caravel presentation - q4 2013 v1 · investor presentation | q4 2013 | page 16 quarter q4 13 q4 13...
TRANSCRIPT
Investor Presentation Q4 2013
Marcel Hilmer, CEO ASX: CVV
For
per
sona
l use
onl
y
DISCLAIMER, FORWARD-LOOKING STATEMENTS & COMPETENT PERSON STATEMENT
Investor Presentation | Q4 2013 | Page 2
Disclaimer*The*presenta0on*materials*(and*the*contents*of*the*presenta0on)*are*for*informa0on*purposes*only*and*do*not*cons0tute*an*offer*or*invita0on*to*subscribe*for*or*purchase*any*securi0es,*and*neither*the*presenta0on*materials*nor*anything*contained*therein*nor*the*fact*of*their*distribu0on*nor*the*contents*of*the*presenta0on*shall*form*the*basis*of*or*be*relied*on*in*connec0on*with*or*act*as*any*inducement*to*enter*into*any*contract*or*commitment*whatsoever.***The*informa0on*contained*in*this*presenta0on*is*subject*to*material*upda0ng,*comple0on,*revision,*amendment*and*verifica0on.**No*reliance*should*be*placed*on*the*informa0on*and*no*representa0on*or*warranty*(express*or*implied)*is*made*by*the*Company,*any*of*their*respec0ve*directors*or*employees*or*any*other*person,*and,*save*in*respect*to*fraud,*no*liability*whatsoever*is*accepted*by*any*such*person,*in*rela0on*thereto.*The*Company*does*not*provide*any*financial*product*advice.***ForwardELooking*Statements*All* statements* other* than* historical* fact,* contained* in* this* presenta0on* cons0tute* “forwardElooking* statements”* and* are* based* on* reasonable* expecta0ons,*assump0ons*and*projec0ons*by* the*Company*as*of* the*date*of* this*presenta0on.*Expecta0ons*and*assump0ons*are* subject* to*uncertain0es*and*con0ngencies*of*unknown*factors*that*may*cause*varia0on* in*such*forwardElooking*statements*beyond*the*Company’s*ability*to*control*or*predict.*There*can*be*no*assurance*that*forwardElooking*statements*will*prove*to*be*accurate,*as*actual*results*and*future*events*could*differ*materially*from*those*an0cipated*in*such*statements.***Competent*Person*Statement*The* informa0on* in* this* presenta0on* that* relates* to* Explora0on* Targets* and* Explora0on* Results* is* based* on* and* fairly* represents* informa0on* and* suppor0ng*documenta0on*compiled*by*Tony*Pous0e,*a*Competent*Person*who*is*a*fullE0me*employee*of*Caravel*Minerals*Limited*and*a*Fellow*of*the*Australasian*Ins0tute*of*Mining*and*Metallurgy.*Mr.*Pous0e*has*sufficient*experience*that*is*relevant*to*the*style*of*mineralisa0on*and*type*of*deposit*under*considera0on*and*to*the*ac0vity*being*undertaken*to*qualify*as*a*Competent*Person*as*defined*in*the*2012*Edi0on*of*the*‘Australasian*Code*for*Repor0ng*of*Explora0on*Results,*Mineral*Resources*and*Ore*Reserves’.*Mr*Pous0e*consents*to*the*inclusion*in*the*report*of*the*maYers*based*on*his*informa0on*in*the*form*and*context*in*which*it*appears.*In*rela0on*to*the*Wynberg*Project*Mineral*Resources,*Mr*Pous0e*has*sufficient*experience*that*is*relevant*to*the*style*of*mineralisa0on*and*type*of*deposit*under*considera0on*and* to* the*ac0vity* that*he* is* undertaking* to*qualify* as* a*Competent*Person*as*defined* in* the*2004*Edi0on*of* the* ‘Australasian*Code* for*Repor0ng*of* Explora0on*Results,*Mineral*Resources*and*Ore*Reserves’.