Carnavale Resources Limited · ASX:CAV
Carnavale Resources — Investor Presentation (May 2007)
31 slides from Carnavale Resources's investor presentation, May 29, 2007
Slide 1: Investor Presentation cover letter to ASX
29 May 2007 The Manager ASX Ltd Level 4, 20 Bridge Street Sydney, NSW 2000 Dear Sir Dear Sir Please find attached the Company's presentation document. The presentation document will be camevele Investor Presentation posted to the Company's website and made available at investor presentations. Yours
Slide 2: & g pail a a
& 2 44 0 g pail a a NVEoO OR PRrOKN! f ;
Slide 3: Key Points
KEY POINTS People Experienced Team Projects Outstanding Exploration Potential Cash $5.0m
Slide 4: People
PEOPLE Chairman Adam Sierakowski Executive Director Hans Biener Executive Director Ron Gajewski Non Executive Director Peter Christie
Slide 5: Project Locations
PROJECT LOCATIONS Sedimentary Rocks |_ (EEE owner Eoraasio- Cremceas Triassic Tgneou nd Metamorphic Rocks eo : ae yy VI, +000 i JJ renic voeanes | Cretaceous Tertian veleanics Cambrian. Biever Polecnie- Mesanoie Inirustves
Slide 6: Country Profile
COUNTRY PROFILE «+ Democratically elected government. a Mining is one of Brazil’s major source of foreign exchange. 2 1995 constitutional reform allowed free participation of foreign capital in Brazilian mining sector. -) Brazil has abundant natural resources including iron ore, aluminium, manganese
Slide 7: Parmegiana Iron Ore Project (100%)
PARMEGIANA IRON ORE PROJECT (100%) a total of 50,879 hectares. « Project was identified based on correlation of an airborne magnetic survey with a prominent topographic linear feature. possible extensions.
Slide 8: Analytic Signal map over Parmegiana target
250008 300000 E N goooaes O00 3ODD00 Analytic Signal map showing the strong magnetic response over the Parmegiana target. couse
Slide 9: Parmegiana Iron Ore Project (cont.)
PARMEGIANA IRON ORE PROJECT (cont.) ia Regional reconnaissance conducted during 2006 confirmed significant values associated with banded iron formations (BIFS). Fe. Based on i Landsat interpretation the main BIF units and possible new horizons were delineated ud A preliminary geological map shows a
Slide 10: Interpreted Geology Based on Field Reconnaissance and LandSat Interpretation
270000 & 280000 E 280000 E 300000 E z 4 & & & & & e a % 866.833/06 868.574106 || 866.594/08 ae eee eo Novo Horizontia [=] 2 oe & cd / ° / af ee BIF Ekuviurn/Gothuvi . havium/Colluvien / S , N 866.568/06 BIF Horizons 866.570/06 4 2 A V7 o Air-Mag Anomaties Zo s << 3 || —— __ Regionat structures a f S
Slide 11: Grab samples with Fe grade
a 790000 fh aD s Grab Sample w/ Fe Grade BF Horizons Regional Structures 270060 & 280000 290000 E BOQ00C p . LE
Slide 12: High Grade Massive Specular Hematite from Parmegiana Project
Slide 13: High-grade Vuggy Magnetite Ore from Parmegiana Project
Slide 14: Ilha Redonda Iron Ore Project
ILHA REDONDA IRON ORE PROJECT = Project is located in Amapa State in the north of Brazil and some 30kms from the Santana Port. ia The property which covers some 10,000 hectares lies along the WNW magnetic trend that host significant iron ore deposits in the region. i Project delineated based on a pr
Slide 15: Mongubae
Mongubae Casimin,;
Slide 16: Ilha Redonda Property and Main Fe Deposits in Amapa
‘ ° ySolida,Fe'Dep: wSoliaay Ilha Redonda Property and Main Fe Deposits in Amapa The background image shows the airborne magnetic anomalies ‘eBacabal. Fe Deposit aa
Slide 17: Tres Cores Iron Ore Project (100%)
TRES CORES IRON ORE PROJECT (100%) “« Carnavale has been assigned 100% of the mineral rights containing 30,000 hectares under application. ia Field reconnaissance campaign confirms that the Tres Cores Project aeromagnetic target is associated with banded iron formations. «i Size and intensity of aer
Slide 18: Analytical Signal response of Três Cores Fe Target
Slide 19: Três Cores Banded iron formation
Trés Cores Banded iron formation. Bands of quartz intercalated with magnetite-martite.
Slide 20: Frei Martinho Molybdenum Project (100%)
FREI MARTINHO MOLYBDENUM PROJECT (100%) : Located in the Paraiba state of Brazil, an area known for historical molybdenum mining leases. « Mineralization is developed in a skarn zone which has a strike extent of approximately 1.6km and a width of up to 3m. <1 The Geological Survey of Brazil reported
Slide 21: Frei Martinho Molybdenum Project
FREI MARTINHO MOLYBDENUM PROJECT s Paid 3S$20,000 upon entering into Letter of Intent, 30 days due diligence period. «= Carnavale earning 100% by making cash payments of US$4.0m and issuing 1.0m shares, subject to shareholder approval. -US$50,000 on signing definitive agreement. S$50,000 upon confir
Slide 22: About Molybdenum
ABOUT MOLYBDENUM « Mo is used as an alloy to strengthen iron and steel. * Mo is a vital component in the making of stainless steel and oil and gas pipelines. « With high nickel prices there is increasing substitution of Mo rich duplex stainless steels. * Mo supply shortfall resulting from; -Uncertai
Slide 23: Upper skarn horizon exposed in a adit
Upper skarn horizon exposed in a adit.
Slide 24: Molybdenite crystals in quartz-plagioclase rich zone
Slide 25: Morro do Cobre Project Summary (80%)
MORRO DO COBRE PROJECT SUMMARY (80%) «+ Project chosen due to its extensive strike potential based on limited exploration. 2 Soil anomaly identified over 3,500m and up to 600m in width. «2 Rock chip samples of up to 24% copper and 5.80 g/t Au identified. 2 No historical drilling undertaken on the pr
Slide 26: Morro do Cobre Project (80%)
MORRO DO COBRE PROJECT (80%) 50 - 99 | 100-449 156 - 199 200 - 249 250 - 300 200 - 2806
Slide 27: Trench 7m @ 0.92% Copper
Slide 28: Morro do Cobre Project (80%)
MORRO DO COBRE PROJECT (80%) Copper Carbonates (blue) XC %Cu Insitu high grade Copper (blue tint) in Schist
Slide 29: Capital Structure
CAPITAL STRUCTURE M Tradeable Shares 26.60 Escrowed Shares 24.05 Total Shares on Issue 50.65 Cash $5.0M Market Capitalization 50.65M 1. 24.05m escrowed for between 12 to 24 months from listing. 2. Loyalty option on a one for one basis at ic to be offered to shareholders in July 2007. coysesysssassso
Slide 30: Summary
SUMMARY *« Aggressive exploration programme, focusing on iron ore and molybdenum projects. * US$4M exploration budget planned. « Aim to increase shareholder value through — Developing resources on molybdenum and iron ore projects. — Exploration success demonstrating feasibility of developing Fe/Mo a
Slide 31: Disclaimer
DISCLAIMER The Material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Carnavale Resources Limited (CAV) nor does it form the basis of any contract or commitment. CAV, its directors, employees, age
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