annual general meeting presentation for personal …2013/11/15 · annual general meeting...

Annual General Meeting Presentation Perth WA 15 November 2013

Bruce Kay Technical Director

For

per

sona

l use

onl

y

Company Objectives

Become a cash producing, dividend paying gold producer in 2-3 years

Considerably enhance value by successful exploration

Acquire assets with strong upside potential: the NQM and Normandy experience

Early cash flow is the priority

For

per

sona

l use

onl

y

Four Eagles: 2013 Summary

Hayanmi Gold Prospect extended to 2.6 kms long

Three prospects now defined with high grades (Hayanmi, Discovery and Boyd’s Dam)

Large gold footprint 6 kms by 2.5 kms with potential to extend

Gold is finely divided with good assay repeatability

2014 Objective: Angled drilling to define high grade gold deposit at shallow depth

For

per

sona

l use

onl

y

Virgin Gold Discovery with Excellent Infrastructure

Good road and rail access, power and water

Other gold plants available in district for early cash flow

Freehold land with no native title

Local workforce, no FIFO

Potential for both shallow open pit gold and large gold discoveries F

or p

erso

nal u

se o

nly

Non-Gold Projects

Four Eagles Gold Project

Minnie Springs • $1m of molybdenum exploration • Low grade molybdenum resource defined • Untested tungsten prospect (0.5 – 1% WO3) • Shallow uranium mineralisation (500ppm U) Everton

• Historic Molybdenum production 21,000 tonnes @ 1.4%MoS2

• Scattered molybdenum mineralisation in quarry

• Farm-out potential

For

per

sona

l use

onl

y

Bendigo / Ballarat Gold Zones

DPI predicts 32 Mozs

60 MozsProduction

Whitelaw Fault

Avoc

aFa

ult

Bambra

Fault

Moun

t Willi

amFa

ult

Governor Fault System

N. S. W.

V I C T O R I AFour Eagles Gold Project

Bendigo

NORTH0

kilometres

100

Bendigo - Ballarat Gold Zone

Total Gold Production

38º

36º

143º 145º

Ballarat

Stawell

MELBOURNE

Concealed by Murray Basin Sediments

> 10 million ounces> 1 million ounces> 300,000 ounces

60 million ounces produced2 Deposits > 10 million ounces5 deposits > 1 million ounces

DPI predicts 32 million ounces of gold under cover (source: Victorian Department of Primary Industries, Gold Undercover Initiative)

Historical Gold Production Bendigo-Ballarat Region

For

per

sona

l use

onl

y

Bendigo: a world-class gold target

BENDIGO

URBAN

AREA

His

ato

ricl

Prdo

uctio

n Z

one

Hustlers Line1.6mt @17.6g/t Au(918,000oz)

Garden Gully Line10.8mt @15.0g/t Au(5,203,000oz)

New Chum Line7.9mt @15.1g/t Au(3,850,000oz)

Deborah Line0.46mt @14.7g/t Au(217,000oz)

Sheepshead Line2.3mt @11.6g/t Au(852,000oz)

Nell Gwynne

Line

Napoleon Line

NORTH

0

kilometres

2

Bendigo Goldfield Historical Gold Production

from Lines of Lodes

18 million ounces of reef gold

4 million ounces of alluvial gold

Includes possibly 7 million ounces in top 200 metres

Large footprint (8kms x 3kms)

For

per

sona

l use

onl

y

North Bendigo Gold Belt

Major gold belt emerging north of Bendigo

Totally concealed by Murray Basin sediments

Whitelaw Fault controls gold

Catalyst has 25 kms of strike length

230,000mE 250,000mE 270,000mE 290,000mE

FostervilleGoldfield

BendigoGoldfield

5,960,000mN

5,920,000mN

5,940,000mN

5,980,000mN

Fosterville

Bendigo

EL4525

EL4525Raywood

Mitiamo

Tandarra Project

Whitelaw

Fault

Tandarra F

Four EaglesGold

Project

V I C T O R I A N S W

0

kilometres

20

NORTH

EL5295

Echuca

Rochester

Lockington

Sebastian

6,000,000mN

Pyramid

Catalyst / Providence JVUnity ELs

Gold deposit/occurrenceTown / cityMain RoadRailwayLimit of base-ment outcrop

Lion Gold /Navarre

Unity MLs

Navarre

Crocodile Gold

Timpetra

Exploration Licence Holding Companies

For

per

sona

l use

onl

y

What lies beneath the wheat fields?

