Carnaby Resources Ltd. · ASX:CNB

Carnaby Resources — Euroz Hartleys Institutional Conference 2023

20 slides from Carnaby Resources's conference presentation, March 2023

  1. Slide 1: Euroz Hartleys Institutional Conference

    Euroz Hartleys Institutional Conference March 2023

  2. Slide 2: Statements and disclaimers

    Statements and disclaimers Competent Persons Statement The information in this document that relates to the Tick Hill Deposit and Tick Hill ROM Stockpile Mineral Resources is based upon information compiled by Mr Paul Tan. Mr Tan is a full time employee and security holder of the Company and a Membe

  3. Slide 3: Company Overview: Capital Structure

    COMPANY OVERVIEW Capital Structure ASX Code CNB Carnaby Resources Ltd Share Price Performance1 Share Price1 $1.17 $2.20 Shares on Issue 145.5M Stunning Drill Results at Major New IP $2.00 Lady Fanny 27m @ 2.8% Cu anomalies light Unlisted Options 2.8M up 3km Greater $1.80 Duchess corridor Market Cap1

  4. Slide 4: Company Overview: Main Projects in Australia

    COMPANY OVERVIEW OPERATING EXCLUSIVELY IN AUSTRALIA WITH MAIN PROJECTS LOCATED IN ESTABLISHED MINING REGIONS Pilbara Gold and Lithium Projects Greater Duchess Copper and Gold Projects 442km2 tenements 1,083km2 tenements Location: Mallina Basin Pilbara Location: Mt Isa Inlier Greenfields Brownfields

  5. Slide 5: Greater Duchess Copper Gold Project

    GREATER DUCHESS COPPER GOLD PROJECT Carnaby Regional Land Holding of 1,083 km2 • Located in the Mt Isa inlier and surrounded by multiple mines and copper processing facilities including the Mt Isa smelter 70km to the NW. • World class infrastructure and mining friendly jurisdiction. • Stage is set f

  6. Slide 6: Greater Duchess Copper Gold Project: Highly Prospective IOCG Corridor

    GREATER DUCHESS COPPER GOLD PROJECT Highly Prospective IOCG corridor • 3 very significant copper gold discoveries within the last 14 months • Nil Desperandum - 29 December 2021 Initial discovery targeted on IP chargeability anomaly • Lady Fanny - 13 January 2022 discovery 3km to the north of Nil Des

  7. Slide 7: Mount Hope North Prospect (CNB:100%)

    MOUNT HOPE NORTH PROSPECT (CNB:100%) Granted Mining Lease Acquired in April 20221 • Exceptional first pass results of;  75m @ 1.7% Cu, 0.2 g/t Au hosted in an intrusion  41m @ 1.8% Cu, 0.2 g/t Au  44m @ 1.4% Cu, 0.2 g/t Au 1. See ASX releases dated 7 September 2022 & 13 December 2022. MHDD021 – R

  8. Slide 8: Mount Hope Central Prospect (CNB:100%)

    MOUNT HOPE CENTRAL PROSPECT (CNB:100%) New Results have extended the strike to over 200m1 • pXRF results from initial drilling of key untested target areas: • 71m @ 1.1% Cu including 30m @ 2.2% Cu from 204m • 26m @ 1.3% Cu from 63m 1. See ASX release dated 2 March 2023. Slide 8

  9. Slide 9: Mount Hope Central (CNB:100%)

    MOUNT HOPE CENTRAL (CNB:100%) Exceptional wide and high-grade drill results1 • Recent results include;  60m @ 3.1% Cu, 0.4 g/t Au transitional zone chalcocite+chalcopyrite  30m @ 3.0% Cu, 0.4 g/t Au BOH transitional zone chalcocite+chalcopyrite  39m @ 5.2% Cu, 0.5g/t Au transitional zone chalcoci

  10. Slide 10: Nil Desperandum IOCG Discovery (CNB:82.5%)

    NIL DESPERANDUM IOCG DISCOVERY (CNB:82.5%) IP Geophysics and Geology led discovery1 • Discovery hole NLDD044:  41m @ 4.1% copper, 0.5 g/t gold from 247m • Subsequent results include:  31m @ 3.9% Cu, 1.0 g/t Au from 313m,  26m @ 2.4% Cu, 0.3 g/t Au from 381m,  24m @ 5.0% Cu, 1.3 g/t Au from 313m

