Carbine Resources Limited · ASX:CRB
Carbine Resources — Africa Down Under Conference 2011
15 slides from Carbine Resources's conference presentation, September 2011
Slide 1: Madougou – A Golden Opportunity, Walking distance from Ouaga
Madougou – “A Golden Opportunity Walking distance from Ouaga” Africa Down Under Conference 2011
Slide 2: Disclaimer
Disclaimer ♦ The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Carbine Resources Limited (“Carbine”) or its respective employees, agents or consultants (Information) is provided to the recipie
Slide 3: Highlights – last 18 months
Highlights – last 18 months ♦ New West African focus ♦ Excellent scout drill results–5 prospects ♦ Over 10kms of gold anomalies ♦ Land package increase >200% (1464sqkms) ♦ $10m cash in bank Locations of West African gold deposits on regional geology
Slide 4: Board & Senior Management
Board & Senior Management Board ♦ Aoife McGrath - Exec Director Exploration Geologist / Financial ♦ Dr. Paul Kitto - Non Exec Director Geologist ♦ Evan Cranston - Non Exec Director Legal / Financial Senior Management ♦ Grant Mooney- Company Secretary ♦ Heather Little – Chief Geologist ♦ Mahamadou Ni
Slide 5: Capital Structure
Capital Structure Total Ordinary Shares on Issue 140M Options on Issue Directors / Staff (various 30-45c) 8.3M Number of Shareholders ~900 Top 20 Shareholders ~51% Market Capitalisation at 20c ~$28M (undiluted August 2011) Cash - August 2011 ~$10M
Slide 6: Burkina Faso – why?
Burkina Faso – why? ♦ Independent since 1960 & politically stable since 1987 ♦ Pro-active Mining Government ♦ New mining code – 2003 ♦ 6+ new gold mines ♦ Ranked 5th best African country for investment* ♦ 22% Birimian Greenstones *Source: Resourcestocks World Risk Survey 2010
Slide 7: Madougou Gold Project
Madougou Gold Project ♦ 2 8 Permits ♦ 1464sqkms ♦ Excellent infrastructure ♦ Birimian Greenstone ♦ Transcrustal Deformation Corridor Permit location – overlain on aeromagnetics
Slide 8: Reconnaissance Exploration
Reconnaissance Exploration ♦ >8000 line kms high resolution aeromag ♦ Targeting: ♦ Structural intersections ♦ Fold hinges ♦ Lithological contrasts ♦ Structural offsets ♦ >12,000 geochemistry samples taken ♦ Scout aircore drilling Prospects already identified on Madougou and Kandy Permits
Slide 9: Nazala Prospect
Nazala Prospect ♦ Targeting a JORC compliant resource - 12 months ♦ Potential for > 5kms strike length ♦ 10m at 11.9g/t Au ♦ 15m at 2.3g/t Au ♦ 10m at 2.5g/t Au ♦ 32m at 1.3g/t Au ♦ 20m at 1.4g/t Au (incl. 12m at 2.1g/t Au) Drill results and interpreted zones of mineralisation overlain on aeromagnet
Slide 10: Goussirdou Prospect
Goussirdou Prospect ♦ Part of large Nazala Area ♦ >1.2km strike length ♦ 28m at 2.0g/t Au (including 12m at 3.4g/t Au) ♦ 10m at 4.4g/t Au Drilling and geochemistry results overlain on aeromagnetics
Slide 11: Nimbo Prospect
Nimbo Prospect Nimbo Mineralisation looking NE along strike. Zones of >0.25g/t gold coloured in red. ♦ At least 3 zones of mineralisation ♦ Scout drill results: ♦ 2m at 73.2g/t Au – ended in ♦ 5m at 7.78g/t Au mineralisation ♦ 11m at 4.94g/t Au ♦ 8m at 12.41 g/t Au ♦ 2m at 8.01g/t Au ♦ 2m at 19.23g/
Slide 12: Dore Prospect
Dore Prospect ♦ Large artisanal mine field >5000 miners ♦ Potential for wide, shear zone hosted replacement-style mineralisation ♦ 56m at 1.6g/t Au ♦ 30m at 0.9g/t Au ♦ 18m at 0.8g/t Au
Slide 13: Foufaka Prospect
Foufaka Prospect ♦ Covers over 2.5sqkms ♦ Open to south, southeast and southwest ♦ More results expected shortly
Slide 14: Why Carbine?
Why Carbine? ♦ Proven African, hands-on success ♦ Very prospective land package ♦ JORC compliant resources over 3 prospects within 12 months ♦ Aggressive, fully funded & focused ♦ Close proximity to essential services & infrastructure ♦ Long field season - very short wet season
Slide 15: Australia Office and Burkina Faso Office contact details
Australia Office Suite 23, 513 Hay Street Subiaco WA 6008 Ph: +61 8 6142 0986 Burkina Faso Office 128 Rue Kindfu Secteur 13 Zone du Bois 01 BP Ouagadougou 01 www.carbineresources.com.au
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