0.4m @ 152.0g/t Au (FEDD008) 6.0m @ 82.7g/t Au (FE328) 1.0m @ 18.3g/t Au (FERC002) 3.0m @ 36.6g/t Au (FE415) 1.0m @ 17.5g/t Au (FEDD001) 3.0m @ 20.5g/t Au (FE592) 3.0m @ 9.1g/t Au (FE608)

For

per

sona

l use

onl

y

Four Eagles Gold Zones

Bendigo Pyramid Road

0

kilometre

1NORTH


Whitelaw

Fault

Projected TandarraFault

242,000mE244,000mE 246,000mE

5,992,000mN

5,990,000mN

5,988,000mN

EAGLE 1 TARGET

EAGLE 2

EAGLE 4ZONE

EAGLE 3

E 5AGLETARGET

343

380

328D001

316 (3.85km north)

469

509584

623

619

D008

D007

446

326

648

626

649

Drillhole Intersections (>0.7g/t Au)FEDD001 3.7m @ 4.7g/t Au from 170m inc. 0.8m @ 17.5g/t Au from 173mFEDD007 0.4m @ 8.4g/t Au from 168m and 0.75m @ 15.3g/t Au from 170mFEDD008 0.4m @ 152g/t Au from 150mFERC002 2m @ 1.8g/t Au from 67m and 1m @ 18.3g/t Au from 127mFERC003 2m @ 6.2g/t Au from 49mFE326 1.5m @ 1.81g/t Au from 114mFE328 6m @ 82.7g/t Au from 123mFE343 3m @ 3.34g/t Au from 111mFE380 3m @ 9.71g/t Au from 120mFE399 3.0m @ 1.42g/t Au from 66mFE402 3.0m @ 0.8g/t Au from 90mFE415 6.0m @ 2.6g/t Au from 45m and 3.0m @ 36.6g/t Au from 57mFE469 3.0m @ 1.23g/t Au from 36mFE471 3.0m @ 5.96g/t Au from 75m and 3.0m @ 1.33g/t Au from 81mFE472 3.0m @ 1.2g/t Au from 45m and 3.0m @ 2.32g/t Au from 63mFE492 3.0m @ 1.2g/t Au from 75mFE509 3.0m @ 0.7g/t Au from 84mFE532 3.0m @ 2.1g/t Au from 96mFE535 3.0m @ 1.37g/t Au from 63mFE572A 3.0m @ 1.74g/t Au from 51mFE575 3.0m @ 4.9g/t Au from 66mFE578 3.0m @ 1.14g/t Au from 60mFE579 9.0m @ 2.33g/t Au from 48m and 3.0m @ 1.23g/t Au from 78mFE584 3.0m @ 0.88g/t Au from 117mFE591 3.0m @ 14.7g/t Au from 87mFE592 9.0m @ 7.9g/t Au from 87m incl. 3.0m @ 1.26g/t Au from 87m incl. 3.0m @ 20.5g/t Au from 90m and 3.0m @ 1.94g/t Au from 93mFE595 3.0m @ 2.33g/t Au from 126mFE606 3.0m @ 1.39g/t Au from 102mFE608 3.0m @ 9.1g/t Au from 108mFE619 3.0m @ 0.8g/t Au from 45mFE623 3.0m @ 0.83g/t Au from 33mFE626 1.5m @ 12.9g/t Au from 52.5mFE648 1.5m @ 1.0g/t Au from 82.5mFE649 4.5m @ 1.0g/t Au from 97.5m

Drillholes0.1 to 0.2 g/t Au0.2 to 0.5 g/t Au

0.5 to 1.0 g/t Au1.0 to 5.0 g/t Au> 5.0 g/t Au

Drillhole gradesAu ZoneAs Zone

Discovery

Boyd’s Dam

Hayanmi

471

402

399D005

595

608492

592591

R002472415

572A579

578

R003

575

For

per

sona

l use

onl

y

Hayanmi Trend

20m

30m40m50m

Cuneens Road

North Boundary Road

Yarrawalla East Road

244,000mE 245,000mE

5,991,000mN

5,990,000mN

5,992,000mN

Hayanmi Prospect

Eagle 2Zone

Eagle 2Zone

399 471592591

595492

608

326

452343

446440

623469

402

625626

648 649

HayanmiCross

Section

0

metres

500NORTH

Significant Drillhole Intersections (>0.5g/t Au)

