Carbine Resources Limited · ASX:CRB
Carbine Resources — Investor Presentation (August 2016)
15 slides from Carbine Resources's investor presentation, Aug 3, 2016
Slide 1: Mount Morgan Gold - Copper Project
For personal use only Mount Morgan Gold - Copper Project
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer For personal use only Summary information and not an offer - This presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselve
Slide 3: Capital Structure and Board & Management
ASX:CRB For personal use only Capital Structure Board & Management ASX Code CRB Chairman John Fitzgerald Managing Director Anthony (Tony) James Shares on issue (Includes raising2) 192 Million2 Director Graham Brock Share Price 25.5 cents1 Director Evan Cranston Unlisted Options Chief Operating Offic
Slide 4: Targeting to become one of Australia's highest margin Gold producers
Targeting to become one of Australia’s highest margin Gold producers For personal use only • New board and management team set to finalise DFS and lead project into construction in 20171 • GR Engineering largest shareholder and strategic partner2 • Tailings retreatment and clean-up historical Mount
Slide 5: The Golden Mount
The Golden Mount For personal use only • Historical Mount Morgan mine operated from 1882 to 1980 producing 8.4Moz Rec Au, 400kt Cu and 1.2Moz Ag from 50Mt ore • Reported ~40Mt of tailings produced up to 1980 • GeoPeko reprocessed ~25Mt tailings from 1981 to 1991 via a 3Mtpa CIL plant returning taili
Slide 6: Mundic tailings on north side of Mundic Gully
For personal use only 25m Mundic tailings on north side of Mundic Gully 6
Slide 7: Process Flow Sheet
For personal use only Process Flow Sheet Copper Circuit: Resin in pulp (RIP) allows Cu leaching in acidic environment. PH 2.5 Pyrite Circuit: Standard concentrate flotation after neutralisation and polishing grind to p80 75um. PH 5.5 Gold Circuit: Gold extraction from both pyrite leach and tail by s
Slide 8: Pyrite Concentrate
Sulphuric Acid Use2 Pyrite Concentrate 5% 6% • Four year offtake agreement up to 225,000 tpa with Talana Limited1 For personal use only 10% • US$ 80/t FOB Port of Gladstone 50% • Pyrite concentrate is primarily used for roasting to make sulphuric acid, world consuming +260mtpa of sulphuric acid with
Slide 9: Copper Sulphate
Copper Sulphate For personal use only • Three year offtake agreement up to 5,000tpa with Swancorp Pty Ltd1, 25% Cu at LME copper price plus $500/t premium • Swancorp is Queensland based supply specialists for stock feed additives, elemental sulphur, fertilizer products and horticulture • Copper sulp
Slide 10: Point of difference
Point of difference All – In Sustaining Cost, Australian producing mines & developers1 For personal use only PRODUCING MINES DEVELOPING MINES DFS Targeting $1,400 $1,400 $1,200 $1,200 Low end peer competitive AISC $/Au oz, no crushing, multiple $1,000 $1,000 leaching stages & $800 $800 cheap surface
Slide 11: And...
And… For personal use only • At Mount Morgan, Carbine and GR Engineering have entered into a strategic partnership including the awarding of the DFS and a MOU for development including direct investment1 • Carbine has signed a Letter of Intent with Port of Gladstone for export of pyrite concentrate2
Slide 12: Summary
Summary For personal use only New board and management team with extensive mine building experience Aiming to commence production of a long life and high margin project in 2017 Significant project support & major investment from GR Engineering Strong Queensland government and community suppo
Slide 13: Thank You
Thank You For personal use only For further information: Investors Tony James – Carbine Resources +61 8 6142 0986 Media Paul Armstrong – Read Corporate +61 8 9388 1474 13
Slide 14: Appendix A – Mineral Resources
Appendix A – Mineral Resources JORC 2012 Mineral Resource Table (reported at a 0.00g/t cut-off) For personal use only Area Type Category Tonnage Gold Gold Copper Copper Silver Silver Sulphur Pyrite Equiv. (Mt) (g/t) (Koz) (%) Metal (t) (g/t) Metal (kg) (%) (wt %) No 2 Mill Sulphide Indicated 2.71 1.
Slide 15: Appendix B – Exploration Target
Appendix B – Exploration Target For personal use only EXPLORATION TARGET TONNES (kt) GOLD (g/t) COPPER (%) GOLD (koz) COPPER (kt) Tailings Dumps (low range) 2,900 1.45 0.13 135 4 (high range) 3,280 1.66 0.18 175 6 Mullock Dumps (low range) 1,750 1.69 0.11 95 2 (high range) 2,500 2.00 0.15 162 4 Meta
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