Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2011)
23 slides from Ausquest's shareholder meeting presentation, Nov 22, 2011
Slide 1: AusQuest Annual General Meeting
For personal use only AusQuest Annual General Meeting 22nd November 2011 Managing Director Presentation
Slide 2: Disclaimers
DISCLAIMERS For personal use only Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by AusQuest Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates
Slide 3: Capital Structure
Capital Structure For personal use only • Listed securities 228m • Unlisted Options 7M staff Options • Major shareholders Cliffs 30%, Passport Capital 6.5%, Hamersley 4.6%, C Ellis 4.7% • Cash Position $8.5M (Oct 2011) $1.125M due Jan 2012 from Rocklea sale
Slide 4: Where are we now?
Where are we now? For personal use only • Strong balance sheet but recognise need for capital retention in current economic climate • Continuing support from strategic alliance with Cliffs with new joint initiative in Peru • Gold in West Africa remains a major focus for the company • Definitive test
Slide 5: West Africa Exploration Update
West Africa Exploration Update For personal use only • High grade gold-silver VMS system discovered at Phaco Hill with potential along strike, at depth & at Sangigee (3km north) • Gold bearing structures identified at Siniko West and Siniko Central • Numerous gold soil anomalies with potential for o
Slide 6: Comoe Joint Venture – Bukina Faso
Comoe Joint Venture – Bukina Faso For personal use only • Equity – AusQuest 80% : Endeavour 20% • Land Holding – 920km² within Banfora Greenstone Belt • Under-explored region of gold-rich West African Shield
Slide 7: Comoe Joint Venture - Prospectivity
Comoe Joint Venture - Prospectivity For personal use only • Banfora Greenstone Belt under explored • Numerous artisinal workings • Major gold deposits in nearby G/S Belts • Prospective major shear zones identified • Extensive surface sampling prior to the Comoe JV • No drilling prior to 2005 • AusQu
Slide 8: Phaco Hill Gold-Silver Discovery
Phaco Hill Gold-Silver Discovery For personal use only • At least 3 gold bodies identified by drilling – all are steeply plunging. • Strong gold – silver association with potential for zinc & lead. • Numerous high gold grades intersected. • Gold is open along strike and at depth. • Large mineralised
Slide 9: Phaco Hill Long Section
Phaco Hill Long Section For personal use only 1km NB: Phaco East not on this section • Steeply plunging gold (silver) shoots • Mineralisation intersected at depths below 200 metres and still open. • High gold grades but limited strike length near surface – underground potential • Targeted systematic
Slide 10: Phaco Hill Cross sections
Phaco Hill Cross sections For personal use only Phaco South Phaco North Section 1102550N Section 1102100N • Gold grade improving with depth? • High silver grades add potential value. • Gold is continuous with depth. • Thicker mineralisation at Phaco North but lower grades near surface. • High gold g
Slide 11: VMS Gold Deposits in Canada
VMS Gold Deposits in Canada For personal use only 200m 1000m LaRonde – Doyon Camp contains +23 Mozs Au. LaRonde is a depth extensive, subvertical VMS system with alteration assemblages similar to those at Phaco Hill.
Slide 12: Komoe Gold Targets
Komoe Gold Targets For personal use only • Numerous gold prospects within 5km radius of Phaco to be tested • Strike Extensions of Phaco & gold bearing sulphides at Sangigee • Gold soil anomalies (+100ppbAu) along mylonite zone bounding volcanics • Thick zones of gold (0.2 to 0.5g/tAu) intersected at
Slide 13: Australia Exploration Update
Australia Exploration Update For personal use only • Structural and stratigraphic targets identified at the Stanley Manganese Project • RC drilling (~3000m) scheduled to start in late November • Three coherent gold prospects (+/- anomalous Cu, Ag & Zn) identified by shallow RAB drilling at Dundas •
Slide 14: AusQuest Australian Projects
AusQuest Australian Projects For personal use only Mt Ramsay Plenty River Cu Stanley Mn Teriwa Cu-Au Earoo Ni Finke Cu-Au Dundas Au Active Projects Active projects New Projects
Slide 15: Stanley Manganese Project
Stanley Manganese Project For personal use only • Large scale project • 3500km² of title in the Earaheedy Basin • Mn widespread & found at various stratigraphic levels • Thick low grade Mn intercepts from broad spaced drilling • Structural controls believed important to locate higher grades • VTEM a
Slide 16: Stanley Manganese Prospects
Stanley Manganese Prospects For personal use only • Previous drilling offset from gravity highs • Higher density due to carbonate +/- Mn? • VTEM located possible structures with clay alteration (+/-Mn?) adjacent to areas of initial drilling
Slide 17: Dundas Gold Project
Dundas Gold Project For personal use only •Project located 200km SW of Tropicana (+5Moz Au) in similar terrain •Numerous gold & copper anomalies Proterozoic - Archaean outlined by recce surface sampling boundary – Gold target of tenements Kalgoorlie •RAB drilling (22,000m) confirmed gold in weathere
Slide 18: Dundas Gold Prospects
Dundas Gold Prospects For personal use only
Slide 19: Teriwa Cu-Au Prospect (Qld)
Teriwa Cu-Au Prospect (Qld) For personal use only • Tenements granted Sept’11- SW of Mt Isa - north of Diamantina • Potential large IOCG target. Detailed gravity in 2012 – potential JV?
Slide 20: Peru Initiative
Peru Initiative For personal use only • Highly prospective country for IOCG and Porphyry Cu deposits • Under-explored compared to Chile which is world’s largest copper producer • Joint venture with Cliffs extends strategic alliance and helps fund early stage exploration • Both parties commit US$1.0M
Slide 21: Peru Joint Venture
Peru Joint Venture For personal use only • JV area covers ~ 45,000km² of southern Peru coastal belt • Proprietary survey flown to identify potential IOCG targets • At least 13 areas of interest located • 1000km² of title applications submitted - in progress
Slide 22: Peru IOCG Targets
Peru IOCG Targets For personal use only • Examples of potential IOCG targets under title application • Field work to start early 2012
Slide 23: New Opportunities
New Opportunities For personal use only • Project generation is the company’s lifeblood • New opportunities continue to be sought to add value to the company • Gold and base metal opportunities continue to be evaluated in West Africa • Opportunities in Peru expected to increase with our presence in