Carbine Resources Limited · ASX:CRB
Carbine Resources — Corporate Update (December 2016)
24 slides from Carbine Resources's corporate update, Dec 14, 2016
Slide 1: Mount Morgan Community Meeting
For personal use only Mount Morgan Gold – Copper Project Mount Morgan Community Meeting 14th December 2016
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer For personal use only Summary information and not an offer - The purpose of this presentation is to provide information about Carbine Resources Limited (“Carbine or the “Company”). It is not recommended that any person makes any investment decision in relation to
Slide 3: Work completed in 2016
Work completed in 2016 For personal use only • Appointment of new “mine building” Experienced Board and Management Team (ASX: 13 April) • Resource Definition drilling program of 3,082 metres completed (June) • $7 million raised to complete the Feasibility Study and progress financing and final appro
Slide 4: Carbine Resources Limited Capital Structure
Carbine Resources Limited (ASX:CRB) For personal use only Capital Structure • ASX Listed Company ASX Code CRB • Website: www.carbineresources.com.au Shares on issue 193 Million Share Price 13 cents1 Unlisted Options 26.7 Million • Mount Morgan Project ($0.05 - $0.10) Market Cap $25.09M • Site curren
Slide 5: Feasibility Study - 9.5 Year Base Case
Feasibility Study - 9.5 Year Base Case • Feasibility Study completed delivering 9.5 year Base Case1 (Ore Reserve) establishing For personal use only foundation for long life project with a short payback and low operating cost2 • Maiden Ore Reserve of 9.9Mt @ 1.8 g/t AuEq3 (1.2g/t Au, 0.16% Cu, 21% P
Slide 6: Ore Reserve
Ore Reserve No 2 Mill 2.8Mt @ 1.7g/t AuEq, 1.1g/t Au, 0.11% Cu, 24% Py For personal use only Mount Morgan Open Pit Mundic Gully 1.5Mt @ 2.6g/t AuEq, 2.0g/t Au, 0.17% Cu, 19% Py Red Oxide Sandstone Gully 0.7Mt @ 2.5g/t AuEq, 2.11g/t Au, 0.3% Cu Shepherds Gully 4.8Mt @ 1.5g/t AuEq, 0.84g/t Au, 0.17% C
Slide 7: 20 Year Expanded Case
20 Year Expanded Case For personal use only • 20 year project is an extension to Ore Reserve (“Base Case”) • Expanded Case material processed is 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 expansion (same throug
Slide 8: Processing and Metallurgy
Processing and Metallurgy For personal use only • 3 stream processing facility producing copper sulphate, unroasted iron pyrite and gold – Copper resin leaching (RIP) – Pyrite concentrate flotation – Gold carbon leaching (CIL) – Cyanide detox and recovery • Water treatment plant utilisation and cont
Slide 9: New Processing Facility
New Processing For personal use only Facility
Slide 10: Photo courtesy of DNRM
For personal use only 10 Photo courtesy of DNRM
Slide 11: Photo courtesy of DNRM
For personal use only 11 Photo courtesy of DNRM
Slide 12: Photo courtesy of DNRM
For personal use only 12 Photo courtesy of DNRM
Slide 13: Pyrite Concentrate Markets
Pyrite Concentrate Pyrite Markets China 1,000,000 For personal use only 900,000 • An average 200kt of pyrite will be hauled by road from Mount 800,000 Morgan to Gladstone each year for export overseas. 700,000 600,000 • 3 specific markets for Pyrite Concentrate indentified, tns 500,000 • Sulphuric A
Slide 14: Project Approvals
Project Approvals 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. The Environmental Authority Amendment application is required due to variat
Slide 15: Community Impact
Community Impact • For personal use only A community relations consultation committee will be established with representation from the local community and the Rockhampton Regional Council when project commences. • Project development will employ an estimated 110 people during construction with an on
Slide 16: Environmental
Environmental Environmental conditions are set in the Environmental Authority and are regulated under the For personal use only EPA , MRA and Heritage Acts • The removal of 5 million tonnes of AMD generating pyrite from the mine site (over a 20 year period) will make a significant contribution to im
Slide 17: Heritage
Heritage For personal use only • The town view of the mine will retain key features including significant buildings and the iconic stacks. • Utilisation of some existing buildings. • Some unsafe deteriorated heritage buildings will be dismantled or made safe in accordance with heritage council direc
Slide 18: Next Steps and Timeline
Next Steps and Timeline For personal use only • Project Finance - formal process with potential financiers commenced • Regulatory and Project Approvals • Pyrite concentrate production/market offtake agreement negotiation Estimated Project timeline • Preliminary project engineering to commence in par
Slide 19: Thank You
Thank You For personal use only For further information: Investors Tony James – Carbine Resources +61 8 6142 0986 Community Liaison Russell Dann – Carbine Resources +61 431 963 017 Media Paul Armstrong – Read Corporate +61 8 9388 1474 19
Slide 20: Appendix A – Metal Equivalents
Appendix A – Metal Equivalents For personal use only Both AuEq (g/t) and PyriteEq (wt%) have been used in this announcement. AuEq was calculated for each ore source based on the different metallurgical recoveries associated with those ore sources. A combined Total AuEq was also determined for repres
Slide 21: Appendix B – Competent Person Statement
Appendix B – Competent Person Statement For personal use only The information in this report that relates to Exploration Targets, Exploration Results and the Inferred Mineral Resources for Mount Morgan In-Pit and Sandstone Gully is based on, and fairly represents, information and supporting document
Slide 22: Appendix C – Mineral Resources
Appendix C – Mineral Resources For personal use only JORC 2012 Mineral Resource Table reported at a 0.00g/t cut-off (refer ASX announcement dated 30 August 2016). Rounding Errors can occur. Area Type Category Tonnage Gold Gold Copper Copper Silver Silver Sulphur Pyrite Equiv. (Mt) (g/t) (Koz) (%) Me
Slide 23: Appendix D – Exploration Target
Appendix D – Exploration Target For personal use only Exploration Target Table (ASX:30 August 2016). 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 uncertain if further exploration wi
Slide 24: Appendix E – Ore Reserve
Appendix E – Ore Reserve For personal use only Mineral Reserve Table (ASX: 8 December 2016). 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 located at the back of that announce