Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Berkut Minerals — Sydney RIU Presentation May 2018
18 slides from Carnaby Resources's conference presentation, May 2018
Slide 1: Scandinavian Cobalt Projects
Scandinavian Cobalt Projects Sydney RIU Presentation May 2018 www.berkutminerals.com.au
Slide 2: Investment Case
Investment Case ▪ Low market capitalisation compared to peers: exceptional leverage o A$7M Market Cap. (@13c), $4M Cash, A$3M Enterprise Value ▪ Tight corporate structure, highly experienced Board and management team o 54.3M shares on issue ▪ Historically significant cobalt producing belts with no m
Slide 3: Corporate Snapshot
Corporate Snapshot Share Price1 13 cents Highly Experienced Management Team Shares on issue 54.3M Neil Inwood Managing Director Options on issue2 10.5M ▪ Highly experienced geologist with +22yrs international experience in gold, base metal & specialty metals Market Capitalisation $7M ▪ Experience in
Slide 4: Peer Comparison | Cobalt Explorers
Peer Comparison | Cobalt Explorers BMT EUC FCC BSX CLA Market Capitalisation $7M $54M $175M $40M $136M Cash Position $4M $19M $30M $4M $3M Enterprise Value $3M $35M $145M $36M $130M Jurisdiction Norway & Sweden Slovakia & Canada Canada Namibia Finland Ownership 100% 100% 80% 100% 95% Exploration Res
Slide 5: Scandinavian Projects
Scandinavian Projects ▪ Granted rights to 100% of four cobalt prospective projects in in Sweden and Norway o Skuterud Cobalt Project, Norway o Gladhammar and Tunaberg Cobalt Projects, Sweden o 100% owned Lainejaur Nickel-Cobalt resource1 in Sweden ▪ 116km2 of granted licences targeting cobalt ▪ Exce
Slide 6: Skuterud Project | Norway
Skuterud Project | Norway ▪ Located 100km from Oslo port in Norway ▪ Skuterud | A major historic cobalt producing region: a’ o Major source of cobalt in 19th century o Over 4 million tonnes of cobalt ore mined from 1773-18931 ▪ Nine granted licences over the historic Skuterud Cobalt Trend, for ~19km
Slide 7: Skuterud Project | Maiden Drill Program - November 2017
Skuterud Project | Maiden Drill Program - November 2017 ▪ Maiden seven hole maiden diamond drill program completed o Six of seven holes sampled intersect cobalt mineralisation ▪ Cobalt zones associated with wide (up to 30m) copper alteration zones. Intercepts include1: o 2m @ 0.12% Co and 0.11% Cu (
Slide 8: Skuterud Project | Maiden Drill Program - November 2017
Skuterud Project | Maiden Drill Program - November 2017 Section 1 Cobalt-Related Mineralisation Styles Encountered in Core Disseminated fine grained and blebs of Cobaltite/skutterudite veinlets skutterudite/cobaltite Section 2 Pyrrhotite, chalcopyrite, Pyrrhotite banding cobaltite/skutterudite sulph
Slide 9: Skuterud Project
Skuterud Project www.berkutminerals.com.au 9
Slide 10: Lainejaur Ni, Co, Cu Project | Sweden
Lainejaur Ni, Co, Cu Project | Sweden ▪ February 2018 JORC Mineral Resource update (Inferred) o 460,000t @ 2.2% Ni, 0.15% Co and 0.7% Cu1 o Deposit open to north o Ground geophysics undertaken in January 2018 Resource Region Moving ▪ Anomalies identified by moving loop EM. Loop-EM Anomaly o Interpre
Slide 11: Lainejaur Project | Geology
Lainejaur Project | Geology ▪ Hosted at the base of a lopolithic gabbro-diorite intrusion overlain by mafic intrusive with minor intercalated metasedimentary units and underlain by meta-basalts ▪ Sulphides consist of pyrrhotite, pentlandite, gersdorffite and chalcopyrite ▪ Open at depth - 1.5km nort
Slide 12: Lainejaur Project | Geophysics
Lainejaur Project | Geophysics ▪ Reconnaissance fixed loop surveys over 5 profile lines undertaken o Anomaly identified on line E o 2.5km south east of Lainejaur in interpreted layered mafic / ultramafic unit ▪ Anomaly E model parameters similar to the main Lainejaur body suggest a conductive unit a
Slide 13: Lainejaur Ni, Cu, Co Project | Sweden
Lainejaur Ni, Cu, Co Project | Sweden LAI08-034 (from 559m) 2m @ 2.14% Ni, 0.038% Cu and 0.09% Co - open to north www.berkutminerals.com.au 13
Slide 14: Gladhammar Project | Sweden
Gladhammar Project | Sweden ▪ Located approximately 200km south of Stockholm ▪ ~44km2 approved and pending licences ▪ Major cobalt mine in Sweden from 1777 to 1892 o Reported historic mine grades of 1.25%-2% cobalt in 682t from 1888 to 1891 (end of mine) 3 ▪ Hand samples up to 0.25% cobalt; copper u
Slide 15: Tunaberg Project | Sweden
Tunaberg Project | Sweden ▪ Approved licences of ~12km2 ▪ Located in southern Sweden, approximately 100km SW of Stockholm ▪ Historic mining centre; copper mining during the 15th century and cobalt during the 18th century ▪ Skarn hosted cobalt mineralisation dominated by cobaltite and oenite ▪ Metal
Slide 16: 2018 | Activities
2018 | Activities ▪ Skuterud o Additional core sampling completed o Field work (spring/summer): mapping, soil geochemistry, geophysics o Follow up drilling ▪ Lainejaur o Fixed loop EM survey results o Assessment of combined historical data (drilling, geophysics, mapping). o Drilling ▪ Tunaberg o Ass
Slide 17: Disclaimer and Competent Person
Disclaimer and Competent Person Disclaimer and Forward Looking Statements This presentation may contain certain forward looking statements and projections regarding: ▪ estimated, geological targets, resources and reserves; ▪ planned production and operating costs profiles; ▪ planned capital requirem
Slide 18: Contact Us
Contact Us Neil Inwood, Managing Director neil@berkutminerals.com.au T: +61 8 9320 2320 78 Churchill Avenue Subiaco Western Australia 6008 www.berkutminerals.com.au www.berkutminerals.com.au