Other IntersectionsFE326 1.5m @ 1.81g/t Au from 114mFE343 3.0m @ 3.43g/t Au from 111mFE446 3.0m @ 0.5g/t Au from 66m

Drillholes

LEGEND0.1 to 0.2 g/t Au0.2 to 0.5 g/t Au

< 20 metres20 - 30 metres30 - 40 metres40 - 50 metres> 50 metres


Drillhole grades Depth to Basement

Au Zone

Eagle 3Zone

Hayanmi Trend

FE399 3.0m @ 1.42g/t Au from 66mFE469 3.0m @ 1.23g/t Au from 36mFE471 3.0m @ 5.96g/t Au from 75m and 3.0m @ 1.33g/t Au from 81mFE492 3.0m @ 1.2g/t Au from 75mFE591 3.0m @ 14.7g/t Au from 87m and 3.0m @ 1.46g/t Au from 93mFE592 9.0m @ 7.9g/t Au from 87m incl. 3.0m @ 1.26g/t Au from 87m incl. 3.0m @ 20.5g/t Au from 90m and 3.0m @ 1.94g/t Au from 93mFE595 3.0m @ 2.33g/t Au from 126mFE608 3.0m @ 9.1g/t Au from 108mFE623 3.0m @ 0.83g/t Au from 33mFE626 1.5m @ 12.9g/t Au from 52.5m and 1.5m @ 0.7g/t Au from 82m and 1.5m @ 0.54g/t Au from 87mFE648 1.5m @ 0.8g/t Au from 64.5m and 1.5m @ 1.0g/t Au from 82.5mFE649 4.5m @ 1.0g/t Au from 97.5m

For

per

sona

l use

onl

y

Hayanmi Cross Section

Potential Ore Zone

3m @ 1.3g/t Au3m @ 20.5g/t Au3m @ 1.9g/t Au

FE593

3m @ 14.7g/t Au

3m @ 1.0g/t Au

3m @ 1.5g/t Au

FE592 D006FE591FE590

125m EOH

117m EOH

134m EOH

108m EOH

99m EOH

Proposed RC/Diamond

Drillholes

Hayanmi Cross Section5990140mN

Clay - Shepparton Fm.SandSiltCarbonaceous ClaySaprolite Zone

Potential Gold ZoneBasement Castlemaine Gp.

244700mE 244800mE 244900mE

-50m

0m

50m

0

Metres

50

For

per

sona

l use

onl

y

Hayanmi Longitudinal Section

MURRAY BASIN SEDIMENTS

FE469

1.5m @ 12.9g/t Au

3m @ 0.8g/t Au

FE649FE626FE402 FE648 FE623

1.5m @ 0.8g/t Au3m @ 1.23g/t Au

4.5m @ 1.0g/t Au1.5m @ 1.0g/t Au

FE471FE608

FE599FE492 FE399 FE592

FE595 FE591

3m @ 2.3g/t Au3m @ 9.1g/t Au

3m @ 1.2g/t Au

3m @ 0.8g/t Au

9m @ 7.9g/t Au3m @ 14.7g/t Au

3m @ 1.3g/t Au3m @ 6.0g/t Au

3m @ 1.42g/t Au 3m @ 0.83g/t Au

2.6 Kilometres

Longitudinal Projection of Hayanmi Structure

5,990,000mN

5,991,000mN 5,992,000mN

50m50m

0

Metres

500

100m

150m

200m

250m

300m

ZONE OF GOLD POTENTIALFOR DRILL TESTING

200 metres

(Vertical exaggeration approx. 6:1)100m

200m

LongitudinalProjection

View lookingWEST

For

per

sona

l use

onl

y

Boyd’s Dam Prospect

Cuneen s Road

0

metres

200

NORTH


245,000mE 245,500mE

5,990,000mN

5,989,500mN

5,989,000mN

EAGLE 4ZONE

Boyd’s Dam Prospect

535

549A

545540

541 R002472415

537

533 532

571572A

575576 579578

580

416R003

D003

Boyd’s DamCross Section

Drillhole Intersections (>0.5g/t Au)

