Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Investor Presentation (July 2019)
18 slides from Black Cat Syndicate's investor presentation, Jul 17, 2019
Slide 1: Transitioning from Discovery to Mining
TRANSITIONING FROM DISCOVERY TO MINING Gareth Solly – Managing Director ASX | BC8 17 July 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: Bulong Gold Project: Transitioning from Discovery to Mining
Bulong Gold Project Transitioning from Discovery to Mining • Consolidation of the Bulong Gold Field - since listing January 2018 • Ideal project with low barriers to mining - 25km east of Kalgoorlie • Extremely active - 16 months of “in-ground” activity • Resource (June 2019) - 2.3Mt @ 2.4 g/t Au fo
Slide 4: The Opportunity
The Opportunity Simple Structure, Strong Support, Experienced Team Corporate Information Board of Directors and Key Management ASX Code BC8 Paul Chapman Non Executive Chairman Share Price (16 July 2019) $0.33 Gareth Solly Managing Director Shares on Issue 69.8M Options @ ~$0.20 19.3M Les Davis Non E
Slide 5: Bulong Gold Project: Low Barriers to Mining
Bulong Gold Project Low Barriers to Mining • Proven gold region - 25km from Kalgoorlie • Pre-WW1 mining ~152koz @ >1oz/t • Excellent infrastructure - sealed road - mains power - regional mills - workforce • All Resources on mining leases 17/07/2019 ASX | BC8 5
Slide 6: Bulong Gold Project: Good Hunting Ground
Bulong Gold Project Good Hunting Ground • Tenements in tightly held area • Consolidated by Black Cat - enabling systematic exploration for the first time • Now with 100% control of 87km2 - including granted and pending • Surrounded by major players 17/07/2019 ASX | BC8 6
Slide 7: Bulong Rediscovered
Bulong Rediscovered Strong News Flow - Delivering Results • First effective exploration in 20 years - reinterpretation & 3D models • Active - +40,000m of drilling in 16 months - efficient - <$45 per drill metre (RC & Diamond) • Systematic - delineation of prospective corridors - new geophysical data
Slide 8: Robust Resource
Robust Resource 2.3Mt @ 2.4 g/t Au for 178koz • All Resources remain open along strike and at depth • 85% of Resource (151,000oz) is potentially open pit minable • All Resources on granted Mining Leases – short haulage to mills • Discovery cost of A$20/oz; Acquisition cost of A$5.50/oz • Represents
Slide 9: Building Mine-Ready Resources
Building Mine-Ready Resources 151,000 ounces in Open Pit Resource • Robust and credible Resource – Mining Plus • Optimised A$1,800 pit shells with realistic input costs • 151,000 ounces at 2.4 g/t in open pit position with 62% of resource at 3.0 g/t Au (1.0 g/t Au cut-off) • All Resources constraine
Slide 10: Myhree
Myhree From Discovery to Potential Development • Discovery Jun 2018; maiden Resource Dec 2018 • Upgraded Resource – June 2019 - 138% upgrade from maiden Resource - 1.4Mt @ 2.7 g/t for 119,000 oz - Open at depth • Thick high grade open pit mineralisation - 0.98Mt @ 3.0 g/t for 93,500 oz (main lodes)
Slide 11: Myhree to Boundary
Myhree to Boundary Building a Larger Mining Scenario • Additional Resource potential along under-explored corridor 17/07/2019 ASX | BC8 11
Slide 12: Interim Resources: Building Scale and Momentum
Interim Resources…… Building Scale and Momentum • Rapid discovery and conversion of Exploration Targets • Resource updates scheduled for September 2019 quarter and March 2020 quarter 600 Bulong Resource Growth 500 400 '000 ounces 300 200 100 0 Dec 18 Resource Jun 19 Resource Exploration Target As ou
Slide 13: Potential to the North
Potential to the North Under Cover and Under Explored • Kanowna Style Package - similar to the 17kms of corridors to the south - hosted by polymictic sediment, intrusive and ultramafic • Greater Woodline - one of the largest alluvial goldfields in WA - (source of 100oz nuggets) - hosted by basaltic
Slide 14: Black Cat Syndicate (BC8)
Black Cat Syndicate (BC8) Transitioning from Discovery to Mining • Consolidation of the Bulong Gold Field - since listing January 2018 • Ideal project with low barriers to mining - 25km east of Kalgoorlie • Extremely active - 16 months of “in-ground” activity • Resource (June 2019) - 2.3Mt @ 2.4 g/t
Slide 15: 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 | [email protected] Twitter / Facebook | @blackcatsyn8 ABN | 63 620 896 282 www.blackcatsyndicate.com.au 17/07/2019 ASX | BC8 15
Slide 16: Appendices: Timeline to Development
Appendices BLACK CAT SYNDICATE Decision to Mine TIMELINE TO DEVELOPMENT Resource Upgrade 178,000oz Maiden Resource 109,000oz Feasibility Study IPO • Ongoing Exploration Continuing • Infill Drilling Exploration • Permitting • Metallurgical Testwork • Geotechnical Analysis Initial Exploration • Toll M
Slide 17: Appendices: Robust Mineral Resource
Appendices Robust Mineral Resource: Bulong Gold Project Cut-Off Category Tonnes Grade Contained Oz g/t Au ‘000 g/t Au ‘000 2.3Mt @ 2.4 g/t Au for 178koz BOUNDARY (December 2018) Open Pit (<90m below surface) 1.0 Indicated 74 2.1 5 Inferred 259 1.8 15 Underground (>90m below surface) 2.0 Indicated -
Slide 18: 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
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