Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Diggers & Dealers Mining Forum 2023
26 slides from Carnaby Resources's conference presentation, August 2023
Slide 1: Unlocking a Significant Australian Copper-Gold System
UNLOCKING A SIGNIFICANT AUSTRALIAN COPPER-GOLD SYSTEM Diggers & Dealers Mining Forum, August 2023
Slide 2: Statements and Disclaimers
Statements and Disclaimers Competent Persons Statement The information in this document that relates to the Tick Hill Deposit and Tick Hill ROM Stockpile Mineral Resources is based upon information compiled by Mr Paul Tan. Mr Tan is a full time employee and security holder of the Company and a Membe
Slide 3: Corporate Overview
CORPORATE OVERVIEW Developing a responsible Australian copper value chain.
Slide 4: Summary: Investment Highlights
Summary INVESTMENT HIGHLIGHTS Close to existing Supporting global demand infrastructure and world class for minerals critical to world’s mining friendly jurisdiction energy transition 3 significant copper UNCOVERING A MAJOR On track to deliver Mt gold discoveries in last COPPER-GOLD SYSTEM Hope Maid
Slide 5: Corporate Overview
Corporate Overview STRUCTURED FOR EXPLORATION SUCCESS CORPORATE STRUCTURE1 Shares on Issue 162.8M EXPERIENCED BOARD Share Price $1.18 Peter Bowler Unlisted Options 1.9M Non-Executive Chairman BROKER COVERAGE Market Cap $191M Rob Watkins Cash @ 30 June 2023 $27.3M Managing Director MAJOR SHAREHOLDERS
Slide 6: Queensland Focused Copper-Gold Explorer
Queensland Focused Copper-Gold Explorer KEY ASSETS IN PROVEN MINING HUBS + BASE METAL PROVINCES PILBARA GOLD AND GREATER DUCHESS COPPER LITHIUM PROJECTS AND GOLD PROJECTS 442km2 tenements 1,921km2 tenements MALMAC PROJECT 621km2 tenements DIGGERS AND DEALERS 2023 1 INCLUDES IN-PROGRESS DEVONCOURT PR
Slide 7: Greater Duchess Project
GREATER DUCHESS PROJECT Situated in a Tier 1 base metal district set for a copper driven revival.
Slide 8: Greater Duchess Project
Greater Duchess Project EXPLORING FOR A TIER 1 SIZED TARGET IN A WORLD CLASS MINERAL FIELD On track to achieve MRE Q3 2023 • Situated in world class copper jurisdiction with multiple mines and processing facilities including Mt Isa Smelter 70km NW Large 1,921km2 tenement package1 • 100% acquisition
Slide 9: Rio Tinto Devoncourt Project
Rio Tinto Devoncourt Project NEW JV OPENS TIER 1 SIZED TARGET AT GREATER DUCHESS1 Wimberu Prospect Highlights • A unique opportunity to explore for a Tier 1 sized target within a world class mineral field and jurisdiction. • 838 km2 of exploration tenure covering the Wimberu granite. • IOCG style in
Slide 10: Greater Duchess Copper Gold Project
Greater Duchess Copper Gold Project HIGHLY PROSPECTIVE IRON-OXIDE COPPER CORRIDOR Three significant gold discoveries in 18 months Nil Desperandum - 29 December 2021 Initial discovery targeted on IP chargeability anomaly Lady Fanny - 13 January 2022 Discovery 3km to the north of Nil Desperandum on fo
Slide 11: 40,000m Drill Campaign ~75% Complete
40,000m Drill Campaign ~75% complete RIG 1 3 RIGS CURRENTLY ON SITE AT GREATER DUCHESS1 Just Drilled MHDD112 Boomerang Lode 42m @1.7% Cu Chalcus Lode 46m @ 3.2% Cu New Lode 19m @0.9% Cu RIG 3 Just Drilled MHDD147 Boomerang Lode 72m @ 4.0% Cu Incl. 15m @ 8.6% Cu RESULTS PENDING RIG 2 Just Drilled MHD
Slide 12: Mount Hope Central (CNB:100%)
Mount Hope Central (CNB:100%) MULTIPLE NEW PARALLEL LODES BEING DISCOVERED1 Binna Burra and Chalcus Discoveries1: • 83m (TW~28m) @ 2.4% Cu from 528m Incl 36m (TW~12m) @ 4.2% Cu • pXRF 47m (TW~20m) @ 3.9% Cu from 547m Incl 40m @ 4.2% Cu DIGGERS AND DEALERS 2023 1 SEE ASX RELEASE DATED 30 MARCH 2023 A
Slide 13: Mount Hope Central: Boomerang & Binna Burra Lode Discovery
