Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Precious Metals Symposium, Sydney (October 2016)
21 slides from Capricorn Metals's conference presentation, Oct 10, 2016
Slide 1: The Countdown to Karlawinda
For personal use only THE COUNTDOWN TO KARLAWINDA Building a new mid-tier gold producer ASX Code: CMM Precious Metals Symposium, Sydney 10th October 2016 ABN 841 21 700 105 www.capmetals.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement For personal use only 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 a
Slide 3: Corporate Overview
Corporate Overview For personal use only 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 7th October 2016 13c (WMC / St Barbara / Jubilee / Anaco
Slide 4: Value Comparison – EV per Resource Ounce
Capricorn Metals Value Comparison – EV per Resource Ounce For personal use only $200 EV/Resource (A$/oz) $175 $146 September Average $56/oz $150 $130 $125 $108 $100 $80 $76 $67 $75 $68 $62 $65 $56 $51 $41 $50 $30 $31 $33 $21 $25 $14 $11 $10 $7 $0
Slide 5: Project Fast Tracking
PROJECT FAST TRACKING Developing a significant new Australian gold project For personal use only MAJOR PROJECT BENCHMARKS February 2016 Project acquired April 2016 Funding in place May 2016 Resource expansion drilling program completed June 2016 Upgraded inferred resource (25.5mt @ 1.1g/t for 914,00
Slide 6: Definitive Feasibility Study Activity Update
PROJECT FAST TRACKING Developing a significant new Australian gold project For personal use only DEFINITIVE FEASIBILITY STUDY ACTIVITY UPDATE Resource drilling – convert to 50,000m program 28,000m complete • Completion – mid November measured & indicated status Resource Estimation High confidence re
Slide 7: Bibra Gold Deposit
For personal use only Bibra Gold Deposit
Slide 8: Bibra Gold Deposit
For personal use only Bibra Gold Deposit
Slide 9: Fast Tracking to Production
Fast Tracking to Production Bibra Inferred Resource – 25.5mt @ 1.1g/t for 914,000 ounces gold For personal use only 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
Slide 10: Fast Tracking to Production
Fast Tracking to Production Bibra Inferred Resource – 25.5mt @ 1.1g/t for 914,000 ounces gold For personal use only Primary Gold Mineralisation Laterite Gold Mineralisation
Slide 11: Straight to Definitive Feasibility Study: Mining Studies
Straight to Definitive Feasibility Study Strong, positive results of scoping study For personal use only 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 Starter Pit Dep
Slide 12: Straight to Definitive Feasibility Study: Processing Studies
Straight to Definitive Feasibility Study Strongly Positive Results of Scoping Study For personal use only PROCESSING STUDIES Metallurgy is simple Conventional processing 91-93% recoveries Coarse grind size (106 micron) 30% of gold gravity recoverable Economy of scale: 3.0Mtpa plant Plant design work
Slide 13: Environment and Permitting
Definitive Feasibility Study Strongly Positive Results of Scoping Study For personal use only 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
Slide 14: Definitive Feasibility Study: Tracking on Time and Budget
Definitive Feasibility Study Tracking on time and on budget For personal use only 30,000m out of 60,000m drilling completed, using up to 5 rigs Diamond drill 30 holes for met samples for all possible geological domains Identify groundwater source for processing Complete geotechnical diamond drilling
Slide 15: Exploration Strategy: Major Growth Project
Exploration Strategy Major Growth Project Target significant expansion of current resource base For personal use only Extension of potential mine-life Target areas identified as prospective for high-grade gold mineralisation Open Pit Underground Well funded: dedicated exploration budget
Slide 16: Exploration Strategy: New Gold Province
Exploration Strategy Major Growth Project For personal use only New gold province Recent discovery (2005) Large-scale Archaean gold system rapidly emerging Dominant land position
Slide 17: High Potential Exploration Targets
Exploration Strategy Major Growth Project For personal use only High Potential Exploration Targets 5 major near-surface targets within 500m of Bibra Resource Targeting open pit and underground locations within 8km zone Systematic, effective exploration to run in parallel with ongoing resource work I
Slide 18: Exploration Targets: Near Pit Satellites
Exploration Targets Near Pit Satellites For personal use only Portrush Prospect KBRC366: 11m @ 1.00g/t Au KBRC367: 7m @ 1.40g/t Au KBAC377: 8m @ 1.15g/t Au KBRC150: 17m @ 1.00g/t Au KBRC071: 12m @ 1.02g/t Au Easky Prospect KBRC019: 12m @ 1.5g/t Au KBRC570: 8m @ 2.6g/t Au Southern Corridor KBRC150: 7
Slide 19: Portrush Prospect: Early Exploration Success
Portrush Prospect Early Exploration Success For personal use only Confirms potential for stacked lodes Flat-lying, stacked geometry highly favourable for inclusion within an expanded open pit shell Potential strike extent of 200m and untested down-dip
Slide 20: Exploration Targets: Francopan-K3 Prospect
Exploration Targets Francopan-K3 Prospect For personal use only Repeat of the Bibra Gold System?? 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 KBD001: 37m @ 1
Slide 21: Fast-Tracking to Success
FAST-TRACKING TO SUCCESS For personal use only Continue to grow a large scale gold system Resource to reserve, resource expansion and exploration DFS Project activities being executed on time and budget DFS continues on track for 2Q 2017 Significant project de-risking Resource, metallurgy, geotechni
Capricorn Metals — Precious Metals Symposium, Sydney (October 2016) on 6ix