Slide 1: RIU Explorers Conference
For personal use only RIU Explorers Conference Fremantle – 19 February 2014 ASX : ENR
Slide 2: Investment Summary
INVESTMENT SUMMARY Greenfields Copper Discovery - BM7 For personal use only • Large scale Cu system >14km long and growing Yeneena Project • $20m farm-in with Antofagasta plc (2 tenements) • Key ground position secured (>1900km2) Massive Zinc Sulphides - BM2 • High grade zinc/silver in first diamond
Slide 3: Corporate Information
CORPORATE INFORMATION Board Experienced team - former WMC For personal use only Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 132.5m Ordinary Shares Issued Capital 9.5m Employ
Slide 4: Yeneena Project
YENEENA PROJECT Major land position amongst giant mineral deposits For personal use only In 2012/13, Encounter has expanded its ground holding with earn-ins: • St Barbara Mines Ltd • Independence Group NL • Midas Resources Ltd 4
Slide 5: Historical Discoveries
HISTORICAL DISCOVERIES Telfer – 1972 For personal use only Nifty - 1980 Kintyre - 1985 5
Slide 6: Yeneena Project - Under cover exploration
YENEENA PROJECT For personal use only Under cover exploration– a new search space 6
Slide 7: Why the Paterson?
WHY THE PATERSON? 25 Sediment Hosted Copper - Giant Orebodies For personal use only Central Africa Copper Deposits Paterson Mt Isa 20 Province Endowment Endowment MT Cu (pre mined resources) 170MT Copper 2.3MT Copper 15 Is Nifty the giant of the Paterson? 10 5 *includes basement hosted deposits 0 7
Slide 8: Nifty Copper Deposit
NIFTY COPPER DEPOSIT Nifty copper sulphide mineralisation is a shallow plunging body with For personal use only the strongest mineralisation located at the keel of a synform 8
Slide 9: BM1 - BM7 Prospects
BM1 - BM7 PROSPECTS Copper mineral system 14km long and growing For personal use only BM1 Coherent zone of near surface copper oxide mineralisation 10m @ 6.8% Cu from 32m 8m @ 3.6% Cu from 18m 20m @ 2.0% Cu from 22m BM7 6 x 3km copper system still growing First joint diamond drill program intersects
Slide 10: Long Section BM1-BM7
LONG SECTION BM1-BM7 Shallow drilling defines major new Copper-Cobalt mineral system For personal use only Next slide (refer ASX announcement 27 Nov 2013) 10
Slide 11: BM7 Copper Outline
BM7 COPPER OUTLINE JAN 13 1km At the start of 2013 we had evidence For personal use only of a large mineral system at BM7 • 3km x 1km near surface copper 3km footprint • Attracted copper major Antofagasta plc to the project • Six months of activity completed under the earn-in agreement … EPT1822 - 3
Slide 12: BM7 Drilling 2013 Summary
BM7 DRILLING 2013 SUMMARY 3km BM7 mineral system significantly For personal use only extended south and east • Tripled the size of the surface copper footprint • Over 6km in strike and up to 3km in width • Generated specific new primary copper sulphide targets 6km • Extraordinary copper oxide footpr
Slide 13: BM7 Schematic Section A-A'
BM7 SCHEMATIC SECTION A-A’ Diamond drill program has confirmed depth extensive copper sulphide For personal use only mineralisation and established the high grade potential of BM7 system Nifty Sulphide Deposit (~ same scale) See Slide 8 13
Slide 14: BM7 - 2013 Milestones
BM7 – 2013 MILESTONES Tenement granted in August 2012 For personal use only Initial exploration confirmed large scale copper potential Attracted quality partner - copper major Antofagasta plc Shallow drilling outlined 6km x 3km copper system - still growing First joint diamond drilling pro
Slide 15: BM2 - Zinc Prospect
BM2 – ZINC PROSPECT Large Scale Zinc Mineral System For personal use only • High grade zinc/silver intersected in the first diamond hole into a key geological contact • 0.7m @ 36.5% zinc and 37g/t silver • Zinc regolith anomalism along this target contact extends over 2km • Up dip weathered gossan z
Slide 16: BM2 - Zinc Prospect
BM2 – ZINC PROSPECT For personal use only (refer ASX announcements 19 Nov 2013 and 13 Dec 2013) 16
Slide 17: BM2 - Zinc Prospect
BM2 – ZINC PROSPECT EIS drilling intersects massive zinc sulphide mineralisation For personal use only (refer ASX announcements 19 Nov 2013 and 13 Dec 2013) 17
Slide 18: BM2 - Zinc Prospect
BM2 – ZINC PROSPECT EIS drilling intersects massive zinc sulphide mineralisation For personal use only (refer ASX announcements 19 Nov 2013 and 13 Dec 2013) 18
Slide 19: Next Months
NEXT 6 MONTHS 2014 Mar Apr May Jun Jul For personal use only Site Mobilisation BM7 Cu (Anto earn-in) Diamond drilling Aircore/RC BM2 Zn (100%) Diamond drilling Fishhook (100%) Aircore/RC (EIS) NW Regional (ENR earn-in) VTEM Survey Stirling (ENR earn-in) Aircore/RC (EIS) 19
Slide 20: Summary
SUMMARY Yeneena – Australia’s Next Great Mineral District? For personal use only • Large scale Cu system over 14km long and growing • Massive zinc sulphides at 100% owned BM2 • Key ground position secured (>1900km2) • Major mining company funding through Antofagasta farm-in • Well funded & highly ac
Slide 21: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement For personal use only This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived fr