Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Diggers & Dealers Mining Forum 2022
20 slides from Carnaby Resources's conference presentation, August 2022
Slide 1: Diggers & Dealers Mining Forum
Diggers & Dealers Mining Forum August 2022
Slide 2: Statements and disclaimers
Statements and 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 Membe
Slide 3: Company Overview: Capital Structure
COMPANY OVERVIEW Capital Structure ASX Code CNB Share Price Performance Last 12 Months1 Share Price1 $1.00 $2.20 Shares on Issue 144.6M $2.00 Unlisted Options 2.5M $1.80 Market Cap $144.6M $1.60 Cash2 $18.3M $1.40 Top 20 Shareholders3 35.7% $1.20 $1.00 Board / Management Shareholding3 15.1% $0.80 $0
Slide 4: Company Overview
COMPANY OVERVIEW OPERATING EXCLUSIVELY IN AUSTRALIA WITH MAIN PROJECTS LOCATED IN ESTABLISHED MINING REGIONS Pilbara Gold and Lithium Projects Greater Duchess Copper and Gold Projects 442km2 tenements 1,022km2 tenements Location: Mallina Basin Pilbara Location: Mt Isa Inlier Greenfields Brownfields
Slide 5: Greater Duchess Project
GREATER DUCHESS PROJECT World Class Copper District and Infrastructure • Located only 70 km southeast of Mt Isa. • Mt Isa railway passes in between the Nil Desperandum and Lady Fanny discoveries. • Sealed road to Cloncurry and Osborne. • Lack of recent discoveries! • Ernest Henry discovered 1991 • C
Slide 6: Recent Developments and Highlights
RECENT DEVELOPMENTS AND HIGHLIGHTS Greater Duchess Copper Gold Project (QLD) • Nil Desperandum Discovery 41m @ 4.1% copper, 0.5g/t gold1. • Lady Fanny Discovery 3km north of Nil Desperandum. 68m @ 2.4% copper, 0.4 g/t gold2 • Acquisition and start of exploration at the Mount Hope Mining Lease, 10km
Slide 7: Greater Duchess Copper Gold Project
GREATER DUCHESS COPPER GOLD PROJECT Carnaby Regional Land Holding of 1,022 km2 • Structurally controlled mineralisation style is typical of IOCG / ISCG deposits seen in the Cloncurry area (eg Ernest Henry, Eloise, Osborne). • Outcropping areas have been well prospected for over 100 years – opportuni
Slide 8: Nil Desperandum IOCG Corridor
NIL DESPERANDUM IOCG CORRIDOR Geophysics – IP working exceptionally well1 • IP Geophysics has proven itself to be a game changer in the Nil Desperandum corridor. • Nil Desperandum IP chargeability anomaly drilled in December 2021 – 41m @ 4.1% copper. • Lady Fanny IP chargeability anomaly over 600m d
Slide 9: Nil Desperandum IOCG Discovery (CNB:82.5%)
NIL DESPERANDUM IOCG DISCOVERY (CNB:82.5%) IP Geophysics and Geology led discovery1 • Drilling by various companies since 1996 had defined shallow copper mineralisation mainly associated with northwest striking historical workings. • Discovery hole NLDD044: 41m @ 4.1% copper, 0.5 g/t gold from 247
Slide 10: Nil Desperandum IOCG Discovery (CNB:82.5%)
NIL DESPERANDUM IOCG DISCOVERY (CNB:82.5%) Drilling commenced at Nil Desperandum in mid 20211 • Highly continuous copper-gold mineralisation hosted in a thick tabular (~40m true width) plunging breccia shoot. 1. See ASX releases dated 24 June 2021, 13 August 2021, 8 March 2022 Slide 10
Slide 11: Nil Desperandum IOCG Discovery (CNB:82.5%)
NIL DESPERANDUM IOCG DISCOVERY (CNB:82.5%) Breccia Pipe like geometry1 • Nil Desperandum mineralisation is hosted by biotite schist. • Copper mineralisation comprises semi-massive chalcopyrite and pyrrhotite breccia dipping moderately SE. • Main breccia zone has a pipe-like geometry with high grade
Slide 12: Lady Fanny IOCG Discovery (CNB:100%)
LADY FANNY IOCG DISCOVERY (CNB:100%) No recorded drilling prior to Carnaby1 • The Lady Fanny Prospect is a historical high-grade copper-gold deposit located only 3 km north of Nil Desperandum. No recorded historical drilling. • >300m strike of high-grade core of copper gold mineralization at surface
Slide 13: Lady Fanny IOCG Discovery (CNB:100%)
LADY FANNY IOCG DISCOVERY (CNB:100%) Highly continuous lodes defined over 600m strike length1 • Multiple steeply dipping broad high-grade copper-gold lodes open along strike and at depth. • Major expansion drilling continuing. Lady Fanny South and North plunge targets being tested. 1. See ASX releas
Slide 14: Lady Fanny South Prospect (CNB:82.5%)
LADY FANNY SOUTH PROSPECT (CNB:82.5%) Potentially the southern plunge extension of Lady Fanny1 • New prospect, defined by IP in 3km corridor between Nil Desperandum and Lady Fanny, can be traced >600m south of Lady Fanny. • No historical exploration drilling conducted in corridor. • LFDD142 encounte
Slide 15: Mount Hope Prospect (CNB:100%)
MOUNT HOPE PROSPECT (CNB:100%) Granted Mining Lease Acquired in April 20221 • Historical production 309,000t @ 1.9% Cu from very shallow un-engineered open pits to maximum 30- 40m deep, mined from 1967 to 19731. • New IP surveys revealed the largest and strongest IP chargeability anomalies yet seen
Slide 16: Duchess Prospect (CNB:82.5%)
DUCHESS PROSPECT (CNB:82.5%) Area of historical significance from the early 1900’s1 • Duchess Deposit (1900-1940): single shoot mined to 260m below surface produced 205kt @ 12.5% Cu. • Strong new IP chargeability anomalies immediately below the Duchess mine workings where no historical drilling has
Slide 17: Mallina Basin, Pilbara WA
MALLINA BASIN, PILBARA WA Strelley Gold Project (CNB: 100%) - intrusion hosted “Hemi Style” gold mineralisation intersected in drilling • 70 km strike of underexplored ground covering 442 km2 which is only 70 km northeast of De Grey Mining Ltd’s (ASX DEG) Hemi gold deposit, 213Mt @ 1.2g/t for 8.5Moz
Slide 18: Malmac Project (CNB: 100%)
MALMAC PROJECT (CNB: 100%) Early Stage New Frontier Project1 • Salvation Prospect - 6 km long copper-nickel surface anomaly with results up to 1,380 ppm copper. • Little-known outcrop of pillow basalt, potentially equivalent to the Narracoota Volcanics in the Byrah Basin. • Equivalent geological set
Slide 19: Activities & Newsflow
ACTIVITIES & NEWSFLOW Greater Duchess Copper Gold Project (QLD) • Ongoing exploration at Greater Duchess Copper Gold Project. • Two rigs currently on site. • IP Results pending for several target areas. • Extensional drilling at Nil Desperandum and Lady Fanny continuing. • First pass drilling of new
Slide 20: Investment Case – Why Carnaby?
INVESTMENT CASE – WHY CARNABY? • Exceptional results – significant copper-gold discovery at Greater Duchess, Mt Isa district. • Location – Greater Duchess is in the heart of Australia’s copper industry with excellent access, infrastructure and a range of opportunities for future development. Is ther
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