Carbine Resources Limited · ASX:CRB
Carbine Resources — RIU Explorers Conference 2017
20 slides from Carbine Resources's conference presentation, Feb 23, 2017
Slide 1: Mount Morgan Gold Copper Project
MOUNT MORGAN GOLD - COPPER PROJECT For personal use only MOUNT MORGAN GOLD COPPER PROJECT LONG LIFE PROJECT I SHORT TERM PAYBACK I COMMUNITY AND ENVIRONMENT ENHANCEMENT
Slide 2: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER MOUNT MORGAN GOLD - COPPER PROJECT SUMMARY INFORMATION AND DISCLAIMER REGARDING EXPLORATION TARGETS For personal use only 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.
Slide 3: Carbine Resources Capital Structure
CARBINE RESOURCES (ASX:CRB) MOUNT MORGAN GOLD - COPPER PROJECT For personal use only CAPITAL STRUCTURE 1. THE HISTORICAL MOUNT MORGAN GOLD AND COPPER PROJECT IN CENTRAL QUEENSLAND ASX Code CRB 2. GOVERNMENT-HELD ENVIRONMENTAL LEGACY Shares on issue 193 Million 3. FEASIBILITY STUDY RECENTLY COMPLETED
Slide 4: Mount Morgan Gold – Copper Project
MOUNT MORGAN GOLD – COPPER PROJECT MOUNT MORGAN GOLD - COPPER PROJECT For personal use only 1. THE PROJECT SITS ADJACENT TO THE MOUNT MORGAN TOWNSHIP WITH FIRST CLASS INFRASTRUCTURE ALREADY IN PLACE 2. THE HISTORICAL MOUNT MORGAN MINE IS ONE OF AUSTRALIA’S PREMIER GOLD AND COPPER MINES WITH PRODUCTI
Slide 5: Feasibility Study – Key Results
FEASIBILITY STUDY – KEY RESULTS MOUNT MORGAN GOLD - COPPER PROJECT 1. LONG LIFE PROJECT (1.1MTPA THROUGHPUT) For personal use only 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 INCLU
Slide 6: Mining - Ore Reserve
MINING - ORE RESERVE MOUNT MORGAN GOLD - COPPER PROJECT NO 2 MILL 2.8MT @ 1.7G/T AUEQ, For personal use only 1.1G/T AU, 0.11% CU, 24% PY MOUNT MORGAN OPEN PIT MUNDIC GULLY 1.5MT @ 2.6G/T AUEQ, RED OXIDE 2.0G/T AU, 0.17% CU, 19% PY 0.7MT @ 2.5G/T AUEQ, SANDSTONE GULLY 2.1G/T AU, 0.3% CU SHEPHERDS GUL
Slide 7: 20 Year Expanded Case
20 YEAR EXPANDED CASE MOUNT MORGAN GOLD - COPPER PROJECT 1. 20 YEAR PROJECT IS AN EXTENSION TO For personal use only 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 expan
Slide 8: Processing and Metallurgy
PROCESSING AND METALLURGY MOUNT MORGAN GOLD - COPPER PROJECT THREE STREAM PROCESSING FACILITY For personal use only PRODUCING COPPER SULPHATE, UNROASTED PREMIUM IRON PYRITE AND GOLD COPPER RESIN LEACHING (RIP) PYRITE CONCENTRATE FLOTATION GOLD CARBON LEACHING (CIL) WATER TREATMENT PLANT UTILIS
Slide 9: New Processing Facility
MOUNT MORGAN GOLD - COPPER PROJECT For personal use only NEW PROCESSING FACILITY PHOTO COURTESY OF DNRM
Slide 10: Pyrite Concentrate
PYRITE CONCENTRATE MOUNT MORGAN GOLD - COPPER PROJECT 1. SPECIFIC MARKETS FOR PYRITE CONCENTRATE For personal use only Sulphuric Acid – Bulk supply of premium concentrate to China and Europe, Industrial Components – Specific small volume distribution to customers primarily in Asia 2. MOUNT MORGA
Slide 11: Project Approvals
