Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Investor Presentation (June 2019)
21 slides from Black Cat Syndicate's investor presentation, Jun 25, 2019
Slide 1: Fast Tracked Resource Growth
FAST TRACKED RESOURCE GROWTH Gareth Solly – Managing Director ASX | BC8 25 June 2019
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: Building Mine-ready Resource
Bulong Gold Project Building Mine-ready Resource • Listed January 2018 - Consolidation of the Bulong Gold Field • Ideal project with low barriers to mining - 25km east of Kalgoorlie • Extremely active – 16 months of “in-ground” activity • Maiden Resource (as at Dec 2018) - 1.4Mt @ 2.5 g/t Au for 109
Slide 4: The Opportunity
The Opportunity Simple Plan, Strong Support, Experienced Team Corporate Information Board of Directors and Key Management ASX Code BC8 Paul Chapman Non Executive Chairman Share Price (24 June 2019) $0.265 Gareth Solly Managing Director Shares on Issue 68.8M Options @ ~$0.20 17.9M Les Davis Non Execu
Slide 5: Bulong Gold Project: Low Barriers to Mining
Bulong Gold Project Low Barriers to Mining • Proven gold region - 25km from Kalgoorlie • Pre-WW1 mining ~152koz @ >1oz/t • Excellent infrastructure - sealed road - mains power - regional mills - workforce • All Resource on mining leases 25/06/2019 ASX | BC8 5
Slide 6: Bulong Gold Project: Good Hunting Ground
Bulong Gold Project Good Hunting Ground • Tenements in area tightly held by prospectors • Consolidated by Black Cat - enabling systematic exploration for the first time • Now with 100% control of 87km2 - including granted and pending • Surrounded by major players 25/06/2019 ASX | BC8 6
Slide 7: Bulong Rediscovered
Bulong Rediscovered Delivering Results • First effective exploration in 20 years - reinterpretation & 3D models • Active - 40,000m of drilling since acquisition (June 2019) - efficient - <$45 per drill metre (RC & Diamond) • Systematic - delineation of prospective corridors - new geophysical data (S
Slide 8: Robust Maiden Resource
Robust Maiden Resource 1.4Mt @ 2.5 g/t Au for 109koz • All Resources remain open along strike and at depth • 88% of Resource is potentially open pit minable • 51% of the open pit Resource is contained within the new discovery at Myhree • All Resources on granted Mining Leases – short haulage to mill
Slide 9: Maiden Resource
Maiden Resource Robust and Real • Robust, credible, independent, maiden Resource – Mining Plus • Based on optimised A$1,800 pit shells with realistic input costs • 96,000 ounces at 1.0 g/t Au cut-off in open pit position • Underground Resources (at 2.0 g/t Au cut-off) – currently constrained by lack
Slide 10: Myhree
Myhree Growth to be Fast-Tracked • First drilling (June 2018) - 486kt @ 3.2 g/t Au for 50koz (Dec 2018) • Infill drilling to convert from Inferred to Indicated • Thick high grade intersections along entire known strike • Mineralisation is open at depth and the system remains underexplored to the nor
Slide 11: Myhree to Boundary
Myhree to Boundary Closing The Gap • Lodes interpreted to continue through untested 400m gap 1. Refer to ASX announcement 21 June 2019 25/06/2019 ASX | BC8 11
Slide 12: Myhree to Boundary
Myhree to Boundary Open at Each End – Numerous Targets Between • Stacked mineralised lodes (Boundary/Myhree) typically strike NE • Three significant, related SAM Targets identified in between • Corridor is remains grossly underexplored - existing SAM targets require drill out • Corridor north of Bou
Slide 13: Maiden Resource
Maiden Resource Positioned for Growth • Maiden Resource – 1.4Mt @ 2.50 g/t Au for 109koz = Interim Resource • All Resources remain open along strike and at depth • All corridors prospective for new deposits as well as extension • Extensional and Infill drilling continuing • Resource updates schedule
Slide 14: Near Term
Near Term Resource Growing Rapidly • Resources sit within structural - stratigraphic corridors (17km strike) • Queen Margaret Corridor (+6km long) - 0.4Mt @ 2.3 g/t Au for 27koz - 18% of corridor tested • Myhree-Boundary Corridor (+6km long) - 0.8Mt @ 2.7 g/t Au for 72koz - 20% of corridor tested -
Slide 15: Longer Term
Longer Term Under Cover and Under Explored • Kanowna Style Package - similar to the 17kms of corridors to the south - hosted by sediment and ultramafic - extension under cover to the north • Greater Woodline - host of some of the largest alluvial goldfields in WA - hosted by basaltic and ultramafic
Slide 16: Potential to the North
Potential to the North Under Cover and Under Explored • Kanowna Style Package - similar to the 17kms of corridors to the south - analogies with +5Moz Kanowna Belle deposit o host lithology (felsic intrusions within polymictic conglomerate) o alteration (sericite/fuchsite) o mineralisation (steep plu
Slide 17: Potential to the North
Potential to the North Under Cover and Under Explored • Greater Woodline - location of the largest alluvial goldfields in WA (> 100 oz nuggets) - hosted by basaltic and ultramafic rock - high grade mineralisation that trend on NW and NS orientations - numerous drill ready targets - significant drill
Slide 18: Black Cat Syndicate (BC8)
Black Cat Syndicate (BC8) Building Mine-ready Resource • Listed January 2018 - Consolidation of the Bulong Gold Field • Ideal project with low barriers to mining - 25km east of Kalgoorlie • Extremely active – 13 months of “in-ground” activity • Maiden Resource (as at Dec 2018) - 1.4Mt @ 2.5 g/t Au f
Slide 19: 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 25/06/2019 ASX | BC8 19
Slide 20: Appendices
Appendices • Robust Maiden Mineral Bulong Gold Project Cut-Off Category Tonnes Grade Contained Oz g/t Au ‘000 g/t Au ‘000 Resource Estimate – BOUNDARY 1.4Mt @ 2.5 g/t Au for Open Pit (<90m below surface) 1.0 Indicated 74 2.1 5 109koz Inferred 259 1.8 15 Underground (>90m below surface) 2.0 Indicated
Slide 21: 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
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