Craton Gold
High-Grade Gold Underexplored Terrain
JulyCraton 2016 Gold Craton Gold Pty Ltd www.corporategeosciencegroup.com Disclaimer.
Cautionary Statement
This Document provides a summary of Craton Gold Pty Ltd (ACN 609 094 653) (“CRT”). This Document is not, and should not be, construed to represent any form of prospectus or formal support to any capital raising activities as outlined in Section 708 of the Corporations Act. It is supplied for the benefit of those with an interest in CRT, not as specific investment advice to any particular party or person.
Forward Looking Statement
Whilst based on information from sources considered reliable, CRT does not represent, warrant or guarantee, expressly or impliedly, that the information in this document and presentation is complete or accurate. To the maximum extent permitted by law, CRT disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to our notice, which may affect any of the information contained in this document and presentation.
Competent Person Statement
Information herein relating to Exploration Targets and Results is based on information compiled by Drs Oliver Kreuzer and Kris Butera, who Members of The Australian Institute of Geoscientists (AIG) and The Australasian Institute of Mining and Metallurgy (AusIMM), and Dr Amanda Buckingham, who is a Member of The Australian Society of Exploration Geophysicists (ASEG).
Drs Kreuzer, Butera and Buckingham have more than 15 years experience relevant to the style of mineralisation and type of deposit being reported and to the activity which they are undertaking to qualify as a Competent Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of exploration Results, Minerals Resources and Ore Reserves' (the JORC Code). This report is issued with the prior written consent of the Competent Persons as to the form and context in which it appears.
Drs Kreuzer and Buckingham are Directors, and Dr Butera is a Shareholder in CRT.
Craton Gold Pty Ltd 2 Highlights. Value Proposition
Granted exploration license E 70/4787 over Bottleneck
Recent shallow gold discovery in the southwestern Yilgarn Craton of Western Australia
eBroad- or grade intervals up to 30 m down hole, and high grades up to 75 g/t Au
Openn- dow plunge and along-strike
Possible system of stacked high-grade ore shoots
Excellent upside and potential for new gold discoveries along the controlling Kukerin shear zone
Additional applications with identified high-priority exploration targets
E 70/4853 (Lake Grace), E 70/4854 (Kulin), and E 70/4855 (Griffin’s Find)
Proven award-winning targeting technology and approach
3rd place in both the Integra (herox.com/IntegraGoldRush) and Karelian (goldrush.endomines.com/) Gold Rush challenges
Proprietary targeting and geophysical technology and methodologies
Craton Gold Pty Ltd 3 Objective. Create Value Through Exploration
Pre-IPO fund raising for a maiden exploration program, including:
Geochemical surveys
(Roadside) laterite sampling covering all four of CRT’s tenements
Auger or RAB drilling to better define known and newly identified high-priority target areas
Detailed ground gravity surveys
Better define geological controls on the location and distribution of gold mineralization, in particular at Bottleneck
Drilling
D efine the size and grade potential and continuity of the gold mineralized system at Bottleneck
T est for the presence of a stacked lode system at and additional mineralization near Bottleneck
M odest program of RC drilling to test the most promising targets beyond Bottleneck
IPO within 18 to 24 months from initial fund raising
Craton Gold Pty Ltd 4 SW Yilgarn. Underexplored Gold Terrane SW Yilgarn. Underexplored Gold Terrane
Historic exploration of the Archean Southwest Terrane was sporadic
Despite the region hosting the giant, world-class Boddington gold mine (>30 Moz Au, >0.8 Mt Cu)
Prior exploration of the SW Southwest Terrane possibly hampered by
Agricultural potential of the Wheatbelt region of Western Australia taking precedence over mining exploration
The region being more densely populated than the eastern and northern Yilgarn
Extensive regolith cover and sparse outcrop
Previous lack of high-resolution geophysical data
Lack of understanding of the geology, which is more complex than previously thought
Prevailing doctrine of high-grade metamorphic rocks having no, or little, potential for hosting large gold deposits
The 2005 Tropicana gold mine discovery (>6 Moz Au) rebutted this argument for good!
