Canterbury Resources Ltd. · ASX:CBY

Canterbury Resources — Investor Presentation (August 2023)

21 slides from Canterbury Resources's investor presentation, August 2023

  1. Slide 1: Investor Presentation August 2023

    Investor Presentation August 2023 Authorised by Grant Craighead, Managing Director Canterbury Resources Limited ASX: CBY

  2. 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 31 July 2023, for the purpose of continuous disclosure, on the basis of information already disclosed

  3. 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

  4. Slide 4: Canterbury Resources – Key Projects

    Canterbury Resources – Key Projects • Briggs – CBY 100% (Alma Metals earning 70%) • Wamum – CBY 100% (Syndicate earning 70%) • Targeting resources >1Bt at 0.20% - 0.30% Cu • Targeting >200Mt at >1% Cu equivalent • Current resource 415Mt at 0.25% Cu, 31ppm Mo • Current resources 279Mt at 0.28% Cu & 0

  5. Slide 5: Capital Structure and Board and Management

    Canterbury Resources (ASX: CBY) Capital Structure July 2023 Board and Management: Fully Paid Shares 144.5 million • John Anderson – Chairman • Grant Craighead – Managing Director Share Price (31/07/2023) $0.026 • Michael Erceg – Executive Director Market Capitalisation $4 million • Ross Moller – Dir

  6. 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 415Mt at 0.25% Cu & 31ppm Mo, plus • Exploration Target 480Mt to 880Mt at 0.2% to 0.3% Cu and 25ppm to 40ppm Mo • Open pit, with low strip ratio • High Cu recove

  7. Slide 7: Briggs – Resources Rapidly Expanding

    Briggs – Resources Rapidly Expanding Successful drilling completed…  Deep core drilling program completed in June 2023, successfully testing:  Northern porphyry target  NE & NW extensions of the Central porphyry  All holes encountered broad intervals of copper mineralisation  Higher grade molyb

  8. Slide 8: Briggs – Mineral Resource Estimate

    Briggs – Mineral Resource Estimate Resource Tonnes Cu Mo Cut-off Cu Metal Mo Metal  Mineral Resource Estimate (MRE) completed July 2023 Category (Mt) (%) (ppm) (Cu %) (Mt) (Mlb)  2x increase v’s the 2020 MRE Inferred 982.3 0.19 34 0.00 1.85 74.39 Inferred 905.5 0.20 34 0.10 1.84 67.75  Briggs now

  9. Slide 9: Australian bulk tonnage copper projects

    Australian bulk tonnage copper projects  Briggs is one of several emerging bulk tonnage copper projects under evaluation in Sources: Boda-Kaiser: Alkane release May 2022 Australia Briggs: Canterbury releases 6 & 18 July 2023 Caravel: Caravel 2022 Annual Report Eva: Harmony Gold release Oct 2022  S

  10. Slide 10: Excellent Preliminary Metallurgy Results at Briggs

    Excellent Preliminary Metallurgy Results at Briggs  Three representative types of Briggs mineralisation Concentrate Cu Grade Cu Recovery have been tested: Granodiorite  Delivered copper flotation recoveries of 92-95% Cleaner 17.6% 95.1% and concentrate grades of 17-20% copper Rougher 9.7% 95.7% 

  11. Slide 11: Examples of successful low-grade copper operations

    Examples of successful low-grade copper operations Deposit Gibralter Copper Mtn Mt Milligan Sierrita Morenci Pinto Valley Aitik Cobre Panama Sentinel Constancia Location Canada Canada Canada USA USA USA Sweden Panama Zambia Peru Owner Taseko Mines Copper Centerra Gold Freeport Freeport Capstone Boli

  12. Slide 12: 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)

  13. Slide 13: 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

  14. Slide 14: PNG - Morobe Joint Venture

    PNG - Morobe Joint Venture JV finalised with Syndicate Minerals1  Syndicate is a private, international mineral exploration group  Syndicate is also an 8% CBY shareholder  JV covers all Canterbury’s Morobe Province tenements  Multiple Cu-Au prospects at various stages of assessment  Includes si

  15. Slide 15: 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 opportunities Wamum Creek Deposit  Further assessment of shallow, higher-grade zone Regional

  16. Slide 16: 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 (Bobanda)  Limited drilling, with very encouraging results  Geologically similar to lodes at the Kainantu gold mine 120km NW (ramping up to 450-500

  17. Slide 17: 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

  18. Slide 18: 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

  19. Slide 19: 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

  20. Slide 20: 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

  21. Slide 21: References

    References • CBY 25/11/2020 “Increased Resources at the Wamum Project” • CBY 04/07/2022 “Alma Metals Commits to the Briggs Joint Venture” • CBY 31/05/2023 & 25/07/2023 “Morobe Project Joint Venture” • CBY 06/07/2023 “Updated Briggs Resource exceeds 1Mt contained copper” • CBY 18/07/2023 “Briggs Soil

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