Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (March 2022)
22 slides from Canterbury Resources's investor presentation, Mar 17, 2022
Slide 1: Investor Presentation March 2022
For personal use only Investor Presentation March 2022 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 14 March 2022, for the purpose of continuous disclosure, on the basis of information already disclosed
Slide 3: Canterbury Resources
Canterbury Resources For personal use only Exploring the SW Pacific for major Cu-Au deposits 7.0Moz Gold equivalent1 at Wamum $1/oz (EV/oz Au eq)2 Adjoins the major Wafi-Golpu project 414kt Copper resources at Briggs Funded by Alma Metals Major drilling program set to commence Tier-1 Copper-Gold Tar
Slide 4: Canterbury Resources Limited Capital Structure
Canterbury Resources Limited ASX: CBY For personal use only Capital Structure March 2022 • Exploring eastern Australia & PNG for Cu-Au deposits Fully Paid Shares 123.2 million • Significant Mineral Resources outlined at three deposits (contained metal of 1.2Mt copper & 3.2Moz Share Price (14/03/2022
Slide 5: 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 5
Slide 6: Introduction
Introduction For personal use only Canterbury Resources - A high leverage copper-gold explorer • Exploring potential Tier-1 Cu-Au projects in eastern Australia & PNG, including: • Briggs (Qld) - funded by Alma Metals (ASX: ALM) – major drilling program poised to commence • Wamum (PNG) – large Cu-Au
Slide 7: Briggs Copper Project (CBY 100%)
Briggs Copper Project (CBY 100%) For personal use only Briggs Project (Rio Tinto 1.5% NSR in Briggs & Mannersley) • 142.8Mt at 0.29% Cu (414kt Cu) delineated at the Central Porphyry in 2020 • Amenable to open cut extraction • High Cu recoveries achievable via flotation • Outstanding regional infrast
Slide 8: Briggs Project – ALM Transaction
Briggs Project – ALM Transaction For personal use only Alma Metals Limited (ASX: ALM) Agreement • Covers Briggs, Mannersley & Fig Tree Hill tenements • ALM has the right to spend $16m to earn 70% interest Option Phase • ALM funding $750,000 of exploration, to earn the right to commence a staged Earn
Slide 9: Briggs – 2021 Field Program
Briggs – 2021 Field Program For personal use only Briggs 2021 RC drilling program • 12 holes completed (1,446m), testing: • contact zones and quartz rich features • Northern & Southern porphyries • Results confirm extensive Cu mineralisation up to 750m along strike from the Briggs mineral resource (
Slide 10: Briggs – 2021 Selected RC Drill Results
Briggs – 2021 Selected RC Drill Results For personal use only Prospect Drill Hole From (m) To (m) Interval (m) Cu % Mo ppm Northern Porphyry 21BRC0006 30.0 42.0 12.0 0.38 19 21BRC0008 26.0 67.0 41.0 0.17 47 including 48.0 67.0 19.0 0.27* 38 21BRC0010 8.0 52.0 44.0 0.31* 13 including 22.0 52.0 30.0 0
Slide 11: Briggs – Oblique Section, Central Porphyry
Briggs – Oblique Section, Central Porphyry For personal use only 11
Slide 12: Briggs – Oblique Section, Northern Porphyry
Briggs – Oblique Section, Northern Porphyry For personal use only 12
Slide 13: Briggs – 2022 Exploration Program
Briggs – 2022 Exploration Program For personal use only • Complete the grid-based soil sampling program by end March • expand the surface geochemical dataset around the Briggs porphyry deposit • data to inform the design and selection of 2022 drill targets • Formal decision by Alma Metals on the Ear
Slide 14: Peenam – Copper-Gold Project (CBY 100%)
Peenam – Copper-Gold Project (CBY 100%) For personal use only EPM27756 (Peenam) recently granted • 150km northwest of Brisbane An under-explored project • Historic regional exploration focused on gold • shallow drilling hit encouraging Cu-Au mineralisation e.g. PEE01 - 48m at 0.22% Cu & 0.23g/t Au •
Slide 15: Bismarck Project (CBY 40%)
Bismarck Project (CBY 40%) For personal use only Manus Island - large buried Cu-Au porphyry systems • Rio Tinto sole-funding exploration under an Earn-in & JV • Large-scale Cu-Au targets generated, beneath extensive advanced argillic alteration lithocap • Initial drilling suspended in 2019 after exp
Slide 16: PNG Morobe Province
PNG Morobe Province For personal use only Strategic tenements in a major mineral district Lae - industrial hub and PNG’s largest cargo port; good access to CBY projects Wafi-Golpu Project (Newcrest & Harmony 50/50 JV) • 27Moz Au, 9Mt Cu in resources, incl 11Moz Au, 5Mt Cu in reserves Hidden Valley G
Slide 17: Wamum – EL2658 (CBY 100%)
Wamum – EL2658 (CBY 100%) For personal use only • Significant Cu-Au deposits broadly 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 involvement in the district and were responsib
Slide 18: Wamum Project – Selected Schematic Sections
Wamum Project – Selected Schematic Sections For personal use only 18
Slide 19: Wamum Project: Strategic proximity to Wafi-Golpu
Wamum Project For personal use only Strategic proximity to Wafi-Golpu Wamum Project – CBY 100% • covers several outcropping deposits & prospects • 3.2Moz Au & 762kt Cu outlined at Idzan Creek & Wamum Creek • both deposits have potential open cut components • assessing development potential of a stan
Slide 20: 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 • further surface s
Slide 21: Summary: A High Leverage Copper-Gold Explorer
Summary For personal use only A High Leverage Copper-Gold Explorer • Generating & exploring potential Tier-1 Cu-Au opportunities in the SW Pacific • joint venture partnerships being utilised to fund major drilling programs • successful drilling completed at the Briggs & Ekoato Projects • Mineral Res
Slide 22: 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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