Cannindah Resources Limited · ASX:CAE
Cannindah Resources — Noosa Mining Conference 2023
22 slides from Cannindah Resources's conference presentation, Aug 1, 2023
Slide 1: Critical Metals Exploration
CRITICAL METALS EXPLORATION ASX: CAE
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 statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prov
Slide 3: Mt Cannindah Location
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 maintained unsealed road
Slide 4: High Quality Assets 100% owned by Cannindah Resources Limited
Mt Cannindah 23 diamond drill holes completed with more on the way Percy Marlow Recent results to increase resource size adding to project scale. Two new EPM targets adjoining High Quality Mt Cannindah includes many exciting target areas yet to be Piccadilly Assets 100% fully explored High Grade hit
Slide 5: Mt Cannindah Project
Mt Cannindah Project Project Summary
Slide 6: Exploration of larger system
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 been focused Work on e
Slide 7: Cross Section Hole 3
Cross Section Hole 3 • 493m @1.17% Cu Equivalent, which includes 163.0m @ 1.44 Cu; • Upper intervals 14.0-177.0m, 163.0m @ 1.44 Cu; • 14.0-33.m 19.0m @ 3.11% Cu • Lower intervals 252.0-400.0m, 148m @ 1.01% Cu.
Slide 8: Mt Cannindah copper resource more robust in grade and size from recent drilling
Mt Cannindah copper resource more robust in 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 mineralization to the
Slide 9: Copper–Silver Gold
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 10: IP Survey
IP SURVEY See ASX Release June 28, 2023
Slide 11: IP Survey
IP SURVEY See ASX Release June 28, 2023
Slide 12: Mt Cannindah Project IP Survey
Mt Cannindah Project IP Survey
Slide 13: Hole 19 Observations
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 hole 19, which is curren
Slide 14: High grade copper and gold hits with diamond drilling
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 15: Cannindah East
Cannindah East 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 and silver zone DDH051
Slide 16: Sludge results a helpful tool
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 a helpful tool
Slide 17: Copper investment thesis
\ Cannindah Resources wa Limited Exhibit 13: Long-term supply gap remains unsolved, with widening mid-term deficits... 35,000 Co ) pe r 33,000 investment 2080 9p thesis _ 23,000 2021 +2022E 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E —— Global copper production Global copper consumption ree: Woo
Slide 18: Piccadilly Project
Piccadilly Project • Large intrusive related gold system target; • Located approx. 100km from port city of Townsville; • Drilling has returned gold results from all 31 RC holes; • Existing mining lease 1442; • New application areas adjacent to the current EPMs of 18322 and 16198 now granted; • Very
Slide 19: High grade gold
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 trenching displayed; • E
Slide 20: Name Shares Capital
Name Shares Capital Aquis Finance Pty Ltd 223,189,984 39.71% 4Js Pty Ltd 22,000,000 3.91% Board and Management 37,453,915 6.66% Company information including CAE share price correlation to copper and gold price ASX Code CAE Share price A$0.16 (July 2023) Market Cap A$84.3 M Shares on issue 561,979,9
Slide 21: The future looks bright
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; ● Excellent drilling results to date will be built upon in 2023 delivering on significant scale, grade, and new areas of interest as we
Slide 22: ASX: CAE
Tom Pickett Executive Chairman tpickett@cannindah.com.au www.cannindah.com.au ASX: CAE