Cannindah Resources Limited · ASX:CAE
Cannindah Resources — Ord Minnett East Coast Mining Conference 2023
27 slides from Cannindah Resources's conference presentation, Mar 23, 2023
Slide 1: Presentation to Ord Minnett East Coast Mining Conference
For personal use only CRITICAL METALS EXPLORATION Presentation to Ord Minnett East Coast Mining Conference 23 March 2023 ASX: CAE
Slide 2: Disclaimer
For personal use only Disclaimer Forward Looking Statements 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 concernin
Slide 3: Company information and major shareholders
For personal use only Name Shares Capital Aquis Finance Pty Ltd 223,189,984 40.78% 4Js Pty Ltd 22,000,000 4.02% Board and Management 36,665,282 6.70% Company information including CAE share price correlation to copper and gold price ASX Code CAE Share price A$0.16 Market Cap A$89 M Shares on issue 5
Slide 4: ESG Strategy – Core to Creating Value Per Share
For personal use only ESG Strategy – Core to Creating Value Per Share Contributing to Net Zero with copper – The Critical Commodity ENVIRONMENTAL SOCIAL GOVERNANCE • Minimize environmental • Utilising local goods and services and footprint by leveraging off continuing as a local employer in rural •
Slide 5: High Quality Assets 100% owned by Cannindah Resources Limited
For personal use only High Quality Assets 100% owned by Cannindah Resources Limited Mt Cannindah Piccadilly Percy Marlow 18 diamond drill holes Large intrusive related gold Two new EPM targets completed with more on system target adjoining Piccadilly the way 288.6m into hole 19 currently Drilling in
Slide 6: Copper investment thesis
For personal use only Copper investment thesis
Slide 7: Copper Warehouse Inventory
For personal use only Copper Warehouse Inventory Source: Kitco.com
Slide 8: Copper – THE Critical Commodity
For personal use only Cu Inventories At Critical Levels Committed NEW Cu Capacity Lacking Copper – THE Critical Commodity Looming structural supply deficit means Declining Cu Production Grades & Fiscal & Geopolitical Uncertainty copper incentive price Lack of Major New Discoveries must escalate Mate
Slide 9: Mt Cannindah Location
For personal use only Mt Cannindah Location 100km south of port of Gladstone and west of Bundaberg; Haul road to Gladstone passes the mine gate; Small town of Kalpower three minutes from site; Larger township of Monto 35 minutes from site on sealed road; Bruce Highway 50 minutes from site on well ma
Slide 10: Mt Cannindah Project Summary
For personal use only Mt Cannindah Project Project Summary
Slide 11: Exploration of larger system
For personal use only Exploration of larger system The breccia areas The potential for identified in the adjacent mineralization to exist figure as Mt Cannindah within these areas is and Cannindah East and significant (blue line shaded in blue is the outline); current area of interest; Drilling has
Slide 12: Mt Cannindah copper resource more robust in grade and size from recent drilling
Mt Cannindah copper resource more robust in For personal use only grade and size from recent drilling View of mineralisation within the Mt Cannindah breccia area showing significant width from hole 14 through the massive intercept of hole 9. Hole 14 provided 132m @ 1.25%CuEq (0.98%Cu) Extending the
Slide 13: For personal use only
MRT 2600 . VOMIT 400.04N271290 AUNT ANE. CONT 70394 . 00¥2 70600 .00K2 2OMz 70290. 008270090. 004263800 .00¥269680. D0BZES490.00%209200 . 002669 DURE | A 400. 00R2. 1 400,/9981) 3e5000.008 200.-00Rh 200.0084, r 0 ojocoo 0.25 =400.:99R1) 600 .00RL 00. 008271600 _90%271900_00%271200 9082730000082 7080
Slide 14: Example of hydrothermal infill breccia at Mt Cannindah from hole 17
For personal use only Example of hydrothermal infill breccia at Mt Cannindah from hole 17 1m @ 3.25% Cu, 0.44 g/t Au, 47.1 g/t Ag, 7.12% S. Veins striking east west (262mag), dipping north – 71 degrees. • (see ASX release 9 March 2023)
