Carbine Resources Limited · ASX:CRB
Carbine Resources — Investor Presentation (December 2017)
21 slides from Carbine Resources's investor presentation, Dec 5, 2017
Slide 1: Mount Morgan Gold Project
MOUNT MORGAN MOUNT MORGAN GOLD PROJECT GOLD PROJECT DECEMBER 2017 For personal use only LONG LIFE PROJECT I SHORT TERM PAYBACK I COMMUNITY AND ENVIRONMENT ENHANCEMENT
Slide 2: A Vision of Opportunity
MOUNT MORGAN GOLD PROJECT For personal use only A VISION OF OPPORTUNITY I A LONG LIFE PROJECT WITH SIGNIFICANT COMMUNITY AND ENVIRONMENTAL BENEFIT 2
Slide 3: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER MOUNT MORGAN GOLD PROJECT SUMMARY INFORMATION AND DISCLAIMER REGARDING EXPLORATION TARGETS For personal use only NOT AN OFFER FORWARD LOOKING It is common practice for a company to comment on and discuss its exploration in terms of target size and type. Carbine T
Slide 4: Carbine Resources: Capital Structure, Board & Management
CARBINE RESOURCES (ASX:CRB) MOUNT MORGAN GOLD PROJECT CAPITAL STRUCTURE BOARD & MANAGEMENT For personal use only Chairman John Fitzgerald ASX Code CRB Managing Director Anthony (Tony) James Shares on issue 200 Million Director Graham Brock Share Price 6.9 cents1 Director Evan Cranston Unlisted Optio
Slide 5: For personal use only
MOUNT MORGAN GOLD PROJECT MOUNT MORGAN GOLD PROJECT 1. MOUNT MORGAN GOLD PROJECT IN CENTRAL QUEENSLAND. For personal use only THE PROJECT SITS ADJACENT TO THE MOUNT MORGAN TOWNSHIP WITH WELL ESTABLISHED INFRASTRUCTURE 2. CARBINE FEASIBILITY STUDY COMPLETED IN DECEMBER 2016 ON THE TAILINGS RETREATMEN
Slide 6: Mount Morgan Project Status
MOUNT MORGAN PROJECT STATUS MOUNT MORGAN GOLD PROJECT 2016 CLEANSED RESOURCE & TECHNICAL DATA (2016) For personal use only MAIDEN ORE RESERVE (JORC 2012 – DECEMBER 2016)1 LONG LIFE, SHORT PAYBACK FEASIBILITY STUDY (DECEMBER 2016)1 2017 WORK RAGING BULL OPTION EXTENSION TO MARCH 2018 AGREED (March &
Slide 7: Carbine Journey & Spend Since 2014
CARBINE JOURNEY & SPEND SINCE 2014 For personal use only MOUNT MORGAN GOLD PROJECT 2014 - CARBINE PROJECT ENTRY SCOPING STUDY 2015 PRE FEASIBILITY STUDY (PFS) – COMPANY SPEND BY END OF 2015 WAS $3.8M 2016 - COMPLETED DEFINITIVE FEASIBILITY STUDY (DFS) DELIVERS ROBUST PROJECT WITH EXPECTED Q2 2
Slide 8: EA Amendment Application Ongoing
EA AMENDMENT APPLICATION ONGOING - (APPROVED IN 2010) MOUNT MORGAN GOLD PROJECT 1. EA AMENDMENT APPLICATION TO BE FINALISED (DEHP) For personal use only MOVING THE PROCESSING PLANT TO SANDSTONE GULLY IMPORTANT NOTE ON PICTURE BELOW: THIS PICTURE SHOWS THREE PHOTOGRAPHS TAKEN REVISED TAILINGS STO
Slide 9: FEED (Front End Engineering & Design)
FEED (FRONT END ENGINEERING & DESIGN) MOUNT MORGAN GOLD PROJECT 1. PLANT SITE GEOTECHNICAL (GRES) For personal use only COMPLETED FOUNDATION DRILLING AND TEST PITS 2. DEMONSTRATION PLANT TEST WORK COMPLETE1 CONFIRMS FLOW SHEET WILL DELIVER TECHNICAL AND ECONOMIC OUTCOMES ACHIEVED IN THE DFS VA
Slide 10: Copper RIP Demonstration
MOUNT MORGAN GOLD PROJECT For personal use only BATCH TESTING COPPER LOADED RESIN PYRITE FLOTATION COPPER RIP DEMONSTRATION 10 COPPER STRIPPING FROM RESIN
Slide 11: Processing and Metallurgy Solution
