Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2007)
28 slides from Ausquest's shareholder meeting presentation, Nov 28, 2007
Slide 1: AGM - November 2007 Managing Director's Report
For personal use only AGM - November 2007 Managing Director’s Report
Slide 2: AusQuest Structure
AusQuest Structure For personal use only $4.7m cash (Oct 07) to fund ongoing exploration Capital Structure • Listed Shares (AQD) 126.2m • Listed Options 94.9m (exp 30/11/2009) • Unlisted Options 20.0m (exp Aug-08 to Jun-11) • Market Capitalisation $34m ($0.27)
Slide 3: AusQuest Projects
AusQuest Projects For personal use only Beasley Rocklea RockleaFe Fe BeasleyNi-Cu-PGE Ni-Cu-PGE Drummond DrummondGold Gold Plenty PlentyRiver River Table TableHill HillMn, Mn,Ni-Cu-PGE Ni-Cu-PGE Bellary BellaryNi-Cu-PGE Ni-Cu-PGE Diamantina DiamantinaCu-Au-U Cu-Au-U Sylvania SylvaniaU3O8 U3O8&&NiNi
Slide 4: Project Status - November 2007
Project Status - November 2007 For personal use only • Ore grade Mn intersected and large size potential inferred at Table Hill with more conductors to test • Large (25km²) gravity/magnetic targets with obvious IOCG potential identified at Diamantina - south of Mt Isa • Channel iron from Rocklea (ne
Slide 5: Table Hill Project - Regional Geology
Table Hill Project - Regional Geology For personal use only Anomaly 1 New EL applications Geotem Survey 0 50km
Slide 6: Table Hill Anomaly – Manganese target
Table Hill Anomaly 1 – Manganese target For personal use only •Ore grade Manganese intersected at 290 metres •DHEM confirms massive Mn is cause of Geotem response 3.9 metres @ 47.5%Mn •Large size potential indicated by Geotem data •Sheet-like conductor (Mn) shallows to the north Geotem Image - Chann
Slide 7: Table Hill Anomaly – Manganese target
Table Hill Anomaly 1 – Manganese target For personal use only • Modelled Geotem data shows flat-lying zone of anomalous conductivity ~3km wide • Massive Mn intersection coincides with centre of anomalous conductivity • DHEM confirmed Mn intersected in THDDH01 is the conductor
Slide 8: Table Hill Anomaly – Manganese Target
Table Hill Anomaly 1 – Manganese Target For personal use only • High grade Manganese intersected on FL4082 FL separation 250 metres • Conductivity-depth sections show flat-lying conductor is continuous from line to line • Target shallows north (120m) 0 5 km and deepens south (300m) 3.9m @ 47.5%Mn FL
Slide 9: Table Hill - Manganese Core
Table Hill - Manganese Core For personal use only
Slide 10: Table Hill – Prospect Summary
Table Hill – Prospect Summary For personal use only Magnetic Image Manganese Targets Priority 1 THD02 Priority 2 THD03 Savory Nickel Target Area THD01 Mn in surface lag 0 50km
Slide 11: Diamantina Iron-oxide Cu-Au-U Project
Diamantina Iron-oxide Cu-Au-U Project For personal use only Gravity Image • New gravity/magnetic data (Govt) highlights potential for IOCG • Project on southern margin of Mt Isa Block at junction of crustal scale NE and NW structures • Base metal provinces known to the north (Mt Isa) and south (Olym
Slide 12: Diamantina Magnetics
For personal use only Diamantina Magnetics
Slide 13: Diamantina Gravity
Diamantina Gravity For personal use only 0 20 40 kilometres
Slide 14: Diamantina Models infer IOCG Target
Diamantina Models infer IOCG Target For personal use only • Best-fit model shows blanket of high density (4.0g/cc) material overlying strongly magnetic (35,000x10-5SI) source rocks • Results infer Fe rich target below basin sediments (800 -1000m depth) • Targets are in excess of 20km² in size and pr
Slide 15: Rocklea Channel Iron Project (75% AQD)
Rocklea Channel Iron Project (75% AQD) For personal use only
