Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Noosa Mining Conference (July 2021)
27 slides from Black Cat Syndicate's conference presentation, July 2021
Slide 1: Transitioning to Mining
TRANSITIONING TO MINING July 2021
Slide 2: Disclaimer, Distribution and Disclosure
Disclaimer, Distribution and Disclosure Disclaimer and not for US distribution This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-lookin
Slide 3: Investment Highlights
Investment Highlights • Large underexplored landholding: • 805km2 within 50km of Kalgoorlie • 1.09Moz @ 2.2g/t Au, growing • Ongoing drilling, Resource and Ore Reserve upgrades • Low-cost development strategy: • Centralised processing facility • De-risk by securing major equipment • Mining approvals
Slide 4: Company Overview
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Slide 5: The Company - Simple Structure, Experienced Team
The Company - Simple Structure, Experienced Team Corporate Information (Post-Placement) Board of Directors Shares on Issue 140.8M Gareth Solly Previous roles include senior management roles Options @ ~$0.33 (av.) 13.3M Managing Director with Norilsk Nickel, Silver Lake Resources and BSc (1st C
Slide 6: Kal East Gold Project - Enviable Ground Position
Kal East Gold Project - Enviable Ground Position • Proven gold tenure: • >600,000oz produced historically • 805km2 of prospective holding • 76% of leases granted • 26% granted mining leases • Significant discovery potential • Excellent infrastructure: • All weather roads • Local service provider
Slide 7: High Grade Resources – 1.1Moz in 3 years… and growing
High Grade Resources – 1.1Moz in 3 years… and growing • 12 transactions, 18 projects in 3 years: • 805km2 quality underexplored tenements • 532,000oz Resource acquired • Ongoing drill programs: • 150,000m drilled in 3 years • 558,000oz Resource discovered • >80% of expenditure into the ground • 85,
Slide 8: Development Plan
Development Plan
Slide 9: Centralised Processing Facility
Centralised Processing Facility • Low cost, rapid development strategy • Strategic location: • 50km east of Kalgoorlie • Adjacent to Majestic: • Central to Resources with quality water • Conventional gravity & CIL circuit: • Resources are free milling • Amenable to local 3rd party ore sources • Expe
Slide 10: Moving Ahead of the Pack
Moving Ahead of the Pack • 1.5Mtpa milling circuit purchased for $1.2M: • 1.85MW & 1.45MW Outokumpu ball mills1 – excellent condition • Infrastructure, auxiliaries, critical spares and lime silo • Now relocated to Kalgoorlie, ready for service before installation • Reduced capital, reduced lead time
Slide 11: Mining - Optimisation Studies Underway
Mining - Optimisation Studies Underway • Targeting 800,000tpa initially CONCEPTUAL TARGETED MILL FEED ~800 ktpa • Open pit mines being re-optimised with ‘Big Dig’ scenario - 200t fleet vs 100t fleet • ~70% Open Pit and ~30% Underground • Potential open pit sources: • Myhree Mining Centre Fingals Min
Slide 12: Approvals - Well Advanced
Approvals - Well Advanced • Granted mining leases: • >97% of all Resources reside on granted MLs • Completed DMIRS Approvals: • Myhree Open Pit • Majestic Underground • Majestic and Bulong water abstraction • Processing Plant • Expected Approvals: • Tailings Storage - Sep 2021 • Fingals Open Pit - D
Slide 13: Mining Centres
Mining Centres
Slide 14: Myhree Mining Centre - Low Capital, Ready to Mine
Myhree Mining Centre - Low Capital, Ready to Mine • Myhree, Boundary and Trump deposits • Myhree open pit: • Resource - 706kt @ 2.9g/t Au for 65koz Unmined Open Pit • Fully approved to mine • Start up capital - A$2.8M • Myhree underground: • Resource - 685kt @ 4.3g/t Au for 95koz • Stoping widths up
Slide 15: Fingals Mining Centre - Substantial Upside Potential
Fingals Mining Centre - Substantial Upside Potential • Open in all directions • Potential large scale open pit with satellite pits • Potential underground: • 4.00m @ 34.05 g/t Au from 122m, 2.49m @ 12.43 g/t Au from 170m & 5.00m @ 6.43 g/t Au from 202m • 5km mineralised trend with pre-WW1 shafts -
