Cannindah Resources Limited · ASX:CAE
Cannindah Resources — Shareholder Meeting (December 2021)
18 slides from Cannindah Resources's shareholder meeting presentation, Dec 17, 2021
Slide 1: Excellence in Copper and Gold Exploration
For personal use only EXCELLENCE IN COPPER AND GOLD EXPLORATION
Slide 2: Disclaimer
For personal use only Disclaimer This presentation includes certain forward looking statements, estimates and projections with respect to the future performance of Cannindah Resources Limited. Such statements, estimates and projections reflect various assumptions concerning anticipated results, whic
Slide 3: Corporate Presentation December 2021
For personal use only Market Cap circa 95m AUD with no debt Shares on issue 523m Cash circa $1.1m AUD Share price 18c Top 20 shareholders hold approx. 80% Board of Directors: Tom Pickett – Executive Chairman Simon Beams - Non-Executive director Geoff Missen - Non-Executive director Corporate Present
Slide 4: High Quality Assets 100% owned by Cannindah Resources Limited
For personal use only High Quality Assets 100% owned by Cannindah Resources Limited Mt Cannindah Piccadilly Percy Marlow application Current drilling adding Large intrusive related gold Two new EPMA targets significant scale to project system target adjoining Piccadilly Existing JORC improved by Dri
Slide 5: Mt Cannindah Location
Mt Cannindah For personal use only Location ● 100km south of port of Gladstone; ● Haul road to Gladstone passes the mine gate; ● Small town of Kalpower three minutes from mine gate; ● Larger township of Monto 50 minutes from site on sealed road; ● Bruce Highway 50 minutes from mine gate unsealed roa
Slide 6: Mt Cannindah Project Summary
For personal use only Mt Cannindah Project Project Summary
Slide 7: Exploration upside of large system target interpretation
Exploration upside of large system For personal use only target interpretation ● The breccia areas identified in the adjacent figure as Mt Cannindah and Cannindah East and shaded in blue are the areas we say may be linked rather than being two separate systems as was interpreted in the past; ● The p
Slide 8: Mt Cannindah copper resource more robust in grade and size potential
For personal use only Mt Cannindah copper resource more robust in grade and size potential from recent drilling ● View of resource area looking North and South in section; ● Hole 3 extends the previous known mineralised area nearly two hundred metres; ● Knowing more about the Mt Cannindah breccia fr
Slide 9: Drill hole orientation
For personal use only Drill hole orientation ● The drill core here shows that the mineralization being encountered is in fact not going in the same direction as the hole, rather it is cutting at right angles across the core; ● The hole is therefore not a ‘down dip’ hole and provides significant data
Slide 10: Cannindah East
For personal use only Cannindah East ● Very High grade gold mineralisation; ● Historical 112.6g/tAu over a 2m interval; ● Gold mineralisation open to the South, the North, the West and at depth; ● Most historical holes were limited to 100m, vertical, and only assayed for gold; ● The hole assayed for
Slide 11: Drill core sample from Mt Cannindah
Drill core sample from Mt Cannindah For personal use only Primary copper mineralisation Hole 21CAEDD002, above at 288.5m , -5% visual estimate of chalcopyrite in the interval 288m- 289m, Lab assay result 2.10% Cu. And below further Chalcopyrite showing excellent copper grades 1.65%Cu reported in hol
Slide 12: Mt Cannindah Breccia
For personal use only Mt Cannindah Breccia This is an excellent example of what we continue to encounter at Mt Cannindah whilst drilling for copper and gold. This example would likely grade over 1%Cu.
Slide 13: Longest Hole drilled on site to date
For personal use only Longest Hole drilled on site to date ● Hole 3 is 762m in length finishing in mineralization and open at depth; ● High grade copper intercept 493m @ 1.17%CuEq; ● New gold zone located at 567m with 11m at 3.4g/tAu; ● Significant gaps in the data from the original resource calcula
Slide 14: Piccadilly Project
For personal use only Piccadilly Project ● Large intrusive related gold system target; ● Located approx. 100km from port city of Townsville; ● Drilling earlier in the year returned gold results from all 31 RC holes see ASX release 5th of August 2021; ● Existing mining lease ML1442 surrounded by two
Slide 15: High grade gold
For personal use only High grade gold ● Visible gold in gossanous quartz veining at Piccadilly western slot trench sample; ● Surface trench sampling has been very effective in identifying high grade gold bearing quartz veining; ● Excellent example of this high grade gold in trenching displayed; ● Dr
Slide 16: New EPM application areas
For personal use only New EPM application areas ● Piccadilly extension with EPM application for the Percy Marlow prospects; ● Expectation is that we will be receiving the final grant for these two prospect areas in early 2022 after recently executing a Native Titile exploration agreement; ● Historic
Slide 17: The future looks bright
The future looks bright For personal use only ● Much larger scale system potential to come via linking Mt Cannindah and Cannindah East prospect areas with drilling continuing early Jan 2022; ● Huge drill hits in 2021 will be built upon in Q1 of 2022 delivering on scale, grade, and new areas; ● Every
Slide 18: Tom Pickett, Executive Chairman
For personal use only Tom Pickett Executive Chairman tpickett@cannindah.com.au www.cannindah.com.au
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