Cannindah Resources Limited · ASX:CAE
Cannindah Resources — Shareholder Meeting (November 2018)
26 slides from Cannindah Resources's shareholder meeting presentation, Nov 23, 2018
Slide 1: 2018 Annual General Meeting
For personal use only 2018 ANNUAL GENERAL MEETING ASX:CAE
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, wh
Slide 3: Company Overview
For personal use only Company Overview Board: Tom Pickett – Executive Chairman Laurie Johnson – Non-executive (Geologist) Geoff Missen – Non-executive Shares on Issue: 167,852,612 Share Price: 2.3c Market Cap: 3.9m Top 20 Shareholder percentage: Circa 73% Projects: Piccadilly Gold Mining and Explora
Slide 4: Cannindah Resources Ltd
Cannindah Resources Ltd For personal use only • Australian mining and exploration company, focused on gold and copper exploration in Queensland • Projects include Piccadilly, the Mt Cannindah copper-gold project, and the Mount Borium gold project • More recently, the focus has been the Piccadilly Go
Slide 5: Strategy
Strategy For personal use only • To develop a large-scale gold exploration target within the Piccadilly project whilst managing the existing portfolio of exploration expenditure and increasing Annabis market share. • Drilling and geophysical surveys during the year have provided excellent data on ta
Slide 6: Mt Cannindah Project – Overview
For personal use only Mt Cannindah Project – Overview The Mt Cannindah Project is a wholly-owned, gold-bearing porphyry copper system with significant depth and regional potential. The current JORC resource at the Mt Cannindah prospect is 5.5Mt @ 0.92% Cu, 0.34g/t Au & 14.9g/t Ag. Following the comp
Slide 7: Piccadilly Project
For personal use only Piccadilly Project • Involvement by Cannindah Resources Ltd announced last year • Agreement in place to explore and mine ML1442, and later a further agreement to explore surrounding EPMs • Exploration and geological evaluation being conducted by Terra Search Pty Ltd and Klondik
Slide 8: Piccadilly Project Location
For personal use only Piccadilly Project Location
Slide 9: Piccadilly Project – Intrusive Related Gold System
For personal use only Piccadilly Project – Intrusive Related Gold System • Geologically modelled intrusive related gold system target located within 1.5km of mining lease area where we have discovered significant gold grades (~79.4g/tAu) • System likely to be circa 2km in diameter, and is yet to be
Slide 10: Piccadilly Project – Continued
For personal use only Piccadilly Project – Continued • Discovery of exceptionally high-grade mineralization has prompted interest in the project from multinational companies . • Focus moving forward will be a drilling ‘program to confirm existence of large-scale, bulk-tonnage target with Cannindah R
Slide 11: Visible Gold at Piccadilly Mine
For personal use only Visible Gold at Piccadilly Mine Signs of visible gold within sampling taken from veining close to surface indicative of the high grade zone that is currently being investigated by Cannindah Resources Limited.
Slide 12: Piccadilly – Larger Possibilities
For personal use only Piccadilly – Larger Possibilities • Investigations indicate gold may be present across wider lithological units, and that the system may be driven by the interpreted intrusive source located in the exploratory zone just outside of the mining lease (approx. 1.5km to the south).
Slide 13: Reprocessing of Airborne Magnetics is How it All Started
For personal use only Piccadilly Project – Reprocessing of Airborne Magnetics is How it All Started Key Prospective Criteria: • Discrete, strong, reversely-magnetised annular magnetic anomaly • Significant size (>1Km diameter) • Blind (potential capping & concentration of ore fluids) Magnetic analog
Slide 14: Ground-Based Magnetics and Mapping
For personal use only Ground-Based Magnetics and Mapping This previous exploration activity by PGMHL has outlined very successfully the magnetic feature of the intrusive core, which has been called the La Meridian anomaly. The magnetic features correlate very well with the geologically mapped areas
Slide 15: Geochemistry Rock Chips
For personal use only Geochemistry Rock Chips Piccadilly Mine(Au) – Intrusive Related Gold System • Distinct zonation peripheral from the La Meridian Intrusive • Temperature cooling zonation evident outward from the intrusion at La Meridian • Dense clusters of strongly elevated Au in quartz veining
Slide 16: Soil Geochemistry
For personal use only Soil Geochemistry The Myrtlevale zinc anomaly is located very close to the intrusive core One of the pathfinders for intrusive systems is the existence of a zinc envelope near the intrusive core It is very clear from the zinc geochemical signature that it sits right above the i
Slide 17: Gold in Soils
For personal use only Gold in Soils The gold zonation is very apparent in this soil figure, which outlines a clear zone within the mining lease and in an area to the south between the mining lease and the modelled intrusive system. It may be possible due to the Hornfels aureole that the area further
Slide 18: Trenching at the mining lease
For personal use only Trenching at the mining lease The figure to the right is looking from west to east on the mining lease at Piccadilly. The right hand side of the trench is the southern side, with the northern part to the left and covered with shadows. The trench is approximately 8-10m wide in v
Slide 19: Piccadilly Mine – Trench Channel Sampling with stockpile sample results
For personal use only Piccadilly Mine – Trench Channel Sampling with stockpile sample results
Slide 20: Piccadilly Mine – Intrusive Related Gold System
Piccadilly Mine – Intrusive Related Gold System For personal use only Piccadilly Mine – Intrusive Related Gold System
Slide 21: Piccadilly Project IP Chargeability and Resistivity
For personal use only Piccadilly Project IP Chargeability and Resistivity Chargeability defines broad area of anomalism located south of the Piccadilly Mining Lease in a previously untested setting
Slide 22: Proposed Drilling Location
Proposed Drilling Location For personal use only Clearly defined IP target area with previously proposed drill line location. The work completed to date by CAE has assisted greatly in developing proposed drill locations. We had initially decided to focus on a straight line through the IP anomaly. Th
Slide 23: Piccadilly Project – Key Points
Piccadilly Project – Key Points For personal use only • Drilling the target zone to the south of the Mining Lease may show the intrusive system to be feeding the high- grade areas on the Mining Lease. Due to it being kilometres in scale, there is a possibility of a multi-million ounce target area. C
Slide 24: Diversification
For personal use only Diversification Fielding current interest from parties Strategy behind diversification is to Partnership agreement with Annabis who are seeking to assist in provide the company with a further Hemp completed in subsidiary distribution of products along with avenue of cash flow i
Slide 25: Example of Annabis Products
For personal use only Example of Annabis Products
Slide 26: Thank you
For personal use only Thank you
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