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Canterbury Resources Limited (ASX code: CBY)

Canterbury Resources Ltd is an emerging resource company focused on generating and exploring potential Tier-1 copper-gold projects in the southwest Pacific. It has a strong portfolio of projects in Australia and Papua New Guinea that are prospective for porphyry related copper-gold deposits, with significant resources already established at Briggs (Queensland) and Idzan Creek & Wamum Creek (PNG).

The Company is managed by an experienced team of resource professionals, with a strong track record of exploration success in the region. Partnerships are utilised as projects transition into the drilling phase, with joint venture agreements currently in place at Briggs (Alma Metals sole-funding), Bismarck (Rio Tinto sole-funding) and Morobe (Syndicate Minerals sole-funding).

IN AUSTRALIA,

Canterbury holds the Briggs and Mannersley tenements (Rio Tinto 1.5% NSR), plus the surrounding Fig Tree Hill tenement. This region is prospective for large scale porphyry copper (±gold, ±molybdenum) mineralisation. At Briggs, a large, low-grade copper-molybdenum system (415Mt at 0.25% Cu) has been outlined. Ongoing assessment is  expanding and enhancing this resource, to inform completion of a Scoping Study in late-2024.

The Company also has the Peenam Project covering a sparsely tested Cu-Au porphyry system, with substantial untested potential.

IN PAPUA NEW GUINEA,

strategic tenements are held in a region that includes the massive Wafi-Golpu Cu-Au deposit and the Hidden Valley Au mine. At the Wamum Project two significant Cu-Au deposits have been broadly outlined – Idzan Creek (137.3Mt at 0.53g/t Au & 0.24% Cu) and Wamum Creek (141.5Mt 0.31% Cu & 0.18g/t Au), and an undrilled target has been identified nearby at Waits Creek. At the Ekuti Range Project drilling has outlined narrow, high-grade Cu-Au structures distal to larger scale porphyry targets.

Canterbury also holds the Bismarck Project on Manus Island which is considered prospective for concealed porphyry Cu-Au mineralisation adjacent to or below extensive zones of lithocap. A major drilling program is being undertaken at the Willie Headwaters and Ndokowai prospects in mid-2024.

LATEST NEWS

Briggs 2024 Drilling Program

Canterbury is poised to resume drilling at the large-scale Briggs copper project in Queensland, targeting further delineation of higher-grade zones within the existing mineral resource.Download here

Quarterly Activities & Cashflow Report March 2024

The Board of Canterbury Resources Limited has released its Quarterly Activities & Cashflow Report for the period ending 31 March 2024. Download here.

Corporate Presentation April 2024

Canterbury has released an updated corporate presentation. Download here