Slide 1: MD Presentation - May 2010
For personal use only MD Presentation - May 2010
Slide 2: Disclaimers
DISCLAIMERS For personal use only Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by AusQuest Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates
Slide 3: Capital Structure
Capital Structure For personal use only • Listed securities 228m • Unlisted Options 56m (incl 48m options to Cliffs @ 40c in May 2011, & 8m staff options) • Major shareholders Cliffs 30%, Passport Capital 6.5%, Hamersley 4.6%, C Ellis 4.7% • Cash Position A$21.5M (Mar 2010)
Slide 4: Exploration Update
Exploration Update For personal use only • Gold opportunity acquired in Burkina Faso - an emerging new gold region in West Africa – drilling underway • Extensive gold anomalies at Dundas - infill sampling in progress. Bedrock drilling scheduled for 2nd half 2010 • Extensive manganese targets at Stan
Slide 5: West Africa Project – Burkina Faso
West Africa Project – Burkina Faso For personal use only
Slide 6: West African Gold Opportunity
West African Gold Opportunity For personal use only • AQD has 51% equity in 670 km2 of Banfora Greenstone (G/S) Belt • AQD can earn 80% by spending US$7.0m in 6 years • Elephant Country – highly prospective for gold • JV area is virgin ground – never been drilled • Surface indications for gold are v
Slide 7: Banfora Greenstone Belt
Banfora Greenstone Belt For personal use only • Banfora G/S Belt under-explored • Extensive surface gold anomalies Finkere and artisanal workings present • No historic drilling • Regional structures within the Diarabokoko G/S Belt parallel gold anomalies • Sediments, volcanics (felsic & basic) and g
Slide 8: Komoe Gold Prospects
Komoe Gold Prospects For personal use only Siniko West - pit samples RC Drill Targets
Slide 9: Diarabokoko Gold Prospect
Diarabokoko Gold Prospect For personal use only RC Drill Targets Artisanal Workings
Slide 10: AusQuest Australian Projects
AusQuest Australian Projects For personal use only Rocklea RockleaFe Fe Plenty PlentyRiver RiverCu, Cu,NiNi Table TableHill HillMn, Mn,NiNi Cairn CairnHill HillNiNi Stanley StanleyMn Diamantina Mn DiamantinaCu-Au Cu-Au Wyo WyoWell WellNiNi Dundas DundasAu Au Large tenement holdings across Australia
Slide 11: Stanley Manganese Project
Stanley Manganese Project For personal use only
Slide 12: Niminga Manganese Prospect
Niminga Manganese Prospect For personal use only •Anomalous soil and rock geochem define >10km strike •Rock-chips 20 to 30%Mn; Soils 2 to 7%Mn •Mn horizon(s) occur in siltstone between carbonates and quartzite – structurally complicated by folding •RC drilling planned for late June targeting superge
Slide 13: Windida Manganese Prospect
Windida Manganese Prospect For personal use only •Mn horizons occur at interface between Fe Formations and thick carbonate (+Mn) •Mn targets poorly exposed but appear laterally extensive •RC drilling targeting – shallow supergene ore and bedded primary mineralisation •Flat dips suggest possibility o
Slide 14: Stanley Manganese outcrop
Stanley Manganese outcrop For personal use only Windida Niminga
Slide 15: Dundas Gold Project
Dundas Gold Project For personal use only Proterozoic - Archaean boundary – Gold target Kalgoorlie Norseman Magnetic Image
Slide 16: Dundas Regional Sampling
Dundas Regional Sampling For personal use only •Extensive low level gold anomalism •Coincident Cu over southern target •Structural targets in magnetic data •Infill sampling in progress •Bedrock drilling planned 2nd half 2010 >10ppbAu >30ppmCu
Slide 17: Wyo Well Nickel Prospect
Wyo Well Nickel Prospect For personal use only • AQD can earn 80% in Ni rights for $2M spend • Minimum $250K spend • Similar geological setting to Silver Swan • Ni/Cu gossan within channel at base of ultramafic • Limited historic drilling did not test channel • Drilling +DHEM to start June-July
Slide 18: Wyo Well Nickel Prospect
Wyo Well Nickel Prospect For personal use only •Ni Gossans at base of ultramafic •Channel in basal contact inferred from mapping •Historic drilling too shallow •Surface EM did not test below 150m •RC drilling and DHEM late June/ early July to define channel •Deeper drilling & DHEM down plunge of cha
Slide 19: Cairn Hill Nickel Project
Cairn Hill Nickel Project For personal use only •30km of prospective ultramafic contact •Geochem suggests possible channels & anomalous Ni/Cu values •Prospect basal contact for NiS gossans •EM and drill test targets - late 2010?
Slide 20: Table Hill – Manganese and Nickel Program
Table Hill – Manganese and Nickel Program For personal use only •Potential Mn target horizon outlined over 70km of strike •Bedrock sampling to start mid 2010 to identify areas for drilling - late 2010? •Deep NiS target at Savory – drilling Q3 Mn Target horizon Sav ory Ni Target 0 50km GEOTEM Image C
Slide 21: Savory Nickel Prospect
Savory Nickel Prospect For personal use only •Drill Target - Deep EM anomaly located near the base of a thick mafic sill within interpreted feeder system to Table Hill Volcanics
Slide 22: Plenty River Base metal Program
Plenty River Base metal Program For personal use only EM Survey 2009 DDHs Gravity Magnetics
Slide 23: Business Development
Business Development For personal use only • Business Development Team is still very active • Further gold opportunities being assessed in West Africa • A range of opportunities under consideration in Africa, South America and Australia • Strategy remains to find Tier 1 resources in major commoditie
Slide 24: Planned Exploration Activity - 2010
Planned Exploration Activity - 2010 For personal use only Exploration Budget 2010 – approximately $8.0 million