Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Noosa Mining Conference (November 2020)
21 slides from Black Cat Syndicate's conference presentation, November 2020
Slide 1: Transitioning from Discovery to Mining
TRANSITIONING FROM DISCOVERY TO MINING November 2020 ASX | BC8
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: Strategic Objectives
Strategic Objectives • Targeting >1Moz in Resource - genuine scale - facilitating ongoing production • Definition of Mining Reserves - target >3 years of mill feed - just the start • 100% owned mill - working towards full production - March 2022 quarter November 2020 ASX | BC8 3
Slide 4: Achievements
Achievements • IPO January 2018 - rapidly growing exploration & development company • Drilling success - >100,000m drilled since listing • Growing Resource - 11.8Mt @ 2.3 g/t Au for 884,000oz • Strategic landholding - 756km2 only 25km east of Kalgoorlie, WA • Mining focus - Myhree ready to mine, oth
Slide 5: The Company
The Company Simple Structure, Strong Support, Experienced Team Corporate Information Board of Directors Share Price (11 October 2020) A$0.735 Previous roles include founding Chairman of Silver Paul Chapman Lake Resources, directorships with Reliance Mining, Non-Executive Chairman Rex Minerals and Av
Slide 6: Consolidation of Opportunity
Consolidation of Opportunity Low Barriers to Mining • Proven gold region: - 756km2 prospective holding - 76% of leases granted - 26% granted mining leases - excellent stratigraphy and structure • Historical mining: - >600,000oz produced • Excellent infrastructure: - all weather roads - regional mill
Slide 7: Enviable Ground Position
Enviable Ground Position Significant Opportunity • Acquisition strategy: - east of Kalgoorlie - historic gold-fields - high-grade - quality Resources and/or significant exploration potential • One of the largest landholders within 50km radius of Kalgoorlie • Other significant holders in the region i
Slide 8: Growing Resources
Growing Resources Line of Sight to 1Moz • Resources open with 1Moz Project Date Cut-off Tonnes Grade Contained Oz targeted in the short-term Reported1 g/t Au ‘000 g/t Au ‘000 • Granted mining leases Myhree Mining Centre+ Oct-2020 0.7 & 2 2,880 2.8 259 • Low discovery/acquisition Queen Margaret Feb-2
Slide 9: Imperial and Majestic
Imperial and Majestic Open Resources Ready for Growth • Near-term mining opportunity: - 113,000oz mined (2016-2018) - 260,000oz Resource (2020) - Resource remains open - requires UG focus • Historic intercepts below pits include1: - 5m @ 28.03 g/t Au from 104m - 7m @ 11.69 g/t Au from 152m • New int
Slide 10: Imperial and Majestic - Regional
Imperial and Majestic - Regional Jones Find - Strong and Shallow • Numerous nearby opportunities: - Jones Find - similar geology to Majestic, drilling includes1: o 13m @ 4.98 g/t Au from 30m o 13m @ 2.38 g/t Au from 26m - Crown - last drilled in the 1990’s, results include3: o 3m @ 9.99 g/t Au from
Slide 11: Fingals Fortune
Fingals Fortune Under Explored for 30 Years - Now Drilling • Large/growing shallow system: - 36,500oz mined (1992) - 135,000oz Resource (2020) - opportunity to grow Resource and create Reserve • Historic unmined intercepts include1: - 3m @ 13.52 g/t Au from 43m - 3m @ 12.88 g/t Au from 73m • Recent
Slide 12: Fingals Fortune - Regional
Fingals Fortune - Regional Satellite Deposits with No Modern Exploration OPEN • Additional shallow oxide potential: - 20,000oz mined (1992) - 80% holes <50m depth (av. 38m) OPEN - opportunity to develop Resource and Reserve • Historic unmined intercepts include1: - 6m @ 3.67 g/t Au from 33m - 3m @ 5
Slide 13: Trojan: What Hides Within…
Trojan What Hides Within… • Big system - historic gold producer (2004) o 2.0Mt @ 1.97g/t Au for 125koz - remaining Resource o 2.1Mt @ 1.70g/t Au for 115koz - similar geology to Majestic, open on strike and at depth o 25m @ 5.69 g/t Au from 46m o 17m @ 2.70 g/t Au from 125m • Several large shears - l
Slide 14: Rowe's Find
Rowe’s Find Exciting Potential on New Frontier • Located 100km east of Fingals • Moderate historical workings • Underexplored greenstone belt • Current Resource (2005): - 148kt @ 3.5 g/t Au for 17koz • Historical results within Resource include1: - 6m @ 34.00 g/t Au from 6m - 10m @ 10.02 g/t Au from
Slide 15: 756km2 of Prospective Geology
756km2 of Prospective Geology Significant Discovery Potential • Numerous early stage targets provide a pipeline of potential discoveries • Control of over 50km of the prospective Hampton-Victory structural corridor • Underexplored Yindarlgooda Dome Project between Trojan and Slate Dam • Modern explo
Slide 16: Myhree Mining Centre
Myhree Mining Centre Ready to Mine Pit optimisations displayed– not mined OPEN OPEN • Shallow high-grade Resources - open at depth • 2.9Mt @ 2.8 g/t Au for 259,000oz • Mine study assessing a two stage pit followed by an underground OPEN • Myhree as baseload, satellite mines at Boundary and Trump • A
Slide 17: Milling Strategy
Milling Strategy Planning for the Future • Insufficient milling infrastructure east of Kalgoorlie • Bulk of Resource within 25km radius of Imperial - centralised mill location – hub and spoke model • Mill planning underway - targeting low capital start up - utilise local supply and services - expand
Slide 18: Transformation: Steps to Production
Transformation Steps to Production • Increase Resources to 1Moz and define first three years of mill feed Milestone 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 • Complete mill planning - 2020 Build Organisation Drilling - Ongoing - acquire long lead time items Mining Studie
Slide 19: Transitioning from Discovery to Mining
Transitioning from Discovery to Mining • Targeting >1Moz in Resource - genuine scale • Definition of Mining Reserves - target >3 years of mill feed • 100% owned mill - targeting full production March 2022 quarter • Prospective ground - substantial discovery potential • Aggressive drilling - strong n
Slide 20: 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 November 2020 ASX | BC8 20
Slide 21: Appendix 1 - JORC 2012 Resource Table
Appendix 1 - JORC 2012 Resource Table Measured Mineral Indicated Mineral Inferred Mineral Total Mineral Notes on Resource table for Bulong, Fingals and Rowe’s Find: Resource Resource Resource Resource • Data is rounded to thousands of tonnes and thousands of ounces gold. Discrepancies in totals may
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