Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Resources Rising Stars Conference 2016
31 slides from Capricorn Metals's conference presentation, May 24, 2016
Slide 1: Karlawinda Gold Project
KARLAWINDA GOLD PROJECT ASX Code: CMM Resources Rising Stars Conference 24-25th May 2016 ABN 841 21 700 105 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 CML") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of CML’ p
Slide 3: Sole Focus on WA Gold
Sole Focus on WA Gold COMPANY SNAPSHOT Karlawinda Gold Project is the single focus 650,000oz JORC compliant inferred resource at Bibra Clear, accelerated route to 2018 production $12m spent on scoping study activities Potential for camp-scale exploration success Assets in Madagascar being divested S
Slide 4: Corporate Overview
Corporate Overview Corporate Informa3on Board of Directors ASX Code CMM Guy Le Clezio Non-‐Execu;ve Chairman (World Titanium Resources / Eyres Reed) Shares on Issue 487m Peter Thompson Managing Director (St Barbara / Jubilee / Anaconda) Share Price as at 19 May 2016 12..5c Market Capitalisa;on as a
Slide 5: Karlawinda Gold Project
Karlawinda Gold Project Major Growth Project New gold province 120°0'0"E Telfer Group 122°0'0"E NULLAGINE 22°0'0"S 22°0'0"S Unexplored Archaean Greenstone Belt 3 Gold first discovered in 2005 (WMC) 3 3 AUSKI Large “Camp-Scale” exploration potential Advanced resource status NEWMAN JIGALONG MISSION Sy
Slide 6: Karlawinda Gold Project: Resource growth
Karlawinda Gold Project Major Growth Project Resource growth 120°0'0"E 122°0'0"E Telfer Group NULLAGINE 22°0'0"S 22°0'0"S 3 9,642m RC drilling program (47 holes) by CMM 3 Mineralisation in every hole 3 AUSKI Strong results first 37 holes reported Matching anticipated widths and grades New zones iden
Slide 7: Karlawinda Gold Project: Strategic Operational Advantages
Karlawinda Gold Project Major Growth Project Strategic Operational Advantages 120°0'0"E Telfer Group 122°0'0"E NULLAGINE 22°0'0"S 22°0'0"S 60km from premier WA mining centre 3 Major infrastructure 3 AUSKI 3 Geology map showing Sealed roads, airport (daily flights), mining services Pilbara Gold depos
Slide 8: Karlawinda Gold Project: Exploration and Funding
Karlawinda Gold Project Major Growth Project Exploration Near mine expansion opportunities Dedicated budget – targeting new deposits Large-scale, high-grade potential Funding Recent $12.6 million placement Cash $13m Ongoing sale of assets in Madagascar Funding to end of Feasibility Study
Slide 9: Bibra Gold Deposit
Bibra Gold Deposit Quality, large-scale open pit opportunity JORC Compliant Inferred Resource: 18 million tonnes @ 1.1g/t Au for 650,880oz “Virgin” resource with no legacy issues Mineralisation starts near surface: Laterite and oxide resource at surface Shallow dipping geometry Low stripping ratio (
Slide 10: Bibra Gold Deposit
Bibra Gold Deposit Quality, large-scale open pit opportunity JORC Compliant Inferred Resource* 18mt @ 1.1g/t Au for 650,880oz gold to a depth of 230m 240,300oz of near surface laterite and saprolite resource (top 65 metres) Resource lies within much larger mineralised envelope Early drilling sets ba
Slide 11: Bibra Resource – New drilling
Bibra Resource – New drilling Recently announced drilling results: (see ASX announcements: 13th and 22nd April 2016) KBRC 285: 9 metres @ 5.10g/t Au from 169m 21 metres @ 1.33g/t Au from 190m KBRC 284: 12 metres @ 1.00g/t Au from 162m 13 metres @ 1.02g/t Au from 176m KBRC 286: 15 metres @ 1.07g/t Au
Slide 12: Bibra Resource – New drilling
Bibra Resource – New drilling Recently announced drilling results: KBRC 299: 18 metres @ 1.10g/t Au from 129m 3 metres @ 1.33g/t Au from 163m KBRC 300: 11 metres @ 1.12g/t Au from 152m 2 metres @ 7.45g/t Au from 177m KBRC 305: 18 metres @ 1.06g/t Au from 133m KBRC 306: 15 metres @ 1.01g/t Au from 14
Slide 13: Bibra Resource – Hanging Wall Lodes
Bibra Resource – Hanging Wall Lodes
Slide 14: Bibra Resource
Bibra Resource Three main resource domains Current Inferred Resource Inferred resource 18,000,000 @ 1.1g/t Au for 650,800oz Defined by RC and diamond drilling – typically 50 x 50m Optimised pit utilises non-classified mineral envelope ONLY inferred resource within the pit reported Resource size with
Slide 15: Bibra Resource
Bibra Resource Three main resource domains Domain (1): Laterite and saprolite (oxide): 6,500,000 @ 1.1g/t Au for 240,300oz Over 1000m long and up to 500m wide From surface to a depth of approximately 65m Well defined by aircore and RC drilling Infill drilling required to classify as Measured and Ind
Slide 16: Bibra Resource
