Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Resource Rising Stars Conference 2017
22 slides from Capricorn Metals's conference presentation, May 30, 2017
Slide 1: Preparing for Production at Karlawinda
PREPARING FOR PRODUCTION AT KARLAWINDA A rare opportunity in the Australian gold sector Heath Hellewell Executive Chairman Resource Rising Stars 2017 Conference Definitive Feasibility Study by Sept Quarter 2017 ● Fully-funded to decision to mine ● Significant upside on road to production
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement CAUTIONARY STATEMENT – FORWARD LOOKING STATEMENTS This announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events a
Slide 3: A Rare Opportunity in the Australian Gold Sector
A Rare Opportunity in the Australian Gold Sector A simple, straight-forward development and growth opportunity ► 100% owned Karlawinda Gold Project in the Pilbara region of WA ► located in first class jurisdiction with existing infrastructure ► Large scale unmined +1Moz gold Resource (Indicated) at
Slide 4: A Rare Opportunity in the Australian Gold Sector
A Rare Opportunity in the Australian Gold Sector A simple, straightforward development and growth opportunity ► Clear development pathway to cashflow ► Reserves June Quarter 2017, DFS September Quarter 2017 ► Subject to DFS ► Financing late 2017 / early 2018 ► Construction approx.12 months ► Experie
Slide 5: Corporate Overview
Corporate Overview A well-funded Australian gold company Corporate Information ASX Code CMM Shares on Issue 572.4m Share Price as at 25th May 2017 9.5c Market Cap 25th May 2017 ~$55m Cash as at 31st March 2017 $5.2m (+$3.6m) Unlisted options 47m Shareholding Distribution (as at 25th May 2017) CMM Sh
Slide 6: Board and Management: Team to Deliver
Board and Management: Team to Deliver A strong team with extensive experience in developing and operating mid-tier mining projects Executive Management Team Heath Hellewell – Executive Chairman • Geologist with +23 years experience in gold, base metals & diamonds • Co-founding Executive Director of
Slide 7: Karlawinda: First Class WA Location
Karlawinda: First Class WA Location Low risk pathway to development ► 100% ownership (1353km2) ► Low-risk jurisdiction ► 70km from Newman by road ► Native Title Agreement in place ► Granted Mining Lease ► Environmental framework understood ► World-class infrastructure and support services ► Road net
Slide 8: Capricorn Orogen – Regional Geology
Capricorn Orogen – Regional Geology Karlawinda - A new gold discovery in a premier mining district Page: 8
Slide 9: Bibra Gold Deposit – A Rare Opportunity in WA Gold
Bibra Gold Deposit – A Rare Opportunity in WA Gold Simple, predictable shear-hosted mineralised system ► Large, Archaean mineralised system ► 1.1km strike length ► Drilled 800m down-dip and remains open ► Broad shear zones up to 50m wide – strong high grade component ► Large laterite deposit near su
Slide 10: Bibra Gold Deposit – A Rare Opportunity in WA Gold
Bibra Gold Deposit – A Rare Opportunity in WA Gold Simple, predictable shear-hosted mineralised system Page: 10
Slide 11: Bibra Gold Deposit – A Rare Opportunity in WA Gold
Bibra Gold Deposit – A Rare Opportunity in WA Gold Simple, predictable shear-hosted mineralised system www.capmetals.com.au Page: 11
Slide 12: Bibra Gold Deposit – Resource Upgrade
Bibra Gold Deposit – Resource Upgrade Resource upgrade April 2017 BIBRA GOLD DEPOSIT JORC OPEN PIT RESOURCE ESTIMATE (as of April 2017) INDICATED INFERRED TOTAL DATE Ounces Ounces Ounces Tonnes (mt) Grade (g/t Au) Tonnes (mt) Grade (g/t Au) Tonnes (mt) Grade (g/t Au) (Moz) (Moz) (Moz) April 2017 28.
Slide 13: Bibra Gold Deposit – Resource Upgrade
Bibra Gold Deposit – Resource Upgrade Resource upgrade April 2017 ► TOTAL RESOURCE: 31 million tonnes @ 1.1g/t Au for 1.1Moz ► Drill spacing 25 x 25m and 25 x 50m ► 889 Reverse Circulation drill holes: 119,857m ► 84 Diamond drill holes: 12,211m (~10%) including ► 41 metallurgical diamond holes: 4,17
Slide 14: Bibra Gold Deposit – Strong Open Pit Gold Endowment
Bibra Gold Deposit – Strong Open Pit Gold Endowment Early cashflow, comfortable mining rates April 2017 - Indicated & Inferred Resource June 2016 - Inferred Resource ► Laterite Domain ► Laterite Domain ► 1.54 million tonnes @ 1.4g/t for 68,000oz ► 2.1 million tonnes @ 1.3g/t for 85,000oz ► Oxide & T
Slide 15: Straightforward Mining and Processing
Straightforward Mining and Processing July 2016 Scoping Study - Mining ► Significant production profile from single LOM open pit ► Large-scale, 2 staged open pit (gold price A$900/oz and A$1475/oz) ► Early robust cash flows ► Attractive stripping ratios, LOM strip ratio 5.4:1 o ► Favourable geotechn
Slide 16: Straightforward Mining and Processing
Straightforward Mining and Processing July 2016 Scoping Study - Processing ► Simple “free milling” metallurgy: ► Conventional CIL/CIP processing ► Preliminary results: 91-93% recoveries ► 30% gravity recoverable in fresh ► Relatively coarse grind size (106 -125 micron) ► Long leach times: 33 hours r
Slide 17: Counting Down to Karlawinda
Counting Down to Karlawinda Rapid progress from project acquisition to the cusp of development MAJOR PROJECT BENCHMARKS – ACHIEVED February 2016 Project acquired and initial funding secured Resource expanded to 914,000oz Inferred following initial 10,000m of June 2016 drilling July 2016 Positive Sco
Slide 18: Resource Expansion Opportunities
Resource Expansion Opportunities Significant potential for additional resources Page: 18
Slide 19: Major Resource Expansion Opportunity
Major Resource Expansion Opportunity How big is the gold system? PORTRUSH TREND EASKEY TREND KBRC366: 11m @ 1.00g/t Au KBRC019: 12m @ 1.5g/t Au KBRC367: 7m @ 1.40g/t Au KBRC570: 8m @ 2.6g/t Au KBAC377: 8m @ 1.15g/t Au KBRC150: 7m @ 1.3g/t Au KBRC150: 17m @ 1.00g/t Au KBAC389: 10m @ 1.5g/t Au KBRC071
Slide 20: New Discoveries
New Discoveries Unlocking the potential of a new gold camp ► First-mover opportunity in emerging Archaean greenstone province ► Analogous with Plutonic Dome (10.6Moz) ► Camp-scale multi million ounce potential ► Limited early stage exploration outside the immediate Bibra deposit ► Systematic collect
Slide 21: Capricorn Metals – Key Investment Takeaways
Capricorn Metals – Key Investment Takeaways A rare opportunity in the Australian gold sector ► Simple, well-understood WA gold project ► Disciplined, high-quality work - major de-risking of project ► Substantial stand alone, open pit production profile ► Clear development path and timing ► DFS: Sept
Slide 22: Contact Details
CONTACT DETAILS: HEATH HELLEWELL– Executive Chairman ► Perth Office Level 1, 28 Ord Street West Perth, WA enquiries@capmet.com.au Page: 22
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