Canterbury Resources Limited Information

Canterbury Resources Ltd 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 Australia, Papua New Guinea and Vanuatu that are prospective for porphyry copper-gold and epithermal gold-silver 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 near-term plans include drilling programs 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, while 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. - At the Bismarck Project on Manus Island (Canterbury 40%, Rio Tinto Exploration (PNG) Ltd 60%) diamond drilling has commenced testing porphyry copper-gold targets. Bismarck is the subject of a staged Farm-In and Joint Venture Agreement with Rio Tinto Exploration (PNG) Ltd which is sole-funding $17.5 million to earn an 80% joint venture interest. - At the 100% owned Ekuti Range Project, preparations are well advanced for initial drilling of the Ekoato prospect, testing targets that display many characteristics comparable with the world-class Golpu deposit located some 60km to the north. - At Briggs (100% Canterbury, Rio Tinto Exploration Pty Limited 1% NSR) planning is well advanced for a 9-hole diamond drilling program to further assess the resource potential of the large Briggs porphyry copper system. https://www.canterburyresources.com.au/