Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Shareholder Meeting (November 2018)
25 slides from Black Cat Syndicate's shareholder meeting presentation, Nov 27, 2018
Slide 1: AGM Chair Address and Presentation
AGM Chair Address and Presentation ASX Announcement 27 November 2018 Annual General Meeting – Chair Address It is with pleasure that I welcome you to the first annual general meeting of Black Cat Syndicate Limited. I believe Black Cat offers the following opportunity to investors: • We have a tight
Slide 2: AGM Chair Address and Presentation
AGM Chair Address and Presentation • Early Targets: we are efficiently evaluating and prioritising more conceptual targets to ensure that scale opportunities are not overlooked. We are drilling high priority targets across these various stages to ensure that we understand the breadth of the opportun
Slide 3: Annual General Meeting
ANNUAL GENERAL MEETING Gareth Solly - Managing Director ASX | BC8
Slide 4: Disclaimer and Disclosure
Disclaimer and Disclosure Disclaimer This presentation includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. Although Black Cat Syndicate
Slide 5: BC8 – The Road to Rediscovery
BC8 – The Road to Rediscovery 1. The Opportunity – Historically Significant and Underexplored 2. The Progress – Measured, Scientific, Systematic Exploration 3. The Plan – Resource Growth and Development Opportunity ASX:BC8 3 3
Slide 6: The Opportunity – Location, Location, Location
The Opportunity – Location, Location, Location • Proven gold region 25km east of Kalgoorlie • Under-explored granite-greenstone belt hosting Daisy Milano, Cannon, Penny’s Find and Majestic gold mines • Excellent infrastructure – sealed road – mains power – water pipeline – five regional tolling mill
Slide 7: The Opportunity – Historically Significant and Then Forgotten
The Opportunity – Historically Significant and Then Forgotten… • Pre-WW1 mining - ~152k oz @ > 1 oz/t Au • Dormant for most of the 20th Century • Exploration commenced late in the 20th Century • Fractured ownership limited potential • Focus on shallow drilling for open pit mineralisation • Recent ow
Slide 8: The Opportunity – Money in the Bank, Strong Team, Tight Structure
The Opportunity – Money in the Bank, Strong Team, Tight Structure Black Cat Syndicate (ASX: BC8) Board of Directors and Key Management Share Price (26 November 2018) $ 0.15 Paul Chapman Non Executive Chairman B.Comm, ACA, Grad. Dip. Tax, MAICD, MAusIMM Shares on Issue 57.3 M Gareth Solly Managing Di
Slide 9: The Opportunity – Focused Strategy to Development
The Opportunity – Focused Strategy to Development • Scale Potential - Define and grow resources from multiple deposits • Staged approach with a disciplined strategy aimed at building JORC Resources: – Advanced Targets: progress more mature targets to define JORC Resources and economic deposits – Que
Slide 10: BC8 – The Road to Rediscovery
BC8 – The Road to Rediscovery 1. The Opportunity – Historically Significant and Underexplored 2. The Progress – Measured, Scientific, Systematic Exploration 3. The Plan – Resource Growth and Development Opportunity ASX:BC8 8 8
Slide 11: The Progress – Measured and Methodical
The Progress – Measured and Methodical • Reprocessing of legacy datasets • First ever 3D model over leases • Field mapping and outcrop sampling • Collection of new geophysical data • Ranking of targets • Systematic drill testing of key prospects TMI 1VD Contoured Gold in Soil ASX:BC8 9
Slide 12: The Progress – Measured and Methodical
The Progress – Measured and Methodical • Pre-IPO budget - 17,000m RC drilling @ ~$81/m • Current status^ - 20,852m RC drilling @ ~$32/m • Also 3,015m of diamond drilling completed (EIS co-funded) • Discovery of two new gold lodes: – Boundary South – Myhree • Progression of targets from: – Early to E
Slide 13: The Progress – Three Main Corridors