*Mr*Pous0e*consents*to*the*inclusion*in*the*report*of*the*maYers*based*on*his*informa0on*in*the*form*and*context*in*which* it* appears* and* with* the* consent* of* Kingsgate* Consolidated*Minerals.* It# is# noted# that# an# Explora1on# Target# is# conceptual# in# nature# and# there# has# been#insufficient#explora1on#to#es1mate#a#Mineral#Resource#and#it#is#uncertain#if#further#explora1on#will#result#in#the#es1ma1on#of#a#Mineral#Resource#at#the#Dasher#Prospect#within#the#larger#Calingiri#Project.#F
or p
erso
nal u
se o
nly
Gateway to some of Australia’s most compelling growth project’s
Investor Presentation | October 2013 | Page 3
For
per
sona
l use
onl
y
Investor Presentation | Q4 2013 | Page 4
Projects# Status# Target# Loca1on# Holding# Area#(km2)#
CALINGIRI# Granted#and#Pending# Copper,#Gold,#Molybdenum# WA,#Australia#15#tenements#–#100%####2#tenements#–#80%###5#applica1ons#
915.2#
WYNBERG# Granted# Gold,#Copper# QLD,#Australia#
1#tenement#–#100%#1#tenement#–#op1on#to#earn#80%##1#applica1on#
83.5#
BRYAH## Granted# Copper,#Gold,#Manganese# WA,#Australia# 2#tenements#–#100%#1#tenement#–#92.5%# 345.4#
KUKERIN# Granted# Gold,#Nickel# WA,#Australia# 4#tenements#–#100%# 399.6#
BULLOCK#POOL#&#NANICUP#BRIDGE# Granted# Gold# WA,#Australia# 4#tenements#–#100%#
#1#applica1on# 682.6#
AUSTRALIAN PORTFOLIO
For
per
sona
l use
onl
y
Investor Presentation | Q4 2013 | Page 5
CAPITAL STRUCTURE
Caravel#Minerals#Major#Shareholders#
Cash*:* $1.6*M**
Share*Price:! $0.14*
12*months*range:** $0.01*E$0.05*
Avg.*volume*(3*mths):* 2.4m*
Market*Cap*(undiluted):* A$8M*
Shares*Outstanding:** 560*M*
Listed*Op0ons:* 226*M*
Unlisted*Op0ons:** 26*M*
Fully*Diluted:* 812*M*
*!as!of!September!30,!2013!!
Kingsgate*Consolidated* 24.3%*
Waratah*Investments*Group* 7.1%*
Copulos*Group* 4.8%*
Newstead*South*Holdings* 4.1%*
M*&*C*Hilmer* 4.0%*
Hole*12CADD001*–*225.1m**Dasher*Hole*12CADD001*–*123.9m*
Invest in Growth For
per
sona
l use
onl
y
A Significant New Mineralised District within the Yilgarn Freehold Title - only 90 Minutes from Perth
CALINGIRI PROJECT, WA
Investor Presentation | Q4 2013 | Page 6
30 Km trend with 5 major prospects
For
per
sona
l use
onl
y
A large tonnage, disseminated style, primary copper-molybdenum sulphide system
• Excellent geophysical and drilling results along 7.5km section within 5 prospects
• Exploration Target1 for Dasher Prospect of 60 - 100Mt
grading 0.33 - 0.38% Cu with associated molybdenum, gold and silver
• Initial metallurgical testwork has returned recoveries of
85% - 96% copper and 89% - 98% molybdenum
1.* An* Explora0on* Target* is* conceptual* in* nature* and* there* has*been*insufficient*explora0on*to*es0mate*a*Mineral*Resource*and*it* is*uncertain* if* further*explora0on*will* result* in*the*es0ma0on*of*a*Mineral*Resource.*See*News*Release*dated*2*August*2013*
Investor Presentation | Q4 2013 | Page 7
OUR CORE FOCUS | CALINGIRI
For
per
sona
l use
onl
y
60 - 100Mt grading 0.33 - 0.38% Cu with Mo, Au and Ag
CALINGIRI – DASHER PROSPECT
Investor Presentation | Q4 2013 | Page 8
>200m Composite widths
• Broad intersections of copper-molybdenum-silver-gold mineralisation
• 1,050m long and open
