Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (May 2022)
23 slides from Canterbury Resources's investor presentation, May 10, 2022
Slide 1: Investor Presentation May 2022
For personal use only Investor Presentation May 2022 Authorised by Grant Craighead, Managing Director Ph: +61 9392 8020 E: gcraighead@canterburyresources.com.au Canterbury Resources Limited ACN 152 189 369 Suite 301, 55 Miller St Pyrmont NSW 2009 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 9 May 2022, for the purpose of continuous disclosure, on the basis of information already disclosed to
Slide 3: Canterbury Resources
Canterbury Resources For personal use only Exploring the SW Pacific for major Cu-Au deposits 7.0Moz Gold equivalent1 at Wamum $1/oz (EV/oz Au eq)2 Adjoins the major Wafi-Golpu project 414kt Copper resources at Briggs Funded by Alma Metals Major drilling program poised to commence Tier-1 Copper-Gold
Slide 4: Capital Structure May 2022
Canterbury Resources Limited ASX: CBY For personal use only Capital Structure May 2022 • Exploring eastern Australia & PNG for Cu-Au deposits Fully Paid Shares 123.2 million • Large Mineral Resources outlined at three deposits (contained metal of 1.2Mt copper & 3.2Moz gold) Share Price (9/05/2022) $
Slide 5: For personal use only
For personal use only Non-executive Chairman John Anderson Managing Director Grant Craighead Executive Director Michael Erceg Non-executive Directors Ross Moller Robyn Watts Company Secretaries Ross Moller Véronique Morgan-Smith 5
Slide 6: Introduction: A high leverage copper-gold explorer
Introduction For personal use only Canterbury Resources - A high leverage copper-gold explorer • Exploring potential Tier-1 Cu-Au projects in eastern Australia & PNG, including: • Briggs (Qld) funded by Alma Metals (ASX: ALM) – poised for 2022 drilling campaign • Wamum (PNG) large Cu-Au resources at
Slide 7: Briggs Copper Project (CBY 100%)
Briggs Copper Project (CBY 100%) For personal use only Briggs Project (Rio Tinto 1.5% NSR in Briggs & Mannersley) • 142.8Mt at 0.29% Cu (414kt Cu) delineated at the Central Porphyry zone • potential for open cut extraction • high Cu recoveries indicated via flotation • outstanding regional infrastru
Slide 8: Briggs Project – ALM Transaction
Briggs Project – ALM Transaction For personal use only Alma Metals Limited (ASX: ALM) Agreement • covers Briggs, Mannersley & Fig Tree Hill tenements • ALM has an option to spend up to $16m to earn up to 70% joint venture interest Option Phase • ALM has funded $0.75m of exploration, earning the righ
Slide 9: Briggs – 2021 Field Program
Briggs – 2021 Field Program For personal use only Briggs 2021 RC drilling program • 12 RC holes completed (1,446m), testing: • contact zones and quartz rich features • Northern & Southern porphyries • results confirm extensive Cu mineralisation up to 750m along strike from the Briggs mineral resourc
Slide 10: Briggs – 2021 Selected RC Drill Results
Briggs – 2021 Selected RC Drill Results For personal use only Prospect Drill Hole From (m) To (m) Interval (m) Cu % Mo ppm Northern Porphyry 21BRC0006 30.0 42.0 12.0 0.38 19 21BRC0008 26.0 67.0 41.0 0.17 47 including 48.0 67.0 19.0 0.27* 38 21BRC0010 8.0 52.0 44.0 0.31* 13 including 22.0 52.0 30.0 0
Slide 11: Briggs – Oblique Section, Central Porphyry
Briggs – Oblique Section, Central Porphyry For personal use only 11
Slide 12: Briggs – Oblique Section, Northern Porphyry
Briggs – Oblique Section, Northern Porphyry For personal use only 12
Slide 13: Briggs – 2022 Exploration
Briggs – 2022 Exploration For personal use only • Decision by Alma Metals on the Earn-in & Joint Venture phase • Continue the grid-based soil sampling program • enhancing & expanding the surface geochemical dataset across the Briggs Project • data informing the design and selection of 2022 drill tar
Slide 14: Peenam – Copper-Gold Project (CBY 100%)
Peenam – Copper-Gold Project (CBY 100%) For personal use only EPM27756 (Peenam) • 150km northwest of Brisbane An under-explored project • historic regional exploration focused on gold • shallow drilling hit encouraging Cu-Au mineralisation e.g. PEE01 - 48m at 0.22% Cu & 0.23g/t Au • CBY interprets h
Slide 15: Bismarck Project (CBY 40%)
Bismarck Project (CBY 40%) For personal use only Manus Island: large Cu-Au porphyry targets • Rio Tinto sole-funding exploration via Earn- in & Joint Venture • targeting concealed porphyry-style Cu-Au mineralisation adjacent to or below extensive zones of mapped lithocap • additional data and improv
Slide 16: Bismarck Project (CBY 40%)
Bismarck Project (CBY 40%) For personal use only • Initial drilling suspended in 2019 after experiencing high costs • improved site access via new forestry roads/tracks • Potential resumption of drilling in 2H 2022 • hole design and logistics assessment in progress 16
Slide 17: PNG Morobe Province
PNG Morobe Province For personal use only Strategic tenements in a major mineral district Lae - industrial hub and PNG’s largest cargo port; good access to CBY projects Wafi-Golpu Project (Newcrest & Harmony 50/50 JV) • 27Moz Au, 9Mt Cu in resources, incl 11Moz Au, 5Mt Cu in reserves Hidden Valley G
Slide 18: Wamum – EL2658 (CBY 100%)
Wamum – EL2658 (CBY 100%) For personal use only • Significant Cu-Au deposits broadly outlined at Idzan Creek & Wamum Creek • discovered by CRA in the 1970’s, with periodic drilling by CRA, Highlands Gold, Barrick and Newcrest • CBY personnel have a long involvement in the district and were responsib
Slide 19: Wamum Project – Selected Schematic Sections
Wamum Project – Selected Schematic Sections For personal use only 19
Slide 20: Wamum Project: Strategic proximity to Wafi-Golpu
Wamum Project For personal use only Strategic proximity to Wafi-Golpu Wamum Project – CBY 100% • covers several outcropping deposits & prospects • 3.2Moz Au & 762kt Cu outlined at Idzan Creek & Wamum Creek • both deposits have potential open cut components • assessing potential for developing of a s
Slide 21: Ekuti Range (CBY 100%)
Ekuti Range (CBY 100%) For personal use only Cu-Au Porphyry Systems, plus High-Grade Epithermal Lodes • Historical drilling tested high-grade lodes at Otibanda/Waikanda eg: • OTI-003: 2.2m at 16.6g/t Au, 2.0% Cu • OTI-006: 2.5m at 15.3g/t Au, 0.3% Cu & 0.8m at 25.6g/t Au, 0.4% Cu • surface sampling
Slide 22: Summary: A High Leverage Copper-Gold Explorer
Summary For personal use only A High Leverage Copper-Gold Explorer • Generating & exploring potential Tier-1 Cu-Au opportunities in the SW Pacific • joint venture partnerships being utilised to fund major drilling programs • successful drilling completed at the Briggs & Ekoato projects • Mineral Res
Slide 23: Thank You
For personal use only Thank You Grant Craighead, Managing Director Ph: +61 9392 8020 E: gcraighead@canterburyresources.com.au
Canterbury Resources — Investor Presentation (May 2022) on 6ix