Scarcity of new gold discoveries post 1980s
The sum of the above equals big opportunity
Craton Gold Pty Ltd Photo: Southern Portion Of CRT’s Griffin’s Find Project (Looking S) 6 SW Yilgarn. Underexplored Gold Terrane
Southern Cross Belt Calingiri (10 Moz Au) (1.4 Mt Cu) Edna May (1.6 Moz Au)
Southwest Terrane Perth Mt Holland (Yilgarn Craton) (2.5 Moz Au)
Tampia (0.3 Moz Au) Boddington (30 Moz Au, 0.8 Mt Cu)
Katanning Bottleneck (0.6 Moz Au) Great Southern (1.0 Moz Au)
Craton Gold Pty Ltd 7 SW Yilgarn. Underexplored Gold Terrane
Gold deposit styles of the Archean Southwest Terrane, Yilgarn Craton Katanning Style Tampia (Gault) Style Boddington Style
(Re-)Discovery Year 1979, 2010 1987, 2011 1979
Endowment (Moz Au) >0.6 >0.3 >30.0
Average Grade (g/t Au) 1.3 2.0 1.0
Copper Credits (t Cu) None 800,000
Archean gold rich porphyry, or metamor- Deposit Model & Age Metamorphosed Archean orogenic gold system phosed intrusion-related gold system
Outcrop Minimal (c. 1%) None
Mafic gneiss (granulite) of the Katanning Mafic gneiss (granulite), banded felsic gneiss Diorite and andesite, and pyroxenite dykes of the Host Rocks Greenstone Belt (granulite), granitic intrusions, dykes and sills Saddleback Greenstone Belt
Metamorphic Grade Granulite facies Amphibolite to granulite facies Greenschist to amphibolite facies
Gold, pyrrhotite, pyrite, chalcopyrite, magnetite ± Gold, non-magnetic pyrrhotite, arsenopyrite, Gold, chalcopyrite, pyrrhotite ± galena ± Ore Mineral Assemblage molybdenite chalcopyrite ± pyrite molybdenite ± scheelite ± diverse trace minerals
Quartz Quartz (veins are common), albite, sericite, illite, Gangue Mineral Assemblage (veins are rare) actinolite, clinozoisite, biotite
Multiple stacked lodes, up to 20 m thick and Multiple stacked lodes, up to 25 m thick and Multiple vein stockworks, breccia and lateritic Orebody Shapes greater 1,200 m long greater 150 m long reserves over an area of c. 5 by 1 km
Free gold and gold attached to and within Free gold and gold attached to and within Free gold and gold attached to and within Gold Mode Of Occurrence sulphides; nuggetty; high grades up to 53 g/t Au sulphides; nuggetty; high grades up to 109 g/t Au sulphides; gold in laterite (lateritic reserves)
Gold Recovery Factor 92% 82% No Data
Shear zones, faults, competency contrasts, Shear zones and faults, Shear zones, faults, competency contrasts, Structural & Genetic Controls Plunging, tight (isoclinal) fold hinges, Plunging, tight (isoclinal) fold hinges K-rich, post-tectonic monzogranite intrusion Felsic igneous (adamellite) dykes
Stockwork, breccia and regolith hosted, Orebody Styles Disseminated and breccia hosted Disseminated disseminated
Geochemical Signature Au ± As Au-Cu ± Bi ± Mo ± W
We can very effectively target these systems using proprietary geophysical tools and our Southwest Terrane database
Craton Gold Pty Ltd 8 Bottleneck. Our Flagship Project Bottleneck. An Outstanding Opportunity
Excellent prospectivity
Shallow (near surface) gold discovery with existing high-grade intercepts up to 75 g/t Au
Broad mineralised intervals up to 30 m downhole length
Gold deposits in the region are known to occur as clusters of stacked lodes greater 1,200 m long and up to 25 m thick
Excellent potential down-plunge and along strike
Previous drilling appears to have missed the down-plunge extension of the Bottleneck gold system
Previous drilling very shallow (average hole depth = 36 m)
Most holes were aircore holes designed to obtain a geochemical sample of concealed bedrock
Complimentary portfolio of high priority targets and concepts
Located in a neglected, underexplored part of the Yilgarn Craton
Excellent access
Craton Gold Pty Ltd 10 Bottleneck. Prospective Belt Not Recognised Until 2008
Located At A Fault Bend, And Within A potential Metamorphosed, Dilatant Setting Tightly Folded Greenstone Belt (>20 km-Long) Bottleneck
Bottleneck
E70/4787
Craton Gold Pty Ltd 11 Bottleneck. Broad Intercepts, Exciting Grades
Hole ID From (m) To (m) Interval Au (g/t) 08KUAC075 * 24 45 21 3.5 including 33 36 3 12.2 09KUAC012 18 36 18 3.5 including 27 30 3 18.8 09KUAC009 30 45 15 5.3 including 33 36 3 16.7 09KUAC008 ** 18 48 30 2.0 including 33 48 15 3.5 09KUAC011 33 48 15 1.5 including 42 45 3 6.8 09KUAC158 24 31 7 6.4 including 24 25 1 21.4 09KUAC164 21 26 5 17.3 including 24 25 1 75.1
* Discovery hole; ** Hole ends in mineralisation.
