Carbine Resources Limited · ASX:CRB
Carbine Resources — Investor Presentation (October 2017)
28 slides from Carbine Resources's investor presentation, October 2017
Slide 1: Mount Morgan Gold Project
MOUNT MORGAN GOLD MOUNT MORGAN GOLD PROJECT PROJECT LONG LIFE PROJECT I SHORT TERM PAYBACK I COMMUNITY AND ENVIRONMENT ENHANCEMENT
Slide 2: A Vision of Opportunity: A Long Life Project with Community and Environmental Benefit
MOUNT MORGAN GOLD PROJECT A VISION OF OPPORTUNITY I A LONG LIFE PROJECT WITH SIGNIFICANT COMMUNITY AND ENVIRONMENTAL BENEFIT
Slide 3: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER MOUNT MORGAN GOLD PROJECT SUMMARY INFORMATION AND DISCLAIMER REGARDING EXPLORATION TARGETS NOT AN OFFER FORWARD LOOKING It is common practice for a company to comment on and discuss its exploration in terms of target size and type. Carbine The purpose of this pre
Slide 4: Carbine Resources (ASX:CRB) Capital Structure
CARBINE RESOURCES (ASX:CRB) MOUNT MORGAN GOLD PROJECT CAPITAL STRUCTURE ASX Code CRB Shares on issue 193 Million Share Price 7.1 cents1 Unlisted Options 26.7 Million ($0.05 - $0.10) Market Cap $13.8M Cash & Deposits $4.7M2 Carbine share price performance through DFS and approval stage – project in t
Slide 5: Mount Morgan Gold Project
MOUNT MORGAN GOLD PROJECT MOUNT MORGAN GOLD PROJECT 1. MOUNT MORGAN GOLD PROJECT IN CENTRAL QUEENSLAND. THE PROJECT SITS ADJACENT TO THE MOUNT MORGAN TOWNSHIP WITH ESTABLISHED INFRASTRUCTURE 2. CARBINE FEASIBILITY STUDY COMPLETED IN DECEMBER 2016 ON THE TAILINGS RETREATMENT AND ENVIRONMENTAL CLEAN-U
Slide 6: Win, Win, & Win
WIN, WIN, & WIN MOUNT MORGAN GOLD PROJECT 1. LONG LIFE PROJECT / SHORT TERM PAYBACK1 9.5 YEAR ORE RESERVE BASE CASE & 20 YEAR EXPANDED CASE 2 YEAR PROJECT PAYBACK PERIOD $549/AU OUNCE AISC PEAK AT 60OZS AUEQ ANNUAL PRODUCTION 2. ENVIRONMENTAL LEGACY QLD GOVERNMENT ACID MINE DRAINAGE LEGACY
Slide 7: Processing and Metallurgy Solution
PROCESSING AND METALLURGY SOLUTION MOUNT MORGAN GOLD PROJECT THREE STREAM PROCESSING FACILITY PRODUCING COPPER SULPHATE, UNROASTED PREMIUM IRON PYRITE AND GOLD COPPER RESIN LEACHING (RIP) PYRITE CONCENTRATE FLOTATION GOLD CARBON LEACHING (CIL) METAL MUNDIC NO 2 MILL RED OXIDE SHEPHERDS TOTAL R
Slide 8: Project Status
PROJECT STATUS MOUNT MORGAN GOLD PROJECT CLEANSED RESOURCE & TECHNICAL DATA (2016) MAIDEN ORE RESERVE (JORC 2012 – Dec 2016)1 LONG LIFE, SHORT PAYBACK FEASIBILITY STUDY (Dec 2016)1 RAGING BULL OPTION AGREED2 HERITAGE DEVELOPMENT APPLICATION ENDORSED BY QHC & APPROVED BY MINISTER DNRM3 REGIONAL PLANN
Slide 9: Carbine's Expenditure on Mount Morgan $11.1M to Date
CARBINES EXPENDITURE ON MOUNT MORGAN $11.1M TO DATE MOUNT MORGAN GOLD PROJECT CARBINE INVESTOR PRESENTATION – JULY 2014. FOLLOWING THE PFS INVESTOR PRESENTATION – AUGUST 2015. FOLLOWING INITIAL TEST WORK ON TAILINGS THE COMPANY PREDICTED Q3 COMPLETION OF PFS THE COMPANY REVISED THE TIMING TO 2015 AS
Slide 10: Is That a Light at the End of the Tunnel?
