Carnavale Resources Limited · ASX:CAV
Carnavale Resources — Investor Presentation (March 2015)
26 slides from Carnavale Resources's investor presentation, Mar 16, 2015
Slide 1: Investor Presentation
CARNAVALE RESOURCES LIMITED 16 MARCH 2015 Investor Presentation CARNAVALE RESOURCES (A.C.N 119 450 243) Carnavale Resources Limited (ASX: CAV, “Carnavale”) is pleased to provide to the market, an upgraded company presentation that covers For personal use only ASX Code: CAV the strategy of Carnavale
Slide 2: Exploring: the art of finding
CARNAVALE RESOURCES ASX:CAV For personal use only Exploring: the art of finding …and creating wealth through discovery On the path to discovery March 2015 Managing Director – Andrew Beckwith www.carnavaleresources.com
Slide 3: Competent Persons Statement and Forward Looking Statement
CARNAVALE RESOURCES ASX:CAV For personal use only Competent Persons Statement The information in this report that relates to exploration results and exploration targets is based on, and fairly represents information and supporting documentation prepared by Mr Andrew Beckwith, a Competent Person who
Slide 4: Key Drivers
CARNAVALE RESOURCES Key Drivers ASX:CAV For personal use only “Hunting for elephants in elephant country” 100% acquisition of Tojo Minerals Red Hills, Nevada ‐ Multi‐commodity Au, Ag, Cu, Zn, Pb Four large Carlin “footprints” defined Three massive sulphide resource targets Diamond drilling
Slide 5: Our Focus
CARNAVALE RESOURCES Our Focus ASX:CAV For personal use only Assets that will positively impact the company ….US projects located in low risk mining and regulatory location, with good infrastructure, high resource and grade potential .…first step, Tojo Minerals acquisition to acquire rights to Red
Slide 6: Why we went to Nevada
CARNAVALE RESOURCES Why we went to Nevada ASX:CAV For personal use only Simply……….BIG CARLIN GOLD MINES………...”ELEPHANT COUNTRY” ….the Carlin Trend, the most famous and prolific gold trend in Nevada CARLIN OPERATIONS Newmont Gold Quarry, Rain, BALD MOUNTAIN GOLDSTRIKE Chukar, Pete Bajo Barrick Gold B
Slide 7: Why we went to Red Hills
CARNAVALE RESOURCES Why we went to Red Hills ASX:CAV For personal use only Red Hills is located in poorly explored portion of Carlin Trend Nevada’s most prolific Long Canyon gold producing corridor Big Carlin gold mines fall along NW trends ‐ deep Deposit seated crustal scale structures Kinsley
Slide 8: Red Hills, Nevada: What have we found to date?
CARNAVALE RESOURCES Red Hills, Nevada ASX:CAV For personal use only .... What have we found to date? ….Four large CARLIN “ELEPHANT” FOOTPRINTS and ....Three MASSIVE SULPHIDE resource targets 7
Slide 9: Red Hills: Three historic massive sulphide mining centres
CARNAVALE RESOURCES Red Hills, Nevada ASX:CAV For personal use only Three historic massive sulphide Zn‐Pb‐Cu mining centres …Strong Carlin Au‐Ag overprint …Excellent immediate resource potential …Drill testing Rattler and Cobra Tiger Rattler Cobra Reported Historic Production during mining 1908‐1918
Slide 10: Red Hills: Immediate resource potential
CARNAVALE RESOURCES Red Hills, Nevada ASX:CAV For personal use only ….Immediate resource potential ….Drilling under the “mining headframe” 9
Slide 11: Red Hills: Two immediate significant drill targets
CARNAVALE RESOURCES Red Hills, Nevada ASX:CAV For personal use only ….Two immediate significant drill targets ….Multi‐commodity, high grade Au‐Ag‐Zn‐Pb‐Cu ….Comparable grades to similar Australian mines Exploration Targets Target 1 Rattler Tonnage Range 2.3 ‐ 9.6Mt Target 2 Cobra Tonnage Range 2.5 ‐
Slide 12: Selected Massive Sulphide Deposits – Australia
CARNAVALE RESOURCES Red Hills ASX:CAV For personal use only Selected Massive Sulphide Deposits – Australia ….Rattler and Cobra show potential for similar grades Deposit Status Tonnes (Mt) Au g/t Ag g/t Zn % Pb % Cu % Century (MMG) Production 14* 36 9.8 1.5 Rosebery (MMG) Production 5.7* 1.5 120 10.3
Slide 13: Red Hills – Target Rattler Deposit
CARNAVALE RESOURCES Red Hills – Target 1 Rattler Deposit ASX:CAV For personal use only Historic mining over 250m strike of massive sulphide Au‐Ag‐Zn‐Pb ….Potential dimensions 500m strike, 20m width, 300m depth Rattler shafts and workings High grade Au‐Ag‐Zn‐Pb defined at surface across major shear +
Slide 14: Red Hills – Target Rattler Deposit: Phase 1 drilling
