Eq Resources Limited · ASX:EQR
Eq Resources — Carbine Tungsten — North Qld Economic Summit 2015
19 slides from Eq Resources's conference presentation, 2015
Slide 1: Carbine Tungsten Limited
Carbine Tungsten Limited Mt Carbine Tungsten Project Jim Morgan CEO & Managing Director
Slide 2: Mt Carbine Tungsten Mine - Location
Mt Carbine Tungsten Project Mt Carbine Mining Leases cover Mt Carbine ~367 hectares. Tungsten Historical Mt Carbine Tungsten Mine - Location Mine located 130km by sealed highway from the port of Cairns in Northern Queensland, Australia. The northern face of the open pit mine is visible from the high
Slide 3: Tungsten: Industrial Enabling Metal with Strategic Importance
Tungsten…. Industrial Enabling Metal with Strategic Importance
Slide 4: Tungsten: Industrial Enabling Metal
Tungsten… Aeronautical & Automobile Manufacturing Industrial With a density of 19.25 g/cm3, tungsten is also among the Enabling heaviest metals. Metal with Strategic Rail & Heavy Earthmoving Importance Highest melting point of all metals at 3,422 ± 15 oC and a boiling point which corresponds approx.
Slide 5: Tungsten: Industrial Enabling Metal
Tungsten… Industrial Enabling Electronics Metal with Strategic Importance New Generation Solar Cells
Slide 6: History of the Mt Carbine Tungsten Mine
History of the Mt Carbine Tungsten Mine • Tungsten discovered at Mt Carbine in 1895. • Mining at Mt Carbine consisted of small scale, selective underground mining of the quartz veins until 1919 when world wolframite prices collapsed. • Mt Carbine mined sporadically from 1919 to 1968. • In 1972, Quee
Slide 7: Project Economics
Project Economics NPV Mt Carbine Project Outline $161 million FEASIBILITY STUDY - KEY FINDINGS Resource • Feasibility Study completed July 2012 • Payback period 1.5 years. Mine 47Mt @ 0.13% WO3 confirmed the technical and financial Stockpile 12Mt @ 0.075% WO3 feasibility of the Mt Carbine Project. •
Slide 8: Evolution of the Mt Carbine Tungsten Project
Evolution of the Junior Diversified 2018 Onwards Significant Open Pit Mine Development Exploration Company Mt Carbine Major Tungsten Producer Tungsten Project Pure Play Tungsten Mining & Tungsten Stockpile Production Company Development & Production 2012 - 2014 2016-2017
Slide 9: Project Overview
Mining Sublease Boundary Project Overview 1) Stockpiles 2) Open cut
Slide 10: Stockpile Project
Stockpile Project • Environmental Authority for EPML00956913 issued August 2013. • Covers existing tungsten stockpiles [~12 million tonnes of at-surface stockpiled material] with an annual processing capacity of up to 3 Million Tonnes per Annum (MTPA). • Commercial resource with a mine life potentia
Slide 11: Stockpile Project
Stockpile Project Funding: Technical due diligence phase of the funding negotiations with Mitsubishi RtMJ completed in April 2014. US$15 million secured loan (including prepayment fund of previous US$1 million loan) approved by Mitsubishi RtMJ Board in late September 2014. Off-take: MoU in place
Slide 12: Mt Carbine Mineral Resource Summary - July 2014
MT CARBINE MINERAL RESOURCE SUMMARY - JULY 2014 TUNGSTEN RESOURCES AS WO3 Resource Resource Cut-off Grade Tonnes WO3 WO3 (%) (Mt) (%) (mtu) 0.075 840,000 Low Grade Stockpile Indicated 0.00 12.0 Main Zone Hard Rock Indicated 0.05 18.0 0.140 2,520,000 Main Zone Hard Rock Inferred 0.05 29.3 0.120 3,516
Slide 13: Open Pit Project
Open Pit Project • 10 year mine life. • Mineralisation remains open at depth. • Low planned strip ratio. • Process plant will be same as the LGSP operations. • Contains higher grade material than the LGSP ores. Perspective view of WO3% model blocks looking west, incorporating the South Wall Fault an
Slide 14: Planned Acquisition of Quarries
Planned Acquisition of Quarries • Memorandum of Understanding entered into for the purchase of Mt Carbine and Mossman Quarries. • Established business operated for over 20 years within the Mt Carbine Mining Leases. • Mt Carbine Quarries has a stockpile of “historically excavated and demineralised” m
Slide 15: Quarry - Long Term Strategic Importance
Quarry - Long Term Strategic Importance • White Paper on Developing Northern Australia released by the Federal Government in June 2015 offers many strategic business opportunities, Mt Carbine & such as:- Mossman Quarries ‒ Commonwealth Government providing a new $5 billion Northern Australian Infras
Slide 16: Economic Benefits
Economic Benefits • Employment Opportunities for:- • ~ 34 people – Stockpile Project (Operational Phase) • ~ 60 people - Open Cut Project (Operational Phase) • ~150 people during construction phases • Sourcing goods and services from local businesses, wherever possible and economical to do so. • Spo
Slide 17: Mt Carbine - Future Exploration Potential
Mt Carbine - Future Exploration Potential IRON DUKE - MT CARBINE, QLD • Present resource estimate does not include any Iron Duke mineralisation. Lies within the planned open-cut envelope. • Average true width 8m from 6 drill holes with an average weighted grade of .32% WO3. Mapping indicates a strik
Slide 18: Disclaimer
Disclaimer Forward Looking Statements Some statements in this presentation relate to the future and are forward looking statements. Such statements may include, but are not limited to, statements with regard to intention, capacity, future production and grades, projections for sales growth, estimate
Slide 19: Thank-you
Thank-you Carbine Tungsten Limited ACN 115 009 106 50 Scott Street, Bungalow, CAIRNS QLD 4870 - PO Box 1040, Bungalow, CAIRNS QLD 4870 Telephone: +61 (0)7 4052 2400 - Facsimile: +61 (0)7 4052 2444 www.carbinetungsten.com.au (ASX: CNQ)