Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (May 2019)
22 slides from Canterbury Resources's investor presentation, May 7, 2019
Slide 1: Investor Presentation May 2019
For personal use only ASX:CBY INVESTOR PRESENTATION MAY 2019 “Creating shareholder value by generating, exploring and monetising potential Tier-1 Cu-Au projects in proven mineral belts” EK001 drill site, Ekoato Prospect PNG
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement For personal use only 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 6 May 2019, for the purpose of continuous disclosure, on the basis of informatio
Slide 3: Investment Highlights
Investment Highlights For personal use only • SW Pacific region hosts multiple Tier-1 Cu-Au assets • e.g. Grasberg, OK Tedi, Bougainville, Lihir, Wafi-Golpu, Porgera, Cadia • Canterbury’s key personnel are regional exploration experts • Strong track record - discovery of Golpu (WR95: 263m at 1.86% C
Slide 4: Company Overview
Company Overview For personal use only Canterbury Resources Limited is an emerging resource company focused on creating shareholder wealth by generating, exploring and monetising potential Tier-1 copper-gold projects in the southwest Pacific, and has established a strong portfolio of projects in Aus
Slide 5: Board and Management
For personal use only Non-executive Chairman John Anderson Managing Director Grant Craighead Executive Director Michael Erceg Non-executive Directors Gary Fallon Ross Moller Company Secretaries Ross Moller Véronique Morgan-Smith PNG Country Manager Wanu Tamu Briggs quartz stockwork outcrop 5
Slide 6: Project Overview
Project Overview For personal use only PNG – Potential Tier-1 Assets in Well-Endowed Regions • Bismarck JV (CBY 40%, RTX 60%) – large scale porphyry Cu-Au systems • Rio Tinto sole-funding drilling of very large, buried Cu-Au targets • JV planning next phase of drilling for second half 2019 • Ekuti R
Slide 7: High Impact 2019 Drilling
High Impact 2019 Drilling For personal use only 2019 Drilling Target Comments Bismarck • Drilling large geophysical targets, supported by • Discovery of Golpu or Lepanto • Rio Tinto funding $17.5m, incl. minimum (PNG) some surface geochemistry style system 1,500m drilling, to earn 80% JV interest •
Slide 8: Ekuti Range Project – 100% Owned
Ekuti Range Project – 100% Owned For personal use only Epithermal gold rich lodes overlying interpreted metal rich ‘Golpu style’ Cu-Au porphyry systems • Drilling of Ekoato porphyry target (EL2302) commenced February 2019 • Initial holes confirm mineralised Cu-Au porphyry system Regional interest by
Slide 9: Ekuti Range – Ekoato Target
Ekuti Range – Ekoato Target For personal use only Diamond drilling in progress: • 4 to 5 holes for up to 1,350m • Testing three target styles • ‘Bullseye’ magnetic anomaly • EK001 completed at ~300m in altered porphyry; good geology & alteration • Breccia zones below artisanal gold workings • EK002
Slide 10: Ekoato Drill Section
Ekoato Drill Section 2 For personal use only 10
Slide 11: Ekoato – Drilling Campaign
Ekoato – Drilling Campaign For personal use only Ekoato – EK001 Ekoato – EK002 • Tested bullseye magnetic anomaly • Targeted beneath mineralised breccia/artisanal gold working • Encountered encouraging alteration, including some • ~170m porphyry copper mineralisation mineralisation – peripheral to m
Slide 12: Typical Southwest Pacific Cu-Au Porphyry
Typical Southwest Pacific Cu-Au Porphyry For personal use only Ekoato Drilling Progress • EK001 appears to have tested peripheral inner/outer propylitic zone • EK002 has intersected mineralised breccia/quartz vein stockwork • EK002 appears more proximal to core of a porphyry system 12
Slide 13: Breccia Model
Breccia Model (Pollard et al, 2019 Pacrim) For personal use only Ekoato Drilling Interpretation • EK002 displays characteristics of a mineralised breccia pipe • Comparable deposit styles are noted in recent discoveries at Ok Tedi • A feature is strong zonation – upper gold zone and deeper copper zon
Slide 14: Selected Ekoato Photos
Selected Ekoato Photos For personal use only Tobias gold workings in sulphide breccia Ekoato mineralised breccia EK002 Fracture controlled chalcocite near EK003 14
Slide 15: Bismarck Project Overview
Bismarck Project Overview For personal use only Historic exploration has discovered multiple copper-gold porphyry systems in central Manus Island • Historic drilling focussed on testing of exposed northern porphyry systems • JV now assessing buried southern porphyry targets Rio Tinto Farm-in & JV Ag
Slide 16: Bismarck Project
Bismarck Project For personal use only Rio Tinto exploration to date: • Reinterpretation of historical geology, geochemistry & geophysics, including consideration of an extensive area of advanced argillic alteration (lithocap) • Airborne ZTEM survey in early 2017, plus follow-up AMT & surface sampli
Slide 17: Briggs & Mannersley Projects
Briggs & Mannersley Projects For personal use only Acquired from Rio Tinto in 2016 • Rio Tinto can ‘claw back’ a 60% JV interest (via a $15m payment to Canterbury, plus the next $50m of project funding) On the Mt Morgan (8Moz Au, 350kt Cu) trend • Outstanding regional infrastructure enhances develop
Slide 18: Briggs Deposit – Compelling Drill Targets
Briggs Deposit – Compelling Drill Targets For personal use only • 9 diamond drill holes for ~3,000m • 8 holes in Central Zone & 1 in Northern Zone • Maximum vertical depth ~300m • Central Zone Exploration Target: 45 to 165Mt at 0.4% to 0.8% copper • Drilling commencing in late May 2019 18
Slide 19: Shallow Supergene Zone / Deeper Higher Grade Core
Shallow Supergene Zone / Deeper Higher Grade Core For personal use only 19
Slide 20: Indicative Timeline
Indicative Timeline For personal use only Dec ’18 Mar ‘19 Jun ‘19 Sep ‘19 Dec ‘19 Bismarck Drilling Ekoato Drilling Briggs Drilling PNG Mapping & Sampling Vanuatu Mapping & Sampling Project Generation & JV Discussions 20
Slide 21: Summary
Summary For personal use only IPO – Emerging copper-gold company • Portfolio of very large scale Cu-Au assets in proven mineral provinces • Regional exploration experts; responsible for the discovery of Golpu • Established relationships with major resource companies (e.g. Rio Tinto, Freeport McMoran
Slide 22: Contacts
For personal use only Contacts Grant Craighead Mike Erceg Suite 108, 55 Miller St gcraighead@canterburyresources.com.au merceg@canterburyresources.com.au Pyrmont NSW 2009 +61 2 9392 8015 +61 2 9392 8020 22
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