Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2017)
20 slides from Encounter Resources's shareholder meeting presentation, Nov 30, 2017
Slide 1: New Gold Discoveries in a Prolific District
ASX : ENR New Gold Discoveries in a Prolific District Annual General Meeting - 30 November 2017
Slide 2: Disclaimer & Compliance Statement
DISCLAIMER 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 though Encounter has no
Slide 3: Encounter at a Glance
ENCOUNTER AT A GLANCE Making New Gold Discoveries near the 30 million Oz Telfer Deposit, Advancing Tier 1 Project Pipeline in WA Company Capital structure Snapshot Location map ASX ticker ENR Share price (29/11/2017) A$0.095 Shares on issue 192M Options and performance rights 13.2M Market capitalisa
Slide 4: Scale Opportunities in a First World Jurisdiction
SCALE OPPORTUNITES IN A FIRST WORLD JURISDICTION Telfer Region Gold Project Generation Alliance with Newcrest Yeneena - Copper-Cobalt New discoveries in the shadow of the Large landholdings in a prospective Targeting leverage to Tier 1 deposits Telfer headframe structural setting > East Thomson’s Do
Slide 5: Fundamentally Driven Exploration Strategy
FUNDAMENTALLY DRIVEN EXPLORATION STRATEGY ❖ Utilising modern technology in known mineral provinces to generate superior shareholder returns Encounter ❖ Why we have Exploration Strategy focused on the Paterson Province? ❖ Proven fertility to produce major deposits ❖ Large outcropping discoveries made
Slide 6: Gold
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Slide 7: Targeting Mineralised Domes in the Shadow of a Giant
TARGETING MINERALISED DOMES IN THE SHADOW OF A GIANT Schematic of the 30 million Oz Telfer Deposit Prospective for Telfer style gold-copper Targeting Mineralised Domes north-west of Telfer ❖ mineralisation contained within: Telfer Member ❖ High grade stratabound reefs Siltstones (East Thomson’s Dome
Slide 8: Shallow High Grade Gold Reefs at East Thomson's Dome
SHALLOW HIGH GRADE GOLD REEFS AT EAST THOMSON’S DOME ❖ 5km north-west of Telfer New High Grade Gold Reefs Discovered near 30 million Oz Giant ❖ Historical exploration (1980’s-90’s) includes 438 holes: average depth 28m, only 10 holes >100m ❖ Historical high grade gold reefs including: ❖ 4m @ 29 g/t
Slide 9: +2km Soil Geochem Anomaly - Significant Scale Potential
+2KM SOIL GEOCHEM ANOMALY - SIGNIFICANT SCALE POTENTIAL ❖ Widespread coarse gold identified Coarse gold recovered from East Thomson’s Dome project in June 2017 across the East Thomson’s Dome associated with multiple known gold bearing reefs ❖ New targets where surface gold nuggets have been identifi
Slide 10: East Thomson's Drill Program Recently Completed
EAST THOMSON’S DRILL PROGRAM RECENTLY COMPLETED RC/Aircore Drill Program October/November 2017 ❖ Discovered near surface gold reefs that remain open including: First Drill Program - East Thomson’s Takes Shape 45 Reef ❖ 2m @ 26g/t Au from 178m, part of 6m @ 9g/t Au from 178m Fold Closure Reef ❖ 2.9m
Slide 11: New Gold Discovery at Telfer West
NEW GOLD DISCOVERY AT TELFER WEST ❖ Acquired in 2014 based on structural setting New Gold Discovery at Telfer West ❖ Newmont shallow drilling in the 1980s: ❖ 17 diamond holes completed between 1986 and 1991 (average Next Slide depth ~100m) ❖ Numerous holes finished in gold – copper anomalism ❖ Dome
Slide 12: New Data Generating High Value Targets to Increase Scale
NEW DATA GENERATING HIGH VALUE TARGETS TO INCREASE SCALE ❖ Tenement granted in Aug 2016 Active ❖ Exploration Magnetic survey completedProgram Generating High Value Targets ❖ Two diamond holes completed Dec 2016 drilled 4km apart - both well mineralised ❖ Broad spaced (~400m x 200m) RC program in Apr
Slide 13: Thick Stockwork Zone at Telfer West – Egg Prospect
THICK STOCKWORK ZONE AT TELFER WEST – EGG PROSPECT ❖ Broad, depth extensive, zone of stockwork style gold mineralisation: ❖ 38.6m @ 1.0g/t Au from 333m (incl. 4.2m @ 3.2g/t Au from 333.5m) and ❖ 36m @ 0.6g/t Au from 396m (incl. 3.2m @ 3.3g/t Au from 415.2m) ❖ Thick mineralised package discovered may
Slide 14: Newly Identified Stockwork Zone at Telfer West
NEWLY IDENTIFIED STOCKWORK ZONE AT TELFER WEST ❖ 800m SE along strike from Egg SecondETG0067 ❖ Gold Stock-Work pre-collar 36m @ 0.4g/t Zone Discovered Au from 124m ❖ ETG0068 pre-collar intersected a wide zone of gold mineralisation 30m at 1.1g/t Au from 96m incl. 2m @ 5.0g/t Au from 108m ❖ RC drilli
Slide 15: Encounter – Newcrest Project Generation Alliance
ENCOUNTER – NEWCREST PROJECT GENERATION ALLIANCE ❖ Project generation alliance with Australia’s largest gold mining company, Newcrest Mining Limited (ASX:NCM) ❖ Newcrest will fund Encounter up to A$500,000 over the next 12 months to generate new ‘camp scale’ exploration opportunities in northern WA
Slide 16: Copper Cobalt
COPPER COBALT 16
Slide 17: 70km Copper-Cobalt Corridor South of Nifty
70KM COPPER-COBALT CORRIDOR SOUTH OF NIFTY ❖ Proterozoic aged, sediment hosted deposits in the Central African Copperbelt are one of the world’s largest sources of copper and the world’s largest source of cobalt ❖ Similar age and geological setting has been defined in the Yeneena Basin in WA ❖ Proof
Slide 18: 70km Copper-Cobalt Corridor South of Nifty
70KM COPPER-COBALT CORRIDOR SOUTH OF NIFTY 14km long copper Nifty style mineral system at BM1-BM7 BM1 BM7 ❖ Coherent zone of near ❖ Large mineral system surface Copper oxide containing high grade Cu mineralization sulphide ❖ 10m @ 6.8% Cu from 32m* ❖ 5m @ 2.5% Cu from 388m* ❖ 20m @ 2.0% Cu from 22m*
Slide 19: 70km Copper-Cobalt Corridor South of Nifty
70KM COPPER-COBALT CORRIDOR SOUTH OF NIFTY ARIA LOOKOUT ROCKS SOUTH 70km Long Copper-Cobalt Corridor ❖ South IOCG style intrusion copper sulphides of Nifty containing ❖ First diamond drill hole intersected copper mineralisation, up to 1% Cu ❖ Discrete density anomaly located ❖ Zambian copper-belt an
Slide 20: Why Encounter
WHY ENCOUNTER ❖ Active explorer in one of the world’s most prospective basins ❖ Targeting shallow gold opportunities with scale potential - known district, near infrastructure ❖ Strong in house expertise to drive target generation ❖ Project generation alliance with Australia’s largest gold mining co
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