Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — RIU Explorers Conference 2023
23 slides from Carnaby Resources's conference presentation, February 2023
Slide 1: RIU Explorers Conference
RIU Explorers Conference February 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: Company Overview: Capital Structure
COMPANY OVERVIEW Capital Structure ASX Code CNB Carnaby Resources Ltd Share Price Performance1 Share Price1 $1.28 $2.20 Shares on Issue 145.5M Stunning Drill Results at Major New IP $2.00 Lady Fanny 27m @ 2.8% Cu anomalies light Unlisted Options 2.8M up 3km Greater $1.80 Duchess corridor Market Cap1
Slide 4: Company Overview
COMPANY OVERVIEW OPERATING EXCLUSIVELY IN AUSTRALIA WITH MAIN PROJECTS LOCATED IN ESTABLISHED MINING REGIONS Pilbara Gold and Lithium Projects Greater Duchess Copper and Gold Projects 442km2 tenements 1,083km2 tenements Location: Mallina Basin Pilbara Location: Mt Isa Inlier Greenfields Brownfields
Slide 5: Greater Duchess Copper Gold Project
GREATER DUCHESS COPPER GOLD PROJECT Carnaby Regional Land Holding of 1,083 km2 • Located in the Mt Isa inlier and surrounded by multiple mines and copper processing facilities including the Mt Isa smelter 70km to the NW. • World class infrastructure and mining friendly jurisdiction. • Stage is set f
Slide 6: Greater Duchess Copper Gold Project
GREATER DUCHESS COPPER GOLD PROJECT Highly Prospective IOCG corridor • 3 very significant copper gold discoveries within the last 14 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 Des
Slide 7: Mount Hope Mining Lease (CNB:100%)
MOUNT HOPE MINING LEASE (CNB:100%) Strongest IP anomaly yet at Greater Duchess Project1 • Historical production 309,000t @ 1.9% Cu from very shallow un-engineered open pits maximum 30-40m deep mined from 1967 to 1973. • No public record of any historical drilling • IP surveys revealed the largest an
Slide 8: Mount Hope North Prospect (CNB:100%)
MOUNT HOPE NORTH PROSPECT (CNB:100%) Granted Mining Lease Acquired in April 2022 • Exceptional first pass results of; ➢ 75m @ 1.7% Cu, 0.2 g/t Au hosted in an intrusion ➢ 41m @ 1.8% Cu, 0.2 g/t Au ➢ 44m @ 1.4% Cu, 0.2 g/t Au 1. See ASX releases dated 7 September 2022 & 13 December 2022. Slide 8
Slide 9: Mount Hope Central Prospect (CNB:100%)
MOUNT HOPE CENTRAL PROSPECT (CNB:100%) Boundary Resolution Provides Drill Target Clarity • Qld Government’s DOR final decision regarding the boundary of the Mount Hope Mining Lease in support of Carnaby Resources. • Final Ministerial sign-off has been received and announced today (see ASX release 14
Slide 10: Mount Hope Central (CNB:100%)
MOUNT HOPE CENTRAL (CNB:100%) Exceptional wide and high-grade drill results1 • Recent results include; ➢ 60m @ 3.1% Cu, 0.4 g/t Au transitional zone chalcocite+chalcopyrite ➢ 30m @ 3.0% Cu, 0.4 g/t Au BOH transitional zone chalcocite+chalcopyrite ➢ 39m @ 5.2% Cu, 0.5g/t Au transitional zone chalcoci
Slide 11: 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
Slide 12: 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. •
Slide 13: Nil Desperandum / Lady Fanny Corridor (CNB:82.5%)
NIL DESPERANDUM / LADY FANNY CORRIDOR (CNB:82.5%) 3D IP chargeability inversions Slide 13
Slide 14: Burke & Wills IOCG Discovery (CNB:82.5%)
BURKE & WILLS IOCG DISCOVERY (CNB:82.5%) No recorded drilling prior to Carnaby1 • The Burke & Wills Prospect is located 400m west of Lady Fanny. • >260m strike of high-grade copper gold mineralisation from surface and open. 1. See ASX releases dated 9 & 20 May 2022, 17 June 2022. Slide 14
Slide 15: Nil Desperandum IOCG Corridor
NIL DESPERANDUM IOCG CORRIDOR Geophysics – IP working exceptionally well1 • IP Geophysics has proven itself to be 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
Slide 16: St Andrews Prospect (CNB 100%)
St ANDREWS PROSPECT (CNB 100%) Lady Fanny Nil Desperandum trend unexplored to south • 50m line spaced aeromagnetic survey by Nil Desperandum Carnaby in 2022 has highlighted several high priority structural targets along a potential southern extension of the Nil Desperandum IOCG corridor. • Area sout
Slide 17: Greater Duchess Copper Gold Project
GREATER DUCHESS COPPER GOLD PROJECT Carnaby Regional Land Holding of 1,083 km2 • Significant regional exploration upside along the newly defined Nil Desperandum IOCG corridor ➢ Previously untargeted and sparsely explored 75 km Magna Lynn corridor south of Nil Desperandum, including St Andrews Fault
Slide 18: Metallurgical Results
METALLURGICAL RESULTS Excellent Initial Metallurgical Results from Nil Desperandum and Lady Fanny Prospects1 Nil Desperandum Lady Fanny Copper Recoveries 97.7% to 99.1% 99.0% to 99.4% Gold Recoveries 80.1% to 87.2% 82.9% to 88.7% Kinetics (75 µm & 150µm) >90% flotation of Cu in 2 minutes >95% flotat
Slide 19: Forward Exploration & Resource Development Timeline
FORWARD EXPLORATION & RESOURCE DEVELOPMENT TIMELINE Greater Duchess Copper Gold Project (QLD) • 3 significant copper gold discoveries in the last 14 months at Nil Desperandum, Lady Fanny & Mount Hope. ➢ Maiden Mineral Resource estimate to be completed in Q2 2023. ➢ Scoping / PFS level studies to be
Slide 20: Investment Case – Why Carnaby?
INVESTMENT CASE – WHY CARNABY? • Exceptional results – Significant copper-gold discovery at Greater Duchess, Mt Isa district. • Location – Greater Duchess is in the heart of Australia’s copper industry with excellent access, infrastructure and a range of opportunities for future development. • Stron
Slide 21: Uncover more at carnabyresources.com.au
UNCOVER MORE AT CARNABYRESOURCES.COM.AU
Slide 22: Mallina Basin, Pilbara WA
MALLINA BASIN, PILBARA WA Strelley Gold Project (CNB: 100%) - intrusion hosted “Hemi Style” gold mineralisation intersected in drilling • 70 km strike of underexplored ground covering 442 km2 which is only 70 km northeast of De Grey Mining Ltd’s (ASX DEG) Hemi gold deposit, 213Mt @ 1.2g/t for 8.5Moz
Slide 23: Malmac Project (CNB: 100%)
MALMAC PROJECT (CNB: 100%) Early Stage New Frontier Project1 • Salvation Prospect - 6 km long copper-nickel surface anomaly with results up to 1,380 ppm copper. • Little-known outcrop of pillow basalt, potentially equivalent to the Narracoota Volcanics in the Byrah Basin. • Equivalent geological set