Ausquest Limited · ASX:AQD
Ausquest — Investor Presentation (October 2010)
14 slides from Ausquest's investor presentation, Oct 20, 2010
Slide 1: MD Presentation West Africa
For personal use only MD Presentation West Africa October 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$16.5M (Sept 2010)
Slide 4: West Africa Project – Burkina Faso
West Africa Project – Burkina Faso For personal use only
Slide 5: West Africa Exploration Update
West Africa Exploration Update For personal use only • First round of drilling completed (July) to rank initial targets • 5 of the 8 gold targets (>1g/tAu) to be tested by further RC drilling (10,000m) commencing in late October • Diamond drilling to start at Phaco Hill in late November. • Large VTE
Slide 6: Banfora Gold Prospects
Banfora Gold Prospects For personal use only •Eight prospects tested by initial RC drilling (47holes/ 5800m) •Many kms of gold anomalies still to be tested •Bedrock gold (>1g/tAu) confirmed at each site drilled Kangounadeni •Results highlight the Komoe area and Phaco Hill prospect •Large aluminous a
Slide 7: Komoe Gold Prospects
Komoe Gold Prospects For personal use only Baboro Baboro VTEM targets closely Key Structures associated associated with gold soil with gold soil anomalies anomalies evident in magnetic data Siniko West Siniko West Phaco Hill Phaco Hill Siniko Siniko East East
Slide 8: Phaco Hill – Initial Drill Results
Phaco Hill – Initial Drill Results For personal use only
Slide 9: Phaco Hill – A VMS System?
Phaco Hill – A VMS System? For personal use only EM Model EM Model
Slide 10: Komoe – A Cluster of EM Targets
Komoe – A Cluster of EM Targets For personal use only • 6 EM targets located by VTEM survey • Several EM targets associated with anomalous gold in soils • Largest EM response coincides with the Phaco Hill Prospect • Modelling indicates target 400m long – easterly plunge - large depth extent • Target
Slide 11: Siniko Gold Prospects
Siniko Gold Prospects For personal use only • Extensive surface gold anomalies >5km strike • Limited initial drilling reported several gold intersections • Magnetics defines NNE trending structures associated with gold prospects • Second round drilling to be guided by gold and structure • Cross cutt
Slide 12: Baboro Gold Prospect
Baboro Gold Prospect For personal use only • Extensive surface gold anomaly 2km x 1km in size • Limited drilling completed to date • Many narrow gold intercepts within broad (30m) low grade zones • Gold occurs within mafic host rock • Magnetics implies favourable structural setting - intersecting NE
Slide 13: Kangounadeni - Structural Gold Targets
Kangounadeni - Structural Gold Targets For personal use only
Slide 14: West Africa – Estimated Drill Schedule
West Africa – Estimated Drill Schedule For personal use only Exploration Program Oct Nov Dec Jan Feb Mar RC Drilling: Phaco Hill (1800m) EM Targets (950m) Siniko West (3600m) Siniko Central (750m) Baboro (3200m) Diamond Drilling: Phaco Hill (2000m) ? ? EM Targets (1000m)