Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (May 2021)
19 slides from Canterbury Resources's investor presentation, May 11, 2021
Slide 1: Investor Presentation May 2021
For personal use only Investor Presentation May 2021 Authorised by Grant Craighead, Managing Director Ph: +61 9392 8020 E: gcraighead@canterburyresources.com.au Canterbury Resources Limited ACN 152 189 369 Suite 301, 55 Miller St Pyrmont NSW 2009 ASX: CBY
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 11 May 2021, for the purpose of continuous disclosure, on the basis of information already disclosed t
Slide 3: Canterbury Resources Limited
Canterbury Resources Limited ASX: CBY For personal use only Canterbury provides high leverage to buoyant copper and Capital Structure 11-May-21 gold prices via its portfolio of large-scale, advanced exploration projects in Australia and PNG. Fully Paid Shares 111.9 million Share Price (3/05/21) $0.1
Slide 4: Board and Company Secretaries
For personal use only Non-executive Chairman John Anderson Managing Director Grant Craighead Executive Director Michael Erceg Non-executive Directors Ross Moller Robyn Watts Company Secretaries Ross Moller Véronique Morgan-Smith 4
Slide 5: Introduction: A High Leverage Copper-Gold Explorer
Introduction For personal use only Canterbury Resources - A High Leverage Copper-Gold Explorer • Exploring potential Tier-1 Cu-Au projects in the SW Pacific – four key projects established: • Briggs in Qld – a very large Cu mineralisation system in a low sovereign risk locality • Wamum Project – lar
Slide 6: Copper Price Surging
Copper Price Surging Robust Demand & Supply Constraints For personal use only 5-Year Copper and Gold Price Charts - data sourced from Bloomberg 6
Slide 7: Project Overview
Project Overview For personal use only Queensland – Large Cu-Au-Mo Porphyry Systems • Briggs (CBY 100%) – extensive, outcropping porphyry Cu mineralisation • Central Zone drilling has outlined 142.8Mt at 0.29% Cu (414kt Cu) • Near term drilling of higher-grade zones, plus depth and strike extensions
Slide 8: Queensland Projects (CBY 100%)
Queensland Projects (CBY 100%) For personal use only Briggs & Mannersley Acquired from Rio Tinto in 2017 • Widespread porphyry style Cu-Mo-Au mineralisation • RTX retains various rights at B&M • CBY granted Fig Tree Hill tenement in 2020 On the Mt Morgan (8Moz Au, 350kt Cu) Trend • Outstanding regio
Slide 9: Briggs Project (CBY 100%)
Briggs Project (CBY 100%) For personal use only Briggs Drilling to Resume in September Qtr • Aiming to substantially increase resources • Also, testing game-changing conceptual targets RC Drilling of Near Surface Targets • Strong Cu-in-soil anomaly over ~2km strike length • Only ~500m strike length
Slide 10: Bismarck Project (CBY 40%)
Bismarck Project (CBY 40%) For personal use only Manus Is. - Large Buried Cu-Au Porphyry Systems • Rio Tinto has been managing and sole-funding exploration - restructure in progress • Geology and geophysics have identified major targets hidden beneath a large advanced argillic alteration lithocap •
Slide 11: PNG Morobe Province
PNG Morobe Province For personal use only Canterbury - Strategic Tenements in a Major Mineral District Lae - industrial hub and PNG’s largest cargo port; good access to CBY projects Wafi-Golpu Development Project (Newcrest & Harmony 50/50 JV) • 27Moz Au, 9Mt Cu in Resources, incl 11Moz Au, 5Mt Cu in
Slide 12: Wamum – EL2658 (CBY 100%)
Wamum – EL2658 (CBY 100%) For personal use only • Significant Cu-Au porphyry related deposits outlined at Idzan Creek & Wamum Creek • Discovered by CRA in the 1970’s, with periodic drilling by CRA, Highlands Gold, Barrick and Newcrest • CBY personnel have a long association with exploration in the d
Slide 13: Wamum Project – Selected Schematic Sections
Wamum Project – Selected Schematic Sections For personal use only 13
Slide 14: Wamum Project – Assessment Strategy
Wamum Project – Assessment Strategy For personal use only • Historical exploration has broadly outlined large Cu-Au deposits at Idzan Creek & Wamum Creek • Mineralisation systems remain open in several directions • Industry benchmarking indicates strong potential for defining an economic, standalone
Slide 15: Ekuti Range (CBY 100%)
Ekuti Range (CBY 100%) For personal use only Cu-Au Porphyry Systems, plus High-grade Epithermal Lodes • Historical drilling tested high-grade lodes at Otibanda/Waikanda eg: • 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 • IP program propos
Slide 16: Peer Comparison v's Selected Au Explorers
Peer Comparison v’s Selected Au Explorers For personal use only • Comparison based on Au explorers with >1Moz Au • No value attributed to co-products such as Cu (see next slide for consideration of Cu value) • Enterprise Value (EV) estimated as at 11 May 2021, with market capitalisation adjusted for
Slide 17: Value of CBY's Copper Greater than its Gold
Value of CBY’s Copper Greater than its Gold For personal use only • CBY’s resources total 1.18Mt Cu and 3.16Moz Au with in-ground contained metal value of: • In-ground Cu value at US$4.70/lb = US$ 12.3 billion • In-ground Au value at US$1,830/oz = US$ 5.8 billion • Limited comparable Cu explorers on
Slide 18: Summary: A High Leverage Copper-Gold Explorer
Summary For personal use only A High Leverage Copper-Gold Explorer • Canterbury has generated four potential Tier-1 Cu-Au opportunities in the SW Pacific • Successful drill programs completed at Briggs and Ekoato in 2019 • Wamum Project secured in 2020 and granted in 2021 • Multiple drill ready targ
Slide 19: Thank You
For personal use only Thank You Grant Craighead, Managing Director Ph: +61 9392 8020 E: gcraighead@canterburyresources.com.au
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