Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (June 2023)
18 slides from Canterbury Resources's investor presentation, June 2023
Slide 1: Investor Presentation
Investor Presentation June 2023 Authorised by Grant Craighead, Managing Director Canterbury Resources Limited 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 5 June 2023, for the purpose of continuous disclosure, on the basis of information already disclosed t
Slide 3: Canterbury Resources (ASX: CBY)
Canterbury Resources (ASX: CBY) Highly leveraged copper-gold explorer, targeting Tier-1 deposits CBY holds multiple potential ‘company-maker’ assets Offers outstanding exploration leverage for investors Resources already established at three deposits Large-scale, drill ready targets across t
Slide 4: Canterbury Resources – Key Assets
Canterbury Resources – Key Assets • Briggs – CBY 100% (Alma Metals earning 70%) • Wamum – CBY 100% (Syndicate earning 70%) • Targeting resources >1Bt at 0.25% - 0.30% Cu • Targeting +200Mt at +1% Cu equivalent • H1 2023 exploration drilling; resource update • Current resources 279Mt at 0.28% Cu, 0.3
Slide 5: Capital Structure and Board and Management
Canterbury Resources (ASX: CBY) Capital Structure June 2023 Board and Management: Fully Paid Shares 144.5 million • John Anderson – Chairman • Grant Craighead – Managing Director Share Price (05/06/2023) $0.035 • Michael Erceg – Executive Director Market Capitalisation $5 million • Ross Moller – Dir
Slide 6: Briggs Copper Project (CBY 100%, Alma earning up to 70%)
Briggs Copper Project (CBY 100%, Alma earning up to 70%) Large Cu deposit in advanced exploration phase Briggs Project • Inferred Resource 142.8Mt at 0.29% Cu, plus • Exploration Target 455Mt to 850Mt at 0.2% to 0.35% Cu • Open pit, with low strip ratio • High Cu recoveries via conventional flotatio
Slide 7: Briggs – Current Assessment Activity
Briggs – Current Assessment Activity Successful 2022/23 drilling program Two deep holes (22BRD0013 & 23BRD0014) completed at the Northern Porphyry zone Assay results and visual observations are consistent with pre-drilling target concepts Sufficient data to support a resource estimate Two de
Slide 8: Briggs – 2022/23 Drilling
Briggs – 2022/23 Drilling 22BRD0013 - broad intervals of Cu mineralisation outlined at the 22BRD0015 – high grade molybdenum discovered and a major Northern Porphyry target expansion of the Briggs Central mineral resource 8
Slide 9: Papua New Guinea
Papua New Guinea Hosts world class copper & gold deposits Canterbury Resources in PNG • Ok Tedi & Lihir – Tier-1 operations • Extensive operating experience & connections • Porgera – poised to recommence gold production • Portfolio of potential Tier-1 assets generated when • Panguna (Bougainville)
Slide 10: PNG - Morobe Province
PNG - Morobe Province Strategic tenements in a mineral rich region Wamum Project (CBY 100%) – porphyry related copper-gold deposits Wamum Creek: 141.5Mt at 0.18g/t Au, 0.31% Cu (0.8Moz Au, 435kt Cu) Idzan Creek: 137.3Mt at 0.53g/t Au, 0.24% Cu (2.3Moz Au, 327kt Cu) Waits Creek: undrilled Cu-Au
Slide 11: PNG - Morobe Joint Venture
PNG - Morobe Joint Venture Syndicate Minerals holds an option to earn a Joint Venture interest Exclusive Option acquired by Syndicate Minerals JV covering Canterbury’s Morobe Province tenements Two month due diligence process in progress Key Term Sheet Features Staged earn-in joint venture:
Slide 12: Wamum Project (CBY 100%, Syndicate earning up to 70%)
Wamum Project (CBY 100%, Syndicate earning up to 70%) Idzan Creek Deposit Gold-copper porphyry system, ~20km from Wafi-Golpu Grade appears to be increasing with depth Strike extension & deep drilling proposed Wamum Creek Deposit Further assessment of shallow, higher-grade zone Regional Recon
Slide 13: Ekuti Range (CBY 100%, Syndicate earning up to 70%)
Ekuti Range (CBY 100%, Syndicate earning up to 70%) Ekoato, Otibanda & Waikanda Narrow, high-grade Au-Cu lodes plus related porphyry Cu-Au targets Limited drilling, with very encouraging results Geologically similar to lodes at the Kainantu gold mine 120km NW (ramping up to 450-500koz pa )
Slide 14: Bismarck Project (CBY 40%, Rio Tinto earning up to 80%)
Bismarck Project (CBY 40%, Rio Tinto earning up to 80%) Nanai – strong silica alteration Manus Island: large Cu-Au-Mo porphyry targets Rio Tinto – managing & sole-funding exploration Canterbury operator for field programs Chasing Rio Tinto scale deposits Targeting multiphase porphyry Cu-Au-M
Slide 15: Positive Copper Price Environment
Positive Copper Price Environment Strengthening copper demand, underpinned by global decarbonisation Copper is a superior, affordable conductor of electricity Rising demand being driven by growth in the renewable energy & electric vehicle sectors Medium-long term supply constraints Limited
Slide 16: Summary
Summary A High Leverage Copper-Gold Explorer Low market capitalisation, large-scale targets, active exploration – high leverage for investors ‘Company-maker’ opportunities available across the project portfolio High impact activities fully funded by JV partners (Rio Tinto, Alma Metals & Syndic
Slide 17: Thank you
Thank you Canterbury Resources Limited ASX: CBY Ph: +61 9392 8020 Suite 301, 55 Miller St Pyrmont NSW 2009 E: admin@canterburyresources.com.au
Slide 18: References
References • CBY 10/06/2020 “Briggs Mineral Resource Estimate” • CBY 25/11/2020 “Increased Resources at the Wamum Project” • CBY 04/07/2022 “Alma Metals Commits to the Briggs Joint Venture” • CBY 12/04/2023 “Further broad drill intersections extend porphyry copper-molybdenum mineralisation at Briggs
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