The Progress – Three Main Corridors • Southern targets sit within structural-stratigraphic corridors • Queen Margaret Corridor (+5km long) – focus of historic mining – significant soil anomalism – shallow cover and sub-cropping rocks • Myhree-Boundary Corridor (+1.4km long) – sporadic shallow shafts
Slide 14: Queen Margaret Corridor – The Historic Focus
Queen Margaret Corridor – The Historic Focus • Over 500 shafts along 5km corridor - very little cover • Pre-WW1 mining produced >152k oz @ >1 oz/t Au - limited by offsetting faults and lack of manpower • Focus of shallow drilling • Systematic RC drilling demonstrates potential for multiple shallow d
Slide 15: Queen Margaret Mine – The Historic Focus
Queen Margaret Mine – The Historic Focus • Previous drilling - 400m of mineralised strike, including – 2m @ 34.84 g/t Au from 48m** – 7m @ 8.75 g/t Au from 48m** – 8m @ 4.16 g/t Au from 39m** – 1m @ 27.0 g/t Au from 31m** • 2018 drilling - 118 holes (av. depth of ~74m) for 8,699m • New results1 are
Slide 16: Queen Margaret Mine – The Historic Focus
Queen Margaret Mine – The Historic Focus ASX:BC8 14
Slide 17: Myhree-Boundary Corridor – Early Days, Excellent Potential for Growth
Myhree-Boundary Corridor – Early Days, Excellent Potential for Growth • +1.4km long corridor with negligible historic mining – no outcrop • Minimal shallow drilling - historic RAB lines all show anomalism • Soils, effective tool - discovery of both Boundary and Myhree • 300m+ mineralised strike at B
Slide 18: Myhree-Boundary Corridor – Room to Grow at Boundary
Myhree-Boundary Corridor – Room to Grow at Boundary • Previous drilling - 140m of mineralised strike, including – 11m @ 6.99 g/t Au from 38m** – 6m @ 11.11 g/t Au from 34m** – 21m @ 2.72 g/t Au from 41m** • 2018 drilling - 23 holes (av. depth of 113m) for 2,598m • New results1 show depth potential r
Slide 19: Myhree-Boundary Corridor – Room to Grow at Boundary
Myhree-Boundary Corridor – Room to Grow at Boundary ASX:BC8 17
Slide 20: Myhree-Boundary Corridor – Emerging Prospect at Myhree
Myhree-Boundary Corridor – Emerging Prospect at Myhree • 2018 drilling - 15 holes (av. depth of 68m) for 1,027m OPEN • New results1 are excellent in an area with little previous work – 5m @ 4.14 g/t Au from 7m – 1m @ 36.9 g/t Au from 14m – 11m @ 8.30 g/t Au from 28m – 2m @ 9.63 g/t Au from 119m • Hi
Slide 21: Trump Corridor – Grossly Underexplored
Trump Corridor – Grossly Underexplored • Previous drilling – around historic workings, including – 3m @ 14.17 g/t Au from 57m** – 1m @ 15.20 g/t Au from 40m** • Lease boundaries impacted previous explorers • 2018 drilling - 15 holes (av. depth of 70m) for 1,054m • New results1 show previous drilling
Slide 22: BC8 – The Road to Rediscovery
BC8 – The Road to Rediscovery 1. The Opportunity – Historically Significant and Underexplored 2. The Progress – Measured, Scientific, Systematic Exploration 3. The Plan – Resource Growth and Development Opportunity ASX:BC8 20 20
Slide 23: The Plan – Building Momentum
The Plan – Building Momentum Queen Margaret Corridor Drilling Sep Qtr 2018 Dec Qtr 2018 Mar Qtr 2019 Jun Qtr 2019 RC Drilling (along Corridor) ✓ ✓ * DD Drilling (Queen Margaret, Melbourne United, Strathfield) ✓ ✓ * Myhree-Boundary Corridor Drilling RC Drilling (Boundary and Myhree) ✓ ✓ * DD Drilling
Slide 24: BC8 – Opportunity
BC8 – Opportunity • Tight capital structure and well funded • Strong news flow - actively drilling three mineralised corridors • Scale potential - resource growth from multiple deposits • Excellent location - close to mills and workforce • Experienced team - can transition from exploration to produc
Slide 25: Connect With Us
Connect With Us 6/16 Nicholson Road, Subiaco WA 6008 PO Box 572, Floreat WA 6014 Tel: +61 (0) 458 007 713 Email: admin@blackcatsyndicate.com.au ABN: 63 620 896 282 www.blackcatsyndicate.com.au Twitter: @blackcatsyn8 Facebook: @blackcatsyn8 ASX:BC8 23
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