Carbine Resources Limited · ASX:CRB
Carbine Resources — Investor Presentation (February 2016)
12 slides from Carbine Resources's investor presentation, Feb 15, 2016
Slide 1: Mount Morgan Gold & Copper Project – Middle East Investor Roadshow
For personal use only Mount Morgan Gold & Copper Project Middle East Investor Roadshow Februar y 2016
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
Slide 3: Investment Opportunity
INVESTMENT OPPORTUNITY Targeting development of one of the lowest cost gold operations in Australia For personal use only SIGNIFICANT LOW COST BINDING RESOURCES OPERATION OFFTAKES Up to 1,000,000oz gold US$234/oz US$234/oz All- All-In Sustaining Costs Pyrite binding offtake: & 80,000t copper (life o
Slide 4: Mount Morgan Mine Overview
MOUNT MORGAN MINE Overview For personal use only Historic Australian gold mine - proximity to infrastructure, cities, ports & rail Primary deposit mined for ~100 years (8.4Moz Gold, 400kt Copper) Mineralised Tailings: ~40Mt deposited on site
Slide 5: Significant Resource Base
SIGNFICANT RESOURCE BASE Tailings resource: deposit stockpiled at surface, crushed & ground 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 NON-JORC HIGH GRADE RESOURCES Low 4.7 Mt 1.54 0.12% 231,000 5,700 (Exploration Target)* Hi
Slide 6: Pre-Feasibility Study Results
PRE-FEASIBILTY STUDY RESULTS Independent report: report: completed by GR Engineering For personal use only Production Parameters Value Notes Mine Life 8 years JORC Resources only (<30% of known mineralisation) Annual Throughput 1,000,000 t/yr Scale up potential 31,000 oz/yr Gold Average Production 3
Slide 7: All-In Sustaining Costs
ALL-IN SUSTAINING COSTS Projected US$966/oz US$966/oz (A$1,350/oz (A$1,350/oz) oz) operating margin only 1300 1200 US$1200/oz 1100 Current Gold Price use 1000 900 800 For personal 700 US$680/oz 600 Operating Costs US$/oz 500 (No by-product credits) 400 300 US$234/oz 200 All-in Sustaining Costs 100 (
Slide 8: Secured By-Product Offtakes
SECURED BY-PRODUCT OFFTAKES Pyrite & copper underpin low cost 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 Million per a
Slide 9: 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 plans Lo
Slide 10: 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 Binding copp
Slide 11: Carbine Snapshot
CARBINE SNAPSHOT Experienced board & management, quality major shareholders For personal use only Share Price History Board & Management 0.09 2,500 Patrick Walta Executive Director 0.08 2,000 Evan Cranston NED 0.07 Volume ('000s) Share Price 0.06 1,500 Tom Bahen NED 0.05 1,000 Stephen Dobson NED 0.0
Slide 12: Contact
For personal use only Contact Patrick Walta Executive Director Ph: 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
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