Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Diggers & Dealers Conference 2016
19 slides from Capricorn Metals's conference presentation, Aug 2, 2016
Slide 1: Fast-Tracking to Production
FAST-TRACKING TO PRODUCTION ASX Code: CMM Diggers & Dealers Conference Kalgoorlie 2nd August 2016 ABN 841 21 700 105 www.capmetals.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement CAUTIONARY STATEMENT – FORWARD LOOKING STATEMENTS This announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events and
Slide 3: Capricorn Metals
Capricorn Metals Developing a significant new Australian gold project ASX-listed with a A$73M market cap (at A$0.15) 100% owned Karlawinda Gold Project, WA 914,000oz JORC 2012 Resource (25.5mt @ 1.1g/t Au) Targeting large-scale open pit mining opportunity Go ahead given for Definitive Feasibility St
Slide 4: Corporate Overview
Corporate Overview Corporate Information Board of Directors ASX Code CMM Guy Le Clezio Non‐Executive Chairman (World Titanium Resources / Eyres Reed) Shares on Issue 487m Peter Thompson Managing Director Share Price as at 28 July 2016 15c (WMC / St Barbara / Jubilee / Anaconda) Market Cap 28 July 20
Slide 5: Karlawinda Gold
Karlawinda Gold Major Growth Project in an emerging goldfield Located in the Pilbara District, WA Not discovered till 2005: FIRST MOVER OPPORTUNITY Large-scale Archaean gold system rapidly emerging Aiming to development of a large-scale open pit mining operation Rapid Progress: Project acquired: Feb
Slide 6: Fast Tracking to Production
Fast Tracking to Production Bibra Inferred Resource – 25.5mt @ 1.1g/t for 914,000 ounces gold Mineralisation Type Tonnes (Mt) Au (g/t) Cut Ounces Laterite 2.1 1.3 85,000 Saprolite 4.3 1.0 142,000 Transitional 1.5 1.2 58,000 Fresh 17.6 1.1 629,000 Total Inferred 25.5 1.1 914,000 Resource Estimation b
Slide 7: Straight to Definitive Feasibility Study
Straight to Definitive Feasibility Study Strong, positive results of scoping study MINING STUDIES Large-scale open pit: staged pit opportunity Near surface ounces Laterite and saprolite: 220,000 ounces Attractive modelled stripping ratios Flat dipping geometries Multiple stacked lodes Favourable geo
Slide 8: Straight to Definitive Feasibility Study
Straight to Definitive Feasibility Study Strongly Positive Results of Scoping Study PROCESSING STUDIES Metallurgy is simple Conventional processing 91-93% recoveries Coarse grind size (106 micron) 30% of gold gravity recoverable Economy of scale: 2.5 to 3.0Mtpa plant Plant design work by Mintrex Goo
Slide 9: Straight to Definitive Feasibility Study
Straight to Definitive Feasibility Study Strongly Positive Results of Scoping Study ENVIRONMENT AND PERMITTING Studies indicate low environmental impact Flora and Fauna Subterranean species Water systems Mining Lease Application (M52/1070) recommended for grant subject to NT process Single registere
Slide 10: Definitive Feasibility Study
Definitive Feasibility Study Building on substantial data and knowledge base Resource upgrade drilling commenced – 60,000m Resource estimation – Indicated and Measured Finalise open pit mining studies Finalise geotechnical assessment Finalise metallurgical variability testing Finalise plant design F
Slide 11: Exploration Strategy
Exploration Strategy Major Growth Project Target significant expansion of current resource base Extension of potential mine-life Target areas identified as prospective for high-grade gold mineralisation Open Pit Underground Well funded: dedicated exploration budget
Slide 12: Exploration Strategy
Exploration Strategy Major Growth Project New gold province Recent discovery (2005) Large-scale Archaean gold system rapidly emerging High Potential Exploration Targets 5 major near-surface targets within 500m of Bibra Resource Targeting high grade mineralisation in open pit and underground location
Slide 13: Exploration Targets: Southern Corridor
Exploration Targets Southern Corridor KBRC040: 9 metres @ 2.5g/t Au KBRC039: 4 metres @ 2.6g/t Au KBRC278D: 8 metres @ 1.1g/t Au KBRC279D: 4 metres @ 1.0g/t Au KBRC152: 2 metres @ 6.5g/t Au KBRC280D: 5 metres @ 3.6g/t Au
Slide 14: Exploration Targets: Tramore Prospect
Exploration Targets Tramore Prospect KBRC021: 12 metres @ 1.5g/t Au KBRC020: 4 metres @ 2.0g/t Au KBRC022: 7 metres @ 1.8g/t Au KBRC071: 6 metres @ 1.1g/t Au KBRC145: 22 metres @ 1.0g/t Au KBRC148: 17 metres @ 1.2g/t Au
Slide 15: Exploration Targets: Portrush Prospect
Exploration Targets Portrush Prospect KBAC377: 8 metres @ 1.15g/t Au KBAC376: 4 metres @ 2.14g/t Au KBRC150: 17 metres @ 1.00g/t Au KBRC071: 12 metres @ 1.02g/t Au
Slide 16: Exploration Targets: Easky Prospect
Exploration Targets Easky Prospect KBRC019: 12 metres @ 1.5g/t Au KBAC570: 8 metres @ 2.6g/t Au KBRC150: 7 metres @ 1.3g/t Au KBAC386: 10 metres @ 1.5g/t Au
Slide 17: Exploration Targets: Francopan-K3 Prospect
Exploration Targets Francopan-K3 Prospect Large-scale mineralised system 5km from Bibra Deposit Strong potential for high grade mineralisation over large area defined by wide-spaced drilling 5km x 2.5km target area Stacked lodes
Slide 18: Exploration Targets: Francopan-K3 Prospect
Exploration Targets Francopan-K3 Prospect KBD001: 37 metres @ 1.9g/t Au. Includes: 8 metres @ 5.1g/t Au and 1 metre @ 21.8g/t Au KBD009: 33 metres @ 1.0g/t Au. Includes: 6 metres @ 4.5g/t Au and 1 metre @ 18.3g/t Au KBD025: 81 metres @ 1.2g/t Au. Includes: 7 metres @ 3.5g/t Au (includes 1 metre @ 20
Slide 19: Fast-Tracking to Success
FAST-TRACKING TO SUCCESS Large Scale gold system Scoping positive -- DFS by 2Q 2017 60,000m Infill & Exploration Drilling underway Pipeline of positive news flow