Encounter Resources Limited · ASX:ENR
Encounter Resources — Investor Presentation (September 2022)
24 slides from Encounter Resources's investor presentation, Sep 23, 2022
Slide 1: Investor Presentation September 2022
For personal use only Investor Presentation September 2022 Exploring for the next copper, rare earths and lithium discoveries ASX: ENR
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is For personal use only given in good faith. Certain information in this document has been derived
Slide 3: Encounter at a glance
Encounter at a glance Creating value through project generation and discovery For personal use only Capital structure ASX ticker ENR Share price (19/09/2022) $0.145 Shares on issue 317M Options 18M Market capitalisation ~$46.0M Cash (30/6/22) ~$2.2M Enterprise value ~$43.8M Major shareholders Board
Slide 4: Foundations for a major copper exploration drive
Foundations for a major copper exploration drive For personal use only Diamond drilling of three potentially transformational copper targets : strategy focused on making a Tier 1 discovery in Australia Significant lithium and rare earths opportunities: located in some of the most prospective regions
Slide 5: A premier exploration portfolio
A premier exploration portfolio Early mover positions in world-class minerals belts attracting Tier 1 partners For personal use only Elliott Copper (BHP $25m earn-in) Sediment-hosted copper in an emerging region Elliott Lamil Copper-Gold (ENR 100%) Extensive mineralised Paterson Dunmarra copper-gold
Slide 6: Northern Territory: Fast emerging as one of the most significant global opportunities
For personal use only Northern Territory: Fast emerging as one of the most significant global opportunities for copper and lithium 6
Slide 7: Sandover Copper-Lithium Project: Northern Arunta Pegmatite Province
Sandover Copper- Lithium Project (100% ENR) Northern Arunta Pegmatite Province For personal use only ▪ Sandover covers a significant part of the North Arunta Pegmatite Province identified by Northern Territory Geological Survey (“NTGS”) ▪ NTGS interpret LCT pegmatites similar to the host pegmatites
Slide 8: Sandover Copper-Lithium Project: Georgina Basin
Sandover Copper-Lithium Project (100% ENR) A partially exposed Neoproterozoic Basin in the Georgina For personal use only ▪ 170km north-east of Alice Springs ▪ Covers a major structural corridor on the southern margin of the Georgina Basin ▪ Interpreted to represent a locally preserved Neoproterozoi
Slide 9: Sandover: Outcropping shale units that contain copper
Sandover Copper-Lithium Project (100% ENR) Outcropping shale units that contain copper mapped for more than 20km For personal use only ▪ Sampling of copper mineralisation at surface returned assays up to 20.9% Cu and a suite of highly anomalous pathfinder elements (Zn, Ag, As, Bi, Mo and Pb) at four
Slide 10: Northern Territory: Globally significant opportunity for copper
Northern Territory: Globally significant opportunity for copper ▪ Highly prospective, vastly underexplored For personal use only region under shallow cover ▪ Located between the major copper-gold producing districts of Mt Isa and Tennant Creek ▪ Transformational investment in pre- competitive data b
Slide 11: Elliott Copper Project
Elliott Copper Project First BHP-funded diamond drilling scheduled for September 2022 For personal use only ▪ BHP (ASX:BHP) earn-in and joint venture agreement covering the 7,200km² Elliott Copper Project ▪ BHP may earn up to a 75% interest by spending up to $25 million over 10 years ▪ Compelling ex
Slide 12: Jessica Copper and Carrara Copper-Zinc Projects
Jessica Copper and Carrara Copper-Zinc Projects South32 entered into two farm-in agreements in June 2022 For personal use only ▪ Jessica is prospective for large sediment- hosted copper and IOCG style deposits ▪ Carrara is located at an interpreted structural offset of the western margin of the Carr
Slide 13: West Arunta, Western Australia
For personal use only West Arunta, Western Australia: The next major copper and rare earths exploration focus in WA 13
Slide 14: Aileron Copper-Rare Earths Project
Aileron Copper-Rare Earths Project (100% ENR) A new rare earth and IOCG province in Australia? ▪ ~1,700km² West Arunta province of WA For personal use only ▪ One diamond drill hole to a depth of 158m (EAL001) into this unexplored belt targeting a magnetic body ▪ Comparable aged host sequence and hyd
Slide 15: Aileron: One of the most prospective regions for IOCG deposits
Aileron Copper-Rare Earths Project (100% ENR) One of the most prospective regions for IOCG deposits in Australia For personal use only ▪ Gravity survey defines new drill targets ▪ Surface geochemical sampling trial identified highly elevated rare earth elements (“REE”) — up to 0.5% TREO (including 0
Slide 16: Aileron: First diamond drill hole EAL001
Aileron Copper-Rare Earths Project (100% ENR) One of the most prospective regions in Australia for IOCG deposits For personal use only ▪ First diamond drill hole to a depth of 158m (EAL001) intersected hydrothermal hematite-altered mafic intrusions and granite with a distinctive IOCG geochemical sig
Slide 17: Paterson Province, Western Australia
For personal use only Paterson Province, Western Australia: New large scale copper- gold discoveries 17
Slide 18: Lamil: Copper-gold system established
Lamil: Copper-gold system established (100% ENR) EIS diamond drilling completed September For personal use only ▪ Located 25km NW of Telfer ▪ Expansive copper-gold system >1km of strike containing multiple, stacked, narrow copper- gold reefs ▪ High-grade copper up to 19.1% Cu contained in chalcocite
Slide 19: Drilling results point to potential large copper-gold system
Drilling results point to potential large copper-gold system High grade copper intersections rare outside of Winu and Havieron For personal use only Semi-massive pyrite – chalcocite mineralisation drilled from 409.1 to 410.6m in ETG0226. • 1.5m @ 19.1% Cu from 409.1m • 3.9m @ 1.6g/t Au from 410.6m 1
Slide 20: Yeneena Copper
Yeneena Copper Copper-cobalt drilling now underway For personal use only ▪ Paterson Province is a proven mineral region with a consistent history of discoveries ▪ ~1,450km² of the Paterson Province ▪ IGO can sole fund $15 million in exploration expenditure over a maximum seven years to earn a 70% in
Slide 21: Major drill programs in H2 2022
Major drill programs in H2 2022 Jul Aug Sep Oct Nov Dec For personal use only Lamil Copper-Gold Gravity Diamond Drilling (100% ENR) Survey EIS co-funded Yeneena Heli TEM Diamond Drilling (up to 4,500m) Copper-Cobalt Preparations Diamond Drilling Elliott Copper for drilling (up to 2,000m) Jessica & C
Slide 22: Upcoming News
Upcoming News ▪ Elliott Copper (BHP farm-in) – NT - Commencement of diamond drilling Sep 2022 For personal use only ▪ Aileron Copper-REE (100% ENR) - WA - Magnetic-radiometric survey Oct 2022 ▪ Sandover Copper-Lithium (100% ENR) – NT - Lithium exploration program defined Oct 2022 ▪ Jessica & Carrara
Slide 23: Large portfolio of exploration projects in Australia
Large portfolio of exploration projects in Australia 100% ENR projects Farm-in partners For personal use only Sandover Copper-Lithium Project - NT Elliott Copper Project - NT ▪ Key geological units and processes for (up to $25m farm-in funding) sediment-hosted copper ▪ Diamond drill program schedule
Slide 24: Contact
Contact For personal use only Telephone: +61 8 9486 9455 Website: www.enrl.com.au Email: contact@enrl.com.au Suite 2, 1 Alvan Street Subiaco WA 6008 ASX: ENR 24
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