Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (April 2024)
19 slides from Canterbury Resources's investor presentation, Apr 3, 2024
Slide 1: Corporate Presentation April 2024
For personal use only Corporate Presentation April 2024 Canterbury Resources Limited ASX: CBY Authorised for release by Grant Craighead, Managing Director
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 1 April 2024, for the purpose of continuous disclosure, on the basis of information already disclosed
Slide 3: Canterbury Resources: Copper-gold explorer, targeting Tier-1 deposits
Canterbury Resources (ASX: CBY) Copper-gold explorer, targeting Tier-1 deposits For personal use only CBY holds multiple potential ‘company-maker’ assets Significant resources already outlined at three deposits Two major drill programs commencing in Q2 2024: Greenfield exploration drilling a
Slide 4: Key Projects - Status & 2024 Plans
Key Projects - Status & 2024 Plans Bismarck – CBY 40% (Rio Tinto 60%, earning up to 80%) Bismarck - 2024 Activity: For personal use only • Cu-Au porphyry & skarn mineralisation, partially concealed by silica- • Drilling priority-1 targets at Willie and Ndokowai, alunite lithocap preparation & mobili
Slide 5: Capital Structure April 2024
Canterbury Resources (ASX: CBY) For personal use only Capital Structure April 2024 Board and Management: Fully Paid Shares 171.7 million • John Anderson – Chairman • Grant Craighead – Managing Director Share Price (02/04/2024) $0.037 • Michael Erceg – Executive Director Market Capitalisation $6 mill
Slide 6: Papua New Guinea – A Mining Based Economy
Papua New Guinea – A Mining Based Economy For personal use only 6
Slide 7: Bismarck Project (CBY 40%, Rio Tinto earning up to 80%)
Bismarck Project (CBY 40%, Rio Tinto earning up to 80%) 2024 drilling program commencing in For personal use only late-April Program fully funded by Rio Tinto Canterbury project operator and receiving management fees EL2795 located in Central Manus Is Lorengau (capital), Momote (airport) &
Slide 8: Bismarck Project (CBY 40%, Rio Tinto earning up to 80%)
Bismarck Project (CBY 40%, Rio Tinto earning up to 80%) Numerous porphyry-related copper-gold targets identified – some obscured by lithocap For personal use only Targets prioritised following 2022 & 2023 mapping & sampling programs Priority-1 greenfield targets generated at: Willie – multip
Slide 9: Bismarck Drilling – Site Preparation & Mobilisation
Bismarck Drilling – Site Preparation & Mobilisation For personal use only 9
Slide 10: PNG - Syndicate Joint Venture
PNG - Syndicate Joint Venture Earn-in Joint Venture with Syndicate Minerals For personal use only Syndicate is a private, international mineral exploration group Syndicate is also a 6.7% CBY shareholder Stage 1 earn-in – US$5M to earn 40% Stage 2 earn-in – US$15M to earn 70% JV covers Cant
Slide 11: PNG - Morobe Province
PNG - Morobe Province Wamum/Waits (CBY 100%, Syndicate earning 70%) Wamum Ck: 141.5Mt at 0.18g/t Au, 0.31% Cu (0.8Moz Au, 435kt Cu) For personal use only Idzan Ck: 137.3Mt at 0.53g/t Au, 0.24% Cu (2.3Moz Au, 327kt Cu) Waits Ck: undrilled Cu-Au anomaly, with coincident geophysics Prioritizing
Slide 12: PNG - Morobe Province: Wamum Project soil geochemistry
PNG - Morobe Province Wamum Project – soil geochemistry For personal use only Multiple, undrilled copper & gold anomalies based on soil sampling Prioritising & ranking of drill targets in progress Wamum Wana-Wasa Au stockwork zone Idzan Cu core Idzan Gridded soil copper Gridded soil gold 12
Slide 13: PNG - Legusulum (CBY 100%)
PNG - Legusulum (CBY 100%) Application over the historic Legusulum porphyry For personal use only 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 early 1970’s Significant copper mineralisatio
Slide 14: Briggs Copper Project (CBY 70%, Alma 30%)
Briggs Copper Project (CBY 70%, Alma 30%) Large Cu deposit being delineated For personal use only Briggs Project • Inferred Mineral Resource 415Mt at 0.25% Cu & 31ppm Mo*, plus large-scale exploration targets • Open pit, with low strip ratio • Potential higher-grade starter pits • High Cu recoveries
Slide 15: Briggs Deposit – Inferred Mineral Resource Estimate
Briggs Deposit – Inferred Mineral Resource Estimate Refer ASX release 6 July 2023 Briggs Deposit MRE (at selected cut-off grades) For personal use only Tonnes Cu Mo Cut-off Cu Metal Mo Metal (Mt) (%) (ppm) (Cu %) (Mt) (Mlb) 982.3 0.19 34 0.00 1.85 74.39 905.5 0.20 34 0.10 1.84 67.75 694.1 0.22 33 0.
Slide 16: Briggs – Further Drilling Progress
Briggs – Further Drilling Progress Encouraging recent results For personal use only 2023 drilling tested selected margins of the Briggs Central deposit* Drilling along the SE margin confirmed the continuity of shallow, higher-grade copper- molybdenum mineralisation Higher grades occur in the “
Slide 17: Briggs – Targeting Higher Grade Zones in 2024
Briggs – Targeting Higher Grade Zones in 2024 For personal use only 17 refer Alma Metals (ASX: ALM) release 13/03/2024
Slide 18: Summary: A High Leverage Copper-Gold Explorer
Summary A High Leverage Copper-Gold Explorer For personal use only Low market capitalisation, large-scale targets, active exploration – high leverage for investors ‘Company-maker’ opportunities available across the project portfolio Imminent high-impact activities funded by JV partners (Rio Ti
Slide 19: Thank you
For personal use only Thank you Canterbury Resources Limited ASX: CBY Ph: +61 2 9392 8020 Suite 301, 55 Miller St Pyrmont NSW 2009 E: admin@canterburyresources.com.au
Canterbury Resources — Investor Presentation (April 2024) on 6ix