Slide 16: Rocklea Channel Iron Project (75%AQD)
Rocklea Channel Iron Project (75%AQD) For personal use only Diamond Drill-hole - 2007 10 80 0E RKD43 RKD42 2005 2006
Slide 17: Rocklea Iron Core
Rocklea Iron Core For personal use only •Channel iron intersected RKD 43 from surface to depths of +40 metres RKD 42 •Clay and silica alteration in upper part of drill hole •Clay zones irregular in shape General continuity between drill holes
Slide 18: Rocklea - RKD42 Test Program
Rocklea - RKD42 Test Program For personal use only 24m 33m Siliceous Pisolite Fe Pisolite 29m 19m Mixed clay and Fe Pisolite •Testwork on core has commenced 14m •Main target is mixed clay and Fe pisolite zones (0 to 20 m depth) •1st Stage - crushing and screening •2nd Stage - agitated wash and wet 1
Slide 19: Nickel Exploration Progress – 2007
Nickel Exploration Progress – 2007 For personal use only Beasley – 8holes/2305m - further disseminated Ni-Cu- PGE sulphides intersected, target channel extended Sylvania – 1 hole/250m – 3m of semi massive sulphide intersected – likely sediment - results awaited Bellary – 8holes/1340m – Highly anomal
Slide 20: Beasley Nickel – 2007 Drilling
Beasley Nickel – 2007 Drilling For personal use only 2005-06 drill hole Drill target Ni-Cu-PGE in soils 2008 2007 drill hole 16 Ni-Cu-PGE Sulphides D16 - 8.4m @ 0.29%Ni, 764ppmCu, 0.20g/t PGE D7 - 4.3m @ 0.26%Ni, 569ppmCu, 0.11g/t PGE D19 - 10.0m @ 0.27%Ni, 697ppmCu, 0.19g/t PGE
Slide 21: Bellary Nickel (75% AQD) – Summary
Bellary Nickel (75% AQD) – Summary For personal use only Hardey Prospect •Ni prospectivity of ultramafic flow rocks downgraded by 2007 drilling 2007 Drill-holes •More drilling needed at Hardey - (2008) •Initial drilling ultramafic sills rocks – (2008) Anomalous Pt in soils Target lithologies Gossan
Slide 22: Bellary Nickel – Hardey Prospect
Bellary Nickel – Hardey Prospect For personal use only Gossan – 140ppm Ni, 1800ppm Cu, 0.23g/t PGE Target Area BD07 BD08 2.0m @ 0.35%Ni, 660ppmCu, 1.0g/t PGE •Limited exploration (2 drill holes) •Highly anomalous PGEs (+Ni & Cu) in BD07 •Grid based surface sampling +/- geophysics to define targets f
Slide 23: Drummond Gold Project - Deep Drilling
Drummond Gold Project - Deep Drilling For personal use only • Targeting sediment hosted gold similar to that found at Carlin in Nevada (USA) • Deep drilling tests thick sedimentary sequence above an interpreted intrusion within Drummond Basin sediments • 50% of direct drilling costs (up to $150,000)
Slide 24: Drummond Gold Project - Location
Drummond Gold Project - Location For personal use only
Slide 25: Drummond Gold - Pocket Dam Prospect
Drummond Gold - Pocket Dam Prospect For personal use only Magnetic model Gravity contours PDD07 ion l sect PDD07 de Mo •PDD07 completed at 820 metres in magnetic granodiorite (?) •Favourable sediments included calcareous mudstones, limestones and volcanoclastics •Bleaching & veining (+/- sulphides)
Slide 26: Sylvania Uranium Project
Sylvania Uranium Project For personal use only • Widespread airborne uranium anomalies in bedrock and drainage • Anomalous assays from surface ironstones - up to 348ppm U3O8 1640ppm Pb, 0.99% Ce • Secondary uranium potential evident within calcretes in palaeodrainages– surface assays up to 130ppm U3
Slide 27: Sylvania Uranium Drilling
Sylvania Uranium Drilling For personal use only RC drill hole Rock chip sample 0 3km
Slide 28: AusQuest in 2008
AusQuest in 2008 For personal use only • Table Hill manganese – drilling in 2Q 2008; scoping study in 2H 2008? • Diamantina IOCG – drilling in 2Q 2008 • Rocklea iron – Test results in 1Q 2008; scoping study incl. access to infrastructure in 2008? • Nickel in 2008 – Drilling at Beasley; upgrade targe