Carbine Resources Limited · ASX:CRB
Carbine Resources — Noosa Mining Conference 2017
28 slides from Carbine Resources's conference presentation, Jul 21, 2017
Slide 1: Mount Morgan Gold-Copper Project
MOUNT MORGAN GOLD MOUNT MORGAN GOLD - COPPER PROJECT COPPER PROJECT For personal use only LONG LIFE PROJECT I SHORT TERM PAYBACK I COMMUNITY AND ENVIRONMENT ENHANCEMENT
Slide 2: A vision of opportunity, a long life project
A vision of opportunity, a long life project MOUNT MORGAN GOLD - COPPER PROJECT with significant community and environmental benefit For personal use only
Slide 3: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER MOUNT MORGAN GOLD - COPPER PROJECT SUMMARY INFORMATION AND DISCLAIMER REGARDING EXPLORATION TARGETS For personal use only NOT AN OFFER FORWARD LOOKING It is common practice for a company to comment on and discuss its exploration in terms of target size and type.
Slide 4: Carbine Resources capital structure, board and management
CARBINE RESOURCES (ASX:CRB) MOUNT MORGAN GOLD - COPPER PROJECT CAPITAL STRUCTURE BOARD & MANAGEMENT For personal use only ASX Code CRB Chairman John Fitzgerald Shares on issue 193 Million Managing Director Anthony (Tony) James Director Graham Brock Share Price 7.2 cents1 Director Evan Cranston Unlis
Slide 5: Mount Morgan Gold-Copper Project
MOUNT MORGAN GOLD – COPPER PROJECT MOUNT MORGAN GOLD - COPPER PROJECT For personal use only 1. MOUNT MORGAN GOLD AND COPPER PROJECT IN CENTRAL QUEENSLAND. THE PROJECT SITS ADJACENT TO THE MOUNT MORGAN TOWNSHIP WITH ESTABLISHED INFRASTRUCTURE 2. CARBINE FEASIBILITY STUDY COMPLETED IN DECEMBER 2016 ON
Slide 6: Win, Win & Win
WIN, WIN, & WIN MOUNT MORGAN GOLD - COPPER PROJECT For personal use only 1. LONG LIFE PROJECT / SHORT TERM PAYBACK1 9.5 YEAR ORE RESERVE BASE CASE & 20 YEAR EXPANDED CASE 2 YEAR PROJECT PAYBACK PERIOD $549/AU OUNCE AISC PEAK AT 60OZS AUEQ ANNUAL PRODUCTION 2. ENVIRONMENTAL LEGACY QLD GOVER
Slide 7: Mundic Gully acid mine drainage reaching Dee River
MOUNT MORGAN GOLD - COPPER PROJECT DEE RIVER ABOVE MUNDIC DEE RIVER BELOW GULLY, SUNDAY 30 APRIL MUNDIC GULLY, SUNDAY 30 2017 APRIL 2017 For personal use only MUNDIC GULLY AMD REACHING DEE RIVER
Slide 8: Project Status Update
PROJECT STATUS UPDATE MOUNT MORGAN GOLD - COPPER PROJECT For personal use only CLEANSED RESOURCE & PROJECT DATA (2016) MAIDEN ORE RESERVE (JORC 2012 – Dec 2016)1 LONG LIFE, SHORT PAYBACK FEASIBILITY STUDY (Dec 2016)1 RAGING BULL OPTION AGREED2 HERITAGE DEVELOPMENT APPLICATION ENDORSED BY QHC & APPRO
Slide 9: FEED (Front End Engineering & Design)
FEED (FRONT END ENGINEERING & DESIGN) MOUNT MORGAN GOLD - COPPER PROJECT 1. PLANT SITE GEOTECHNICAL ASSESSMENT (GRES) For personal use only COMMENCED FOUNDATION DRILLING AND TEST PITS, ADDITIONAL TAILINGS FOUND AT SOUTH END OF PLANT SITE 2. BATCH TEST WORK (70% COMPLETE) TO ESTABLISH BASE PARAME
Slide 10: Improved Pyrite Solution
