Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Investor Presentation (September 2021)
19 slides from Carnaby Resources's investor presentation, September 2021
Slide 1: Investor Presentation
Investor Presentation September 2021
Slide 2: Statements & Disclaimers
STATEMENTS & DISCLAIMERS Competent Persons Statement The information in this document that relates to the Tick Hill Deposit and Tick Hill ROM Stockpile Mineral Resources is based upon information compiled by Mr Paul Tan. Mr Tan is a full time employee and security holder of the Company and a Member
Slide 3: Company Overview
COMPANY OVERVIEW Capital Structure1 • ASX Code CNB • Current Share Price $0.37 • Shares on Issue 117.9M Share Price Performance Last 12 Months • Unlisted Options on Issue 10.2M $0.62 • Market Capitalisation $43.6M $0.52 $0.42 • Cash2 $7.0M $0.32 • Top 20 & Management 31.6% $0.22 $0.12 Board $0.02 •
Slide 4: Location
LOCATION LOW RISK JURISTICTION Pilbara Gold Projects Greater Duchess Copper and Gold Project 442km2 tenements 384km2 tenements Location: Mallina Basin Pilbara Location: Mt Isa Inlier Greenfields Brownfields Throssel Gold Project Malmac Copper-Gold Project 162km2 tenements 621km2 tenements Location:
Slide 5: Strelley & Mount Grant – Mallina Basin, Pilbara WA
Strelley & Mount Grant – Mallina Basin, Pilbara WA Hemi style drill targets • 70 km strike of underexplored ground covering 442 km2 northeast of De Grey Mining Ltd’s (ASX DEG) Hemi gold discovery • Strelley located at key confluence zone of Tabba Tabba and Berghaus Shear Zones, analogous to the stru
Slide 6: Mallina Basin Aeromagnetics
Mallina Basin Aeromagnetics Hemi style intrusion targets • High resolution aeromagnetic surveys completed at Strelley and Mount Grant in September 2020 • Aeromagnetic surveys have identified several “Hemi style” Intrusion targets • Additional land holdings secured at the Pardoo license targeting sev
Slide 7: Strelley Gold Project: Bastion Prospect
Strelley Gold Project: Bastion Prospect • PLRC0043 – 5m @ 8.55 g/t gold • High grade intrusion hosted gold mineralisation has been discovered at Strelley highlighting the potential for further “Hemi style” gold mineralisation within Carnaby’s large 442 km2 tenure. • Prospect is wide open and undrill
Slide 8: Strelley Gold Project: Stockade and Alcazar Prospects
Strelley Gold Project: Stockade and Alcazar Prospects • The Stockade Prospect forms a > 1 km long gold anomaly associated with a metachert and felsic schist horizon within the mafic to ultramafic dominant host rocks. • Widespread gold mineralisation intersected in mostly shallow aircore drilling. •
Slide 9: Strelley Gold Project: Big Hill, Palisade, Gibraltar Prospects
Strelley Gold Project: Big Hill, Palisade, Gibraltar Prospects • The Gibraltar Prospect is hosted in sheared mafic rocks where historical RC drill results up to 10m @ 1.6 g/t gold including 2 m @ 5.7 g/t gold has been intersected. • At the Palisade Prospect shallow and wide spaced aircore drilling h
Slide 10: Greater Duchess Copper Gold Project – Mount Isa Inlier
Greater Duchess Copper Gold Project – Mount Isa Inlier • The Greater Duchess Copper Gold Project encompasses over 70 km of IOCG targets north of the Tick Hill gold deposit. • Centered around the historical Duchess copper mining district and south of Hammer Metals’ (HMX) new Trafalgar copper gold dis
Slide 11: Greater Duchess Copper Gold Project: Nil Desperandum
Greater Duchess Copper Gold Project: Nil Desperandum • Nil Desperandum is a series of shallow historical workings over a 1.5 km strike that was last drilled in 2007 prior to the GFC. • First phase drilling intersected very significant widths and grade of copper-gold mineralisation up to 87 m @ 0.9%
Slide 12: Greater Duchess Copper Gold Project: Nil Desperandum
Greater Duchess Copper Gold Project: Nil Desperandum Standout RC drill results from first 5 RC drill holes include; o NLRC027 60m @ 1.0% copper from 139m including 23m @ 1.7% copper, 0.4 g/t gold from 152m including 7m @ 2.4% copper, 0.3 g/t gold from 161m including 1m @ 6.0% copper, 0.7 g/t gold fr
Slide 13: Greater Duchess Copper Gold Project: Mount Birnie
Greater Duchess Copper Gold Project: Mount Birnie • Multiple undeveloped copper rich IOCG deposits over a 50 km corridor • A high-grade copper-gold shoot has been defined at Mount Birnie plunging steeply west and open at depth with drill results including; MLC016 - 3 m @ 8.5% copper and 4.3 g/t gold
Slide 14: Tick Hill Open Pit Project
TICK HILL OPEN PIT PROJECT High grade gold open pit • Historical 70m deep pit at 18 g/t gold • Open Pit cutback Ore Reserves of 48,000t @ 6.53 g/t gold for 10,200 oz1 • Production Mill Feed of 63,300t @ 6.1 g/t gold for 12,500 oz1 • Forecast Pre tax cash flows of ~$15M at AISC of A$1,190/oz1 • Inclu
Slide 15: Malmac Project
MALMAC PROJECT • At the Salvation Prospect, a 6 km long copper-nickel gold anomaly has been defined by soil, rock chip and hand- held XRF. Results include; CB00065 Rock Chip 1,380 ppm copper CBXRF0030 Hand Held XRF 1,203 ppm copper CB00178 Rock Chip 489 ppm nickel • The Salvation prospect is associa
Slide 16: Well Funded and Positioned for Growth
Well Funded and Positioned for Growth Capitalising on robust gold and copper prices • Cash at Bank of $7.0M1 • $4M received for sale of Tick Hill Tailings Dam • Plus 5% NSR royalty from processing of Tick Hill Tailings Stockpile estimated at ~$2M at current gold prices.2 • $0.4M received YTD. • Reve
Slide 17: Carnaby Summary
CARNABY Summary • 3,000 m RC drilling program completed at Strelley has intersected 5m @ 8.55 g/t Gold in the first hole on exceptional walk-up drill targets in the Mallina Basin north-east of Degrey’s Hemi gold discovery. Majority of results are still pending. • Carnaby has planned immediate additi
Slide 18: Appendix One: Ore Reserve Statement
APPENDIX ONE Ore Reserve Statement • Maiden gold Ore Reserve announced 5 June 2020 comprising at surface Tailings Dam and Historical ROM Pad Stockpile Ore Reserves of 410,900 tonnes at 1.35 g/t for 17,800 ounces1 and Open Pit Ore Reserves of 48,600 tonnes @ 6.53 g/t for 10,200 ounces • Total JORC (2
Slide 19: Appendix Two: Mineral Resource Statement
APPENDIX TWO Mineral Resource Statement • Updated Indicated and Inferred Mineral Resource Statement released in January 2020 and updated June 20201+2 • Resulting in the addition of 215,000 tonnes @ 6.55 g/t for 45,300 ounces to the existing Tailings Dam Resource of 630,000 tonnes at 1.08 g/t for 21,
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