Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Shareholder Meeting (November 2016)
16 slides from Capricorn Metals's shareholder meeting presentation, Nov 25, 2016
Slide 1: Annual General Meeting Managing Director Presentation
ANNUAL GENERAL MEETING Managing Director Presentation ASX Code: CMM 25th November 2016 Celtic Club, West Perth Peter Thompson Managing Director ABN 841 21 700 105 www.capmetals.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement 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 about future events and
Slide 3: Karlawinda Project Overview
KARLAWINDA PROJECT OVERVIEW Excellent location, 60km from Newman • Transport hub • Gas (pipeline or trucked CNG) • Workforce • Engineering Services • Camps • Airport, 80 minutes to Perth, 7 flights/day • Granted Mining Lease 2
Slide 4: 2016 Achievements
2016 Achievements Major Project Benchmarks 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 914,000oz) July 2016 Scoping study complete – STRONGLY POSIT
Slide 5: Fast Tracking to Production
Fast Tracking to Production Bibra Inferred Resource – 25.5mt @ 1.1g/t for 914,000 ounces gold 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 Resource Estimation b
Slide 6: 25 x 25m Infill Drilling, 200100N Section
25 x 25m Infill Drilling, 200100N Section 5
Slide 7: Mining Studies
Mining Studies MINING STUDIES Large-scale, staged open pits Year 1 should process the highest margin, surface laterite Near-surface ounces Laterite and saprolite: 220,000 ounces Attractive stripping ratios Flat dipping geometries Multiple stacked lodes Starter Pit Depth to 130m Favourable geotechnic
Slide 8: 6,000 OVM, up to 9,000 OVM in laterite
6,000 OVM, up to 9,000 OVM in laterite • Highest gold endowment at surface, 85,000oz in laterite • New discoveries expected to add tonnes & ounces to 20-100m depth • Easily achievable 30m-60m vertical advance/year required. 7
Slide 9: 3Mt/yr Processing Plant
3Mt/yr Processing Plant PROCESSING STUDIES Metallurgy simple, non-refractory Conventional Gravity-CIL processing 91-93% gold recoveries Coarse grind size (106 micron) 30% of gold gravity recoverable Economy of scale: 3.0Mtpa plant Low Opex: 3 operators/shift Plant design work by Mintrex Good quality
Slide 10: Exploration Strategy
Exploration Strategy Target significant expansion of current resource base Extension of potential mine-life Target areas identified as prospective for high-grade gold mineralisation Open Pit Underground Dedicated exploration budget outside of Bibra 9
Slide 11: Regional Endowment
Regional Endowment • Tangadee Structural Corridor Separates Pilbara Craton from Officer Basin, Yilgarn Craton • Major Gold systems developed on this structure • Karlawinda is a recent discovery – Bibra in 2009 • A significant emerging goldfield Image from Jon Hronsky, 2016 10
Slide 12: Multiple drill targets
Multiple drill targets High Potential Exploration Targets 5 major near-surface targets within 500m of Bibra Resource Targeting open pit and underground locations within 8km zone New mineralization discovered at Portrush & Sth Corridor Prospects Northern Corridor targets will be priority for drilling
Slide 13: Exploration Targets
Exploration Targets Near Pit Satellites Portrush Prospect KBRC366: 11m @ 1.00g/t Au KBRC367: 7m @ 1.40g/t Au Southern Corridor KBAC377: 8m @ 1.15g/t Au NEW INTERSECTIONS KBRC150: 17m @ 1.00g/t Au KBRC430: 12m @ 1.37g/t Au KBRC071: 12m @ 1.02g/t Au within 100m @ 0.47 g/t Au KBRC431: 8m @ 1.42g/t Au w
Slide 14: Southern Corridor Discovery (Oct 2016)
Southern Corridor Discovery (Oct 2016) 13
Slide 15: Francopan-K3 Prospect
Francopan-K3 Prospect 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 Francopan daylights at K3? KBD001: 37m @ 1.9g/t Au. Inclu
Slide 16: CMM in 2017...
CMM in 2017... Continue to grow a large scale gold system Update Bibra Resource Aggressive Exploration for more Karlawinda deposits DFS complete 2Q 2017 Funding Construction Production 2018 Increased profile Pipeline of positive news flow 15
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