Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2017)
22 slides from Encounter Resources's shareholder meeting presentation, Nov 30, 2017
Slide 1: Chairman's Address and AGM Presentation
Level 7, 600 Murray Street West Perth WA 6005 PO Box 273 West Perth WA 6872 P 08 9486 9455 F 08 9486 8366 www.enrl.com.au For personal use only 30 November 2017 Company Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street Sydney NSW 2000 Chairman’s Address and AGM Presenta
Slide 2: Chairman's Address (continued) and Background
On the corporate front, we undertook a placement and share purchase plan to raise $3.6m. This was our first capital raising since 2015 and was well supported by new and existing shareholders. Directors also contributed $280k to this raising. Our register remains in a strong position with only 192m s
Slide 3: New Gold Discoveries in a Prolific District
ASX : ENR For personal use only New Gold Discoveries in a Prolific District Annual General Meeting - 30 November 2017
Slide 4: Disclaimer & Compliance Statement
DISCLAIMER This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a For personal use only professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and th
Slide 5: Encounter at a Glance
ENCOUNTER AT A GLANCE Making New Gold Discoveries near the 30 million Oz Telfer Deposit, Advancing Tier 1 Project Pipeline in WA For personal use only Company Capital structure Snapshot Location map ASX ticker ENR Share price (29/11/2017) A$0.095 Shares on issue 192M Options and performance rights 1
Slide 6: Scale Opportunities in a First World Jurisdiction
SCALE OPPORTUNITES IN A FIRST WORLD JURISDICTION For personal use only Telfer Region Gold Project Generation Alliance with Newcrest Yeneena - Copper-Cobalt New discoveries in the shadow of the Large landholdings in a prospective Targeting leverage to Tier 1 deposits Telfer headframe structural setti
Slide 7: Fundamentally Driven Exploration Strategy
FUNDAMENTALLY DRIVEN EXPLORATION STRATEGY ❖ Utilising modern technology in known mineral provinces For personal use only to generate superior shareholder returns Encounter ❖Why we have Exploration Strategy focused on the Paterson Province? ❖ Proven fertility to produce major deposits ❖ Large outcrop
Slide 8: Encounter Resources Limited
2@ encounter RESOURCES LIMITED
Slide 9: Targeting Mineralised Domes in the Shadow of a Giant
TARGETING MINERALISED DOMES IN THE SHADOW OF A GIANT Schematic of the 30 million Oz Telfer Deposit For personal use only Prospective for Telfer style gold-copper Targeting Mineralised Domes north-west of Telfer ❖ mineralisation contained within: Telfer Member ❖ High grade stratabound reefs Siltstone
Slide 10: Shallow High Grade Gold Reefs at East Thomson's Dome
SHALLOW HIGH GRADE GOLD REEFS AT EAST THOMSON’S DOME ❖ 5km north-west of Telfer For personal use only New High Grade Gold Reefs Discovered near 30 million Oz Giant ❖ Historical exploration (1980’s-90’s) includes 438 holes: average depth 28m, only 10 holes >100m ❖ Historical high grade gold reefs inc
Slide 11: +2km Soil Geochem Anomaly - Significant Scale Potential
+2KM SOIL GEOCHEM ANOMALY - SIGNIFICANT SCALE POTENTIAL ❖ Widespread coarse gold identified Coarse gold recovered from East Thomson’s Dome project in June 2017 For personal use only across the East Thomson’s Dome associated with multiple known gold bearing reefs ❖ New targets where surface gold nugg
Slide 12: East Thomson's Drill Program Recently Completed
