Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Future Facing Commodities Conference 2023
27 slides from Black Cat Syndicate's conference presentation, Apr 5, 2023
Slide 1: Investor Presentation
Investor Presentation Future Facing Commodities Conference April 2023
Slide 2: Disclaimer, distribution and disclosure
Disclaimer, distribution and disclosure Disclaimer and not for US distribution This presentation includes forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential m
Slide 3: Investment summary
Investment summary Exploration and mining Three advanced assets development company in Western Australia Australia’s third largest Multi-commodity potential antimony (Sb) deposit across all assets 401koz Sb is a critical mineral in +2.3Moz gold Resource the US, EU and Japan with strong growth Instal
Slide 4: Simple structure, experienced team
Simple structure, experienced team Corporate Information Board of Directors Shares on issue 267M Gareth Solly • Former Senior Management roles with Norilsk Nickel, Silver Lake Managing Director Resources and Saracen Options 5.3M BSc (1st Class Hons.), Dip Business • Registered Mine Manager at Daisy
Slide 5: Operating model
Operating model • Always acting safely OUR VALUES • Maximising expenditure in the ground • Rapid Resource growth (discovery & acquisition) • Exploration orientated for future production • Focus on margins OWNERSHIP AGILITY to ensure to drive action and • Use cashflow to fund growth responsibility de
Slide 6: Asset overview
Asset overview Paulsens Coyote Kal East • High-grade underground gold • High-grade underground gold • 1.3Moz gold Resource in Resource: 258koz @ 10.8g/t Resource: 356koz @ 14.6g/t an active mining region • Australia’s largest • Resource open in all directions • Pre-Feasibility Study undeveloped anti
Slide 7: Paulsens Operation
1 PAULSENS OPERATION Preparing for Restart 7
Slide 8: A high quality, well maintained operation
1 PAULSENS OPERATION A high quality, well maintained operation 1,000km2 of highly prospective ground Well maintained 450ktpa plant Dewatered underground gold mine Key infrastructure and permits in place Potential for a rapid, low capital restart U/G Resource - 258koz @ 10.8g/t & growing Third larges
Slide 9: A fast growing, high-grade gold system
1 PAULSENS OPERATION A fast growing, high-grade gold system • Resource increased by 73% to 401koz @ 3.3g/t Au • Includes a high-grade underground Resource of 258koz @ 10.8g/t (56% Measured & Indicated) close to existing workings • Resource added at a discovery cost of $27/oz and two months of drilli
Slide 10: Gabbro Veins – potential high-grade start-up mining area
1 PAULSENS GOLD OPERATION Gabbro Veins – potential high-grade start-up mining area • Located adjacent to, and up to 200m from, the existing decline • Occur in swarms over a 1km plunge length with bonanza grades in veins up to 4m wide • New geology model identified potential for significant Gabbro Ve
Slide 11: Antimony – a Critical Metal of global importance
1 PAULSENS OPERATION Antimony – a Critical Metal of global importance • Metalloid with a unique combination of metallic and non- metallic properties • Classified as a critical mineral by the United States, the European Union, Japan and Australia • Diverse industrial uses: • Fire and flame retardant
Slide 12: Antimony – a Critical Metal of global importance
1 PAULSENS OPERATION Antimony – a Critical Metal of global importance • Antimony mine production has been trending Global Antimony mine production (kt) downwards for a decade 180 • Mine supply dominated by China and Russia with 160 few western sources • China and Russia also control ~97% of upstream
Slide 13: Antimony – a Critical Metal of global importance
1 PAULSENS OPERATION Antimony – a Critical Metal of global importance • Currently Australia’s third largest antimony (Sb) deposit and the second highest grade Resource • Located ~30km SW of processing plant on granted ML • Mineral Resource: 13.9kt Sb, 1.6kt Cu, 18.7kt Pb, 66koz Au and 1.5Moz Ag (con
