Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (November 2019)
18 slides from Canterbury Resources's investor presentation, Nov 11, 2019
Slide 1: Investor Presentation November 2019
For personal use only ASX:CBY INVESTOR PRESENTATION November 2019 “Creating shareholder value by generating, exploring and monetising potential Tier-1 Cu-Au projects in proven mineral belts” BD019-003 Drill Site - Briggs Copper Project, Queensland
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement For personal use only 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 11 November 2019, for the purpose of continuous disclosure, on the basis of info
Slide 3: Investment Highlights
Investment Highlights For personal use only • Exploration exposure in the SW Pacific – a region that hosts multiple Tier-1 Cu-Au assets • e.g. Grasberg, OK Tedi, Bougainville, Lihir, Wafi-Golpu, Porgera, Cadia • SolGold & Stavely demonstrate the investment leverage of successful porphyry Cu-Au explo
Slide 4: Company Overview
Company Overview For personal use only Canterbury Resources Limited is an emerging resource company focused on creating shareholder wealth by generating, exploring and monetising potential Tier-1 copper-gold projects in the southwest Pacific. It has established a strong portfolio of projects in Aust
Slide 5: Directors and Management
For personal use only Non-executive Chairman John Anderson Managing Director Grant Craighead Executive Director Michael Erceg Non-executive Directors Gary Fallon Ross Moller Company Secretaries Ross Moller Véronique Morgan-Smith PNG Country Manager Wanu Tamu Grant Craighead & Mike Erceg at Quartz St
Slide 6: Project Overview
Project Overview For personal use only Queensland – Large Cu-Au-Mo Porphyry Systems • Briggs (CBY 100%) – systematic testing of a large porphyry Cu deposit • BD019-002: 370.5m at 0.27% Cu, incl. 39m at 0.53% Cu & 18m at 0.46% Cu • BD019-003: 246.8m at 0.30% Cu incl. 28m at 0.83% Cu and 29m at 0.37%
Slide 7: High Impact Drilling Activity
High Impact Drilling Activity For personal use only Drilling Target Comments Briggs • Systematic drilling of Central Porphyry Zone • Initial Exploration Target* of 45- • On track to release an Inferred Resource in (QLD) within an extensive porphyry copper system 165Mt at 0.4-0.8% Cu in upper January
Slide 8: SE Queensland Projects - CBY 100%
SE Queensland Projects - CBY 100% For personal use only Briggs & Mannersley Acquired from Rio Tinto in 2017 • RTX holds a 1% NSR and can ‘claw back’ a 60% JV interest (via a $15m payment to Canterbury, plus sole- funding $50m), triggered by a resource estimate On the Mt Morgan (8Moz Au, 350kt Cu) tr
Slide 9: Briggs Deposit – Drill Program
Briggs Deposit – Drill Program For personal use only • Large Cu porphyry system outlined over a ~2km strike length • Canterbury testing an Exploration Target* of 45Mt to 165Mt at 0.4%-0.8% Cu over ~500m strike at the Central Porphyry Zone • Initial holes have encountered very broad intervals of Cu m
Slide 10: Briggs Deposit – Higher Grade Features
Briggs Deposit – Higher Grade Features For personal use only Selected core photos of copper mineralisation from BD019-003 & BD019-004 • Images left - massive quartz interval in BD019- 003 that averages 0.83% Cu over 28m. The depth potential of this structurally controlled up-flow feature is being te
Slide 11: Ekuti Range Project – CBY 100%
Ekuti Range Project – CBY 100% For personal use only Epithermal Au lodes overlying Cu-Au porphyry systems • Historical drilling tested high grade lodes at Otibanda e.g. • OTI-003 2.2m at 16.6g/t Au, 2.0% Cu • OTI-006 2.5m at 15.3g/t Au, 0.3% Cu & 0.8m at 25.6g/t Au, 0.4% Cu • CBY scout drilling at E
Slide 12: Schematic Geological Model of Ekoato Prospect
Schematic Geological Model of Ekoato Prospect For personal use only Ekoato Scout Drilling Program • 2019 drilling tested a zone of mineralised hydrothermal breccia overlying an interpreted intrusive (porphyry) • Significant Cu-Au discoveries are noted at Ok Tedi in a comparable setting • The high gr
Slide 13: Yalua – A New Copper Prospect
Yalua – A New Copper Prospect For personal use only • Located in the southern portion of CBY’s 100% owned Ekuti Range tenements • A significant copper-molybdenum anomaly, including: • A central dioritic intrusion mapped over 500m • Quartz-sulphide (pyrite & chalcopyrite) vein stockwork in surroundin
Slide 14: Bismarck Project Overview
Bismarck Project Overview For personal use only Historic exploration discovered multiple copper-gold porphyry systems in central Manus Island • Past drilling has focussed on testing of exposed northern porphyry systems • The Bismarck JV is now also assessing buried southern porphyry targets Rio Tint
Slide 15: Bismarck Project
Bismarck Project For personal use only Rio Tinto Exploration to Date: • Reinterpretation of historical exploration, including consideration of an extensive area of advanced argillic alteration (lithocap) • Airborne ZTEM survey in early 2017, plus follow-up AMT & surface sampling • major geophysical
Slide 16: Indicative Timeline
Indicative Timeline For personal use only Jun ’19 Sep ‘19 Dec ‘19 Mar ‘20 Jun ‘20 Bismarck Drilling Ekoato Drilling PNG Mapping & Sampling Briggs Drilling Briggs Resource Estimate Vanuatu Mapping & Sampling Scout Drilling at Yalua and/or Tafuse 16
Slide 17: Summary
Summary For personal use only A high leverage copper-gold explorer • Canterbury was formed in 2011 and started trading on ASX in March 2019 • Regional exploration experts, responsible for the discovery hole at Golpu • Strong pipeline of large scale Cu-Au and Au-Ag prospects established in proven min
Slide 18: Contacts
For personal use only Contacts Grant Craighead – Managing Director Mike Erceg – Exploration Director Suite 108, 55 Miller St gcraighead@canterburyresources.com.au merceg@canterburyresources.com.au Pyrmont NSW 2009 +61 2 9392 8020 +61 2 9392 8020 18
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