PROJECT APPROVALS MOUNT MORGAN GOLD - COPPER PROJECT For personal use only MINING LEASE AND ENVIRONMENTAL AUTHORITY IN PLACE. THREE REMAINING APPROVALS: 1. ENVIRONMENT Environmental Authority MIN100708908 was previously approved for the project in 2010. An Environmental Authority Amendment applicati
Slide 12: Carbine Next Steps and Opportunities
CARBINE NEXT STEPS AND OPPORTUNITIES MOUNT MORGAN GOLD - COPPER PROJECT CURRENTLY PROGRESSING REGULATORY For personal use only APPROVALS, PYRITE CONCENTRATE OFFTAKE, 100% PROJECT OWNERSHIP AND FINANCE OPTIONS GOVERNMENT SUPPORT State Development application process for potential access to $130 mil
Slide 13: Carbine Resources Summary
CARBINE RESOURCES SUMMARY MOUNT MORGAN GOLD - COPPER PROJECT For personal use only 1. QUALITY ASSET IN MOUNT MORGAN - LOW COST, LONG LIFE WITH SHORT TERM PAYBACK 2. OPPORTUNITY TO MAKE SIGNIFICANT INROADS INTO THE HISTORICAL ENVIRONMENT LEGACY 3. TECHNICALLY AND COMMERCIALLY SUCCESSFUL TEAM WITH A T
Slide 14: Thank You
THANKYOU MOUNT MORGAN GOLD - COPPER PROJECT FOR FURTHER INFORMATION: For personal use only INVESTORS TONY JAMES CARBINE RESOURCES +61 8 6142 0986 COMMUNITY LIAISON RUSSELL DANN CARBINE RESOURCES +61 431 963 017 AUSTMINE 2015 MEDIA MINING INNOVATOR PAUL ARMSTRONG READ CORPORATE OF THE YEAR +61 8 9388
Slide 15: Appendix A - Key Results
APPENDIX A - KEY RESULTS MOUNT MORGAN GOLD - COPPER PROJECT EXPANDED CASE – DESCRIPTION FS BASE CASE EXPANDED CASE For personal use only 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 c
Slide 16: Appendix B – Competent Person Statement
APPENDIX B – COMPETENT PERSON STATEMENT MOUNT MORGAN GOLD - COPPER PROJECT The information in this report that relates to Exploration Targets, Exploration Results and the included in the original market announcements and, in the case of estimates of Mineral Inferred Mineral Resources for Mount Morga
Slide 17: Appendix C – Mineral Resources
APPENDIX C – MINERAL RESOURCES MOUNT MORGAN GOLD - COPPER PROJECT JORC 2012 MINERAL RESOURCE TABLE REPORTED AT A 0.00G/T CUT-OFF For personal use only (REFER ASX ANNOUNCEMENT DATED 30 AUGUST 2016). ROUNDING ERRORS CAN OCCUR. AREA TYPE CATEGORY TONNAGE (MT) GOLD (G/T) GOLD (KOZ) COPPER (%) COPPER MET
Slide 18: Appendix D – Exploration Target
APPENDIX D – EXPLORATION TARGET MOUNT MORGAN GOLD - COPPER PROJECT EXPLORATION TARGET TABLE (ASX:30 AUGUST 2016). For personal use only 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
Slide 19: Appendix E – Ore Reserve
APPENDIX E – ORE RESERVE MOUNT MORGAN GOLD - COPPER PROJECT MINERAL RESERVE TABLE (ASX: 8 DECEMBER 2016). For personal use only This estimate has been prepared in accordance with JORC Code (2012) guidelines. Further details for the estimate can be found in FS announcement and the JORC code table 1 l
Slide 20: Appendix F – Metal Equivalents
APPENDIX F – METAL EQUIVALENTS MOUNT MORGAN GOLD - COPPER PROJECT BOTH AUEQ (G/T) AND PYRITEEQ (WT%) HAVE BEEN USED IN THIS ANNOUNCEMENT. For personal use only AuEq was calculated for each ore source based on the different metallurgical recoveries associated with those ore sources. A combined Total