Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — RIU Explorers Conference 2022
26 slides from Black Cat Syndicate's conference presentation, February 2022
Slide 1: Path to Production
Click to edit Master title style Path to Production February 2022
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: • ~800km2 within 50km of Kalgoorlie • ~1.3Moz @ 2.2g/t Au, growing rapidly • Mines ready to go: • Myhree Open Pit • Majestic Underground • Rapidly growing Fingals Open Pit • Low-cost development strategy: • Centralised processing facility • Ma
Slide 4: Company Overview
Company Overview
Slide 5: The Company - Simple Structure, Experienced Team
The Company - Simple Structure, Experienced Team Corporate Information Board of Directors Shares on Issue 140.8M Gareth Solly Previous roles include senior management roles Managing Director with Norilsk Nickel, Silver Lake Resources and Options @ ~$0.33 (av.) 15.0M BSc (1st Class Hons.), Dip Sarace
Slide 6: Kal East Gold Project - Enviable Ground Position
Kal East Gold Project - Enviable Ground Position • Proven gold tenure: • >600,000oz produced historically • ~800km2 of prospective holding • 76% of leases granted • 26% granted mining leases • Significant discovery potential • Excellent infrastructure: • All weather roads • Local service providers •
Slide 7: High Grade Resources - 1.3Moz in <4 years and growing
High Grade Resources - 1.3Moz in <4 years and growing • 12 transactions, 18 projects in 3 years: • 532,000oz Resource acquired • Ongoing drill programs: • ~200,000m drilled in 4 years • 740,000oz Resource discovered • >80% of expenditure into the ground • Excellent safety record • Current Resource:
Slide 8: Development Plan
Development Plan
Slide 9: Centralised Processing Facility
Centralised Processing Facility • Low-cost development strategy • Strategic location: • 50km east of Kalgoorlie • Conventional gravity & CIL circuit: • Resources are free milling • Amenable to 3rd party ore sources • Short haulage distance: • Myhree - 28km • Trojan - 11km • Fingals - 8km • Majestic
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 mills • Infrastructure, auxiliaries, critical spares and lime silo • Initial plan to install 1.85MW mill for 800ktpa • Retain a low-cost option to expand to 1.5Mtpa • Major mill components status
Slide 11: Processing Facility Design
Processing Facility Design • Design completed & “Issued for Construction” drawings expected June 2022 quarter • Designed to be readily expandable from 800ktpa to 1.5Mtpa Site Services Gravity CIL Circuit Tailings Crusher Earthworks/Concrete Grinding Mill/Steelwork February 2022 ASX │ BC8 11
Slide 12: Imminent Approvals & Experienced Team
Imminent Approvals & Experienced Team • Granted mining leases: Proposed mill site layout at Majestic • >97% of all Resources on granted leases • Completed approvals: • Myhree Open Pit Designed surface TSF • Majestic Underground • Processing Plant/Water • Works Approval • Expected approvals: • Tailin
Slide 13: Mining Centres
Mining Centres
Slide 14: Myhree Mining Centre - Ready to Mine
Myhree Mining Centre - Ready to Mine • 259koz @ 2.8 g/t Au • Myhree open pit: Unmined Open Pit • Fully approved • Grade control drilling commenced • Satellite pit at Boundary • Myhree underground: • Stoping widths up to 14m, long hole mining • High grades at depth eg. 4.6m at 11g/t from 185m Pit opt
Slide 15: Majestic Mining Centre - Ready to Mine
Majestic Mining Centre - Ready to Mine • 507koz @ 2.0 g/t Au • 204koz @ 4.5 g/t Au (UG) • Open & growing Mined Pit Mined Pit • Ounces per vertical metre • >1000 oz/m • Drilling constrained • Underground intercepts: • 9m @ 6.16g/t Au from 136m • 6m @ 7.01g/t Au from 167m • 3.12m @ 5.89g/t Au from 332
Slide 16: Majestic Mining Centre - Jones Find
Majestic Mining Centre - Jones Find • 33koz @ 1.3 g/t Au - initial • 13m @ 4.98 g/t Au from 30m • 13m @ 2.38 g/t Au from 26m • 16.75m @ 2.99 g/t Au from 32.1m • Maiden Resource only on North area Designed surface TSF • North and South areas open & growing • RC drill rig currently active Jones Find N
Slide 17: Fingals Mining Centre - Rapidly Growing
Fingals Mining Centre - Rapidly Growing • 275koz @ 2.2 g/t Au • >200% growth in <18 months and open in all directions • Potential large scale open pit with satellite deposits • Scale will grow with drilling (6 months) • Significant high grade zones: • 4.00m @ 13.30 g/t Au from 122m • 13.00m @ 37.43
Slide 18: Fingals Mining Centre - Substantial Upside Potential
Fingals Mining Centre - Substantial Upside Potential • Historical pit mined 37koz targeting south plunging shoot Extensive drilling program required! • Now proven >400m down plunge - open to north, south and east Refer ASX releases 3 & 23 September,12 November 2020 & 21 & 28 January, 29 March,12 Apr
Slide 19: Fingals Fortune - New & Numerous Targets
Fingals Fortune - New & Numerous Targets • Geological understanding has developed rapidly • Potential open pit growth with drilling: • Target 1 - Along strike of the Western Shear Lodes and high-grade South Lodes (shallow) • Target 2 - Eastern strike & down plunge extension of South Lodes (deeper) •
Slide 20: 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: • New RC
Slide 21: Kal East Gold Project Pipeline
Kal East Gold Project Pipeline • Quality targets at all stages of development • >93,000m in 2021 drilling to define Ore Reserves, grow Resources and make discoveries • Currently >9,000 samples at the lab awaiting assay 24,000m 27,000m 30,000m 13,000m Discovery Majestic Regional Trojan Regional Resou
Slide 22: Next Steps
Next Steps
Slide 23: Next Steps
Next Steps • First half 2022 • Drilling to evaluate mining potential at Fingals • Drilling to evaluate mining and TSF potential at Jones Find • Feasibility Study and Ore Reserves - March 2022 quarter • Grid power to displace diesel power generation - final assessment • “Issued for Construction” draw
Slide 24: Investment Highlights
Investment Highlights • Large underexplored landholding: • ~800km2 within 50km of Kalgoorlie • ~1.3Moz @ 2.2g/t Au, growing rapidly • Mines ready to go: • Myhree Open Pit • Majestic Underground • Rapidly growing Fingals Open Pit • Low-cost development strategy: • Centralised processing facility • Ma
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@bc8.com.au ABN 63 620 896 282 www.blackcatsyndicate.com.au
Slide 26: JORC 2012 Resource Table
JORC 2012 Resource Table The announcements containing the Table 1 Checklists of Assessment and Reporting Criteria relating for the 2012 JORC compliant Measured Resource Indicated Resource Inferred Resource Total Resource Re sources are: Metal Metal Metal 1. Myhree Mining Centre: Tonnes Grade Tonnes