Slide 1: RIU Explorers Conference
For personal use only RIU EXPLORERS CONFERENCE 20th February 2014 Presentation by Graeme Drew - MD
Slide 2: Disclaimers
DISCLAIMERS For personal use only • Forward-Looking Statements This presentation may contain 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 esti
Slide 3: Capital Structure
C A P I TA L S T R U C T U R E AusQuest Limited Shareholders For personal use only ASX Code AQD Chris Ellis (NED) 9.5% Shares on Issue 297.5 million Hamersley Holdings (Rio Tinto Plc) 3.5% Top 20 33% Options on Issue 76.7 million Market Cap. (at 1.2 cents) ~$3.6 million Directors Cash (end Dec 2013)
Slide 4: Company Overview
C O M PA N Y O V E R V I E W For personal use only • Successful capital raising ($2.75M) funds exploration in the Fraser Range area (WA) and Peru • Focus on large provincial Nickel-Copper-Gold plays • In Peru - 8 Large Copper-Gold targets identified with drilling planned in 2014 • At Fraser Range –
Slide 5: Fraser Range Ni-Cu Projects
FRASER RANGE NI-CU PROJECTS For personal use only Dundas Ni-Cu Dundas Ni-Cu Project Project Balladonia Balladonia Gibson Soak Gibson Soak 5
Slide 6: Dundas Project - News
D U N D A S P R O J E C T- N E W TA R G E T S Centauri Ni Prospect For personal use only Centauri Ni Prospect (Sirius Resources) (Sirius Resources) New Target New Target Areas Areas Exploration To date • Drilling confirms mixed felsic-mafic gneiss sequence & locates sulphides below cover (EM works)
Slide 7: Gibson Soak Ni-Cu
G I B S O N S O A K N I - C U TA R G E T • New EL application within For personal use only TARGET AREA TARGET AREA Fraser Range terrain • Similar magnetic and gravity patterns to Nova region MAGNETICS GRAVITY • >20km of prospective strike to be tested NOVA NI-CU NOVA NI-CU • Little historic explorat
Slide 8: Peru Cu-Au
P E R U C U - A U TA R G E T S • Large scale porphyry and/or IOCG Cu-Au targets identified by For personal use only mapping sampling and ground geophysics • 4 targets under JV with Cliffs (30% AQD) • 4 targets within 100% owned AQD titles • Drill Permitting in progress at Lana, Cardonal and Puite •
Slide 9: Peru – The Place To Be
PERU – THE PLACE TO BE For personal use only • Excellent copper pedigree • Contains some of the world’s largest copper deposits • The world’s third largest copper producer – 1250ktpa Cu and rising • A mining friendly jurisdiction encouraging exploration • Comparatively under explored especially in c
Slide 10: Porphyry Copper / IOCG
TA R G E T I N G P O R P H Y RY C O P P E R / I O C G For personal use only • Major producers of copper (70% global production) • Large scale low cost mines with mine lives in the decades • Attractive exploration targets – large footprint – Elephant country – Deposits occur in clusters • “Find one a
Slide 11: Right Area – Ready For Drilling
RIGHT AREA – READY FOR DRILLING For personal use only Cerro de Fierro IOCG Target Drill ready Lana IOCG Target Drill ready Pinguino Porphyry Cu & IOCG Targets El Jaguay-Azucar 2 Magnetic Targets Drill ready Colorada, Cardonal, Puite 3 Porphyry Cu Targets Drill ready 11
Slide 12: Undercover – The Real Opportunity
UNDERCOVER –THE REAL OPPORTUNITY For personal use only • Covered areas restricted historic exploration • More Cu deposits to be found under cover • Aeromagnetics used for area selection • Mapping & sampling used to prioritise prospects • Magnetic gravity & IP targets ready for drilling 12
Slide 13: Multiple Coppers
M U LT I P L E C O P P E R TA R G E T S For personal use only COLORADA AQD Prospect Location THREE LARGE PORPHYRY CU TARGETS TO BE DRILLED CARDONAL PUITE 10km 13
Slide 14: Cardonal Porphyry Cu
C A R D O N A L P O R P H Y RY C U TA R G E T For personal use only • Anomalous Cu within dykes Priority Target and breccias • Intensive dyking over a limited area Altered Dykes + Copper • Propylitic alteration within the mineralised dykes and breccias • Large variety of intrusive rock types 3km IP
Slide 15: Cardonal Cu-Au Workings
CARDONAL CU-AU WORKINGS For personal use only Historic workings 0.74%Cu 15
Slide 16: Puite Porphyry Cu-IOCG
P U I T E P O R P H Y RY C U - I O C G TA R G E T For personal use only Coincident magnetic - copper target Priority Target Cu in soil anomaly Cu(ppm) in altered dykes Priority Target Ground Magnetic Image 16
Slide 17: Colorada Porphyry Cu
C O L O R A D A P O R P H Y RY C U TA R G E T For personal use only Priority Target IP Target %Cu +/- Au(ppm) in epithermal veins 4km Priority Target Cu in soil anomaly Large Buried Porphyry Copper Target 17
Slide 18: Colorada Cu-Au Workings
COLORADA CU-AU WORKINGS For personal use only Cu workings 18
Slide 19: Lana Gravity
L A N A G R AV I T Y TA R G E T For personal use only Granodiorite and andesitic volcanics N Moquegua Fm Sediments Milo Fm Sediments Sencca Volcanics Large Gravity Anomaly Under Cover Potential IOCG Target? Lana Prospect Location 19
Slide 20: Lana Gravity Models
L A N A G R AV I T Y M O D E L S For personal use only Gravity Image Gravity Target ~20km² •Gravity models imply density contrast of 0.4 to 0.6gm/cc needed to explain the 8 milligal anomaly – modelled depths range from ~250 to 400 metres 20
Slide 21: Future Activities
FUTURE ACTIVITIES For personal use only Fraser Range (Dundas & Gibson Soak Ni-Cu Projects) •Definition of drill targets by EM / surface sampling over new prospects •Target drilling as required Peru (Porphyry Cu and/or IOCG Projects) •Complete permitting at Puite, Cardonal & Lana prospects (3) •Large
Slide 22: Contact
C O N TA C T For personal use only Graeme Drew Managing Director 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au 22