary tin assets and First Tin PLC, listed on LSE. grade for an 2. MLX Ore Reserve Update 31 January 2025 open pit mining 3. SRZ ASX Announcement 23
Slide 15: Caspin's Investment Proposition
Caspin’s Investment Proposition A significant tin resource, aiming to be the highest-grade open pit tin project in Australia For personal use only High metallurgical recovery from a simple flowsheet – a competitive advantage Drilling results indicate potential to grow the Kelpie resource and make ne
Slide 16: Caspin Resources Limited
For personal use only CASPIN RESOURCES LIMITED Ground Floor, 675 Murray Street West Perth, Western Australia 6005 T: +61 8 6373 2000 E: info@caspin.com.au ASX: CPN FOLLOW US: Receive news direct to your inbox Subscribe on the Caspin website QR 26/03/2 4 www.caspin.com.au
Slide 17: Appendix: OZL Contingent Consideration
APPENDIX: OZL Contingent Consideration Caspin holds the right to receive a potential payment of up to A$20m • On 22 June 2020, OZ Minerals (OZL) and Cassini announced the scheme of arrangement whereby OZL would acquire 100% of For personal use only Cassini, consolidating its ownership of the West Mu
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