Carnaby Resources Ltd. · ASX:CNB
Carnaby Resources — Noosa Mining Investor Conference 2024
23 slides from Carnaby Resources's conference presentation, July 2024
Slide 1: Growing Copper-Gold Discovery with Tier 1 Infrastructure
GROWING COPPER-GOLD DISCOVERY WITH TIER 1 INFRASTRUCTURE Noosa Mining Investor Conference, July 2024 PHOTO OF COSTEAN OUTCROP SAMPLE FROM MOHAWK
Slide 2: Statements and Disclaimers
Statements and Disclaimers Competent Persons Statement The information in this document that relates to all exploration results is based upon information compiled by Mr Robert Watkins. Mr Watkins is a Director and shareholder of the Company and a Member of the AusIMM. Mr Watkins consents to the incl
Slide 3: Corporate Overview
CORPORATE OVERVIEW A new Australian copper gold company
Slide 4: Corporate Overview: Structured for Exploration Success
Corporate Overview STRUCTURED FOR EXPLORATION SUCCESS CORPORATE STRUCTURE1 BROKER COVERAGE Shares on Issue 171.9M Share Price $0.53 Unlisted Options 4.4M SHARE PRICE PERFORMANCE1 Market Cap $90.3M Cash @ 31 March 2024 $16.6M $2.50 Lady Fanny MAJOR SHAREHOLDERS2 Discovery $2.00 Chalcus Lode Greater D
Slide 5: Queensland Focused Copper-Gold-Lithium Explorer
Queensland Focused Copper-Gold-Lithium Explorer KEY ASSETS IN PROVEN MINING HUBS + BASE METAL PROVINCES PILBARA GOLD AND GREATER DUCHESS COPPER LITHIUM PROJECTS AND GOLD PROJECTS 442 km2 tenements 1,921 km2 tenements MALMAC COPPER AND LITHIUM PROJECT 621 km2 tenements NOOSA MINING INVESTOR CONFERENC
Slide 6: Mount Isa Copper
Mount Isa Copper INFLECTION POINT Opportunities • Mount Isa copper mill and concentrator becoming materially underutilised in the next two years. • Major Government support initiatives to keep the Mount Isa mill producing. • $5B Copper String project to connect QLD east coast to the NW Mineral Provi
Slide 7: Greater Duchess Project
Greater Duchess Project SURROUNDED BY TIER 1 INFRASTRUCTURE Large 1,921 km2 tenement package1 Unused Rail Loop • 70km SE of Mount Isa From 1960’s • Tier 1 Infrastructure Concentrate Rail Loop • Main Railway passes within Rom Pad 1km of the deposits • Gas pipeline within 3 km of Nil Myubee Siding Des
Slide 8: Exploration
EXPLORATION 315,000kt CuEq discovered by Carnaby at the Greater Duchess Project in the last 2.5 years PHOTO OF COSTEAN FROM MOHAWK
Slide 9: Greater Duchess Copper Gold Project
Greater Duchess Copper Gold Project HIGH POTENTION FOR MINERAL RESOURCE GROWTH New Discovery Potential Consolidated Mount Hope region has huge potential for additional satellite discoveries. Scoping Study Highlights optionality for low capex ($35M) start up and longer term stand alone potential. Mai
Slide 10: Mount Hope (CNB 51-100%)
Mount Hope (CNB 51-100%) HIGH POTENTIAL FOR ADDITIONAL DISCOVERIES1 Focus to date has been on the initial discoveries at Mount Hope and extending those at depth • Consolidation of tenure around the Mount Hope mining lease allows for optimal development and exploration of the camp scale IOCG minerali
Slide 11: Mount Hope Region (CNB 51-100%)
Mount Hope Region (CNB 51-100%) HIGH POTENTIAL FOR ADDITIONAL DISCOVERIES1 Jude UNDRILLED Mohawk UNDRILLED Deejay UNDRILLED The Plus UNDRILLED NOOSA MINING INVESTOR CONFERENCE 2024 11 1 SEE ASX RELEASES DATED 4 JULY 2024
Slide 12: Nil Desperandum Region (CNB:82.5%)
Nil Desperandum Region (CNB:82.5%) HIGH POTENTIAL FOR ADDITIONAL DISCOVERIES1 Nil Desperandum • 4.3Mt @ 1.3% Cu, 0.2g/t Au open to SW • High grade Breccia Pipe 0.7Mt @ 3.3% Cu, 0.5g/t Au New Nil Secundo • UNDRILLED, 2km SW of Nil Desperandum • 1km x 1km soil anomaly • Coincident with mapped breccia,
