Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Shareholder Meeting (November 2023)
19 slides from Canterbury Resources's shareholder meeting presentation, Nov 24, 2023
Slide 1: Investor Presentation 2023 AGM
Investor Presentation 2023 AGM 24 November 2023 Canterbury Resources Limited ASX: CBY Briggs drilling – Aug 2023
Slide 2: Disclaimer & Competent Person’s Statement
Disclaimer & Competent Person’s Statement This presentation has been prepared by Canterbury Resources Limited ACN 152 189 369 (Canterbury or the Company) on the basis of information available as at 23 November 2023, for the purpose of continuous disclosure, on the basis of information already disclo
Slide 3: Canterbury Resources (ASX: CBY) Capital Structure
Canterbury Resources (ASX: CBY) Capital Structure November 2023 Board and Management: Fully Paid Shares 144.5 million • John Anderson – Chairman • Grant Craighead – Managing Director Share Price (23/11/2023) $0.03 • Michael Erceg – Executive Director Market Capitalisation $4 million • Ross Moller –
Slide 4: Canterbury Resources
Canterbury Resources (ASX: CBY) Highly leveraged copper-gold explorer, targeting Tier-1 deposits CBY holds multiple potential ‘company-maker’ assets Provides outstanding exploration leverage for investors Resources outlined at three deposits Large-scale, drill ready targets across the portfo
Slide 5: Canterbury Resources – Key Projects
Canterbury Resources – Key Projects • Briggs – CBY 70% (Alma Metals 30%, earning up to 70%) • Wamum – CBY 100% (Syndicate earning up to 70%) • Inferred resource of 415Mt at 0.25% Cu, 31ppm Mo • Inferred resources of 279Mt at 0.28% Cu & 0.35g/t Au • Large-scale expansion opportunities outlined • Pote
Slide 6: Briggs Copper Project
Briggs Copper Project (CBY 70%, Alma 30%) Advanced exploration of a large Cu-Mo deposit Briggs Project • Inferred Mineral Resource 415Mt at 0.25% Cu & 31ppm Mo plus an Exploration Target1 480Mt to 880Mt at 0.2% to 0.3% Cu and 25ppm to 40ppm Mo • Open pit, with low strip ratio • High Cu recoveries vi
Slide 7: Briggs – Enhancing the Resource Inventory
Briggs – Enhancing the Resource Inventory Drilling, drilling, drilling… Diamond drilling program in 1H 2023 tested: Northern Porphyry, plus NE & NW extensions of Briggs Central All holes encountered broad intervals of copper mineralisation Higher grade molybdenum zones also noted Mineral R
Slide 8: Briggs – Recent Drilling Progress
Briggs – Recent Drilling Progress Encouraging progressive results Significant assay results, Briggs Central Nov 2023* Depth from Depth to Interval Cu Mo Current drilling program is testing: Hole ID (m) (m) (m) (%) (ppm) “Gap” between Northern Porphyry & Briggs 23BRD0019 8.5 197.0 188.5 0.30 46 C
Slide 9: Briggs – Testing Higher-Grade Settings
Briggs – Testing Higher-Grade Settings Steady news flow anticipated Ongoing 2023 drilling is testing the SE margins of Briggs Central (23BRD0019 & 23BRD0020 on the adjacent Cross Section) Assessing the continuity of higher-grade Cu-Mo mineralisation straddling the contact between the granodiorit
Slide 10: Papua New Guinea
Papua New Guinea Mining has dominated the economy since the 1970’s • Ok Tedi, copper-gold (PNG Govt) • Lihir, gold (Newmont) World class copper-gold opportunities • Porgera, gold (Barrick) • Panguna (Bougainville) – potential re-development • Hidden Valley, gold (Harmony Gold) • Wafi-Golpu (Newm
Slide 11: Bismarck Project
Bismarck Project (CBY 40%, Rio Tinto earning up to 80%) Manus Island: large Cu-Au-Mo porphyry targets Rio Tinto – managing & sole-funding exploration Canterbury operator for field programs Potential Rio Tinto scale opportunities identified Targeting multiphase porphyry Cu-Mo-Au stock, adjace
Slide 12: PNG - Morobe Province
PNG - Morobe Province Strategic tenements in a mineral rich region Wamum Project (CBY 100%) – porphyry copper-gold deposits & targets Wamum Creek: 141.5Mt at 0.18g/t Au, 0.31% Cu (0.8Moz Au, 435kt Cu) Idzan Creek: 137.3Mt at 0.53g/t Au, 0.24% Cu (2.3Moz Au, 327kt Cu) Waits Creek: undrilled Cu-
Slide 13: Wamum Project
Wamum Project (CBY 100%, Syndicate earning up to 70%) Assessing and prioritising targets Idzan Creek & Wamum Creek Deposits Large Cu-Au porphyry system, ~20km from Wafi-Golpu Two deposits outlined (containing 782kt Cu, 3.2Moz Au) Potential stand-alone operation Strike & depth extension oppor
Slide 14: Ekuti Range Project
Ekuti Range Project (CBY 100%, Syndicate earning up to 70%) Assessing and prioritising targets Yalua Prospect Undrilled Cu-Mo ±Au porphyry system Diorite intrusion in flexure of major regional fault Quartz vein stockwork halo hosted in sediments 1km2 copper-molybdenum geochemical anomaly C
Slide 15: Legusulum Project
Legusulum Project (CBY 100%, Syndicate earning up to 70%) Continuing to generate new projects Application over the historic Legusulum porphyry prospect on New Ireland Discovered by CRA in 1965 during a regional geochemical survey for copper 23 shallow holes drilled by Swiss Aluminium in the ea
Slide 16: Positive Copper Price Environment
Positive Copper Price Environment Strengthening copper demand, underpinned by global decarbonisation Copper is a superior, affordable conductor of electricity Rising demand being driven by growth in the renewable energy & electric vehicle sectors Medium-long term supply constraints Limited
Slide 17: Summary
Summary A High Leverage Copper-Gold Explorer Low market capitalisation, large-scale targets, active exploration – high leverage for investors ‘Company-maker’ opportunities available across the project portfolio High impact activities fully funded by JV partners (Rio Tinto, Alma Metals & Syndic
Slide 18: References
References • CBY 25/11/2020 “Increased Resources at the Wamum Project” • CBY 04/07/2022 “Alma Metals Commits to the Briggs Joint Venture” • CBY 31/05/2023 & 25/07/2023 “Morobe Project Joint Venture” • CBY 06/07/2023 “Updated Briggs Resource exceeds 1Mt contained copper” • CBY 18/07/2023 “Briggs Soil
Slide 19: Thank you
Manus Is. – July 2023 Thank you Canterbury Resources Limited ASX: CBY Ph: +61 9392 8020 Suite 301, 55 Miller St Pyrmont NSW 2009 E: admin@canterburyresources.com.au
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