Investor P Presentation i 13 February 2012 Bruce Kay - - PowerPoint PPT Presentation
Investor P Presentation i 13 February 2012 Bruce Kay - - PowerPoint PPT Presentation
Investor P Presentation i 13 February 2012 Bruce Kay Non-Executive Director Catalyst Metals Ltd C Company Objectives Obj ti To create shareholder value by pursuing advanced gold and metals projects Develop a defined economic
Catalyst Metals Ltd
C Obj ti Company Objectives
To create shareholder value by pursuing advanced
gold and metals projects
Develop a defined economic resource at Four Eagles
Gold Project in Victoria
Exercise option on Unity Gold Plant at Bendigo to
p y g process gold from Four Eagles
Early cash flow is the priority
Current Projects
Mi i S i Minnie Springs
Molybdenum Tungsten Project Tungsten Project
Everton
Molybdenum Project
Four Eagles Gold Project
Molybdenum Project
Making Things Happen
Major drilling campaigns in 2011 (13,187 metres) Option Agreement signed to purchase Unity Gold Plant Shallow high grade gold intersected Gold footprint now 5 kms x 3 kms
ibl ld i f d d fi d
Four possible Gold Lines of Lode defined
50
Cents
C t l t Sh P i
40 50
High 51 cents
Catalyst Share Price
20 30
Low 20.5 cents Feb 11 May 11 Aug 11 Nov 11 Feb 12
North Bendigo Gold Belt
230,000mE 250,000mE 270,000mE 290,000mE
F E l
V I C T O R I A N S W
NORTH
EL5295
Echuca
6,000,000mN
Pyramid
Major gold belt
emerging north of Bendigo
5,980,000mN
EL4525
Mitiamo
White
Tandar
Four Eagles Prospective Target
Lockington
Bendigo
Totally concealed by
Murray Basin
5,960,000mN
Tandarra Project
elaw Fault
rra F
Rochester
Gold deposit/
- ccurrence
Town / city Main Road Railway
y sediments
Whitelaw Fault
, ,
EL4525
Raywood Sebastian
Catalyst / PGM Farmin Drummond / Unity JV y Limit of base- ment outcrop Exploration Licence Holding Companies
controls gold
Catalyst has 25km of
F t ill Bendigo Goldfield
5,940,000mN
Fosterville Bendigo
Unity JV Castlemaine Unity 100% Navarre / Northgate Northgate
strike length
Option over Unity
D d P t ti l
Fosterville Goldfield Goldfield
5,920,000mN kilometres 20
Timpetra
Drummond Potential
Bendigo / Ballarat Gold Zones
DPI predicts 32 million ounces of Gold under Cover
DPI
Governo
N S W
Bendigo - Ballarat
Gold Zone
143º 145º
p
(source: Victorian Department of Primary Industries, Gold Undercover Initiative)
DPI predicts 32 Mozs
W h i t e l a w F rnor Fault System
- N. S. W.
