Caspin Resources Ltd. · ASX:CPN
Caspin Resources — Shareholder Meeting (November 2024)
26 slides from Caspin Resources's shareholder meeting presentation, Nov 27, 2024
Slide 1: Annual General Meeting
For personal use only CASPIN RESOURCES LTD Annual General Meeting 27 November 2024 Greg Miles, Managing Director ASX: CPN | www.caspin.com.au Icon Description automatically generated
Slide 2: 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 3: Corporate Overview
CORPORATE OVERVIEW Successful exploration, corporate and capital markets team LEADERSHIP TEAM PRO-FORMA CAPITAL STRUCTURE Currently on Tranche 2 Up-front Offer Price $0.05 Pro-Forma For personal use only issue Placement acq. cost2 Shares 118,687,703 8,433,5862 10,000,000 137,121,289 Unlisted Options
Slide 4: A New Strategic Direction in 2025
A New Strategic Direction in 2025 Shareholders poised to benefit from high-grade tin exposure • New BYGOO TIN PROJECT in the sweet spot for Caspin Tin – a standout performer in 2024 For personal use only Advanced exploration targets in a project with limited exploration over the past 40 years Ca
Slide 5: Diversified Commodity Exposure
Diversified Commodity Exposure BYGOO PROJECT Near-term opportunities at Bygoo, while retaining long-term value at Advanced, high grade tin exploration project Yarawindah Brook and Mount Squires For personal use only Positioned within the Wagga Tin Granites – mineralised belt, the project surroun
Slide 6: Bygoo Project
For personal use only BYGOO PROJECT (CPN Option to acquire 100%) High grade tin exploration project located in a prolific tin producing region 6
Slide 7: Bygoo Tin Project – A Unique Exploration Opportunity
Bygoo Tin Project – A Unique Exploration Opportunity Why we like it Demonstrated high-grade mineralisation ✓ For personal use only Compares very favourably to other tin exploration and development projects in Australia An expansion of the exploration search space ✓ Multiple prospects and targets
Slide 8: Bygoo Tin Project – Leveraged to Escalating Demand
Bygoo Tin Project – Leveraged to Escalating Demand Strong commodity fundamentals • Tin is a high-value metal, currently trading ~US$28,900/t For personal use only • Tin listed as a ‘Strategic Metal’ in Australia and importantly a ‘Critical Metal’ in the US, due to a lack of domestic supply • Approxi
Slide 9: A Very Brief & Recent History Of The Tin Market
A Very Brief & Recent History Of The Tin Market Emerging from 40 years of struggle Chart source: tradingeconomics.com Now – expanding demand in Tin is the original TIN (USD/T) - 50 YEAR HISTORICAL PRICE new technology vs reducing For personal use only ‘Critical Metal’ (Nominal) supply, partly due to
Slide 10: Bygoo Project Overview
Bygoo Project Overview In the heart of the Wagga Tin Granite Belt, NSW • Three granted exploration licenses covering 1,180km2 For personal use only • Surrounds the old Ardlethan tin mine (excised), which was the largest tin mine on mainland Australia, producing 48kt Sn until 1986 Recent drilling h
Slide 11: What is a Greisen?
What is a Greisen? A common host of tin mineralisation and associated metals • Greisen is a highly altered granitic rock, For personal use only usually composed predominantly of quartz and micas, formed by hydrothermal fluids from the host granite. Common accessory minerals are topaz and tourmaline.
