Caspin Resources Ltd. · ASX:CPN
Caspin Resources — Investor Presentation (April 2023)
24 slides from Caspin Resources's investor presentation, Apr 11, 2023
Slide 1: Company Presentation – Investor Update
For personal use only Company Presentation INVESTOR UPDATE 11 April 2023 Greg Miles, CEO CASPIN RESOURCES LIMITED www.caspin.com.au
Slide 2: Disclaimer
DISCLAIMER For personal use only 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 pro
Slide 3: Corporate Overview
CORPORATE OVERVIEW Backed by strategic shareholders and well funded for exploration For personal use only Volume Close $ CPN - ASX 6 Month Share Price Performance VOLUME $0.90 2,000,000 $0.80 1,800,000 $0.70 1,600,000 1,400,000 $0.60 1,200,000 $0.50 1,000,000 $0.40 800,000 $0.30 600,000 $0.20 400,00
Slide 4: Short-Term Market Catalysts
SHORT-TERM MARKET CATALYSTS Large projects, emerging regions, fundamental metals, strategic positions For personal use only YARAWINDAH BROOK PROJECT Latest drilling results identify coherent zones of mineralisation similar to known nearby deposits Down-plunge, high-grade PGE extended over 1,000m
Slide 5: Yarawindah Brook (CPN 80%)
For personal use only YARAWINDAH BROOK (CPN 80%) A breakthrough discovery in an emerging PGE-Ni-Cu belt 5
Slide 6: An Exciting Growth Story
AN EXCITING GROWTH STORY A large, strategic position in the emerging West Yilgarn For personal use only PGE-Ni-Cu Province A breakthrough new PGE discovery at the Serradella Prospect with recognition of similar geology to the nearby Chalice Mining (ASX:CHN) Gonneville PGE-Ni-Cu Deposit (11Moz 3E
Slide 7: Serradella Discovery
SERRADELLA DISCOVERY Three significant outcomes in latest results: For personal use only • High-grade PGE-Ni-Cu mineralisation extending over 1,000m down plunge and remains open – big picture targeting concept alive 3.83m @ 2.39g/t 3E, 0.08% Ni from 380.25m (YARCD0047) • Multiple coherent zones of
Slide 8: New EM Conductor at Serradella
NEW EM CONDUCTOR AT SERRADELLA For personal use only Moving Loop EM Survey identifies new conductor along strike from recent high-grade PGE mineralisation Modelled within prospective host rocks Priority target for drill testing 8
Slide 9: New Results Support Geological Model
NEW RESULTS SUPPORT GEOLOGICAL MODEL Lower Serradella: Large-scale, conceptual targeting for world-class deposits For personal use only Latest results: YARCD0041 – 133m @ 0.49g/t 3E, 0.11% Ni; YARC0042 – 111m @ 0.30g/t 3E, 0.09% Ni; YARC0040 – 91m @ 0.48g/t 3E, 0.11% Ni All holes demonstra
Slide 10: Many More Targets to Explore
MANY MORE TARGETS TO EXPLORE For personal use only A Long Pipeline of Prospects Numerous soil anomalies yet to be drill tested Soil geochemistry works – significant PGE mineralisation found at Vicia Electromagnetics work – original testing of Serradella as an EM anomaly (XC-22) Extension and
Slide 11: Mount Squires Project (CPN 100%)
For personal use only MOUNT SQUIRES PROJECT (CPN 100%) Large scale greenfield gold and base metal project 11
Slide 12: A Strategic Position with Multi-Commodity Focus
A STRATEGIC POSITION WITH MULTI-COMMODITY FOCUS For personal use only • Two regional scale mineralisation trends intersecting in the project • 17km extension of the West Musgrave corridor o OZL approved A$1.7b development of Nebo Babel Ni-Cu 24 year operating life + potential resource growth o Man
Slide 13: West Musgrave Magmatic Sulphide Corridor
WEST MUSGRAVE MAGMATIC SULPHIDE CORRIDOR The same surface chemical signatures as the +1mt Ni & Cu Nebo-Babel Deposits For personal use only 1313
Slide 14: West Musgrave Magmatic Sulphide Corridor – Reconnaissance Drilling
WEST MUSGRAVE MAGMATIC SULPHIDE CORRIDOR Reconnaissance Drilling, Mapping and AEM generate more targets For personal use only Redwood Prospect Anomalous copper beneath shallow sand cover in reconnaissance drilling Only 500m from OZL One Tree Hill Prospect which include numerous significant drill
Slide 15: Handpump Prospect
HANDPUMP PROSPECT 15m @ 2.30 g/t Au HANDPUMP GOLD CORRIDOR +40km Gold structural trend with multiple gold occurrences For personal use only MSAC0121 1m @ 6.04 g/t Au from 12m BOH Gold identified at surface Insufficient drill testing RC Drill testing April-May 2023 Very large gold anomaly Up to 200 t
Slide 16: Handpump Gold Corridor
HANDPUMP GOLD CORRIDOR Handpump Prospect: Gold at surface For personal use only Historical drilling remains open at depth and along strike: • Drill testing in April 2023 o 43m @ 1.18g/t from 14m Incl 9m @ 3.25g/t, o 20m @ 1.27g/t from 23m Incl 7m @ 2.54g/t, o 27m @ 1.00g/t from 31m Incl 3m @ 2.59g
Slide 17: Handpump Structural Trend IP Target
Circular magnetic HANDPUMP STRUCTURAL TREND feature ____________________ Possible felsic intrusion Handpump Induced Polarisation (IP) Target For personal use only IP technique used to identify disseminated sulphide (holds charge) Untested 2D inversion model shows a large chargeability model char
Slide 18: Upcoming Work Program – 2023
UPCOMING WORK PROGRAM – 2023 Multiple Opportunities for Discovery For personal use only YARAWINDAH BROOK Assays from 12 holes still to be received Infill and extensional soil geochemistry program on regional targets MOUNT SQUIRES Heritage surveys underway 2,000m RC drilling program to test m
Slide 19: Investment Proposition
INVESTMENT PROPOSITION • Highly successful early stage exploration at both projects, well For personal use only advanced on the discovery pathway • Two projects with camp-scale potential in emerging regions with enormous strategic value. Rare opportunities in junior sector • Excellent leverage to cr
Slide 20: Capital Raising Details
CAPITAL RAISING DETAILS • Capital raise of up to approximately A$4.8m via: For personal use only • a Placement of approximately A$3.8m to: Offer structure • professional and sophisticated investors in accordance with the Company’s existing placement capacity under ASX LR 7.1 and 7.1A and size (“Tran
Slide 21: Indicative Timetable
INDICATIVE TIMETABLE For personal use only Trading halt Wednesday 5 April 2023 Placement bookbuild Wednesday 5 April 2023 SPP Record Date 7:00pm (AEST) Thursday 6 April 2023 Announcement of Placement and trading halt lifted Tuesday 11 April 2023 Settlement of Tranche 1 Placement Friday 14 April 2023
Slide 22: Risk Factors
RISK FACTORS For personal use only Funding risk – The Company will be required to raise additional funds (whether by way of debt and/or There can be no assurances that exploration and development at the Mount Squires Project or Yarawindah equity) in the future to meet its objectives. There can be no
Slide 23: Risk Factors
RISK FACTORS For personal use only Commodity prices and exchange rates – Commodity prices are influenced by physical and investment Competition risk – The mineral resource industry is competitive in all of its phases. The Company competes demand. Fluctuations in commodity prices relevant to the Comp
Slide 24: Caspin Resources Limited
For personal use only 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 24
Caspin Resources — Investor Presentation (April 2023) on 6ix