Carbine Resources Limited · ASX:CRB
Carbine Resources — Shareholder Meeting (June 2015)
12 slides from Carbine Resources's shareholder meeting presentation, Jun 4, 2015
Slide 1: Mount Morgan Gold & Copper Project AGM Presentation: Company Update to Shareholders
For personal use only Mount Morgan Gold & Copper Project AGM Presentation: Company Update to Shareholders Patrick Walta June 2015
Slide 2: Disclaimer
Disclaimer Mineral Resources For personal use only The Indicated and Inferred Resources referred to above were presented by Norton Gold Fields Limited at the Mining 2009 Resource Convention (Brisbane). The presentation was released to the ASX on 28 October 2009 and is available for viewing on the No
Slide 3: Year-in-Review: Tracking Toward Financing
Year-in-Review: Tracking Toward Financing For personal use only 2014 2015 2016+ 2014/15 Highlights: Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Acquired project Completed Scoping Project DD & Acquisition Study Phase 1 Testwork Confirmed <US$400 All-in Sustaining Costs Phase 2 Testwork Developed preliminary Scoping Stud
Slide 4: Carbine Resources Snapshot
Carbine Resources Snapshot For personal use only Capital Structure Board & Management Shares 140 million Patrick Walta Executive Director (ASX: CRB) Unlisted Options 28 million Evan Cranston Non-Exec Director ($0.05 - $0.20) Market Capitalisation $6.2M Tom Bahen Non-Exec Director (@ $0.044/share) Ca
Slide 5: Mount Morgan Mine Overview
Mount Morgan Mine Overview Significant historical gold mine For personal use only Close proximity to cities, ports & rail Deposit mined for ~100 years Production 8.4Moz Au, 400kt Cu, 1.2Moz Ag ~40Mt mineralised tailings deposited on site Environmental legacy owned by QLD govt
Slide 6: 1Moz+ Au Remaining in Tailings
1Moz+ Au Remaining in Tailings For personal use only Resources Tonnes Au (g/t) Cu (%) Au (oz) Cu (t) Indicated 2.49 Mt 1.59 0.16% 127,000 3,900 Inferred 5.86 Mt 1.07 0.14% 202,000 8,400 TOTAL JORC 8.35 Mt 1.23 0.15% 329,000oz 12,300t Low High Low High Low High Low High Low High TOTAL EXP. TARGET* 31
Slide 7: Site Production History
Site Production History 1882 – 1980: Primary Ore Mining Operations For personal use only 1981 – 1991: Historical Tailings Reprocessing Operations 28Mt tailings reprocessed via 3Mtpa CIL plant Excess cyanide consumption caused by soluble copper Operations ceased due to increased copper and falling go
Slide 8: Carbine's Flowsheet
Carbine’s Flowsheet Multiple by-products = For personal use only Low All-in Sustaining Costs Historical Tailings Norton Feasibility Carbine Scoping PFS Testwork: Metal Extraction Reprocessing Study Study Further (1981 – 1991) (2010) (2014) flowsheet Gold 50 - 55% 65% 78% optimisation Pyrite - 86% 91
Slide 9: Scoping Study Results
Scoping Study Results Parameters For personal use only Parameter Value Notes Mine Life 8 years JORC resources only Annual Throughput 1,000,000 t/yr Based on available JORC resources Production Gold 36,000 oz/yr High grade resources targeted Copper 850 tpa during initial years of operations Pyrite 23
Slide 10: Plans for the Next Months
Plans for the Next 12 Months… Finish PFS & assess potential for early stage financing For personal use only Grid space drill program to upgrade JORC resources and Exploration Target Complete BFS and detailed design Proceed with decision to mine and construction activities Finalise binding contracts
Slide 11: Appendices: Board & Mgmt Bios
Appendices: Board & Mgmt Bios For personal use only Metallurgist & mineral economist, commercial & tech. mining experience Patrick Walta MD of Raging Bull Mining & Former CEO of Cradle Resources Limited Executive Director Experience in mineral resource dev, M&A, project management Extractive metallu
Slide 12: Carbine Resources Limited
For personal use only Carbine Resources Limited Suite 23, 513 Hay Street Australia Office Subiaco, WA, 6008 Suite 23, 513 Hay Street Subiaco WA 6008 Contact Ph: +61 8 6142 0980 Patrick Walta Executive Burkina Director Faso Office RuePh: +61 8 30.248 6142 Porte 790986 Secteur 30 Sin-Yiri 09 www.carbi