Slide 15: Hole 3 extending known copper mineralisation at depth
For personal use only Hole 3 762m beaten in length by hole 9 and 11 Extending the Hole 3 is 762m in known copper length finishing in mineralisation at mineralization and depth by hundreds open at depth; of metres. Significant gaps in the data from the original resource High grade copper calculation
Slide 16: Deep potential of Mt Cannindah Breccia System
For personal use only DD # 09 877m @ 0.48%CuEq Deep potential of Mt Cannindah Breccia System Copper –Silver Gold Mineralisation observed 600m to 1100m. DD # 11 1022m@0.48%CuEq
Slide 17: Mt Cannindah mine area E-W cross section
For personal use only Holes 14 and 9 in cross section Mt Cannindah mine area E-W cross section CAE hole 14 looking north, with Cu lab assay results plotted down hole, significant intersections annotated. Relevant section of CAE holes # 9, 10,11 also plotted. Note 200m scale bar, Assays reported for
Slide 18: High grade copper and gold hits with diamond drilling
For personal use only High grade copper and gold hits with diamond drilling High grade chalcopyrite –pyrite vein . Hole # 11, 190m-191m assays 1m @ 7.73% Cu,5.47g/t Au, 140.8 g/t Ag, 17.92 % S. Looking east along E-W structure ● see ASX Release 27 June 2022
Slide 19: High grade gold in multiple zones at Mt Cannindah
For personal use only High grade gold in multiple zones at Mt Cannindah 1m @ 5.99 g/t Au, 6.7 g/t Ag, 0.05%Cu from 315m (see ASX release 9 March 2023) For 6m from 314m hole 17 intersected 6.19g/t Au which included 1m @ 15.98g/t Au (see ASX release 9 March 2023) This structure identified in hole 17 l
Slide 20: Cannindah East
Cannindah East For personal use only Very High grade gold mineralization; Historical 112.6g/tAu over a 2m interval; Gold mineralsation open to the South, the North, the West and at depth; Most historical holes were limited to 100m and vertical; Possibility of a high grade copper zone below the gold
Slide 21: Hole 19 Observations
For personal use only Extending the mineralization to the north and the south at depth along with updating width significantly increasing the size of known copper zones and identifying new gold zones has been a success with current drilling. Hole 19 Observations These images depict some core from ho
Slide 22: Assay Sludge
For personal use only Assay Sludge By XRF sampling the water return line on the drill rig we can quickly see indicators which have excellent correlation to lab assay results (lab assay left sludges right on adjacent figure) providing confidence to proceed without waiting for the lab. Sludge results
Slide 23: For personal use only
For personal use only
Slide 24: Piccadilly Project
For personal use only Piccadilly Project • Large intrusive related gold system target; • Located approx. 100km from port city of Townsville; • Drilling earlier in the year returned gold results from all 31 RC holes; • Existing mining lease 1442; • New application areas adjacent to the current EPMs o
Slide 25: High grade gold
For personal use only High grade gold • Visible gold in gossanous quartz veining at Piccadilly western slot trench sample shown under hand lense; • Surface trench sampling has been very effective in identifying high grade gold bearing quartz veining; • Excellent example of this high grade gold in tr
Slide 26: The future looks bright
For personal use only The future looks bright ● Large scale system building in size with more to come via further diamond drilling and expansive exploration continuing calendar H1, 2023; ● Huge drill hits in 2022 will be built upon in 2023 delivering on significant scale, grade, and new areas of int
Slide 27: Thank You
For personal use only Thank You Tom Pickett Executive Chairman tpickett@cannindah.com.au www.cannindah.com.au ASX: CAE
Cannindah Resources — Ord Minnett East Coast Mining Conference 2023 on 6ix