Slide 13: Magna Lynn Southern Corridor (CNB:100%)
Magna Lynn Southern Corridor (CNB:100%)1 • Structural and stratigraphic corridor that stretches over 75 km of strike SW of Nil Desperandum IOCG discovery • Interpreted southern continuation of the Mount Hope to Nil Desperadum IOCG corridor • Virtually unexplored with no historic drilling or soil sam
Slide 14: Rio Tinto Devoncourt Project Farm-in
Rio Tinto Devoncourt Project Farm-in VERY ENCOURAGING SIGNS FROM MAIDEN DRILLING PROGRAM1 Wimberu Prospect • Maiden diamond drill program in progress and has intersected highly encouraging breccia style mineralisation in WBDD003 (results pending). • The new 17m downhole breccia and vein zone is comp
Slide 15: Development
DEVELOPMENT Optionality to develop a low Capex start up or Standalone project PHOTO OF COSTEAN FROM MOHAWK
Slide 16: Greater Duchess Scoping Study Results
Greater Duchess Copper Gold Project SCOPING STUDY RESULTS1 • Low ~A$35M Pre-production Capex Third Party Processing development optionality. • Predicting fast payback with high IRR and consistent operational cash flows. • Conservative Optimisation and Design pricing assumptions using A$12,000t (Spot
Slide 17: Greater Duchess Scoping Study Results
Greater Duchess Copper Gold Project SCOPING STUDY RESULTS1 • 9-year target 7.5Mt @ 1.9% CuEq, 140,000t CuEq. Annual Estimated Mining Production of CuEq Metal by Mining Source 30,000 3 • 3-year open pit average: 1.1Mt @ 1.7% CuEq, 19,000t pa 25,000 2.5 • 6-year underground average: 0.7Mt @ 2.1% CuEq,
Slide 18: Greater Duchess Scoping Study: Low Capex Direct Rail Haulage Option
Greater Duchess Scoping Study LOW CAPEX DIRECT RAIL HAULAGE OPTION1 • Low Estimated Pre-Production Capex: ~A$35M • A$15M – Ore loadout crusher rail siding facility, road works • A$13M – Camp, Admin, Mining Infrastructure • A$7M - Contingencies • Estimated A$12/t ore rail haulage cost. 1 REFER TO ASX
Slide 19: Greater Duchess Copper Gold Project: Forward Plan
Greater Duchess Copper Gold Project FORWARD PLAN • Continued exploration highly anticipated to F Y '2 4 F Y '2 5 F Y '2 6 F Y '2 7 F Y '2 8 F Y '2 9 F Y '3 0 Wo rk P ro gra m H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 grow the mineral resource base, with two drill E xplo ra t io n D rilling rigs currently
Slide 20: Office Contact
Office Contact 78 Churchill Avenue P +61 (0) 8 6500 3236 SUBIACO WA 6008 E info@carnabyresources.com.au
Slide 21: Appendix: Greater Duchess Mineral Resource Inventory
Appendix 1 Carnaby Resources Limited Greater Duchess Copper Project - Cu Equivalent Cut-off1 Mineral Resource Inventory as at 27 October 2023 Indicated Inferred Total COG Deposit CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq Cu Au CuEq % Mt % g/t % t oz t Mt % g/t % t oz t Mt % g/t % t
Slide 22: Strelley Gold & Lithium Project (CNB: 80-100%)
Strelley Gold & Lithium Project (CNB: 80-100%) MALLINA BASIN – PILBARA WA Strelley Gold Corridor • 70 km NE of De Grey Mining’s (ASX: DEG) Hemi Gold Deposit ❖ 236Mt @ 1.3g/t for 9.5Moz1 • Intrusion hosted “Hemi Style” gold mineralisation intersected in drilling at Strelley inc. 7m @ 2.8g/t Au inc 2m
Slide 23: Malmac Project (CNB:100%)
Malmac Project (CNB:100%) COPPER AND LITHIUM ANOMALIES Salvation Copper Prospect Discovery • 3 km long by 1 km wide zone of highly anomalous copper in rock chip and soil geochemistry. • Maximum rock chip results: • 1.2% Cu pXRF • 0.6% Cu Assay • Little-known outcrop of pillow basalt, potentially equ
Carnaby Resources — Noosa Mining Investor Conference 2024 on 6ix