• 50 - 150m thick extending to vertical depths of 275m and open
• 90 mins north of Perth with
infrastructure in place
For
per
sona
l use
onl
y
WYNBERG PROJECT, QLD
140k Inferred resource: 3.1Mt @ 1.4 g/t Au
Recent results have significantly upgraded the potential and prospectivity of the project
Investor Presentation | Q4 2013 | Page 9
For
per
sona
l use
onl
y
Three Significant Prospects with Further Exploration Growth
WYNBERG PROJECT
Investor Presentation | Q4 2013 | Page 10
Cloncurry style copper-gold system with high grade outcropping mineralisation
For
per
sona
l use
onl
y
The sequence is analogous to the regional metasomatic alteration pattern associated with many gold and gold-copper deposits in the Cloncurry District
WYNBERG “A” PROSPECT
Investor Presentation | Q4 2013 | Page 11
Significant historical intersections including:
• 12m @ 7.1 g/t Au from 26 metres
• 6m @ 17.1 g/t Au from 22 metres
• 26m @ 3.8 g/t Au from 4 metres
• 16m @ 3.6 g/t Au from 4 metres
• 4m @ 16.5 g/t Au from 25 metres
• 30m @ 1.5 g/t Au from 106 metres
• 3m @ 22.4 g/t Au from 29 metres
Copper grades of 0.5% - 1.0%
For
per
sona
l use
onl
y
WYNBERG “B” PROSPECT
Investor Presentation | Q4 2013 | Page 12
Robust surface copper-gold anomalies identified from systematic soil samples and semi-continuous zone of outcropping high-grade copper-gold
mineralisation over a strike length of 3 Km
For
per
sona
l use
onl
y
WYNBERG “C” PROSPECT
Investor Presentation | Q4 2013 | Page 13
• Represents the continuation/extension of folded Wynberg A stratigraphy • Surface rock chip grades of up to 50.8% Cu and 13.8g/t Au with
associated silver
For
per
sona
l use
onl
y
BRYAH PROJECT, WA
Investor Presentation | Q4 2013 | Page 14
• Located ~80km north of Meekatharra – 60km south-west of the Degrussa Copper-Gold Deposit
• Anomalous elements are pathfinder elements to Degrussa-style VMS deposits
• Landor prospect semi-continuous zone of outcropping high-grade manganese rock chips discovered showing continuity over 1.5km along north margin of anomaly
Two large multi-element anomalies outlined in a geological setting analogous to the Degrussa deposit F
or p
erso
nal u
se o
nly
BRYAH PROJECT, WA
Investor Presentation | Q4 2013 | Page 15
with average mineralisation of 30% Mn
50% Mn
Discovery of significant manganese mineralisation at Landor Prospect F
or p
erso
nal u
se o
nly
CARAVEL PROJECT SCHEDULE
Investor Presentation | Q4 2013 | Page 16
Quarter
Q4 13
Q4 13
Q4 13/ Q1 14
Q1 14
Q2/3 14
Objective % Completed Notes
Complete a cost efficiency program in corporate and exploration divisions 100
Reduced burn rate and a higher percentage of outgoings being committed to exploration activities
Infill drilling at Calingiri major targets 0 Report a maiden mineral resource at Calingiri
Additional drilling programs to test the four undrilled priority targets at Calingiri 20
Report Exploration Targets for the remaining prospects that are similar or larger than the advanced Dasher prospect
Initial limited drilling to test two large multi-element anomalies at Bryah 15 Identify priority targets and confirm copper-gold /
manganese project prospectivity.