Craton Gold Pty Ltd 12 Bottleneck. Broad Intercepts, Exciting Grades
08KUAC075 (Discovery Hole) 164 007 012 Bottleneck X-Section 158 002 009 6308100mN 008 (next slide) 011
Stanley Red Hole Number Prefixes = 09KUAC Hill
Selected Intercepts, Bottleneck Bottleneck Hole ID From (m) To (m) Au (g/t) Drill Collars 08KUAC075 24 45 3.5 (Mainly Shallow AC) 09KUAC012 18 36 3.5
09KUAC009 30 45 5.3
09KUAC008 18 48 2.0
09KUAC011 33 48 1.5 09KUAC158 24 31 6.4 E70/4787 09KUAC164 21 26 17.3
Craton Gold Pty Ltd 13 Bottleneck. Broad Intercepts, Exciting Grades
Source: Kingsgate Consolidated Ltd (2011) - Kukerin Project Annual Report
Craton Gold Pty Ltd 14 Bottleneck. Untested Northwest-Plunging Target
Plan View Vertical AC Holes Open, Untested Target N Potential For Stacked 40 m Lodes & Repetitions
Angled AC Holes Grade shells Green: ≥ 0.1 g/t Au
Yellow: ≥ 1.0 g/t Au
Red: ≥ 5.0 g/t Au
Craton Gold Pty Ltd 15 Bottleneck. Untested Northwest-Plunging Target
Surface Looking North
Open, Untested Target Angled (Scissor) RC Holes Missed Plunging Oreshoot
Potential For Stacked Lodes & Repetitions
40 m
Craton Gold Pty Ltd 16 Bottleneck. Petrography
08KUAC049 (14‒15 m) 08KUAC075 (47‒48 m)
Almandine-orthopyroxene-quartz-plagioclase- Plagioclase-orthopyroxene gneiss with quartz biotite-graphite rock; potential gold host vein; high gold content
08KUAC087 (41‒42 m) 08KUAC090 (63‒64 m)
Almandine-orthopyroxene-quartz-plagioclase- Orthopyroxene-almandine-quartz-plagioclase- biotite-graphite rock; potential gold host biotite-graphite rock; high gold content
Craton Gold Pty Ltd Dick England (2008): Petrographic Notes 17 Bottleneck. Project History
Previous ownership
Bottleneck was discovered in 2008 when Dominion Mining Ltd (delisted) tested the gold potential of the Kukerin Shear Zone within its Kukerin project area; the company referred to Bottleneck as “a significant exploration opportunity”
In 2010, Dominion Mining Ltd was acquired by Kingsgate Consolidated Ltd (ASX:KCN)
In1, 201 work at Bottleneck stalled due to lack of drilling success (but ore shoot controls and orientation were misunderstood)
In 2013, Bottleneck was acquired by junior exploration company Caravel Minerals Ltd (ASX:CVV) as part of a portfolio of Australian exploration projects held by Kingsgate Consolidated Ltd’s subsidiary Quadrio Resources Ltd
At this stage, the Kukerin project, which contained Bottleneck, was valued at approximately A$1.65M* and considered by the independent valuer “to have a high potential for discovery of significant gold mineralisation with future exploration”
In 2014, the Kukerin project was relinquished by Caravel Minerals Ltd as part of cash preservation measures in response to a deep, prolonged industry downturn
Previous exploration (2008‒11)
Discovered shallow, significant, high-grade gold mineralisation at Bottleneck, both in the regolith and underlying bedrock
Identified additional prospects such as Stanley Hill (11KUAC380: 3 m @ 3.8 g/t Au from 18 m)
Craton Gold Pty Ltd *Caravel Minerals Ltd (2013): Notice of Annual General Meeting 18 Bottleneck. Project History, Deposit Style & Outlook
Previous exploration (2008‒11)
Defined areas of gold-in-regolith surface anomalism that warrant follow-up
Did not test a left-hand bend in the Kukerin shear zone north of Bottleneck that we regard as highly prospective
Deposit style
Bottleneck is similar in style to Ausgold Ltd’s (ASX:AUC) nearby Katanning gold deposits (JORC resource >0.6 Moz Au)
It also shares similarities with Explaurum Ltd’s (ASX:EXU) Gault gold deposit (JORC resource >0.3 Moz Au)
