Caspin Resources Ltd. · ASX:CPN
Caspin Resources — Investor Presentation (November 2020)
23 slides from Caspin Resources's investor presentation, Nov 26, 2020
Slide 1: Company Presentation and Investor Webinar Details
ASX RELEASE 26 NOVEMBER 2020 Company Presentation and Investor Webinar Details Caspin Resources Limited (ASX: CPN) is pleased to lodge a copy of the presentation that CEO Mr Greg Miles will be presenting at a webinar tomorrow, Friday 27 November 2020 at 9:00am WST, following Caspin’s listing on the
Slide 2: Highly Prospective Landholding in Emerging WA Gold and Base Metals Provinces
www.caspin.com.au Highly Prospective Landholding in Emerging WA Gold and Base Metals Provinces November 2020 ASX CODE: CPN
Slide 3: Disclaimer
DISCLAIMER The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not
Slide 4: Investment Highlights
Investment Highlights Two highly prospective WA projects + potential $20m contingent payment ✓ First mover, highly prospective land position of 400km2 in emerging Ni-Cu-PGE belt – 40km north from Chalice’s Julimar discovery ✓ Large landholding in emerging gold province at Mount Squires, with signifi
Slide 5: Overview of Assets
Overview of Assets Two highly prospective and complementary projects in Tier 1 jurisdiction 1) Yarawindah Brook (80% interest) – Ni-Cu-PGE 40km north from Chalice’s high-grade Julimar Ni-Cu-PGE discovery First-mover advantage with priority geological landholding (>400km2) Ni-Cu-PGE mineralisat
Slide 6: Corporate Overview
Corporate Overview Backed by strategic shareholders and well funded for exploration Capital Structure Details No. Substantial Shareholders No. (m) % ASX Code CPN 1 Chalice Gold Mines Ltd 6.0 10.0% Total shares on issue 60,071,922 2 Mr Buxiao Yu 3.9 6.6% IPO Share Price $0.20 3 Tinci (HK) Limited 3.6
Slide 7: Board & Management
Board & Management Highly experienced exploration, corporate and capital markets team o Mr Lawrenson is a highly experienced and well-known mining industry professional. Mr Lawrenson is currently Non-Executive Chairman of Pacific Energy Limited (acquired by QIC in 2019 for $535m), Paladin Mr Cliff L
Slide 8: Yarawindah Brook
YARAWINDAH BROOK A large strategic land position in the heart of the Emerging New Norcia Nickel Province 7
Slide 9: First Mover in Emerging Ni-Cu-PGE Belt
First Mover in Emerging Ni-Cu-PGE Belt Strong Foundation for Success Targeted in 2018 (pre-Julimar discovery) due to proximity to important regional structural intersection Overlooked in the past due to lack of geological exposure, competition with agriculture and focus on Kambalda-style Ni Ne
Slide 10: A New Address For Ni-Cu-PGE Deposits
A New Address For Ni-Cu-PGE Deposits A large strategic land position in the heart of the Emerging New Norcia Nickel Province 400km2 of under-explored magmatic Ni-Cu system Located 40km north of, and within same group of host rocks as Chalice’s Julimar Nickel Discovery Only 100km north of Perth
Slide 11: New Norcia Pre and Post Julimar Discovery
New Norcia Pre and Post Julimar Discovery Yarawindah Project Area Well Established Prior to Julimar Discovery PRE-CHALICE’S JULIMAR DISCOVERY PEGGING RUSH POST JULIMAR DISCOVERY JANUARY 2020 APRIL 2020 10
Slide 12: Limited Exploration to Date
Limited Exploration to Date Exciting results from early exploration Significant results from first drilling: o 0.12m @ 5.97% Ni, 0.75% Cu, 0.39% Co & 2.66g/t PGE o 2.25m @ 1.09% Ni, 0.99% Cu, 0.08% Co & 0.24g/t PGE o 0.90m @ 1.44% Ni, 0.76% Cu, 0.11% Co & 0.19g/t PGE Broad low-grade mineralisati
Slide 13: The Opportunity
The Opportunity Regional scale interpretation driving next round of targeting Past exploration has focused on a small area where prospective rocks fortuitously outcrop – i.e. Yarabrook Hill Magnetics and gravity have identified other areas that may host Ni-Cu mafic intrusions – e.g. Brassica and
Slide 14: The Opportunity #2
The Opportunity #2 A New Exploration Strategy Field mapping & drill interpretation has shown that much of the potential host rocks are flat lying and under shallow cover – i.e. unexplored Only 5% of project area is effectively explored Effective exploration = Electromagnetics plus soil geochem
Slide 15: An Aggressive Exploration Program
An Aggressive Exploration Program Systematic work programs to acquire new datasets to explore entire package effectively Airborne EM survey scheduled for November to generate first round of new targets Month Nov Dec Jan Feb Mar Apr ‘20 ‘20 ‘21 ‘21 ‘21 ‘21 Airborne EM Ground EM Soil Geochem Targe
Slide 16: Mount Squires
MOUNT SQUIRES A new frontier gold province 15
Slide 17: Mount Squires Gold Project
Mount Squires Gold Project LARGE SCALE GREENFIELD GOLD PROJECT A new gold frontier in the Musgrave Province Large ~750km2 landholding Significant drill results include: 20m @ 1.27g/t Au from 23m, including 7m @ 2.54g/t Au 15m @ 2.30g/t Au from 31m, including 9m @ 3.25g/t Au POTENTIAL STRIK
Slide 18: A Large-scale Gold Project
A Large-scale Gold Project Very few greenfield gold projects with potential scale Previous drilling focused on favourable exposure at Handpump Mineralisation open laterally at shallow depth, beneath barren cover rocks Strong Mo, Zn & Pb soil anomaly south at Centrifical could be defining a lar
Slide 19: Exploring a New Gold Frontier
Exploring a New Gold Frontier Major Greenfields Exploration Program NEXT STEPS: Extend and infill soil geochemistry along trend and ultimately across entire project Reconnaissance drilling along trend between Handpump and Centrifical with targeted RC follow-up Month May Jun July Aug Sept Oct ‘21
Slide 20: An Emerging Ni – Cu Project
An Emerging Ni – Cu Project Potential long-term strategic value Potential 20km extension of Ni-Cu hosting intrusions on the eastern side of the project One Tree Hill Prospect (40m @ 1.2% Cu and 22m @ 1.8% Cu) only 200m outside Caspin tenement boundary Field mapping confirms mafic host rocks ex
Slide 21: OZL Contingent Consideration
OZL CONTINGENT CONSIDERATION Potential to receive up to A$20M cash contingent payment 20
Slide 22: OZL Contingent Consideration
OZL Contingent Consideration Caspin holds the right to receive a potential payment of up to A$20m • On 22 June 2020, OZ Minerals (OZL) and Cassini announced the scheme of arrangement whereby OZL would acquire 100% of Cassini, consolidating its ownership of the West Musgrave Project to 100% • At the
Slide 23: Caspin Resources Limited
Caspin Resources Limited Ground Floor, 16 Ord Street West Perth , Western Australia 6005 T: +61 8 6373 2000 E: admin@caspin.com.au W: www.caspin.com.au 22
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