Four Eagles Gold Project
Gold Zone
38º
60 million ounces produced 2 Deposits > 10 million ounces
60 M
F a u l t F a u l t
V I C T O R I A g j
p 5 deposits > 1 million ounces
60 Mozs Production
ca Fault unt William F Bendigo Total Gold Production Ballarat
Stawell
> 10 million ounces > 1 million ounces > 300,000 ounces Avoc Fault Mou
36º
Ballarat
MELBOURNE
Concealed by Murray Basin Sediments
300,000 ounces B a m b r a
NORTH
kilometres 100
Bendigo: historic gold production
1,000
‘000 oz Au PRODUCTION BY YEAR BENDIGO GOLDFIELD FIRST 11 YEARS
Alluvial oz Au Lode oz Au TOTAL oz Au 300 000
600 800 Alluvial ounces 4.0 Moz Reef ounces 18.0 Moz Total 22.0 Moz
300,000 700,000 980,000 620,000 650,000
200 400
650,000 880,000 750,000 730,000 690,000
1850 1870 1890 1910 1930 1950
570,000 410,000
TOTAL 3,570,000 3,710,000 7,280,000
Estimated 50,000 ounces per vertical metre E 100 t t i 5 illi
Every 100 metres contains 5 million ounces
Bendigo: a world-class gold target
New Chum Line
7.9mt @15.1g/t Au (3,850,000oz)
Nell Gwynne Li
Bendigo Goldfield
Line of Lodes
BENDIGO
- n
Z
- n
e
Garden Gully Line
10.8mt @15.0g/t Au (5,203,000oz)
Line
18 million ounces
reef gold
URBAN
a ric l P r d
- u
c t i
- Hustlers Line
1.6mt @17.6g/t Au (918,000oz)
Deborah Line
reef gold
4 million ounces
alluvial gold
AREA
H i s t
- r
0.46mt @14.7g/t Au (217,000oz)
Sheepshead Line
2 3mt @11 6g/t Au
Napoleon Line
alluvial gold
Possibly 7 million ounces
in top 200 metres
2.3mt @11.6g/t Au (852,000oz)
NORTH
in top 200 metres
Large footprint
(8k 3k )
kilometres 2
(8kms x 3kms)
Bendigo Target Size
Garden Gully Line of Lode (South)
SOUTH
500RL
249,000 oz (18.0g/t Au) 825,000 oz (19.2g/t Au) 1.372 Moz (13.3g/t Au)
0RL
- 500RL
Metres
1000 126 000mN 127 000mN
- 1000RL
125 000mN 124 000mN
Historic Stoping
LEGEND 1,000 metre depth
TOTAL GARDEN GULLY PRODUCTION
126,000mN 127,000mN 125,000mN 124,000mN
10.8 million tonnes @ 15g/t Au (5.2 million ounces)
Bendigo Target Size
Garden Gully Line of Lode (North)
NORTH SOUTH
500RL
1.070 Moz (17.0g/t Au) 1.014 Moz (14.2g/t Au) 693,000 oz (13.4g/t Au)
0RL
- 500RL
Metres
1000 131,000mN 132,000mN
- 1000RL
130,000mN 129,000mN 128,000mN
Historic Stoping
LEGEND 1,000 metre depth
TOTAL GARDEN GULLY PRODUCTION
, , , , ,
10.8 million tonnes @ 15g/t Au (5.2 million ounces)
2011 North Bendigo Gold Rush
Not trying to prove the old timers wrong Not spending $50 - $100 million below old workings
p g $ $ g
Looking for virgin discoveries under shallow cover Cheap exploration using Aircore ($2,000 per hole) Potential open pit or shallow underground will negate Potential open pit or shallow underground will negate
nugget problem
Catalyst wants the Bendigo that was mined from 1852 – 1862 : 7 million ounces f
What lies beneath the wheat fields?