Mount Hope Central BOOMERANG & BINNA BURRA LODE DISCOVERY1 <200m strike of steeply dipping ~20m wide quartz copper sulphide vein lode quartzite breccia1 Boomerang Lode Transitional Zone • High grade core zone located in the apex of the boomerang • Chalcopyrite + Pyrite + Chalcocite (hypogene + super
Slide 14: Mount Hope Central: Chalcus Lode
Mount Hope Central CHALCUS LODE – DISCOVERED 16 MARCH 20231 Results include: • MHDD083 - 83m (TW~28m) @ 2.4% Cu, 0.3 g/t Au • Incl 36m (TW~12m) @ 4.2% Cu, 0.5g/t Au • MHDD112 – pXRF 46m (TW~20m) @ 3.2% Cu, 0.5 g/t Au • MHDD133 – pXRF 72m (TW~25m) @ 2.2% Cu • Incl 32m (TW~11m) @ 3.0% Cu • Open in all
Slide 15: Mount Hope North (CNB:100%)
Mount Hope North (CNB:100%) CONSISTENT WIDE AND HIGH-GRADE COPPER GOLD INTERSECTIONS1 Mining lease acquired April 2022, exceptional results include1: • 40m (TW~20m) @ 1.7% Cu 0.4 g/t Au, incl 17m (TW~9m) @ 3.0% Cu, 0.7 g/t Au Gap target Large unexplained IP chargeability anomaly in centre of the min
Slide 16: Mount Hope Gap Target
Mount Hope Gap Target DIGGERS AND DEALERS 2023 16
Slide 17: Nil Desperandum IOCG Discovery (CNB:82.5%)
Nil Desperandum IOCG Discovery (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 • Br
Slide 18: Lady Fanny IOCG Discovery (CNB:100%)
Lady Fanny IOCG Discovery (CNB:100%) NO RECORDED DRILLING PRIOR TO CARNABY1 Significant drill results include: • 68m @ 2.4% Cu, 0.4g/t Au from 40m • 32m @ 2.6% Cu, 0.6g/t Au from 69m • 13m @ 4.4% Cu, 0.2g/t Au from 122m • > 300m strike of high-grade core of copper gold mineralization at surface • St
Slide 19: Nil Desperandum / Lady Fanny Corridor
Nil Desperandum / Lady Fanny Corridor (CNB:82.5%) 3D IP CHARGEABILITY INVERSIONS DIGGERS AND DEALERS 2023 19
Slide 20: Nil Desperandum IOCG Corridor
Nil Desperandum IOCG Corridor GEOPHYSICS - IP WORKING EXCEPTIONALLY WELL IP Geophysics1 a highly successful targeting tool for detecting copper sulphide mineralisation. • Nil Desperandum IP chargeability anomaly drilled in December 2021 – 41m @ 4.1% copper • Lady Fanny IP chargeability anomaly over
Slide 21: 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 sha
Slide 22: Huge Exploration Upside Remains at Greater Duchess
Huge Exploration Upside Remains at Greater Duchess ON TRACK TO DELIVER A MAIDEN MINERAL RESOURCE Q3 THIS YEAR • Structurally controlled orogenic mineralisation style typical of IOCG / ISCG deposits seen in the Cloncurry area (e.g., Ernest Henry, Eloise, Osborne) • Significant regional exploration up
Slide 23: Metallurgical Results
Metallurgical Results INITIAL RESULTS FROM MOUNT HOPE, NIL DESPERANDUM AND LADY FANNY INDICATES EXTREMELY HIGH-QUALITY ORE AT ALL THREE DEPOSITS FRESH TRANSITIONAL TRANSITIONAL MINERALISATION TYPE Test work highlighted: CHALCOPYRITE CHALCOPYRITE CHALCOCITE Mount Hope COPPER RECOVERIES 97.5% to 99.3%
Slide 24: Office Contact
Office Contact 78 Churchill Avenue P +61 (0) 8 6500 3236 SUBIACO WA 6008 E info@carnabyresources.com.au
Slide 25: Strelley Gold Project (CNB: 100%)
Strelley Gold Project (CNB: 100%) MALLINA BASIN – PILBARA WA Strelley Gold Corridor • Intrusion hosted “Hemi Style” gold mineralisation intersected in drilling • 70 km strike of underexplored ground covering 442km2 just 70km NE of De Grey Mining’s (ASX: DEG) Hemi Gold Deposit ⏣ 213Mt @ 1.2g/t for 8.
Slide 26: Malmac Project (CNB:100%)
Malmac Project (CNB:100%) EARLY STAGE NEW FRONTIER PROJECT Salvation Prospect1 • 6 km long copper-nickel surface anomaly with results up to 1,380 ppm Cu • Little-known outcrop of pillow basalt, potentially equivalent to the Narracoota Volcanics in the Byrah Basin • Equivalent geological setting to C
Carnaby Resources — Diggers & Dealers Mining Forum 2023 on 6ix