Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Investor Presentation (May 2018)
23 slides from Black Cat Syndicate's investor presentation, May 2018
Slide 1: Investor Presentation
INVESTOR PRESENTATION Gareth Solly - Managing Director
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: Corporate Summary
Corporate Summary Black Cat Syndicate (ASX: BC8) Share Price (25 May 2018) $ 0.30 Shares on Issue 57.3 M Options 17.5 M Market Capitalisation $17.2 M Cash (31 March 2018) $ 4.5 M Enterprise Value $12.7 M Top 10 Shareholders 31.5 % Board of Directors and Key Management Paul Chapman Non Executive Chai
Slide 4: Project Overview
Project Overview • Significant high grade mining camp - production of ~152koz @ >1oz/t – numerous historic mines are drill ready with open cut and underground targets • Excellent infrastructure - low barriers to exploration and mining – 25km east of Kalgoorlie by sealed road – mains power through pr
Slide 5: Project Location
Project Location Mains Power (L) and Bulong Road (R) Bulong Road and Queen Margaret entrance ASX:BC8 5
Slide 6: History: Complex, Unconsolidated Ownership
History: Complex, Unconsolidated Ownership • History of complex, unconsolidated ownership – restricted scale of production – restricted exploration, eg Trump only drilled to tenement boundary • Exploration by a number of public companies focussed on shallow, open cut targets – last meaningful work c
Slide 7: Previous Exploration = Significant Opportunities
Previous Exploration = Significant Opportunities • Small proportion of drilling below 100m vertical • Large amount of RAB drilling consistently shown to be ineffective • No previous integration of geophysical, geochemical, structural and drilling datasets into comprehensive geological model ASX:BC8
Slide 8: Previous Exploration = Significant Opportunities
Previous Exploration = Significant Opportunities Queen Margaret Boundary Strathfield Hole ID From Intersection Gram Metres Hole ID From Intersection Gram Metres Hole ID From Intersection Gram Metres BAC70 48 2m @ 34.84 g/t 70 92BRC33 51 7m @ 12.80 g/t 90 SBRC38 48 1m @ 245.00 g/t 245 93BRC6 48 7m @
Slide 9: High Grade Historic Production of 152koz @ >1oz
High Grade Historic Production of 152koz @ >1oz Ore Grade Production Production Source Tonnes g/t Ounces Bulong Surprise 219 100.5 708 Melbourne United 252 39.2 318 Newstead 20 858.9 552 Queen Margaret 63,876 32.6 65,925 Queen Margaret (pre 1897 estimate) 29,159 32 30,000 Queen Margaret Central 514
Slide 10: 2018 Drilling Plan
2018 Drilling Plan • ~29km of drilling designed to – confirm geological models – validate, infill and extend historic drilling intercepts – drill deeper to confirm potential at depth • Phase 1 Areas with historic mining (negligible cover) – Queen Margaret open pit potential – White Horse offset – St
Slide 11: 2018 Drilling Plan - Strong News Flow
2018 Drilling Plan - Strong News Flow Phase 1 Mar Qtr 2018 Jun Qtr 2018 Sep Qtr 2018 Dec Qtr 2018 RC Drilling (Queen Margaret open pit potential) RC Drilling (White Horse offset) RC Drilling (Slug Hill) RC Drilling (Strathfield) RC Drilling (Vulcan Area) RC Drilling (Queen Margaret S
Slide 12: Confirming the Potential of Bulong
Confirming the Potential of Bulong • First systematic drilling conducted at Bulong in ~20 years • 2018 Drilling Plan is 30% complete and remains on time and on budget • Queen Margaret stratigraphy has been tested over 3km of the total 5km strike • Historic intercepts in the Queen Margaret Corridor h
Slide 13: Queen Margaret - Near Term Production Potential
Queen Margaret - Near Term Production Potential • Historic production ‒ 96koz >1 oz/t, average ore width 4ft ‒ mining was primarily from the hangingwall contact Area of open • Open cut potential cut potential ‒ confirmatory drilling to 70m to establish potential resource and pit economics • Undergro
Slide 14: Queen Margaret - Phase 1 Drilling
Queen Margaret - Phase 1 Drilling • Mineralised intersections occur on both porphyry contacts and on shallow dipping internal shears • Historic mining was focussed on the hangingwall contact of the porphyry while the footwall contact and the internal veins were largely unmined as historic stoping gr
Slide 15: Queen Margaret - Phase 1 Drilling
Queen Margaret - Phase 1 Drilling • Designed to assess the potential for a shallow open pit resource and provide critical geological information • 58 holes completed at an average depth of ~60m for 3,801m – conceptual geology model confirmed – previous mineralisation validated – 91 individual inters
Slide 16: Queen Margaret - Phase 2 Drilling (UG potential)
Queen Margaret - Phase 2 Drilling (UG potential) • Minimal drilling at depth • Lowest working levels stopped in ore according to historic reports • Interpretation of drilling results infers grade continuity plunges shallowly to the south • Drilling at depth below the Queen Margaret workings will be
Slide 17: Footwall Porphyry - Significant Potential
Footwall Porphyry - Significant Potential • Three types of veining have been confirmed – hangingwall lode (historically mined) – flat lying veins (inside porphyry) – footwall lode (only mined on 3 levels) • Historical stoping on the White Horse lode finished abruptly despite strike driving continuat
Slide 18: Phase 2 Drilling - Galore
Phase 2 Drilling - Galore • Greenfields target identified on a NS stratigraphic contact immediately south of a major NW trending fault • Broad spaced soil sampling historically completed show anomalous results • A significant nugget patch including quartz hosted gold has recently been worked within
Slide 19: Phase 2 Drilling - Anomaly 38
Phase 2 Drilling - Anomaly 38 Anomaly 38 • Previous drilling testing for NS oriented lode • Drilling will test an inferred NW orientation for high-grade continuity • Historic high-grade intersections including – 2m @ 41.66 g/t Au from 82m (BURC023)** Anomaly 38 – 2m @ 13.65 g/t Au from 14m (BURC031)
Slide 20: Phase 2 Drilling - Boundary
Phase 2 Drilling - Boundary • 1.5km north of the Strathfield/Trump • Similar stratigraphy to Queen Margaret corridor • Shale and porphyry wedged between two ultramafic units • Historic drilling of ~73 holes (on a 20m x 10m grid) yielded results including: – 7m @ 12.80 g/t Au from 51m (92BRC33)** – 1
Slide 21: Phase 2 Drilling - Trump
Phase 2 Drilling - Trump • Historic high-grade intersections including – 1m @ 8.94 g/t Au from 51m (94BRC65)** – 1m @ 12.60 g/t Au from 54m (94BRC65)** – 3m @ 14.17 g/t Au from 57m (94BRC65)** – 1m @ 15.20 g/t Au from 40m (94BRC68)** • Previous drilling was constrained by tenement boundary to the we
Slide 22: Bulong Gold Project - Key points
Bulong Gold Project - Key points • Significant high grade mining camp - production of ~152koz @ >1oz/t – numerous historic mines are drill ready with open cut and underground targets • Excellent infrastructure - low barriers to exploration and mining – 25km east of Kalgoorlie by sealed road – mains
Slide 23: Connect With Us
Connect With Us 6/16 Nicholson Road, Subiaco WA 6008 PO Box 572, Floreat WA 6014 Tel: +61 (0) 458 007 713 Email: admin@blackcatsyndicate.com.au ABN: 63 620 896 282 www.blackcatsyndicate.com.au Twitter: @blackcatsyn8 Facebook: @blackcatsyn8 ASX:BC8 23
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