IMPROVED PYRITE SOLUTION MOUNT MORGAN GOLD - COPPER PROJECT 1. CHINA CONSUMING 16MTPA PYRITE For personal use only 10 LARGEST CONSUMERS ACCOUNT FOR OVER 5MT INITIAL FOCUS ON 3 REGIONAL AREAS, SHANDONG/HEBEI YANTZE SOUTHERN PLANTS FOCUSSED ON IRON FINES PRODUCTION, SULPHURIC ACID & POWER CREDIT
Slide 11: Queensland Government support quote
“The Queensland Government is committed to advancing key projects to support jobs and regional growth. Queensland’s MOUNT MORGAN GOLD - COPPER PROJECT mining sector is an economic mainstay and its capability to deliver innovation in rehabilitation and remediation is a major opportunity for the state
Slide 12: Summary
SUMMARY MOUNT MORGAN GOLD - COPPER PROJECT 1. MOUNT MORGAN PROJECT IS A LOW COST, LONG LIFE PROJECT WITH SHORT TERM For personal use only PAYBACK 2. PROJECT WILL HELP MAKE SIGNIFICANT INROADS INTO THE HISTORICAL ENVIRONMENT LEGACY 3. EXPERIENCED TECHNICAL AND COMMERCIAL TEAM WITH A TRACK RECORD OF M
Slide 13: Feasibility Study – Key Results
FEASIBILITY STUDY – KEY RESULTS MOUNT MORGAN GOLD - COPPER PROJECT 1. LONG LIFE PROJECT (1.1MTPA THROUGHPUT) For personal use only 9.5 YEAR BASE CASE1 20 YEAR EXPANDED CASE1 2. LOW COST - AISC2 OF A$549/AU OZ 3. SHORT TERM PAYBACK - 2 YEAR PAYBACK 4. PRE-PRODUCTION CAPITAL3 OF A$85M, WHICH INCLU
Slide 14: Mining - Ore Reserve
MINING - ORE RESERVE MOUNT MORGAN GOLD - COPPER PROJECT NO 2 MILL 2.8MT @ 1.7G/T AUEQ, For personal use only 1.1G/T AU, 0.11% CU, 24% PY MOUNT MORGAN OPEN PIT MUNDIC GULLY 1.5MT @ 2.6G/T AUEQ, RED OXIDE 2.0G/T AU, 0.17% CU, 19% PY 0.7MT @ 2.5G/T AUEQ, SANDSTONE GULLY 2.1G/T AU, 0.3% CU SHEPHERDS GUL
Slide 15: 20 Year Expanded Case
20 YEAR EXPANDED CASE MOUNT MORGAN GOLD - COPPER PROJECT 1. 20 YEAR PROJECT IS AN EXTENSION TO For personal use only ORE RESERVE (“BASE CASE”) 2. EXPANDED CASE - 22MT @ 1.6G/T AUEQ1, (0.9G/T AU, 0.12% CU, 21% PYRITE) First 9.5 years – “Base Case”, Ore Reserve +9.5 years to achieve 20 years expan
Slide 16: Processing and Metallurgy
PROCESSING AND METALLURGY MOUNT MORGAN GOLD - COPPER PROJECT THREE STREAM PROCESSING FACILITY For personal use only PRODUCING COPPER SULPHATE, UNROASTED PREMIUM IRON PYRITE AND GOLD COPPER RESIN LEACHING (RIP) PYRITE CONCENTRATE FLOTATION GOLD CARBON LEACHING (CIL) WATER TREATMENT PLANT UTILIS
Slide 17: New Processing Facility
MOUNT MORGAN GOLD - COPPER PROJECT For personal use only NEW PROCESSING FACILITY PHOTO COURTESY OF DNRM
Slide 18: Pyrite Concentrate
PYRITE CONCENTRATE MOUNT MORGAN GOLD - COPPER PROJECT 1. SPECIFIC MARKETS FOR PYRITE CONCENTRATE For personal use only Iron fines in residue ~65% Fe for sinter in steel making, Sulphuric Acid – Bulk supply of premium concentrate to China and Europe, Sulphur burn used for power generation in la
Slide 19: Pyrite Roasting
