Carbine Resources Limited · ASX:CRB
Carbine Resources — Austmine Smart Mining Series (July 2015)
15 slides from Carbine Resources's conference presentation, Jul 24, 2015
Slide 1: Mount Morgan Gold & Copper Project: Targeting Near Term Mine Development
For personal use only Mount Morgan Gold & Copper Project Austmine Smart Mining Series Presentation: Targeting Near Term Mine Development July 2015
Slide 2: Disclaimer
DISCLAIMER For personal use only Mineral Resources The Indicated and Inferred Resources referred to in this presentation were presented by Norton Gold Fields Limited at the Mining 2009 Resource Convention (Brisbane). The presentation was released to the ASX on 28 October 2009 and is available for vi
Slide 3: Carbine Snapshot
CARBINE SNAPSHOT Tightly held, strong cash position For personal use only Share Price History Significant Shareholders 0.09 2,500 0.08 0.07 2,000 Volume ('000s) 0.06 Share Price 0.05 1,500 24% Board, Management & 0.04 Related Parties 1,000 0.03 Other Carbine 0.02 500 0.01 76% Shareholders 0 0 Volume
Slide 4: Mount Morgan Mine Overview
MOUNT MORGAN MINE Overview For personal use only Significant historical gold mine on central Queensland coast Close proximity to infrastructure and cities, ports & rail Primary ore deposit mined for ~100 years Production 8.4Moz Gold, 400kt Copper & 1.2Moz Silver ~40Mt mineralised tailings deposited
Slide 5: Gold Price Timeline: Mount Morgan Mine development history
GOLD PRICE TIMELINE Mount Morgan Mine development history For personal use only Closure of open pit Shutdown of tailings QLD Gov. accepts enviro. Perilya transfers Acquired by Norton Acquired by mining operations re-treatment plant liability ownership licences to Moonraker Gold Fields ( ~$7m ) Carbi
Slide 6: Significant Resource Base
SIGNFICANT RESOURCE BASE +1M oz. Au remaining in tailings For personal use only Resources Tonnes Au (g/t) Cu (%) Au (oz) Cu (t) Indicated 2.49 Mt 1.59 0.16% 127,000 3,900 Inferred 5.86 Mt 1.07 0.14% 202,000 8,400 TOTAL JORC 8.35 Mt 1.23 0.15% 329,000oz 12,300t Low High Low High Low High Low High Low
Slide 7: Tailings Reprocessing
TAILINGS REPROCESSING Historical operations & technical development For personal use only 1981 – 1991: Tailings Reprocessing Operations 28Mt tailings reprocessed via 3Mtpa CIL plant Excess cyanide consumption caused by soluble copper Ops ceased due to sol. copper and gold price 2000 – 2007: Moonrake
Slide 8: Unlocking the Value: Reverse Leach IX-CIL
UNLOCKING THE VALUE For personal use only Carbine’s Process Solution: Reverse Leach IX – CIL Application of ion exchange technology to solve soluble copper issue IX technology provides: Selective removal of copper prior to gold CIL extraction Decreased cyanide consumption in gold circuit Additional
Slide 9: IX-CIL Flowsheet
IX-CIL FLOWSHEET Addressing the soluble copper issue For personal use only Multiple by-products = Low All-in Sustaining Costs
Slide 10: Scoping Study Economics
SCOPING STUDY ECONOMICS Completed by engineering firm Ausenco ( Oct ’14) For personal use only Parameters Parameter Value Notes Mine Life 8 years JORC resources only Annual Throughput 1,000,000 t/yr Based on available JORC resources Production Gold 36,000 oz./yr High grade resources targeted during
Slide 11: Scoping to PFS Optimisation
SCOPING ⇨ PFS OPTIMISATION Targeting capex reduction For personal use only PFS Optimisation Testwork: Upgrading of feed ore via rejection of poorly mineralised coarse material General reduction in circuit complexity via minimisation of acid circuit unit processes 21% increase in copper recovery via
Slide 12: Achieving Project Milestones
ACHIEVING PROJECT MILESTONES Tracking toward mine development financing For personal use only Highlights 2014 2015 2016+ Timeline Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Acquired project (April ‘14) Project DD & Acquisition Completed Scoping Study Phase 1 Testwork Confirmed <US$400 All-in Sustaining Costs Phase 2 T
Slide 13: Plans
PLANS For the next 12 months For personal use only Finish PFS & assess potential for early stage financing Drill program to upgrade JORC resources and Exploration Target Complete BFS and detailed design Proceed with decision to mine and construction activities Finalise binding contracts for by- prod
Slide 14: Board & Management
BOARD & MANAGEMENT Overview and experience For personal use only Patrick Walta Rod Smith Russell Dann Executive Director Chief Metallurgist Project Specialist • Metallurgist and mineral economist, • Extractive metallurgist with 40 years • Former Regional Director – QOL commercial & tech. mining expe
Slide 15: Contact
For personal use only Contact Patrick Walta Executive Director Ph: Ph: +61 8 6142 0986 Carbine Resources Limited Suite 23 513 Hay Street Subiaco WA 6008
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