Bibra Resource Three main resource domains Domains (2 & 3): Main & Hanging Wall Lodes (fresh) New drilling (CMM) 11,500,000 @ 1.1g/t Au for 410,000oz MAIN LODES Resource currently defined over 700m of strike length and approximately 400m down dip Completed 47 hole (9,642m) RC drilling program aimed
Slide 17: Bibra Resource
Bibra Resource Three main resource domains Domains (2 & 3): Main & Hanging Wall Lodes (fresh) 11,500,000 @ 1.1g/t Au for 410,500oz MAIN LODES Resource currently defined over 700m of strike length and approximately 400m down dip Completed 47 hole (9,642m) RC drilling program aimed at extending resour
Slide 18: Bibra Resource
Bibra Resource Three main resource domains Domains (2 & 3): Main & Hanging Wall Lodes (fresh) 11,500,000 @ 1.1g/t Au for 410,000oz HANGING WALL LODES Resource currently defined over 500m of strike length and approximately 400m down dip Current RC drilling program has intersected the Hanging Wall zon
Slide 19: Bibra Resource
Bibra Resource Three main resource domains Domains (2 & 3): Main & Hanging Wall Lodes (fresh) 11,500,000 @ 1.1g/t Au for 410,000oz HANGING WALL LODES Resource currently defined over 500m of strike length and approximately 400m down dip Current RC drilling program has intersected the Hanging Wall zon
Slide 20: Scoping Study to Feasibility Study
Scoping Study to Feasibility Study Quality Scoping Study activities well advanced Results reported end-July 2016 Approximately $12m spent historically Current work updates and expands Industry recognised consultants Resource estimation and audit Mining studies Metallurgy Geotechnical Process plant d
Slide 21: Exploration
Exploration Near Pit and Regional NEAR TERM UPSIDE! IS THIS A NEW GOLD PROVINCE?
Slide 22: Exploration
Exploration Near Pit and Regional Simple, consolidated, low-cost tenement package 120°0'0"E 122°0'0"E Large areas of Archaean greenstone under Telfer Group cover: NULLAGINE 22°0'0"S 22°0'0"S 3 Shallow recent transported sediments Bangemall Basin 3 AUSKI 3 Comprehensive database for drill targeting:
Slide 23: Exploration
Exploration Near Pit and Regional Large-scale exploration potential within 8km of Bibra At least 13km of prospective geology Demonstrated endowment across the project area Excellent, but still limited database Wide spaced aircore drilling Area largely under transported cover Understanding the data O
Slide 24: Exploration
Exploration Near Pit and Regional Bibra Satellite Targets Current focus on the immediate west of Bibra Early drilling targets “T2” Target Potential next “stacked lode” KBRC377: 8 metres @ 1.15g/t Au KBRC150: 17 metres @ 1.00g/t Au KBRC160: 12 metres @ 1.02g/t Au
Slide 25: Exploration
Exploration Near Pit and Regional Bibra Satellite Targets Current focus on the immediate west of Bibra Early drilling targets “T2” Target Potential next “stacked lode” KBRC377: 8 metres @ 1.15g/t Au KBRC150: 17 metres @ 1.00g/t Au KBRC160: 12 metres @ 1.02g/t Au
Slide 26: Exploration
Exploration Near Pit and Regional Bibra Satellite Targets Current focus on the immediate west of Bibra Early drilling targets “T1” Target KBRC019: 12 metres @ 1.5g/t Au Untested near surface along strike
Slide 27: Exploration
Exploration Near Pit and Regional Bibra Satellite Targets Current focus on the immediate west of Bibra Early drilling targets “T1” Target KBRC019: 12 metres @ 1.5g/t Au Untested near surface along strike
Slide 28: Exploration
Exploration Near Pit and Regional Bibra Satellite Targets Southern Extension ~1.5km of Bibra stratigraphy south of the resource Limited drilling has intersected gold in most holes KBRC056: 11 metres @ 1.0g/t Au KBRC040: 6 metres @ 3.5g/t Au KBRC280D: 5 metres @ 3.5g/t Au
Slide 29: Exploration
Exploration Near Pit and Regional Regional Targets B1 Trend 8km extension of the Bibra stratigraphy Wide spaced, shallow aircore drilling Area largely under transported cover Numerous significant results in fresh rock and regolith Results include: KBAC1135 2 metres @ 2.75g/t Au KBAC1036 6 metres @ 2
Slide 30: Exploration
Exploration Near Pit and Regional Regional Targets Francopan-K3 Prospects Confirmation: large-scale Archaean gold system! Gold mineralisation intersected over 5km! Major fault zone Limited drilling Bangemall cover sequence Results include: KBD025: 81m @ 1.2g/t Au. Includes: 7m @ 3.5g/t Au (1m @ 20.3
Slide 31: Summary – reasons to invest in CMM
Summary – 8 reasons to invest in CMM Rapid pathway to gold production Ore body is simple and predictable Pipeline of positive news flow Resource upgrade – June 2016 Rapid completion of Scoping Study then moving into Feasibility Study Excellent leverage to Australian gold price Massive potential for
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