Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Diggers & Dealers 2021
22 slides from Capricorn Metals's conference presentation, Aug 10, 2021
Slide 1: Australia's Newest Gold Producer - Diggers & Dealers
AUSTRALIA'S NEWEST GOLD PRODUCER DIGGERS & DEALERS KIM MASSEY 2021 capmetals.com.au 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: Capricorn Metals – A Purely Western Australian Gold Producer
Capricorn Metals – A Purely Western Australian Gold Producer Karlawinda – Australia’s newest gold mine First gold poured on time and on budget Ramp up to commercial production underway Long life, high margin project • 1.2 million ounce reserve and 2.1 million ounce resource1,2 • Expected LOM p
Slide 4: Corporate Summary - CMM
Corporate Summary - CMM Capital Structure* Directors and Management Shares on issue 368.3 million Mark Clark – Executive Chairman Kim Massey – CEO Performance rights 7.1 million Mark Okeby – Non Exec Dir Paul Thomas – COO Share price $2.18 Myles Ertzen – Non Exec Dir Stephen Evans – GM Karlawinda Ma
Slide 5: Karlawinda Gold Project metrics
Karlawinda Gold Project metrics Stage Ramp-up Mine type Open pit Plant type - 3 stage crushing - 7.5MW ball mill - CIL processing Throughput 4.0 – 5.0 Mtpa Reserve grade 0.9g/t1 Recovery 92% Strip ratio (w:o) 3.6 Mine life 10-12 years Ore reserves 1.20Moz1 Mineral resources 2.14Moz2 Expected product
Slide 6: Karlawinda Gold Project up and running
Karlawinda Gold Project up and running Ramp up of processing plant towards commercial production Commissioning of processing plant commenced in June 2021 quarter culminating in first gold pour of 386 ounces Gold production (including gold-in-circuit) for first week of operations of 2,360 ounces
Slide 7: Karlawinda Gold Project up and running - Mining Bibra Open-pit
Karlawinda Gold Project up and running Mining Bibra Open-pit Mining of Bibra open pit commenced in October 2020 MACA mobilised second mining fleet in June 2021, third fleet to be introduced by Dec 21 to mine stage 3 waste Currently mining laterite ore from Bibra Stage 1&2 to access oxide ore
Slide 8: Bibra Mineral Resource and Ore Reserve Growth
Bibra Mineral Resource and Ore Reserve Growth Ore Reserves 1.2 million ounces • Mine life over 10 years • Strip ratio 3.6 Mineral Resource 2.1 million ounces • Down dip extensions of Reserve • Excellent scope for mine life extension Gold price used: • Reserve A$1,600/oz • Resource A$2,000/oz Tonnes
Slide 9: 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 10: 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 11: 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) Limited drilling on regional tenement package - 97% of drilling within 50km2 (4km radius) area
Slide 12: Regional exploration potential
Regional exploration potential Increasing focus in the next 12 months on regional exploration programmes to find the next Bibra Mundawindi 19,000m A/C drilling targeting Bibra style deposit Bibra near mine 10,000m RC drilling targeting Bibra extensions and repeats Stornaway 7,500m A/C drilling targe
Slide 13: Mt Gibson Gold Project – A Unique Opportunity
Mt Gibson Gold Project – A Unique Opportunity Capricorn has acquired 100% of the Mt Gibson Gold Project Located 280km northeast of Perth in the Murchison region of WA. JORC 2012 compliant Inferred Mineral Resource Estimate 79.7Mt @ 0.8g/t Au for 2,083,0001 ounces of gold. Up front acquisitio
Slide 14: Mt Gibson Gold Project – 2.1 Million ounce resource
Mt Gibson Gold Project – 2.1 Million ounce resource July 2021 Capricorn MRE of 79.7mt @ 0.8g/t for 2.1Moz1 Gold Gold Classificati Tonnes Material Type Cut-Off Grade Metal on (Mt) (g/t) (koz) Oxide Open Pit 0.4 Inferred 9.7 0.8 243 Transitional Open Pit 0.4 Inferred 7.4 0.8 188 Fresh Open Pit 0.4 Inf
Slide 15: Mt Gibson Gold Project – 2.1Moz resource in context
Mt Gibson Gold Project – 2.1Moz resource in context Historical mining - several shallow laterite pits, 14 open pits (max depth 100m) mining oxide, transitional and primary ore zones & an UG mine Historical (1986-99) gold production >868,000oz, from open pits with a max depth 100m below surface (
Slide 16: Mt Gibson Gold Project – Cross sections and Intercepts
Mt Gibson Gold Project – Cross sections and Intercepts Significant drill intercepts inside the current resource shells include: Numerous high grade intercepts below the current resource shells including: • 16m @ 62.11g/t from 114m MGH4582 • 27m @ 15.24g/t from 57m AQR3 • 10m @ 53.76g/t from 12m MGH1
Slide 17: Mt Gibson Gold Project – Infrastructure
Mt Gibson Gold Project – Infrastructure Enviable Location 280km from Perth 10km from Great Northern Highway Infrastructure Included Airstrip and hangar 10km gravel access road – GNH Accommodation facilities - 60 room camp and 4 houses Buildings including office, workshop and sheds capmetals.com.au 1
Slide 18: Mt Gibson Gold Project – the platform to a multi mine business
Mt Gibson Gold Project – the platform to a multi mine business The MGGP is a potential development opportunity Capriorn will expedite work to culminate in an Ore Reserve estimate and in due course a feasibility study. The immediate work streams include: Extensive infill and extensional drilling of
Slide 19: A compelling opportunity in the Australian gold sector
Capricorn Metals Ltd (ASX: CMM) A compelling opportunity in the Australian gold sector Karlawinda start-upon time and on budget Ramping up to steady state guidance throughput and gold production Acquisition of Mt Gibson Gold Project provides growth pipeline Significant step in strategy of be
Slide 20: Mineral Resource – Capricorn Metals Ltd
Mineral Resource – Capricorn Metals Ltd April 2020 & July 2021 Notes: 1. Mineral Resources are calculated using a gold price of A$2000/ounce. 2. Mineral Resources are calculated using a cut-off grade between 0.3g/t and 0.4g/t Au. 3. The above data has been rounded to the nearest 100,000 tonnes, 0.1
Slide 21: Ore Reserve – Karlawinda Gold Project
Ore Reserve – Karlawinda Gold Project 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 S
Slide 22: 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