Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Euroz Rottnest Conference 2017
19 slides from Capricorn Metals's conference presentation, Mar 16, 2017
Slide 1: Preparing for Production at Karlawinda
PREPARING FOR PRODUCTION AT KARLAWINDA A rare opportunity in the WA gold sector Peter Langworthy Executive GM – Geology Euroz 2017 Rottnest Conference 16th March 2017 Definitive Feasibility Study by mid-2017 ● Fully-funded to decision to mine ● Significant upside on road to production
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s 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 expectations about future events a
Slide 3: A Rare Opportunity in the WA Gold Sector
A Rare Opportunity in the WA Gold Sector A simple, straightforward development and growth opportunity ► 100%-owned Karlawinda Gold Project ► Large scale un-mined ~1Moz gold resource ► Expected high conversion rate into Ore Reserves ► Targeting significant production profile from single, large open p
Slide 4: Corporate Overview
Corporate Overview A well‐funded WA gold company with strong backing Corporate Information ASX Code CMM Shares on Issue 541.8m Share Price as at 13th March 2017 13.5c Market Cap 13th March 2017 ~$73.1m Cash as at 31st December 2016 $1.73m (+$10m) Unlisted options 37m Shareholding Distribution (as at
Slide 5: Board and Management Restructure: Team to Deliver
Board and Management Restructure: Team to Deliver A strong team with extensive experience in developing and operating mid‐tier mining projects Board of Directors Management Team Peter Thompson – Chief Operating Officer Heath Hellewell – Executive Chairman • Geologist with extensive experience in gol
Slide 6: Karlawinda: "Back to the Future" in WA gold
Karlawinda: “Back to the Future” in WA gold A straightforward gold project like dozens in the 1980’s 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 7: Counting Down to Karlawinda
Counting Down to Karlawinda Rapid progress from project acquisition to the cusp of development 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 completed
Slide 8: Bibra Gold Deposit – A Rare Opportunity in WA Gold
Bibra Gold Deposit – A Rare Opportunity in WA Gold 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 surfa
Slide 9: Bibra Gold Deposit – A Rare Opportunity in WA Gold
Bibra Gold Deposit – A Rare Opportunity in WA Gold 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 surfa
Slide 10: Bibra Gold Deposit – De-Risked Following Major Drill Campaign
Bibra Gold Deposit – De‐Risked Following Major Drill Campaign Low‐risk development, well understood: large, quality datasets ► Drill spacing 25 x 25m and 25 x 50m ► 909 Reverse Circulation drill holes: 130,086m ► 83 resource diamond holes: 12,700m ► 17 metallurgical holes: 6,234m ► 5 geotechnical di
Slide 11: Bibra Gold Deposit – Resource Upgrade Imminent
Bibra Gold Deposit – Resource Upgrade Imminent Resource upgrade on track for completion by end‐March 2017 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 t
Slide 12: Bibra Gold Deposit – Strong Open Pit Gold Endowment
Bibra Gold Deposit – Strong Open Pit Gold Endowment Resource upgrade on track for completion by end‐March 2017 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 mill
Slide 13: Bibra Gold Deposit – Upside
Bibra Gold Deposit – Upside Project anatomy Laterite Domain High Grade Zones ► Delineated over 1.1km by 500m ► Consistent thick zones of shear zone hosted mineralisation ► Multiple stacked lodes ► Thickness up to 21m ► Strong high grade component: ► Robust high‐grade core ‐ 13 metres @ 3.3g/t Au ► R
Slide 14: Straightforward Mining and Processing
Straightforward Mining and Processing Mining and Processing Mining Studies Processing Studies ► Simple metallurgy: ► Significant production profile from single open pit source ‐ Conventional CIL processing ► Large‐scale, staged open pits ‐ Preliminary results: 91‐93% recoveries ► Early robust cash f
Slide 15: Major Resource Expansion Opportunity
Major Resource Expansion Opportunity Massive potential for a major new discovery Page: 15
Slide 16: Major Resource Expansion Opportunity
Major Resource Expansion Opportunity How big is the gold system? PORTRUSH TREND EASKEY TREND KBRC366: 11m @ 1.00g/t Au KBRC019: 12m @ 1.5g/t Au KBRC367: 7m @ 1.40g/t Au KBRC570: 8m @ 2.6g/t Au KBAC377: 8m @ 1.15g/t Au KBRC150: 7m @ 1.3g/t Au KBRC150: 17m @ 1.00g/t Au KBAC389: 10m @ 1.5g/t Au KBRC071
Slide 17: Capricorn Metals – Key Investment Takeaways
Capricorn Metals – Key Investment Takeaways A rare opportunity in the WA gold sector ► Simple, well-understood WA gold project ► Disciplined, high-quality work: major de-risking of project ► Substantial open pit production profile ► Clear development path and timing: ► DFS: Mid-year 2017 ► Project F
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Slide 19: Contact Details
CONTACT DETAILS: PETER LANGWORTHY – EGM, Geology ► Perth Office 15 Lovegrove Close, MOUNT CLAREMONT, WA 6010 T +61 8 9384 3284 / F +61 8 9284 3801 Page: 19