Slide 16: Majestic Mining Centre - Drilling Constrained
Majestic Mining Centre - Drilling Constrained • 1.1Mt @ 5.2 g/t Au for 184koz • Ounces per vertical metre Mined Pit Mined Pit • >1000 oz/m • Drilling constrained • 2021 Life of Mine drilling: • Reserve conversion (green) • Resource extension (blue) • Prove extensions at depth (red) • Underground
Slide 17: Trojan Mining Centre - Strong Growth Potential
Trojan Mining Centre - Strong Growth Potential • Big system, acquired November 2020: • Historic open pit mined - 2.0Mt @ 1.97 g/t Au for 125koz • Current Resource - 2.1Mt @ 1.70 g/t Au for 115koz - open along strike and at depth • Potential extension south of dyke and along parallel shears: • Strip
Slide 18: 2021 Resource/Reserve and Discovery Program
2021 Resource/Reserve and Discovery Program Refer ASX releases: 24 September 2019 and 29 May, 10 & 24 July, 7 & 30 October and 12 November 2020 • 2021 drilling program: Hampton –Victory Corridor Numerous targets along prospective corridor • 85,000m of RC, diamond and auger drilling • Resource growth
Slide 19: Kal East Gold Project Pipeline
Kal East Gold Project Pipeline Refer ASX releases: 24 September 2019 and 29 May, 10 & 24 July, 7 & 30 October and 12 November 2020 • Quality targets at all stages of development • $8.5M / 85,000m committed to 2021 drilling to define Reserves, grow Resources and make discoveries • Including $2.7M foc
Slide 20: Discovery Drilling already Delivering Result
Discovery Drilling already Delivering Result • Recent discovery success: • Majestic: • 8m @ 5.23 g/t Au from 48m - between pits • 4m @ 18.40 g/t Au from 96m - north of Imperial (600m+) • 8m @ 2.25 g/t Au from 36m - new target, Majestic • Fingals: • 2m @ 7.64 g/t Au from 40m - shafts 1.2km south • 6m
Slide 21: Next Steps
Next Steps
Slide 22: 2021 Strategy - Kal East in the "Go Bay"
2021 Strategy- Kal East in the “Go Bay” • Key objectives: • Resources growth • Maiden Ore Reserves • Re-optimisation of mine plans, including impact of mill acquisition and “Big Dig” • All major mill components secured: ‐ Crusher [Identified] ‐ Grinding mills (x2) [In Kalgoorlie] ‐ Steel work [Acqui
Slide 23: Timeline - Funding, Growth and Construction
Timeline - Funding, Growth and Construction • 2021 ‘Go Bay’ strategy: Sources and Use of Funds A$M • Grow Resources / Ore Reserves Cash at Opening 2.7 • Secure all major equipment Equity Raising 20.0 • Initial civil works Drilling -8.5 Feasibility Studies -0.9 • Full funding: Administration -1.5 • C
Slide 24: Investment Highlights
Investment Highlights • Large underexplored landholding: • 805km2 within 50km of Kalgoorlie • 1.09Moz @ 2.2g/t Au, growing • Ongoing drilling, Resource and Ore Reserve upgrades • Low-cost development strategy: • Centralised processing facility • De-risk by securing major equipment • Mining approvals
Slide 25: Connect with us
Connect with us Level 3, 52 Kings Park Road, West Perth WA 6005 PO Box 184, West Perth WA 6872 +61 (0) 458 007 713 | admin@blackcatsyndicate.com.au Twitter / Facebook | @blackcatsyn8 ABN 63 620 896 282 www.blackcatsyndicate.com.au
Slide 26: JORC 2012 Resource Table
JORC 2012 Resource Table Measured Resource Indicated Resource Inferred Resource Resource The announcements containing the Table 1 Checklists of Assessment and Reporting Criteria relating for the 2012 JORC compliant Resources are: Deposit Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Tonne
Slide 27: Significant Regional Potential - 756km2
Significant Regional Potential - 756km2 Growth is Drilling Constrained Hampton –Victory Corridor Refer ASX releases: 24 September 2019 and 29 May, 10 & 24 July, 7 & 30 October and 12 November 2020 Numerous targets along prospective corridor Anomaly 38 Targeting source of mineralised paleochannel 2m
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