Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Shareholder Meeting (November 2021)
22 slides from Capricorn Metals's shareholder meeting presentation, Nov 24, 2021
Slide 1: Capricorn Metals 2021 AGM
CAPRICORN METALS 2021 AGM 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: Agenda
Capricorn Metals - 2021 AGM Agenda 1. Review progress over last 2 years 2. Update on Karlawinda Gold Project 3. Introduce Mt Gibson Gold Project 4. Outlook 5. Questions 6. Formal business capmetals.com.au 3
Slide 4: July 2019 – November 2021
July 2019 – November 2021 Markets July 2019 Nov 2021 Change Gold price US$1,390/oz US$1,795/oz ↑ 29% A$1,995/oz A$2,485/oz ↑ 25% ASX Gold 6,831 6,546 ↓4% ASX All Ords 6,731 7,742 ↑ 15% capmetals.com.au 4
Slide 5: July 2019 – November 2021
July 2019 – November 2021 Capricorn July 2019 Nov 2021 Change Gold Reserves (oz)1 890,000 1,201,000 ↑ 35% Gold Resources (oz)2 1,525,000 4,228,000 ↑ 177% Gold production (ozpa) Nil 110,000 – 125,000 Projects KGP KGP ops + MGGP CMM Share price $0.42 $2.86 ↑ 581% Market Cap $82 million $1.05 billion ↑
Slide 6: July 2019 – November 2021
July 2019 – November 2021 Financed development of Karlawinda Gold Project • $97m equity raised • $100m debt facility with Macquarie Bank Optimised project • Ore reserves increased to 1.2Moz & mine life to 12 years • Throughput capacity increased to 4.5 - 5mtpa (oxide/fresh blend) • LOM production ru
Slide 7: Karlawinda Gold Project
Karlawinda Gold Project CAPRICORN METALS LTD
Slide 8: Karlawinda Gold Project metrics
Karlawinda Gold Project metrics 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 production 110 – 125koz pa
Slide 9: Karlawinda Gold Project at Steady State
Karlawinda Gold Project at Steady State Sept 21Q Ore mined (‘000 BCM) 602 Waste mined (‘000 BCM) 1,511 Stripping ratio (w:o) 2.5 Ore mined (‘000 t) 1,200 Ore milled (‘000 t) 978 Head Grade (g/t) 0.84 Processing plant commissioning & optimisation complete 4.4Mtpa run rate > laterite throughput guidan
Slide 10: Great People Matter
Great People Matter capmetals.com.au 10
Slide 11: 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 12: 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 13: 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 14: Mt Gibson Gold Project
Mt Gibson Gold Project CAPRICORN METALS LTD
Slide 15: Mt Gibson Gold Project
Mt Gibson Gold Project Located 280km northeast of Perth in the Murchison region of WA. Historical (1986-99) gold production >868,000oz, 14 open pits avg depth 60m Shut down when gold price c A$450/oz. Project has been “off the grid” for 30 years. CMM Inferred MRE 79.7Mt @ 0.8g/t Au for 2,083
Slide 16: Mt Gibson Gold Project
Mt Gibson Gold Project Select M&A (project and corporate) in Australian gold industry 2019-2021 14 transactions In excess of $15 billion in transaction value Resources >56 million ounces / Reserves >27 million ounces $272 per resource ounce average $564 per reserve ounce average Capricorn
Slide 17: 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 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 Capricorn will expedite work to culminate in an Ore Reserve estimate and in due course a feasibility study. The immediate work streams, on tenure grant, include: Extensive infill and exte
Slide 19: Capricorn Metals Ltd 2021 Delivery & Growth
Capricorn Metals Ltd 2021 Delivery & Growth Karlawinda start-up on time and on budget Achieving KPI’s, steady state and strongly cash positive Acquisition of Mt Gibson Gold Project provides growth pipeline First step in strategy of becoming Australian focussed multi asset gold producer 2022
Slide 20: Mineral Resources
Mineral Resources April 2020 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 g/t gold grade and 1,000 ounces. E
Slide 21: 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 22: Capricorn Metals Ltd (ASX: CMM)
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
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