Slide 1: RIU Explorers Conference
RIU Explorers Conference Fremantle, WA 15-17 February 2022 Exceptional leverage to Tier 1 copper exploration ASX: ENR
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement 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 from third parties and
Slide 3: The Encounter business model
PROJECT GENERATOR MODEL Progress project pipeline with a mix of alliances, joint ventures and sole funding TIER 1 TARGETS Project generation and exploration targeting copper dominant The discoveries in world-class mineral belts Encounter HIGH QUALITY PARTNERS Partner with leading mid-tier and major
Slide 4: Transformational year for Encounter – Copper Focus
Transformational year for Encounter – Copper Focus 2019-2020 January 2021 May 2021 First mover camp-scale copper IOCG style copper-gold-REE in Earn-in agreement and JV at position secured across multiple drilling at Aileron – West Arunta, WA Elliott Copper – Northern Territory projects – Northern Te
Slide 5: A premier copper exploration portfolio
A premier copper exploration portfolio Early mover positions in world-class minerals belts attracting Tier 1 partners Paterson Province – WA Sandover Cu-Au System 25km NW of Telfer and new approach in a known Cu-Co district Elliott ▪ Lamil Copper-Gold (ENR 100%) Northern Territory Copper ▪ Yeneena C
Slide 6: Large scale copper exploration
Large scale copper exploration Attractive demand side dynamics for copper: ▪ Significant increase in production required to support the global megatrends of vehicle electrification and decarbonisation ▪ Greater focus on sustainability supports the development of new, modern mining operations in high
Slide 7: Encounter at a glance
Encounter at a glance Creating value through project generation and discovery Capital structure Share price – 12 months ASX ticker ENR $0.40 6000000 Share price (14/02/2022) $0.145 5000000 Shares on issue 317M $0.30 4000000 Options 18M $0.20 3000000 Market capitalisation ~$46M 2000000 Cash (31/12/21
Slide 8: Paterson Province, Western Australia
Paterson Province, Western Australia: New large scale copper- gold discoveries 8
Slide 9: Copper-gold system established at Lamil
Copper-gold system established at Lamil ▪ 100% ENR – located 25km NW of Telfer ▪ Diamond drill program completed in Sept 2021 contained: — multiple, stacked, narrow copper- gold reefs (grading 1-2 g/t Au & 1- 2% Cu) in a mineralised prospective host package that is >200m thick from 134m depth — high
Slide 10: Drilling results point to potential large copper-gold system
Drilling results point to potential large copper-gold system High grade copper intersections rare outside of Winu & Havieron Altered & veined siltstone with quartz carbonate-pyrite with chalcopyrite veining ~280.5m in ETG0243 • 0.23m @ 4.70g/t Au & 1.54% Cu Semi-massive pyrite – chalcocite mineralis
Slide 11: Yeneena Copper-Cobalt
Yeneena Copper-Cobalt ▪ Paterson Province is a proven mineral region with a consistent history of discoveries ▪ ~1,450km² of the Paterson Province ▪ IGO can sole fund $15 million in exploration expenditure over a maximum seven years to earn a 70% interest ▪ IGO collecting belt-scale high-quality pri
Slide 12: Northern Territory: The next hot spot for copper in Australia
Northern Territory: The next hot spot for copper in Australia 12
Slide 13: Northern Territory: the next hot spot for copper in Australia
Northern Territory: the next hot spot for copper in Australia ▪ Highly prospective, vastly underexplored region under shallow cover ▪ Located between the major copper-gold producing districts of Mt Isa and Tennant Creek ▪ Transformational investment in pre- competitive data by Geoscience Australia (
Slide 14: Elliott Copper Project
Elliott Copper Project ▪ BHP (ASX:BHP) earn-in and joint venture agreement covering the 7,200km2 Elliott Copper Project ▪ BHP may earn up to a 75% interest in Elliott by spending up to $25 million over 10 years ▪ Compelling exploration opportunity in the vastly underexplored Greater McArthur Superba
Slide 15: NTGS Core Library, Darwin
Core Library, Darwin GaLIWI1 S39uNOSae 491Un03US a
Slide 16: Jessica and Carrara: Copper near surface and at depth
Jessica and Carrara: Copper near surface and at depth Jessica Carrara Century Mine Copper Carbonate (Malachite) 0-3m from RN28419 – chemical assay 1.5% Cu 1 Chalcopyrite contained in a calcareous shale unit within NDI Carrara1 ~1,617m 4 Drill hole NDIBK04 pyrite- Crosswinds Copper Prospect - chalcop
Slide 17: Sandover Copper Project
Sandover Copper Project Outcropping malachite outlines potential major mineral system ▪ 170km north-east of Alice Springs ▪ High grade copper (up to 20.9% Cu) at four separate areas over 6km of strike ▪ Zambian copper belt analogous – rare to find in an Australian setting 5km 17 NTGS Kruse et al, 20
Slide 18: Sandover Copper Project
Sandover Copper Project High grade copper assays over 6km in Zambian copper belt setting SA0000011 selected sample of surface scree Sandover 5.5% Cu (Area 2) 18
Slide 19: West Arunta, Western Australia
West Arunta, Western Australia: The next major copper exploration focus in WA Rare earths potential 19
Slide 20: West Arunta: IOCG & REE targets in an unexplored region
▪ 1,300km² West Arunta province of WA ▪ First diamond drill hole to a depth of 158m (EAL001) intersected a distinctive IOCG geochemical signature ▪ IOCG mineralisation often has a strong density contrast (Olympic Dam, Prominent Hill) meaning gravity surveys could provide drill targets and a West Aru
Slide 21: West Arunta: Aileron IOCG - REE Project
West Arunta: Aileron IOCG - REE Project One of the most prospective regions for IOCG deposits in Australia ▪ Gravity surveying and surface geochemical sampling in Nov 2021: — upgraded the Aileron IOCG targets — established rare earth element (“REE”) potential ▪ Highly elevated total rare earth oxide
Slide 22: Upcoming activity
Upcoming activity ▪ Lamil Copper-Gold Project (100% ENR) Gravity survey followed by diamond drilling ▪ Aileron IOCG-REE Project - West Arunta (100% ENR) Future work likely to include surface sampling, ground IP and diamond drilling ▪ Sandover Copper Project – NT (100% ENR) Sampling of the copper min
Slide 23: Foundations established for major copper exploration drive
Foundations established for major copper exploration drive Major new copper discoveries required to meet burgeoning demand - constrained supply Sediment-hosted copper systems are a high grade and large deposit style Central Australia has the right geology for sediment- hosted and IOCG copper deposit