Cannindah Resources Limited · ASX:CAE
Cannindah Resources — Noosa Mining Conference (November 2024)
21 slides from Cannindah Resources's conference presentation, Nov 15, 2024
Slide 1: Cannindah Resources Limited – Mt Cannindah Copper-Gold Project
For personal use only Cannindah Resources Limited Mt Cannindah Copper-Gold Project
Slide 2: Statements and Disclaimer
Statements and Disclaimer For personal use only 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 anticipate
Slide 3: Highlights
Highlights Cannindah Resources Limited (ASX.CAE) is an emerging copper & gold exploration and For personal use only development company seeking to advance its high-quality assets in Queensland • Recently updated JORC Mineral Resource Estimate at Mt Cannindah of 14.5Mt at 1.09% CuEq, Significant • 88
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Metric Share Price Performance Shares on Issue 704m Price ($) Volume (m) $0.18 6.0 Share Price (as of 30 September 2024) $0.04 $0.16 5.0 $0.14 Market Capitalisation $28.1m $0.12 4.0 Top 20 shareholders 65.45% $0.10 3.0 $0.08 $0.06 2.0 $0.04 1.0 $0.02 - - Boar
Slide 5: Location
Mt Cannindah - Location Located in an excellent jurisdiction with granted mining leases and excellent access to infrastructure For personal use only 100km south of port of Gladstone and west of Bundaberg Haul road to Gladstone passes the mine gate Small town of Kalpower within the EPM area providing
Slide 6: Resource
Mt Cannindah - Resource First phase of drilling increased the Mineral Resource estimate to 14.5Mt @ 1.09% CuEq For personal use only • The recent 23 hole diamond drilling program significantly increased the size of the original resource size of 5.5MT @ 0.92%Cu to a substantial 14.5Mt @ 1.09% CuEq (0
Slide 7: World Class Potential
Mt Cannindah – World Class Potential For personal use only • Mt Cannindah Project already has a significant Resource of 14.5Mt @ 1.09% CuEq for 158,050 tonnes of contained cooper equivalent • Mineralisation in the resource area starts at surface and continues to a depth of 350m and remains open alon
Slide 8: Mineral Resource
Mt Cannindah – Mineral Resource For personal use only • The MRE has a large mineralisation footprint starting at surface, with 600m of strike, 100m in width and to a depth of 350m; • Mineralisation remains open along strike to the south and potentially to the north if an offset fault is present and
Slide 9: Plan View
Mt Cannindah – Plan View • Plan view of the resource area shows the strike of For personal use only circa 600m and width of more than 100m • Grade is very consistent • The resource area remains open along strike to the south and is potentially open further to the north. • The resource area is constr
Slide 10: Cross Section
Mt Cannindah - Cross Section For personal use only • Hole 3 cross section within Mt Cannindah ore body. • This hole was named within the top 10 holes worldwide for copper intercepts when drilled for 493m @ 1.14% CuEq • The upper interval from 14m to 177m for 163m @ 1.44%Cu which included 19m @ 3.11%
Slide 11: IP Shows Multiple High Priority Targets
IP Shows Multiple High Priority Targets • Geological interpretation is of a steeply west dipping, For personal use only north south oriented, tabular body of breccia with other breccias in close proximity along with porphyry feeder potential. • The Image shows multiple large scale IP anomalies withi
Slide 12: Significant areas yet to be drilled by CAE
Significant areas yet to be drilled by CAE Significant IP anomalies within Mt Cannindah project some with similar characteristics to the Mt Cannindah resource area For personal use only • The resource area is open to the south with IP showing the potential for southern drilling • Larger SW IP anomal
Slide 13: Significant Gold
Mt Cannindah – Significant Gold Significant gold intersections within the Resource show strong gold presence For personal use only • 104m @ 1.46 g/t Au, Including: • 20m @ 5.5g/t Au; (Aggregate interval of 275m @ 1.1g/t Au) from hole 18 • 67m @ 1.96 g/t Au (195m-262m), including: • 41m @ 3.07 g/t Au
Slide 14: Cannindah East
Cannindah East • Located circa 500m to the East of the Mt For personal use only Cannindah MRE • Approximately 145 holes were drilled historically and returned high grade gold mineralization, including: • 2m @ 112.6 g/t Au • 23.5m @ 1.25g/t Au • 43m @ 2.21g/t Au • 2m @ 13.4g/t Au • Most historical ho
Slide 15: Next Steps
Mt Cannindah – Next Steps For personal use only • Cannindah will commence a drilling program as soon as possible in 2024 to expand the existing 14.5Mt Resource and drill pads are already in place with preliminary work on drill targeting commenced; • Drilling will test the continuation along strike t
Slide 16: IP target next steps
IP target next steps For personal use only • The IP target and other IP anomalies present close to the resource area are coincident with the resource area at Mt Cannindah. There are excellent similarities from a geochemical and geophysical perspective; In zones where known geology indicates IP tar
Slide 17: Wider Potential
Mt Cannindah – Wider Potential There are several mineralised zones identified by previous explorers that are yet to be properly tested For personal use only by CAE. These have significant upside for the project if the success at Mt Cannindah is repeated: Known Commodity Prospect and style Cannindah
Slide 18: Metallurgy
Mt Cannindah – Metallurgy For personal use only • Metallurgical test results for Mt Cannindah resource area confirms that the copper gold and silver breccia produces a saleable concentrate at good recovery rates • 3 different (40kg plus) bulk samples of hypogene (primary sulphide) material as HQ ¼ c
Slide 19: Next Steps
Next Steps For personal use only New Drilling and Exploration Program • Focus on expanding size of known mineralized zones within the Mt Cannindah project and testing SW IP target as well as Cannindah East • Further new target delineation and expansion within the wider project e.g. eastern IP anomal
Slide 20: Investment Summary
Investment Summary • New focus on large targets outlined by IP For personal use only • Excellent drilling results to date delivering on significant scale and grade. Future focus on new areas of interest from IP and drill data, potential identification of large-scale Porphyry system and larger untest
Slide 21: Thank You
For personal use only THANK YOU ASX: CAE
Cannindah Resources — Noosa Mining Conference (November 2024) on 6ix