This style of Archean gold deposit occurs as multiple, stacked lodes up to 25 m thick and greater 1,200 m long
Outlook
Landholder agreements
Initial work at Bottleneck, including
► Additional laterite sampling along the Kukerin Shear Zone and over prospective greenstone belt rocks
► Ground gravity to better define geological architecture and controls on gold mineralization
► Drilling to test the down-plunge continuation of the high-grade oreshoot plus the potential for repetitions (i.e., stacked lodes) at Bottleneck and the potential at other prospects including Stanley Hill
Craton Gold Pty Ltd 19 Bottleneck. Project Vistas
Craton Gold Pty Ltd 20 Additional Projects. Brief Overview Additional Projects. Brief Overview
Three exploration licence applications at
Lake Grace (E 70/4853)
Kulin (E 70/4854)
Griffin’s Find (E 70/4855)
Main targeting parameters
Proven, fertile gold terrane with endowment greater 30 Moz Au
500 km-long, crustal-scale Griffin’s Find shear zone controlling the location of gold occurrences and anomalism
Presence of concealed, metamorphosed greenstone belts indicated by gravity modelling
Along strike from the historic Griffin’s Find gold mine (55,000 oz Au @ 2.8 g/t Au; open down-plunge)
Strong , regionally significant gold-in-laterite anomalies*
Virtually unexplored virgin terrain with past work limited to desktop studies and minor soil and laterite sampling
No prior drilling
Craton Gold Pty Ltd *Database of >5,000 laterite samples covering an area of c. 500 by 350 km 22 Additional Projects. Brief Overview
E70/4854 (Kulin)
Exploration at CRT’s Kulin, E70/4855 (Griffin’s Find) Griffin’s Find and Lake Grace projects was very limited • Mainly desktop studies • Some minor lag & soil sampling • No prior drilling E70/4853 (Lake Grace)
Griffin’s Find (historic production: >55k oz Au)
Bottleneck E70/4787 (Bottleneck)
Craton Gold Pty Ltd Background Image: Magnetics RTP 23 Additional Projects. Brief Overview
E70/4854
9.4 ppb Au
Plus eight laterite samples collected by Troy Resources ranging from 3.0 to 14.0 ppb Au
35.8 ppb Au 52.5 ppm As
Second strongest gold anomaly in a regional dataset of >5,000 laterite samples
E70/4855 E70/4853 Regionally significant gold-in-laterite anomalism Griffin’s Find (historic production: • Regional dataset of >5,000 laterite >55k oz Au) samples covering the entire SW 122 ppm Cu Yilgarn 130 ppm Pb
8.8 ppb Au
Bottleneck E70/4787
Craton Gold Pty Ltd Background Image: Gridded SW Yilgarn Gold-In-Regolith Anomalism 24 Generative. Future Project Opportunities Generative. Converting Ideas Into Discoveries
Extensive target portfolio
Exploration license E 70/4787 (Bottleneck),
Exploration license applications E 70/4853 (Lake Grace), E 70/4854 (Kulin), and E 70/4855 (Griffin’s Find)
A target bank of 25 highly prospective, vacant areas in the Southwest Terrane and wider Yilgarn Craton
Comprehensive Yilgarn Craton knowledge- and database
Gold occurrence locations and gold deposit models and prospectivity models, geology and structure
Geophysics and geochemistry
Past exploration activities and results
Proprietary geophysical workflow
Unique approach to processing and filtering geophysical data
Proven ability to precisely locate and identify prospective rock types, structures and greenstone belts under cover
Award-winning approach to exploration targeting
3rd place in both the Integra (herox.com/IntegraGoldRush) and Karelian (goldrush.endomines.com) Gold Rush challenges
Successful track record of discovery and generating priority targets for clients
Craton Gold Pty Ltd 26 Generative. Powerful Geophysical & Geochem Tools; Example
Structure Detection: Gridded Geochem: Magnetics Au/Sn
