Carnavale Resources Limited · ASX:CAV
Carnavale Resources — Investor Presentation (March 2015)
25 slides from Carnavale Resources's investor presentation, March 2015
Slide 1: On the path to discovery
CARNAVALE RESOURCES ASX:CAV 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 2: Competent Persons Statement and Forward Looking Statement
CARNAVALE RESOURCES ASX:CAV 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 is a member of The Aus
Slide 3: Key Drivers
CARNAVALE RESOURCES Key Drivers ASX:CAV “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 to test below histori
Slide 4: Our Focus
CARNAVALE RESOURCES Our Focus ASX:CAV 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 Hills, Nevada and Litt
Slide 5: Why we went to Nevada
CARNAVALE RESOURCES Why we went to Nevada ASX:CAV 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 Barrick Gold ~900,000oz
Slide 6: Why we went to Red Hills
CARNAVALE RESOURCES Why we went to Red Hills ASX:CAV 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 Structures transport g
Slide 7: Red Hills, Nevada
CARNAVALE RESOURCES Red Hills, Nevada ASX:CAV .... What have we found to date? ….Four large CARLIN “ELEPHANT” FOOTPRINTS and ....Three MASSIVE SULPHIDE resource targets 7
Slide 8: Red Hills, Nevada
CARNAVALE RESOURCES Red Hills, Nevada ASX:CAV 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 8
Slide 9: Red Hills, Nevada
CARNAVALE RESOURCES Red Hills, Nevada ASX:CAV ….Immediate resource potential ….Drilling under the “mining headframe” 9
Slide 10: Red Hills, Nevada
CARNAVALE RESOURCES Red Hills, Nevada ASX:CAV ….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 ‐ 9.6Mt Grade range 0.6
Slide 11: Selected Massive Sulphide Deposits – Australia
CARNAVALE RESOURCES Red Hills ASX:CAV 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 3.5 0.3 Golden Grove
Slide 12: Red Hills – Target 1 Rattler Deposit
CARNAVALE RESOURCES Red Hills – Target 1 Rattler Deposit ASX:CAV 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 +7.8m @ 0.5g/t Au, 105g
Slide 13: Red Hills – Target 1 Rattler Deposit
CARNAVALE RESOURCES Red Hills – Target 1 Rattler Deposit ASX:CAV 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 workings ?50m Diamond d
Slide 14: Red Hills – Target 2 Cobra Deposit
CARNAVALE RESOURCES Red Hills – Target 2 Cobra Deposit ASX:CAV 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 – Sample adit and worki
Slide 15: Red Hills Planned Programme
CARNAVALE RESOURCES Red Hills ASX:CAV 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 footprints” Lodge dril
Slide 16: Little Butte, Arizona
CARNAVALE RESOURCES Little Butte, Arizona ASX:CAV Testing bedrock beneath large Au‐Cu supergene blanket 16
Slide 17: Little Butte, Arizona
CARNAVALE RESOURCES Little Butte, Arizona ASX:CAV 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 by drilling Large super
Slide 18: Little Butte, Arizona
CARNAVALE RESOURCES Little Butte, Arizona ASX:CAV 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 Drilling to date has only
Slide 19: Little Butte Planned Programme
CARNAVALE RESOURCES Little Butte, Arizona ASX:CAV 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 Q2 2015 ($120K) Di
Slide 20: News flow
CARNAVALE RESOURCES News flow ASX:CAV 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 target 20
Slide 21: Corporate Snapshot
CARNAVALE RESOURCES Corporate Snapshot ASX:CAV 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 companies. ASX Code: CAV Sh
Slide 22: Investment Summary
CARNAVALE RESOURCES Investment Summary ASX:CAV 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 Carlin Trend, Nevada
Slide 23: Appendices
CARNAVALE RESOURCES Appendices ASX:CAV 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 reports (USGS) are very lim
Slide 24: Red Hills Terms
CARNAVALE RESOURCES Red Hills Terms ASX:CAV 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 rata or revert to 2% N
Slide 25: Little Butte Terms
CARNAVALE RESOURCES Little Butte Terms ASX:CAV 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 $20k, 3rd $20K, $50k ther
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