Slide 1: Tick Hill
TICK HILL Drilling for the offset of one of Australia’s high grade gold deposits
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and may be unknow
Slide 3: Carnaby Highlights: Hunting for the Next Tick Hill
CARNABY HIGHLIGHTS HUNTING FOR THE NEXT TICK HILL • Step out drilling targeting the faulted offset and repetition of one of Australia’s highest grade gold deposits at Tick Hill is in progress with several exploration drill holes completed and results awaited • Initial drill results from direct unmin
Slide 4: Company Overview
COMPANY OVERVIEW Share Price Performance Capital Structure $0.20 Mt Birnie Historical Tick Hill & Mt Birnie Tick Hill Drill Results incl Mt Birnie Results incl Results incl • ASX Code CNB $0.18 11.7m @ 7.1% Cu Drilling Commences 3m @ 9.3% Cu 6m @ 8.5 g/t Au $0.16 • Current Share Price $0.11 $0.14 Ac
Slide 5: Tick Hill - Mt Isa Inlier
TICK HILL - MT ISA INLIER SURROUNDED BY TIER 1 DEPOSITS & INFRASTRUCTURE Tick Hill Gold Mine Gold & Copper 620 sqkm Mt Isa Inlier Brownfields Slide 5
Slide 6: Tick Hill Project
Duchess TICK HILL PROJECT Historical production 205kt @ 12.5% Cu > 50 km long IOCG corridor • Consolidated 323km2 land package - highly Freckle prospective tenure centred around Tick Hill 6m @ 1.5% Cu & 0.9g/t Au and Duchess deposits 6m @ 3.2% Cu & 1.33 g/t Au • > 50 km IOCG corridor within project
Slide 7: Tick Hill Gold Deposit (100%)
TICK HILL GOLD DEPOSIT (100 %) AN EXCEPTIONAL OREBODY • Discovered by MIM in 1989 and mined during 1991-95 • Generated A$150-200M profit to MIM during average gold price of ~US$350oz • Total produced 511,000 ounces grading 22.5 g/t Au • Free milling ore - historical recovery of 97.2% • Highly positi
Slide 8: Why Tick Hill?
WHY TICK HILL? HIGHLY UNLIKELY TO BE A SINGLE SHOOT • One of the highest grade and most profitable gold orebodies ever mined in Australia, faulted off at only 235m below surface • New empirical evidence indicates Tick Hill was formed late and associated with brittle structures (D3) and that a NW dee
Slide 9: Tick Hill – Grade is King
TICK HILL – Grade is King Bellevue Analogy Tick Hill Bellevue • Produced 511,000 ozs gold @ 22.5 g/t • Produced 800,000 ozs gold @ 15 g/t • Orebody mined to 235 metres below surface • Orebody mined to 450 metres below surface • Orebody faulted off at depth by truncating fault • Orebody faulted off a
Slide 10: Tick Hill Orebody Extensions
TICK HILL OREBODY EXTENSIONS OPEN PIT CUTBACK / UNDERGROUND • First drill results (see ASX releases 1 Oct 2019); Hangingwall Lode – CBC003 • 2m grading 17.9g/t Au gold, Including 1 m @ 34.5 g/t gold Main Lode South – CBC005 • 6 m grading 8.5g/t Au gold, Including 1 m @ 41.9 g/t gold • 70 m deep open
Slide 11: Tick Hill Orebody Extensions
TICK HILL OREBODY EXTENSIONS High grade unmined lode extensions in close proximity to existing development Hangingwall Lode Cross Section Main Lode South Cross Section • Continuous high grade lode 5m – 15m from Main Lode • Southern end of Main Lode is unmined below the pit Slide 11
Slide 12: Tick Hill Near Mine Exploration
Tick Hill Near Mine Exploration Hunting for the offset and repetition • Extensive mapping and geophysics completed over the last 6 months has identified several key targets that are now being drilled. • Gold mineralisation associated with late brittle faults feeder structures that cross cut the main
Slide 13: Tick Hill Corridor
TICK HILL CORRIDOR AN EXCEPTIONAL TARGET • Orebody mined to only 235 metres below surface @ 2,184 oz per vertical metre (ozpvm) producing 511,000 ounces gold • Average strike length of 80m Tick Hill South • True width of 18 m grading Target 22g/t gold • Orebody faulted off at depth by NW structure •
Slide 14: Tick Hill Near Mine
TICK HILL NEAR MINE New research indicates late brittle conjugate Tick Hill Deeps ENE and NW structures (D3) are important Target controls and host gold mineralisation ML7094 • Tick Hill Deeps Target – Potential repetition or A’ See Longsection direct offset extension of Tick Hill main lode at depth
Slide 15: Tick Hill South
TICK HILL SOUTH Tick Hill South demagnetised zone target • Tick Hill orebody is located on the northern edge of a large ~1km x 1km circular demagnetised zone thought to be caused by a late buried intrusive Tick Hill South • Historically the demagnetised zone area Target has been poorly tested with d
Slide 16: Duchess Copper & Gold: Extensive Iron Oxide Cu-Au Camp
Spring Creek DUCHESS COPPER & GOLD Dronefield EXTENSIVE IRON OXIDE Cu-Au CAMP • Potential for numerous copper-gold open PILGRIM FAULT pitable gold resources; close proximity to infrastructure and nearby processing facilities Duchess Mine • Nil Desperandum | Drill results up to; Produced 205kt Nil De
Slide 17: Duchess Target
DUCHESS TARGET Mount Isa railway POTENTIAL OPEN PITTABLE MINERAL RESOURCE • Duchess Deposit (1900-1940) - produced 205kt grading Duchess Mine 12.5% Cu Ivanhoe produced 12m @ 2.0% Cu 205kt @ 12.5% Cu • Includes Ivanhoe Lode open along strike and at depth with results up to; 7m @ 3.0% Cu • 12m @ 2.0%
Slide 18: Mount Birnie
MOUNT BIRNIE High grade copper IOCG deposit • Recent Carnaby results inc; • MBC006 - 3m @ 9.3% Cu, 1.0 g/t Au and 2 m @ 9.5% Cu within 17 m @ 3.1% Cu • MBC002 - 6m @ 4.4% Cu within 15m @ 2.10% Cu • MBC004 – 8 m @ 1.8% Cu within 21m @ 0.9% Cu • 4 km long copper gold surface anomaly with numerous hist
Slide 19: Carnaby
§ Carnaby