Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — RIU Explorers Conference (February 2019)
19 slides from Black Cat Syndicate's conference presentation, Feb 20, 2019
Slide 1: Robust Maiden Mineral Resource on Kalgoorlie's Doorstep
ROBUST MAIDEN MINERAL RESOURCE ON KALGOORLIE’S DOORSTEP BY GARETH SOLLY – MANAGING DIRECTOR 20 FEBRUARY 2019 ASX | BC8
Slide 2: 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 3: Maiden Resource: Strong Growth Potential
Maiden Resource Strong Growth Potential • January 2018 - $6M IPO • Consolidation of the underexplored Bulong Gold Field − 25km east of Kalgoorlie • Project with low barriers to mining • Extremely active – 10 months of “in-ground” activity • Maiden Mineral Resource Estimate (Resource) − 1.4mt @ 2.5 g
Slide 4: The Opportunity: Money in the Bank, Strong Team, Tight Structure
The Opportunity Money in the Bank, Strong Team, Tight Structure Corporate Information Board of Directors and Key Management ASX Code BC8 Paul Chapman Non Executive Chairman Share Price (18 February 2019) $0.185 Gareth Solly Managing Director Shares on Issue 57.3M Les Davis Non Executive Director Opt
Slide 5: Bulong Gold Project: Low Barriers to Mining
Bulong Gold Project Low Barriers to Mining • Proven gold region − 25km from Kalgoorlie • Excellent infrastructure − sealed road − mains power − regional mills − workforce • 100% control of 84km² • All Resource on mining leases • Under-explored ASX:BC8 5
Slide 6: The Opportunity: Highly Productive and Prospective Field
The Opportunity Highly Productive and Prospective Field • Pre-WW1 mining - ~152koz @ >1oz/t Au • Fractured ownership limited potential • Consolidated 100% by Black Cat • 74% of previous drilling was shallow, minimal below 100m • Focus and modern technology/techniques will deliver results Underground
Slide 7: The Progress: Delivering in 2018
The Progress BC8 – Delivering in 2018 2018 – Learning and Discovery • Reinterpretation • First 3D model • Drilling - to validate geology/intercepts 2018 – Measured and Methodical • $3.5M spent in ground and acquisition • 24,450m RC drilling • 3,015m of diamond drilling (EIS co-funded) • New geophysi
Slide 8: Robust Maiden Resource
Robust Maiden Resource 1.4mt @ 2.5 g/t Au for 109koz • All Resources remain open along strike and at depth • 88% of Resource is potentially open pit minable • 51% of the open pit Resource is contained within the new discovery at Myhree • All Resources are on granted Mining Leases - short haulage to
Slide 9: Maiden Resource: Robust and Real
Maiden Resource Robust and Real • Robust, credible, independent, maiden Resource - Mining Plus • Based on optimised A$1,800 pit shells with realistic input costs • 96,000 ounces at 1.0 g/t Au cut-off in open pit position • Underground Resources (at 2.0 g/t Au cut-off) - currently constrained by lack
Slide 10: Myhree Discovery in Only Seven Months
Maiden Resource Myhree Discovery in Only Seven Months • First pass drill testing of low level anomaly - June 2018 • 486kt @ 3.2 g/t Au for 50koz – infill drilling planned to convert to Indicated • Deepest intersection in main lode: 11m @ 4.03 g/t Au from 104m - OPEN • Stacked lodes parallel to Bound
Slide 11: Maiden Resource: Positioned for Growth
Maiden Resource Positioned for Growth • Maiden Resource - 1.4mt @ 2.50 g/t Au for 109koz = Interim Resource • All Resources remain open along strike and at depth • All corridors prospective for new deposits as well as extension • Resource updates scheduled for September 2019 Quarter and March 2020 Q
Slide 12: Maiden Resource: Three Main Corridors
Maiden Resource Three Main Corridors • Resources sit within structural- stratigraphic corridors (17km strike) • Queen Margaret Corridor (+6km long) ‒ 0.4mt @ 2.3 g/t Au for 27 koz ‒ mineralisation extends 1.1km • Myhree-Boundary Corridor (+6km long) ‒ 0.8mt @ 2.7g/t Au for 72koz ‒ combined mineralis
Slide 13: Maiden Resource: Strong Growth Potential
Maiden Resource Strong Growth Potential • Resources sit within structural- stratigraphic corridors (17km strike) • Queen Margaret Corridor (+6km long) ‒ 0.4mt @ 2.3 g/t Au for 27 koz ‒ mineralisation extends 1.1km ‒ 18% of prospective corridor tested • Myhree-Boundary Corridor (+6km long) ‒ 0.8mt @
Slide 14: Potential to the North: Kanowna Style Package
Potential to the North Under Cover and Under Explored Kanowna Style Package • Similar to the southern corridors • Analogies with +5Moz Kanowna Belle deposit ‒ host lithology (felsic intrusions within polymictic conglomerate) ‒ alteration (sericite/fuchsite) ‒ mineralisation (steep plunging stacked l
Slide 15: Potential to the North: Greater Woodline
Potential to the North Under Cover and Under Explored Greater Woodline • Host some of the largest alluvial goldfields in WA ‒ historical source of >100oz gold nuggets • Hosted basaltic and ultramafic rock • Contains zones of narrow high grade mineralisation that trend along NW and NS orientations •
Slide 16: Strong Growth Potential
BC8 Strong Growth Potential • January 2018 - $6M IPO • Consolidation of the underexplored Bulong Gold Field − 25km east of Kalgoorlie • Project with low barriers to mining • Extremely active – 10 months of “in-ground” activity • Maiden Mineral Resource Estimate (Resource) - 1.4mt @ 2.5 g/t Au for 10
Slide 17: Connect With Us
Connect With Us 6/16 Nicholson Road, Subiaco WA 6008 PO Box 572, Floreat WA 6014 Tel: +61 (0) 458 007 713 Email: admin@blackcatsyndicate.com.au ABN: 63 620 896 282 www.blackcatsyndicate.com.au Twitter: @blackcatsyn8 Facebook: @blackcatsyn8 BOOTH #43 ASX:BC8 17
Slide 18: Appendices: Mineral Resource Estimate
Appendices • Robust Maiden Mineral Resource Estimate – 1.4mt @ 2.5 g/t Au for 109koz • All resources remain open along strike and at depth Bulong Gold Project Cut-Off Category Tonnes Grade Contained Oz g/t Au '000 g/t Au '000 Boundary Indicated 74 2.1 5 Open Pit (<90m below surface) 1.0 Inferred 259
Slide 19: Appendices: Exploration Target Supporting Information
Appendices Exploration Target - Supporting Information CSA Global developed an Exploration Target for the Bulong Gold Project in November 2017. The potential quantity and grade of the Exploration Target was conceptual in nature, as there had been insufficient exploration to estimate a Mineral Resour
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