Slide 1: Mount Morgan Gold-Copper Project
MOUNT MORGAN GOLD MOUNT MORGAN GOLD - COPPER PROJECT COPPER PROJECT For personal use only LONG LIFE PROJECT I SHORT TERM PAYBACK I COMMUNITY AND ENVIRONMENT ENHANCEMENT
Slide 2: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER MOUNT MORGAN GOLD - COPPER PROJECT SUMMARY INFORMATION AND DISCLAIMER REGARDING EXPLORATION TARGETS For personal use only NOT AN OFFER FORWARD LOOKING It is common practice for a company to comment on and discuss its exploration in terms of target size and type.
Slide 3: Carbine Resources (ASX:CRB) Capital Structure, Board & Management
CARBINE RESOURCES (ASX:CRB) MOUNT MORGAN GOLD - COPPER PROJECT CAPITAL STRUCTURE BOARD & MANAGEMENT For personal use only ASX Code CRB Chairman John Fitzgerald Shares on issue 193 Million Managing Director Anthony (Tony) James Director Graham Brock Share Price 7.9 cents1 Director Evan Cranston Unlis
Slide 4: Mount Morgan Gold-Copper Project
MOUNT MORGAN GOLD – COPPER PROJECT MOUNT MORGAN GOLD - COPPER PROJECT For personal use only 1. MOUNT MORGAN GOLD AND COPPER PROJECT IN CENTRAL QUEENSLAND. THE PROJECT SITS ADJACENT TO THE MOUNT MORGAN TOWNSHIP WITH FIRST CLASS INFRASTRUCTURE ALREADY IN PLACE 2. CARBINE FEASIBILITY STUDY COMPLETED IN
Slide 5: Win, Win, Win
WIN, WIN, WIN MOUNT MORGAN GOLD - COPPER PROJECT For personal use only 1. LONG LIFE PROJECT / SHORT TERM PAYBACK1 9.5 YEAR ORE RESERVE BASE CASE & 20 YEAR EXPANDED CASE 2 YEAR PROJECT PAYBACK PERIOD $549/AU OUNCE AISC 60-30KOZS AUEQ ANNUAL PRODUCTION 2. ENVIRONMENTAL ENHANCEMENT QLD GOVERN
Slide 6: Dee River Above and Below Mundic Gully
MOUNT MORGAN GOLD - COPPER PROJECT Dee River Above Mundic Dee River Below Mundic Gully, Sunday 30 April 2017 Gully, Sunday 30 April 2017 For personal use only Mundic Gully AMD Reaching Dee River
Slide 7: Project Status
PROJECT STATUS MOUNT MORGAN GOLD - COPPER PROJECT For personal use only CLEANSED RESOURCE & PROJECT DATA (2016) MAIDEN ORE RESERVE (JORC 2012 – Dec 2016)1 LONG LIFE, SHORT PAYBACK FEASIBILITY STUDY (Dec 2016)1 RAGING BULL OPTION AGREED2 HERITAGE DEVELOPMENT APPLICATION ENDORSED BY QHC & APPROVED BY
Slide 8: Queensland Government support quote
“The Queensland Government is committed to advancing key projects to support jobs and regional growth. Queensland’s MOUNT MORGAN GOLD - COPPER PROJECT mining sector is an economic mainstay and its capability to deliver innovation in rehabilitation and remediation is a major opportunity for the state
Slide 9: Carbine Resources Summary
CARBINE RESOURCES SUMMARY MOUNT MORGAN GOLD - COPPER PROJECT 1. MOUNT MORGAN PROJECT IS A LOW COST, LONG LIFE PROJECT WITH SHORT TERM PAYBACK For personal use only 2. PROJECT WILL HELP MAKE SIGNIFICANT INROADS INTO THE HISTORICAL ENVIRONMENT LEGACY 3. EXPERIENCED TECHNICAL AND COMMERCIAL TEAM WITH A
Slide 10: Feasibility Study – Key Results
FEASIBILITY STUDY – KEY RESULTS MOUNT MORGAN GOLD - COPPER PROJECT 1. LONG LIFE PROJECT (1.1MTPA THROUGHPUT) For personal use only 9.5 YEAR BASE CASE1 20 YEAR EXPANDED CASE1 2. LOW COST - AISC2 OF A$549/AU OZ 3. SHORT TERM PAYBACK - 2 YEAR PAYBACK 4. PRE-PRODUCTION CAPITAL3 OF A$85M, WHICH INCLU
Slide 11: Mining - Ore Reserve
MINING - ORE RESERVE MOUNT MORGAN GOLD - COPPER PROJECT NO 2 MILL 2.8MT @ 1.7G/T AUEQ, For personal use only 1.1G/T AU, 0.11% CU, 24% PY MOUNT MORGAN OPEN PIT MUNDIC GULLY 1.5MT @ 2.6G/T AUEQ, RED OXIDE 2.0G/T AU, 0.17% CU, 19% PY 0.7MT @ 2.5G/T AUEQ, SANDSTONE GULLY 2.1G/T AU, 0.3% CU SHEPHERDS GUL
Slide 12: 20 Year Expanded Case