Drillholes0.1 to 0.2 g/t Au0.2 to 0.5 g/t Au



FEDD003 3m @ 0.92g/t Au from 56mFERC002 2m @ 1.8g/t Au from 67m and 1m @ 18.3g/t Au from 127mFERC003 2m @ 6.2g/t Au from 49mFE415 6.0m @ 2.6g/t Au from 45m and 3.0m @ 36.6g/t Au from 57mFE472 3.0m @ 1.2g/t Au from 45m and 3.0m @ 1.2g/t Au from 51m and 3.0m @ 2.32g/t Au from 63mFE532 3.0m @ 0.99g/t Au from 69m and 3.0m @ 2.1g/t Au from 96mFE535 3.0m @ 1.37g/t Au from 63mFE537 6.0m @ 0.8g/t Au from 63mFE541 3.0m @ 0.93g/t Au from 54mFE572A 9.0m @ 0.76g/t Au from 48m inc 3.0m @ 1.74g/t Au from 51mFE575 3.0m @ 4.9g/t Au from 66mFE576 3.0m @ 0.65g/t Au from 78mFE578 3.0m @ 1.14g/t Au from 60mFE579 33.0m @ 0.96g/t Au from 48m inc 9.0m @ 2.33g/t Au from 48m and 3.0m @ 1.23g/t Au from 78mF

or p

erso

nal u

se o

nly

Boyd’s Dam Cross Section

Potential Ore Zone

FERC001FE472

FE415

3m @ 1.3g/t Au

15m @ 8.4g/t Au

FERC002

3m @ 1.0g/t Au3m @ 1.3g/t Au

2m @ 1.8g/t Au1m @ 0.55g/t Au

1m @ 18.3g/t Au

aban

done

d

1m @ 0.6g/t Au

FE542FERC003FE541FE538FERC002a

FERC004

2m @ 6.2g/t Au

Boyd’s Dam Cross Section 5989369N

245500mE

-25m

0m

0

Metres

50

100m

25m

50m

75m

245450mE245400mE

ZONE OF QUARTZ VEINS

WITH GOLD MINERALISATION

245350mE

Clay - Shepparton Fm.SandTorrumberry ClaySaprolite ZoneBasement Castlemaine GpF

or p

erso

nal u

se o

nly

Boyd’s Dam Longitudinal Section

MURRAY BASIN SEDIMENTS

FE580FE572

FE537 FE532FE575

3m @ 0.4g/t Au

FE471

FE545FE415

FE549AFE572A

FE578FE579RC2

RC3

33m @ 1.0g/t Au

1m @ 18.3g/t Au

3m @ 1.0g/t Au

3m @ 1.0g/t Au

2m @ 6.2g/t Au3m @ 2.3g/t Au

15m @ 8.4g/t Au

3m @ 2.1g/t Au3m @

4.9g/t Au

3m @ 1.7g/t Au

700 metres

Longitudinal Projection of Boyd’s Dam

5,989,000mN 5,989,500mN

5,990,000mN

50m

0

Metres

250

100m

150m

200m

250m

ZONE OF GOLD POTENTIAL FOR DRILL TESTING

(Vertical exaggeration approx. 3:1) 100m

200m

LongitudinalProjection

View lookingWEST

For

per

sona

l use

onl

y

Discovery Prospect Cross Section

Eagle 3 Trend

Eagle 2 Trend

356m

D007D008D002D001FE300 FE299

0.4m @ 8.4g/t [email protected]/tAu

FE328FE298 FE329 FE297 FE330 FE296 FE331

6m @ 82.7g/t Au3m @ 0.51g/t Au

3m @ 0.59g/t Au0.7m @ 4.83g/t Au0.8m @ 17.5g/t Au

0.4m @ 152g/t Au

Discovery Cross Section5988925mN

Clay - Shepparton Fm.SandCarbonaceous ClaySaprolite Zone

Potential Gold Zone

ShaleSandstoneQuartz Veins / Shearing

Basement Castlemaine Gp.

244000mE 244250mE

244500mE

-250m

0m

FOLD

AXIS

215.5m EOH

257.1m EOH

TAN

DA

RR

A F.