CARNAVALE RESOURCES Red Hills – Target 1 Rattler Deposit ASX:CAV For personal use only Exploration Target Range 2.3 ‐ 9.6Mt ....Phase 1 ‐ Planned diamond drilling to assess resource potential Drill target Longsection High grade Au‐Ag‐Zn‐Pb sampling from previous slide 20m Phase 1 – Sample adit and w
Slide 15: Red Hills – Target Cobra Deposit
CARNAVALE RESOURCES Red Hills – Target 2 Cobra Deposit ASX:CAV For personal use only Exploration Target 2.5Mt – 9.6Mt ….Two shear zones with historic Cu‐Pb‐Zn mining ….Strong Au‐Ag overprint Cobra adit, shafts and workings ….Outcropping high grade Adit and stoping High grade Cu‐Au‐Ag‐Zn‐Pb Phase 1 –
Slide 16: Red Hills: Planned programme (to June 2015)
CARNAVALE RESOURCES Red Hills ASX:CAV For personal use only Phase 1 ‐ Planned programme (to June 2015) Aim: Test massive sulphide (Au‐Ag‐Zn‐Pb‐Cu) resource potential at Rattler and Cobra and advance Carlin style Au‐Ag targets Q1 2015 ($80K) Finalise detailed soils samples over the 4 “Elephant fo
Slide 17: Little Butte, Arizona
CARNAVALE RESOURCES Little Butte, Arizona ASX:CAV For personal use only Testing bedrock beneath large Au‐Cu supergene blanket 16
Slide 18: Little Butte: Extensive supergene Cu-Au oxide blanket
CARNAVALE RESOURCES Little Butte, Arizona ASX:CAV For personal use only Extensive supergene Cu‐Au oxide blanket Where is all this secondary Cu‐Au coming from?? ….targeting primary massive sulphide (Au‐Cu) source SECTION 3762640N Railway Prospect Large thick secondary supergene Au‐Cu plume define b
Slide 19: Little Butte: Targeting Cu-Au massive sulphide deposit
CARNAVALE RESOURCES Little Butte, Arizona ASX:CAV For personal use only Targeting Cu‐Au massive sulphide deposit below large supergene Cu‐Au plume Geophysical survey targeting sulphide rich Little Butte weathering profile source at depth in fresh bedrock Little Butte has a deep weathered profile Dri
Slide 20: Little Butte: Planned programme (to June 2015)
CARNAVALE RESOURCES Little Butte, Arizona ASX:CAV For personal use only Phase 1 ‐ Planned programme (to June 2015) Aim: Define sulphide (Au‐Cu) target beneath extensive supergene blanket and subsequently diamond drill test Q1 2015 ($60K) Geophysical survey to define deeper sulphide Au‐Cu target
Slide 21: News flow
CARNAVALE RESOURCES News flow ASX:CAV For personal use only Feb March April May June July Tojo acquisition Corporate Broker roadshow Detailed soil results Sampling of Red Hills U/G workings Drilling approvals Diamond drill test Rattler and Cobra Geophysical surveys Drill test Little Butte bedrock ta
Slide 22: Corporate Snapshot
CARNAVALE RESOURCES Corporate Snapshot ASX:CAV For personal use only Post Tojo acquisition Chairman ‐ Ron Gajewski Mr Gajewski is an accountant by profession, with many years of experience as a CARNAVALE RESOURCES LIMITED director of public listed companies and as a corporate advisor to public compa
Slide 23: Investment Summary
CARNAVALE RESOURCES Investment Summary ASX:CAV For personal use only Hunting “Elephants in Elephant Country” Red Hills ‐ Carlin Style (Au‐Ag) and High Grade Massive Sulphide (Au‐Ag‐Zn‐Pb‐Cu) targets Four large Carlin style Au‐Ag targets in highly prospective and grossly under explored extension of
Slide 24: Appendices: Exploration Targets additional information
CARNAVALE RESOURCES Appendices ASX:CAV For personal use only Exploration Targets additional information Red Hills has previously supported historic underground mining at a number of locations but the most substantial and majority occur at the Rattler, Cobra and Tiger prospect areas. Government repor
Slide 25: Red Hills Terms
CARNAVALE RESOURCES Red Hills Terms ASX:CAV For personal use only Tojo has right to earn 75% in Joint Venture with Columbus Gold Corp (TSX‐V: CGT) $2M to earn initial 51% within 3yrs (decision point) Additional $7M to increase to 75% within further 4 yrs At 75%, Columbus has right to fund pro
Slide 26: Little Butte Terms
CARNAVALE RESOURCES Little Butte Terms ASX:CAV For personal use only 10 Year Option to earn 100% equity from Minquest $6M total project expenditure $150k first year commitment, escalating on yearly basis Small cash payments to vendor per year, totaling $400k over 10yrs. (1st yr $10K, 2nd $20
Carnavale Resources — Investor Presentation (March 2015) on 6ix