Slide 1: The Next Six Months
A USQ UEST L I M I T E D ( A S X : A Q D ) The Next Six Months Drilling at Balladonia (Cu-Pb-Zn-Ni) – Results Pending Drilling at Hamilton (Cu-Au) – Results Pending Drilling at Morrisey (Ni-Cu-PGE) – H3 / 2022 Drilling at Parcoy Peru (Cu-Au) – June / July 2022 Drilling at Cerro de Fierro Peru (Cu-Au
Slide 2: Disclaimers
DISCLAIMERS 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 based on specific ass
Slide 3: Strategic Alliance Agreement
Strategic Alliance Agreement • SAA with South32 active until the end of 2023 • South32 have exclusive rights to AQD Projects • All funding provided for selected Projects • Work programs & budgets agreed with South32 • US$4.5M spend earns 70% equity for each project • AQD manages all programs (drilli
Slide 4: Projects in West Australia
Projects in West Australia Three Projects under the SAA • Balladonia – recent drilling identified new opportunities for large scale Cu-Au deposits similar to those found in NW Qld • Morrisey – Priority drill targets for Ni-Cu- PGE mineralisation similar to Julimar identified by EM-Mag-Geochem survey
Slide 5: Balladonia – A New Base Metal Province?
Balladonia – A New Base Metal Province? • Drilling (~1100m) at Tea Tree identifies potential ‘lode Strong Magnetics packages’ similar to those hosting BHT &/or IOCG deposits in the Cloncurry belt in NW Qld • New magnetics outlines numerous targets for BIF related mineralisation (Pb, Zn, Cu-Au) that
Slide 6: Morrisey Ni-Cu-PGE Project
Morrisey Ni-Cu-PGE Project • Julimar highlights new Ni-Cu-PGE Province • Morrisey contains numerous targets with similar characteristics to Julimar - in similar Julimar regional setting Location Plan Magnetic Image (RTP) 6 6
Slide 7: Morrisey Ni-Cu-PGE Project – Priority Prospects
Morrisey Ni-Cu-PGE Project – Priority Prospects Sandfly • Waterfall – MLTEM confirms discrete conductor at north end of inferred magnetic intrusion • EM response (~800S) implies a sulphide source • Ni, Cu, & Cr in soils infer ultramafic host rocks upgrading the target – Drilling in 2022 Waterfall •
Slide 8: Hamilton (Qld): Copper - Gold Project
Hamilton (Qld): Copper - Gold Project • 30km long belt of untested magnetic targets south of the Osborne and Cannington mines beneath ~200m of cover Hamilton 166Mt @ 1.1%Cu 0.54gptAu 79Mt @ 260gptAg 7.9%Pb, 5.4%Zn 36Mt @ 2.0%Cu 1.0gptAu 8
Slide 9: Hamilton (Qld): Copper - Gold Project – Drilling
Hamilton (Qld): Copper - Gold Project – Drilling Under the SAA the Prize has to be a Tier 1 Asset Step by Step exploration to search beneath the cover 9
Slide 10: Hamilton North • Hamilton South
Hamilton North • Hamilton South – Magnetic/gravity target • Earlier drilling showed relation between Cu & high Fe (mag) & high SG (grav) in several holes • HMDDH017 (~740m) drilled (2022) to test gravity target beneath cover – Results pending. • DHEM planned for June/July Hamilton South • Hamilton N
Slide 11: Southern Peru Projects – Copper Country
Southern Peru Projects – Copper Country • Major copper producing region of Peru – true elephant country • Significant drilling planned under SAA for H2 2022 • Drilling focus on Cerro de Fierro (Pirata) ~6,700m & Parcoy ~3,500m RC • Five large porphyry copper targets to be tested at CDF • Stage 2 dri
Slide 12: Cerro de Fierro East (Pirata) – Porphyry Copper Drilling Targets
Cerro de Fierro East (Pirata) – Porphyry Copper Drilling Targets • Porphyry Cu indicators identified in at least 4 locations • Priority targets occur within prospective structural domain • Drill permitting nearing completion - drilling expected to start in Q3 2022 • AQD controls large land package i
Slide 13: Parcoy – Manto Copper-Gold Targets
Parcoy – Manto Copper-Gold Targets S ‘Proof of Concept’ Drilling 2021 N • Numerous rock samples >1.0% Cu within altered (potassic) volcanics • 2021 drilling provided ‘Proof of Concept’ – constrained by access • Cu concentrated in volcanic layer(s) - extends >500m from feeder(?) fault - infers large
Slide 14: AusQuest - Exploration Program next 6 months
AusQuest - Exploration Program next 6 months Projects May Jun July Aug Sept Oct Nov Dec Hamilton (SAA) Assess results ✓ Diamond Drill & DHEM ✓ Cu-Au – QLD Balladonia (SAA) Diamond Drill ✓ Assess results ✓ Ni-Cu-Pb-Zn-Ag – WA Morrisey (SAA) Access Approval ✓ Assess results ✓ RC Drilling ✓ Ni-Cu-PGE –
Slide 15: AusQuest Capital Structure
AusQuest Capital Structure AusQuest Limited Significant Shareholder ASX Code Chris Ellis (NED) 21.24% AQD Directors (Incl C.E.) 24.15% Shares on Issue 823.1 million Altor Capital Management Pty Ltd 3.61% Options on Issue (listed) Greg Hancock BA Econs., BEd Hons., F.Fin Nil Asuper Pty Ltd 1.72% Non-
Slide 16: Contact
C O N TA C T 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 AUSQUEST_LTD AUSQUEST_LIMITED 16