Ausquest Limited · ASX:AQD
Ausquest — RIU Conference (October 2018)
19 slides from Ausquest's conference presentation, Oct 15, 2018
Slide 1: AQD - South32 Strategic Alliance
For personal use only AQD - SOUTH32 STRATEGIC ALLIANCE > A$10.0M Exploration Spend - 2018 Eleven Projects subject to SOUTH32 S.A.A. Five Projects being Drilled in 2018 $14 MILLION MARKET CAPITALISATION
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
C A P I TA L S T R U C T U R E AusQuest Limited Significant Shareholder For personal use only Chris Ellis (NED) 19.84% ASX Code AQD Directors (Incl C.E.) 23.28% Shares on Issue 526.5 million Citicorp Nominees Pty Ltd 2.16% Options on Issue Nil Top 20 (approx) 43.73% Market Cap. (at 2.6 cents) ~$13.6
Slide 4: Company Background
C O M PA N Y B A C K G R O U N D For personal use only • Focused on large scale provincial opportunities • Major base metals targeted - Cu Zn/Pb Ni • High impact / low overhead exploration • Business model – dilute project level rather than equity • Focused Geography – 2 countries (Aust / Peru) • St
Slide 5: South32 Strategic Alliance
S O U T H 3 2 S T R AT E G I C A L L I A N C E For personal use only • South32 fund drill targeting (US$0.5M) of selected prospects & drilling of agreed targets (US$4.0M for 70%) • Bonus payments help finance Project Generation • AusQuest manage programs including drilling • Strong support for early
Slide 6: Alliance Projects - 10/18
ALLIANCE PROJECTS - 10/18 Projects Location Target STATUS Current Program For personal use only Chololo Peru Cu S32 right to earn 70% DDH (10/5300m) – Assessing results Cerro de Fierro Peru Cu-Au S32 right to earn 70% Drilling in progress (7/3500m) Los Otros Peru Cu S32 Expl. Opportunity Under Asses
Slide 7: Peru Projects – Copper Country
PERU PROJECTS – COPPER COUNTRY For personal use only 7
Slide 8: Chololo – Porphyry Cu Prospect
CHOLOLO – PORPHYRY CU PROSPECT For personal use only • Close to infrastructure – road, rail, power - 20km from Ilo port – 1100m RL • Initial drilling completed (10/5300m) – final results & assessment pending 8
Slide 9: Chololo – Schematic Drill Intercepts
C H O L O L O – S C H E M AT I C D R I L L I N T E R C E P T S For personal use only • Wide spaced drilling (+500m) intersected large scale porphyry alteration • Alteration can provide vectors to mineralisation • Advanced argillic in CDDH09 & 04 • Phyllic in CDDH06, 04 & 09 • Pyrite & base metal hal
Slide 10: Chololo – Porphyry Cu Targets?
C H O L O L O – P O R P H Y RY C U TA R G E T S ? For personal use only • Initial indicators suggest possible porphyry centre(s) close to the Chololo Fault 10
Slide 11: Cerro de Fierro – New IOCG Target(s)
C E R R O D E F I E R R O – N E W I O C G TA R G E T ( S ) For personal use only • Close to Marcona (Fe), Mina Justa, Pampa Pongo (Fe-Cu-Au) & Los Chapitos (Cu) • Magnetic target(s) identified from Company’s proprietary airborne data • Extensive Cu & regional scale potassic alteration implies IOCG p
Slide 12: Cerro de Fierro – Drill Program
CERRO DE FIERRO –DRILL PROGRAM For personal use only A H G B • Large scale IP / magnetic target associated Cu-Au anomalies – IOCG / Manto? • Second target to be drilled in Peru (~3500m) under Strategic Alliance (S32) 12
Slide 13: Australia – Projects (South32)
AUSTRALIA – PROJECTS (South32) For personal use only • Focus on large scale base metal projects (WA - QLD) • 7 projects being tested under Strategic Alliance in 2018 • Drilling of sediment-hosted Zn targets at Blue Billy JV • Drilling of Ni-Cu targets at Balladonia & Jimberlana • Cu-Ni target defini
Slide 14: Blue Billy JV (South32) – SEDEX Zinc
B L U E B I L LY J V ( S o u t h 3 2 ) – S E D E X Z I N C For personal use only • Fault bound synclines host for SEDEX Zn deposits - Lady Loretta, Teena, HYC, Century Lady Loretta Teena • Wide-spaced RC drilling to test structural targets - Assays pending 14
Slide 15: Jimberlana (South32) Ni-Cu Project
JIMBERLANA (South32) NI-CU PROJECT For personal use only • Jimberlana Dyke - large (200km x 1-2km) highly fertile (Ni) mafic intrusion defined by mag/gravity • Priority massive sulphide targets (Ni-Cu) most likely near base of intrusion (< 800m depth - Jimberlana) • Diamond drilling (2/716m) & DHEM
Slide 16: Balladonia (South32) Ni-Cu Project
BALLADONIA (South32) NI-CU PROJECT For personal use only • Large tenement holding (1040km²) in Fraser Range Region of WA • Six drill targets identified by EM Surveys • Diamond (~1200m) & Aircore (~1300m) drilling to test bedrock conductors (see insert) 16
Slide 17: Possible Drill Timetable (Est.)
P O S S I B L E D R I L L T I M E TA B L E ( E s t . ) Projects Sep Oct Nov Dec Jan Feb Mar April For personal use only Chololo (S32) Drilling ✓ Assess Results ✓ New Drill ? Cu – Peru Cerro de Fierro (S32) Drilling ✓ Assess Results Cu-Au - Peru Blue Billy JV (S32) Drilling ✓ Assess Results Drill? Zn
Slide 18: Why Add AQD to Your Watchlist?
W H Y A D D A Q D TO Y O U R WAT C H L I S T ? For personal use only • High Levels of Activity • Strategic Alliance Funding • Material Opportunities • High leverage – Low EV • Many Market Catalysts 18
Slide 19: Contact
C O N TA C T For personal use only Graeme Drew Managing Director 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au 19