Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Mines & Money APAC 2020
13 slides from Carnaby Resources's conference presentation, June 2020
Slide 1: Mines & Money APAC Presentation
Mines & Money APAC Presentation June 2020
Slide 2: Statements & Disclaimers
STATEMENTS & 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 Member
Slide 3: Company Overview
COMPANY OVERVIEW Capital Structure Share Price Performance CY2020 • ASX Code CNB $0.12 Tick Hill Tick Hill Scoping Tick Hill PFS Resource Study Released $0.11 Updated to ~26M net pre-tax Released ~22M net pre-tax cash • Current Share Price $0.08 $0.10 65,000 oz cash flow @ A$2,300/oz from @ A$2,300/
Slide 4: Location
LOCATION LOW RISK JURISTICTION Strelley Project (Gold) 39km2 tenements Location: Mallina Basin Pilbara Tick Hill Project (Copper, Gold, Cobalt) Greenfields 326km2 tenements Location: Mt Isa Inlier Brownfields Malmac Project (Gold, Copper, Lead, Zinc, Nickel) Throssel Project (Gold) 810km2 tenements
Slide 5: Tick Hill Gold Deposit (100%)
TICK HILL GOLD DEPOSIT (100 %) AN EXCEPTIONAL OREBODY • One of the highest grade and most profitable gold orebodies ever mined in Australia, faulted off at only 235m below surface • Discovered by MIM in 1989 and mined during 1991-95 • Generated A$150-200M profit to MIM during average gold price of ~
Slide 6: Tick Hill PFS Completed
TICK HILL PFS COMPLETED (Refer Appendix 2) Tick Hill Open Pit Ore Reserves Tick Hill Stockpile Ore Reserves • Tick Hill Open Pit Ore Reserves of 48,600 • Tick Hill stockpile Ore Reserves of tonnes @ 6.53 g/t for 10,200 ounces 410,900 tonnes at 1.35 g/t for 17,800 ounces • Includes the previously unm
Slide 7: Tick Hill Gold Project
TICK HILL GOLD PROJECT PATH TO GOLD PRODUCTION IN 2020 Pre-Feasibility Study Results1 Key PFS Findings • Production Mill Feed of 474,200 t @ 2.0 g/t for 30,300 Measure PFS Outcome PFS Outcome (A$2,300/oz) (A$2,450/oz)* ounces over a 13 month mine life. Site Establishment months 2 2 • Negligible capi
Slide 8: Tick Hill – Gold Exploration
TICK HILL – Gold Exploration FAULT OFFSET TARGET • Tick Hill Produced 511,000 ozs gold @ 22.5 g/t gold from surface to only 235 m below surface • Orebody faulted off at only 235 m below surface • Geologically it is highly likely that the orebody continues at depth the other side of the fault however
Slide 9: Tick Hill Copper Project
Duchess TICK HILL COPPER PROJECT Historical production 205kt @ 12.5% Cu • Multiple undeveloped copper rich IOCG deposits over a 50 km corridor • High grade and shallow copper mineralisation was Freckle intersected at Mount Birnie in 2019 with drill results 6m @ 1.5% Cu & 0.9g/t Au including; MBC006
Slide 10: Investment Highlights
CARNABY Investment Highlights • Management have extensive mining experience and a well established track record for rapid growth • Well funded with a tight capital structure and only 96M shares on issue • Tick Hill Gold Project targeting first gold production in Q4 2020, with negligible pre-start ca
Slide 11: Appendix One: Pre-Feasibility Study Results
APPENDIX ONE Pre-Feasibility Study Results1 • Premised on an optimised open pit cutback of the Mining & Production Mill Feed existing 70 m deep Tick Hill open pit and re- Schedule processing of the historic Tailings Dams and ROM Pad 1,600,000 10,000 • 2 month site establishment period, followed by 1
Slide 12: Appendix Two: Ore Reserve Statement
APPENDIX TWO Ore Reserve Statement • Maiden gold Ore Reserve announced 5 June 2020 comprising at surface Tailings Dam and Historical ROM Pad Stockpile Ore Reserves of 410,900 tonnes at 1.35 g/t for 17,800 ounces and Open Pit Ore Reserves of 48,600 tonnes @ 6.53 g/t for 10,200 ounces • Total JORC (20
Slide 13: Appendix Three: Mineral Resource Statement
APPENDIX THREE Mineral Resource Statement • Updated Indicated and Inferred Mineral Resource Statement released in January 2020 and updated June 20201 • Resulting in the addition of 215,000 tonnes @ 6.55 g/t for 45,300 ounces to the existing Tailings Dam Resource of 630,000 tonnes at 1.08 g/t for 21,