Carbine Resources Limited · ASX:CRB
Carbine Resources — Resources Rising Stars (May 2016)
20 slides from Carbine Resources's conference presentation, May 24, 2016
Slide 1: Mount Morgan Gold - Copper Project
Mount Morgan Gold - Copper Project For personal use only Tony James Resources Rising Stars 24 May 2016
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer For personal use only Summary information and not an offer This presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves
Slide 3: Poised for Low-Cost Gold Production
Poised for Low-Cost Gold Production For personal use only • Tailings retreatment and clean-up historical Mount Morgan mine, Central Queensland • Pre-Feasibility Study completed in 2015 delivered positive outcome1 • Definitive Feasibility Study nearing completion (Q3 2016) • Recent drilling results a
Slide 4: A Strategy to Make Money for Shareholders
A Strategy to Make Money for Shareholders For personal use only • Carbine has assembled a new management team with a successful track record of making money for shareholders1 • Complete the Mount Morgan Project Definitive Feasibility Study in Q3 2016 with • Bring the Mount Morgan Project tailings re
Slide 5: Company Profile
Company Profile Capital Structure Board & Management For personal use only ASX Code CRB Chairman John Fitzgerald Managing Director Anthony (Tony) James Shares on Issue 157 Million Director Graham Brock Share Price 21.5 cents1 Director Evan Cranston Unlisted Options Chief Operating Officer Terry Moyl
Slide 6: The Golden Mount
The Golden Mount For personal use only • Primary ore mining occurred at the historical Mount Morgan mine from 1882 to 1980 producing 8.4Moz Au, 400kt Cu and 1.2Moz Ag from 50Mt ore • Reported ~40Mt of tailings produced up to 1980 • Peko reprocessed ~25Mt tailings from 1981 to 1991 via a 3Mtpa CIL pl
Slide 7: Mount Morgan Project
Mount Morgan Project For personal use only • Perilya transferred licence to Moonraker in 2000, focus on tailings retreatment via conventional CIL circuit • Initial mining rights agreement established with Government in 2003 • Norton Goldfields acquire licence from Moonraker in 2007 • Norton DFS in 2
Slide 8: Remnant Mundic tailings on north side of Mundic Gully
For personal use only Remnant Mundic tailings on north side of Mundic Gully 8
Slide 9: Carbine's Mining and Processing Plan
Carbine’s Mining and Processing Plan For personal use only Key Aspects Plan Original Ore Body: The Mount Morgan ore body was a massive pyrite With the selected process flow sheet three separate products in gold, deposit including gold and copper mineralisation. Very low levels of copper and pyrite c
Slide 10: Process Flow Sheet
For personal use only Process Flow Sheet Copper Circuit: Resin in pulp (RIP) allows Cu leaching in acidic environment. PH 2.5 Pyrite Circuit: Standard concentrate flotation after neutralisation and polishing grind to p80 75um. PH 5.5 Gold Circuit: Gold extraction from both pyrite leach and tail by s
Slide 11: Pyrite Concentrate to Sulphuric Acid
Pyrite Concentrate to Sulphuric Acid • Sulphuric acid is one of the largest volume industrial chemicals produced in the world For personal use only • Pyrite concentrate is primarily used for roasting to make sulphuric acid • The world is currently consuming +220mtpa of sulphuric acid with a ~2%pa gr
Slide 12: Mount Morgan Pyrite Concentrate
Mount Morgan Pyrite Concentrate For personal use only • Due to the unique nature of the Mount Morgan ore body, the pyrite concentrate is considered “premium grade” (> 50% sulphur tenor with negligible deleterious elements) • The concentrate produced can be directly compared to the concentrate produc
Slide 13: Copper Sulphate
Copper Sulphate For personal use only • Three year offtake agreement up to 5,000tpa with Swancorp Pty Ltd1 • Swancorp is Queensland based supply specialists for stock feed additives, elemental sulphur, fertilizer products and horticulture • Copper sulphate is sold by Swancorp in 25kg bags for agricu
Slide 14: Definitive Feasibility Study (DFS)
Definitive Feasibility Study (DFS) • Following positive PFS, Carbine is currently completing DFS, timeline for completion is now Q3 2016 For personal use only • Current resource drilling completed in May with additional time required for assay turn-around and new Mineral Resource estimation. Strong
Slide 15: Also ...
Also … For personal use only • At Mount Morgan, Carbine and GR Engineering have entered into a strategic partnership including the awarding of the DFS and a MOU for development including direct investment1 • Carbine has signed a Letter of Intent with Port of Gladstone for export of pyrite concentrat
Slide 16: Summary
Summary For personal use only • Carbine aims to become a new Australian gold production company in 2017, based on a long life and low cost operation at the Mount Morgan Project • New operational team established to deliver the next phase in completing the DFS, finance and building the project • The
Slide 17: For personal use only
For personal use only
Slide 18: Appendix A – Mineral Resources and Exploration Target
Appendix A – Mineral Resources and Exploration Target 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 DEPOSIT CATEGORY TONNES
Slide 19: Notes
For personal use only Notes 19
Slide 20: Thank You
Thank You For personal use only For further information: Investors Tony James – Carbine Resources +61 8 6142 0986 Media Paul Armstrong – Read Corporate +61 8 9388 1474
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