6m @ 82.7g/t Au (FE328) 1m @ 18 3g/t Au (FERC002) 1m @ 18.3g/t Au (FERC002) 3m @ 31.3g/t Au (FE415) 1m @ 17.5g/t Au (FEDD001) 3m @ 9.7g/t Au (FE380)
5mm
Four Eagles Gold Project
Four Eagles Drill Cross Section
FERC001 FE472 FE415 FERC002
Four Eagles Cross Section 5989369N
100m
a b a n d
- n
e d
80m
COVER SEDIMENTS
3m @ 1.3g/t Au 6m @ 2.4g/t Au 3m @ 31 3g/t Au 3m @ 1.0g/t Au 3m @ 1.3g/t Au 2m @ 1.8g/t Au
ORDOVICIAN
40m 60m
OXIDISED / SAPROLITIC BASEMENT
3m @ 31.3g/t Au 1m @ 0.55g/t Au 1m @ 0.6g/t Au
BASEMENT
20m
Gold Mineralisation
>0.1g/t Au significant Au intercept >0 1g/t Au
1m @ 18.3g/t Au
20 0m
ZONE OF QUARTZ VEINS WITH GOLD MINERALISATION
>0.1g/t Au
Arsenic Anomalism
>100ppm As
245380mE 245420mE 245480mE 245500mE
- 20m
Metres
50 245440mE 245460mE 245400mE
Four Eagles Drill Cross Section
Proposed Diamond Drillholes 2012
Four Eagles Cross Section
5988925mN
DHP 01 DHP 02 FE300 FE299 FE328 FE298 FE329 FE297 FE330 FE296 FE331 FE295 FE294 DD DD 3m @ 0.51g/t Au, from 78m 3m @ 0.29g/t Au from 81m 3m @ 0.59g/t Au from 123m
0m
3m @ 1.0g/t Au from 126m 6m @ 82.7g/t Au from 123m; 6m @ 1.9g/t Au from 135m 0.7m @ 4.83g/t Au 0.8m @ 17.5g/t Au 0.4m @ 2.08g/t Au from 170 176m
Clay - Shepparton Fm. Sand Carbonaceous Clay Saprolite Zone
FEDD001 356m from 170-176m 0.7m @ 1.63g/t Au from 504m
Saprolite Zone Shale Sandstone Laminated Quartz Veins Basement Castlemaine Gp.
- 250m
FOLD AXIS
250
FEDD002 511m
244000mE 244250mE 244500mE 244750mE
Metres
Gold Footprint of Bendigo Goldfield
Four Eagles Gold Footprint
- f Bendigo
Goldfield
W h i
4 NORTH
Bendigo
8km x 3km
h i t e l a w F a u l t
EL5295
kilometres
Drillholes 0.2 to 0.5 g/t Au 0.5 to 1.0 g/t Au 1.0 to 5.0 g/t Au > 5.0 g/t Au Prospective target trend
INSET
Four Eagles
5km x 3km and growing
Prospective target trend Gold Zone As Zone Fault Railway Main Road
SEE INSET
W h
and growing
Bendigo Goldfields Total Production Bendigo Goldfield line of lode overlay
h i t e l a w
EAGLE 2 ZONE EAGLE 5 TARGET
Total Production (1851 - 1954)
- 18 million ounces
reef gold (14g/t Au)
- 4 million ounces alluvial gold
- 7 million ounces in
first 10 years
Mitiamo
F a u l t
Bendigo Goldfield Line of
EAGLE 1 TARGET EAGLE 4 ZONE EAGLE 3 ZONE
EL4525
2 km
Line of Lode Overlay
Four Eagles Gold Project
250,000mE 240,000mE
EL5295
Railway
6,000,000mN
Drillholes 2011 Aircore (Catalyst) 0.2 to 0.5 g/t Au 0.5 to 1.0 g/t Au 1.0 to 5.0 g/t Au > 5.0 g/t Au Gold Zone
5,990,000mN
Catalyst & Navarre GOLD TRENDS
Arsenic Zone Main Road
Note: No Arsenic data available for Navarre
EL4525
Catalyst Metals
W h i t e l a w F a u l t
Mitiamo
5,990,000mN 5,980,000mN
East Tandarra Trend
5,970,000mN
Trend Tandarra Trend
EL4897
Navarre Minerals
kilometres 5 NORTH
5,970,000mN
2012: Testing the Third Dimension
Large gold footprint in oxidised zone with high grades
but little testing below
Angled RC and Diamond drilling of Lines of Lode Geophysics (CSAMT) to map quartz veins Geophysics (CSAMT) to map quartz veins Further Aircore drilling (10,000 metres) along
Whi l F l Whitelaw Fault
Objective: Minimum 150 000 ounces Objective: Minimum 150,000 ounces
- f Inferred Gold Resource
Four Eagles Gold Project
Heads of Agreement
Initial Phase
$2 100 000 exploration spend by January 2014 to earn 50% $2,100,000 exploration spend by January 2014 to earn 50%
interest in project with approx. $800,000 spent to date
$100,000 cash (payable before 20 March 2012)
$ , (p y )
750,000 CYL shares (to be issued before 20 March 2012)
At Farmin At Farmin
2,500,000 CYL shares
Future Farmin Future Farmin
$2,100,000 exploration spend to earn up to 75% interest in
