Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Investor Presentation (February 2016)
21 slides from Capricorn Metals's investor presentation, February 2016
Slide 1: Building a Significant Australian Gold Company
Building a Significant ASX Code: CMM Australian Gold Company Investor Presentation – February 2016 ABN 84 121 700 105 www.capmetals.com.au
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement This presentation contains only a brief overview of Capricorn Metals Limited and its associated entities (“CAPRICORN or CMM") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of CMM’ p
Slide 3: A Significant New Australian Gold Company
A Significant New Australian Gold Company
Slide 4: Repositioned and Focusing on WA Gold
Repositioned and Focusing on WA Gold COMPANY SNAPSHOT Acquisition of the Karlawinda Gold Project via a merger with unlisted Greenmount Resources Pty Ltd Merger completed Feb 3, 2016 – issue of 172m shares 650,000oz JORC compliant inferred resource Clear, accelerated route to production $12m spent to
Slide 5: Repositioned and Focusing on WA Gold
Repositioned and Focusing on WA Gold COMPANY SNAPSHOT Merger completed Feb 3, 2016: Issue of 172m shares to Greenmount Resources Pty Ltd Total 389m shares on issue Cash at hand - $1.8m Ongoing funding via Madagascar asset sale Fully funded resource expansion drilling commences early March Scoping St
Slide 6: Corporate Overview
Corporate Overview Board of Directors Guy Le Clezio Non-Executive Chairman (World Titanium Resources / Eyres Reed) Corporate Information Peter Thompson Managing Director (St Barbara / Jubilee / Anaconda) ASX Code CMM Heath Hellewell Non-Executive Director Shares 389m (Doray / IGO / Resolute) Share P
Slide 7: Karlawinda Gold Project – Forgotten Opportunity
Karlawinda Gold Project – “Forgotten Opportunity” Gold discovered at Francopan by WMC in 2005 while exploring for Ni/Cu mineralisation – no dedicated gold exploration Geology map showing IGO acquired the project from BHPB (following Pilbara Gold deposits and WMC takeover) in 2008 for $4m plutonic Bi
Slide 8: Karlawinda Gold Project – Forgotten Opportunity
Karlawinda Gold Project – “Forgotten Opportunity” Greenmount Resources Sale Agreement negotiated and signed 18th August 2015 Initial cash payment made 15th September 2015 (Project tenements transferred to Greenmount) Final payment of $1.5m due 18th August 2016 BHPB Royalty: 2% Net Smelter Return BHP
Slide 9: Karlawinda Gold Project – Key Metrics
Karlawinda Gold Project – Key Metrics 60km from premier WA mining town Newman Major infrastructure: sealed roads, airport, gas pipeline Comprehensive mining services Bibra
Slide 10: Karlawinda Gold Project – Key Metrics
Karlawinda Gold Project – Key Metrics 60km from premier WA mining town Major infrastructure: sealed roads, airport, gas pipeline Comprehensive mining services Bibra Deposit: “Virgin” resource with no legacy issues Mineralisation starts near surface / Flat dipping geometry / Low stripping ratio (4:1)
Slide 11: Karlawinda Gold Project – Key Metrics
Karlawinda Gold Project – Key Metrics JORC Compliant Inferred Resource* 18mt @ 1.1g/t Au for 650,880oz gold to a depth of 230m Resource lies within much larger mineralised envelope Early drill opportunity to significantly expand in-pit resource Mineralisation Type Tonnes (Mt) Au (g/t) Cut Ounces Lat
Slide 12: Karlawinda Gold Project – Key Metrics
Karlawinda Gold Project – Key Metrics Quality Scoping Study activities well advanced: Approximately $12m spent to date Resource Estimation (Optiro): Largely drilled to 50 x 50m spacing 43 diamond drill holes (5373.8m) 266 reverse circulation drill holes (42,564m) Mining studies (Cube Consulting): In
Slide 13: Karlawinda Gold Project – Key Metrics
Karlawinda Gold Project – Key Metrics Metallurgy (GR Engineering & SGS Lakefield Oretest) Free-milling, good recoveries Geotechnical (Peter O’Bryan & Associates) Process plant design (GR Engineering) Hydrology (Rockwater) Archaeological and ethnographic (Terra Rosa) Conceptual site layout Environmen
Slide 14: Strategy & Activities – In-Pit Resource Expansion
Strategy & Activities – “In-Pit” Resource Expansion Bibra Gold Deposit Expand in-pit resources: 8000m RC drilling program (48 holes) All statutory approvals in place No heritage or environmental issues Drilling and laboratory contracts awarded Major opportunity to increase inferred resources within
Slide 15: Strategy & Activities – In-Pit Resource Expansion
Strategy & Activities – “In-Pit” Resource Expansion Bibra Gold Deposit Expand in-pit resources: 8000m RC drilling program (48 holes) All statutory approvals in place No heritage or environmental issues Drilling and laboratory contracts awarded Resource expansion drilling Major opportunity to increas
Slide 16: Strategy & Activities – Resource Extension
Strategy & Activities – Resource Extension Bibra Gold Deposit Opportunity for major extensions to Bibra Deposit: Plans target will Along strike: Near-surface opportunities be completed Down-dip: Immediate extensions when I have Down-dip: High-grade shoots identified micks plan At depth: Potential fo
Slide 17: Strategy & Activities – Exploration
Strategy & Activities – Exploration Regional Simple, consolidated, low-cost tenement package Large areas of Archaean greenstone under cover: Shallow recent transported sediments Bangemall Basin Comprehensive database for drill targeting: 36,000m aircore drilling Two high priority prospects: Francopa
Slide 18: Strategy & Activities – Exploration
Strategy & Activities – Exploration Regional Simple, consolidated, low-cost tenement package Large areas of Archaean greenstone Bibra Resource under cover: Shallow recent transported sediments Bangemall Basin K3 Prospect Comprehensive database for drill targeting: Francopan Prospect 36,000m aircore
Slide 19: Strategy & Activities – Exploration
Strategy & Activities – Exploration Francopan Prospect Original discovery by WMC Resources Limited wide spaced drilling Consistently mineralised: BIG SYSTEM? Broad mineralised zones with higher grade core: KBD025: 81m @ 1.2g/t Au. Includes: 7m @ 3.5g/t Au (1m @ 20.3g/t Au) 15m @ 3.0g/t Au 6m @ 3.1g/
Slide 20: Strategy & Activities – Exploration
Strategy & Activities – Exploration K3 Prospect Bibra Resource K3 Prospect Francopan Prospect
Slide 21: Summary
Summary Repositioned into quality WA gold opportunity Rapid pathway to production, risks well understood Resource expansion drilling program – 1 March 2016 Resource update, Scoping Study mid-2016 Initial funding in place – $1.5m placement and future asset sales Supportive cornerstone shareholders Ex
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