Slide 1: Retraction of Investor Presentation
17 August 2020 Company Announcements Office ASX Limited Level 40 152 – 158 St Georges Terrace PERTH WA 6000 RETRACTION OF INVESTOR PRESENTATION On 17 August 2020 Carnaby Resources Limited (the Company) released an announcement to the ASX titled “Exploration & Development Update Investor Presentation
Slide 2: Exploring for Gold in the Pilbara
EXPLORING FOR GOLD IN THE PILBARA August 2020
Slide 3: 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 4: Carnaby Investment Highlights
CARNABY INVESTMENT HIGHLIGHTS Well funded gold exploration to commence in the Pilbara, Western Australia • Exceptional Hemi style targets identified at 100% owned Strelley project in the Pilbara • 8,500 m aircore drilling contract signed and ready to commence at Strelley in early October 2020 • Firs
Slide 5: Company Overview
COMPANY OVERVIEW Capital Structure • ASX Code CNB • Current Share Price $0.18 Share Price Performance Last 18 Months • Shares on Issue 97.8M $0.20 • Unlisted Options on Issue 15.4M $0.18 • Market Capitalisation $17.6M $0.16 $0.14 • Cash1 $2.8M $0.12 $0.10 • Tailings Sale Proceeds Remaining2 $4.8M $0
Slide 6: Location
LOCATION LOW RISK JURISTICTION Strelley & Mount Grant Projects (Gold) Tick Hill Project (Copper, Gold, Cobalt) 254km2 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 7: Strelley & Mount Grant – Mallina Basin, Pilbara WA
Strelley & Mount Grant – Mallina Basin, Pilbara WA Walk up Hemi style drill targets • Strelley located at key confluence zone of Tabba Tabba and Berghaus Shear Zones, analogous to the structural setting of Hemi • 60 km strike of underexplored greenstone covering 254 km2 northeast of De Grey Mining L
Slide 8: Strelley Project – Palisade Prospect
Strelley Project – Palisade Prospect 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 the Tab
Slide 9: Strelley Project – Stockade Prospect
Strelley Project – Stockade Prospect Walk up drill targets Stockade Prospect • 3 km long Mobile Metal Ions (MMI) soil gold anomaly • Sparsely drilled on 500 m spaced sections • Results up to 1 m @ 6.6 g/t gold and 3 m @ 1.5 g/t gold Stockade Prospect Plan View Slide 8
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 • $1.25M first cash payment received • $0.25M cash payment due 15 Nov 2020 • $2.5M cash payments due upon permitting approval and commencement of stockpile removal • 5% NSR royalt
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 • Drilling to commence in the Pilbara, Western Australia on exceptional walk up drill targets in the highly sought after and emerging Mallina Basin north east of De Grey’s Hemi gold discovery • Capitalising on current record gold prices with sale of Tick Hill tailings for ~$6M and im
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,