project
Providence Gold free carried until decision to mine
Unity Gold Plant
600,000 tpa 600,000 tpa Original cost
- approx. $65M
- approx. $65M
Built in 2006 Gravity/CIL 90% recovery 90% recovery Exploration ground
Unity Gold Plant Option
Option Agreement
Pre exercise
$100 000 cash at signing to secure 12 month option $100,000 cash at signing to secure 12 month option 1,000,000 CYL shares escrowed for 6 months 3 x $100,000 cash payable quarterly over 12 month option period with
right to withdraw at any time right to withdraw at any time
Unity to keep tenements in good standing and maintain plant and
equipment during option period
Post exercise (31 January 2013) Post exercise (31 January 2013)
2,000,000 CYL shares $4,000,000 of CYL shares to a maximum of $10,000,000 Deferred royalty on future production with initial payment of Deferred royalty on future production with initial payment of
$2,000,000 after 50,000t, plus production royalty of $5/t up to maximum of $4,000,000
Replace environmental bond of approximately $6 000 000 Replace environmental bond of approximately $6,000,000
Minnie Springs Project, W.A.
380,000mE 400,000mE 420,000mE
>0.5% 0.05 - 0.5% <0 05%
Tungsten in Rock (%W)
Gascoyne Mo-W Project
Catalyst Metals
7,340,000mN
<0.05% 200 Metres
7,335,800mE 7,336,200mE
Project
E0901776
E0901174
Nina Tungsten Project
389,400mE 389,800mE , ,
7 320 000mN
23m @ 0.16% & 17 @ 0 1% M S2
4
E0901303
E0801174
Minnie Creek Molybdenum Project
7,320,000mN
Molydenum
7,320,000mN
62m @ 0.15% MoS2 17m @ 0.1% MoS2 31m @ 0.18% MoS2 14m @ 0.10% MoS2
6 7 5
10
NORTH
45 - 142 15 - 45 5- 15
y in Soil & drilling
92m @ 0.04% MoS2 11m @ 0.1% MoS2
1 8
kilometres 7,318,000mN 395,000mE 393,000mE
Everton Project, Victoria
4 4 4 000mN
EL4866
Wangaratta Beechworth
Visible Molybdenum Rock sample points 5,000 to 18,400 1,000 to 5,000 500 to 1 000 qua
462,200mE 462,100mE 462,300mE 9,570,000mN
EL4866
Everton
Canberra
500 to 1,000 0 to 500 Mine adit Historic workings Felsic Intrusive Sediments quarry limit
kilometres 10
Myrtleford
Melbourne
Everton
VICTORIA
5,969,800mN
Historic Molybdenum Production 1917–1944 21,000 tonnes @ 1.4% MoS2
5,969,700mN
quarry limit
5,969,600mN
NORTH metres 100
Catalyst Capital Structure
Capital Structure (ASX:CYL)
41,344,369 fully paid ordinary shares
1 000 000 li t d 20 t ti i i 30/06/2014
– 1,000,000 unlisted 20 cent options expiring 30/06/2014 – 1,000,000 unlisted 30 cent options expiring 30/06/2015 – 1,000,000 unlisted Performance Rights
, , g
Top 20 control approximately 75% of issued capital
Cash in hand Cash in hand
A$1.8 million (at 31 December 2011)
M k t C it li ti Market Capitalisation
A$19 million (at 45 cents per share)
Current Capital Raising
Share Purchase Plan
$0.40 per share – 8.7% discount to 5 day VWAP Shareholders can apply for up to $15 000 each Shareholders can apply for up to $15,000 each Maximum shares that can be issued is 12.4 million to
raise $4.96 million raise $4.96 million
Timetable:
– Opens 15 February 2012 / Closes 14 March 2012 – Issue shares 20 March 2012 / Trading 21 March 2012
Bonus Issue – Loyalty Options
1:8 entitlement issue within next 3 months Intend to be listed on ASX Exercisable at $0 50 each expiring 15 January 2013 Exercisable at $0.50 each, expiring 15 January 2013 Funds to be used for Unity acquisition
Corporate Structure - Directors
Stephen Boston – Non-executive Chairman
The principal of a Perth-based private investment group specialising in the Australian resources sector. Previously worked as a Stockbroker from 1984 to 1998 in Perth and Sydney in Perth and Sydney.
