Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Macquarie Western Australia Forum 2022
21 slides from Carnaby Resources's conference presentation, Nov 29, 2022
Slide 1: Macquarie Western Australia Forum
Macquarie Western Australia Forum 29 November 2022
Slide 2: Statements and disclaimers
Statements and disclaimers Competent Persons Statement The information in this document that relates to the Tick Hill Deposit and Tick Hill ROM Stockpile Mineral Resources is based upon information compiled by Mr Paul Tan. Mr Tan is a full time employee and security holder of the Company and a Membe
Slide 3: Company Overview: Capital Structure
COMPANY OVERVIEW Capital Structure ASX Code CNB Share Price Performance Last 12 Months1 Share Price1 $0.845 $2.20 Shares on Issue 144.6M $2.00 Unlisted Options 2.5M $1.80 Market Cap $122M $1.60 Cash2 $15M $1.40 Top 20 Shareholders1 36.4% $1.20 $1.00 Board / Management Shareholding1 15.1% $0.80 $0.60
Slide 4: Company Overview
COMPANY OVERVIEW OPERATING EXCLUSIVELY IN AUSTRALIA WITH MAIN PROJECTS LOCATED IN ESTABLISHED MINING REGIONS Pilbara Gold and Lithium Projects Greater Duchess Copper and Gold Projects 442km2 tenements 1,083km2 tenements Location: Mallina Basin Pilbara Location: Mt Isa Inlier Greenfields Brownfields
Slide 5: Greater Duchess Copper Gold Project
GREATER DUCHESS COPPER GOLD PROJECT Carnaby Regional Land Holding of 1,083 km2 • Located in the Mt Isa inlier and surrounded by multiple mines and copper processing facilities including the Mt Isa smelter 70km to the NW. • World class infrastructure and mining friendly juristiction. • Greater Duches
Slide 6: Greater Duchess Copper Gold Project: Highly Prospective IOCG Corridor
GREATER DUCHESS COPPER GOLD PROJECT Highly Prospective IOCG corridor • 3 very significant copper gold discoveries within the last 12 months • Nil Desperandum - 29 December 2021 Initial discovery targeted on IP chargeability anomaly • Lady Fanny - 13 January 2022 discovery 3km to the north of Nil Des
Slide 7: Mount Hope Mining Lease (CNB:100%)
MOUNT HOPE MINING LEASE (CNB:100%) Granted Mining Lease Acquired in April 20221 • Historical production 309,000t @ 1.9% Cu from very shallow un-engineered open pits maximum 30-40m deep mined from 1967 to 19731. • No public record of any historical drilling • IP surveys revealed the largest and stron
Slide 8: Mount Hope North Prospect (CNB:100%)
MOUNT HOPE NORTH PROSPECT (CNB:100%) Strongest IP anomaly yet at Greater Duchess Project • ENE striking quartz copper sulphide lode, steeply south dipping • Exceptional first pass results of; • 75m @ 1.7% Cu, 0.2 g/t Au hosted in an intrusion • 24m @ 1.8% Cu, 0.3 g/t Au plus 14m of strongly minerali
Slide 9: Mount Hope Central Prospect (CNB:100%)
MOUNT HOPE CENTRAL PROSPECT (CNB:100%) Exceptional wide and high-grade drill results • Greater than 200m strike of steeply SW and SE dipping circa 20m wide quartz copper sulphide vein lode • 60m @ 3.1% Cu, 0.4 g/t Au (transitional + chalcopyrite) • 30m @ 3.0% Cu, 0.4 g/t Au BOH (transitional) • 19m
Slide 10: Nil Desperandum IOCG Discovery (CNB:82.5%)
NIL DESPERANDUM IOCG DISCOVERY (CNB:82.5%) IP Geophysics and Geology led discovery1 • Drilling by various companies since 1996 had defined shallow copper mineralisation mainly associated with northwest striking historical workings. • Discovery hole NLDD044: ➢ 41m @ 4.1% copper, 0.5 g/t gold from 247
