Carbine Resources Limited · ASX:CRB

Carbine Resources — Investor Presentation (July 2014)

18 slides from Carbine Resources's investor presentation, Jul 23, 2014

  1. Slide 1: Mount Morgan Gold & Copper Mine Investor Update

    For personal use only Mount Morgan Gold & Copper Mine Investor Update July 2014

  2. Slide 2: Disclaimer

    Disclaimer Mineral Resources For personal use only 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: Acquisition Value Proposition

    Acquisition Value Proposition For personal use only Company Strategy Development of near term production, geologically de-risked assets requiring metallurgical de-risking Mount Morgan Gold & Copper Tailings Project:  Up to +1Moz Au & 80,000t Cu in tailings resources  Low upfront acquisition cost –

  4. Slide 4: Company Snapshot

    Company Snapshot For personal use only Capital Structure Board & Management Shares 140 million Patrick Walta Executive Director (ASX: CRB) Unlisted Options Rod Smith Principal Consultant ($0.075 to $0.20, exp. June 2015) 6 million Evan Cranston Non-Exec Director Market Capitalisation $4.3M (@ $0.031

  5. Slide 5: Mount Morgan Overview

    Mount Morgan Overview For personal use only Historical Operations  Au/Cu/Ag deposit 40km from Rockhampton, QLD  100+ years of mining (shutdown 1980)  Historic mine processed 50Mt ore @ 5.9g/t Au  8.4Moz Au, 400kt Cu & 1.2Moz Ag produced Present Situation  Large defined tailings resource  Flood

  6. Slide 6: 1Moz+ Au Remaining in Tails

    1Moz+ Au Remaining in Tails For personal use only JORC RESOURCES Tonnes (000s) Au (g/t) Cu (%) Au (oz) Cu (t) Indicated 2,487 1.59 0.16 127,000 3,900 Inferred 5,861 1.07 0.14 202,000 8,400 TOTAL JORC 8,348 1.23 0.15 329,000 12,300 EXPLORATION TARGETS* Tonnes (000s) Au (g/t) Cu (%) Au (oz) Cu (t) Dum

  7. Slide 7: Tailings Dumps & Open Pit

    Tailings Dumps & Open Pit For personal use only

  8. Slide 8: Building on Past Success…

    Building on Past Success… For personal use only Mount Morgan Historical Tailings Operations (1981-1991)  1980: Shutdown of primary ore mining operations  1981 – 1991: 28Mt tailings processed via 3Mtpa Carbon-in-Pulp (CIP) plant  Average gold price during operations: US$392/oz  Excess cyanide con

  9. Slide 9: Carbine's Process Solution

    Carbine’s Process Solution For personal use only Reverse Leach Ion Exchange (IX) with CIP  Selective removal of copper prior to gold CIP extraction  Upfront copper extraction provides:  Decreased cyanide consumption during gold extraction  Additional revenue stream  Increased gold recovery (no

  10. Slide 10: Current Testwork Results

    Current Testwork Results For personal use only Phase 1 Tailings Testwork  80% reduction in cyanide consumption via upfront copper removal Cyanide Consumption Phase 1 Testing Leach Mechanism (kg/t) As Received Cyanide CIP 5.54 45um Grind Cyanide CIP 5.25 45um Grind Acid IX & Cyanide CIP 1.00  91% r

  11. Slide 11: Low Risk Acquisition Structure

    Low Risk Acquisition Structure For personal use only Carbine is acquiring Norton’s QLD asset portfolio via acquisition of Raging Bull Metals (RBM) RBM Earn-in Agreement Terms With Norton Norton Gold Fields’ 1) $100k option for exclusive scoping testwork QLD Asset 2) $400k for exclusive Right-to-Mine

  12. Slide 12: Additional NGF Assets Acquired

    Additional NGF Assets Acquired For personal use only Kundana CIP Plant  1Mtpa gold CIP plant  Originally intended for use at Mount Morgan  Plant refurbishment ($3.5M spent by NGF)  Plant remains packed at Paddington Mine, WA  Potential for: - full or partial reuse at Mount Morgan - domestic or

  13. Slide 13: Kundana CIP (Pre-Refurb.)

    Kundana CIP (Pre-Refurb.) For personal use only Crushing Circuit Ball Mill & Leaching Gravity Circuit Circuit Gold Room Tailings Disposal Plant Reagents Plant

  14. Slide 14: Why Invest in Carbine?

    Why Invest in Carbine? Cash flow strategy targeting near term production For personal use only  Large resource of up to +1Moz gold with significant copper & pyrite credits  Simple flowsheet combination required to unlock potential  Predicted robust project economics with by-product sales  Govern

  15. Slide 15: Appendices: Technology Usage

    Appendices: Technology Usage For personal use only Mine Company Location Operating Mine/Process Type Goldstrike Barrick Gold Nevada Due 2015 RIP / IX Palabora Rio Tinto South Africa 2011 RIP / IX Budenovskoye, Site 3&4 Akbastau JSC Kazakhstan 2010 ISR / IX Southern Zarechnoye Zarechnoye JV Kazakhsta

  16. Slide 16: Appendices: Technology Usage

    Appendices: Technology Usage For personal use only Operating 4,500m3/hr IX facility in Kazakhstan (Kazatomprom JSC)

  17. Slide 17: Appendices: Board & Mgmt Bios

    Appendices: Board & Mgmt Bios For personal use only  Metallurgist & mineral economist, commercial & tech. mining experience Patrick Walta  MD of Raging Bull Mining & Former CEO of Cradle Resources Limited Executive Director  Experience in mineral resource dev, M&A, project management  Extractive

  18. Slide 18: Carbine Resources Limited

    For personal use only Carbine Resources Limited Suite 23, 513 Hay Street Australia Office Subiaco, WA, 6008 Suite 23, 513 Hay Street Subiaco WA 6008 Contact Ph: +61 8 6142 0980 Patrick Walta Executive Burkina Director Faso Office RuePh: +61 8 30.248 6142790986 Porte Secteur 30 Sin-Yiri 09 www.carbin

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