Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Euroz Hartleys Institutional Conference 2022
19 slides from Carnaby Resources's conference presentation, March 2022
Slide 1: Euroz Hartleys Institutional Conference
Euroz Hartleys Institutional Conference March 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 Share Price Performance Last 12 Months1 ASX Code CNB Share Price1 $1.58 $2.20 Shares on Issue 143.5M $2.00 Unlisted Options 2.5M $1.80 Market Cap $227M $1.60 $1.40 Cash2 $25.8M $1.20 Top 20 Shareholders3 36.2% $1.00 Board / Management Shareholding3 15.2% $0.80 $0.6
Slide 4: Recent Developments and Highlights
RECENT DEVELOPMENTS AND HIGHLIGHTS Greater Duchess Copper Gold Project (QLD) • Major copper gold discovery in the Mt Isa inlier • Nil Desperandum 41m @ 4.1% copper, 0.5g/t gold1. • Lady Fanny Prospect 27m @ 2.8% copper, 0.8 g/t gold2 3km north of Nil Desperandum. • Extensive mineralisation throughou
Slide 5: 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 6: Greater Duchess Copper Gold Project: Regional Overview
GREATER DUCHESS COPPER GOLD PROJECT (CNB: 82.5 – 100%) Regional Overview • The Greater Duchess Copper Gold Project encompasses 1,022 km2 of Iron Oxide Copper Gold (IOCG) prospective tenure located approximately 70 km southeast of Mt Isa. • World class infrastructure including the main Mt Isa railway
Slide 7: Greater Duchess Copper Gold Project: Carnaby Land Holding Increased
GREATER DUCHESS COPPER GOLD PROJECT Carnaby Land Holding Increased to 1,022 km2 • Centered around the historical Duchess copper mining district. • Numerous deposit prospects and workings identified in a >50km long IOCG corridor. • Recent major discoveries at Nil Desperandum and Lady Fanny. • Extensi
Slide 8: Nil Desperandum IOCG Discovery
GREATER DUCHESS COPPER GOLD PROJECT Nil Desperandum IOCG Discovery1 (CNB: 82.5%) • Drilling by various companies since 1996 had defined extensive shallow copper mineralisation. • CNB drilling in 2021 included: ➢ 87m@ 0.9% Cu from 190m ➢ 60m @ 1.0% Cu from 139m • Induced Polarisation (IP) survey inve
Slide 9: Nil Desperandum IOCG Discovery
GREATER DUCHESS COPPER GOLD PROJECT Nil Desperandum IOCG Discovery1 (CNB: 82.5%) • Nil Desperandum mineralisation is hosted by biotite schist. • Copper mineralisation comprises semi- massive chalcopyrite and sulphide breccia dipping moderately SE. • Main breccia zone has a pipe-like geometry with hi
Slide 10: Nil Desperandum IOCG Discovery
GREATER DUCHESS COPPER GOLD PROJECT Nil Desperandum IOCG Discovery1 (CNB: 82.5%) • Highly continuous copper-gold mineralisation hosted in a thick tabular (~40m true width) plunging breccia shoot drilled over 500m down plunge and completely open at depth. • Copper grades appear to be increasing at de
Slide 11: Lady Fanny IOCG Discovery
GREATER DUCHESS COPPER GOLD PROJECT Lady Fanny IOCG Discovery1 (CNB: 100%) • The Lady Fanny Prospect is a historical high-grade copper-gold deposit located only 3 km north of Nil Desperandum. • >600m of high-grade copper gold mineralisation defined by drilling and IP. No known historical drilling. •
Slide 12: Lady Fanny IOCG Discovery
GREATER DUCHESS COPPER GOLD PROJECT Lady Fanny IOCG Discovery1 (CNB: 100%) • Multiple steeply dipping broad high-grade copper-gold lodes completely open along strike and at depth. • 6 lines of 100m spaced IP recently completed, results extend the mineralised corridor to over 600m in length. • Major
Slide 13: Duchess Deposit
GREATER DUCHESS COPPER GOLD PROJECT Duchess Deposit (CNB: 82.5%)1 Mount Isa • Duchess Deposit (1900-1940) - produced railway 205kt grading 12.5% Cu • Includes Ivanhoe Lode open along strike and at Duchess Mine Ivanhoe produced depth with results up to; 12m @ 2.0% Cu 205kt @ 12.5% Cu • 12m @ 2.0% Cu
Slide 14: Mallina Basin, Pilbara WA: Strelley Gold Project
MALLINA BASIN, PILBARA WA (CNB: 80-100%) 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, 192Mt @ 1.
Slide 15: Mallina Basin, Pilbara WA: Big Hill Lithium Project
MALLINA BASIN, PILBARA WA Big Hill Lithium Project (CNB:100%) • Large 1.5 km by 0.5 km lithium soil anomaly with soil results up to 179 ppm Li1. • First pass RC drilling planned for Q2 1. See ASX release dated 1 December 2021 2. Resources in Right Hand Diagram: • See De Grey Mining Ltd’s (ASX DEG) A
Slide 16: Malmac Project
MALMAC PROJECT (CNB: 100%) Early Stage New Frontier Project • 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 sett
Slide 17: Activities & Newsflow
ACTIVITIES & NEWSFLOW Greater Duchess Copper Gold Project (QLD) • Ramp up of exploration at Greater Duchess Coper Gold Project • Two rigs currently on site for the planned 20,000m drilling programs • RC and diamond drilling at Lady Fanny • Extensional drilling at Nil Desperandum underway • Additiona
Slide 18: Investment Case – Why Carnaby?
INVESTMENT CASE – WHY CARNABY? • Exceptional results – major copper-gold discovery at Greater Duchess, Mt Isa district and promising early-stage gold results at Strelley in WA • Location – major discovery in the heart of Australia’s copper industry with excellent access, infrastructure and a range o
Slide 19: Carnaby Resources Limited
Carnaby Resources Limited Discovering high grade copper in Australia’s Copper Heartland Slide 19
Carnaby Resources — Euroz Hartleys Institutional Conference 2022 on 6ix