Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (January 2024)
18 slides from Canterbury Resources's investor presentation, Jan 24, 2024
Slide 1: Corporate Presentation January 2024
For personal use only Corporate Presentation January 2024 Canterbury Resources Limited ASX: CBY
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement This presentation has been prepared by Canterbury Resources Limited ACN 152 189 369 (Canterbury or the Company) on the basis of information available as at 22 January 2024, for the purpose of continuous disclosure, on the basis of information already disclos
Slide 3: Canterbury Resources: Highly leveraged copper-gold explorer
Canterbury Resources (ASX: CBY) Highly leveraged copper-gold explorer, targeting For personal use only Tier-1 deposits CBY holds multiple potential ‘company-maker’ assets Provides outstanding exploration leverage for investors Resources outlined at three deposits Large-scale, drill ready tar
Slide 4: Canterbury Resources – Key Project Status
Canterbury Resources – Key Project Status Briggs – CBY 70% (Alma Metals 30%, earning up to 70%) Briggs - 2024 Activity: For personal use only • Inferred resource of 415Mt at 0.25% Cu, 31ppm Mo* • Drilling around the southern margins of Briggs • Large-scale expansion opportunities outlined Central (c
Slide 5: Capital Structure and Board and Management
Canterbury Resources (ASX: CBY) For personal use only Capital Structure January 2024 Board and Management: Fully Paid Shares 171.7 million • John Anderson – Chairman • Grant Craighead – Managing Director Share Price (22/01/2024) $0.03 • Michael Erceg – Executive Director Market Capitalisation $5 mil
Slide 6: Briggs Copper Project (CBY 70%, Alma 30%)
Briggs Copper Project (CBY 70%, Alma 30%) Large Cu deposit in advanced exploration For personal use only phase Briggs Project • Inferred Mineral Resource 415Mt at 0.25% Cu & 31ppm Mo*, plus large-scale exploration targets • Open pit, with low strip ratio • Potential higher-grade starter pit • High C
Slide 7: Briggs Deposit – Inferred Mineral Resource Estimate
Briggs Deposit – Inferred Mineral Resource Estimate Refer ASX release 6 July 2023 Briggs Deposit MRE (at selected cut-off grades) For personal use only Tonnes Cu Mo Cut-off Cu Metal Mo Metal (Mt) (%) (ppm) (Cu %) (Mt) (Mlb) 982.3 0.19 34 0.00 1.85 74.39 905.5 0.20 34 0.10 1.84 67.75 694.1 0.22 33 0.
Slide 8: Briggs – Recent Drilling Progress
Briggs – Recent Drilling Progress Encouraging progressive results For personal use only Recent drilling tested: SE portions of Briggs Central* “Gap” between Northern Porphyry & Briggs Central “SE drilling” confirms the continuity of broad, shallow areas of higher-grade mineralisation Poten
Slide 9: Papua New Guinea
Papua New Guinea Mining has dominated the economy since the 1970’s For personal use only • Ok Tedi, copper-gold (PNG Govt) • Lihir, gold (Newmont) • Porgera, gold (Barrick) • Hidden Valley, gold (Harmony Gold) • Simberi, gold (St Barbara) • Ramu, nickel (MCC Group) • Kainantu, gold (K92 Mining) •
Slide 10: PNG - Syndicate Joint Venture
PNG - Syndicate Joint Venture Joint Venture with Syndicate Minerals Key JV Features For personal use only Syndicate is a private, international mineral exploration group Staged earn-in joint venture: Syndicate is also an 6.7% CBY shareholder Stage 1 – US$5M expenditure to earn 40% JV interes
Slide 11: PNG - Morobe Province
PNG - Morobe Province Wamum/Waits (CBY 100%, Syndicate earning 70%) Wamum Ck: 141.5Mt at 0.18g/t Au, 0.31% Cu (0.8Moz Au, 435kt Cu) For personal use only Idzan Ck: 137.3Mt at 0.53g/t Au, 0.24% Cu (2.3Moz Au, 327kt Cu) Waits Ck: undrilled Cu-Au anomaly, with coincident geophysics Prioritizing
Slide 12: Wamum Project – soil geochemistry
PNG - Morobe Province Wamum Project – soil geochemistry For personal use only Multiple, undrilled copper & gold anomalies based on soil sampling Prioritising & ranking drill targets Wamum Wana-Wasa Au stockwork zone Idzan Cu core Idzan Gridded soil copper Gridded soil gold 12
Slide 13: PNG - Legusulum (CBY 100%)
PNG - Legusulum (CBY 100%) Application over the historic Legusulum porphyry For personal use only prospect on New Ireland Discovered by CRA in 1965 during a regional geochemical survey for copper 23 shallow holes drilled by Swiss Aluminium in the early 1970’s Significant copper mineralisatio
Slide 14: Bismarck Project (CBY 40%, Rio Tinto earning up to 80%)
Bismarck Project (CBY 40%, Rio Tinto earning up to 80%) Manus Island For personal use only Rio Tinto scale porphyry and skarn related targets Rio Tinto sole-funding current exploration Canterbury managing field activities Targets refined after recent mapping & sampling Priority-1: Willie
Slide 15: Bismarck Project 2024 Drilling Program
Bismarck Project (CBY 40%, Rio Tinto earning up to 80%) 2024 Drilling Program For personal use only Preparation underway for a 2,000m (8-hole) drilling program starting in Q2 2024 Access to drill sites & camps available via roads linking to Lorengau and by barge into Pelipowai Logistics & safe
Slide 16: Positive Copper Price Environment
Positive Copper Price Environment Strengthening copper demand, underpinned by global decarbonisation For personal use only Copper is a superior, affordable conductor of electricity Rising demand being driven by growth in the renewable energy & electric vehicle sectors Medium-long term supply
Slide 17: Summary: A High Leverage Copper-Gold Explorer
Summary A High Leverage Copper-Gold Explorer For personal use only Low market capitalisation, large-scale targets, active exploration – high leverage for investors ‘Company-maker’ opportunities available across the project portfolio High impact activities fully funded by JV partners (Rio Tinto
Slide 18: Thank you
For personal use only Thank you Canterbury Resources Limited ASX: CBY Ph: +61 2 9392 8020 Suite 301, 55 Miller St Pyrmont NSW 2009 E: admin@canterburyresources.com.au
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