Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Shareholder Meeting (November 2020)
22 slides from Black Cat Syndicate's shareholder meeting presentation, Nov 2, 2020
Slide 1: Annual General Meeting Chair Address and Presentation
Annual General 2 November 2020 Meeting Chair Address and Presentation ASX Announcement 25 November 2020 Chair Address I believe Black Cat offers the following opportunity to investors: − we have maintained a tight capital structure and are well funded; − we generate strong news flow with numerous ac
Slide 2: Chair Address: Studies, Location and Team
Annual General Meeting Chair Address and Presentation We are undertaking studies with a view to a decision to develop mines and to construct a processing facility in 2021. We prepared Scoping Studies for Myhree, Imperial/Majestic, Boundary and Fingals Fortune. The team has prepared these Studies to
Slide 3: Transitioning to Mining
TRANSITIONING TO MINING AGM Presentation - November 2020 ASX│BC8
Slide 4: Disclaimer and Disclosure
Disclaimer and Disclosure Disclaimer This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. Although Black Cat Syndicate
Slide 5: Summary
Summary • One of the largest landholders within 50km of Kalgoorlie (756km2) o Significant growth potential • Targeting Resources >1Moz o High grade with near term mining potential • Targeting definition of >3 years Ore Reserves o To support the commencement of development • Centralised milling solut
Slide 6: The Company
The Company Simple Structure, Strong Support, Experienced Team Corporate Information Board of Directors Share Price (24 November 2020) A$0.67 Paul Chapman Previous roles include founding Chairman of Silver Lake Non-Executive Chairman Resources, directorships with Reliance Mining, Rex Minerals
Slide 7: Kal East Gold Project: Premier Location
Kal East Gold Project Premier Location • Historical mining: o >600,000oz produced • Excellent infrastructure: o All weather roads o Local service providers o Local workforce • Most processing facilities located to the west of Kalgoorlie November 2020 ASX│BC8 5
Slide 8: Kal East Gold Project: Enviable Ground Position
Kal East Gold Project Enviable Ground Position • Proven gold region: o 756km2 prospective holding o 76% of leases granted o 26% granted mining leases • One of the largest landholders within 50km radius of Kalgoorlie, others include: o Northern Star, o Zijin Mining, o Evolution Mining, and o Horiz
Slide 9: High Grade Resources
High grade Resources Line of Sight to 1Moz Resources • 11.8Mt @ 2.3g/t Au for 884,000 oz Resources Cut-off Tonnes Grade Contained Oz o Discovery cost ~$23/oz o Acquisition cost ~$6.50/oz g/t Au ‘000 g/t Au ‘000 Myhree Mining Centre+ 0.7 & 2 2,880 2.8 259 • 60,000m drill program targeti
Slide 10: Imperial and Majestic
Imperial and Majestic Open Resources - Ready for Growth • Near-term mining opportunity: o 113,000oz mined (2016-2018) o 260,000oz Resource (2020) o Resource remains open o Requires UG focus • Historic intercepts below pits include1: o 5m @ 28.03 g/t Au from 104m o 7m @ 11.69 g/t Au from 152m • New
Slide 11: Imperial and Majestic - Regional
Imperial and Majestic - Regional Jones Find - Strong and Shallow • Numerous nearby opportunities: o Jones Find - similar geology to Majestic, drilling includes1: ‐ 13m @ 4.98 g/t Au from 30m ‐ 13m @ 2.38 g/t Au from 26m o Crown - last drilled in the 1990’s, results include2: ‐ 3m @ 9.99 g/t Au from
Slide 12: Fingals Fortune
Fingals Fortune Under Explored for 30 Years – Now Drilling • Large/growing shallow system: o 36,500oz mined (1992) o 135,000oz Resource (2020) o Opportunity to grow Resource and create Reserve • Historic unmined intercepts include1: o 3m @ 13.52 g/t Au from 43m o 3m @ 12.88 g/t Au from 73m • Recent
Slide 13: Fingals Fortune - Regional
Fingals Fortune - Regional Satellite Deposits with No Modern Exploration • Additional shallow oxide potential: o 20,000oz mined (1992) o 80% holes <50m depth (av. 38m) o Opportunity to develop Resource and Reserve • Historic unmined intercepts include1: o 6m @ 3.67 g/t Au from 33m o 3m @ 5.98 g/t A
Slide 14: Trojan
Trojan What Hides Within… • Big system o Historic gold producer (2004) ‐ 2.0Mt @ 1.97g/t Au for 125koz o Remaining Resource ‐ 2.1Mt @ 1.70g/t Au for 115koz o Similar geology to Majestic, open on strike and at depth ‐ 25m @ 5.69 g/t Au from 46m ‐ 17m @ 2.70 g/t Au from 125m • Several large shears o
Slide 15: Rowe's Find
Rowe’s Find Exciting Potential on New Frontier • Underexplored greenstone belt • Current Resource: o 148kt @ 3.5 g/t Au for 17koz • Intercepts within Resource include1: o 6m @ 34.00 g/t Au from 6m o 10m @ 10.02 g/t Au from 39m o 2m @ 27.59 g/t Au from 62m • Intercepts not in Resource: o 6m @ 45.67 g
Slide 16: Significant Regional Potential - 756km2
Significant Regional Potential - 756km2 Lack of Modern Exploration Yarrie East Refer ASX releases: 24 September 2019 and 29 May, 10 & 24 July, 7 & 30 October and 12 November 2020 Greenfields targets on regional structures Hampton –Victory Corridor Numerous targets along prospective corridor Anomaly
Slide 17: Myhree Mining Centre
Myhree Mining Centre Ready to Mine Pit optimisations displayed– not mined OPEN OPEN • Shallow high-grade Resources - open at depth • 2.9Mt @ 2.8 g/t Au for 259,000oz • Mine study assessing a two stage pit followed by an underground • Myhree as baseload, satellite mines at Boundary and Trump OPEN • A
Slide 18: Milling Strategy
Milling Strategy Planning for the Future • Insufficient milling infrastructure east of Kalgoorlie • Bulk of Resource within 25km radius of Imperial o Centralised mill location - hub and spoke model • Mill planning underway o Como Engineering detailed design o Targeting low capital start up o Utilise
Slide 19: Transformation: Timeline for Development and Production
Transformation Timeline for Development and Production • 2020: Milestone 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 o Complete mill designs Mining Studies - Ongoing Mill - Long Lead Time Items o Grow Resources / define Ore Reserves Mill - Design & Engineering o Acquire lon
Slide 20: Summary
Summary • One of the largest landholders within 50km of Kalgoorlie (756km2) o Significant growth potential • Targeting Resources >1Moz o High grade with near term mining potential • Targeting definition of >3 years Ore Reserves o To support the commencement of development • Centralised milling solut
Slide 21: Connect with us
Connect with us 6 / 16 Nicholson Road, Subiaco WA 6008 PO Box 572, Floreat WA 6014 +61 (0) 458 007 713 | admin@blackcatsyndicate.com.au Twitter / Facebook | @blackcatsyn8 ABN 63 620 896 282 www.blackcatsyndicate.com.au
Slide 22: Appendix 1 - JORC 2012 Resource Table
Appendix 1 - JORC 2012 Resource Table Measured Resource Indicated Resource Inferred Resource Total Resource Notes on Resource table for Bulong, Fingals and Rowe’s Find: Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal Deposit (‘000s) (g/t Au) (000s oz) (‘000s) (g/t Au) (‘0
Black Cat Syndicate — Shareholder Meeting (November 2020) on 6ix