IS THAT A LIGHT AT THE END OF THE TUNNEL? MOUNT MORGAN GOLD PROJECT CARBINE DFS PRESENTATION – DECEMBER 2016. FOLLOWING COMPLETION OF DFS THE COMPANY PREDICTED Q2 2017 AS CURRENT TIMING FOR APPROVALS/FINANCE LEADS TO START OF PROJECT CONSTRUCTION START OF PROJECT CONSTRUCTION HOPEFULLY Q1 2018 EXPEN
Slide 11: Queensland Investment Attractiveness
QUEENSLAND INVESTMENT 10/104 MOUNT MORGAN GOLD PROJECT Ref: Fraser Institute Annual Survey of Mining Company’s 2016 published in Feb 2017 is the measure for the states investment and risk compared to its peers… There are two specific categories that are used to measure the states potential for inves
Slide 12: Queensland Policy Perception Index
QUEENSLAND RISK 36/104 MOUNT MORGAN GOLD PROJECT 2ND CATEGORY – POLICY PERCEPTION INDEX (ATTRACTIVENESS OF MINING POLICY IN A JURISDICTION)
Slide 13: Mount Morgan Risk
MOUNT MORGAN RISK MOUNT MORGAN GOLD PROJECT
Slide 14: FEED (Front End Engineering & Design)
FEED (FRONT END ENGINEERING & DESIGN) MOUNT MORGAN GOLD PROJECT 1. PLANT SITE GEOTECHNICAL ASSESSMENT (GRES) COMPLETED FOUNDATION DRILLING AND TEST PITS, SLIGHT MODIFICATION TO PLANT ORIENTATION AS ADDITIONAL TAILINGS FOUND AT SOUTH END OF PLANT SITE 2. BATCH TEST WORK COMPLETE TO ESTABLISH BASE
Slide 15: Batch Testing
MOUNT MORGAN GOLD PROJECT BATCH TESTING COPPER LOADED RESIN PYRITE FLOTATION COPPER RIP DEMONSTRATION COPPER STRIPPING FROM RESIN
Slide 16: Pyrite Export Solution
PYRITE EXPORT SOLUTION MOUNT MORGAN GOLD PROJECT 1. BINDING OFFTAKE CARBINE SIGNS KEY CHINESE OFFTAKE WITH IKING INTERNATIONAL LIMITED (Please refer announcement ASX: 2 August 2017) CARBINE APPOINT PYRITE MARKETING SPECIALIST LOI’s RECEIVED FROM END USERS FOLLOWING TESTWORK 7 2. CHINA CONSUMIN
Slide 17: Dee River Above and Below Mundic Gully
MOUNT MORGAN GOLD PROJECT DEE RIVER ABOVE MUNDIC DEE RIVER BELOW GULLY, SUNDAY 30 APRIL MUNDIC GULLY, SUNDAY 30 2017 APRIL 2017 MUNDIC GULLY AMD REACHING DEE RIVER
Slide 18: Dee River Above and Below Mundic Gully
MOUNT MORGAN GOLD PROJECT DEE RIVER ABOVE MUNDIC DEE RIVER BELOW GULLY, SUNDAY 30 APRIL MUNDIC GULLY, SUNDAY 30 2017 APRIL 2017 MUNDIC GULLY AMD REACHING DEE RIVER
Slide 19: Additional Information
MOUNT MORGAN GOLD PROJECT MOUNT MORGAN GOLD PROJECT ADDITIONAL INFORMATION
Slide 20: Feasibility Study – Key Results
FEASIBILITY STUDY – KEY RESULTS MOUNT MORGAN GOLD PROJECT 1. LONG LIFE PROJECT (1.1MTPA THROUGHPUT) 9.5 YEAR BASE CASE1 20 YEAR EXPANDED CASE1 2. LOW COST - AISC2 OF A$549/AU OZ 3. SHORT TERM PAYBACK - 2 YEAR PAYBACK 4. PRE-PRODUCTION CAPITAL3 OF A$85M, WHICH INCLUDES PROCESSING PLANT $75.6M 5
Slide 21: 20 Year Expanded Case
20 YEAR EXPANDED CASE MOUNT MORGAN GOLD PROJECT 1. 20 YEAR PROJECT IS AN EXTENSION TO ORE RESERVE (“BASE CASE”) 2. EXPANDED CASE - 22MT @ 1.6G/T AUEQ1, (0.9G/T AU, 0.12% CU, 21% PYRITE) First 9.5 years – “Base Case”, Ore Reserve +9.5 years to achieve 20 years expansion (same throughput rate) inc
Slide 22: Processing and Metallurgy
PROCESSING AND METALLURGY MOUNT MORGAN GOLD PROJECT THREE STREAM PROCESSING FACILITY PRODUCING COPPER SULPHATE, UNROASTED PREMIUM IRON PYRITE AND GOLD COPPER RESIN LEACHING (RIP) PYRITE CONCENTRATE FLOTATION GOLD CARBON LEACHING (CIL) WATER TREATMENT PLANT UTILISATION AND CONTINUED TREATED WAT
Slide 23: Queensland Government support statement
“The Queensland Government is committed to advancing key projects to support jobs and regional growth. Queensland’s MOUNT MORGAN GOLD PROJECT mining sector is an economic mainstay and its capability to deliver innovation in rehabilitation and remediation is a major opportunity for the state. On that
Slide 24: Appendix A – Key Results Expanded Case
APPENDIX A - KEY RESULTS MOUNT MORGAN GOLD PROJECT EXPANDED CASE – DESCRIPTION FS BASE CASE EXPANDED CASE MINING Ore Reserve (Mt) 9.9 9.9 CAUTIONARY STATEMENT Additional Material – Expanded Case (Mt) 0 12.5 Ore Reserve + Additional Material (Mt) 9.9 22.4 The expanded case referred to in this announc
Slide 25: Appendix B – Competent Person Statement; Appendix C – Mineral Resources
APPENDIX B – COMPETENT PERSON STATEMENT MOUNT MORGAN GOLD PROJECT The information in this report that relates to Exploration Targets, Exploration Results and the Inferred Mineral information or data that materially affects the information included in the original market announcements and, in the Res
Slide 26: Appendix D – Exploration Target; Appendix E – Ore Reserve
APPENDIX D – EXPLORATION TARGET MOUNT MORGAN GOLD PROJECT EXPLORATION TARGET TABLE (ASX:30 AUGUST 2016). The potential quality and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploratio
Slide 27: Appendix F – Metal Equivalents
APPENDIX F – METAL EQUIVALENTS MOUNT MORGAN GOLD PROJECT BOTH AUEQ (G/T) AND PYRITEEQ (WT%) HAVE BEEN USED IN THIS ANNOUNCEMENT. AuEq was calculated for each ore source based on the different metallurgical recoveries associated with those ore sources. A combined Total AuEq was also determined for re
Slide 28: Mount Morgan Gold Project
MOUNT MORGAN GOLD PROJECT
Carbine Resources — Investor Presentation (October 2017) on 6ix