Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Investor Presentation (March 2019)
19 slides from Black Cat Syndicate's investor presentation, Mar 28, 2019
Slide 1: New and Growing Gold Resource on the Doorstep of Kalgoorlie
NEW AND GROWING GOLD RESOURCE ON THE DOORSTEP OF KALGOORLIE Gareth Solly – Managing Director ASX | BC8 28 March 2019
Slide 2: 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 3: Maiden Resource: Strong Growth Potential
Maiden Resource Strong Growth Potential • January 2018 - $6M IPO • Consolidation of the underexplored Bulong Gold Field • Low barriers to mining – 25km east of Kalgoorlie • Extremely active – 10 months of “in-ground” activity • Maiden Mineral Resource Estimate (Resource) - 1.4Mt @ 2.5 g/t Au for 109
Slide 4: The Opportunity: Simple Plan, Strong Team, Tight Structure
The Opportunity Simple Plan, Strong Team, Tight Structure Corporate Information Board of Directors and Key Management ASX Code BC8 Paul Chapman Non Executive Chairman Share Price (27 March 2019) $0.205 Gareth Solly Managing Director Shares on Issue 57.3M Options @ ~$0.20 17.9M Les Davis Non Executiv
Slide 5: Bulong Gold Project
Bulong Gold Project Low Barriers to Mining • Proven gold region - 25km from Kalgoorlie • Excellent infrastructure - sealed road - mains power - regional mills - workforce • 100% control of 87km2 • All Resource on mining leases • Under-explored 28/03/2019 ASX | BC8 5
Slide 6: The Opportunity: Highly Productive and Prospective Field
The Opportunity Highly Productive and Prospective Field • Pre-WW1 mining - ~152koz @ >1oz/t Au • Fractured ownership limited potential • Consolidated 100% by Black Cat • 74% of previous drilling was shallow, minimal below 100m • Focus and modern technology/techniques is delivering results 28/03/2019
Slide 7: The Progress
The Progress BC8 – Delivering from the Get-go • 2018 Learning and Discovery - reinterpretation - first 3D model - drilling – to validate geology/intercepts • 2018 Measured and Methodical - $3.5M spent in ground and acquisition - 24,450m RC drilling - 3,015m of diamond drilling (EIS co-funded) - new
Slide 8: Robust Maiden Resource
Robust Maiden Resource 1.4Mt @ 2.5 g/t Au for 109koz • All Resources remain open along strike and at depth • 88% of Resource is potentially open pit minable • 51% of the open pit Resource is contained within the new discovery at Myhree • All Resources on granted Mining Leases – short haulage to mill
Slide 9: Maiden Resource: Robust and Real
Maiden Resource Robust and Real • Robust, credible, independent, maiden Resource – Mining Plus • Based on optimised A$1,800 pit shells with realistic input costs • 96,000 ounces at 1.0 g/t Au cut-off in open pit position • Underground Resources (at 2.0 g/t Au cut-off) – currently constrained by lack
Slide 10: Myhree Resource in Only Seven Months
Maiden Resource Myhree Resource in Only Seven Months • First drilling (June 2018) => 486kt @ 3.2 g/t Au for 50koz (December 2018) • Infill drilling to convert from Inferred to Indicated – underway • Deepest intersection in Resource: 11m @ 4.03 g/t Au from 104m • Deepest drilling: 7m @ 4.25 g/t Au fr
Slide 11: Maiden Resource: Positioned for Growth
Maiden Resource Positioned for Growth • Maiden Resource – 1.4Mt @ 2.50 g/t Au for 109koz = Interim Resource • All Resources remain open along strike and at depth • All corridors prospective for new deposits as well as extension • Drill rig currently on site drilling for extension and beginning infil
Slide 12: Maiden Resource: Growing Rapidly
Maiden Resource Growing Rapidly • Resources sit within structural – stratigraphic corridors (17km strike) • Queen Margaret Corridor (+6km long) - 0.4Mt @ 2.3 g/t Au for 27koz - 18% of prospective corridor tested • Myhree-Boundary Corridor (+6km long) - 0.8Mt @ 2.7 g/t Au for 72koz - 15% of prospecti
Slide 13: Potential to the North
Potential to the North Under Cover and Under Explored • Kanowna Style Package - similar to the southern corridors - extension under cover to the north • Greater Woodline - change of host rock in the NE of lease - numerous drill ready targets 28/03/2019 ASX | BC8 13
Slide 14: Potential to the North
Potential to the North Under Cover and Under Explored • Kanowna Style Package - similar to the southern corridors - analogies with +5Moz Kanowna Belle deposit o host lithology (felsic intrusions within polymictic conglomerate) o alteration (sericite/fuchsite) Intense Sericite/Fuchsite Alteration o m
Slide 15: Potential to the North
Potential to the North Under Cover and Under Explored • Greater Woodline - host some of the largest alluvial goldfields in WA o historical source of >100oz gold nuggets - hosted basaltic and ultramafic rock - contains zones of narrow high grade mineralisation that trend along NW and NS orientations
Slide 16: Strong Growth Potential
BC8 Strong Growth Potential • January 2018 - $6M IPO • Consolidation of the underexplored Bulong Gold Field • Low barriers to mining – 25km east of Kalgoorlie • Extremely active – 10 months of “in-ground” activity • Maiden Resource – 1.4Mt @ 2.5 g/t Au for 109koz • Strong growth potential – only 14%
Slide 17: Connect With Us
Connect With Us 6/16 Nicholson Road, Subiaco WA 6008 PO Box 572, Floreat WA 6014 P | +61 (0) 458 007 713 E | admin@blackcatsyndicate.com.au Twitter / Facebook | @blackcatsyn8 ABN | 63 620 896 282 www.blackcatsyndicate.com.au BOOTH | # P8 28/03/2019 ASX | BC8 17
Slide 18: Appendices
Appendices • Robust Maiden Mineral Resource Estimate – 1.4mt @ 2.5 g/t Au for 109koz • All resources remain open along strike and at depth Bulong Gold Project Cut-Off Category Tonnes Grade Contained Oz g/t Au ‘000 g/t Au ‘000 BOUNDARY Open Pit (<90m below surface) 1.0 Indicated 74 2.1 5 Inferred 259
Slide 19: Appendices: Exploration Target Supporting Information
Appendices Exploration Target - Supporting Information CSA Global developed an Exploration Target for the Bulong Gold Project in November 2017. The potential quantity and grade of the Exploration Target was conceptual in nature, as there had been insufficient exploration to estimate a Mineral Resour
Black Cat Syndicate — Investor Presentation (March 2019) on 6ix