Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2019)
24 slides from Encounter Resources's shareholder meeting presentation, Nov 25, 2019
Slide 1: AGM Chair Address and Presentation
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 25 November 2019 Company Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 AGM Chair Address and Presentation Encounter is at the forefront of
Slide 2: Leading Project Generators - Annual General Meeting
Leading Project Generators Collaborating with high quality partners Annual General Meeting 25 November 2019 ASX: ENR
Slide 3: 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 given in good faith. Certain information in this document has been derived from third parties and
Slide 4: Industry snapshot
Industry snapshot Revival of greenfields exploration for covered “ gold and base metal Tier 1 deposits in Australia The prospect generators are trading at a substantial discount. I would suggest Majors and mid-tier companies pursuing maybe even historic discounts. The growth and restocking project p
Slide 5: The Encounter business model
The Encounter business model Project generation and exploration in world- Targeting Tier 1 multi-million ounce gold class mineral belts and major base metal discoveries in WA High quality projects and management Progress project pipeline with a mix of supported by mid-tier and major producers allian
Slide 6: Project Generator Model
Project Generator Model The superior model for exploration – multiple opportunities for Tier 1 discoveries and lower equity dilution Traditional Junior Project Generator Number of Few (1 or 2 flagship projects) Multiple +5 projects Target size Small – moderate (more likely brownfield) Major tier 1 t
Slide 7: Encounter at a glance
Encounter at a glance Creating value through project generation and discovery Capital Structure ▪ Targeting gold deposits with scale potential in Western Australia: ASX ticker ENR Tanami, Paterson Province, Laverton Tectonic Zone Share price (22/11/2019) $0.12 — Multiple, well funded, exploration pr
Slide 8: Board and Management
Board and Management Highly Experienced Board and Management Mr Paul Chapman Mr Will Robinson Non Executive Chairman Managing Director B.Comm, ACA, Grad. Dip. Tax, MAICD, MAusIMM B.Comm, MAusIMM Mr Chapman is a chartered accountant with over thirty years experience in the Mr Robinson has worked in t
Slide 9: Scale opportunities in a first world jurisdiction
Scale opportunities in a first world jurisdiction Tanami and West Arunta Fast-tracking exploration via joint ventures with Newcrest Paterson Province – Copper-Cobalt New approach in a known Cu-Co district with Independence Group Paterson Province – Copper-Gold Copper-Gold targets analogous to Rio Ti
Slide 10: Tanami and West Arunta
Tanami and West Arunta Major exploration portfolio in one of the world’s most prospective gold regions “I think about what we have in our portfolio in terms of what gets us really excited in exploration, Tanami's up there in the top two or three.” Newmont Goldcorp CEO Tom Palmer – Denver Gold Forum
Slide 11: Tanami and West Arunta – a major new exploration portfolio
Tanami and West Arunta – a major new exploration portfolio ▪ Multiple joint ventures with Newcrest covering 4,300km2 of the Tanami Gold Province and West Arunta in WA ▪ 100km of strike along the major structural corridor that extends through the Tanami ▪ New regional gravity data shows a fundamental
Slide 12: Selby, Watts, Lewis JVs with Newcrest
Selby, Watts, Lewis JVs with Newcrest 100km of strike along the Trans-Tanami structure Selby Joint Venture (1,864km2) including: ▪ Mojave Prospect – a +7km long gold-arsenic anomaly that includes thick mineralised drill intersections strengthening at bottom of hole ▪ Afghan Prospect – a +7.5km long
Slide 13: Newcrest Funded RC Drilling in Progress
Newcrest Funded RC Drilling in Progress ▪ Drilling at Hutch’s Find has successfully defined a broad corridor of bedrock gold anomalism that remains open. ▪ Initial phase of RC drilling at Afghan has been completed and assay results from the eight holes (2,292m) are expected in December 2019. ▪ RC dr
Slide 14: Aileron JV with Newcrest
Aileron JV with Newcrest ▪ IOCG target located in the West Arunta with scale of an Ernest Henry or Carrapateena style system ▪ Initial drill target is a steeply dipping 500 x 200m magnetic body starting from ~50m below surface1 ▪ Exploration Incentive Scheme co-funded drilling grant of up to $150,00
Slide 15: Paterson Province
Paterson Province Proterozoic, sediment hosted Copper-Cobalt deposits Copper-Gold targets analogous to Rio Tinto’s Winu discovery 14
Slide 16: A known region generating new discoveries
A known region generating new discoveries ▪ Why has Encounter been exploring in the Paterson Province for the past ten years? — Proven fertility to produce major deposits — Large outcropping discoveries made in 1970s and 1980s at Nifty (Cu) and Telfer (Au) — Shallow sand cover inhibited previous exp
Slide 17: Australia’s Hottest Copper Address
Australia’s Hottest Copper Address ▪ The Paterson Province is a proven mineral region with a consistent history of discoveries ▪ Encounter holds exploration tenure over 1,600km² of the Paterson Province: — Central African Copperbelt analogue — Magmatic Copper-Gold (Winu analogue) ▪ Independence Grou
Slide 18: Yeneena Copper-Cobalt Project – Paterson Province WA
Yeneena Copper-Cobalt Project – Paterson Province WA BM1-BM71: a 14km long copper-cobalt ▪ Large scale (~100 line km) magnetotelluric (MT) survey system has identified a suite of new copper drill targets ▪ BM1: Coherent zone of shallow copper oxide mineralisation. Best intersections include: — 10m @
Slide 19: Yeneena Copper-Cobalt Project – Paterson Province WA
Yeneena Copper-Cobalt Project – Paterson Province WA ▪ 2019 program included the first use of several advanced exploration technologies, including: — A large-scale magnetotelluric survey (~100 line- km) to advance 3D target definition – completed in July 2019 — End-of-hole trace multi-element geoche
Slide 20: Copper-Gold Targets in the Paterson Province (100% ENR)
Copper-Gold Targets in the Paterson Province (100% ENR) ▪ Broad zones of copper-gold anomalism associated with a series of discrete magnetic anomalies located on a regional scale gravity lineament ▪ Structural setting of Lamil is analogous to Rio Tinto’s Winu copper-gold discovery Regional gravity o
Slide 21: Broad Zones of Copper-Gold Anomalism at Lamil
Broad Zones of Copper-Gold Anomalism at Lamil ▪ Shallow historical drilling by Newmont in the 1980s, targeting gold, intersected thick zones of strong copper anomalism* A ▪ Historical drilling targeted magnetic anomalies LSPC 1 – ▪ Induced Polarisation (IP) survey completed July 33m @ 0.1 Cu and 0.5
Slide 22: Induced Polarisation (IP) Survey at Lamil
Induced Polarisation (IP) Survey at Lamil ▪ Chargeability anomalies adjacent to modelled magnetic anomaly in an area of no previous drilling ▪ Anomalies may represent stronger sulphide development within the larger 2km long zone of Target 1 LSPC 1 – intense alteration 33m @ 0.1 Cu and 0.5 g/t Au fro
Slide 23: A Leading Project Generator
A Leading Project Generator New ideas, data and technology Filtering and progressing targets Large exploration programs through partnerships Generating and effectively Advancing earlier stage 100% owned Collaborating with high quality evaluating new projects targets to determine scale and potential
Slide 24: Investment proposition
Investment proposition At the forefront of a major exploration revival in the world-class Paterson Province and Tanami regions Extensive, well funded exploration programs “ Our Project Generator model provides Encounter shareholders with significant leverage to a pipeline of potential Tier 1 project
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