Slide 12: Multiple High-Grade Targets at Bygoo North
Multiple High-Grade Targets at Bygoo North With large gaps in the drill coverage • Main Zone, perpendicular to historical For personal use only mining at the Dumbrells Pit 35m @ 2.10% Sn from 43m, incl 5m @ 6.00% Sn from 65m (BNRC011) 15m @ 1.42% Sn from 120m, incl 3m @ 3.44% Sn from 125m (BNRC0
Slide 13: Bygoo North Prospect – Main & P380 Greisens
Bygoo North Prospect – Main & P380 Greisens High Grade Tin at Shallow Depths • Main & P380 - highest contained metal of all the Bygoo North Greisens For personal use only • Excellent potential to extend mineralisation • Main Zone Cross Section 35m @ 2.10% Sn from 43m, incl 5m @ 6.00% Sn from 65m (
Slide 14: Bygoo North Prospect - Stewarts and Smiths Greisens
Bygoo North Prospect - Stewarts and Smiths Greisens • Northern and southern extents of 500m strike of high-grade greisens along granite contact For personal use only • Very early stage of exploration, all mineralisation open • Stewarts 37m @ 0.63% Sn from 74m incl 4m @ 1.69% Sn from 88m (BNRC069)
Slide 15: Excellent Regional Potential
Excellent Regional Potential A full pipeline of greenfield to advanced prospects • Over 20km of eastern Ardlethan Granite For personal use only contact to explore Historical workings indicate numerous tin occurrences along the contact • Example: Bald Hill Prospect Last drilled in 1979 Signific
Slide 16: Highly Encouraging Mineralogy
Highly Encouraging Mineralogy Key to Economic Processing For personal use only • Petrology performed on several thin sections from BNRC011: 35m @ 2.10% Sn (Main Zone) • Tin occurs as Cassiterite (SnO2) amongst dominantly quartz and lesser tourmaline and topaz Cassiterite is the only tin mineral that
Slide 17: Transaction Details & Strategic Placement
Transaction Details & Strategic Placement Staged Option Agreement Reduces Up-front Risk The consideration payable by the Company to Syndicate is as follows: For personal use only 1. An upfront payment of $100,000 on signing, providing Caspin with 3 months exclusivity; 2. Subject to exercise of the O
Slide 18: Limited ASX Tin Exposure
Limited ASX Tin Exposure Caspin joins a small number of companies with primary tin assets1 $386M For personal use only Market Cap (A$M) EV (A$M) $35M $32M $24M $19M $7M $204M $23M $23M $21M $17M $4M MLX 2 SRZ 3 CRI 4 SKY 5 ELT 6 CPN 7 Resource Grade (Sn %) 0.90% 1.04% 0.20% 0.15% 0.49% N/A Resource
Slide 19: Mount Squires Project
For personal use only MOUNT SQUIRES PROJECT (CPN 100%) Large scale greenfield gold, REE and base metal project 19
Slide 20: Mount Squires: A strategic position with multi-commodity prospectivity
Mount Squires: A strategic position with multi-commodity prospectivity • Rare Earth Elements: Option granted to unlock the potential of new REE discovery, a province-scale opportunity For personal use only • Nickel & Copper: Only 10km along strike from A$1.7B Nebo-Babel mine development by BHP and r
Slide 21: West Musgrave Magmatic Sulphide Corridor
West Musgrave Magmatic Sulphide Corridor Ground gravity survey completed to assist next round of targeting • New gravity dataset designed to infill broad and 21 inconsistently spaced data For personal use only • A focus on subtle anomalies coincident with prospective intrusions at Sienna & Auburn •
Slide 22: Agreement with ASM elevates REE project above its peers
Agreement with ASM elevates REE project above its peers Collaborating with Australian Strategic Materials to unlock Mount Squires REE potential For personal use only • REE discovery by Caspin in 2023 27m @ 0.70% TREO inc. 12m @ 1.15% TREO (MSRC0003) − (1,662ppm Nd2O3, 404ppm Pr6O11, 325ppm Dy2O3,
Slide 23: Yarawindah Brook Project
For personal use only YARAWINDAH BROOK PROJECT (CPN 80%) Discovering PGE-Ni-Cu in the emerging West Yilgarn Province 23
Slide 24: Yarawindah Brook: A First-Class Address for Discovery
Yarawindah Brook: A First-Class Address for Discovery A large, strategic position in the emerging West Yilgarn PGE-Ni-Cu Province For personal use only Exploring new targets with similar geology to the nearby Chalice Mining (ASX:CHN) Gonneville PGE-Ni-Cu Deposit (17Moz 3E, 960kt Ni, 540kt Cu)
Slide 25: Caspin's Investment Proposition
CASPIN’S INVESTMENT PROPOSITION Experienced base and precious metal explorer For personal use only and developer Strategic positions in world-class regions with excellent leverage to critical and battery metals A new strategic direction at the Bygoo Project with potential success in the near-term Ca
Slide 26: Caspin Resources Limited
For personal use only CASPIN RESOURCES LIMITED Ground Floor, 675 Murray Street West Perth, Western Australia 6005 T: +61 8 6373 2000 E: admin@caspin.com.au W: www.caspin.com.au ASX: CPN Icon FOLLOW US: Description automatically generated QR Receive news direct 26/03/24 to your inbox Subscribe on the
Caspin Resources — Shareholder Meeting (November 2024) on 6ix