Cannindah Resources Limited · ASX:CAE
Cannindah Resources — Planet Metals — Shareholder Meeting (November 2014)
22 slides from Cannindah Resources's shareholder meeting presentation, November 2014
Slide 1: Changing for the Future
ASX Code: PMQ CHANGING FOR THE FUTURE PRESENTER: TOM PICKETT (EXECUTIVE CHAIRMAN)
Slide 2: Disclaimer
Disclaimer This presentation includes certain forward looking statements, estimates and projections with respect to the future performance of Planet Metals Limited. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove not
Slide 3: Corporate Snapshot
Corporate Snapshot • ASX Code: PMQ • Share Price (26/11/14): 2.8c • Shares on Issue: 80.2M • Market Cap.: $2.3M • Cash (maintain low cash burn): $350k (at 30 Sept) • Board & Management • Tom Pickett (Exec Chairman) • John Hamilton (Non-Exec Director) • Laurie Johnson (Non-Exec Director) • Adam Colra
Slide 4: Corporate continued
Corporate continued • Company is focussed on the development of the Mt Cannindah copper/gold project near Monto in Queensland. • New targets have been identified along with possible areas of extension of the current 5.5MT resource @ 0.92%Cu • Board has evaluated other projects throughout the year ho
Slide 5: Overview
Overview • Planet has evaluated a number of projects throughout the year. Fairly extensive due diligence was completed over one project however the board decided that the Mt Cannindah project was to be the focus for the company into the near future and negotiations were discontinued. • Renewed explo
Slide 6: Current Projects
C u r re nt inn ZA meMETALS _— p PROJECT LOCATIONS N I z nN Lit Projects ’ a, [= ; 7 \ vad ' a d ; » \ =! ae ‘ x CAIRNS : _ } eS Einasleigh or] MOUNT BORIUM on SS a | Gold Project = See / Oak River = GoldMine wt TOWNSVILLE zi <2 a = i ‘ ~— Ww 4, Mackay = A, RQ Rockhampton |= ae ina MOUNT CANNINDAH |
Slide 7: Mount Cannindah Copper-Gold Project
Mount Cannindah Copper-Gold Project • Large porphyry copper gold system • Similarities to Newcrest’s Cadia & Ridgeway deposits • approx 6km2 of Granted Mining Leases & >100km2 of EPMs • under-explored with priority large-scale targets • Resource Table (October 2011) Mount Cannindah minesite only Cat
Slide 8: New Targets
New Targets • 3 new potential copper targets • new gold targets • Possible new strike extension in a previously undrilled area to the North of the current 5.5mt @ 0.93%Cu resource at Mt Cannindah • High grade gold veining located near Little Wonder • Geologists currently in the field completing more
Slide 9: Summary
Summary • Experienced corporate and exploration focus • Focused on exploration of flagship asset • Significant underlying asset value and project exploration upside potential • Advanced Au-Cu Exploration Project • Prudent exploration methodology outlined in the near term to develop new targets • Dec
Slide 10: Mt Cannindah Project location
Mt Cannindah Project location
Slide 11: Data sets drilling
Data sets drilling DATA SETS - DRILLING Oo Ww = a / P) | < = Lu = - Lu 2 < | a
Slide 12: 3D modelling
3D modelling MAJOR PROSPECTS MT CANNINDAH (Cu-Au-Ag) Oblique 3D Long section of Mt Cannindah looking NW, illustrating the concentration of to mineralisation proximal to the astern edge of the Cannindah Intrusive (pink) Oblique 3D Long section of Mt Cannindah looking NW, illustrating the 2008 Mineral
Slide 13: Possible Cu resource extension
Possible Cu resource extension
Slide 14: Possible Cu extension
Possible Cu extension RECENT WORK & EXPLORATION TARGETS MT CANNINDAH (Cu-Au-Ag) Long Section - 325290E, looking east — Illustrating zone of high chargeability (yellow-red) adjacent to and tothe north of the current Mt Cannnindah Cu-Au Resource (green) a Wu E = mal Ww wal < - Ma = [= (LL Zz < =a an
Slide 15: Other targets
Other targets • United Allies (Cu-Mo) • This is associated with the northern portion of the main monument Granodiorite intrusive. • The mineralisation occurs as a stockwork of narrow sulphide bearing quartz veins. • Mineralisation consists of pyrite, chalcopyrite, and molybdenite within the veins wi
Slide 16: Other targets
Other targets MAJOR PROSPECTS UNITED ALLIES (Cu-Mo) Plunge +30 Azimuth 041 100 1 Oblique 3D Long section of the United Allies prospect looking NE, illustrating the dimensions of mineralisation and lack of drill testing at depth. a Wu E = mal Ww wal < - Ma — [= (LL Zz < =a an
Slide 17: Other targets
NITE a 2) wal < - LL = - ina z of =a a Other targets MAJOR PROSPECTS MONUMENT / LIFESAVER / APPLETREE / DUNNO (Cu-Mo) Collectively referred to as the “Southern Skarn”, the Monument, Lifesaver, Appletree and Dunno prospects comprise a broad zone of predominately skarn hosted mineralisation occurringo
Slide 18: Recent ground work
I= a w wal < - LL = [= ina Zz oS =a a Recent ground work RECENT WORK & EXPLORATION TARGETS APPLE TREE / DUNNO (Cu) Geological mapping confirmed the continuation of the sedimentary sequence dipping shallowly to the SE over the zone of high magnetism. Other units identified included; * agranitic intru
Slide 19: Recent work
ITE 7 2) wal “ - LL = - WW z of =a a Recent work RECENT WORK & EXPLORATION TARGETS APPLE TREE / DUNNO (Cu) Interpreted structure ——| Rhyolite dyke ———_ | GMAG Profile Elevation Profile A Silicification Conglomerate Possible Copper - Magnetite Skarn 2 a Limestone Silt/sandstone —~ |
Slide 20: Recent work
7 2) wal “ - LL = - WW z of =a a Recent work RECENT WORK & EXPLORATION TARGETS LITTLE WONDER (Au-As) The GMAG survey identified a linear zone of low magnetism linking Little Wonder in the SW to Cannindah Eastin the NE Mappingidentified historic pits developed along this zone of low magnetism Mapping
Slide 21: High Grade gold veining near surface near Little Wonder
High Grade gold veining near surface near Little Wonder
Slide 22: Thank you
Thank you • New Logo, new progress, new future