Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — RIU Resurgence Conference (September 2020)
23 slides from Black Cat Syndicate's conference presentation, September 2020
Slide 1: Transitioning from Discovery to Mining
TRANSITIONING FROM DISCOVERY TO MINING ASX | BC8 September 2020
Slide 2: Disclaimer and Disclosure
Disclaimer and Disclosure Disclaimer 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-looking statements. Although Black Cat Syndicate
Slide 3: Strategic Objectives
Strategic Objectives • Targeting >1Moz in Resource - genuine scale • Definition of Mining Reserves - target >3 years of mill feed • 100% owned mill - working towards full production March 2022 quarter September 2020 ASX | BC8 3
Slide 4: Achievements
Achievements 32 Months Into Journey • IPO January 2018 - consolidated historic Bulong gold field • Drilling success - drilled >90,000m, numerous discoveries at <A$30oz • Discovered high-grade Resources - 3.5Mt @ 2.6 g/t Au for 294,000oz • East of Kalgoorlie focus - 491km2 along ~50km Hampton-Victory
Slide 5: The Company
The Company Simple Structure, Strong Support, Experienced Team Corporate Information (post placement) Board of Directors Share Price (14 September 2020) A$0.755 Previous roles include founding Chairman of Silver Paul Chapman Lake Resources, directorships with Reliance Mining, Non-Executive Chairman
Slide 6: Consolidation of Opportunity
Consolidation of Opportunity Low Barriers to Mining • Proven gold region - 491km2 prospective holding - 77% of leases granted - 29% granted mining leases • Historical mining - >163,000oz @ >1oz/t (pre-1980) - ~225,000oz (post-1980) • Excellent infrastructure - all weather roads - regional mills - lo
Slide 7: Enviable Ground Position
Enviable Ground Position Significant Opportunity • Acquisition strategy - east of Kalgoorlie - historic gold field - high-grade - quality Resources and/or significant exploration potential • 5th largest landholding within 50km radius of Kalgoorlie • Other significant holders in the region include: -
Slide 8: Growing Resources
Growing Resources Line of Sight to 1Moz • Resources open with 1Moz Project Date Cut-off Tonnes Grade Contained Oz targeted in the short-term Reported1 g/t Au ‘000 g/t Au ‘000 • Granted mining leases Myhree Mining Centre+ Mar-2020 1&2 2,832 2.7 248 • Low discovery/acquisition Queen Margaret Dec-2018
Slide 9: Near Term Growth
Near Term Growth 12 months >60km of Drilling Planned • Fingals - +30,000m (underway) • Rowe’s Find - 5,000m • Bulong - 10,000m • Black Hills - 5,000m • Wombola Complex - +5,000m • Regional Exploration - +10,000m September 2020 ASX | BC8 9
Slide 10: Imperial and Majestic
Imperial and Majestic Open Resources Ready for Growth • Near-term mining opportunities - 113,000oz mined (2016-2018) - 260,000oz Resource (2018) - Resource is open and requires UG focus • Intercepts below pits include1: - 8m @ 23.87 g/t Au from 124m - 5m @ 43.9 g/t Au from 107m • Strong potential of
Slide 11: Fingals Fortune
Fingals Fortune Under Explored for 30 Years - Now Drilling OPEN • Near-term mining opportunities from shallow oxide Resources - 57,000oz mined (1992) OPEN OPEN - 88,000oz Resource (2013) - immediate opportunity to grow Resource and create Reserve • Historic unmined intercepts include1: OPEN - 3m @ 1
Slide 12: Fingals Regional
Fingals Regional Significant Discovery Potential • Advanced targets - Jones’ Find - similar geology to Majestic, drill ready targets o 3m @ 6.09 g/t Au from 47m o 5m @ 2.87 g/t Au from 36m - Volterra - along strike of Fingals o 2m @ 14.3 g/t Au from 122m o 2m @ 8.74 g/t Au from 94m • Early stage tar
Slide 13: Rowe's Find