Complete systematic soil geochemical sampling at Wynberg A and B including the Fisher Creek Fault Zone
100 Identify priority targets at the existing prospects and confirm new targets
For
per
sona
l use
onl
y
MANAGEMENT
An experienced, successful and well regarded resources team
MARCEL HILMER CEO & Exec. Director
Fellow of the Institute of Chartered Accountants and a Member of the Australian Institute of Company Directors with more than 30 years experience in executive management of global public and private organizations including 6 years as Business Development Executive with First Quantum Minerals Limited and following as CEO of Forsys Metals
ROWEN COLMAN CFO
Mr. Colman is a Chartered Accountant with over 25 years of senior financial management experience and holds a Bachelor Degree in Commerce. Recently Mr. Colman spent time as Development Director for a major sovereign wealth fund in the Middle East managing multiple development projects globally
TONY POUSTIE Director of Exploration
Mr Poustie is a fellow of the Australian Institute of Mining and Metallurgy. He is a geologist with 44 years international experience in mineral exploration, resource definition, project evaluation and development, and mining. He was General Manager Exploration from 1998 until the takeover of Dominion by Kingsgate Consolidated Limited in 2011, when he took on the role of Chief Geologist
GRAHAM KUBALE Exploration Manager
Mr Kubale is a Geologist with over 12 years’ experience in the resources sector, having worked extensively in greenfields and near-mine exploration for a range of gold, base metal and Iron Ore mineralisation styles in Australia, Asia and Canada. Graham spent several years at Newmont Mining Corporation, Kingsgate Consolidated and Cliffs Natural Resources He holds a Bachelor of Applied Science (Geology)
Investor Presentation | Q4 2013 | Page 17
For
per
sona
l use
onl
y
DIRECTORS
A highly regarded mining focused board
MARCEL HILMER CEO and Executive Director
Fellow of the Institute of Chartered Accountants and a Member of the Australian Institute of Company Directors with more than 30 years experience in executive management of global public and private organizations including 6 years as Business Development Executive with First Quantum Minerals Limited and following as CEO of Forsys Metals
JAMES HARRIS Non-Executive Director
Mr Harris has had extensive experience in both Government and private enterprise in Australia and overseas. He has worked for ten years with both Alcoa of Australia and the United Group Limited. His qualifications are in Legal Studies and Public Administration and he is a Fellow of the Australian Institute of Company Directors
BRETT MCKEON Non-Executive Director
A founding Director of AFG. Currently holds the position of Managing Director at AFG responsible for group strategy and corporate governance
PETER ALEXANDER Non-Executive Director
Over 40 years experience in the Australian and international mining and exploration industry. He was Managing Director of Dominion Mining Limited for 10 years. Mr Alexander is also Chairman of the ASX listed company Doray Minerals Limited
Investor Presentation | Q4 2013 | Page 18
For
per
sona
l use
onl
y
CARAVEL INVESTMENT SUMMARY
Investor Presentation | Q4 2013 | Page 19
