Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2013)
27 slides from Encounter Resources's shareholder meeting presentation, Nov 29, 2013
Slide 1: Chairman's Address
Level 7, 600 Murray Street West Perth WA 6005 PO Box 273 West Perth WA 6872 P 08 9486 9455 F 08 6210 1578 www.enrl.com.au ASX : ENR 29 November 2013 For personal use only Company Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street Sydney NSW 2000 Annual General Meeting –
Slide 2: Chairman's Address (continued)
I am pleased to say that in April 2013, we completed an earn-in agreement with one of these companies. Our joint venture partner is a wholly owned subsidiary of Antofagasta plc. London Stock Exchange listed Antofagasta has a market capitalization of about GBP8 billion and is one of the world’s large
Slide 3: Annual General Meeting November 2013
For personal use only Annual General Meeting 29 November 2013 ASX : ENR
Slide 4: Investment Summary
INVESTMENT SUMMARY • Major land position in For personal use only Proterozoic sedimentary basin (1900km2) • Surrounded by major mineral deposits (Au-Cu, Cu, U and Mn) • Greenfields copper discovery 14km long and growing • Experienced team of former Yeneena WMC executives Copper Project • Well funded
Slide 5: Corporate Information
CORPORATE INFORMATION Board For personal use only Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 132.5m Ordinary Shares Issued Capital 9.5m Employee Options Market Cap. A$27m @
Slide 6: ENR Share Price
ENR SHARE PRICE ENR vs ASX Small Resources Index For personal use only 150% ENR.ASX XSR.ASX 140% 130% 120% 110% 100% 90% 80% 70% 60% 50% 30 Nov 12 09 Jan 13 14 Feb 13 21 Mar 13 30 Apr 13 04 Jun 13 10 Jul 13 14 Aug 13 18 Sep 13 23 Oct 13 4
Slide 7: Antofagasta Farm-In
ANTOFAGASTA FARM-IN One of the world’s largest copper producers and explorers For personal use only Key terms: • Antofagasta may earn a 51% interest in tenements E45/2658 and E45/2805 (433km2) within the Yeneena project (approximately 25% of Encounter’s Yeneena land holding) by incurring expenditure
Slide 8: Antofagasta Farm-In: The Benefits
ANTOFAGASTA FARM-IN The Benefits: For personal use only • Significant endorsement of the large scale deposit potential by one of the world’s largest copper mining companies • Considerable financial, technical and operating resources to progress the exciting copper discoveries made by Encounter • Ens
Slide 9: Yeneena Project
YENEENA PROJECT Major land position amongst giant mineral deposits For personal use only In 2012/13, Encounter has expanded its ground holding with earn-ins: • St Barbara Mines Ltd • Independence Group NL • Midas Resources Ltd 7
Slide 10: Historical Discoveries
HISTORICAL DISCOVERIES Nifty - 1980 Telfer – 1972 For personal use only Kintyre - 1985 8
Slide 11: Yeneena Project: Under Cover Exploration
YENEENA PROJECT For personal use only Under cover exploration– a new search space 9
Slide 12: Sediment Hosted Copper
SEDIMENT HOSTED COPPER 25 For personal use only Central Africa Copper Deposits Paterson Mt Isa 20 Province Endowment Endowment MT Cu (pre mined resources) 170MT Copper 2.3MT Copper 15 Deposit style produces giant orebodies Is Nifty the giant of the Paterson? 10 5 *includes basement hosted deposits 0
Slide 13: Nifty Copper Deposit
NIFTY COPPER DEPOSIT Nifty copper sulphide mineralisation is a shallow plunging body with For personal use only the strongest mineralisation located at the keel of a synform 11
Slide 14: Yeneena Project: BM1-BM7 Copper Discovery Location Plan
YENEENA PROJECT BM1-BM7 Copper Discovery Location Plan For personal use only Next slide 12
Slide 15: BM1 - BM7 Prospects
BM1 - BM7 PROSPECTS Copper mineral system 14km long and growing For personal use only BM1 Coherent zone of near surface copper oxide mineralisation 10m @ 6.8% Cu from 32m 8m @ 3.6% Cu from 18m 20m @ 2.0% Cu from 22m BM7 6 x 3km copper system still growing First joint diamond drill program intersects
Slide 16: Long Section BM1-BM7
LONG SECTION BM1-BM7 Shallow drilling defines major new Copper-Cobalt mineral system For personal use only 5.3m@2.5% Cu from 388 Extended 3km & still open Antofagasta farming-in 14
Slide 17: BM7 Copper Outline Jan
BM7 COPPER OUTLINE JAN 13 At the start of 2013 we had evidence 1km For personal use only of a large mineral system at BM7 • 3km x 1km near surface copper 3km footprint • Attracted copper major Antofagasta plc to the project • Six months of activity completed under the earn-in agreement … EPT1822 - 3
Slide 18: BM7 Drilling 2013 Summary
BM7 DRILLING 2013 SUMMARY BM7 mineral system significantly 3km For personal use only extended south and east • Tripled the size of the surface copper A A’ footprint • Over 6km in strike and up to 3km in width • Generated specific new primary copper sulphide targets 6km • Extraordinary copper oxide f
Slide 19: BM7 Schematic Section A-A'
BM7 SCHEMATIC SECTION A-A’ Diamond drill program has confirmed depth extensive copper sulphide mineralisation and established the high grade potential of BM7 system For personal use only Nifty Sulphide Deposit (~ same scale) See Slide 8 17
Slide 20: BM7 – 2013 Milestones
BM7 – 2013 MILESTONES Tenement granted in August 2012 For personal use only Initial exploration confirmed large scale copper potential Attracted quality partner - copper major Antofagasta plc Shallow drilling outlined 6km x 3km copper system - still growing First joint diamond drilling pro
Slide 21: Regional Targets - North
REGIONAL TARGETS - NORTH Electromagnetics - VTEM Untested targets north of BM1-BM7 For personal use only • 100% Encounter held ground • VTEM Survey completed June 2013 • Significant north-east trending structure that mirrors the BM1-BM7 copper system • Shallow sand cover • Minimal previous explorati
Slide 22: Regional Targets - BM2
REGIONAL TARGETS - BM2 Large Scale Zinc Mineral System – EIS co-funded drilling in 2013 For personal use only 20
Slide 23: BM2 Prospect
BM2 PROSPECT EIS drilling intersects massive zinc sulphide mineralisation For personal use only 21
Slide 24: BM2 Prospect
BM2 PROSPECT EIS drilling intersects massive zinc sulphide mineralisation For personal use only 22
Slide 25: Discovery Timeline
DISCOVERY TIMELINE For personal use only 2013 Objectives 2012 High grade copper Large scale, copper sulphides at BM7 2011 discovery at BM7 Regional copper Test targets south Discovery of copper and east of BM7 sulphides at BM1 targets defined 2010 New copper oxide Test Regional Targets Greenfields c
Slide 26: Summary
SUMMARY Yeneena – Australia’s Next Great Copper District? For personal use only • Large scale system over 14km long and growing • High grade near surface intersections • Key ground position secured (>1900km2) • First world mining jurisdiction • Major mining company funding through Antofagasta farm-i
Slide 27: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement For personal use only 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 fr
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