Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Shareholder Meeting (October 2021)
22 slides from Carnaby Resources's shareholder meeting presentation, Oct 28, 2021
Slide 1: Annual General Meeting Presentation
ANNUAL GENERAL MEETING PRESENTATION October 2021
Slide 2: Statements & Disclaimers
STATEMENTS & 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 Member
Slide 3: Company Overview
COMPANY OVERVIEW Capital Structure1 • ASX Code CNB • Current Share Price $0.295 • Shares on Issue 117.9M Share Price Performance Last 12 Months • Unlisted Options on Issue 10.2M $0.62 • Market Capitalisation $34.8M $0.52 • Cash2 $5.6M $0.42 CNB • Top 20 & Management 32.3% $0.32 $0.22 Board $0.12 • P
Slide 4: Location
LOCATION LOW RISK JURISTICTION Pilbara Gold Projects Greater Duchess Copper and Gold Projects 442km2 tenements 384km2 tenements Location: Mallina Basin Pilbara Location: Mt Isa Inlier Greenfields Brownfields Throssel Gold Project Malmac Copper-Gold Project 162km2 tenements 621km2 tenements Location:
Slide 5: Strelley & Mount Grant – Mallina Basin, Pilbara WA
Strelley & Mount Grant – Mallina Basin, Pilbara WA Hemi style intrusion hosted gold mineralisation intersected in drilling • 70 km strike of underexplored ground covering 442 km2 northeast of De Grey Mining Ltd’s (ASX DEG) Hemi gold deposit, 192Mt @ 1.1g/t for 6.8Moz • High grade “Hemi style” intrus
Slide 6: Mallina Basin Aeromagnetics
Mallina Basin Aeromagnetics Numerous Hemi style intrusion targets identified • Hemi style intrusions and gold mineralisation discovered at Strelley. • Aeromagnetic surveys have identified numerous “Hemi style” Intrusion targets within Carnaby’s extensive unexplored tenure Slide 6
Slide 7: Strelley and Big Hill Gold Projects
Strelley and Big Hill Gold Projects • Newly discovered >4km long Strelley Gold Corridor encompassing the Bastion, Stockade and Alcazar Prospects. • Previously unrecognized widespread intrusions • Gold mineralization hosted within the intrusion and in sheared mafic greenstone rocks • Major structural
Slide 8: Strelley Gold Corridor: Bastion Prospect
Strelley Gold Corridor: Bastion Prospect • PLRC0043 - 2m @ 5.21 g/t Gold Including 1m @ 9.75 g/t Gold • High grade “Hemi style” intrusion hosted gold mineralisation • Prospect is wide open and undrilled for at least 1km north of drill hole PLRC0043. Results from further 4 RC holes to SW are awaited.
Slide 9: Strelley Gold Corridor: Stockade Prospect
Strelley Gold Corridor: Stockade Prospect • Wide zones of Gold mineralisation intersected in PLRC0035. Composite results include 10m @ 1.62 g/t Gold from 115m. • Results from 3 additional RC holes are pending. • Upcoming RC drilling will target ≈400m strike potential surrounding gold mineralisation
Slide 10: Strelley Gold Corridor: Alcazar Prospect
Strelley Gold Corridor: Alcazar Prospect • New RC results outlined a greater than 200m wide intrusion. • Intersected high grade gold mineralisation of 5m @ 4.83 g/t Gold from 110m in PLRC0051 on single RC drill traverse. • RC drilling planned for November targeting high grade intrusion trend along 1
Slide 11: Greater Duchess Copper Gold Project – Mount Isa Inlier
Greater Duchess Copper Gold Project – Mount Isa Inlier • The Greater Duchess Copper Gold Project encompasses over 70 km of IOCG targets north of the Tick Hill gold deposit. • Centered around the historical Duchess copper mining district. • Broad zones of copper-gold mineralisation continue to be int
Slide 12: Greater Duchess Copper Gold Project: Nil Desperandum
