Sundance Resources — Cassini Resources — Diggers & Dealers 2015
19 slides from Sundance Resources's conference presentation, August 2015
Slide 1: Building an Australian Nickel and Copper Producer
Building an Australian Nickel and Copper Producer DIGGERS & DEALERS, AUGUST 2015
Slide 2: Corporate Overview
Corporate Overview Current Shareholders % MACA Limited (ASX:MLD) 13.5% GR Engineering (ASX:GRE) 6.8% BT Portfolio Services 5.4% Directors & Management 4.8% Capital Structure Current Share Price (close 03/08/15) 6.5 cps Shares on Issue 220,899,07 Board and Management Options on Issue 6.6 million Mike
Slide 3: Achievements in last 12 months
Achievements in last 12 months • West Musgrave Project acquisition May ‘14 • Completed Nebo–Babel Scoping Study April ‘14 ‒ Resource upgraded to Indicated ‒ Produced marketable nickel and copper concentrates ‒ Confirmed project location does not materially impact economics ‒ Identified numerous valu
Slide 4: West Musgrave Project, WA (100% CZI)
West Musgrave Project, WA (100% CZI) • 1,500 km2 of highly prospective land • Significant historical work done by BHP Billiton Development Stage • Nebo and Babel (Ni + Cu sulphide deposits) • Scoping Study confirms value Exploration Stage • World class exploration potential – 25km trend of Ni-Cu-PGE
Slide 5: Nebo-Babel: Low technical risk
Nebo-Babel: Low technical risk 1. Safe mining jurisdiction of Western Australia 2. Open pit mining techniques ü Flat ore body geometry, with higher-grade on top, low strip ratio (<3:1) ü Shallow depth to mineralisation (50m) 3. The right geology Nebo ü Conventional flotation processing ü Signifi
Slide 6: Scale - Size does matter
Scale - Size does matter Scoping Study demonstrated • Significant mineral resource: BABEL – 203Mt @ Ni 0.41% and Cu 0.42% (at a 0.3% Ni cog) – 830,000t contained Ni NEBO – 852,000t contained Cu • Average annual LOM production rate of: – 12,300t of Ni in concentrate – 14.300t of Cu in concentrate Neb
Slide 7: Very Low Operational Costs
Very Low Operational Costs Nebo-Babel will be at the lower Global Nickel C1 Cash Cost League 2015 showing the range of WA nickel producers end of the range of WA nickel producers. Two key reasons: 1. By Product Credits 1:1 Ni to Cu ratio in the ore which means 1 ton of copper in concentrate will be
Slide 8: Project Location does not materially impact economics
Project Location does not materially impact economics • Low operating cost profile includes all key costs influenced by project location - Transport - Power - Water - Staffing • Aim was to cost a base case study that was deliverable • Significant opportunity exists to reduce these costs further duri
Slide 9: Pre-Feasibility Underway
Pre-Feasibility Underway Project targets • Advanced metallurgy • Geotechnical studies • Hydrogeology • Transportation alternatives • Power alternatives 9
Slide 10: Exploration: a near term opportunity
Exploration: a near term opportunity 10
Slide 11: Massive Exploration Opportunity
Massive Exploration Opportunity • Detailed exploration review of West Musgrave Project completed • Cassini tenements cover heart of mineralised system • New Succoth interpretation identifies mineralisation controls; highlights EM conductors • Advanced understanding for the potential for Ni-rich mine
Slide 12: The Succoth-Esagila Complex
The Succoth-Esagila Complex • A large (65km2) Ni-Cu-PGE mineralised mafic intrusive complex • Hosting multiple occurrences of significant Cu-Ni-PGE mineralisation • Strong Cu background throughout the entire intrusive complex • The great majority of the project area has not been tested below the eff
Slide 13: Potential for Ni rich mineralisation
Potential for Ni rich mineralisation • Nickel-rich mineralisation has been intersected in drilling, such as 0.55m @ 1.59% Ni from 225.8m (WMN4023) at the Babylon Intrusion, west of Succoth. • A geological process in some mafic-intrusion hosted nickel sulphide deposits is for sulphide liquids to frac
Slide 14: Increasing Ni at depth: Sakatti deposit
Increasing Ni at depth: Sakatti deposit SakaA Deposit, Finland, demonstra8ng increase in nickel grades down-‐plunge. (Modified from Anglo American presenta5on). 14
Slide 15: Succoth drilling currently underway
Succoth drilling currently underway • Testing large DHEM off-hole conductor (400m x 100m) • Opportunity for discovery of new massive sulphides zones • Co-funded under WA government EIS program to offset costs • Already identified significant copper rich disseminated sulphide mineralisation >3km 15
Slide 16: Other Drill Ready Targets
Other Drill Ready Targets Esagila • Mineralisation defined over 900m of strike, and locally to a depth of about 300m, by only 8 holes, two of which are air-core holes. • The strongest mineralisation (including 3.2m @ 2.61% Cu) was intersected at a depth of about 200m below surface; it remains open d
Slide 17: Cassini's Value Proposition
Cassini’s Value Proposition • Highly experienced technical and corporate team • Nebo Babel value confirmed • Highly leveraged to positive Ni + Cu price forecasts • Massive exploration opportunity within project area • Staged approach • High impact drilling currently underway 17
Slide 18: Contact Details
Contact Details Richard Bevan Managing Director Cassini Resources Limited 10 Richardson Street West Perth WA 6005 T: +61 8 6164 8900 E: richard@cassiniresources.com.au W: www.cassiniresources.com.au 18
Slide 19: Disclaimer & Important Notice
Disclaimer & Important Notice The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial produc