PYRITE ROASTING MOUNT MORGAN GOLD - COPPER PROJECT For personal use only PYRITE ROASTING FOR IRON FINES PRODUCTION, SULPHURIC ACID, AND ELECTRICITY CREDITS Roasting Water Pyrite Hot Gas Fluid Bed Heat Wet Gas Sulphuric Dust Acid Air Furnace Recovery Cleaning Acid Plant Removal Steam Power Generation
Slide 20: Key Project Approvals
KEY PROJECT APPROVALS MOUNT MORGAN GOLD - COPPER PROJECT MINING LEASE AND ENVIRONMENTAL AUTHORITY IN PLACE. For personal use only TWO REMAINING APPROVALS: 1. ENVIRONMENTAL AMENDMENT Environmental Authority MIN100708908 was previously approved for the project in 2010. An Environmental Authority Amend
Slide 21: Thank You
THANKYOU MOUNT MORGAN GOLD - COPPER PROJECT FOR FURTHER INFORMATION: For personal use only INVESTORS TONY JAMES CARBINE RESOURCES +61 8 6142 0986 COMMUNITY LIAISON RUSSELL DANN CARBINE RESOURCES +61 431 963 017 AUSTMINE 2015 MEDIA MINING INNOVATOR PAUL ARMSTRONG READ CORPORATE OF THE YEAR +61 8 9388
Slide 22: Appendix A - Key Results
APPENDIX A - KEY RESULTS MOUNT MORGAN GOLD - COPPER PROJECT EXPANDED CASE – DESCRIPTION FS BASE CASE EXPANDED CASE For personal use only MINING Ore Reserve (Mt) 9.9 9.9 CAUTIONARY STATEMENT Additional Material – Expanded Case (Mt) 0 12.5 Ore Reserve + Additional Material (Mt) 9.9 22.4 The expanded c
Slide 23: Appendix B – Competent Person Statement
APPENDIX B – COMPETENT PERSON STATEMENT MOUNT MORGAN GOLD - COPPER PROJECT The information in this report that relates to Exploration Targets, Exploration Results and the included in the original market announcements and, in the case of estimates of Mineral Inferred Mineral Resources for Mount Morga
Slide 24: Appendix C – Mineral Resources
APPENDIX C – MINERAL RESOURCES MOUNT MORGAN GOLD - COPPER PROJECT JORC 2012 MINERAL RESOURCE TABLE REPORTED AT A 0.00G/T CUT-OFF For personal use only (REFER ASX ANNOUNCEMENT DATED 30 AUGUST 2016). ROUNDING ERRORS CAN OCCUR. AREA TYPE CATEGORY TONNAGE (MT) GOLD (G/T) GOLD (KOZ) COPPER (%) COPPER MET
Slide 25: Appendix D – Exploration Target
APPENDIX D – EXPLORATION TARGET MOUNT MORGAN GOLD - COPPER PROJECT EXPLORATION TARGET TABLE (ASX:30 AUGUST 2016). For personal use only The potential quality and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is
Slide 26: Appendix E – Ore Reserve
APPENDIX E – ORE RESERVE MOUNT MORGAN GOLD - COPPER PROJECT MINERAL RESERVE TABLE (ASX: 8 DECEMBER 2016). For personal use only This estimate has been prepared in accordance with JORC Code (2012) guidelines. Further details for the estimate can be found in FS announcement and the JORC code table 1 l
Slide 27: Appendix F – Metal Equivalents
APPENDIX F – METAL EQUIVALENTS MOUNT MORGAN GOLD - COPPER PROJECT BOTH AUEQ (G/T) AND PYRITEEQ (WT%) HAVE BEEN USED IN THIS ANNOUNCEMENT. For personal use only AuEq was calculated for each ore source based on the different metallurgical recoveries associated with those ore sources. A combined Total
Slide 28: For personal use only
MOUNT MORGAN GOLD - COPPER PROJECT For personal use only