  11. Slide 11: Lady Fanny IOCG Discovery (CNB:100%)

    LADY FANNY IOCG DISCOVERY (CNB:100%) No recorded drilling prior to Carnaby1 • Significant drill results include:  68m @ 2.4% Cu, 0.4g/t Au from 40m  32m @ 2.6% Cu, 0.6g/t Au from 69m  13m @ 4.4% Cu, 0.2g/t Au from 122m • >300m strike of high-grade core of copper gold mineralization at surface. •

  12. Slide 12: Nil Desperandum / Lady Fanny Corridor

    NIL DESPERANDUM / LADY FANNY CORRIDOR (CNB:82.5%) 3D IP chargeability inversions Slide 12

  13. Slide 13: Nil Desperandum IOCG Corridor

    NIL DESPERANDUM IOCG CORRIDOR Geophysics – IP working exceptionally well1 • IP Geophysics has proven itself to be a highly successful targeting tool for detecting copper sulphide mineralisation. • Nil Desperandum IP chargeability anomaly drilled in December 2021 – 41m @ 4.1% copper. • Lady Fanny IP

  14. Slide 14: Southern Corridor (CNB 100%)

    SOUTHERN CORRIDOR (CNB 100%) Nil Desperandum trend unexplored to south1 • 50m line spaced aeromagnetic survey by Carnaby in 2022 highlighted several high priority structural targets along a potential southern extension of the Nil Desperandum IOCG corridor. • Area south of Nil Desperandum is essentia

  15. Slide 15: Greater Duchess Copper Gold Project

    GREATER DUCHESS COPPER GOLD PROJECT Carnaby Regional Land Holding of 1,083 km2 • Structurally controlled orogenic mineralisation style is typical of IOCG / ISCG deposits seen in the Cloncurry area (eg Ernest Henry, Eloise, Osborne). • Outcropping areas have been well prospected for over 100 years –

  16. Slide 16: Metallurgical Results

    METALLURGICAL RESULTS Excellent Initial Metallurgical Results from Nil Desperandum and Lady Fanny Prospects1 Nil Desperandum Lady Fanny Copper Recoveries 97.7% to 99.1% 99.0% to 99.4% Gold Recoveries 80.1% to 87.2% 82.9% to 88.7% Kinetics (75 µm & 150µm) >90% flotation of Cu in 2 minutes >95% flotat

  17. Slide 17: Forward Exploration & Resource Development Timeline

    FORWARD EXPLORATION & RESOURCE DEVELOPMENT TIMELINE Greater Duchess Copper Gold Project (QLD) • 3 significant copper gold discoveries in the last 14 months at Nil Desperandum, Lady Fanny & Mount Hope.  Maiden Mineral Resource estimate to be completed in Q2 2023.  Scoping / PFS level studies to be

  18. Slide 18: Uncover more at carnabyresources.com.au

    UNCOVER MORE AT CARNABYRESOURCES.COM.AU

  19. Slide 19: Mallina Basin, Pilbara WA

    MALLINA BASIN, PILBARA WA Strelley Gold Project (CNB: 100%) - intrusion hosted “Hemi Style” gold mineralisation intersected in drilling • 70 km strike of underexplored ground covering 442 km2 which is only 70 km northeast of De Grey Mining Ltd’s (ASX DEG) Hemi gold deposit, 213Mt @ 1.2g/t for 8.5Moz

  20. Slide 20: Malmac Project (CNB: 100%)

    MALMAC PROJECT (CNB: 100%) Early Stage New Frontier Project1 • Salvation Prospect - 6 km long copper-nickel surface anomaly with results up to 1,380 ppm copper. • Little-known outcrop of pillow basalt, potentially equivalent to the Narracoota Volcanics in the Byrah Basin. • Equivalent geological set

Carnaby Resources — Euroz Hartleys Institutional Conference 2023 on 6ix