Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — RIU Explorers Conference 2020
22 slides from Black Cat Syndicate's conference presentation, February 2020
Slide 1: Transitioning from Discovery to Mining
TRANSITIONING FROM DISCOVERY TO MINING ASX | BC8 February 2020
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: Bulong Gold Project: Transitioning from Discovery to Mining
Bulong Gold Project Transitioning from Discovery to Mining • Consolidation of the Bulong Gold Field - listed January 2018 • Low barriers to mining - 25km east of Kalgoorlie • Underexplored opportunity - negligible historical exploration • Extremely active - drilled +66,000m in 22 months • Resource (
Slide 4: The Opportunity
The Opportunity Simple Structure, Strong Support, Experienced Team Corporate Information Board of Directors and Key Management ASX Code BC8 Paul Chapman Non Executive Chairman Share Price (17 February 2020) $0.37 Gareth Solly Managing Director Shares on Issue 84.0M Options @ ~$0.23 17.3M Les Davis N
Slide 5: Low Barriers to Mining
Bulong Gold Project Low Barriers to Mining • Proven gold region - 25km from Kalgoorlie • Pre-WW1 mining - ~152,000 oz @ >1oz/t • Excellent infrastructure - sealed road - mains power - regional mills - workforce • Resource on mining leases February 2020 ASX | BC8 5
Slide 6: Good Hunting Ground
Bulong Gold Project Good Hunting Ground • Tightly held tenements • Consolidated by Black Cat - enabling systematic exploration for the first time - growing through acquisition/JV • Control of 128km2 - including granted and pending • Surrounded by major players February 2020 ASX | BC8 6
Slide 7: Bulong Rediscovered
Bulong Rediscovered Strong News Flow - Delivering Results • First effective exploration in 20 years - modern technical advantage • Active - +66,000m of drilling - efficient <$46 per drill metre (RC and DD) • Systematic - delineation of prospective corridors - new geophysical data (SAM surveys) • Suc
Slide 8: Robust Resource
Robust Resource 2.7Mt @ 2.8 g/t Au for 242,000 oz • Resources remain open along strike and at depth • 78% of Resource (189,000 oz)1 - potentially open pit minable • Majority of Resources on granted Mining Leases • Discovery cost of A$24/oz; acquisition cost of A$4.40/oz • Explored only 30% of the th
Slide 9: Building Mine-Ready Resources
Building Mine-Ready Resources 189,000 oz in Open Pit Resource • Robust and credible Resource • Optimised A$1,800 pit shells - Mining Plus • 189,000 oz at 2.8 g/t Au in potential open pit position1 • All Resources constrained by lack of drilling • Recoveries > 95%, fast leach kinetics, low cyanide2 1
Slide 10: Myhree: From Discovery to Potential Development
Myhree From Discovery to Potential Development • Current Resource (January 2020) - 1.4Mt @ 3.4 g/t for 155,000 oz - within 150m of surface 80% Indicated1 • Recent drilling includes - 1.7m @ 335.96 g/t Au from 52.2m (19MYDD003)2 o Including 0.5m @ 1,130 g/t Au - 7.0m @ 9.84 g/t Au from 59.5m (19MYDD0
Slide 11: Myhree: From Discovery to Potential Development
Myhree From Discovery to Potential Development • 7.7m @ 21.38 g/t Au from 123.13m (19MYDD006) February 2020 ASX | BC8 11
Slide 12: Feasibility Study: Advancing on Schedule
Feasibility Study Advancing on Schedule • Feasibility Study assessing Myhree as baseload producer • Potential satellite mines (<2km from Myhree) - Queen Margaret - Melbourne United - Strathfield - Trump and Trump North - Boundary • Environmental studies complete with no issues • Recoveries > 95%, fa
Slide 13: Bulong Exploration
Bulong Exploration Good Plumbing • Balagundi (BC8 earning 75%, 25% PIO)1 - adjacent to Victory Fault - significant gold and base metal anomalies • Kanowna Style Package - adjacent to Hampton Fault - continuation of Myhree-Boundary, Trump and Queen Margaret Corridors • Greater Woodline - adjacent to
Slide 14: Balagundi
Balagundi Gold and Base Metal Opportunity • Straddles contact between Bulong and Gindalbie domains - hosted by mafic volcanics and volcaniclastic sediment • Victory Fault - historical mining and extensive recent prospecting • Prospective for both gold and base metals - Black Widow: 2km x 2km Au in s
Slide 15: Northern Potential
Northern Potential Under-cover and Under-explored • Kanowna Style Package - continuation of Myhree-Boundary, Trump and Queen Margaret Corridors - hosted by polymictic sediment, intrusive and ultramafic - historical broad spaced shallow pattern drilling only - highly prospective for gold • Greater Wo
Slide 16: Southern Corridors: Just Scratching the Surface
Southern Corridors Just Scratching the Surface • Unrealised potential at IPO Myhree-Boundary Corridor Queen Margaret Corridor - geological understanding - extensive multi-element data Trump Corridor - mineralised trends identified Untested Untested Untested - +500 historical shafts mapped - +8km2 of
Slide 17: Black Cat Syndicate (BC8)
Black Cat Syndicate (BC8) Transitioning from Discovery to Mining • Consolidation of the Bulong Gold Field - listed January 2018 • Low barriers to mining - 25km east of Kalgoorlie • Underexplored opportunity - negligible historical exploration • Extremely active - drilled +66,000m in 22 months • Reso
Slide 18: Connect With Us
Connect With Us 6 / 16 Nicholson Road, Subiaco WA 6008 PO Box 572, Floreat WA 6014 P | +61 (0) 458 007 713 E | admin@blackcatsyndicate.com.au Twitter / Facebook | @blackcatsyn8 ABN | 63 620 896 282 www.blackcatsyndicate.com.au February 2020 ASX | BC8 18
Slide 19: Appendices: Timeline to Development
Appendices BLACK CAT SYNDICATE Resource Decision to Mine Upgrades TIMELINE TO DEVELOPMENT 242,000 oz 206,000 oz 178,000 oz Maiden Resource 109,000 oz Feasibility Study IPO • Ongoing Exploration Continuing • Infill Drilling Exploration • Permitting • Metallurgical Testwork • Geotechnical Analysis Ini
Slide 20: Appendices: Mineral Resource
Appendices • Robust Mineral Resource: Bulong Gold Project Cut-Off Category Tonnes Grade Contained Oz g/t Au ‘000 g/t Au ‘000 − 2.7Mt @ 2.8 g/t Au for BOUNDARY (September 2019) 242,000 oz1 Open Pit (<90m below surface) 1.0 Indicated Inferred 124 351 2.2 1.9 9 21 Underground (>90m below surface) 2.0 I
Slide 21: Appendices: Myhree Metallurgical Testwork
Appendices • Myhree Metallurgical Testwork Oxide Composite (2.60 g/t Au) 212µm 150µm 106µm 75µm Gravity Recovery (%) 35.42 34.70 34.79 34.89 Total Recovery (%) 92.85 95.33 96.29 97.26 Leach Residue (g/t) 0.18 0.12 0.10 0.07 • Grind Optimisation and Recovery results1 Transitional Composites (2.24 g/t
Slide 22: 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