CANNINDAH RESOURCES LIMITED — AGM Information 2016

Nov 23, 2016

==> picture [433 x 153] intentionally omitted <==

2016 Annual General Meeting ASX:CAE

Disclaimer

This presentation includes certain forward looking statements , estimates and projections with respect to the future performance of Cannindah Resources Limited. Such statements, estimates and projections reflect various assumptions concerning anticipated results, which assumptions may prove not to be correct. The projections are merely estimates by Cannindah Resources Limited of the anticipated future performance of the company based on interpretations of existing circumstances, factual information and certain assumptions of future economic conditions and results, which may prove to be incorrect. Such projections and estimates are not necessarily indicative of future performance, which may be significantly less favorable than reflected herein. Accordingly, no representations are made as to the accuracy or completeness of such statements, estimates or projections and such statements, estimates and projections should not be relied upon as a guarantee of value or future results. This presentation does not constitute an offer to subscribe for securities in Cannindah Resources Limited.

Competent Persons Statement

• The compilation and review of technical information contained in this report relating to Exploration Results and Mineral Resources at the Mount Borium, and Mt Cannindah copper-gold projects has been undertaken and supervised by Mr Laurie Johnson, non-executive director of Cannindah Resources Limited. Mr Johnson is a competent person and member of the Australian Institute of Mining and Metallurgy (AusIMM) and has relevant experience to the mineralisation, exploration results and targets and Mineral Resources being reported on to qualify as a Competent Person as defined by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Johnson consents to the inclusion of this information in the form and context in which it appears in this report.

Corporate

• ASX Code: CAE • Share Price: 1.5c • Shares on Issue: 100.1M • Market Cap.: $1.5M • Cash (maintain low cash burn): $80k (at 30 Oct)

• Board & Management

• Tom Pickett (Exec Chairman)

• John Hamilton (Non-Exec Director)

• Laurie Johnson (Non-Exec Director)

• • Geoff Missen (Non-Exec Director)

• Garry Gill (CFO & Company Secretary)

• Major Shareholders

• Aquis Finance Pty Ltd 19.9%

• J Hamilton 15.8%

• T Pickett 8.0%

• Trojan Retirement Fund 11.2%

Corporate continued

• During the year the company continued its stated objective of diversification and completing more work at the Mt Cannindah project, including reviewing the areas of interest that relate to possible gold systems, along with development of environmental management strategies which lead to fee reduction. Aquis Finance remains a supportive funding partner.

• Resource target estimates across a number of prospects within the mining lease areas and the surrounding EPMs were developed and further considered. Work on the possibility of a gold prospect near the little wonder tenement area with potentially minable width gold veining near surface also undertaken.

• The company held discussions with some interested parties throughout the year regarding the Mt Cannindah Asset.

• The board had stated its intention to diversify the company into other areas along with conducting exploration. The company entered into an agreement with Little Treasure branded infant formula in the early part of the year after some preliminary discussions with the owners.

• During the course of due diligence investigations a number of factors changed regarding the potential of the Little Treasure transaction. Based on the outcome of due diligence enquiry conducted by the company the decision was taken by the board to cease negotiations.

• The factors that were very relevant to the board were a lack of transparency from the target in relation to their China based distribution company to be included in the transaction. The regulatory uncertainty in China with respect to infant formula creating negative sentiment. Regulatory changes within Australia for ASX listed entities and reverse takeover provisions. Timing of the provision of information from the target, and the continuous extensions of time for probable deal completion.

• A number of other potential deals were reviewed during the year and some projects are presently being contemplated by the company. The usual preliminary enquiries prior to entering into any formal agreement with any vendor are being conducted but they remain incomplete and confidential at this stage and may not result in a deal progressing.

• During the year the company applied for and was granted a Research and Development tax refund in the sum of $366,456 Price Waterhouse Coopers advised the company on this application.

Corporate continued

• Mt Cannindah Project

• Mt Borium

• Renewed interest in Queensland exploration

• Board discussion continues regarding diversification deals and also remains interested in Gold, Copper, graphite, lithium and Tin within existing projects for copper and gold and targets for acquisition in other commodities

• Along with mining related deals the board will look favourably on new deals that provide access to products for large markets including the emerging middle class in China, as previously outlined this includes food, and food related infrastructure, tourism, agriculture, technology, and health.

• Board remains supportive of emerging markets within China and the opportunities that are available in trading with these and other heavily populated markets with the right product.

• Deals relating to assets that are less susceptible to regulatory hurdles within China will be viewed more favourably by the board going forward.

• We hold very good mining exploration assets in the Mt Cannindah project moving into improving market sentiment for gold and copper

Mt Cannindah project location

==> picture [177 x 9] intentionally omitted <==

----- Start of picture text -----

Cannindah Resources Ltd Dec 2014
----- End of picture text -----

Mt Cannindah Project

• Large Porphyry copper gold system

• Similarities in style to Newcrest’s Cadia and Ridgeway deposits

• 9 mining leases surrounded by 3 EPMs

• JORC 5.5mt @ 0.92%Cu

• New targets followed up confirming separate gold and copper systems

• Extensively evaluated providing improved resource target estimates

• Gold prospect reviewed throughout the year at Little Wonder more work to be completed to evaluate economics of near surface veining.

• Numerous joint venture discussions with parties both domestically and overseas

• • Preferred partnerships for this project are with parties that have existing processing facilities within an economic distance.

• Great land owner relationship

• Close to the port of Gladstone (within 100km)

• Township of Monto is 25km to the east

• Work completed on conceptual resource target estimates have identified the possibility of much larger areas of interest than has been identified by drilling.

2016 review

• The company identified an opportunity early in the year with Little Treasure with our first meeting occurring in January.

• The company moved quickly to establish an exclusive position with respect to Little Treasure at little cost

• The company enjoyed significant share price appreciation in the first half of the 2016 year on good volume

• The cessation of discussion on Little Treasure in September this year was driven by due diligence enquiry results, regulatory uncertainty and negative market sentiment in the infant formula market to China

• Board remains negative on the regulatory regime surrounding infant formula products

• Numerous deals reviewed during the year in the food and agriculture sectors

• Numerous deals reviewed during the year in mining and exploration with gold, copper and tin

• Aquis Finance remains a funding partner

• Improved market sentiment in relation to exploration for gold and copper

• Review of the gold system at Little Wonder providing potential for a small scale open-pit mining opportunity with further consideration of where to treat the ore required

• Support from major shareholders to continue with diversification strategy focussing on deals that have less exposure to regulatory uncertainty along with mining and exploration project opportunities

• Directors hold significant shareholding with aligned interests to shareholders

• The share register remains very tightly held

• Looking forward to share price appreciation in 2017 off the back of new directions for the company

Thank you

==> picture [433 x 152] intentionally omitted <==