Short Term Trading Week Starting: 10 Oct, page-517

STTCOMP CRB, FA Long

(ASX: CRB – CARBINE RESOURCES LTD)
SP: 19.5c
MC: $37.58 Million
Cash $8,600,000 (AUD) as at 30^th June 2016
Shares: 192,000,000

CATALYSTS: http://hotcopper.com.au/threads/ann...crb-ax.2848392/?post_id=18637698#.V8_6YSh96Uk
Carbine appoints experienced board and management (ASX :16 April 2016); 2 – Carbine & GR Engineering enter strategic partnership(ASX:23 December 2015); 3 – First of 4 resource upgrades for Mount Morgan (ASX:18 July 2016), Indicated Resource at Mundic Gully doubles to 104,000oz (ASX:27 July 2016), Shepherds Gully delivers 3rd Resource Upgrade (ASX:1 August 2016), Mount Morgan’s total Indicated Resources increases to 10.2 million tonnes at 1.2g/t for 394,000 gold ounces;4 – Drilling results reveal new high-grade mineralisation at Mount Morgan historical dumps (ASX:16 August 2016); 5 - Mount Morgan PFS confirms potential for low cost operation (ASX:13 August 2015)

**30^TH AUGUST 2016** Carbine Resources Limited announced that total JORC Resources at its Mount Morgan gold-copper tailings treatment project in Queensland have increased by 215% to 850,000 oz. The expanded inventory highlights the potential to increase project mine life and production. The Definitive Feasibility Study on Mount Morgan is on track for completion at the end of September. This will be based solely on the Indicated Resource of 394,000oz (ASX: 9 August 2016). The JORC 2012 Mineral Resource for Mount Morgan now stands at 37.2 million tonnes at 0.71g/t for 850,000 ounces of gold, comprised of an Indicated Mineral Resource of 10.2 million tonnes at 1.20g/t for 394,000 ounces of gold and an Inferred Mineral Resource of 27.0 million tonnes at 0.53g/t for 456,000 ounces of gold, using a 0.00 g/t gold cut-off grade (Table 1). This comprises six tailings dumps which make up the project (Table 1 and Figure 1). This new Mineral Resource also includes a total of 7.9 million tonnes of pyrite, 36 thousand tonnes of copper and 49 tonnes of silver.http://hotcopper.com.au/threads/ann...crb-ax.2865858/?post_id=18783975#.V8_5hih96Uk

26^th Sept Company Announces extension of the delivery date of the Definitive Feasibility Study on its Mount Morgan Program in QLD into the Dec quarter. What was interesting in this release was also the part at the bottom where the Company stated that “In parallel with progressing the DFS, the project permitting process is underway and preliminary discussions have been held with potential project financiers.”

http://hotcopper.com.au/threads/ann...crb-ax.2921843/?post_id=19412324#.V_94_-h96Uk

Please DYOR as this is not a buy or sell recommendation
Cheers
GF