Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Shareholder Meeting (November 2023)
26 slides from Carnaby Resources's shareholder meeting presentation, November 2023
Slide 1: Unlocking a Significant Australian Copper-Gold Discovery
UNLOCKING A SIGNIFICANT AUSTRALIAN COPPER-GOLD DISCOVERY Annual General Meeting, November 2023
Slide 2: Statements and Disclaimers
Statements and Disclaimers Competent Persons Statement The information in this document that relates to all exploration results is based upon information compiled by Mr Robert Watkins. Mr Watkins is a Director and shareholder of the Company and a Member of the AusIMM. Mr Watkins consents to the incl
Slide 3: Corporate Overview
CORPORATE OVERVIEW Advancing a modern Australian copper development company
Slide 4: Snapshot
Snapshot HIGHLIGHTS 3 significant copper Quality and high grade gold discoveries in last 315kt CuEq tonne Maiden two years Mineral Resource has been delivered in 2023 UNCOVERING A MAJOR Supporting global demand NEW COPPER-GOLD Exploration continues with for minerals critical to world’s two drill rig
Slide 5: Corporate Overview
Corporate Overview STRUCTURED FOR EXPLORATION SUCCESS CORPORATE STRUCTURE1 Shares on Issue 162.8M EXPERIENCED BOARD Share Price $0.76 Peter Bowler Unlisted Options 1.9M Non-Executive Chairman BROKER COVERAGE Market Cap $124M Rob Watkins Cash @ 30 September 2023 $21.5M Managing Director MAJOR SHAREHO
Slide 6: Queensland Focused Copper-Gold-Lithium Explorer
Queensland Focused Copper-Gold-Lithium Explorer KEY ASSETS IN PROVEN MINING HUBS + BASE METAL PROVINCES PILBARA GOLD AND GREATER DUCHESS COPPER LITHIUM PROJECTS AND GOLD PROJECTS 442 km2 tenements 1,921 km2 tenements MALMAC COPPER AND LITHIUM PROJECT 621 km2 tenements ANNUAL GENERAL MEETING 2023 1 I
Slide 7: Greater Duchess Project
GREATER DUCHESS PROJECT Situated in a Tier 1 base metal district destined for a copper driven revival.
Slide 8: Greater Duchess Project
Greater Duchess Project EXPLORING FOR QUALITY TARGETS IN A WORLD CLASS MINERAL FIELD Large 1,921 km2 tenement package1 • Centrally located within the Mount Isa Inlier a world class mining jurisdiction with multiple mines and processing facilities including Mt Isa Smelter 70 km NW. • Surrounded by pr
Slide 9: Greater Duchess Copper Gold Project
Greater Duchess Copper Gold Project HIGHLY PROSPECTIVE IRON-OXIDE COPPER CORRIDOR Three significant gold discoveries in last two years Nil Desperandum - 29 December 2021 Initial discovery targeted on IP chargeability anomaly. Lady Fanny - 13 January 2022 Discovery 3 km to the north of Nil Desperandu
Slide 10: Maiden Interim Mineral Resource
Greater Duchess Copper Gold Project MAIDEN INTERIM MINERAL RESOURCE1 Greater Duchess Copper Gold Project October 2023 Mineral Resource Inventory High grade and quality 315kt CuEq Inventory 0.5% CuEq2 Cut-off for Pit Potential, 1.0% CuEq2 for Underground Potential Tonnes Cu Au CuEq Cu Au CuEq Deposit
Slide 11: Mount Hope Central (CNB:100%)
Mount Hope Central (CNB:100%) AN EXCEPTIONAL IOCG DEPOSIT1 • Excellent metallurgy – historically mined for quartz flux for the Mount Isa smelter in the 1960’s – early 1970’s. • Lodes have lengths of 200m to 300m, are 20m to 30m thick and defined over dip lengths exceeding 500m. • Completely open at
Slide 12: Metallurgical Results
Metallurgical Results EXTREMELY HIGH-QUALITY ORE AT ALL THREE DEPOSITS MOUNT HOPE, NIL DESPERANDUM AND LADY FANNY FRESH TRANSITIONAL TRANSITIONAL MINERALISATION TYPE Test work highlighted: CHALCOPYRITE CHALCOPYRITE CHALCOCITE Mount Hope COPPER RECOVERIES 97.5% to 99.3% 97.4% to 99.2% 91.6% to 93.8%
Slide 13: Scoping Study Underway
Greater Duchess Copper Gold Project SCOPING STUDY UNDERWAY Targeting completion by Q1 2024 Aims; • Evaluate all potential future scenarios for mine development and process route options, including standalone development to utilising third party processing facilities as a low Capex start up including
Slide 14: Exploration - 44,000m Drilling Completed YTD
