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Canterbury Resources Limited (ASX code: CBY)

Canterbury Resources Ltd is an emerging resource company focused on creating shareholder wealth by generating and exploring potential Tier-1 copper-gold projects in the southwest Pacific, and has established a strong portfolio of projects in Australia and Papua New Guinea that are prospective for porphyry related copper-gold deposits. The Company is managed by an experienced team of resource professionals, with a strong track record of exploration success and mine development in the region.

Canterbury’s exploration focus is on several advanced assets that are at the drill testing phase – the Briggs copper project in Queensland, plus the Wamum, Ekuti Range and Bismarck copper-gold projects in Papua New Guinea. Each project provides the potential for delineating large-scale copper (±gold, ±molybdenum) deposits and significant resources have already been established at the Central Porphyry Zone (Briggs), and at the Idzan Creek and Wamum Creek deposits (Wamum).

Canterbury’s strategy to generate Tier-1 projects is proving successful. The Bismarck project is being managed and sole-funded by Rio Tinto under a Farm-in and Joint Venture Agreement, and the Company is assessing potential joint venture partnerships to fund the Wamum, Ekuti Range and Briggs projects through their next phases of evaluation.

IN AUSTRALIA,

Canterbury holds the Briggs and Mannersley tenements (in which Rio Tinto holds certain back-in rights), plus the surrounding Fig Tree Hill tenement. They are located in an important porphyry belt and are prospective for large scale porphyry copper (±gold, ±molybdenum) mineralisation. At Briggs, Canterbury has broadly outlined a large, low-grade copper system (142.8Mt at 0.29% Cu), with several higher grade features.

IN PAPUA NEW GUINEA,

strategic tenements cover a mineralised corridor that includes the massive Wafi-Golpu Cu-Au deposit and the Hidden Valley Au mine. At Ekuti Range, limited historic drilling has outlined narrow, high grade Cu-Au structures distal to a series of large scale porphyry targets. At Wamum, drilling has outlined two significant Cu-Au deposits – Idzan Creek (137.3Mt at 0.53g/t Au & 0.24% Cu) and Wamum Creek (141.5Mt 0.31% Cu & 0.18g/t Au). Canterbury also holds the Bismarck project on Manus Island where Rio Tinto has earned a 60% joint venture interest. Work to date has identified a 10km long lithocap that is highly prospective for buried, large-scale porphyry copper-gold mineralisation.

IN VANUATU,

Canterbury holds a strategic portfolio covering areas with geological similarities to the Au-Ag rich Hauraki Goldfield in NZ. Agreement has been reached with New Talisman Gold Mines for the sale of these assets.

LATEST NEWS

CBY October 2021 Investor Presentation

Canterbury Resources Limited has released an Investor Presentation: Download Here

2021 Annual Financial Report

The Board of Canterbury Resources Limited is pleased to advise that the annual financial report for the period ending 30th June 2021 has been released and is available below Download Here

RaaS Research Report on Canterbury Resources

RaaS has released an updated research report on Canterbury highlighting the successful completion of a major funding package for the Briggs Copper Project: Download Here