Pyrite - Uses, markets & offtake
Revised Terms for Acquisition of Mount Morgan Project – Valuation Update
Carbine Resources - Management Update
DFS – Valuation Update & Analysis
DFS – Management Update
Resource Upgrade – Valuation Update
Presentation – RRS Conference
Valuation update and analysis
What Makes A Successful Tailings Re-Treatment Projects?
Pyrite - Uses, markets & offtakeCarbine has signed a 3 year binding offtake agreement for their pyrite production. We discuss with management: What pyrite is used for; The markets; and Terms of the offtake agreement.
Management UpdateCarbine’s management provided an update on recent activities. Key topics discussed include:
- Government approvals;
- Pyrite offtake;
- Front End Engineering and Design; and
- Targets for the upcoming quarter.
Revised Terms for Acquisition of Mount Morgan Project – Valuation UpdateCarbine Resources (ASX:CRB) has announced they have re-negotiated terms for the remaining 25% interest in the Mount Morgan gold copper tailings re-treatment project in Queensland. As a direct result, Carbine has an exclusive option to acquire Raging Bull Mining (RBM). On exercise of the option, subject to any necessary approvals, the shareholders of RBM will receive:
- 25 million Carbine shares;
- A$2.3 million in cash or shares at the election of Carbine (number of shares based on the 15 day VWAP at the time of option election); and
- 1.0% royalty.
Carbine Resources - Management UpdateInterview with Managing Director, Tony James, for an update on:
- Proposed transaction with Raging Bull for Mt Morgan;
- Approval applications that were submitted to State authorities;
- An update on the pyrite offtake negotiation and market update: and
- An update on project financing.
DFS – Valuation Update & AnalysisCarbine Resources (ASX:CRB) has announced a positive Definitive Feasibility Study for their Mount Morgan gold copper tailings re-treatment project in Queensland. This analysis includes:
- A review of the study results;
- Update our valuation analysis; and
- Highlight the long term potential impact on the project.
DFS – Management UpdateInterview with Managing Director, Tony James, to discuss the Mount Morgan DFS results in more detail. Topics discussed include: DFS highlights; Operating & capital cost assumptions; Mine life; and Path towards production.
Resource Upgrade – Valuation UpdateCarbine Resources (ASX:CRB) has announced a significant resource upgrade at their Mt Morgan gold copper tailings re-treatment project in Queensland. This has seen the total resource grow by around 20% or 1.8Mt to 397,000oz of contained gold. The resource upgrade will form the basis for the Definitive Feasibility Study (DFS) which is due to be released during September 2016. We have increased our valuation for Carbine to $0.50 / share (previous $0.40 / share).
Presentation – RRS ConferencePresentation by Managing Director, Tony James at the Resources Rising Stars conference on the Gold Coast – May 2016
Valuation update and analysisThis analysis take a look back at what Carbine achieved during 2015, the key targets for 2016 as well as our current and long term valuation for Carbine.
What Makes A Successful Tailings Re-Treatment Projects?Historical operations typically mined higher grade ores as well as lower metallurgical recoveries compared to today’s operations. This has presented a unique opportunities in select circumstances for these historical tailings to be reprocessed and the remaining minerals to be economically extracted We review other tailings re-treatment projects globally to determine what makes them work.