Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Investor Presentation (April 2016)
18 slides from Capricorn Metals's investor presentation, April 2016
Slide 1: Karlawinda Gold Project
KARLAWINDA GOLD PROJECT ASX Code: CMM Investor Presentation – April 2016 ABN 841 21 700 105 www.capmetals.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement This presentation contains only a brief overview of Capricorn Metals Limited and its associated entities (“CAPRICORN or CML") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of CML’ p
Slide 3: Sole Focus on WA Gold
Sole Focus on WA Gold COMPANY SNAPSHOT Karlawinda Gold Project is the single focus 650,000oz JORC compliant inferred resource at Bibra Clear, accelerated route to 2018 production $12m spent on scoping study activities by IGO Potential for camp-scale exploration success Assets in Madagascar being div
Slide 4: Corporate Overview
Corporate Overview Corporate Information Board of Directors ASX Code CMM Guy Le Clezio Non-Executive Chairman (World Titanium Resources / Eyres Reed) Shares on Issue 388.7m Peter Thompson Managing Director Share Price as at 22 April 2016 15.0c (St Barbara / Jubilee / Anaconda) Market Capitalisation
Slide 5: Issue
Issue Placement of approximately 97.2 million shares to raise gross proceeds of A$12.6 million Placement of approximately 97.2 million shares to raise gross proceeds of A$12.6 million Lead Manager Euroz Securities Limited (Euroz or the Lead Manager) Issuer Capricorn Metals Limited (Capricorn) Offer
Slide 6: Karlawinda Gold Project – “Forgotten Opportunity”
Karlawinda Gold Project – “Forgotten Opportunity” Gold discovered by WMC in 2005 while exploring for Ni/Cu mineralisation – no dedicated gold exploration Geology map showing IGO acquired the project from BHPB (following Pilbara Gold deposits and WMC takeover) in 2008 for $4m plutonic Bibra Gold Depo
Slide 7: Karlawinda Gold Project – “Forgotten Opportunity”
Karlawinda Gold Project – “Forgotten Opportunity” Malagasy / Greenmount merger February 2016 Newman Renamed Capricorn Metals Limited Final payment to IGO $1.5m due August 2016 BHPB Royalty: 2% Net Smelter Return BHPB Claw-back Right: If >5Moz gold resource and/or 120kt nickel resource can Bibra buy
Slide 8: Strategy & Activities – “In-Pit” Resource Expansion
Strategy & Activities – “In-Pit” Resource Expansion Bibra Gold Deposit Expand in-pit resources: 9,642m RC drilling program (47 holes) completed Mineralization in every hole Strong results first 14 holes reported Major opportunity to increase inferred resources Updated resource by June 2016 Review an
Slide 9: Bibra Resource
Bibra Resource JORC Compliant Inferred Resource: 18 million tonnes @ 1.1g/t Au for 650,880oz “Virgin” resource with no legacy issues Mineralisation starts near surface: Flat dipping geometry Low stripping ratio (4:1) Thick, continuous tabular gold mineralisation High ounces per vertical metre Only 5
Slide 10: Bibra Resource
Bibra Resource JORC Compliant Inferred Resource* 18mt @ 1.1g/t Au for 650,880oz gold to a depth of 230m 240,300oz of near surface laterite and saprolite resource (0-65m) Resource lies within much larger mineralised envelope Early drill opportunity to significantly expand in-pit resource Mineralisati
Slide 11: Bibra Resource
Bibra Resource Strategy & Activities – “In-Pit” Resource Expansion Expand in-pit resource: Significant opportunity to increase inferred resources with A$1,600 pit shell Pending results from 33 holes Updated resource by June 2016 Review and build on Scoping study information: Well advanced position G
Slide 12: Bibra Resource
Bibra Resource Recently announced drilling results: KBRC 285: 9 metres @ 5.10g/t Au from 169m 21 metres @ 1.33g/t Au from 190m KBRC 284: 12 metres @ 1.00g/t Au from 162m 13 metres @ 1.02g/t Au from 176m KBRC 286: 15 metres @ 1.07g/t Au from 203m KBRC 290: 19 metres @ 1.37g/t Au from 200m 9 metres @
Slide 13: Strategy & Activities – Exploration
Strategy & Activities – Exploration Regional NEAR TERM UPSIDE! IS THIS A NEW GOLD PROVINCE?
Slide 14: Exploration
Strategy & Activities – Exploration Regional Simple, consolidated, low-cost tenement package Large areas of Archaean greenstone under cover: Shallow recent transported sediments Bangemall Basin Comprehensive database for drill targeting: 36,000m aircore drilling Numerous high priority prospects: Bib
Slide 15: Exploration
Strategy & Activities – Exploration Regional Large-scale exploration potential within 8km of Bibra At least 13km of prospective geology Demonstrated endowment across the project area Excellent, but still limited database Wide spaced aircore drilling Area largely under transported cover Understanding
Slide 16: Exploration
Strategy & Activities – Exploration Regional B1 Trend ~8km extension of the Bibra stratigraphy Wide spaced, shallow aircore drilling Area largely under transported cover Target numerous significant results in fresh rock and regolith Results include: KBAC1135 2 metres @ 2.75g/t Au KBAC1036 6 metres @
Slide 17: Strategy & Activities – Exploration
Strategy & Activities – Exploration Regional Francopan-K3 Prospects Confirmation this is a large-scale Archaean gold system! Gold mineralisation intersected over 5km! Major fault zone Limited drilling Bangemall cover sequence Results include: KBD025: 81m @ 1.2g/t Au. Includes: 7m @ 3.5g/t Au (1m @ 2
Slide 18: Summary
Summary Rapid pathway to production, risks well understood Resource expansion drilling program – completed Awaiting results from 33 drill holes – ongoing news flow Resource upgrade – June 2016 Scoping Study – July 2016 Supportive cornerstone shareholders Placement Funds for: completion of the scopin
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