Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Malagasy Minerals — Shareholder Meeting (November 2015)
23 slides from Capricorn Metals's shareholder meeting presentation, November 2015
Slide 1: 2015 Annual General Meeting Presentation
2015 ANNUAL GENERAL MEETING PRESENTATION Malagasy Minerals Limited (ASX: MGY) “A Golden Beginning”
Slide 2: Disclaimer and Competent Person's statement
Disclaimer and Competent Person’s statement Disclaimer This presentation is provided to you for the sole purpose of providing preliminary back ground technical, financial and other information to enable you to review the business activities of Malagasy Minerals Limited (“Malagasy”). The material pro
Slide 3: The Opportunity and a Change of Direction
THE OPPORTUNITY and a CHANGE OF DIRECTION • Heads of agreement signed to acquire the Karlawinda Gold Project, Western Australia (23 October 2015). • Via the purchase of all issued capital in Greenmount Resources Pty Ltd. • Greenmount is an unlisted private company that has contracted to acquire the
Slide 4: Karlawinda Gold Project Details
KARLAWINDA GOLD PROJECT DETAILS* • Bibra Deposit JORC 2012 Inferred resource at: 18mt @ 1.1g/t Au for 650,800oz Au (COG 0.5g/t)* • Potential for near term open pit production; significant historical expenditure on resource evaluation and pre-feasibility study activities. • Thick, flat lying gold min
Slide 5: Karlawinda Gold Project Details
KARLAWINDA GOLD PROJECT DETAILS Large scale potential within an unexplored Archaean greenstone belt to significantly add to the resource base in the near term: • Bibra Gold Deposit: gold mineralization remains open in down plunge positions and potential exists for strike extensions and stacked miner
Slide 6: Karlawinda Gold Project - Location
KARLAWINDA GOLD PROJECT - LOCATION • Located approximately 65 km south of Newman in the Pilbara Province of Western Australia. • The main access route is via the Great Northern Highway and the Weelarrana Station (unsealed) access road and station tracks within Weelarrana Station. • The Pilbara-Goldf
Slide 7: Karlawinda Gold Project - Tenements
KARLAWINDA GOLD PROJECT - TENEMENTS • The main project area is made up of four granted exploration licences that cover an area of ~ 290km sq. • The tenements cover a large area of the Sylvania Dome, an under-explored Archaean aged outlier on the margin of the Pilbara Craton. • The southern part of t
Slide 8: Karlawinda Gold Project – Previous Work
KARLAWINDA GOLD PROJECT – PREVIOUS WORK • Gold mineralization at the Francopan Prospect was originally discovered by WMC Resources Ltd in 2005. • The project was subsequently acquired by Independence Group (IGO) in 2008 resulting in the discovery of the significant Bibra Gold Deposit in 2009. • Sinc
Slide 9: Bibra Gold Deposit
BIBRA GOLD DEPOSIT • JORC 2012 inferred resource estimated by IGO and subsequently reviewed by independent consultants 18 million tonnes @ 1.1g/t Au for 650,800oz Au Mineral Resource 30 June 2014* - Reported at a 0.5g/t Au cut off grade Classification Tonnes (Mt) Au g/t Contained Au (Oz) Measured --
Slide 10: Bibra Gold Deposit
BIBRA GOLD DEPOSIT • Part of a large-scale Archaean aged gold mineralized system. • The resource is hosted within a package of deformed meta-sediments developed on at least two parallel, shallow dipping structures. • Oxide mineralization has developed over the structures from surface to a depth of a
Slide 11: Bibra Gold Deposit
BIBRA GOLD DEPOSIT Bibra Gold Deposit Interpreted Cross Section (Diagram from IGO 2011 Diggers and Dealers Presentation) 11
Slide 12: Bibra Gold Deposit
BIBRA GOLD DEPOSIT Drill locations and calculated gram X metre thickness Highlights the potential to significantly increase the Bibra contours. Areas highlighted have potential in the near term Resource in the down-plunge position. to provide significant additions to the resource. The focus will be
Slide 13: Francopan Gold Prospect
FRANCOPAN GOLD PROSPECT • Located approximately 5km south east of the Bibra Gold Deposit • Demonstrates the potential size of the gold mineralizing system at Karlawinda. • The mineralization is covered by the northern margin of the Bangemall Basin. 13
Slide 14: Francopan Gold Prospect
FRANCOPAN GOLD PROSPECT • Limited broad spaced drilling beneath the cover sequence has intersected broad zones of mineralization containing narrower higher-grade intervals. • Francopan will be targeted to: • Define the size of the mineralized system, • Determine whether there is a connection with th
Slide 15: Regional Exploration Potential
REGIONAL EXPLORATION POTENTIAL • The Karlawinda Project remains largely unexplored. • Since the discovery of the Bibra Deposit the focus has largely been on detailed assessment of that resource. 15
Slide 16: Regional Exploration Potential
REGIONAL EXPLORATION POTENTIAL • Regional exploration remains at an early stage: limited to wide spaced aircore drilling, surface geochemistry and programs of geophysics. • Series of priority targets have been identified for immediate follow-up work. Results of over 2g/t Au have been returned from s
Slide 17: Transaction Details
TRANSACTION DETAILS • Under the HOA Malagasy will acquire all of the issued capital of Greenmount by the issue of 171,636,476 fully paid ordinary shares, which will represent 50% of the expanded capital of Malagasy after the issue. The HOA is subject to the following conditions: • Malagasy and Green
Slide 18: Capital Structure
CAPITAL STRUCTURE • The capital structure following completion of the transaction would be as follows (assuming all resolutions at the annual general meeting which relate to the issue of shares are passed.): Shares % Options Existing securities 165,346,421 48.2 8,250,000 Issued after AGM approval 6,
Slide 19: Board and Management
BOARD AND MANAGEMENT • At completion of the transaction, existing Malagasy directors Dr. Peter Woods and Mr. Graeme Boden will resign. • Mr. Guy LeClezio and Mr. Peter Langworthy will remain on the Board. • Two Greenmount directors, Mr. Heath Hellewell and Mr. Peter Thompson will join the Board. • M
Slide 20: Madagascar Assets
MADAGASCAR ASSETS • Existing Malagasy assets which are excluded from the transaction are the subsidiaries (both in Madagascar): • Mada-Aust SARL, which holds the tenements containing the Maniry graphite project in particular, but also other graphite and mineral prospects, together with labradorite m
Slide 21: The Future
THE FUTURE • The Karlawinda Project represents a near term development and production gold opportunity. • A substantial amount of quality work was completed by IGO to establish the key parameters of the project. • Whilst the initial focus will be on the advanced Bibra Gold Deposit, the wider project
Slide 22: Thank You
22 NP MALAGASY MINERALS LIMITED
Slide 23: Bibra – June 2014 Resources
Bibra – June 2014 Resources (As reported by Independence Group NL in there 2014 Annual Report) Mineral Resource 30 June 2014* - Reported at a 0.5g/t Au cut off grade Classification Tonnes (Mt) Au g/t Contained Au (Oz) Measured -- -- -- Indicated -- -- -- Inferred 18 1.1 650,800 GRAND TOTAL 18 1.1 65
Malagasy Minerals — Shareholder Meeting (November 2015) on 6ix