20 YEAR EXPANDED CASE MOUNT MORGAN GOLD - COPPER PROJECT 1. 20 YEAR PROJECT IS AN EXTENSION TO For personal use only ORE RESERVE (“BASE CASE”) 2. EXPANDED CASE - 22MT @ 1.6G/T AUEQ1, (0.9G/T AU, 0.12% CU, 21% PYRITE) First 9.5 years – “Base Case”, Ore Reserve +9.5 years to achieve 20 years expan
Slide 13: Processing and Metallurgy
PROCESSING AND METALLURGY MOUNT MORGAN GOLD - COPPER PROJECT THREE STREAM PROCESSING FACILITY For personal use only PRODUCING COPPER SULPHATE, UNROASTED PREMIUM IRON PYRITE AND GOLD COPPER RESIN LEACHING (RIP) PYRITE CONCENTRATE FLOTATION GOLD CARBON LEACHING (CIL) WATER TREATMENT PLANT UTILIS
Slide 14: New Processing Facility
MOUNT MORGAN GOLD - COPPER PROJECT For personal use only NEW PROCESSING FACILITY PHOTO COURTESY OF DNRM
Slide 15: Pyrite Concentrate
PYRITE CONCENTRATE MOUNT MORGAN GOLD - COPPER PROJECT 1. SPECIFIC MARKETS FOR PYRITE CONCENTRATE For personal use only Sulphuric Acid – Bulk supply of premium concentrate to China and Europe, Industrial Components – Specific small volume distribution to customers primarily in Asia 2. MOUNT MORGA
Slide 16: Project Approvals
PROJECT APPROVALS MOUNT MORGAN GOLD - COPPER PROJECT MINING LEASE AND ENVIRONMENTAL AUTHORITY IN PLACE. For personal use only TWO REMAINING APPROVALS: 1. ENVIRONMENT Environmental Authority MIN100708908 was previously approved for the project in 2010. An Environmental Authority Amendment application
Slide 17: Thank You
THANKYOU MOUNT MORGAN GOLD - COPPER PROJECT FOR FURTHER INFORMATION: For personal use only INVESTORS TONY JAMES CARBINE RESOURCES +61 8 6142 0986 COMMUNITY LIAISON RUSSELL DANN CARBINE RESOURCES +61 431 963 017 AUSTMINE 2015 MEDIA MINING INNOVATOR PAUL ARMSTRONG READ CORPORATE OF THE YEAR +61 8 9388
Slide 18: Appendix A - Key Results
APPENDIX A - KEY RESULTS MOUNT MORGAN GOLD - COPPER PROJECT EXPANDED CASE – DESCRIPTION FS BASE CASE EXPANDED CASE For personal use only MINING Ore Reserve (Mt) 9.9 9.9 CAUTIONARY STATEMENT Additional Material – Expanded Case (Mt) 0 12.5 Ore Reserve + Additional Material (Mt) 9.9 22.4 The expanded c
Slide 19: Appendix B – Competent Person Statement
APPENDIX B – COMPETENT PERSON STATEMENT MOUNT MORGAN GOLD - COPPER PROJECT The information in this report that relates to Exploration Targets, Exploration Results and the included in the original market announcements and, in the case of estimates of Mineral Inferred Mineral Resources for Mount Morga
Slide 20: Appendix C – Mineral Resources
APPENDIX C – MINERAL RESOURCES MOUNT MORGAN GOLD - COPPER PROJECT JORC 2012 MINERAL RESOURCE TABLE REPORTED AT A 0.00G/T CUT-OFF For personal use only (REFER ASX ANNOUNCEMENT DATED 30 AUGUST 2016). ROUNDING ERRORS CAN OCCUR. AREA TYPE CATEGORY TONNAGE (MT) GOLD (G/T) GOLD (KOZ) COPPER (%) COPPER MET
Slide 21: Appendix D – Exploration Target
APPENDIX D – EXPLORATION TARGET MOUNT MORGAN GOLD - COPPER PROJECT EXPLORATION TARGET TABLE (ASX:30 AUGUST 2016). For personal use only The potential quality and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is
Slide 22: Appendix E – Ore Reserve
APPENDIX E – ORE RESERVE MOUNT MORGAN GOLD - COPPER PROJECT MINERAL RESERVE TABLE (ASX: 8 DECEMBER 2016). For personal use only This estimate has been prepared in accordance with JORC Code (2012) guidelines. Further details for the estimate can be found in FS announcement and the JORC code table 1 l
Slide 23: Appendix F – Metal Equivalents
APPENDIX F – METAL EQUIVALENTS MOUNT MORGAN GOLD - COPPER PROJECT BOTH AUEQ (G/T) AND PYRITEEQ (WT%) HAVE BEEN USED IN THIS ANNOUNCEMENT. For personal use only AuEq was calculated for each ore source based on the different metallurgical recoveries associated with those ore sources. A combined Total