Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2019)
25 slides from Ausquest's shareholder meeting presentation, Nov 20, 2019
Slide 1: AGM November 2019 - MD Presentation
A USQ UEST L I M I T E D ( A S X : A Q D ) For personal use only IOCG Discovery in southern Peru under SAA 2nd Stage Drilling at Cerro de Fierro under SAA 2nd Stage Drilling in Fraser Range under SAA $8.8 MILLION MARKET CAPITALISATION AGM November 2019 - MD Presentation Peru
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
C A P I TA L S T R U C T U R E AusQuest Limited Significant Shareholder For personal use only ASX Code Chris Ellis (NED) 23.05% AQD Directors (Incl C.E.) 26.23% Shares on Issue (post Rights 676.3 million Altor Capital Management Pty Ltd 2.95% Issue & Placement) Listed Options on Issue (post Citicorp
Slide 4: Peru Projects – Copper Country
PERU PROJECTS – COPPER COUNTRY For personal use only 44 4
Slide 5: Cerro de Fierro – New IOCG Discovery
CERRO DE FIERRO –NEW IOCG DISCOVERY For personal use only • Close to Marcona (Fe), Mina Justa, Pampa Pongo (Fe-Cu-Au) & Los Chapitos (Cu) • Magnetic target identified from Company’s proprietary airborne data • Extensive K alteration suggests potential for large IOCG system in the area 5
Slide 6: Cerro de Fierro – Drilling 2018-2019
CERRO DE FIERRO – DRILLING 2018-2019 For personal use only • Initial drilling intersected economic grades and confirmed mineralised IOCG system • 2nd Stage Diamond drilling (4 holes / ~2400m) commencing mid-November 2019 6
Slide 7: Cerro de Fierro – Cu in Andesites
CERRO DE FIERRO – CU IN ANDESITES For personal use only • Drilling confirms a strong stratigraphic control on Cu mineralisation • Higher Cu values generally occur within the lower (more mafic) andesitic unit • Shallow dipping stratigraphy conceals buried Cu mineralisation near surface 7
Slide 8: Cerro de Fierro – Priority Cu Targets
C E R R O D E F I E R R O – P R I O R I T Y C U TA R G E T S For personal use only • Large copper (gold) system inferred (>10km²) – Numerous priority Cu targets outlined 8
Slide 9: Cerro de Fierro – Cu (Au) Targets
C E R R O D E F I E R R O – C U ( A U ) TA R G E T S For personal use only • Large copper (gold) system inferred (>10km²) – Numerous priority Cu targets outlined 9
Slide 10: Cerro de Fierro – Cu Oxide Outcrop
CERRO DE FIERRO – CU OXIDE OUTCROP For personal use only 10 10
Slide 11: Cerro de Fierro – CDFDD03 Drill Core
CERRO DE FIERRO –CDFDD03 DRILL CORE For personal use only 11
Slide 12: Cerro de Fierro – Drill Operations
C E R R O D E F I E R R O – D R I L L O P E R AT I O N S Drill Camp Diamond Drill Rig For personal use only Drill Pad & access 12
Slide 13: Parcoy – New IOCG Project
PARCOY – NEW IOCG PROJECT For personal use only • Close to Marcona (Fe), Mina Justa, Pampa Pongo (Fe-Cu-Au) & Los Chapitos (Cu) • K anomaly from proprietary airborne survey identifies target within volcanics along strike from Los Chapitos Cu prospect – similar to Cerro de Fierro setting. 13
Slide 14: Parcoy – Soil Sampling Anomalies
PARCOY – SOIL SAMPLING ANOMALIES Cu Mo For personal use only Multi-element Anomaly in Volcanics (+ K Alt) Au Se Cu & Au in veins 14 14
Slide 15: Parcoy – IP & Geochem Anomalies
PARCOY – IP & GEOCHEM ANOMALIES For personal use only • Priority multi-element soil Geochem anomaly occurs marginal to IP (weak) response 15
Slide 16: Parcoy – Summary Plan Cu Target(s)
P A R C O Y – S U M M A RY P L A N C U TA R G E T ( S ) For personal use only • Multi-element geochem within volcanics (+K alt) infers high priority manto Cu (Au) target 16
Slide 17: Project Locations West Australia
P R O J E C T L O C AT I O N S WEST AUSTRALIA For personal use only • Aircore drilling at Balladonia outlines base metal target ~500m x 200m in size • RC Drilling to commence in mid November 2019 • Recce soil sampling at Tangadee identifies possible zinc target – infill sampling completed / assays p
Slide 18: Balladonia – Telegraph Prospect
BALLADONIA – TELEGRAPH PROSPECT Nova-Bollinger For personal use only ~20km north • Aircore drilling identifies base metal target (500m x 200m) beneath EM anomaly 18
Slide 19: Balladonia – Telegraph RC Drilling
BALLADONIA – TELEGRAPH RC DRILLING For personal use only • RC drilling to test beneath anomalous Cu-Pb-Zn-Ag within highly altered bedrock 19
Slide 20: Paterson – New Copper (+Au) Projects
P AT E R S O N – N E W C O P P E R ( + A u ) P R O J E C T S For personal use only Telfer, Havieron, Winu 100 & 200km north Historic Drill-Holes • Targeting shallow mag anomalies within prospective sediments - similar Winu, Havieron 20
Slide 21: Project Location - Hamilton (QLD)
P R O J E C T L O C AT I O N - H A M I LTO N ( Q L D ) Drill Operation For personal use only Extensive cover sequence hides prospective host rocks Camp 21
Slide 22: Hamilton (QLD) – Copper Gold Target
H A M I LTO N ( Q L D ) – C O P P E R G O L D TA R G E T Cannington Mine For personal use only ~100km north Fe + K Alteration ? 9m @ 0.11%Cu In Clay Alteration ? 5m @ 0.17%Pb ,0.63%Zn in pyritic metasediments ? ? • Anomalous Cu in clay alteration (HMD03) provides further evidence for possible nearby
Slide 23: Hamilton (QLD) – HMDD Analyses
H A M I LTO N ( Q L D ) – H M D D 0 3 A N A LY S E S For personal use only ❑ Anomalous Cu, Au, Ag, Pb, Bi, (+ Se, U, Ce, La, P) within clay alteration zone – distal IOCG? 23
Slide 24: Work Programme – Next Months
WORK PROGRAMME – NEXT 6 MONTHS Projects Nov Dec Jan Feb Mar April May For personal use only Cerro de Fierro (S32) Permit & Access Diamond Drilling ✓ Assess results New Drilling ✓ Cu-Au – Peru Parcoy (S32) Map & Sample ✓ ID Drill targets – Drill Permits (20 pads) ✓ Cu-Au - Peru + Access New Opportuni
Slide 25: Contact
C O N TA C T For personal use only A USQ UEST L I M I T E D Graeme Drew Managing Director 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au 25