0

Metres

100For

per

sona

l use

onl

y

Four Eagles Fine and Coarse Gold

Process from Discovery (FE328), Hayanmi (FE471) and Boyd’s Dam (FE415) F

or p

erso

nal u

se o

nly

LeachWELL Correlation Graph

10

20

30

40

±2kg

sam

ple b

y Lea

chW

ELL

(g/t A

u)

10 20 30 40 5030 gram sample by AAS (g/t Au)

Regre

ssion

Line

Regre

ssion

Line

00

5

530 gram sample by AAS (g/t Au)See

Inset

INSET

±2kg

sam

ple b

y Lea

chW

ELL

(g/t A

u)

Hole TypeDiamond holeAircore hole

Correlation 2kg LeachWELL vs 30gm Aqua Regia/AAS

For

per

sona

l use

onl

y

Conceptual Mine Plan F

or p

erso

nal u

se o

nly

Four Eagles 2013/14 Drilling

EL5295

EL4525

Granite


0

kilometres

2NORTH


Whitelaw

Fault

Projected Tandarra Fault

240,000mE 244,000mE 248,000mE

5,990,000mN

5,994,000mN

5,998,000mN

EAGLE 1 TARGET

EAGLE 2ZONE

EAGLE 4ZONE

EAGLE 3ZONE

EAGLE 5TARGET

EAGLE 1

EAGLE 2

EAGLE 3

EAGLE 4

2013 Aircore Drilling

See enlargement plan

EAGLE 1

EAGLE 2

EAGLE 3

EAGLE 4

Reconnaissance Aircore in Shallow Basement Areas

Aircore/RC Infill in Shallow

Basement Areas

316

343

380

328D001

316

469

509584

623

619

D008

D007

446

326

648

626

649

471

402

399D005

595

608492

592591

R002472415

572A579

578

R003

575

Drillholes0.1 to 0.2 g/t Au0.2 to 0.5 g/t Au0.5 to 1.0 g/t Au1.0 to 5.0 g/t Au> 5.0 g/t Au


Basement 0 – 30 metres depthBasement 30 – 50 metres depthBasement > 50 metres depth

Shallow Basement target areas

For

per

sona

l use

onl

y

Drilling Methodology

Potential Ore Zone

125m EOH 125m EOH

Reconnisance Aircore

Infill Aircore

Diamond / RC

Four Eagles Drilling Methodology

Clay - Shepparton Fm.SandSiltCarbonaceous ClaySaprolite ZoneBasement Castlemaine Gp.

244700mE 244800mE 244900mE

-150m

-200m

-100m

-50m

0

Metres

50

For

per

sona

l use

onl

y

2-3 Year Exploration Programme

Recon Aircore Drilling 15,000m/$0.5M

Grid Follow up Aircore drilling 30,000m/$1.0M

Angled RC Drilling 15,000m/$1.0M

Angled Diamond Drilling 5,000m/$1.5M

This would give about 50 Ore Cross Sections

Estimated Total Cost to JORC Resource: $5M For

per

sona

l use

onl

y

Heads of Agreement Initial Phase $2,100,000 exploration spend by January 2014 to earn

50% interest in project. Completed June 2013

Future Farm-in $2,100,000 exploration spend to earn up to 75% interest in

project (assumes non-contribution by Providence at 60%) Catalyst gives Providence staged conditional shares and cash

at 60%, 70%, 75% and Feasibility (1.5 m CYL shares: $230,000) Providence Gold & Minerals 25% free carried until decision

to mine Providence can elect to take 2.5% royalty on mine project

Four Eagles Farm-in Agreement F

or p

erso

nal u

se o

nly

Catalyst Capital Structure

Capital Structure (ASX: CYL) 47,303,033 fully paid ordinary shares

– 1,000,000 unlisted 20 cent options expiring 30/06/2014 – 750,000 unlisted 30 cent options expiring 30/06/2015 – 350,000 unlisted Performance Rights

Top 20 control approximately 70% of issued capital

Cash in hand A$0.9 million (at 30 Sept 2013)

Market Capitalisation A$14 million (at 30 cents per share) F

or p

erso

nal u

se o

nly

Directors Bruce Kay – Technical Director Stephen Boston – Chairman Robin Scrimgeour – Non-executive Gary Schwab – Non-executive Officers Frank Campagna – Company Secretary John Arbuckle – Consultant

Corporate Structure F

or p

erso

nal u

se o

nly

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 non-executive director of Catalyst Metals 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 of the ‘Australasian Code for Reporting of Exploration, 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.

Competent Persons Statement F

or p

erso

nal u

se o

nly

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 own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information in it constitutes an offer, 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 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.

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 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 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.

Disclaimer and Forward Looking Statements F

or p

erso

nal u

se o

nly

Annual General Meeting Presentation Perth WA 15 November 2013

Bruce Kay Technical Director

For

per

sona

l use

onl

y

annual general meeting presentation for personal …2013/11/15 · annual general meeting...

Documents