Slide 14: Mt Clement: antimony/polymetallic exploration potential
1 PAULSENS OPERATION Mt Clement: antimony/polymetallic exploration potential • Mineralisation identified over a 2.5km strike length • No drilling within the central 1km or outside the Resource areas • Three of the four mineralised veins mapped and sampled in the Eastern Zone have not been drilled •
Slide 15: Regional copper potential close to Paulsens
1 PAULSENS OPERATION Regional copper potential close to Paulsens • Surface sampling ~5km south of Paulsens has identified a broad zone of surface copper anomalism • Rock chip sampling returned assays as high as 29.2% copper • Historic underground mine working in the area targeting oxide copper • Cop
Slide 16: Coyote Operation
2 COYOTE OPERATION High-grade gold with scale and exploration potential
Slide 17: High-grade resource and untested multi-metal potential
2 COYOTE GOLD OPERATION High-grade resource and untested multi-metal potential 885km2 of highly prospective ground Open pit and underground workings to a depth of 320m below surface 300ktpa plant with ability to upgrade to 700ktpa with already owned mill Care and maintenance since 2013 No systemic e
Slide 18: One of the highest grade gold deposits in Australia
2 COYOTE GOLD OPERATION One of the highest grade gold deposits in Australia • Coyote Central prioritised • Focused on the previously overlooked Axial Core (“hinge”) Zone • Five months of drilling delivered a 60% increase in Coyote Central Resource: • >1,000oz / vertical metre • Extends to a depth of
Slide 19: Multi-million ounce and multi-metal regional potential
2 COYOTE GOLD OPERATION Multi-million ounce and multi-metal regional potential • Mineralisation is controlled by intersection of NW/NE faults and folded stratigraphy • Largest Tanami gold deposits occur in fold hinges (e.g., Callie – 14Moz) • Multi-kilometre scale Au and As anomalies are priority ta
Slide 20: Kal East Gold Project
3 KAL EAST GOLD PROJECT Pathway to production 20
Slide 21: Development ready with upside
3 KAL EAST GOLD PROJECT Development ready with upside ~800km2 in an active gold mining region Large 1.3Moz Resource with multi-million ounce potential Historical production of ~600koz Robust Base Case Pre-Feasibility Study completed in June 2022 Initial 302koz produces A$696m revenue at A$2,500/oz A
Slide 22: Upcoming activity schedule
Upcoming activity schedule Q2 2023 Q3 2023 Q4 2023 2024 ASX: BC8 | 05 April 2023 22
Slide 23: Investment Summary
Fast growing high-grade +2.3Moz gold Resource Multi-commodity potential including antimony Investment Active exploration program and mining studies Summary Established processing infrastructure Positioned for improving gold sentiment Experienced team ASX: BC8 | 05 April 2023 Refer BC8 Resource ASX a
Slide 24: Thank you
Thank you Level 3, 52 Kings Park Road, West Perth WA 6005 PO Box 184, West Perth WA 6872 +61 (0)458 007 713 admin@bc8.com.au ABN 63 620 896 282 www.bc8.com.au
Slide 25: Gold Resources summary
Gold Resources summary Measured Resource Indicated Resource Inferred Resource Total Resource Mining Centre Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal (‘000s) (g/t Au) (‘000s oz) (‘000s) (g/t Au) (‘000s oz) (‘000s) (g/t Au) (‘000s oz) (‘000s) (g/t Au) (‘000s oz) Kal E
Slide 26: Polymetallic Resources summary
Polymetallic Resources summary Resource Tonnes Zone Au (g/t) Cu (%) Sb (%) Ag (g/t) Pb (%) Au (koz) Cu (kt) Sb (kt) Ag (koz) Pb (kt) Category (‘000) Inferred 415 - 0.4 0.2 76.9 - * 1.6 0.7 1,026 - Western Total 415 - 0.4 0.2 76.9 - * 1.6 0.7 1,026 - Inferred 794 - - 1.7 17.0 2.4 * - 13.2 434 18.7 Ea
Slide 27: Ore Reserves – Kal East
Ore Reserves – Kal East Probable Total Deposit Tonnes (‘000s) Grade (g/t Au) Ounces Tonnes (‘000s) Grade (g/t Au) Ounces Myhree 584,500 2.4 45,600 584,500 2.4 45,600 Boundary 119,500 1.5 5,700 119,500 1.5 5,700 Open Pit Ore Reserves Jones Find 349,500 1.5 16,500 349,500 1.5 16,500 Fingals Fortune 2,
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