Caspin Resources Ltd. · ASX:CPN
Caspin Resources — Investor Presentation (September 2025)
12 slides from Caspin Resources's investor presentation, Sep 3, 2025
Slide 1: Company Presentation - Maiden Kelpie Mineral Resource Estimate
For personal use only COMPANY PRESENTATION CASPIN RESOURCES (ASX: CPN) September 2025 Maiden Kelpie Mineral Resource Estimate A grey globe with black background Icon A white and black logo AI-generated content may be incorrect. Description automatically generated AI-generated content may be incorrec
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: Bygoo Project Overview
Bygoo Project Overview In the heart of the Wagga Tin Granite Belt, NSW • 100% ownership of 3 granted exploration licenses covering 1,180km2 For personal use only • Surrounds the Ardlethan Tin Mine (excised), which was the largest tin mine on mainland Australia, producing >31kt Sn until 1986 Recent
Slide 4: 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 5: Well Defined Mineralisation
Well Defined Mineralisation Significant room for growth A A’ For personal use only Kelpie Deposit Section A-A’ Kelpie Deposit MRE Plan B B’ Kelpie Deposit Section B-B’ 5
Slide 6: Very Large Exploration Target
Very Large Exploration Target Major upside to be realised by more drilling • Exploration Target of: 12-20 million tonnes (Mt) grading 0.35-0.50% Sn For personal use only • Growth in Kelpie to be realised by: Infill drilling between resource lodes Extensions up to 250m along strike to the north a
Slide 7: Excellent potential to host a large-scale tin province
Excellent potential to host a large-scale tin province Majority of the project yet to be effectively explored • Kelpie Deposit and Exploration Target represent just 5% of the For personal use only prospective eastern contact of the Ardlethan Granite • 20km of prospective contact, very little modern
Slide 8: New Target Developing At Ardlethan East
New Target Developing At Ardlethan East Attractive Ardlethan Mine ‘look-a-like’ target For personal use only • Multiple coherent basement geochemical anomalies • Peak assay of 1.86% Sn from bottom of role RAB, with no follow-up drilling • Rock chips nearby >0.1% Sn • Coincident with magnetic feature
Slide 9: Metallurgical Testing Underway
Metallurgical Testing Underway Key to Economic Processing • Petrology performed on several thin sections from Cassiterite is the only tin mineral For personal use only BNRC011: 35m @ 2.10% Sn that can be economically processed, • Tin occurs as Cassiterite (SnO2) usually through gravity separation •
Slide 10: Kelpie – A Significant Australian Tin Project
For personal use only Kelpie – A Significant Australian Tin Project 1 1. Peer group represents all ASX listed companies with primary tin assets and First Tin PLC, listed on LSE. 2. MLX Ore Reserve Update 31 January 2025 3. SKY ASX Announcement 23 January 2024 Kelpie is an 4. SRZ ASX Announcement 4 S
Slide 11: Corporate Overview
CORPORATE OVERVIEW Successful exploration, corporate and capital markets team CPN – ASX Share Performance (6 months) LEADERSHIP TEAM $0.080 2,000,000 Volume Close $ $0.070 1,800,000 For personal use only 1,600,000 $0.060 1,400,000 $0.050 1,200,000 $0.040 1,000,000 $0.030 800,000 600,000 $0.020 400,0
Slide 12: 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: admin@caspin.com.au ASX: CPN A grey globe with black background Icon A white and black logo FOLLOW US: AI-generated content may be incorrect. Description automatica
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