EAST THOMSON’S DRILL PROGRAM RECENTLY COMPLETED RC/Aircore Drill Program October/November 2017 For personal use only ❖ Discovered near surface gold reefs that remain open including: First Drill Program - East Thomson’s Takes Shape 45 Reef ❖ 2m @ 26g/t Au from 178m, part of 6m @ 9g/t Au from 178m Fol
Slide 13: New Gold Discovery at Telfer West
NEW GOLD DISCOVERY AT TELFER WEST Acquired in 2014 based on structural For personal use only ❖ setting New Gold Discovery at Telfer West ❖ Newmont shallow drilling in the 1980s: ❖ 17 diamond holes completed between 1986 and 1991 (average Next Slide depth ~100m) ❖ Numerous holes finished in gold – co
Slide 14: New Data Generating High Value Targets to Increase Scale
NEW DATA GENERATING HIGH VALUE TARGETS TO INCREASE SCALE Tenement granted in Aug 2016 For personal use only ❖ Active Exploration Magnetic ❖ survey completedProgram Generating High Value Targets ❖ Two diamond holes completed Dec 2016 drilled 4km apart - both well mineralised ❖ Broad spaced (~400m x 2
Slide 15: Thick Stockwork Zone at Telfer West – Egg Prospect
THICK STOCKWORK ZONE AT TELFER WEST – EGG PROSPECT For personal use only ❖ Broad, depth extensive, zone of stockwork style gold mineralisation: ❖ 38.6m @ 1.0g/t Au from 333m (incl. 4.2m @ 3.2g/t Au from 333.5m) and ❖ 36m @ 0.6g/t Au from 396m (incl. 3.2m @ 3.3g/t Au from 415.2m) ❖ Thick mineralised
Slide 16: Newly Identified Stockwork Zone at Telfer West
NEWLY IDENTIFIED STOCKWORK ZONE AT TELFER WEST For personal use only ❖ 800m SE along strike from Egg SecondETG0067 Gold Stock-Work pre-collar ❖ 36m @ 0.4g/t Zone Discovered Au from 124m ❖ ETG0068 pre-collar intersected a wide zone of gold mineralisation 30m at 1.1g/t Au from 96m incl. 2m @ 5.0g/t Au
Slide 17: Encounter – Newcrest Project Generation Alliance
ENCOUNTER – NEWCREST PROJECT GENERATION ALLIANCE Project generation alliance with Australia’s largest gold mining company, For personal use only ❖ Newcrest Mining Limited (ASX:NCM) ❖ Newcrest will fund Encounter up to A$500,000 over the next 12 months to generate new ‘camp scale’ exploration opportu
Slide 18: Copper Cobalt
For personal use only COBALT COPPER 16
Slide 19: 70km Copper-Cobalt Corridor South of Nifty
70KM COPPER-COBALT CORRIDOR SOUTH OF NIFTY For personal use only ❖ Proterozoic aged, sediment hosted deposits in the Central African Copperbelt are one of the world’s largest sources of copper and the world’s largest source of cobalt ❖ Similar age and geological setting has been defined in the Yenee
Slide 20: 70km Copper-Cobalt Corridor South of Nifty: BM1-BM7
70KM COPPER-COBALT CORRIDOR SOUTH OF NIFTY 14km long copper Nifty style mineral system at BM1-BM7 For personal use only BM1 BM7 ❖ Coherent zone of near ❖ Large mineral system surface Copper oxide containing high grade Cu mineralization sulphide ❖ 10m @ 6.8% Cu from 32m* ❖ 5m @ 2.5% Cu from 388m* ❖ 2
Slide 21: 70km Copper-Cobalt Corridor: Aria, Lookout Rocks South
70KM COPPER-COBALT CORRIDOR SOUTH OF NIFTY ARIA LOOKOUT ROCKS SOUTH For personal use only 70km Long Copper-Cobalt Corridor ❖ South IOCG style intrusion copper sulphides of Nifty containing ❖ First diamond drill hole intersected copper mineralisation, up to 1% Cu ❖ Discrete density anomaly located ❖
Slide 22: Why Encounter
WHY ENCOUNTER For personal use only ❖ Active explorer in one of the world’s most prospective basins ❖ Targeting shallow gold opportunities with scale potential - known district, near infrastructure ❖ Strong in house expertise to drive target generation ❖ Project generation alliance with Australia’s
Encounter Resources — Shareholder Meeting (November 2017) on 6ix