Carbine Resources Limited · ASX:CRB
Carbine Resources — Austmine 2015 Conference
14 slides from Carbine Resources's conference presentation, May 20, 2015
Slide 1: Mount Morgan Gold & Copper Project
For personal use only Mount Morgan Gold & Copper Project Restarting Mount Morgan Operations: A case study in innovative technology application Austmine 2015 Conference 20th May 2015
Slide 2: Disclaimer
Disclaimer Mineral Resources For personal use only The Indicated and Inferred Resources referred to above were presented by Norton Gold Fields Limited at the Mining 2009 Resource Convention (Brisbane). The presentation was released to the ASX on 28 October 2009 and is available for viewing on the No
Slide 3: The Mount Morgan Opportunity
The Mount Morgan Opportunity For personal use only Utilising technology innovation to unlock significant metal value left behind after 100+ years of operations
Slide 4: Carbine Resources Snapshot
Carbine Resources Snapshot For personal use only Capital Structure Board & Management Shares 140 million Patrick Walta Executive Director (ASX: CRB) Unlisted Options 28 million Evan Cranston Non-Exec Director ($0.05 - $0.20) Market Capitalisation $6.2M Tom Bahen Non-Exec Director (@ $0.044/share) Ca
Slide 5: Mount Morgan Mine Overview
Mount Morgan Mine Overview For personal use only Location & Historical Activity Significant historical gold mine Close proximity to cities, ports & rail Deposit mined for ~100 years Production 8.4Moz Au, 400kt Cu, 1.2Moz Ag ~40Mt tailings deposited on site Environmental legacy owned by QLD gov
Slide 6: 1Moz+ Au Remaining in Tailings
1Moz+ Au Remaining in Tailings For personal use only Resources Tonnes Au (g/t) Cu (%) Au (oz) Cu (t) Indicated 2.49 Mt 1.59 0.16% 127,000 3,900 Inferred 5.86 Mt 1.07 0.14% 202,000 8,400 TOTAL JORC 8.35 Mt 1.23 0.15% 329,000oz 12,300t Low High Low High Low High Low High Low High TOTAL EXP. TARGET* 31
Slide 7: Identified Need for Innovation
Identified Need for Innovation Primary Ore Mining Operations (1882-1980) For personal use only Historical Tailings Operations (1981-1991) 28Mt tailings reprocessed via 3Mtpa CIL plant Excess cyanide consumption caused by soluble copper Operations ceased due to increased copper and falling gold price
Slide 8: Unlocking the Value… Reverse Leach IX – CIL
Unlocking the Value… For personal use only Carbine’s Process Solution: Reverse Leach IX – CIL Application of ion exchange technology to solve soluble copper issue IX technology provides: Selective removal of copper prior to gold CIL extraction Decreased cyanide consumption in gold circuit Additional
Slide 9: Testwork Results
Testwork Results For personal use only Tailings Testwork 80% reduction in cyanide consumption via upfront copper removal Testwork Leach Mechanism Cyanide Consumption As Received Cyanide CIL 5.54 kg/t 75um Grind Cyanide CIL 5.25 kg/t 75um Grind Acid IX & Cyanide CIL 1.00 kg/t 91% recovery of pyrite t
Slide 10: Carbine's Flowsheet
Carbine’s Flowsheet Multiple by-products = For personal use only Low All-in Sustaining Costs Historical Tailings Norton Feasibility Carbine Scoping Metal Extraction Reprocessing Study Study (1981 – 1991) (2010) (2014) Gold 50 - 55% 65% 78% Pyrite - 86% 91% Copper - - 56%
Slide 11: Scoping Study Results
Scoping Study Results Parameters For personal use only Parameter Value Notes Mine Life 8 years JORC resources only Annual Throughput 1,000,000 t/yr Based on available JORC resources Production Gold 36,000 oz/yr High grade resources targeted Copper 850 tpa during initial years of operations Pyrite 23
Slide 12: Achieving Project Milestones
Achieving Project Milestones For personal use only 2014 2015 2016+ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Project DD & Acquisition Phase 1 Testwork Phase 2 Testwork Scoping Study Drilling Program Phase 3 Testwork Preliminary Feasibility Study * Bankable Feasibility Study * Planned point of early Detailed Plant Des
Slide 13: Further Innovation Upside
Further Innovation Upside Additional plans for innovation at Mount Morgan: For personal use only Assessment of the use of copper Resin-in-Leach (RIL) over CCD-IX Likely capex reduction & improvement in copper extraction Production of copper sulphate over copper cathode Capex reduction via removal of
Slide 14: Carbine Resources Limited Contact
For personal use only Carbine Resources Limited Suite 23, 513 Hay Street Australia Office Subiaco, WA, 6008 Suite 23, 513 Hay Street Subiaco WA 6008 Contact Ph: +61 8 6142 0980 Patrick Walta Executive Burkina Director Faso Office RuePh: +61 8 30.248 6142 Porte 790986 Secteur 30 Sin-Yiri 09 www.carbi