Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2014)
23 slides from Encounter Resources's shareholder meeting presentation, Nov 28, 2014
Slide 1: 2014 Annual General Meeting 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 For personal use only 28 November 2014 ASX : ENR 2014 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS AND MANAGING DIRECTOR PRESENTATION The 2013/14 year was an evolving one for Encoun
Slide 2: Chairman's Address (continued)
Encounter continues to expand and advance new opportunities at the Yeneena project. The 2014 field season saw the first systematic exploration completed at the 100% owned Fishhook copper prospect located 20km north of the BM1/BM7 copper discovery. We have also completed the first ever drilling at th
Slide 3: Annual General Meeting 28 November 2014
For personal use only Annual General Meeting 28 November 2014 ASX : ENR
Slide 4: Investment Summary
INVESTMENT SUMMARY Greenfields Cu Discovery – BM1-BM7 For personal use only • Large scale Cu system >14km long and growing Yeneena • $20m farm-in with Antofagasta plc Project • 140m @ 0.2% Cu in final 2014 drill hole Fishhook Cu Opens Northern Corridor • Visible blebs of Cu sulphide mineralisation •
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. Issued Capital 133.8m Ordinary Shares 4.8m Employee Options Market Cap. A$20m @
Slide 6: ENR Share Price
ENR SHARE PRICE ENR vs ASX Small Resources Index For personal use only ENR.ASX XSR.ASX 200% 180% 160% 140% 120% 100% 80% 01 Jul 13 30 Sep 13 02 Jan 14 04 Apr 14 10 Jul 14 09 Oct 14 4
Slide 7: The Right Commodities
THE RIGHT COMMODITIES Price Change since 30 June 2014 For personal use only Copper Zinc Iron Ore Oil 10.00% 0.00% -10.00% Copper and zinc prices demonstrating remarkable strength against general -20.00% negative commodity sentiment. Copper and zinc prices underpinned by -30.00% strong fundamental de
Slide 8: Copper & Zinc Outlook Strong
COPPER & ZINC OUTLOOK STRONG “The outlook for copper demand remains compelling as emerging economies transition to consumption-led growth. Beyond 2018, a For personal use only significant deficit is expected to emerge’’ - Mike Henry, President, HSE, Marketing & Technology – Nov 2014 Forecasting ~45%
Slide 9: Yeneena Project
YENEENA PROJECT Major land position amongst giant mineral deposits For personal use only 7
Slide 10: BM1 - BM7 Prospects
BM1 - BM7 PROSPECTS Copper mineral system 14km long and growing For personal use only BM1 Coherent zone of near surface Cu oxide mineralisation 10m @ 6.8% Cu from 32m 16m @ 3.2% Cu from 26m (2014)* 50m @ 1.1% Cu from 12m (2014)* 5km BM7 6 x 3km Cu mineral system containing high grade Cu sulphide 5m
Slide 11: BM1 Copper Discovery
BM1 COPPER DISCOVERY • Significant copper intersected from 2014 in-fill and extensional drilling at For personal use only the BM1 Prospect: • 45m @ 1.4% Cu from 12m incl. 16m @ 3.2% Cu from 26m • 18m @ 3.2% Cu from 32m incl. 9m @ 6.0% Cu from 37m • 50m @ 1.1% Cu from 12m incl. 19m @ 2.3% Cu from 31m
Slide 12: BM7 Copper Discovery
BM7 COPPER DISCOVERY • Final diamond hole of 2014, EPT2158, For personal use only intersected a broad zone of copper sulphide mineralisation (140m @ 0.2% Cu) including several bands grading over 1% Cu and 1.3m @ 3.2% Cu from 250m (refer ASX announcement 31 October 2014) • EPT2158 is located 400m nor
Slide 13: Fishhook Prospect
FISHHOOK PROSPECT • VTEM survey completed June 2013 For personal use only • Significant north-east trending structure that mirrors the BM1-BM7 copper system • Shallow sand cover with minimal previous exploration Moby Dick Orca • 7,500m AC drilling program Sept 2014: • Orca - assays up to 2m @ 0.4% C
Slide 14: Fishhook Prospect
FISHHOOK PROSPECT The first diamond drill program intersected disseminated and For personal use only blebby copper sulphide mineralisation within a sequence containing highly oxidised ‘red-rock altered’ sediments Chalcopyrite mineralisation from the Orca Prospect ~305m Drill core exhibiting key elem
Slide 15: Additional Ground Acquired
ADDITIONAL GROUND ACQUIRED • Fishhook drilling opens up the For personal use only potential for further sediment hosted copper occurrences along this the northern corridor • Encounter to acquire 100% interest in Exploration Licences E45/3768 and E45/4091 from Hammer Metals Ltd Fishhook • Considerati
Slide 16: Yeneena Project
YENEENA PROJECT Major land position amongst giant mineral deposits For personal use only 14
Slide 17: BM2/Millennium Zinc
BM2/MILLENNIUM ZINC Large Scale Zinc Mineral System For personal use only • High grade zinc/silver intersected in the first diamond hole into key geological contact at BM2 • 0.7m @ 36.5% zinc and 37g/t silver (refer ASX announcement 13 December 2013) • Zinc regolith anomalism along this target conta
Slide 18: Millennium Zinc
MILLENNIUM ZINC Zinc sulphide mineralisation in all four diamond holes drilled For personal use only (refer ASX announcement 15 October 2014 and 27 November 2014 for Millennium results) 16
Slide 19: Millennium Zinc
MILLENNIUM ZINC • The two hole program was For personal use only expanded to a four hole program • 1,700m diamond drilling program complete • Co-funded under the WA Photo 1: Millennium prospect – EPT2198 (~235.6m) Government EIS (up to Sphalerite (brown) and pyrite in brecciated carbonate core sampl
Slide 20: 2014 Milestones
BM7 – 2014 MILESTONES High grade copper intersections expand BM1 oxide footprint For personal use only Thick zone of copper sulphide at BM7 140m @ 0.2% Cu Copper sulphides intersected in first diamond drill program at Fishhook – Opening up northern corridor Large scale zinc mineral system at
Slide 21: Summary
SUMMARY Yeneena – Australia’s Next Great Mineral District? For personal use only • Large scale copper system over 14km long and growing • Major mining company funding through Antofagasta farm-in • Key ground position secured (>1850km2) • Large scale zinc discovery at 100% owned BM2/Millennium • Fund
Slide 22: Acknowledgements
ACKNOWLEDGEMENTS Our employees and contractors For personal use only Our earn-in partner Antofagasta Drilling contractors DDH1 and Strike Drilling Our shareholders THANK YOU 20
Slide 23: 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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