Carbine Resources Limited · ASX:CRB
Carbine Resources — Investor Presentation (February 2016)
16 slides from Carbine Resources's investor presentation, Feb 2, 2016
Slide 1: Mount Morgan Gold & Copper Project Investor Presentation
For personal use only Mount Morgan Gold & Copper Project Investor Presentation: Progressing Final Feasibility & Drilling for JORC Upgrade Februar y 2016
Slide 2: Disclaimer
DISCLAIMER For personal use only Mineral Resources The Indicated and Inferred Resources referred to in this presentation were presented by Norton Gold Fields Limited at the Mining 2009 Resource Convention (Brisbane). The presentation was released to the ASX on 28 October 2009 and is available for vi
Slide 3: Carbine Snapshot
CARBINE SNAPSHOT Experienced board & management, quality major shareholders For personal use only Share Price History Board & Management 0.09 2,500 Patrick Walta Executive Director 0.08 2,000 Evan Cranston NED 0.07 Volume ('000s) Share Price 0.06 1,500 Tom Bahen NED 0.05 1,000 Stephen Dobson NED 0.0
Slide 4: Mount Morgan Mine Overview
MOUNT MORGAN MINE Overview For personal use only Historic QLD gold mine - close proximity to infrastructure, cities, ports & rail Primary deposit mined for ~100 years (8.4Moz Gold, 400kt Copper) Mineralised Tailings: ~40Mt deposited on site Environmental legacy 100% owned by QLD government
Slide 5: Mining History
MINING HISTORY No operations for 25 years (gold <A$450/oz <A$450/oz at last production) For personal use only Closure of open pit Shutdown of tailings QLD Gov. accepts enviro. Perilya transfers Acquired by Norton Acquired by mining operations re-treatment plant liability ownership licences to Moonra
Slide 6: Significant Resource Base
SIGNFICANT RESOURCE BASE Tailings resource: Deposit at surface, already crushed & ground For personal use only Resources Tonnes Au (g/t) Cu (%) Au (oz) Cu (t) JORC RESOURCES 8.4 Mt 1.23 0.15% 329,000 12,300 NON-JORC HIGH GRADE RESOURCES Low 4.7 Mt 1.54 0.12% 231,000 5,700 (Exploration Target)* High
Slide 7: Process Flowsheet
PROCESS FLOWSHEET Metal Recovery Carbine PFS Multiple by- by-products = low all- all-in sustaining costs Gold 76% For personal use only Pyrite 90% Copper 68%
Slide 8: Pre-Feasibility Study Results
PRE-FEASIBILTY STUDY RESULTS Completed by GR Engineering For personal use only Production Parameters Value Notes Mine Life (minimum) 8 years JORC resources only (<30% of known mineralisation) Annual Throughput 1,000,000 t/yr Based on available JORC resources 31,200 oz/yr Gold Average Production 3,20
Slide 9: All-In Sustaining Costs
ALL-IN SUSTAINING COSTS Projected US$866/oz US$866/oz (A$1,230/oz (A$1,230/oz) oz) operating margin only 1200 US$1100/oz Current Gold Price use 1000 US$680/oz 800 Operating Costs For personal (No By-product Credits) 600 US$653/oz US$/oz All-in Sustaining Costs 400 (Copper Credits Only) US$234/oz 200
Slide 10: Secured By-Product Offtakes
SECURED BY-PRODUCT OFFTAKES Pyrite & copper underpin low cost operation For personal use only Pyrite Concentrate Four year contract – up to 225,000tpa Sale price: US$80/t FOB Gladstone Port Mount Morgan Pyrite 90% payment at mine gate, letter of credit terms Revenue base of up to ~A$25 Million per a
Slide 11: Mine Water Treatment
MINE WATER TREATMENT Immediate site cashflow generation For personal use only Long term service agreement to operate existing site water treatment plant 10 year contract – treating up to 500ML per annum (revenue of $2,500/ML before costs) Targeting further improvement in volume and quality of discha
Slide 12: Strategic Partnership
STRATEGIC PARTNERSHIP GR Engineering now Carbine’s largest shareholder For personal use only Alliance with GR Engineering for future mine development Dec 2015: Binding MOU with GR Engineering Services Limited (ASX: GNG) $750,000 placement: strong vote of confidence in Carbine’s development plans Lon
Slide 13: Mine Development Planning
MINE DEVELOPMENT PLANNING Final feasibility & financing process underway For personal use only Highlights 2014 2015 2016 2017 Timeline Confirmed US$234 AISC via Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 + independent PFS Scoping Study Binding pyrite offtake – A$25M p.a. revenue PFS Drilling Program Binding copp
Slide 14: Mount Morgan Summary
MOUNT MORGAN SUMMARY Value Proposition For personal use only Significant 8.4Mt JORC Resource base (<30% of known mineralisation on site) Resource Base Up to +1Moz Au & 80,000t Cu tailings resource Robust Project Projected All- All-In Sustaining Costs of US$234/oz US$234/oz for life of mine Economics
Slide 15: History Repeats…
HISTORY REPEATS… Using the success of the past in restarting operations For personal use only 1927 2016 (planned) Underground → Open Pit Operaons Primary Ore → Tailings Operaons Gold production main focus Gold production main focus Initial revenue via copper cement production Initial revenue via cop
Slide 16: Contact
For personal use only Contact Patrick Walta Executive Director Ph: Ph: +61 8 6142 0986 Carbine Resources Limited Suite 23 513 Hay Street Subiaco WA 6008 Unlocking significant metal value left behind after 100+ years of operations
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