Carbine Resources Limited · ASX:CRB
Carbine Resources — Shareholder Meeting (November 2010)
17 slides from Carbine Resources's shareholder meeting presentation, Nov 16, 2010
Slide 1: EGM Presentation
For personal use only EGM Presentation P i Perth November 15th 2010
Slide 2: Disclaimer
Disclaimer For personal use only ♦ 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 p
Slide 3: Highlights
Highlights For personal use only ♦ New West African focus ♦ Signed g earn-in agreement g with Ampella p Mining g over the Madougou Project in Burkina Faso ♦ Board and Management re-structured ♦ 3 capital raisings for a total of $10m* ♦ Increased land package by almost 200% ♦ Aggressive exploration p
Slide 4: Board & Senior Management
Board & Senior Management For personal use only Board ♦ Aoife McGrath - Executive Director Exploration ♦ Geologist / Financial ♦ Evan Cranston - Non Executive Director ♦ Legal / Financial ♦ Dr. Paul Kitto - Non Executive Director ♦ Geologist ♦ Mr Ronald Sayers - Non Executive Director ♦ Commercial S
Slide 5: Capital Structure
Capital Structure For personal use only Total Ordinary Shares on Issue* 103M (*post settlement of tranche 2 Placement) Options on Issue CRBO ($0.15 ($ July l 11)) 37M Directors / Staff (various 30-45c) 8.3M Number of Shareholders ~869 Top 20 Shareholders ~51% Market Capitalisation at 40c ~$41M (undi
Slide 6: West Africa – why?
West Africa – why? For personal use only ♦ Largest growth in gold resources in the world 1997 – 2005 2005* ♦ Large tracts of Greenstone Belts still under-explored ♦ Global recognition of prospectivity ti it off th the region *Source: USGS Mineral Commodities Summaries
Slide 7: Burkina Faso – why?
Burkina Faso – why? For personal use only ♦ Independent since 1960 & politically stable since 1987 ♦ New mining code – 2003 ♦ Pro-active Mining Government ♦ 2003 – 2010 = 6+ new g gold mines ♦ Underlain by 22% Birimian Greenstones ♦ Ranked 5th best African country for investment* ♦ Ranked 4th poores
Slide 8: JV Details
JV Details For personal use only ♦ Earn-in over the Madougou Project ♦ Comprising the Kandy and Madougou Permits ♦ $3m over 3 years for 51% ♦ Further $2m over 2 years for 70% ♦ Fund F d pre-feasibility f ibilit over 12 months for 80% ♦ JV thereafter Artisanal workings at Nimbo Prospect
Slide 9: Madougou Gold Project
Madougou Gold Project For personal use only ♦ Initially 465km2 – 2 permits ♦ Now 1327km2 – 7 permits ♦ 180km NW of capital ♦ Good infrastructure ♦ Birimian Greenstone ♦ Trans-crustal Deformation Corridor ♦ Numerous prospects already identified ♦ 100+km2 of gold mineralisation (soils)
Slide 10: Previous Exploration
Previous Exploration For personal use only ♦ Not extensively explored ♦ Limited geochemistry, geophysics & scout drilling ♦ 100+km2 of gold mineralisation (soils) ♦ Extensive artisanal workings ♦ Blanket of transported cover
Slide 11: Historical Results
Historical Results For personal use only Nimbo: ♦ 8m at 20.86g/t gold ♦ 4m at 8.35g/t gold ♦ 4m at 8.20g/t gold Dagabenan: ♦ 14m at 4.76g/t gold ♦ 12m at 1.74g/t 1 74g/t gold Gousirdou: ♦ 10m at 6.66g/t gold Dore: ♦ 6m at 3.4g/t gold ♦ 10m at 1.6g/t gold
Slide 12: Carbine's Progress
Carbine’s Progress 1 For personal use only Since April 2010 ♦ Increased land package by almost 200% - 5 new permits over ♦ Birimian Greenstone ♦ Ouahigouya deformation corridor ♦ 3852m of scout RC drilling - 3 prospects ♦ Best intersections: ♦ 56m at 1.6g/t Au (ended in mineralisation) ♦ 4m at 9.6g/
Slide 13: Carbine's Progress
Carbine’s Progress 2 For personal use only Nimbo: Intensely ♦ Structure intersected in altered zone every hole with ♦ Intense zone of alteration anomalous (silica, sericite, chlorite & gold pyrite) in every hole ♦ Wide q quartz veins in every y hole ♦ Same set of lithologies in every hole Zone of py
Slide 14: Carbine's Progress
Carbine’s Progress 3 For personal use only Since April 2010 cont’d ♦ Over 5300 line kilometres of high resolution geophysics flown ♦ Many new targets outlined ♦ Structural i t intersections ti ♦ Structural Jogs ♦ Fold hinges? ♦ Lithological contrasts Types of new targets outlined by geophysics
Slide 15: Carbine's Progress
Carbine’s Progress 4 For personal use only Since April 2010 cont’d ♦ Aggressive geochemistry program started ♦ 2 augers and 1 AC rig double shifting ♦ Over 80,000m geochem drilling ♦ Regional mapping & sampling on new Permits (results pending) ♦ ASD (Analytical ( y Spectral Device) survey underway ♦
Slide 16: Exploration Plan
Exploration Plan For personal use only ♦ $9.5 million cash in bank * ♦ Aims Aims: ♦ To follow up on known prospects: ♦ Auger geochemistry, Aircore drilling, RC & DD drilling ♦ Conduct ASD alteration study on Dore drill samples ♦ Regional scale exploration over new permits: ♦ Mapping and sampling, Ge
Slide 17: For personal use only
For personal use only Australia Office Suite 23, 23 513 Hay Street Subiaco WA 6008 Ph: +61 8 6142 0980 Burkina Faso Office 128 Rue Kindfu Secteur 13 Zone du Bois 01 BP Ouagadougou 01 www.carbineresources.com.au
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