Caspin Resources Ltd. · ASX:CPN
Caspin Resources — Investor Presentation (September 2024)
17 slides from Caspin Resources's investor presentation, Sep 24, 2024
Slide 1: Bygoo Tin Project Acquisition
CASPIN RESOURCES LTD Bygoo Tin Project Acquisition 24 September 2024 Greg Miles, Managing Director ASX: CPN | www.caspin.com.au Icon Description automatically generated
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not
Slide 3: Bygoo Tin Project – A Unique Exploration Opportunity
Bygoo Tin Project – A Unique Exploration Opportunity Why we like it Demonstrated high-grade mineralisation ✓ Compares very favourably to other tin exploration and development projects in Australia An expansion of the exploration search space ✓ Multiple prospects and targets, open mineralisation,
Slide 4: Bygoo Tin Project – Leveraged to Escalating Demand
Bygoo Tin Project – Leveraged to Escalating Demand Strong commodity fundamentals • Tin is a high-value metal, currently trading ~US$31,700/t • Tin listed as a ‘Strategic Metal’ in Australia and importantly a ‘Critical Metal’ in the US, due to a lack of domestic supply • Approximately 50% of the tin
Slide 5: Bygoo Project Overview
Bygoo Project Overview In the heart of the Wagga Tin Granite Belt, NSW • Three granted exploration licenses covering 1,180km2 • Surrounds the old Ardlethan tin mine (excised), which was the largest tin mine on mainland Australia, producing 48kt Sn until 1986 Recent drilling has intersected high-gr
Slide 6: Multiple High-Grade Targets at Bygoo North
Multiple High-Grade Targets at Bygoo North With large gaps in the drill coverage • Main Zone, perpendicular to historical mining at the Dumbrells Pit 35m @ 2.10% Sn from 43m, incl 5m @ 6.00% Sn from 65m (BNRC011) 15m @ 1.42% Sn from 120m, incl 3m @ 3.44% Sn from 125m (BNRC013) 12m @ 1.92% Sn f
Slide 7: Bygoo North Prospect – Main & P380 Greisens
Bygoo North Prospect – Main & P380 Greisens High Grade Tin at Shallow Depths • Main & P380 - highest contained metal of all the Bygoo North Greisens • Excellent potential to extend mineralisation • Main Zone Cross Section 35m @ 2.10% Sn from 43m, incl 5m @ 6.00% Sn from 65m (BNRC011) 15m @ 1.42%
Slide 8: Bygoo North Prospect - Stewarts and Smiths Greisens
Bygoo North Prospect - Stewarts and Smiths Greisens • Northern and southern extents of 500m strike of high-grade greisens along granite contact • Very early stage of exploration, all mineralisation open • Stewarts 37m @ 0.63% Sn from 74m incl 4m @ 1.69% Sn from 88m (BNRC069) 25m @ 0.61% Sn from
Slide 9: Excellent Regional Potential
Excellent Regional Potential A full pipeline of greenfield to advanced prospects • Over 20km of eastern Ardlethan Granite contact to explore Historical workings indicate numerous tin occurrences along the contact • Example: Bald Hill Prospect Last drilled in 1979 Significant Sn intersected in
Slide 10: Highly Encouraging Mineralogy
Highly Encouraging Mineralogy Key to Economic Processing • Petrology performed on several thin sections from BNRC011: 35m @ 2.10% Sn (Main Zone) • Tin occurs as Cassiterite (SnO2) amongst dominantly quartz and lesser tourmaline and topaz Cassiterite is the only tin mineral that can be economically p
Slide 11: What is a Greisen?
What is a Greisen? A common host of tin mineralisation and associated metals • Greisen is a highly altered granitic rock, usually composed predominantly of quartz and micas, formed by hydrothermal fluids from the host granite. Common accessory minerals are topaz and tourmaline. • They typically occu
Slide 12: A Very Brief & Recent History Of The Tin Market
A Very Brief & Recent History Of The Tin Market Emerging from 40 years of struggle Chart source: tradingeconomics.com Now – expanding demand in Tin is the original TIN (USD/T) - 50 YEAR HISTORICAL PRICE new technology vs reducing ‘Critical Metal’ (Nominal) supply, partly due to a lack of Large sto
Slide 13: Transaction Details & Strategic Placement
Transaction Details & Strategic Placement Staged Option Agreement Reduces Up-front Risk The consideration payable by the Company to Syndicate is as follows: 1. An upfront payment of $100,000 on signing, providing Caspin with 3 months exclusivity; 2. Subject to exercise of the Option, the following c
Slide 14: Limited ASX Tin Exposure
Limited ASX Tin Exposure Caspin joins a small number of companies with primary tin assets1 $386M Market Cap (A$M) EV (A$M) $35M $32M $24M $19M $7M $204M $23M $23M $21M $17M $4M MLX 2 SRZ 3 CRI 4 SKY 5 ELT 6 CPN 7 Resource Grade (Sn %) 0.90% 1.04% 0.20% 0.15% 0.49% Resource Tonnes (Mt) 44.00 Mt 7.48
Slide 15: Corporate Overview
CORPORATE OVERVIEW Successful exploration, corporate and capital markets team LEADERSHIP TEAM PRO-FORMA CAPITAL STRUCTURE Currently on Issued in Up-front Offer Price $0.05 Pro-Forma issue Placement acq. cost Shares 94,265,665 32,000,0002 10,000,000 136,265,665 Unlisted Options 11,911,2871 - 10,000,0
Slide 16: Caspin's Investment Proposition
Caspin’s Investment Proposition • The Bygoo Project is an excellent opportunity to add value through exploration and discovery Recognition of high-grade tin mineralisation systems in a forgotten, but prolific tin region Limited exploration over the past four decades provides many pathways for su
Slide 17: Caspin Resources Limited
CASPIN RESOURCES LIMITED Ground Floor, 675 Murray Street West Perth, Western Australia 6005 T: +61 8 6373 2000 E: admin@caspin.com.au W: www.caspin.com.au ASX: CPN Icon FOLLOW US: Description automatically generated QR Receive news direct 26/03/24 to your inbox Subscribe on the Caspin website 17
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