Greater Duchess Copper Gold Project: Nil Desperandum • First phase drilling intersected very significant widths and grade of copper-gold mineralisation up to 87 m @ 0.9% copper from 190m including 30m @ 1.8% copper, 0.3 g/t gold from 242m. • Second phase drilling continued to intersect wide zones of
Slide 13: Greater Duchess Copper Gold Project: Nil Desperandum
Greater Duchess Copper Gold Project: Nil Desperandum • Highly continuous core zone of high grade copper- gold mineralization hosted in a thick tabular (~40m true width) plunging shoot drilled over 300m down plunge and completely open at depth. Slide 13
Slide 14: Greater Duchess Copper Gold Project: Burke and Wills
Greater Duchess Copper Gold Project: Burke and Wills • Located 400m west of Lady Fanny consisting historically worked north south shear lode horizon. • 1m wide channel sample taken at northern end of deposit assayed 19% copper and 6.8 g/t gold. • First ever drill hole at Burke and Wills, BWRC001, de
Slide 15: Greater Duchess Copper Gold Project: Lady Fanny
Greater Duchess Copper Gold Project: Lady Fanny • The Lady Fanny Prospect is a historical high-grade copper-gold deposit on two relinquished mining leases which were recently amalgamated into Carnaby’s surrounding exploration licence, EMP14366. • >400m of continuous outcropping high-grade copper gol
Slide 16: Greater Duchess Copper Gold Project: Lady Fanny
Greater Duchess Copper Gold Project: Lady Fanny Slide 16
Slide 17: Greater Duchess Copper Gold Project: Mount Birnie
Greater Duchess Copper Gold Project: Mount Birnie • Multiple undeveloped copper rich IOCG deposits over a 50 km corridor • A high-grade copper-gold shoot has been defined at Mount Birnie plunging steeply west and open at depth with drill results including; MLC016 - 3 m @ 8.5% copper and 4.3 g/t gold
Slide 18: Tick Hill Open Pit Project
TICK HILL OPEN PIT PROJECT High grade gold open pit • Historical 70m deep pit at 18 g/t gold • Open Pit cutback Ore Reserves of 48,000t @ 6.53 g/t gold for 10,200 oz1 • Production Mill Feed of 63,300t @ 6.1 g/t gold for 12,500 oz1 • Forecast Pre tax cash flows of ~$15M at AISC of A$1,190/oz1 • Inclu
Slide 19: Malmac Project
MALMAC PROJECT • At the Salvation Prospect, a 6 km long copper-nickel gold anomaly has been defined by soil, rock chip and hand-held XRF. Results include; CB00065 Rock Chip 1,380 ppm copper CBXRF0030 Hand Held XRF 1,203 ppm copper CB00178 Rock Chip 489 ppm nickel • The Salvation prospect is associat
Slide 20: Well Funded and Positioned for Growth
Well Funded and Positioned for Growth Capitalising on robust gold and copper prices • Cash at Bank of $5.6M1 • Plus 5% NSR royalty from processing of Tick Hill Tailings Stockpile estimated at ~$2M at current gold prices.2 • $0.4M received YTD. • Revenue of $1.5M from Lainejaur Project sale to be rec
Slide 21: Carnaby Summary
CARNABY Summary • Significant high grade “Hemi style” intrusion and shear hosted gold mineralisation has just been intersected in first pass RC drilling along the > 4 km long Strelley Gold Corridor, 5m @ 4.83 g/t, 10m @ 1.62 g/t and 2m @ 5.21 g/t gold. Results are pending for a further 8 RC drill ho
Slide 22: Appendix One: Mineral Resource Statement
APPENDIX ONE Mineral Resource Statement • Updated Indicated and Inferred Mineral Resource Statement released 24 September 2021. • Total JORC (2012) compliant Indicated & Inferred Mineral Resources of 206,000 tonnes @ 6.72 g/t for 44,500 ounces1: Tick Hill Indicated Inferred Total Mineral tonnes g/t
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