Katanning (0.6 Moz Au)
Magnetic structure and discrete geochem anomalism identify location of Katanning gold system
Craton Gold Pty Ltd 27 Generative. Powerful Geophysical & Geochem Tools; Example
Structure Detection: Gridded Geochem: Gravity Copper
Calingiri (1.4 Mt Cu)
Gravity structure and discrete geochem anomalism identify location of Calingiri copper system
Craton Gold Pty Ltd 28 The Team. Seasoned Explorers Proven Ore Finders The Team. Biographies
Dr Oliver Kreuzer (MAIG RPGeo, MAusIMM) Director Oliver is a Registered Professional Geoscientist with a broad skill set in structural, generative and corporate geology honed during a 16+ year career in applied research and mineral exploration across a wide range of gold, base metals and uranium projects in Australia, Africa, North America, Europe and Asia. His work directly contributed to new company floats, company transforming project acquisitions and new discoveries. Oliver's passion lies in the application of superior geoscience to exploration targeting and shortening the time frame to discovery.
Dr Amanda Buckingham (MASEG) Director Amanda has over 20 years’ experience as a geophysicist, working in exploration, consulting and academia, on all continents, and across a broad range of commodities and deposit styles. Amanda has worked for majors such as Rio Tinto, as well as listed junior explorers. She began consulting with SRK in Perth, and developed her expertise in airborne geophysical data from several years managing acquisition projects with High Sense Geophysics in Toronto, and Fugro Airborne Surveys in Southern Africa. Amanda's PhD at the University of Western Australia involved the design of enhancement filters and edge-detection programs for potential field data.
Mr Alan Cleland Director Alan has had a long career in farming and built a successful farming business in Beverley, Western Australia. He is a seasoned gold prospector with experience across the Yilgarn Craton and adjoining geological regions. Alan currently holds the position of Chairman of the Native Title Working Group of the Pastoralists and Graziers Association of Western Australia (PGA).
Dr Kris Butera (MAIG, MAusIMM) Senior Advisor Kris is an exploration geologist with a passion for, and successful record of, discovery, exploration management, corporate geology, executive leadership and building strategies and visions for companies and projects. With experience across a broad range of commodities, Kris' key contributions are conceptualising opportunities, generating and testing targets and developing discovery and corporate strategies. Kris has held senior management and board positions and is recognised as an astute ore finder, executive geologist and corporate strategist.
Mr Richard Cooke Senior Advisor Richard is a Director of Dale Park Pty Ltd, a farming enterprise at Beverley, Western Australia, and of Eastern Goldfields Exploration Pty Ltd, a prospecting business focused on gold and base metals projects located within the Yilgarn Craton of Western Australia. In 2001, Richard was part of a syndicate that vended a highly prospective project portfolio into Exco Resources Ltd, a highly successful junior mining and exploration company that in 2012 was acquired by WH Soul Pattinson & Company Ltd for approximately $70M.
Craton Gold Pty Ltd 30 Contact Us.
Technical Information
Dr Oliver Kreuzer (Director) Mobile: 0477 717 242
Email: [email protected]
Dr Amanda Buckingham (Director) Mobile: 0429 817 116
Email: [email protected] Partnerships & Deal Structures
Dr Kris Butera (Advisor) Mobile: 0407 172 250
Email: [email protected]