Encounter Resources Limited · ASX:ENR
Encounter Resources — Investor Presentation (November 2022)
25 slides from Encounter Resources's investor presentation, Nov 2, 2022
Slide 1: Investor Presentation November 2022
For personal use only Investor Presentation November 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 (1/11/2022) $0.175 Shares on issue 351M Options 20M Market capitalisation ~$61M Cash (30/9/22) ~$5.4M Enterprise value ~$56M Major shareholders Board of Di
Slide 4: 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 unexplored region Elliott Lamil Copper-Gold (ENR 100%) Extensive mineralised Paterson Dunmarra copper-go
Slide 5: Current Activity and Recent Highlights
Current Activity and Recent Highlights ▪ Copper-REE - Aileron - West Arunta, WA (100% ENR) For personal use only — Niobium-REE mineralised carbonatite discovery by WA1 Resources (ASX:WA1) — Highlights the region’s potential for IOCG and carbonatite-hosted REE deposits — Airborne magnetic-radiometric
Slide 6: West Arunta, Western Australia
For personal use only West Arunta, Western Australia: The next major copper and rare earths exploration focus in WA 6
Slide 7: Aileron Copper-Rare Earths Project (100% ENR)
Aileron Copper-Rare Earths Project (100% ENR) A new rare earth and IOCG province in Australia? ▪ Commanding land position in the underexplored West Arunta with +100km long Aileron project For personal use only ▪ Three new rare earths (“REE”) occurrences recently identified in the belt including the
Slide 8: Niobium-REE mineralised carbonatite system <1km from Aileron
Aileron Copper-Rare Earths Project (100% ENR) Niobium-REE mineralised carbonatite system <1km from Aileron For personal use only ▪ Reconnaissance rock chip sampling returned 0.5% TREO ▪ Discrete, coincident gravity-magnetic anomalies identified ▪ WA1 niobium-REE mineralised carbonatite discovery hig
Slide 9: One of the most prospective regions in Australia for IOCG deposits
Aileron Copper-Rare Earths Project (100% ENR) One of the most prospective regions in Australia for IOCG deposits For personal use only ▪ Only exploration drill hole completed at Aileron (EAL001) (depth of 158m) — contained zones of anomalism in copper (up to 0.1% Cu), gold (up to 48ppb Au), molybden
Slide 10: Magnetic/Radiometric survey commencing to refine targets
Aileron Copper-Rare Earths Project (100% ENR) Magnetic/Radiometric survey commencing to refine For personal use only carbonatite and IOCG targets Aileron Cu-REE project – Magnetics (TMI) 10 Refer to ASX announcement 27 October 2022
Slide 11: Northern Territory
For personal use only Northern Territory: Fast emerging as one of the most significant global opportunities for copper and lithium 11
Slide 12: Junction and Sitch Lithium Projects (100% ENR)
Junction and Sitch Lithium Projects (100% ENR) Northern Arunta Pegmatite Province For personal use only ▪ Encounter controls a significant part of the North Arunta Pegmatite Province identified by the NT Geological Survey (“NTGS”) ▪ NTGS interpret LCT pegmatites similar to the host pegmatites of the
Slide 13: Junction Lithium Project: Crawford target
Junction Lithium Project (100% ENR) Crawford target For personal use only ▪ Located at the intersection of two important, LCT-controlling structures ▪ A series of the most lithium rich occurrences in the Northern Arunta Pegmatite Province (controlled by Core Lithium Ltd (ASX:CXO)) are trending along
Slide 14: Sandover Copper Project (100% ENR)
Sandover Copper Project (100% ENR) Outcropping shale units that contain copper mapped for more than 20km For personal use only ▪ Partially exposed Neoproterozoic Basin in the Georgina - 170km north-east of Alice Springs ▪ Copper mineralisation at surface returned assays up to 20.9% Cu and a suite of
Slide 15: 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 16: Elliott Copper Project
Elliott Copper Project BHP-funded diamond drilling (~2,000m) in progress 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 exploration opp
Slide 17: 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 ▪ Reprocessing of seismic lines has defined a number of ground-breaking, new drill targets at the Jessica and Carrara projects in the NT ▪ Diamond drilling is planned at Car
Slide 18: Jessica Copper Project: Zeta IOCG Target
Jessica Copper Project Zeta IOCG Target For personal use only ▪ Drilling at Jessica is planned to include the testing of newly defined Zeta IOCG target: — coincident magnetic-gravity anomaly — discrete seismic reflector — located adjacent to a regionally significant deep feeder structure Zeta IOCG t
Slide 19: Paterson Province, Western Australia
For personal use only Paterson Province, Western Australia: New large scale copper- gold discoveries 19
Slide 20: Lamil: Copper-gold system established (100% ENR)
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 21: 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 2
Slide 22: Yeneena Copper
Yeneena Copper Paterson Province is a proven mineral region with a history of discoveries For personal use only ▪ Exploration at Yeneena is focused on discovering high-value sediment-hosted copper deposits ▪ ~1,450km² of the Paterson Province ▪ IGO can sole fund $15 million in exploration expenditur
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 Aileron Copper-Rare Earths Project –WA Elliott Copper Project - NT ▪ IOCG style copper-gold-REE in drilling (up to $25m farm-in funding) ▪ Olympic Dam age mineralisation events ▪ Targeting s
Slide 24: Upcoming News
Upcoming News For personal use only ▪ Aileron IOCG-REE (100% ENR) - WA – Completion of magnetic-radiometric survey Nov-Dec 2022 ▪ Junction Lithium (100% ENR) – NT – Reconnaissance-surface sampling completion Nov-Dec 2022 ▪ Sandover Copper (100% ENR) – NT - Gravity survey, drill target identification
Slide 25: 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 25
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