PROCESSING AND METALLURGY SOLUTION MOUNT MORGAN GOLD PROJECT THREE STREAM PROCESSING FACILITY For personal use only PRODUCING COPPER SULPHATE, UNROASTED PREMIUM IRON PYRITE AND GOLD COPPER RESIN LOADING (RIP) PYRITE CONCENTRATE FLOTATION GOLD CARBON LEACHING (CIL) METAL MUNDIC NO 2 MILL RED OX
Slide 12: Feasibility Study – Key Results
FEASIBILITY STUDY – KEY RESULTS MOUNT MORGAN GOLD PROJECT 1. LONG LIFE PROJECT (1.1MTPA THROUGHPUT) For personal use only 9.5 YEAR BASE CASE1 20 YEAR EXPANDED CASE1 2. LOW COST - AISC2 OF A$549/AU OZ 3. SHORT TERM PAYBACK - 2 YEAR PAYBACK 4. PRE-PRODUCTION CAPITAL3 OF A$85M, WHICH INCLUDES PRO
Slide 13: 20 Year Expanded Case
20 YEAR EXPANDED CASE MOUNT MORGAN GOLD PROJECT 1. 20 YEAR PROJECT IS AN EXTENSION TO For personal use only ORE RESERVE (“BASE CASE”) 2. EXPANDED CASE - 22MT @ 1.6G/T AUEQ1, (0.9G/T AU, 0.12% CU, 21% PYRITE) First 9.5 years – “Base Case”, Ore Reserve +9.5 years to achieve 20 years expansion (sam
Slide 14: Pyrite Offtake
PYRITE OFFTAKE MOUNT MORGAN GOLD PROJECT 1. BINDING OFFTAKE For personal use only • CARBINE SIGNS KEY CHINESE OFFTAKE WITH IKING INTERNATIONAL LIMITED (Please refer announcement ASX: 2 August 2017) • CARBINE APPOINT PYRITE MARKETING SPECIALIST • LOI’s RECEIVED FROM END USERS FOLLOWING TESTWORK 7 2.
Slide 15: For personal use only
“The Queensland Government is committed to advancing key projects to support jobs and regional growth. Queensland’s MOUNT MORGAN GOLD PROJECT mining sector is an economic mainstay and its capability to deliver innovation in rehabilitation and remediation is a major opportunity for the state. On that
Slide 16: Project Summary
PROJECT SUMMARY MOUNT MORGAN GOLD PROJECT 1. LONG LIFE PROJECT / SHORT TERM PAYBACK1 For personal use only 9.5 YEAR ORE RESERVE BASE CASE & 20 YEAR EXPANDED CASE $549/AU OUNCE AISC (BIPRODUCT CREDITS) & 2 YEAR PAYBACK PERIOD PEAK AT 60OZS AUEQ ANNUAL PRODUCTION BINDING PYRITE OFFTAKE AGREEME
Slide 17: Additional Information
MOUNT MORGAN GOLD PROJECT MOUNT MORGAN GOLD PROJECT For personal use only ADDITIONAL INFORMATION 17
Slide 18: Appendix A - Key Results
APPENDIX A - KEY RESULTS MOUNT MORGAN GOLD PROJECT EXPANDED CASE – DESCRIPTION FS BASE CASE EXPANDED CASE For personal use only MINING Ore Reserve (Mt) 9.9 9.9 CAUTIONARY STATEMENT Additional Material – Expanded Case (Mt) 0 12.5 Ore Reserve + Additional Material (Mt) 9.9 22.4 The expanded case refer
Slide 19: Appendix B – Competent Person Statement
APPENDIX B – COMPETENT PERSON STATEMENT MOUNT MORGAN GOLD PROJECT The information in this report that relates to Exploration Targets, Exploration Results and the Inferred Mineral information or data that materially affects the information included in the original market announcements and, in the Res
Slide 20: Appendix D – Exploration Target
APPENDIX D – EXPLORATION TARGET MOUNT MORGAN GOLD PROJECT EXPLORATION TARGET TABLE (ASX:30 AUGUST 2016). The potential quality and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral For personal use only Resource and it is uncertain
Slide 21: Appendix F – Metal Equivalents
APPENDIX F – METAL EQUIVALENTS MOUNT MORGAN GOLD PROJECT BOTH AUEQ (G/T) AND PYRITEEQ (WT%) HAVE BEEN USED IN THIS ANNOUNCEMENT. AuEq was calculated for each ore source based on the different metallurgical recoveries associated with those ore sources. A combined Total AuEq was also determined for re
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