An emerging growth story with compelling projects in WA and QLD Calingiri: 5 substantial copper-moly targets within a 7.5km strike length Wynberg: Copper-gold results confirm outstanding potential of projects located in the world-class Cloncurry mineral province Bryah: - Surface samples grading up to 50% Mn with average manganese mineralisation of 30% Mn along a 1.5km strike plus VMS potential Experienced board and management team *
For
per
sona
l use
onl
y
Investor Relations: Paul Armstrong or Nicholas Read
Read Corporate Telephone: +61 8 93881474
Corporate and Operations: Marcel Hilmer, CEO
18 Richardson Street West Perth WA 6005
+61 8 9426 6400
www.caravelminerals.com.au
Investor Presentation | Q4 2013 | Page 20
CONTACT INFORMATION
For
per
sona
l use
onl
y
APPENDIX
For
per
sona
l use
onl
y
Calingiri: Broad Intersections of Copper-Molybdenum-Silver-Gold
Investor Presentation | Q4 2013 | Page 22
Hole%ID% %%%%%%%%%%%%%Interval%(m)%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Composite%Width%(m)%
(excl.%internal%dilution)%
Cu% Mo% Ag% Au%
%%% %%%%%From%%%%%%%%%%%%%%%%%%%%%To% % (%)% (ppm)% (ppm)% (ppb)%
11CARC0111& &&&& 9.0& 126.0& 86.0& 0.41& 162& 1.6& 39&& incl.&&!!!!!! 52.0! 70.0! 18.0! 0.66! 208& 2.8& 36&
12CADD001& & 48.6& 324.2& 233.1& 0.37& 74& 2.0& 37&& incl.&& 170.0! 204.0! 34.0! 0.55! 94& 2.6& 41&& and& 258.0! 272.8! 14.8! 0.69! 57& 3.8& 105&
13CARC012& &&& 48.0& 184.0& 122.0& 0.39& 107& 2.0& ns²&& incl.&&&&!!!! 50.0! 70.0! 20.0! 0.89! 323& 3.9& ns²&
13CARC019& &&& 36.0& 164.0& 116.0& 0.36& 35& 5.1& ns²&& incl.&&&&!!!! 54.0! 74.0! 20.0! 0.70! 29& 11.2& ns²&
13CARC009& &&& 28.0& 110.0& 82.0& 0.39& 34& 4.0& ns²&1&4&2011&drill&results&(previously&reported)& & & & & &2&4&Not&sampled&for&gold& & & & & & && & & &
&
For
per
sona
l use
onl
y
Calingiri: Comparable Mines and Exploration Projects
Investor Presentation | Q4 2013 | Page 23
Mining or Mined Operations Deposit# Project#Owner# Loca1on# Tns#M# Cu#%# Mo#%# Au#g/t# Ag#g/t#
Silver*Bell* 75%*Asarco*and*25%*Mitsui.* United*States* 267* 0.52* 0.01* 0.03* 1.0*
Huckelberry* Huckelberry*Mines*Ltd* Canada* 161* 0.48* 0.00* 0.00* 0.9*
Ithaca*Peak** Unknown* United*States* 172* 0.46* 0.03* 0.03* 2.2*
Bethlehem*E*Highland*Valley* Teck*Cominco** Canada* 309* 0.45* 0.02* 0.01* 0.4*
Lornex*(Highland*Valley)* Teck*Cominco** Canada* 514* 0.43* 0.02* 0.01* 1.2*
Benkala** Fron0er*Mining/*KazCopper*LLP* Kazakhstan* 309* 0.42* 0.00* 0.07* 0.0*
Kounrad* Central*Asia*Metals*PLC* Kazakhstan* 272* 0.40* 0.01* 0.02* 0.6*
Highmont* Teck*Cominco** Canada* 265* 0.27* 0.04* 0.00* 0.9*
Tribag* Teck*Resources* Canada* 165* 0.15* 0.03* 0.00* 0.0*
Exploration Stage Projects Deposit# Project#Owner# Loca1on# Tns#M# Cu#%# Mo#%# Au#g/t# Ag#g/t#
Magistral* Compañía*Minera*Milpo* Peru* 190* 0.83* 0.06* 0.00* 0.0*
Productora* Hot*Chilli*Ltd* Chile* 165* 0.60* 0.01* 0.10* 0.0*
GaspŽ** Noranda* Canada* 336* 0.56* 0.02* 0.06* 2.8*
Pashpap* Northern*Peru*Copper* Peru* 150* 0.55* 0.00* 0.00* 0.0*
Pyramid* Full*Metal*Minerals*(49%),*AntoFagasta*(51%)* United*States* 159* 0.37* 0.02* 0.05* 0.0*
Mocoa* B2Gold* Columbia* 283* 0.37* 0.00* 0.00* 0.0*
Llahuin*Copper*Project* Southern*Hemisphere*Mining*Ltd* Chile* 155* 0.30* 0.01* 0.00* 0.1*
Maggie* Unknown* Canada* 181* 0.28* 0.03* 0.00* 0.0*
Brenda**** Canasil*Resources* Canada* 227* 0.16* 0.04* 0.01* 0.6*
For
per
sona
l use
onl
y