Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Shareholder Meeting (October 2020)
16 slides from Carnaby Resources's shareholder meeting presentation, October 2020
Slide 1: Annual General Meeting Presentation
ANNUAL GENERAL MEETING PRESENTATION October 2020
Slide 2: Statements & Disclaimers
STATEMENTS & 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 Member
Slide 3: Carnaby Highlights
CARNABY HIGHLIGHTS Well funded gold exploration commenced in the Pilbara, Western Australia • Exceptional Hemi style targets identified at Carnaby’s Mallina Basin projects in the Pilbara • Initial 8,500 m aircore drilling underway and 3,500 m RC drilling program to commence mid November • Land holdi
Slide 4: Company Overview
COMPANY OVERVIEW Capital Structure • ASX Code CNB • Current Share Price $0.54 • Shares on Issue 113.7M Share Price Performance Last 12 Months • Unlisted Options on Issue 15.1M $0.62 • Market Capitalisation $56.70M $0.52 $0.42 • Cash1 $8.9M $0.32 • Incoming Proceeds Remaining2 $3.6M $0.22 • Top 20 &
Slide 5: Location
LOCATION LOW RISK JURISTICTION Strelley & Mount Grant Projects (Gold) Tick Hill Project (Copper, Gold, Cobalt) 394km2 tenements 326km2 tenements Location: Mallina Basin Pilbara Location: Mt Isa Inlier Greenfields Brownfields Throssel Project (Gold) Malmac Project (Gold, Copper, Lead, Zinc, 162km2 te
Slide 6: Strelley & Mount Grant – Mallina Basin, Pilbara WA
Strelley & Mount Grant – Mallina Basin, Pilbara WA Walk up Hemi style drill targets • 70 km strike of underexplored ground covering 394 km2 northeast of De Grey Mining Ltd’s (ASX DEG) Hemi gold discovery • Strelley located at key confluence zone of Tabba Tabba and Berghaus Shear Zones, analogous to
Slide 7: Mallina Basin Aeromagnetics
Mallina Basin Aeromagnetics Hemi style intrusion targets • High resolution aeromagnetic surveys completed at Strelley and Mount Grant in September • Aeromagnetic surveys have identified several “Hemi style” Intrusion targets • Additional land holdings secured at the Pardoo license targeting several
Slide 8: Strelley Project – aircore program underway
Strelley Project – 400 hole aircore program underway Walk up drill targets • Initial 8,500m aircore drilling program on nominal 320 m x 80 and 640m x 80 m spacing commenced on 15 October • Strelley project located at a major confluence of the Berghaus and Tabba Tabba Shears Zones considered to be a
Slide 9: Strelley – Palisade & Gibraltar Prospects
Strelley – Palisade & Gibraltar Prospects Dormant and overlooked since last drilled during GFC in 2008 • Palisade target, 300 – 500 m wide Bottom of Hole (BOH) RAB gold anomaly open in all directions with potential association with late intrusive • Gibraltar target, > 2 km long gold anomaly along th
Slide 10: Tick Hill Tailings Stockpile Sale
TICK HILL TAILINGS STOCKPILE SALE Capitalising in on current gold prices • Sale of Tick Hill Tailings Stockpile for $6M1 • $2.75M first cash payments received • $1.25M to be received 30 days after commencement of reclamation of the stockpiles • 5% NSR royalty estimated at ~$2M at current gold prices
Slide 11: Tick Hill Open Pit Project
TICK HILL OPEN PIT PROJECT High grade gold open pit • Historical 70m deep pit at 18 g/t gold • Open Pit cutback Ore Reserves of 48,000t @ 6.53 g/t gold for 10,200 oz1 • Production Mill Feed of 63,300t @ 6.1 g/t gold for 12,500 oz1 • Forecast Pre tax cash flows of ~$18M at AISC of A$1,190/oz1 • Inclu
Slide 12: Tick Hill – Gold Exploration
TICK HILL – Gold Exploration FAULT OFFSET TARGET • One of the highest grade and most profitable gold orebodies ever mined in Australia, faulted off at only 235m below surface • Tick Hill Produced 511,000 ozs gold @ 22.5 g/t gold from surface to only 235 m below surface • Last hole drilled by Carnaby
Slide 13: Tick Hill Copper Project
Nil Desperandum TICK HILL COPPER PROJECT 1 km Copper Gold workings 19m @ 2.3% Cu & 0.56 g/t Au • Multiple undeveloped copper rich IOCG deposits 6m @ 5.2% Cu & 0.84 g/t Au Duchess over a 50 km corridor Historical • High grade and shallow copper mineralisation was production intersected at Mount Birni
Slide 14: Carnaby Summary
CARNABY Summary • 12,000 m of drilling commenced on 15 October in the Pilbara, Western Australia on exceptional walk up drill targets in the highly sought after and emerging Mallina Basin north east of Degrey’s Hemi gold discovery • Strategic and growing landholding in the Mallina Basin where a pipe
Slide 15: Appendix One – Ore Reserve Statement
APPENDIX ONE Ore Reserve Statement • Maiden gold Ore Reserve announced 5 June 2020 comprising at surface Tailings Dam and Historical ROM Pad Stockpile Ore Reserves of 410,900 tonnes at 1.35 g/t for 17,800 ounces1 and Open Pit Ore Reserves of 48,600 tonnes @ 6.53 g/t for 10,200 ounces • Total JORC (2
Slide 16: Appendix Two – Mineral Resource Statement
APPENDIX TWO Mineral Resource Statement • Updated Indicated and Inferred Mineral Resource Statement released in January 2020 and updated June 20201+2 • Resulting in the addition of 215,000 tonnes @ 6.55 g/t for 45,300 ounces to the existing Tailings Dam Resource of 630,000 tonnes at 1.08 g/t for 21,
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