Carbine Resources Limited · ASX:CRB
Carbine Resources — Investor Presentation (February 2015)
20 slides from Carbine Resources's investor presentation, Feb 4, 2015
Slide 1: Mount Morgan Gold & Copper Project
For personal use only Mount Morgan Gold & Copper Project Developing a low-cost long-life tailings operation Investor Update February 2015
Slide 2: Disclaimer
Disclaimer Mineral Resources For personal use only The Indicated and Inferred Resources referred to above were presented by Norton Gold Fields Limited at the Mining 2009 Resource Convention (Brisbane). The presentation was released to the ASX on 28 October 2009 and is available for viewing on the No
Slide 3: Mount Morgan Value Proposition
Mount Morgan Value Proposition For personal use only Significant Up to +1Moz Au & 80,000t Cu tailings resources Resource Base Additional in-situ resource potential Robust Project Scoping Study outlines highly profitable operation Economics Projected All-In Sustaining Costs US$393/oz Long Mine Life M
Slide 4: Carbine Resources Snapshot
Carbine Resources Snapshot For personal use only Capital Structure Board & Management Shares 140 million (ASX: CRB) Patrick Walta Executive Director Unlisted Options 28 million ($0.05 - $0.20) Evan Cranston Non-Exec Director Market Capitalisation $4.9M (@ $0.035/share) Tom Bahen Non-Exec Director Ca
Slide 5: Mount Morgan Mine Overview
Mount Morgan Mine Overview For personal use only Location & Historical Activity Au/Cu/Ag deposit on QLD coast Close proximity to cities, ports & rail Deposit mined for ~100 years Production 8.4Moz Au, 400kt Cu, 1.2Moz Ag Large defined tailings resource remains Environmental legacy owned by QLD gov D
Slide 6: Building on Past Success…
Building on Past Success… For personal use only Mount Morgan Historical Tailings Operations (1981-1991) 1980: Shutdown of primary ore mining operations 1981 – 1991: 28Mt tailings processed via 3Mtpa Carbon-in-Leach (CIL) plant Average gold price during operations: US$392/oz Excess cyanide consumptio
Slide 7: Carbine's Process Solution
Carbine’s Process Solution For personal use only Reverse Leach Ion Exchange (IX) with CIL Selective removal of copper prior to gold CIL extraction Upfront copper extraction provides: Decreased cyanide consumption during gold extraction Additional revenue stream Increased gold recovery (no competitio
Slide 8: 1Moz+ Au Remaining in Tailings
1Moz+ Au Remaining in Tailings For personal use only JORC RESOURCES Tonnes (000s) Au (g/t) Cu (%) Au (oz) Cu (t) Indicated 2,487 1.59 0.16% 127,000 3,900 Inferred 5,861 1.07 0.14% 202,000 8,400 TOTAL JORC 8,348 1.23 0.15% 329,000 12,300 EXPLORATION TARGETS* Tonnes (000s) Au (g/t) Cu (%) Au (oz) Cu (
Slide 9: Testwork Results
Testwork Results For personal use only Phase 1 & 2 Metallurgical Testwork 80% reduction in cyanide consumption via upfront copper removal Phase 1 Testing Leach Mechanism Cyanide Consumption (kg/t) As Received Cyanide CIL 5.54 75um Grind Cyanide CIL 5.25 75um Grind Acid IX & Cyanide CIL 1.00 91% reco
Slide 10: Scoping Study Results
Scoping Study Results For personal use only Parameters Parameter Value Notes Mine Life 8 years JORC resources only Annual Throughput 1,000,000 t/yr Based on available JORC resources Production Gold 36,000 oz/yr High grade resources targeted Copper 850 tpa during initial years of operations Pyrite 23
Slide 11: Simple Mining Operations
Simple Mining Operations For personal use only Tailings & Mullock Easily identified & extensively drilled Confined by natural gullies & retaining walls Deposition history from historical operations Mining Operations Planned dry mining Truck & loader operation Potential for hydraulic mining
Slide 12: Production of Three Products
Production of Three Products Multiple by-products = For personal use only Low All-in Sustaining Costs Historical Tailings Norton Feasibility Carbine Scoping Metal Extraction Reprocessing Study Study (1981 – 1991) (2010) (2014) Gold 50 - 55% 65% 78% Pyrite - 86% 91% Copper - - 56%
Slide 13: Pyrite Offtake Agreement
Pyrite Offtake Agreement For personal use only Landmark Principal Offtake Agreement for Pyrite & Met Slag Principal agreement for mine gate sales (non-exclusive) Talana Limited: Large global distributor of industrial minerals Talana to pre-market pyrite products to existing trade connections in Asia
Slide 14: Achieving Project Milestones
Achieving Project Milestones For personal use only 2014 2015 2016+ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Project DD & Acquisition Phase 1 Testwork Phase 2 Testwork Scoping Study Drilling Program Phase 3 Testwork Preliminary Feasibility Study Bankable Feasibility Study Detailed Plant Design Construction & Operatio
Slide 15: Additional Assets
Additional Assets For personal use only Kundana CIP Plant 1Mtpa gold CIP plant Originally intended for use at Mount Morgan Plant refurbishment ($3.5M spent by NGF) Plant remains packed at Paddington Mine, WA Potential for: - full or partial reuse at Mount Morgan - domestic or international sale Kund
Slide 16: Kundana CIP (Pre-Refurb.)
Kundana CIP (Pre-Refurb.) For personal use only Assessing suitability for full or partial utilisation of the Crushing Kundana CIP Circuit Plant at Mount Morgan Ball Mill & Leaching Gravity Circuit Circuit Gold Room Tailings Disposal Plant Reagents Plant
Slide 17: Why Invest in Carbine?
Why Invest in Carbine? For personal use only Cash flow strategy targeting near term production Large resource of up to +1Moz gold with significant copper & pyrite credits Predicted robust project economics with by-product sales Engagement of key offtake partners Engagement of key technical partners
Slide 18: Appendices: Board & Mgmt Bios
Appendices: Board & Mgmt Bios For personal use only Metallurgist & mineral economist, commercial & tech. mining experience Patrick Walta MD of Raging Bull Mining & Former CEO of Cradle Resources Limited Executive Director Experience in mineral resource dev, M&A, project management Extractive metallu
Slide 19: Appendices: Mount Morgan Tails
Appendices: Mount Morgan Tails For personal use only
Slide 20: Carbine Resources Limited
For personal use only Carbine Resources Limited Suite 23, 513 Hay Street Australia Office Subiaco, WA, 6008 Suite 23, 513 Hay Street Subiaco WA 6008 Contact Ph: +61 8 6142 0980 Patrick Walta Executive Burkina Director Faso Office RuePh: +61 8 30.248 6142 Porte 790986 Secteur 30 Sin-Yiri 09 www.carbi
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