Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Shareholder Meeting (November 2019)
18 slides from Carnaby Resources's shareholder meeting presentation, November 2019
Slide 1: AGM Presentation November 2019
AGM Presentation November 2019 Drilling for the extension of one of Australia’s high grade gold deposits
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and may be unknow
Slide 3: Carnaby 2019 Highlights
CARNABY 2019 HIGHLIGHTS Unlocking the potential at Tick Hill • 23 April – Settlement of the acquisition of Tick Hill project • 16 May – Key target areas defined and high grade rock chips up to 8.6 g/t Au and 24 % Cu • 11 June – Mount Birnie spectacular historical drill results up to 11 m @ 7.1 % Cu
Slide 4: Company Overview
COMPANY OVERVIEW Capital Structure Share Price Performance • ASX Code CNB $0.20 Acquisition Mt Birnie Historical Drill Results incl Mt Birnie Drilling Mt Birnie Results incl Tick Hill Results incl of Tick Hill 11.7m @ 7.1% Cu Commences 17m @ 3.1 % Cu 6m @ 8.5g/t Tick Hill $0.18 Tick Hill Drilling Au
Slide 5: Tick Hill - Mt Isa Inlier
TICK HILL - MT ISA INLIER SURROUNDED BY TIER 1 DEPOSITS & INFRASTRUCTURE Tick Hill Gold Mine Gold & Copper 620 sqkm Mt Isa Inlier Brownfields Slide 5
Slide 6: Tick Hill Project
Duchess TICK HILL PROJECT Historical production 205kt @ 12.5% Cu > 50 km long IOCG corridor • Consolidated 323km2 land package - highly Freckle prospective tenure centred around Tick Hill 6m @ 1.5% Cu & 0.9g/t Au and Duchess deposits 6m @ 3.2% Cu & 1.33 g/t Au • > 50 km IOCG corridor within project
Slide 7: Tick Hill Gold Deposit (100%)
TICK HILL GOLD DEPOSIT (100 %) AN EXCEPTIONAL OREBODY • One of the highest grade and most profitable gold orebodies ever mined in Australia, faulted off at only 235m below surface • Discovered by MIM in 1989 and mined during 1991-95 • Generated A$150-200M profit to MIM during average gold price of ~
Slide 8: Tick Hill – Fault offset analogy with Penny North
TICK HILL – Fault offset analogy with Penny North Tick Hill (100% Carnaby) Penny West (Spectrem) • Produced 511,000 ozs gold @ 22.5 g/t gold • Produced 85,000 ozs gold @ 21.8 g/t gold • Orebody mined to 235 m below surface 1991-95 • Orebody mined to 82 metres below surface 1991-92 • Orebody faulted
Slide 9: Tick Hill Near Mine Exploration
Tick Hill Near Mine Exploration Hunt for the offset and repetition continues • Extensive mapping, re-logging, geophysics (SAM), 3D modelling and initial shallow drilling has identified the previously unrecognised North West Fault corridor as an important controlling structure at Tick Hill. • The Tru
Slide 10: Tick Hill Corridor
TICK HILL CORRIDOR AN EXCEPTIONAL TARGET • Orebody mined to only 235 m below surface producing 511,000 ounces gold @ 22.5 g/t • Orebody truncated by NW striking Truncator Fault at 235 m • Sparse drilling along the Tick Hill corridor below 235m • The Tick Hill North target represents a potential stru
Slide 11: Tick Hill Orebody Extensions
TICK HILL OREBODY EXTENSIONS An Emerging Opportunity • Shallow high grade gold drill intersections have defined significant un-mined sections of the Hangingwall Lode and Main Lode South areas immediately below the Tick Hill Tick Hill Open Pit Produced 180,000oz @ 18.1 g/t open pit (see ASX releases
Slide 12: Tick Hill Orebody Extensions
TICK HILL OREBODY EXTENSIONS High grade unmined lode extensions in close proximity to existing development Hangingwall Lode Main Lode South • Continuous very high grade lode located on the contact • Direct southern extension of Main Lode and Hangingwall between quartzite and lodestone lode is unmine
Slide 13: Mount Birnie
MOUNT BIRNIE High grade copper IOCG deposit • Carnaby 2019 results inc; • MBC006 - 3m @ 9.3% Cu, 1.0 g/t Au and 2 m @ 9.5% Cu within 17 m @ 3.1% Cu • MBC002 - 6m @ 4.4% Cu within 15m @ 2.10% Cu • MBC004 – 8 m @ 1.8% Cu within 21m @ 0.9% Cu • Remains open along strike and at depth • 4 km long copper
Slide 14: Duchess Copper & Gold Extensive Iron Oxide Cu-Au Camp
Spring Creek DUCHESS COPPER & GOLD Dronefield EXTENSIVE IRON OXIDE Cu-Au CAMP • Potential for numerous copper-gold open PILGRIM FAULT pitable gold resources; close proximity to infrastructure and nearby processing facilities Duchess Mine • Nil Desperandum | Drill results up to; Produced 205kt Nil De
Slide 15: Duchess Target
DUCHESS TARGET Mount Isa railway POTENTIAL OPEN PITTABLE MINERAL RESOURCE • Duchess Deposit (1900-1940) - produced 205kt grading Duchess Mine 12.5% Cu Ivanhoe produced 12m @ 2.0% Cu 205kt @ 12.5% Cu • Includes Ivanhoe Lode open along strike and at depth with results up to; 7m @ 3.0% Cu • 12m @ 2.0%
Slide 16: Malmac
Target Degrussa / Horse Shoe Lights style VHMS and Mississippi style sediment-hosted Pb-Zn MALMAC 25 km strike of anomalous stratform lead, zinc and copper (gold) hosted in (exhalative) cherts HIGHLY PROPECTIVE AND ESSENTIALLY UNEXPLORED FRONTIER along major crustal scale growth fault. Coincident wi
Slide 17: Carnaby Investment Highlights
CARNABY INVESTMENT HIGHLIGHTS • Drilling of the highly promising Tick Hill North target has just commenced and is anticipated to be completed in mid December with results in the new year • The potential extension or repetition of Tick Hill remains sparsely tested by drilling below the 235m level whe
Slide 18: Carnaby
§ Carnaby
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