Carbine Resources Limited · ASX:CRB

Carbine Resources — 2016 Asia Mines & Money Conference

17 slides from Carbine Resources's conference presentation, Apr 6, 2016

  1. Slide 1: Mount Morgan Gold & Copper Project

    For personal use only Mount Morgan Gold & Copper Project 2016 Asia Mines & Money Conference: Developing one of Australia’s lowest cost gold operations April 2016

  2. Slide 2: Disclaimer

    DISCLAIMER For personal use only Mineral Resources The Indicated and Inferred Resources referred to in this presentation 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 vi

  3. Slide 3: Mount Morgan Mine Overview

    MOUNT MORGAN MINE Overview For personal use only  Historic QLD gold mine - close proximity to infrastructure, cities, ports & rail  Primary deposit mined for ~100 years (8.4Moz Gold, 400kt Copper)  Environmental legacy 100% owned by QLD government

  4. Slide 4: Mining History

    MINING HISTORY No operations for 25 years (gold <A$450/oz at last production) For personal use only Closure of open pit Shutdown of tailings QLD Gov. accepts enviro. Perilya transfers Acquired by Norton Acquired by mining operations re-treatment plant liability ownership licences to Moonraker Gold F

  5. Slide 5: Significant Resource Base

    SIGNIFICANT RESOURCE BASE Resource crushed, ground & stockpiled at surface For personal use only Resources Tonnes Au (g/t) Cu (%) Au (oz) Cu (t) JORC Resources 8.4 Mt 1.23 0.15% 329,000 12,300 Low 4.7 Mt 1.54 0.12% 231,000 5,700 Exploration Target High 5.8 Mt 1.81 0.17% 336,000 9,800 The potential q

  6. Slide 6: Process Plant Flowsheet

    PROCESS PLANT FLOWSHEET Multiple by-products = low all-in sustaining costs For personal use only

  7. Slide 7: Production Schedule

    PRODUCTION SCHEDULE High grade tailings processed in early operations For personal use only PFS Results - Production Value Notes Mine Life (minimum) 8 years JORC resources only (<30% of known mineralisation) Annual Throughput 1,000,000 t/yr Based on available JORC resources 31,200 oz/yr Gold Average

  8. Slide 8: Capital & Operating Costs

    CAPITAL & OPERATING COSTS PFS completed by GR Engineering For personal use only PFS Results - Financial Value Notes Capital Costs A$ 63.3M Assumed new plant construction Operating Costs A$ 29.2/t All-in Sustaining Costs US$ 234/oz Life of mine 1200 US$1200/oz Current Gold Price 1000 800 US$/oz US$68

  9. Slide 9: All-In Sustaining Costs

    ALL-IN SUSTAINING COSTS Comparison with Australian producing mines & developers For personal use only PRODUCING MINES DEVELOPING MINES $1,400 $1,400 Wt. Average AISC: A$966/oz $1,200 $1,200 $1,000 $1,000 $800 $800 $600 $600 $400 $400 $200 $200 $- $- Source: PCF Capital (2015 Y Data)

  10. Slide 10: Secured By-Product Offtakes

    SECURED BY-PRODUCT OFFTAKES Pyrite & copper underpin low cost gold operation For personal use only Pyrite Concentrate  Four year contract – up to 225,000tpa  Sale price: US$80/t FOB Gladstone Port Mount Morgan Pyrite  90% payment at mine gate, letter of credit terms  Revenue base of up to ~A$25

  11. Slide 11: Mine Water Treatment

    MINE WATER TREATMENT Immediate site cashflow generation For personal use only Long term service agreement to operate existing site water treatment plant  10 year contract – treating up to 500ML per annum (revenue of $2,500/ML before costs)  Targeting further improvement in volume and quality of di

  12. Slide 12: Strategic Partnership

    STRATEGIC PARTNERSHIP GR Engineering now Carbine’s largest shareholder For personal use only Alliance with GR Engineering for future mine development  Dec 2015: Binding MOU with GR Engineering Services Limited (ASX: GNG)  A$750,000 placement: strong vote of confidence in Carbine’s development plan

  13. Slide 13: Mine Development Planning

    MINE DEVELOPMENT PLANNING Final feasibility & financing process underway For personal use only Highlights 2014 2015 2016 2017 Timeline  Confirmed US$234 AISC via Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 + independent PFS Scoping Study  Binding pyrite offtake – A$25M p.a. revenue PFS Drilling Program  Bindin

  14. Slide 14: Carbine Snapshot

    CARBINE SNAPSHOT Experienced board & management, quality major shareholders For personal use only Share Price History Board & Management 0.2 2,500 Patrick Walta Executive Director 0.18 0.16 2,000 Evan Cranston Non-Exe. 0.14 Volume ('000s) Share Price 1,500 0.12 Tom Bahen Non-Exe. 0.1 1,000 0.08 Step

  15. Slide 15: History Set to Repeat

    HISTORY SET TO REPEAT… Using the success of the past in restarting operations For personal use only 1927 2016 (planned) Underground → Open Pit Operations Primary Ore → Tailings Operations  Gold production main focus  Gold production main focus  Initial revenue via copper (flooded underground)  I

  16. Slide 16: Contact

    For personal use only Contact Patrick Walta Executive Director Ph: +61 8 6142 0986 Carbine Resources Limited Suite 23 513 Hay Street Subiaco WA 6008 Unlocking significant metal value left behind after 100+ years of operations

  17. Slide 17: Competent Persons Statement

    COMPETENT PERSONS STATEMENT For personal use only The information in this report that relates to the recently completed exploration results is based on and fairly represents information compiled by Dr Marat Abzalov, who is a geological consultant to Carbine Resources Limited. Dr Abzalov is a Fellow

Carbine Resources — 2016 Asia Mines & Money Conference on 6ix