Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Shareholder Meeting (November 2024)
26 slides from Carnaby Resources's shareholder meeting presentation, November 2024
Slide 1: Growing Copper-Gold Discovery with Tier 1 Infrastructure
GROWING COPPER-GOLD DISCOVERY WITH TIER 1 INFRASTRUCTURE Annual General Meeting, November 2024 PHOTO OF COSTEAN OUTCROP SAMPLE FROM MOHAWK
Slide 2: Statements and Disclaimers
Statements and Disclaimers Competent Persons Statement The information in this document that relates to all exploration results is based upon information compiled by Mr Robert Watkins. Mr Watkins is a Director and shareholder of the Company and a Member of the AusIMM. Mr Watkins consents to the incl
Slide 3: Corporate Overview
CORPORATE OVERVIEW A growing copper gold company
Slide 4: Corporate Overview: Structured for Exploration Success
Corporate Overview STRUCTURED FOR EXPLORATION SUCCESS CORPORATE STRUCTURE1 BROKER COVERAGE Shares on Issue 171.9M Share Price $0.37 Unlisted Options 4.4M Market Cap $64M SHARE PRICE PERFORMANCE2 Cash @ 31 September 2024 $7.0M $2.50 Lady Fanny $2.00 Discovery MAJOR SHAREHOLDERS2 Chalcus Lode Greater
Slide 5: ASX Copper Developers and Producers
ASX Copper Developers and Producers A TIGHT SPACE • Most development projects are currently stalled due to significant stand-alone Capex requirements • Numerous single mine developers and producers • Opportunity for consolidation Market Cap (A$M) 620 1,486 274 178 179 117 121 100 60 61 64 70 32 42 2
Slide 6: Queensland Focused Copper-Gold-Lithium Explorer
Queensland Focused Copper-Gold-Lithium Explorer KEY ASSETS IN PROVEN MINING HUBS + BASE METAL PROVINCES PILBARA GOLD AND GREATER DUCHESS COPPER LITHIUM PROJECTS AND GOLD PROJECTS 397 km2 tenements 1,946 km2 tenements MALMAC COPPER AND LITHIUM PROJECT 739 km2 tenements ANNUAL GENERAL MEETING 2024 1 I
Slide 7: Greater Duchess Project
Greater Duchess Project SURROUNDED BY TIER 1 INFRASTRUCTURE Large 1,946 km2 tenement package1 Unused Rail Loop • 70km SE of Mount Isa From 1960’s • Tier 1 Infrastructure Concentrate • Main Railway Rail Loop passes within 1km of the Rom Pad deposits • Gas pipeline 3 km Nil Desperandum Myubee Siding •
Slide 8: Greater Duchess Copper Gold Project
Greater Duchess Copper Gold Project A STORY OF DISCOVERY New Discovery Potential Consolidated Mount Hope region has huge potential for additional open pit satellite discoveries. Scoping Study Highlights optionality for low capex ($35M) start up and longer term stand alone potential. Maiden Greater D
Slide 9: Exploration
EXPLORATION 315,000t CuEq discovered by Carnaby at the Greater Duchess Project in the last 2.5 years PHOTO OF COSTEAN FROM MOHAWK
Slide 10: Mount Hope Region (CNB 51-100%)
Mount Hope Region (CNB 51-100%) EXCEPTIONAL VTEM CONDUCTORS LIGHT UP MOUNT HOPE REGION1 • Mohawk Discovery, 21m @ 2.0%Cu, 0.6g/t Au • 194 line km VTEM survey completed Jude • >4km Mohawk Corridor, numerous VTEM conductors – Undrilled • Pronuba - Strongest VTEM conductor – First pass drilling underwa
Slide 11: Pronuba Prospect (CNB 100%)
Pronuba Prospect (CNB 100%) NEW PREVIOUSLY UNDRILLED VTEM CONDUCTOR1 • Strongest VTEM conductor from VTEM survey • 300m long conductor modelled at 550 Siemen Jude • High grade surface copper mineralisation present • Rock Chip pXRF up to 35.4% Cu • >200m high tenor soil anomaly up to 0.73% Cu • First
Slide 12: Mohawk Corridor (CNB 100%)
Mohawk Corridor (CNB 100%) NEW MOHAWK 3 PROSPECT – UNDRILLED VTEM CONDUCTOR1 • Located only 1km east of Mount Hope • >400m strike quartz iron oxide veinJude breccia • 435m long conductor modelled at 290 Siemen • Rock Chips up to 2.8% Cu, soils anomaly to 0.3% Cu • First pass RC drilling to commence
Slide 13: Mohawk Discovery (CNB 100%)
Mohawk Discovery (CNB100%) NEW HIGH GRADE DISCOVERY 1.5KM SE OF MOUNT HOPE1 • First drill hole yielded high grade intersection: • MKRC001: 21m @ 2.0% Cu from 43m, Incl 12m @ 3.3% Cu. • Open with strong undrilled VTEM conductors over 500m to the north. 13 ANNUAL GENERAL MEETING 2024 1 SEE ASX RELEASE
Slide 14: Nil Desperandum Region (CNB 82.5%)
