Ann: Investor Presentation, page-5

From MiningNews..

Hellewell, who is executive chairman of Capricorn Metals, says the beauty of it being previously unknown is Bibra still has the full profile insitu. "You have a laterite cap, then into the oxide mineralisation and beneath that the fresh mineralisation. It really is like a deposit from 1980s or 1990s when the laterites were intact and for the first couple of years you were processing oxide ore. Obviously, that's pretty positive from a cashflow point of view."
The position and geometry of the Bibra deposit also makes it attractive. "There's about a metre of sand on top of it, which is why no one recognised it, then you are straight into the ore. It is a large system. It is low grade but because you are into the ore at the surface, and the orebody is quite flat dipping, you have a low strip ratio, which makes the economics work at 1.1gpt."

Opportunities to reduce costs by optimising pit scheduling early in the mine life when digging and processing the high-margin ore in the laterite and oxide zones.
The main game continues to be finding additional resources, where the news is highly promising. Hellewell says most of Capricorn's exploration so far has been focused on extensions of the known resource.
"Bibra is part of quite a large gold system, so there is a lot of opportunity in the extensions to the Bibra pit. And 5kms south at Francopan, it looks like there is another system in terms of scale, sitting under the younger sediments. What that tells us is we have a recently newly discovered belt of greenstone rocks with two plus-1Moz systems. From an endowment point, I think it's pretty obvious there should be more to find."