Providing exposure to potential Tier-1 mineral assets

Canterbury Resources

Investor Centre

Welcome to the Canterbury Resources investor centre. Here you will find the latest ASX announcements, news, reports and share information.

CBY Price: $ 0.230 0.000 0.000%

INTRODUCTION

Canterbury Resources Limited (ASX: CBY) was formed in 2011, with the aim of generating exploration opportunities for gold and copper in the southwest Pacific region, in a cost-effective and responsible manner. A strong portfolio has been established in Papua New Guinea, Australia and Vanuatu, and is being steadily advanced in partnership with industry leading groups.

Near-term drilling programs are in progress or planned at three of its more advanced assets – the Briggs porphyry copper project in Queensland, plus the Ekoato and Bismarck porphyry copper-gold projects in Papua New Guinea. Each program provides the potential for the discovery and/or delineation of a large-scale copper (±gold) resource.

The 100% owned Briggs and Ekoato prospects are being managed and funded by Canterbury, whilst the Bismarck Project is currently being managed and sole-funded by Rio Tinto Exploration (PNG) Limited as part of a Farm-In and Joint Venture Agreement.

PROJECT OVERVIEW

In PNG, Canterbury holds three projects; Ekuti Range and Ipi River on the mainland, and Bismarck on Manus Island.

PNG is renowned for its abundant mineral wealth, including world-class copper and gold assets. The country’s unique geology largely results from its position on the interactive plate tectonic boundary between the cratonic Indo-Australian plate to the south and the oceanic Pacific Plate to the north. Since the Cretaceous, uplift and deformation have occurred due to the collision between these plates.

On mainland PNG, which hosts the Ekuti Range and Ipi River projects, porphyry and epithermal style mineralisation occurs associated with two spatially and temporally distinct magmatic arcs. The early Maramuni arc (mid-Miocene age) was active in the northern part of mainland PNG and deposits such as Freida River and Yandera are associated with this arc. A significantly younger arc is associated with high-level intrusions and extrusive volcanism in central and southern PNG, and the Ok Tedi, Porgera, Wafi-Golpu, Hidden Valley and Tolukuma deposits are associated with this arc.

 

In Australia Canterbury holds 100% of the Briggs (EPM 19198) and Mannersley (EPM 18504) projects, which are prospective for large scale porphyry copper (± gold, ± molybdenum) mineralisation. The projects were acquired from Rio Tinto Exploration Pty Ltd in February 2017 and Rio Tinto retains a 1% net smelter royalty (NSR), plus certain claw back rights in the event of a major discovery.

The two tenements are located inland from Gladstone, about 10km apart, at the southern end of the northwest-southeast trending Mt Morgan structural belt. The high-grade Mt Morgan mine produced around 8Moz of gold and 350,000t of copper before its closure in 1989. The potential to delineate an economic project in this region is enhanced by its accessibility to critical infrastructure, including power, transport, industrial services and skilled labour.

In Vanuatu Canterbury holds 100% of two Prospecting Licence’s on Malekula (PL’s 1836 and 1837) and one on Santo (PL 1851), plus four PL applications on Malekula and Espiritu Santo. Sporadic exploration in Vanuatu has encountered widespread epithermal gold-silver and porphyry copper-gold mineralisation, and Canterbury’s tenements and applications cover many of the key historical prospects.

STRATEGY

Canterbury Resources aims to create shareholder value by generating, exploring and monetising potential Tier-1 copper-gold projects in the southwest Pacific. To maintain a cost-effective exploration program and ensure rapid project development, the Company has maintained a 100% ownership of the Briggs and Ekoato prospects, which are being managed and funded by Canterbury, whilst the Bismarck Project is currently being managed and sole-funded by Rio Tinto Exploration (PNG) Limited as part of a Farm-In and Joint Venture Agreement.

By entering into Farm-In and Joint Venture Agreements with Rio Tinto Exploration, Canterbury Resources has been able to accelerate project development and manage risk, whilst still providing significant exploration opportunities for shareholders.

PRESENTATION

Canterbury Resources Limited has released an investor presentation covering its current activities and plans: Download here

IN THE MEDIA

Canterbury holds its breath ahead of Queensland copper assays

Canterbury holds its breath ahead of Queensland copper assays and Strandline’s big WA minteral sands project on track to secure funding from the Government’s Northern Australia Infrastructure Facility.

Canterbury’s odds of a big discovery are good with Rio Tinto in its
corner

Special Report: Copper and gold explorer Canterbury Resources Limited has mining heavyweight Rio Tinto in its corner and is headed by a team that is no stranger to making big discoveries.

Canterbury sniffing out copper porphyry

NEWLY-listed Canterbury Resources hit a three-week high today after the company confirmed its Ekoato drilling program in Papua New Guinea had intersected a broad zone of porphyry-style copper mineralisation, before the drilling was terminated within mineralisation at 256m due to downhole issues.

