Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Shareholder Meeting (November 2020)
23 slides from Capricorn Metals's shareholder meeting presentation, Nov 20, 2020
Slide 1: AGM Presentation November 2020
AGM PRESENTATION NOVEMBER 2020 1
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement GENERAL FORWARD LOOKING STATEMENTS The purpose of this presentation is to provide general information about Capricorn Metals Limited (“Capricorn” or the This announcement may contain certain “forward-looking statements” and comments about future events. Forwa
Slide 3: Chairman's Address
Chairman’s Address 3
Slide 4: Capricorn Metals 2020 AGM
Capricorn Metals 2020 AGM 1. 2020 a transformational year • Development of Karlawinda Gold Project has gone from dream to reality 2. Karlawinda a unique opportunity on the Australian gold landscape 3. A$ gold price continues to be strong and we have the project to capitalise on this • 1.2Moz reserve
Slide 5: CEO Presentation
CEO Presentation 5
Slide 6: 12 Months of Achievement
12 Months of Achievement • DFS update completed - project targeting annual production of 110-125kozpa • Construction commenced in December 2019 quarter and is expected to be on time and on budget with first gold expected in June 2020 quarter • Execution of $100m MBL financing facility in December 20
Slide 7: Karlawinda Gold Project
Karlawinda Gold Project Standout WA greenfields gold development project • Premier mining jurisdiction with access to key infrastructure • 2.1 Moz Total Mineral Resources1,2 • 1.2 Moz Open Pit Ore Reserve1,3 • Annual production target 110,000 - 125,000 ounces • AISC target A$1,140 – 1,190 per ounce
Slide 8: Development Update
Development Update • 306-room accommodation village operational since April 2020 • Completion of 44km site access road • Orders placed for all processing equipment with some major equipment already delivered. Ball mill expected to arrive in December 2020 • Key project contracts executed including ga
Slide 9: Development Update
Development Update • Significant progress on concrete and civil earthworks with ball mill and crushing circuit area completed • CIL tank erection complete and structural steel installation progressing • Gas lateral pipeline arrived onsite in November 2020, installation expected to commence shortly c
Slide 10: Development Update
Development Update • Mobilisation of mining equipment, pre-stripping commenced and first blast fired in October 2020. • Grade control drilling on Bibra laterite zone validating reserve model - 45,000 metres drill, circa 4Mt of production ~ 1 years production • TSF preparation completed with trenchin
Slide 11: Development Update (Video)
Development Update Video capmetals.com.au 11
Slide 12: Bibra Mineral Resource and Ore Reserve Growth
Bibra Mineral Resource and Ore Reserve Growth Ore reserves 1.2 million ounces Reserve and Resource Update April 2020 Ore Reserves increase by 35% to 1.2Moz • Mine life increased to over 10 years • Strip ratio reduces from 4.8 to 3.6 Resource increased by 41% to 2.1Moz Gold price used: • Reserve A$1,
Slide 13: Inherent Scope for Mine Life and Reserve Extension
Inherent Scope for Mine Life and Reserve Extension Orebody Geometry & Continuity – Resource to Reserve Conversion Geometry & Continuity Optionality Outlook • Shallow vertical depths (vd): • 937,000oz of MRE not yet in Reserve • Decision revolves around gold price and • Reserve 250m • primarily locat
Slide 14: Karlawinda (KGP) Exploration Opportunity
Karlawinda (KGP) Exploration Opportunity Gold in the Pilbara - Iron Ore Country?? Background to the Opportunity • Gold occurrences in WA most commonly associated with Archean (3.8-2.8Ga) age rocks • KGP occurs in the small (>100km wide) Sylvania Dome which is part of the much larger Pilbara Craton (
Slide 15: Unlocking the potential of a new gold camp at KGP
Unlocking the potential of a new gold camp at KGP Time to look up from working on the first mine (Bibra) What do we know about KGP? • CMM owns 2,042km2 of exploration & mining tenure at KGP (>100km E-W) • Tenure hosts significant greenstone belt endowed with economic gold mineralisation (Bibra > 2.1
Slide 16: Once a mill is turning the district potential becomes real
Once a mill is turning the district potential becomes real Exploration Strategy 1. Drill out resources • Extend and convert resources to mine plan • 2019 drill campaign underpinned April 2020 reserve upgrade • Hiatus for now, next drilling on resource will be once ops running 2. Near mine (<15km) dr
Slide 17: Near mine exploration potential
Near mine exploration potential 8 Targets within 15km of Processing Plant Site Near mine is where we have most data • 8 high-quality targets identified from existing geological, geophysical and geochemical datasets • Targets within 15km of processing plant • Geochemical anomalies with little to no h
Slide 18: Regional Opportunity – we haven't scratched the surface
Regional Opportunity – we haven’t scratched the surface Extensive regional tenement package with limited geological information • Large regional tenure holdings (>2,000km2) • Early exploration - geochemical soil sampling, aeromagnetics, geophysics & regolith mapping • Geochem soil sampling programme
Slide 19: Building a long life, high margin, WA focused gold company
Building a long life, high margin, WA focused gold company Karlawinda the platform to grow a substantial gold company Gold Companies/Assets2,3,4 (Bubble Size = Indicative Production p.a.)1 1,700 1,600 Gruyere (100%) Evolution Mining AISC Margin (based on A$2,600/oz) 1,500 Ramelius Duketon Saracen (e
Slide 20: A compelling opportunity in the Australian gold sector
Capricorn Metals Ltd (ASX: CMM) A compelling opportunity in the Australian gold sector • Management team – proven mine developers & wealth creators • Karlawinda Gold Project is a long life, high margin, low technical risk project • Development is fully funded and progressing to plan • Western Austra
Slide 21: Mineral Resource – Karlawinda Gold Project
Mineral Resource – Karlawinda Gold Project April 2020 Indicated Inferred Total Mineral Resources Gold Gold Gold Gold Gold Gold Tonnes Tonnes Tonnes Deposit Type Cut-Off Grade Metal Grade Metal Grade Metal (Mt) (Mt) (Mt) (g/t) (koz) (g/t) (koz) (g/t) (koz) Bibra Open Pit 0.3 < 51.5 0.8 1,374 10.8 0.7
Slide 22: Ore Reserve – Bibra Deposit
Ore Reserve – Bibra Deposit April 2020 Proved Probable Total Ore Reserve Gold Gold Gold Gold Gold Gold Tonnes Tonnes Tonnes Deposit Type Cut-Off Grade Metal Grade Metal Grade Metal (Mt) (Mt) (Mt) (g/t) (koz) (g/t) (koz) (g/t) (koz) Bibra Open Pit 0.3 < - - - 39.0 0.9 1,090 39.0 0.9 1,090 Southern Co
Slide 23: Capricorn Metals Ltd contact details
Capricorn Metals Ltd (ASX: CMM) Level 1, 28 Ord Street West Perth, WA enquiries@capmet.com.au +61 8 9212 4600 www.capmetals.com.au ABN: 84 121 700 105
Capricorn Metals — Shareholder Meeting (November 2020) on 6ix