Carnavale Resources Limited · ASX:CAV

Carnavale Resources — Investor Presentation (September 2024)

15 slides from Carnavale Resources's investor presentation, Sep 11, 2024

  1. Slide 1: Kookynie Gold Project

    For personal use only Kookynie Gold Project

  2. Slide 2: Cautionary Statements

    Cautionary Statements For Consideration This presentation has been prepared by Carnavale Resources Ltd “Carnavale”. This document contains background information about Carnavale current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or

  3. Slide 3: Corporate Overview

    Corporate Overview Gold and Battery metals Capitalisation Data(1) Previous 6 months Share Price Performance(1) For personal use only Share Price A$ 0.005 Issued Capital B 3.4 Market Capitalisation A$M 17.4 Cash2 A$M 1.25 Enterprise Value (3) Major Shareholders A$M 12.96 Directors 8.87% Top 20 46.67%

  4. Slide 4: Board & Management

    Board & Management Board of Directors and Management team with demonstrated exploration success Board and Management For personal use only Ron Gajewski Mr Gajewski is an accountant by profession, with many years of experience as a Director of public listed Non-Executive companies and as a corporate

  5. Slide 5: Carnavale's Key Projects

    Carnavale’s Key Projects Exploring high impact projects in WA For personal use only ❖ Kookynie Gold Project - recent MRE and Scoping Study – refer ASX release 13 June 2024 “Robust Maiden Resource and Positive Scoping Study” ▪ I+I Resources of 457kt at 5.8g/t for 85koz* ▪ Including 61kt @ 31.5g/t for

  6. Slide 6: Well Endowed Gold Region

    Kookynie Gold Project Well Endowed Gold Region Carnavale has discovered high-grade gold mineralisation at For personal use only Swiftsure, under thin transported cover and along highly prospective 2km mineralised trend. 840koz Strategy to define high quality, high value gold resources 560koz and eva

  7. Slide 7: Maiden Resources Estimate table

    Kookynie Gold Project Maiden Resources Estimate table Cube Consulting Maiden MRE + Scoping study For personal use only Niche Project - 457k tonnes at 5.8g/t for 85koz* 60% of the resource is indicated Including Bonanza grade core of: 61k tonnes @ 31.5g/t for 55koz 61% of the ounces in 11% tonnes Not

  8. Slide 8: Maiden Resource and Mining study Presentation

    Kookynie Gold Project Maiden Resource and Mining study Presentation Production target 421kt @ 4.6g/t for 62koz Au* For personal use only 74% classified as indicated Scoping study based on toll treat w/ contract mining 100km transport @ 15c/t per km $35t processing cost 95% metallurgical recovery Des

  9. Slide 9: Maiden Resource and Mining study Presentation

    Kookynie Gold Project Maiden Resource and Mining study Presentation For personal use only Bonanza grade shoots with “ounce dirt” Maximum drawdown $12.9m (month 8) Initial mine life of 32 months Payback of Capital in month 14 Mine design robust design chosen that provided best NPV and shortest paybac

  10. Slide 10: Project Valuation

    Kookynie Gold Project Project Valuation NPV8 A$91m with an IRR of 192% using For personal use only A$3,500 oz* Undiscounted Cashflow A$105m Pre-production Capital $3m Payback period covered by 93% indicated resources from the open pit. all in cost A$1,730 per ounce recovered. 56% of production from

  11. Slide 11: Treatment options

    Kookynie Gold Project Treatment options Potential to mine, haul and process at nearby processing plants For personal use only Abundant processing opportunities within 200km of Kookynie. Gwalia Leonora 60km Red 5 KOTH 85km Davyhurst 105km Dacian Mt Morgans 110km Laverton 150km Paddington 150km Kalgoo

  12. Slide 12: Exploration Program to add ounces

    Kookynie Gold Project Exploration Program to add ounces For personal use only Exploration upside down-dip at Swiftsure below 250m from surface for bonanza gold shoots New shallow discoveries at Tiptoe and Valiant to be tested for high-grade shoots in fresh rock Further potential at Champion South an

  13. Slide 13: High-grade Shoot zones

    Kookynie Gold Project High-grade Shoot zones For personal use only Section B- B’ Section A - A’

  14. Slide 14: Way forward

    Kookynie Gold Project Way forward Explore beneath Swiftsure for high-grade extensions For personal use only Explore beneath Valiant and Tiptoe for shallow high- grade extensions along strike Met work ongoing - 99.5% recovery with 87.1% as gravity Mining License applied for August 24 Spring flora fau

  15. Slide 15: Carnavale Resources Limited

    Carnavale Resources Limited ASX: CAV For personal use only Website: carnavaleresources.com

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