Rowe’s Find Exciting Potential on New Frontier • Historic workings • Under explored greenstone belt • Current Resource - 148,000t @ 3.5 g/t Au for 17,000oz - defined by limited drilling up to 2005 • Better historical results include1 - 6m @ 34.00 g/t Au from 6m (RFRC11) - 10m @ 10.02 g/t Au from 39m
Slide 14: Bulong Regional
Bulong Regional 50km of Prospective Structure • Control of the prospective Hampton-Victory structural corridor • Extends from Bulong ~50km to the north and south towards Fingals • Host of numerous mines/deposits - Queen Margaret Mine (~110,000oz) - Myhree Mining Centre (~250,000oz) - Cannon Mine (~7
Slide 15: Myhree Mining Centre
Myhree Mining Centre Ready to Mine Pit optimisations displayed– not mined OPEN OPEN • Shallow high-grade Resources - open at depth • 2.8Mt @ 2.7 g/t Au for 248,000oz • Mine study assessing a two stage pit followed by an underground • Myhree as baseload, satellite mines at Boundary, Trump and Queen M
Slide 16: Milling Strategy
Milling Strategy Planning for the Future • Insufficient milling infrastructure east of Kalgoorlie • Bulk of Resource within 25km radius - centralised mill location - Fingals Project • Mill planning underway - targeting low capital start up - utilise local supply and services - expand capacity as Res
Slide 17: Transformation
Transformation Steps to Production • Increase Resources to 1Moz and define first three years of mill feed Milestone 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 Build Organisation • Complete mill planning - 2020 Drilling - Ongoing - acquire long lead time items Mining Studie
Slide 18: Use of Funds
Use of Funds Dollars Spent in Ground Sources of Funds Amount Uses of Funds Amount A$M A$M Pre-IPO capital 0.6 Share issue costs 2.1 IPO (A$0.20) 6.0 Acquisition costs 1.8 Placement (A$0.20) May 2019 2.5 Corporate/Administration 1.9 Placement (A$0.43) Oct 2019 5.0 Exploration 7.4 Options exercised (A
Slide 19: Transitioning from Discovery to Mining
Transitioning from Discovery to Mining • Targeting >1Moz in Resource - genuine scale • Definition of Mining Reserves - target >3 years of mill feed • 100% owned mill - targeting full production March 2022 quarter • Prospective ground - substantial discovery potential • Aggressive drilling - strong n
Slide 20: Connect With Us
Connect With Us 6 / 16 Nicholson Road, Subiaco WA 6008 PO Box 572, Floreat WA 6014 P | +61 (0) 458 007 713 E | admin@blackcatsyndicate.com.au Twitter / Facebook | @blackcatsyn8 ABN | 63 620 896 282 www.blackcatsyndicate.com.au September 2020 ASX | BC8 20
Slide 21: Appendix 1 - Resource Reserve Activities
Appendix 1 - Resource Reserve Activities Project Area Drilling and Mining Study Expected Myhree Open Pit Approved for startup Ready Myhree Underground Geotechnical drilling and mining study underway Sep 2020 Majestic Underground Diamond and RC drilling, UG Resource and mining study Mar 2021 Boundary
Slide 22: Appendix 2 - Strategic Acquisitions Key Terms
Appendix 2 - Strategic Acquisitions Key Terms Key Terms Fingals / Rowe’s Find Yarri East Black Hills South Three Total Deposit / Option Fee $50,000 $0 $15,000 $10,000 $75,000 Cash on Option Election $- $200,000 $10,000 $20,000 $230,000 Total Cash Consideration $50,000 $200,000 $25,000 $30,000 $305,0
Slide 23: Appendix 3 - JORC 2012 Resource Table
Appendix 3 - JORC 2012 Resource Table Measured Mineral Indicated Mineral Inferred Mineral Total Mineral Resource Resource Resource Resource Notes on Resource table for Bulong, Fingals and Rowe’s Find: Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal (‘000s) (g/t Au) (000s
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