Cannindah Resources Limited · ASX:CAE
Cannindah Resources — Investor Presentation (November 2022)
19 slides from Cannindah Resources's investor presentation, Nov 28, 2022
Slide 1: Critical Metals Exploration
For personal use only CRITICAL METALS EXPLORATION
Slide 2: Disclaimer
Disclaimer This presentation includes certain forward looking statements, estimates and projections with respect to the future performance of Cannindah Resources Limited. Such For personal use only statements, estimates and projections reflect various assumptions concerning anticipated results, whic
Slide 3: Company information and major shareholders
Name Shares Capital Aquis Finance Pty Ltd 223,189,984 40.78% For personal use only 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$0.23 Market Cap A$126M Shares on issue 5
Slide 4: Where will the copper come from?
For personal use only Where will the copper come from? To meet zero carbon targets, more than $23 billion (USD) of investment a year in new copper projects would have to be invested which is 64% higher than the average annual spend for the last 30 years. (Source: Wood MacKenzie October 2022)
Slide 5: High Quality Assets 100% owned by Cannindah Resources
High Quality Assets 100% owned by Cannindah Resources Limited For personal use only Mt Cannindah Piccadilly Percy Marlow 16 diamond drill holes Large intrusive related gold Two new EPM targets completed with more on system target adjoining Piccadilly the way Drilling in 2021 hit gold in all High Gra
Slide 6: 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 7: Mt Cannindah Project Summary
Mt Cannindah Project For personal use only Project Summary
Slide 8: Exploration of larger system
Exploration of For personal use only 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 9: Mt Cannindah copper resource more robust in grade and size
Mt Cannindah copper resource more robust in grade and size from recent drilling View of mineralisation within the Mt Cannindah breccia For personal use only 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 10: Hole 3 extends copper mineralisation at depth
Hole 3 762m beaten in length by hole 9 and 11 For personal use only 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 11: Deep potential of Mt Cannindah Breccia System
DD # 09 For personal use only 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 12: High grade copper and gold hits with diamond drilling
High grade copper and gold hits with diamond drilling For personal use only 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 13: Mt Cannindah Breccia
Mt Cannindah For personal use only Breccia This is an excellent example of what we continue to encounter at Mt Cannindah whilst drilling for copper and gold. This example would likely grade well over 1%Cu. as outlined in ASX release dated 4 April 2022
Slide 14: 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 15: For personal use only
For personal use only
Slide 16: Piccadilly Project
Piccadilly For personal use only Project • Large intrusive related gold system target; • Located approx. 100km from port city of Townsville; • Previous drilling returned gold results from all 31 RC holes; • Existing mining lease 1442; • New application areas adjacent to the current EPMs of 18322 and
Slide 17: 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 18: The future looks bright
The future looks bright • Large scale system building in size with more to come via For personal use only prudent exploration methods over various prospect areas with drilling and further expansive exploration continuing calendar H1 2023; • Huge drill hits in 2022 will be built upon in 2023 deliveri
Slide 19: Thank You
For personal use only Thank You Tom Pickett Executive Chairman tpickett@cannindah.com.au www.cannindah.com.au
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