Bruce Kay – Non-executive Director
Bruce was previously responsible for global exploration for Newmont Mining Corporation and Normandy Mining Limited Prior to this he held senior positions Corporation and Normandy Mining Limited. Prior to this he held senior positions within Western mining Corporation. Bruce has been a director and chairman of several other Australian listed companies and has over 30 years’ experience in international gold, base metals, and nickel exploration.
Robin Scrimgeour – Non-executive Director
The principal of a Singaporean-based Private Investment Company. Previously worked for an International Bank providing structured hybrid financing for Asian based Clients based Clients.
Gary Schwab – Non-executive Director
Over 40 years business experience, including 20 years in the resources sector. Previously Executive Director of a privately owned bulk commodities group y p y g p responsible for managing long term wealth creation strategy (in conjunction with the principal and owner) which culminated in the creation of one of Australia’s wealthiest unlisted private bulk commodities companies.
Corporate Structure
Advisors
John Arbuckle – Corporate Advisor
John is an accountant with extensive experience in the resources industry in John is an accountant with extensive experience in the resources industry in Australia and overseas. Currently he operates a corporate advisory business that provides corporate and capital financing advice to resource industry companies. Previously he was the Chief Financial Officer of Mount Gibson Iron Limited and Perilya Limited where he guided both companies through difficult operational Perilya Limited, where he guided both companies through difficult operational start up phases. Prior to this he held senior financial management roles with Rio Tinto Limited, North Limited and Anaconda Nickel Limited.
Competent Person’s Statement Competent Person s Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Bruce Kay, who is a Fellow of the Australasian Institute of Mining and Metallurgy and is a consultant to Catalyst Resources
- Limited. Mr Kay has sufficient experience that is relevant to the style of
mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition
- f the ‘Australasian Code for Reporting of Exploration, Results, Mineral Resource
- f the Australasian Code for Reporting of xploration, Results, Mineral Resource
and Ore Reserves’. Mr Kay consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
Disclaimer and Forward Looking Statements
Thi t ti h b d b C t l t M t l Li it d (“C t l t”) Thi d t t i b k d
This presentation has been prepared by Catalyst Metals Limited (“Catalyst”). This document contains background information about Catalyst current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their
- wn analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and
- pinions contained in this presentation.
This presentation is for information purposes only Neither this presentation nor the information in it constitutes an
This presentation is for information purposes only. Neither this presentation nor the information in it constitutes an
- ffer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.
This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdictions. Recipients should inform themselves of the restrictions that apply in their own
- jurisdiction. A failure to do so may result in a violation of securities laws in such a jurisdiction.
This presentation does not constitute investment advice and has been prepared without taking into account the
This presentation does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. financial or political developments.
To the fullest extent permitted by law, Catalyst and its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.
This presentation may include forward looking statements Forward looking statements are only predictions and are
This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Catalyst. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under any applicable law and the ASX Listing Rules, Catalyst does not undertake any obligation to update or revise any f f h f d l k h f h d information or any of the forward looking statements in this presentation of any changes in events, conditions or circumstances on which any such forward looking statement is based.