Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Berkut Minerals — Investor Presentation (February 2018)
20 slides from Carnaby Resources's investor presentation, Feb 5, 2018
Slide 1: Berkut Minerals Limited – Scandinavian Cobalt Projects
Berkut Minerals Limited Scandinavian Cobalt Projects Investor Presentation February 2018 Skutterud Cobalt Project Lainejaur Ni-Co-Cu Resource Project www.berkutminerals.com.au
Slide 2: Investment Case
Investment Case ▪ Low market capitalisation compared to peers: exceptional leverage o ~A$4.4M cash (31 December 2017), A$8.7M Market Cap (@16c), A$4.3M Enterprise Value ▪ Tight corporate structure, highly experienced board and management team o 54.3M shares on issue and only 40.4M tradeable o Top 40
Slide 3: Corporate Snapshot
Corporate Snapshot Share Price1 16 cents Highly Experienced Management Team Neil Inwood Shares on issue2 54.3M Managing Director ▪ Highly experienced geologist with +22yrs international experience in gold, Options on issue3 10.5M base metal & specialty metals ▪ Experience in consulting and venture c
Slide 4: Peer Comparison | Cobalt Explorers
Peer Comparison | Cobalt Explorers BMT EUC FCC BSX CLA Market Capitalisation $8.7M $71M $101M $35.5 $59.2M Cash Position $4.4M $21M $30.6M $5.5M $4.2 Enterprise Value $4.3M $50M $70M $30M $55M Jurisdiction Norway & Sweden Slovakia & Canada Canada Namibia Finland Ownership 100% 100% 80% 100% 95% Expl
Slide 5: Scandinavian Projects
Scandinavian Projects ▪ Granted rights to 100% of four cobalt prospective projects in in Sweden and Norway o Skuterud Cobalt Project, Norway o Gladhammar and Tunaberg Cobalt Projects, Sweden o 100% owned Lainejaur Nickel-Cobalt resource1 in Sweden ▪ 116km2 of granted licences targeting cobalt ▪ Exce
Slide 6: Skuterud Project | Norway
Skuterud Project | Norway ▪ Located 100km from Oslo port in Norway ▪ Adjacent to the historic Skuterud Cobalt Mine (immediately south of Berkut licences): o Major source of cobalt in 19th century o Over 4 million tonnes of cobalt ore mined from 1773-18931 Dominant position ▪ Nine granted licences ov
Slide 7: Skuterud Project | Maiden Drill Program, 2017
Skuterud Project | Maiden Drill Program, 2017 ▪ Seven hole maiden diamond drill program completed November 2017 o Six of seven holes sampled intersect cobalt mineralisation ▪ Cobalt zones associated with wide (up to 30m) copper alteration zones. Intercepts include1: o 2m @ 0.12% Co and 0.11% Cu (fro
Slide 8: Skuterud Project | Maiden Drill Program, 2017
Skuterud Project | Maiden Drill Program, 2017 Section 1 Cobalt-Related Mineralisation Styles Encountered in Core Disseminated fine grained and blebs of Cobaltite/skutterudite veinlets skutterudite/cobaltite Section 2 Pyrrhotite, chalcopyrite, Pyrrhotite banding cobaltite/skutterudite sulphide bandin
Slide 9: Lainejaur Ni, Co, Cu Project | Sweden
Lainejaur Ni, Co, Cu Project | Sweden ▪ February 2018 JORC Mineral Resource update (Inferred) o 460,000t @ 2.2% Ni, 0.7% Cu and 0.15% Co1 o Deposit open to north o Ground geophysics undertaken in January 2018 Resource Region Moving ▪ Anomalies identified by moving loop EM. Loop-EM Anomaly o Interpre
Slide 10: Lainejaur Project | Geology
Lainejaur Project | Geology ▪ Hosted at the base of a lopolithic gabbro-diorite intrusion overlain by mafic intrusive with minor intercalated metasedimentary units and underlain by meta-basalts ▪ Sulphides consist of pyrrhotite, pentlandite, gersdorffite and chalcopyrite ▪ Open at depth - 1.5km nort
Slide 11: Lainejaur Project | Geophysics
Lainejaur Project | Geophysics ▪ Reconnaissance fixed loop surveys over 5 profile lines undertaken o Anomaly identified on line E o 2.5km south east of Lainejaur in interpreted layered mafic / ultramafic unit ▪ Anomaly E model parameters similar to the main Lainejaur body suggest a conductive unit a
Slide 12: Lainejaur Ni, Cu, Co Project | Sweden
Lainejaur Ni, Cu, Co Project | Sweden LAI08-034 (from 559m) 2m @ 2.14% Ni, 0.038% Cu and 0.09% Co - open to north www.berkutminerals.com.au 12
Slide 13: Gladhammar Project | Sweden
Gladhammar Project | Sweden ▪ Located approximately 200km south of Stockholm ▪ ~44km2 approved and pending licences ▪ Major cobalt mine in Sweden from 1777 to 1892 o Reported historic mine grades of 1.25%-2% cobalt in 682t from 1888 to 1891 (end of mine) 3 ▪ Hand samples up to 0.25% cobalt; copper u
Slide 14: Tunaberg Project | Sweden
Tunaberg Project | Sweden ▪ Approved licences of ~12km2 ▪ Located in southern Sweden, approximately 100km SW of Stockholm ▪ Historic mining centre; copper mining during the 15th century and cobalt during the 18th century ▪ Skarn hosted cobalt mineralisation dominated by cobaltite and oenite ▪ Metal
Slide 15: 2018 Activities
2018 Activities ▪ Skuterud o Additional core sampling o Field work (spring/summer): mapping, soil geochemistry, geophysics o Drill targeting (pending results) ▪ Gladhammar o Ground magnetic survey o Drill targeting (summer time, pending results) ▪ Lainejaur o Fixed loop EM survey over MLEM anomaly o
Slide 16: Western Australian Projects
Western Australian Projects Mt Clement Gold Project E08/2848 Cairn Hill Gold Project E08/2248 www.berkutminerals.com.au 16
Slide 17: Cairn Hill Gold Project | Western Australia
Cairn Hill Gold Project | Western Australia ▪ Centered on a 200km long gold mineralised trend, stretching between Northern Star’s Paulsen’s Gold Mine and the Mt Olympus Deposit in the highly prospective Ashburton Region, Western Australia ▪ Modern exploration at Cairn Hill commenced in 1982 and was
Slide 18: Mt Clement Gold Project | Western Australia
Mt Clement Gold Project | Western Australia ▪ Surrounding Artemis Resources’ Mt Clement Gold Project o 30km SW of Northern Stars’ Paulsens Gold Mine ▪ Granted EL - E08/2848 o 100% owned, 41km2 ▪ Ashburton Formation sediments o Gold, silver and copper potential within quartz-breccia and gossan ▪ Comp
Slide 19: Disclaimer and Competent Person
Disclaimer and Competent Person Disclaimer and Forward Looking Statements This presentation may contain certain forward looking statements and projections regarding: ▪ estimated, geological targets, resources and reserves; ▪ planned production and operating costs profiles; ▪ planned capital requirem
Slide 20: Contact Us
Contact Us Neil Inwood, Managing Director neil@berkutminerals.com.au T: +61 8 9320 2320 78 Churchill Avenue Subiaco Western Australia 6008 www.berkutminerals.com.au www.berkutminerals.com.au 20
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