Exploration - 44,000m Drilling Completed YTD Most Recent Results 2 RIGS CURRENTLY ON SITE AT GREATER DUCHESS1 Boomerang Lode MHDD176 116m (TW~39m) @ 2.1% Cu, 0.3g/t Au Incl. 61m (TW~20m) @ 3.3% Cu, 0.6g/t Au Most Recent Results Chalcus Lode MHDD133W3 54m (TW~15m) @ 2.4% Cu, 0.7g/t Au Incl. 34m (TW~9
Slide 15: Boomerang & Binna Burra
BOOMERANG & BINNA BURRA MOUNT HOPE CENTRAL 200m strike, steeply dipping and 20m wide quartz copper sulphide vein lode breccia1 Boomerang Lode Transitional Zone • High grade core zone located in the apex of the boomerang • Chalcopyrite + Pyrite + Chalcocite (hypogene + supergene?) • Open below deepes
Slide 16: Chalcus Lode
CHALCUS LODE MOUNT HOPE CENTRAL1 Chalcus Lode is blind to surface and only discovered in March 2023 • Discovery hole MHDD083 - 36m (TW~12m) @ 4.2% Cu, 0.5g/t Au • Completely open down plunge below and up dip • Recent results include: • MHDD133W3 – 54m (TW~15m) @ 2.4% Cu, 0.7 g/t Au • MHDD133W2 – 50m
Slide 17: Mount Hope (CNB:100%)
Mount Hope (CNB:100%) HIGH POTENTIAL FOR ADDITIONAL DISCOVERIES1 Focus to date has been on the initial discoveries at Mount Hope Central and North and extending those at depth • Quartz lodes occur in different orientations and require detailed structural understanding for drill hole targeting. • Geo
Slide 18: Lady Fanny (CNB:82.5-100%)
Lady Fanny (CNB:82.5-100%) NO RECORDED DRILLING PRIOR TO CARNABY1 Significant recent drill results include: • LFRC212 23m (TW~11m) @ 3.3% Cu, 0.2g/t Au including 13m (TW~6m) @ 5.3% Cu, 0.3g/t Au • Open down plunge to the North • LFRC255 4m (TW~2m) @ 6.9% Cu, 3.0g/t Au • Open down plunge to the North
Slide 19: Nil Desperandum (CNB:82.5%)
Nil Desperandum (CNB:82.5%) IP GEOPHYSICS AND GEOLOGY LED DISCOVERY1 Discovery hole NLDD044: • 41m @ 4.1% copper, 0.5 g/t gold from 247m Subsequent results include: • 31m @ 3.9% Cu, 1.0 g/t Au from 313m, • 26m @ 2.4% Cu, 0.3 g/t Au from 381m, • 24m @ 5.0% Cu, 1.3 g/t Au from 313m • Breccia shoot so
Slide 20: Southern IOCG Corridor (CNB:100%)
Southern IOCG Corridor (CNB:100%) NIL DESPERANDUM TREND UNEXPLORED TO SOUTH1 • 50m line spaced aeromagnetic survey in 2022 highlighted several high priority structural targets along a potential southern extension of the Nil Desperandum IOCG corridor. • Area is essentially unexplored and masked by sh
Slide 21: Huge Exploration Upside Remains at Greater Duchess
Huge Exploration Upside Remains at Greater Duchess • Structurally controlled orogenic mineralisation style typical of IOCG / ISCG deposits seen in the Cloncurry area (e.g., Ernest Henry, Eloise, Osborne). • Western tenure - Significant regional exploration upside along the newly defined 75 km Nil De
Slide 22: Rio Tinto Devoncourt Project
Rio Tinto Devoncourt Project NEW JV OPENS TIER 1 SIZED TARGET AT GREATER DUCHESS1 Wimberu Prospect • Carnaby has completed detailed review of data and drill core including specialist structural analysis and has identified several high priority stand-alone targets. • A maiden drill program will comme
Slide 23: Strelley Gold & Lithium Project (CNB: 80-100%)
Strelley Gold & Lithium Project (CNB: 80-100%) MALLINA BASIN – PILBARA WA Strelley Gold Corridor • 70 km NE of De Grey Mining’s (ASX: DEG) Hemi Gold Deposit 236Mt @ 1.3g/t for 9.5Moz1 • Intrusion hosted “Hemi Style” gold mineralisation intersected in drilling at Strelley inc. 7m @ 2.8g/t Au inc 2m
Slide 24: Malmac Project (CNB:100%)
Malmac Project (CNB:100%) COPPER AND LITHIUM ANOMALIES Salvation Copper Prospect Discovery • 3 km long by 1 km wide zone of highly anomalous copper in rock chip and soil geochemistry. • Maximum rock chip results: • 1.2% Cu pXRF • 0.6% Cu Assay • Little-known outcrop of pillow basalt, potentially equ
Slide 25: Office Contact
Office Contact 78 Churchill Avenue P +61 (0) 8 6500 3236 SUBIACO WA 6008 E info@carnabyresources.com.au
Slide 26: Appendix
Appendix 1 Carnaby Resources Limited Greater Duchess Copper Project - Cu Equivalent Cut-off1 Mineral Resource Inventory as at 27 October 2023 Indicated Inferred Total COG Deposit CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq % Mt % g/t % t oz t Mt % g/t % t oz t Mt % g/t % t
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