Canterbury Resources Ltd. · ASX:CBY
Canterbury Resources — Investor Presentation (September 2019)
18 slides from Canterbury Resources's investor presentation, Sep 20, 2019
Slide 1: Investor Presentation September 2019
For personal use only ASX:CBY INVESTOR PRESENTATION BD019-001 Drill Site September 2019 Briggs Copper Project Queensland “Creating shareholder value by generating, exploring and monetising potential Tier-1 Cu-Au projects in proven mineral belts”
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement For personal use only 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 17 September 2019, for the purpose of continuous disclosure, on the basis of inf
Slide 3: Investment Highlights
Investment Highlights For personal use only • SW Pacific region hosts multiple Tier-1 Cu-Au assets • e.g. Grasberg, OK Tedi, Bougainville, Lihir, Wafi-Golpu, Porgera, Cadia • Canterbury’s key personnel are regional exploration experts • Strong track record of exploration success • Discovery drilling
Slide 4: Company Overview
Company Overview For personal use only Canterbury Resources Limited is an emerging resource company focused on creating shareholder wealth by generating, exploring and monetising potential Tier-1 copper-gold projects in the southwest Pacific, and has established a strong portfolio of projects in Aus
Slide 5: Board and Management
For personal use only Non-executive Chairman John Anderson Managing Director Grant Craighead Executive Director Michael Erceg Non-executive Directors Gary Fallon Ross Moller Company Secretaries Ross Moller Véronique Morgan-Smith PNG Country Manager Wanu Tamu Grant Craighead & Mike Erceg at Quartz St
Slide 6: Project Overview
Project Overview For personal use only PNG – Potential Tier-1 Assets in Well-Endowed Regions • Bismarck JV (CBY 40%, RTX 60%) – porphyry Cu-Au systems on Manus Is • Rio Tinto sole-funding drilling of large scale Cu-Au targets • RTX currently re-prioritising targets for the next drilling phase • Ekut
Slide 7: High Impact Drilling Activity
High Impact Drilling Activity For personal use only 2019-2020 Drilling Target Comments Bismarck • Drilling large geophysical targets, supported by • Discovery of Golpu or Lepanto • Rio Tinto has earned a 60% JV interest (PNG) some surface geochemistry style system • Rio Tinto now sole-funding $12.5m
Slide 8: SE Queensland Projects - CBY 100%
SE Queensland Projects - CBY 100% For personal use only Briggs & Mannersley Acquired from Rio Tinto in 2016 • RTX holds a 1% NSR and can ‘claw back’ a 60% JV interest (via a $15m payment to Canterbury, plus sole- funding $50m) On the Mt Morgan (8Moz Au, 350kt Cu) trend • Outstanding regional infrast
Slide 9: Briggs Deposit – Drill Program
Briggs Deposit – Drill Program For personal use only • Shallow historic drilling outlined three broad Cu porphyry zones over a strike length of ~2km • Canterbury is testing an Exploration Target (to ~300m depth) at the Central Porphyry Zone: • 45Mt to 165Mt at 0.4% to 0.8% copper • Drilling commence
Slide 10: Ekuti Range Project – CBY 100%
Ekuti Range Project – CBY 100% For personal use only Epithermal Au lodes overlying Cu-Au porphyry systems • Historical drilling tested high grade lodes at Otibanda e.g. • OTI-003 2.2m at 16.6g/t Au, 2.0% Cu • OTI-006 2.5m at 15.3g/t Au, 0.3% Cu & 0.8m at 25.6g/t Au, 0.4% Cu • CBY scout drilling at E
Slide 11: Ekuti Range – Ekoato Prospect, EL2302
Ekuti Range – Ekoato Prospect, EL2302 For personal use only Scout Drilling Completed in mid-2019: • 4 holes for ~1,200m • Multiple target styles tested • Additional targets to be tested in 2020 • ‘Bullseye’ magnetic anomaly • EK001 encountered the propylitic zone peripheral to an intrusive • Breccia
Slide 12: Schematic Geological Model of Ekoato Prospect
Schematic Geological Model of Ekoato Prospect For personal use only Ekoato Scout Drilling Program • Recent drilling tested a zone of mineralised hydrothermal breccia overlying an interpreted intrusive (porphyry) • Significant recent Cu-Au discoveries are noted at Ok Tedi in a comparable setting • A
Slide 13: Yalua – A New Copper Prospect
Yalua – A New Copper Prospect For personal use only • Located in the southern portion of Canterbury’s 100% owned Ekuti Range tenements • A significant copper-molybdenum anomaly, including: • A central dioritic intrusion mapped over 500m • Quartz-sulphide (pyrite and chalcopyrite) vein stockwork in s
Slide 14: Bismarck Project Overview
Bismarck Project Overview For personal use only Historic exploration discovered multiple copper-gold porphyry systems in central Manus Island • Past drilling has focussed on testing of exposed northern porphyry systems • The Bismarck JV is now also assessing buried southern porphyry targets Rio Tint
Slide 15: Bismarck Project
Bismarck Project For personal use only Rio Tinto Exploration to Date: • Reinterpretation of historical exploration, including consideration of an extensive area of advanced argillic alteration (lithocap) • Airborne ZTEM survey in early 2017, plus follow-up AMT & surface sampling • major geophysical
Slide 16: Indicative Timeline
Indicative Timeline For personal use only Jun ’19 Sep ‘19 Dec ‘19 Mar ‘20 Jun ‘20 Bismarck Drilling Ekoato Drilling PNG Mapping & Sampling Briggs Drilling Briggs Resource Estimate Vanuatu Mapping & Sampling Scout Drilling at Yalua and/or Tafuse 16
Slide 17: Summary
Summary For personal use only An emerging copper-gold company • Canterbury was formed in 2011 and started trading on ASX on 7th March 2019 • Portfolio of large scale Cu-Au and Au-Ag prospects in proven mineral provinces • Regional exploration experts, responsible for the discovery of Golpu High impa
Slide 18: Contacts
For personal use only Contacts Grant Craighead – Managing Director Mike Erceg – Exploration Director Suite 108, 55 Miller St gcraighead@canterburyresources.com.au merceg@canterburyresources.com.au Pyrmont NSW 2009 +61 2 9392 8020 +61 2 9392 8020 18
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