Carbine Resources Limited · ASX:CRB
Carbine Resources — Merger or Acquisition (May 2022)
17 slides from Carbine Resources's merger presentation, May 2022
Slide 1: Sandbox Silica Sands Project Acquisition
Sandbox Silica Sands Project Acquisition May 2022
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer CARBINE RESOURCES LTD Summary information and not an offer continuing obligations under applicable law and ASX Listing Rules, Carbine does not undertake to update or revise any information or any of the forward looking statements in this presentation. The purpose
Slide 3: Carbine Resources (ASX:CRB) Capital Structure
Carbine Resources (ASX:CRB) CARBINE RESOURCES LTD Capital Structure Pre Transaction Post Transaction ASX Code CRB CRB Shares on issue 480 Million 647 Million Share Price 2.5 cents 3.0 cents Unlisted Options (Various) 75.0 Million 190.0 Million Market Cap $13.0M $19.4M Cash & Deposits $2.9M $2.9M Boa
Slide 4: Overview
Overview CARBINE RESOURCES LTD • Agreed terms to acquire 100% of highly prospective Sandbox Silica Sands Project located in Far North QLD on 8,104 hectares (81km2) • Complements CRB’s growth strategy and plans at its exciting large-scale Muchea Project. • Sandbox JORC Resource of 5.7Mt at 95.8% SiO2
Slide 5: Board And Management
Board And Management CARBINE RESOURCES LTD Mr Peter Main – Non-Executive Chairman A mining and finance professional with extensive experience spanning more than 30 years, Mr Main spent 17 years in the capital markets arena including 13 years managing the Royal Bank of Canada's (RBC) Australian equit
Slide 6: Sandbox Silica Project
Sandbox Silica Project CARBINE RESOURCES LTD FNQ Sand Pty Ltd Sandbox Project Innisfail Regional Location • Sandbox, is located in Lower Cowley, 22kms SSE of Innisfail in Far North Queensland within granted EPM 27338 (1300Ha) • The Sandbox Initial Project Area (IPA) is 27km, via sealed road, from th
Slide 7: Sandbox Project − Resource
Sandbox Project − Resource CARBINE RESOURCES LTD • A Mineral Resource Estimate was undertaken by Encompass Mining and supervised by Chris Speedy (Competent Person) • A database of 386 drillholes was used for the Mineral Resource Estimate, only 125 holes were used on the Sandbox (IPA) resource • Dril
Slide 8: Sandbox Acquisition terms
Sandbox Acquisition terms CARBINE RESOURCES LTD • Total acquisition cost nominally $8.8m made up of; • CRB issuing 166,666,667 shares at a price of $0.03 each (Consideration shares) to be issued in two tranches as follows: • Tranche 1: 116,666,667 shares, issued at completion of the Term Sheet; and
Slide 9: Sandbox Project – Next Steps
Sandbox Project – Next Steps CARBINE RESOURCES LTD Completed Commenced Depth Extension Maiden Resource Bulk Samples Resource Drilling Drilling Estimate Feasibility Study – Trial Processing EA Approval Assay Results And Scoping Freehold Logistic And Offtake Mining Licence Laboratory Study Agreements
Slide 10: Muchea West Silica Project
Muchea West Silica Project CARBINE RESOURCES LTD • The Muchea West Silica Project is located less than a kilometre from the town of Muchea, 40km north of Perth • Adjacent to both the Moora – Kwinana rail line and Brand Highway • The northern extension of the Muchea West sand dune is host to the VRX
Slide 11: Muchea West Silica Project
Muchea West Silica Project CARBINE RESOURCES LTD • Carbine owns 100% of E70/4905, host of the highly prospective Muchea West Silica Sands Project • Mapping and drilling has defined a target area of 100km2. • Significant recent drilling results* include (all starting at 1m): • Hole Aus044: 19m at 99.
Slide 12: Muchea West Silica Project – Next Steps
Muchea West Silica Project – Next Steps CARBINE RESOURCES LTD Completed Commenced Phase One Drilling Programme – PoW Maiden Resource Environmental Definitive Feasibility Bulk Samples – Trial Mining Licence approved Estimate Studies Study Processing Application Assay Results And Scoping Resource Logi
Slide 13: Silica Market Overview
Silica Market Overview CARBINE RESOURCES LTD • Global market in shortfall, additional 40Mt required in Asia Pacific region by 2026 ($US3B)* • In 2019, with a CAGR of 7.6% (2011 – 2018), the Global Silica Sand Market had reached a total of US$7.4 Billion. It was predicted this market would grow to US
Slide 14: Silica Uses and Specifications
Silica Uses and Specifications CARBINE RESOURCES LTD • Silica sand is second only to water in its extraction Type of Application Specification $US Price per ton for 150-200ppm and consumption globally Fe2O3 Silica Sand Ultra Clear (Premium) Glass 99.97% SiO2 & Low Fe 220 • It is the main ingredient
Slide 15: Summary
Summary CARBINE RESOURCES LTD Value-creating acquisition • Adds significant near-term value to CRB’s silica sand portfolio • First mover status, opportunity to fast-track a low-cost development scenario • Simple and, therefore, cheap capital and processing options • Market pricing for 99.50% SiO2 pr
Slide 16: Contact
Contact Peter Batten, Managing Director E: Pbatten@carbineresources.com.au
Slide 17: Appendix
Appendix CARBINE RESOURCES LTD Sandbox Acquisition | May 2022 17