Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Shareholder Meeting (November 2022)
16 slides from Canterbury Resources's shareholder meeting presentation, Nov 25, 2022
Slide 1: Annual General Meeting 2022
For personal use only Annual General Meeting 2022 25th November 2022
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 24 November 2022, for the purpose of continuous disclosure, on the basis of information already disclo
Slide 3: Canterbury Resources
Canterbury Resources For personal use only • Exploring the SW Pacific for potential tier-1 Cu-Au deposits - CBY provides shareholders with outstanding leverage to: • potential exploration success in current active programs • a positive copper price outlook • improving interest & activity in the PNG
Slide 4: Canterbury Resources Limited Capital Structure November 2022
Canterbury Resources Limited ASX: CBY For personal use only Capital Structure November 2022 • Exploring eastern Australia & PNG for Cu-Au deposits Fully Paid Shares 134.0 million • Large Mineral Resources outlined at three deposits Share Price (24/11/2022) $0.039 (contained metal of 1.2Mt copper & 3
Slide 5: Positive Copper Price Environment
Positive Copper Price Environment For personal use only • Strong copper demand growth outlook, underpinned by global decarbonisation • Copper is a superior, affordable conductor of electricity • Rising demand driven by renewable energy, electric vehicles • Medium-long term supply constraints • Limit
Slide 6: Briggs Copper Project (CBY 100%, ALM JV)
Briggs Copper Project (CBY 100%, ALM JV) For personal use only Briggs Project (Rio Tinto 1.5% NSR in Briggs & Mannersley) • Inferred Resource of 142.8Mt at 0.29% Cu at Briggs Central • Significant open pit component; indicative low strip ratio • High Cu recoveries achieved in flotation testwork • Ex
Slide 7: Briggs – Large Exploration Targets
Briggs – Large Exploration Targets For personal use only Target Exploration Target Ranges Northern Porphyry 110Mt - 205Mt at 0.20% to 0.35% Cu Briggs Central 260Mt - 490Mt at 0.20% to 0.35% Cu Southern Porphyry 85Mt - 155Mt at 0.20% to 0.35% Cu Total 455Mt - 850Mt at 0.20% to 0.35% Cu • Exploration
Slide 8: Briggs – Exploration Framework
Briggs – Exploration Framework For personal use only Geological Setting • Granodiorite porphyry stock (GDP) intrudes volcanoclastic sediments, with a zone of hornfels at the contact. 22BRD0014 • The GDP is pervasively altered to potassic style (biotite – k-feldspar) overprinted by phyllic (sericite)
Slide 9: Briggs – 2022 Drilling Program
Briggs – 2022 Drilling Program For personal use only Briggs drilling in progress • Six deep core drillholes planned (~3,000m), testing: • the validity of the Exploration Targets at the Northern and Central area, and • potential NW extensions of the Inferred Resource at Briggs Central • Resource upgr
Slide 10: Briggs – 2022 Drilling Progress
Briggs – 2022 Drilling Progress For personal use only • 22BRD0013 completed, testing the southern portion of the Northern Porphyry target • Drilled to a downhole depth of 449.5m • Visual observations are consistent with pre- drilling Exploration Targets • Predominantly volcanic sediments, intruded b
Slide 11: 22BRD0013 – Selected Drill Core
22BRD0013 – Selected Drill Core For personal use only Left - coarse chalcopyrite associated with quartz vein at 86m Right – coarse chalcopyrite and pyrite associated with quartz vein at 122m (refer CBY ASX release 24 November 2022) Left - coarse chalcopyrite and pyrite vein hosted in volcanic rocks
Slide 12: Bismarck Project (CBY 40%)
Bismarck Project (CBY 40%) For personal use only Manus Island: large Cu-Au porphyry targets • Rio Tinto sole-funding exploration via Earn-in & JV • Targeting concealed porphyry Cu-Au mineralisation proximal to advanced argillic alteration lithocap • Rio has reviewed historical geochemistry, mineralo
Slide 13: Bismarck Project (CBY 40%)
Bismarck Project (CBY 40%) For personal use only • Canterbury currently the project operator • Mapping & sampling crews on site - nearing completion of a 3-month program • Field observations consistent with target concepts • New & historical data to be integrated to optimise design of potential futu
Slide 14: PNG Morobe Province
PNG Morobe Province For personal use only Strategic tenements in a major mineral district Wamum Project (CBY 100%) – significant porphyry related deposits • Idzan Creek: 137.3Mt at 0.53g/t Au & 0.24% Cu (2.3Moz Au & 327kt Cu) • Wamum Creek: 141.5Mt at 0.18g/t Au & 0.31% Cu (0.8Moz Au & 435kt Cu) • M
Slide 15: Summary
Summary For personal use only A High Leverage Copper-Gold Explorer • A combination of low market capitalisation & active exploration programs, provides outstanding upside potential for investors • Strong fundamental drivers for copper demand & pricing • High impact exploration activities are being f
Slide 16: Thank You
For personal use only Thank You Ph: +61 9392 8020 E: info@canterburyresources.com.au Suite 301, 55 Miller St Pyrmont NSW 2009
Canterbury Resources — Shareholder Meeting (November 2022) on 6ix