Slide 11: Lady Fanny IOCG Discovery (CNB:100%)
LADY FANNY IOCG DISCOVERY (CNB:100%) No recorded drilling prior to Carnaby1 • The Lady Fanny Prospect is a historical high-grade copper-gold deposit located only 3 km north of Nil Desperandum. No recorded historical drilling. • >300m strike of high-grade core of copper gold mineralization at surface
Slide 12: Metallurgical Results
METALLURGICAL RESULTS Excellent Initial Metallurgical Results from Nil Desperandum and Lady Fanny Prospects1 Nil Desperandum Lady Fanny Copper Recoveries 97.7% to 99.1% 99.0% to 99.4% Gold Recoveries 80.1% to 87.2% 82.9% to 88.7% Kinetics (75 µm & 150µm) >90% flotation of Cu in 2 minutes >95% flotat
Slide 13: Nil Desperandum IOCG Corridor
NIL DESPERANDUM IOCG CORRIDOR Geophysics – IP working exceptionally well1 • IP Geophysics has proven itself to be a game changer in the Nil Desperandum corridor. • Nil Desperandum IP chargeability anomaly drilled in December 2021 – 41m @ 4.1% copper. • Lady Fanny IP chargeability anomaly over 600m d
Slide 14: Nil Desperandum / Lady Fanny Corridor (CNB:82.5%)
NIL DESPERANDUM / LADY FANNY CORRIDOR (CNB:82.5%) 3D IP chargeability inversions Slide 14
Slide 15: St Andrews Prospect (CNB 100%)
St ANDREWS PROSPECT (CNB 100%) Lady Fanny Nil Desperandum trend unexplored to south • 50m line spaced aeromagnetic survey by Nil Desperandum Carnaby in 2022 has highlighted several high priority structural targets along a potential southern extension of the Nil Desperandum IOCG corridor. • Area sout
Slide 16: Greater Duchess Copper Gold Project
GREATER DUCHESS COPPER GOLD PROJECT Carnaby Regional Land Holding of 1,083 km2 • Structurally controlled mineralisation style is typical of IOCG / ISCG deposits seen in the Cloncurry area (eg Ernest Henry, Eloise, Osborne). • Outcropping areas have been well prospected for over 100 years – opportuni
Slide 17: Forward Exploration & Resource Development Timeline
FORWARD EXPLORATION & RESOURCE DEVELOPMENT TIMELINE Greater Duchess Copper Gold Project (QLD) • 3 significant copper gold discoveries in the last 12 months at Nil Desperandum, Lady Fanny & Mount Hope • Maiden Mineral Resource estimate to be completed in Q2 2023 • Scoping / PFS level studies to be co
Slide 18: Investment Case – Why Carnaby?
INVESTMENT CASE – WHY CARNABY? • Exceptional results – Significant copper-gold discovery at Greater Duchess, Mt Isa district. • Location – Greater Duchess is in the heart of Australia’s copper industry with excellent access, infrastructure and a range of opportunities for future development. • Stron
Slide 19: Uncover more at carnabyresources.com.au
UNCOVER MORE AT CARNABYRESOURCES.COM.AU
Slide 20: Mallina Basin, Pilbara WA
MALLINA BASIN, PILBARA WA Strelley Gold Project (CNB: 100%) - intrusion hosted “Hemi Style” gold mineralisation intersected in drilling • 70 km strike of underexplored ground covering 442 km2 which is only 70 km northeast of De Grey Mining Ltd’s (ASX DEG) Hemi gold deposit, 213Mt @ 1.2g/t for 8.5Moz
Slide 21: Malmac Project (CNB: 100%)
MALMAC PROJECT (CNB: 100%) Early Stage New Frontier Project1 • Salvation Prospect - 6 km long copper-nickel surface anomaly with results up to 1,380 ppm copper. • Little-known outcrop of pillow basalt, potentially equivalent to the Narracoota Volcanics in the Byrah Basin. • Equivalent geological set
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