Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — RIU Explorers Conference 2017
16 slides from Capricorn Metals's conference presentation, Feb 23, 2017
Slide 1: RIU Explorers Conference Karlawinda Gold Project
RIU EXPLORERS CONFERENCE KARLAWINDA GOLD PROJECT A rare opportunity in the WA gold sector ASX Code: CMM 23rd February 2017 Fremantle, Western Australia ABN 841 21 700 105 www.capmetals.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement CAUTIONARY STATEMENT – FORWARD LOOKING STATEMENTS This announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current future events and results. Where the
Slide 3: A rare opportunity in WA gold sector
A rare opportunity in WA gold sector A large, simple development and growth opportunity Large scale un-mined ~1 million ounce gold resource Expected high conversion rate into Reserves Clear development pathway: Simple open pit Simple metallurgy Simple, near-term pathway to production and cash-flow F
Slide 4: Corporate Overview
Corporate Overview Expertise driving value Corporate Information (pre‐placement) Board of Directors ASX Code CMM Guy Le Clezio Non‐Executive Chairman (World Titanium Resources / Eyres Reed) Shares on Issue 486m Peter Thompson Managing Director Share Price as at 23rd February 2017 11c (WMC / St Barba
Slide 5: Karlawinda: back to the future in WA gold
Karlawinda: “back to the future” in WA gold A straightforward gold project like dozens in the 1980s KEY PROJECT ATTRIBUTES: • 100% ownership • Low risk jurisdiction • Tier 1 location: 60km from Newman • Granted Mining Lease • Native Title Agreement • Environmental framework understood • World‐class
Slide 6: Counting down to Karlawinda
Counting down to Karlawinda Rapid Progress MAJOR PROJECT BENCHMARKS ‐ ACHIEVED February 2016 Project acquired and initial funding secured June 2016 Resource expanded to 914,000oz following initial drilling July 2016 Positive Scoping study complete August 2016 Definitive Feasibility Study commenced N
Slide 7: Bibra Gold Deposit
Bibra Gold Deposit Simple, predictable shear hosted mineralised system • Large, Archaean mineralised system • 1.1km strike length • Drilled 800m down‐dip: remains open • Broad shear zones up to 50m wide – strong high grade component • Large laterite deposit near surface
Slide 8: Bibra Gold Deposit
Bibra Gold Deposit Simple, predictable shear hosted mineralised system • Large, Archaean mineralised system • 1.1km strike length • Drilled 800m down‐dip: remains open • Broad shear zones up to 50m wide – strong high grade component • Large laterite deposit near surface
Slide 9: Bibra Gold Deposit: Low risk understanding
Bibra Gold Deposit Low risk understanding: Large, quality datasets • Drill spacing 25 x 25m and 25 x 50m • 909 reverse circulation drill holes: 130,086 metres • 83 resource diamond holes: 123,731 • 41 metallurgical holes: 6,234 metres • 5 geotechnical diamond holes: 1,115 metres
Slide 10: Bibra Gold Deposit Resource Upgrade
Bibra Gold Deposit Resource Upgrade June 2016 Inferred Resource Laterite Domain 2.1 million tonnes @ 1.3g/t for 85,000oz Oxide & Transitional Domain 5.8 million tonnes @ 1.1g/t for 200,000oz Fresh Domain 17.6 million tonnes @ 1.1g/t for 629,000oz • TOTAL INFERRED RESOURCE: 25.5 million tonnes @ 1.1g
Slide 11: Bibra Gold Deposit Resource Upgrade
Bibra Gold Deposit Resource Upgrade June 2016 Inferred Resource Laterite Domain 2.1 million tonnes @ 1.3g/t for 85,000oz Oxide & Transitional Domain 5.8 million tonnes @ 1.1g/t for 200,000oz Fresh Domain 17.6 million tonnes @ 1.1g/t for 629,000oz • TOTAL INFERRED RESOURCE: 25.5 million tonnes @ 1.1g
Slide 12: Anatomy of the High Grade Zones
Bibra Gold Deposit Anatomy of the Bibra Gold Deposit HIGH GRADE ZONES LATERITE DOMAIN • Consistent thick zones of shear zone hosted mineralisation • Delineated over 1.1km by 500m • Multiple stacked lodes • Thickness up to 21m • Strong high grade component: • Robust high‐grade core • 13 metres @ 3.3g
Slide 13: Mining and Processing
Bibra Gold Deposit Mining and Processing Starter Pit Depth: 130m Final Pit Depth: 220m MINING STUDIES PROCESSING STUDIES • Large‐scale, staged open pits • Simple metallurgy: • Conventional CIL processing • Early robust cash flows • Preliminary results: 91‐93% recoveries • 30% gravity recoverable • A
Slide 14: Major Resource Expansion Opportunity
Major Resource Expansion Opportunity Massive potential for major new discovery
Slide 15: Major Resource Expansion Opportunity
Major Resource Expansion Opportunity How big is the gold system? EASKEY TREND PORTRUSH TREND KBRC019: 12m @ 1.5g/t Au KBRC366: 11m @ 1.00g/t Au KBRC570: 8m @ 2.6g/t Au KBRC367: 7m @ 1.40g/t Au KBRC150: 7m @ 1.3g/t Au KBAC377: 8m @ 1.15g/t Au KBAC389: 10m @ 1.5g/t Au KBRC150: 17m @ 1.00g/t Au KBRC071
Slide 16: Karlawinda Gold Project
KARLAWINDA GOLD PROJECT A rare opportunity in the WA gold sector Simple well understood WA gold project Disciplined, high-quality work: major de-risking of project Clear development path and timing: DFS: Mid-year 2017 Project Funding: End 2017 Commence Construction: End 2017 Fully-funded to decision