Thick copper zone uncovered at Canterbury Resources’ Ekoato prospect in PNG

Canterbury Resources (ASX: CBY) has uncovered a broad copper zone at the Ekoato prospect, which is part of the company’s wholly-owned Ekuti Range project in Papua New Guinea.

IPO Watch: Explorer Canterbury at the starting line for its ASX debut in 2019

Copper and gold explorer Canterbury Resources looks like it will be one of the first resources players to make its ASX debut in 2019.

OUR TEAM

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. Combining technical, operational, corporate and legal expertise in the metal and mineral exploration, finance and development, the Canterbury team aims to create shareholder value, whilst maintaining strong corporate governance.

John Anderson
Chairman

  • John has over 40 years’ experience in the finance sector in banking, investment banking and general consulting, and in the mining sector in Australia and Chile.
  • He has held positions of Managing Director or Chairman of several public and private companies in Australia, and as a Director of mining companies in Chile.
  • Holds extensive experience in general financing and capital raisings, developing and implementing business plans for new and existing entities, and taking companies from IPO through to operations.
  • John was Chairman of Anchor Resources Ltd from IPO through to its sale to Chinese interests.
  • Among other previous positions, John was also Managing Director of an Australian publicly listed mining company and was responsible for turning around its unprofitable operations and implementation of mining and operating plans.

Grant Craighead
Managing Director

  • Grant is a geologist with 40 years’ experience in the exploration, mining and financial sectors, including 8 years as Chief Geologist with Elders Resources NZFP Ltd and five years as an Associate Director at Macquarie Bank.
  • During his period with Elders he was associated with exploration and development successes including Red Dome, Selwyn, Wafi-Golpu, Glendell, Narama and Kidston.
  • He was a co-founder of Anchor Resources Ltd and its Managing Director at the time of its sale to Chinese interests in 2011.
  • Grant is also a co-founder and executive director of Breakaway Investment Group, a financial company that provides funds management, private equity and research services in the resource sector.

Michael Erceg
Exploration Manager

  • Michael is a geologist with over 35 years’ experience in mineral exploration, mine development and operations in New Zealand, Australia, Papua New Guinea, Vanuatu, Philippines and China.
  • He is a specialist in southwest Pacific porphyry copper-gold and epithermal gold-silver systems, and has a strong understanding of their geological, geochemical, geophysical and alteration footprints.
  • Extensive experience in managing remote area reconnaissance and advanced exploration programs, including an ability to readily adapt to culturally diverse environments and work effectively with local professional staff.
  • During his career he has made significant direct contribution to the discovery and/or delineation of the Red Dome (Qld), Northwest Mungana (Qld), Wafi-Golpu (PNG), OK Tedi (PNG), New Holland underground (WA) and Murrawombie / Larsens / Northeast (NSW) ore bodies.

Gary Fallon
Director

  • Gary is a geophysicist with more than 30 years of mineral and coal exploration experience.
  • Holds a Directorship and is a principal consultant to Geophysical Resources and Services, a geophysical contracting and consulting company.
  • He has been involved in extensive precious, base metal and coal exploration and mining projects, focusing on the application of geophysical techniques to operating mines.
  • He has worked for Scintrex Consulting, Whim Creek Consolidated, Dominion Mining and MIM Exploration, providing exposure to mining via both open cut and underground operations.
  • He was a co-founder of Anchor Resources Ltd and a Director at the time of its sale to Chinese interests in 2011.

Ross Moller
Director & Company Secretary

  • Ross is a Chartered Accountant and Chartered Secretary and is principal of the consulting firm, Rahui Resources.
  • Ross brings 30 years of experience in providing corporate advisory and secretarial services to a range of listed and unlisted companies.
  • Held the role of Company Secretary for ASX listed junior explorer, Anchor Resources Ltd, through its IPO to its eventual sale to Chinese interests.

Véronique Morgan-Smith
Company Secretary and Legal Counsel

  • Véronique has the combined experience of an Australian solicitor and a French avocat d’affaires and has practiced in major French and Australian law firms (in particular Ernst & Young Legal in Paris and Gadens Lawyers in Sydney).
  • Specialising in corporate law, mergers and acquisitions and joint ventures, before setting up the Sydney branch of the niche law firm Oceanie Lawyers.
  • Over the last fifteen years, she has advised multi-national companies and smaller businesses from set-up through to domestic and cross-border transactions in various legal systems.
  • Her experience encompasses a wide range of clients covering exploration / mining companies, construction, transport, automotive, energy and various services providers.

Wanu Tamu
PNG Country Manager

  • Wanu Tamu is a PNG National geologist with around 35 years’ mineral exploration experience in the SW Pacific region, particularly Papua New Guinea.
  • He has been involved in a full range of exploration field activities including design, management and implementation of field programs, plus government and landowner liaison. He was also a member of the Elders Resources NZFP Ltd exploration team during the drilling of the discovery hole at the Golpu deposit.

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