Nil Desperandum Region (CNB:82.5%) SAN QUENTIN - MAJOR UNDRILLED VTEM CONDUCTOR San Quentin Prospect • 2km SE of Nil Desperandum • Late channel VTEM conductor • Coincident with outcropping copper mineralisation with up to 6.7% Cu • Heritage surveys completed, first pass drilling to commence shortly
Slide 15: Magna Lynn Southern Corridor (CNB 100%)
Magna Lynn Southern Corridor (CNB:100%)1 • Structural and stratigraphic corridor over 75 km of strike • Interpreted southern continuation of the Mount Hope to Nil Desperandum IOCG corridor • Virtually unexplored with no historic drilling or soil sampling. • Numerous historical workings. • Carnaby ha
Slide 16: Rio Tinto Devoncourt Project Farm-in
Rio Tinto Devoncourt Project Farm-in VERY ENCOURAGING SIGNS FROM MAIDEN DRILLING PROGRAM1 Wimberu Prospect • Maiden drill program intersected highly encouraging breccia style mineralisation of 17.3m @ 0.46% Cu, 0.09g/t Au. • The new 17m downhole breccia and vein zone is completely open and untested
Slide 17: Development
DEVELOPMENT Optionality to develop a low Capex start up or Standalone project PHOTO OF COSTEAN FROM MOHAWK
Slide 18: Greater Duchess Scoping Study Results
Greater Duchess Copper Gold Project SCOPING STUDY RESULTS1 (PRE FEASIBILITY STUDY IN PROGRESS) • Low ~A$35M Pre-production Capex Third Party Processing development optionality. • Predicting fast payback with high IRR and consistent operational cash flows. • Conservative Optimisation and Design prici
Slide 19: Greater Duchess Scoping Study Results: CuEq Production
Greater Duchess Copper Gold Project SCOPING STUDY RESULTS1 (PRE FEASIBILITY STUDY IN PROGRESS) • 9-year target 7.5Mt @ 1.9% CuEq, 140,000t CuEq. Annual Estimated Mining Production of CuEq Metal by Mining 30,000 Source 3 • 3-year open pit average: 1.1Mt @ 1.7% CuEq, 19,000t pa 25,000 2.5 • 6-year und
Slide 20: Greater Duchess Scoping Study: Low Capex Direct Rail Haulage Option
Greater Duchess Scoping Study LOW CAPEX DIRECT RAIL HAULAGE OPTION1 • Low Estimated Pre-Production Capex: ~A$35M • A$15M – Ore loadout crusher rail siding facility, road works • A$13M – Camp, Admin, Mining Infrastructure • A$7M - Contingencies 1 REFER TO ASX RELEASE DATED 30 MAY 2024 20
Slide 21: Greater Duchess Copper Gold Project Outlook
Greater Duchess Copper Gold Project OUTLOOK • High potential for new discoveries in first pass Work Program H1 CY'24 H2 H1 CY'25 H2 H1 CY'26 H2 H1 CY'27 H2 H1 CY'28 H2 H1 CY'29 H2 drilling of VTEM conductors which has Exploration Drilling commenced this week Scoping Study • Target open pit mineral r
Slide 22: Office Contact
Office Contact 78 Churchill Avenue P +61 (0) 8 6500 3236 SUBIACO WA 6008 E info@carnabyresources.com.au
Slide 23: Appendix 1: Mineral Resource Inventory
Appendix 1 Carnaby Resources Limited Greater Duchess Copper Project - Cu Equivalent Cut-off1 Mineral Resource Inventory as at 27 October 2023 Indicated Inferred Total COG Deposit CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq % Mt % g/t % t oz t Mt % g/t % t oz t Mt % g/t % t
Slide 24: Mount Hope (CNB 51-100%)
Mount Hope (CNB 51-100%) HIGH POTENTIAL FOR ADDITIONAL DISCOVERIES1 • Consolidation of tenure around the Mount Hope mining lease allows for optimal development and exploration of the camp scale IOCG mineralised footprint. • >5km strike of the Mount Hope IOCG corridor with strong potential for direct
Slide 25: Strelley Gold & Lithium Project (CNB: 80-100%)
Strelley Gold & Lithium Project (CNB: 80-100%) MALLINA BASIN – PILBARA WA Strelley Gold Corridor • 70 km NE of De Grey Mining’s (ASX: DEG) Hemi Gold Deposit ❖ 236Mt @ 1.3g/t for 9.5Moz1 • Intrusion hosted “Hemi Style” gold mineralisation intersected in drilling at Strelley inc. 7m @ 2.8g/t Au inc 2m
Slide 26: Malmac Project (CNB 100%)
Malmac Project (CNB:100%) COPPER AND LITHIUM ANOMALIES Salvation Copper Prospect Discovery • 3 km long by 1 km wide zone of highly anomalous copper in rock chip and soil geochemistry. • Maximum rock chip results: • 1.2% Cu pXRF • 0.6% Cu Assay • Little-known outcrop of pillow basalt, potentially equ
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