Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2013)
23 slides from Ausquest's shareholder meeting presentation, Nov 26, 2013
Slide 1: Fraser Range Annual General Meeting
For personal use only Fraser Range Annual General Meeting 26th November 2013 Managing Director Presentation Peru
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 (post placement & SPP)
C A P I TA L S T R U C T U R E ( p o s t p l a c e m e n t * & S P P ) For personal use only AusQuest Limited Shareholders ASX Code AQD Chris Ellis (NED) 9.5% Shares on Issue 297.5 million Hamersley Holdings (Rio Tinto Plc) 3.5% Top 20 33% Options on Issue 76.7 million Market Cap. (at 2.7 cents) ~$8
Slide 4: Introduction
INTRODUCTION For personal use only • Successful capital raising ‐ $2.75M (pending shareholder approval) provides funds for drilling at Fraser Range and Peru • Focus on large provincial Nickel‐Copper‐Gold plays • In Australia ‐ 4 Fraser Range Ni‐Cu targets to be drilled between Dec 2013 & Jan 2014 •
Slide 5: Five Large Fraser Range Ni-Cu Targets
FIVE LARGE FRASER RANGE NI-CU TARGETS For personal use only 80km Dundas Project (100% AQD) Tenement Package Dundas Project The 5 (100% Alpha, Beta, AQD) Omega, Tenement Lambda and Package Zeta Anomalies 5
Slide 6: Fraser Range Ni-Cu Project, WA
F R A S E R R A N G E N I - C U P R O J E C T, W A For personal use only Extensive cover • Shallow drilling and magnetics outline possible mafic/ultramafic sequences • VTEM and ground EM locates drill targets 6
Slide 7: Dundas Magnetics & VTEM Images
DUNDAS MAGNETICS & VTEM IMAGES For personal use only EM Targets in structurally complex area close to dome-like structure &/or intrusion? • Alpha, Beta, Omega & Zeta located by VTEM Survey • Lambda located by ground EM 7
Slide 8: Dundas Surface Geochemistry
DUNDAS SURFACE GEOCHEMISTRY For personal use only Low level Ni, Cu anomalism at surface in the general area of EM targets 8
Slide 9: Fraser Range EM Drill Targets
F R A S E R R A N G E E M D R I L L TA R G E T S For personal use only Lambda – strong conductor - 800m long & 50m to 150m wide - plunges north – shallowest depth ~200m 9
Slide 10: Fraser Range EM Drill Targets
F R A S E R R A N G E E M D R I L L TA R G E T S For personal use only Alpha Beta • Strong EM responses • Targets are discrete but sizeable (400m‐800m) • Shallow targets ‐ 50m to Omega 200m depth • Drilling early December 10
Slide 11: Peru Cu-Au Targets
P E R U C U - A U TA R G E T S For personal use only • Large scale porphyry and/or IOCG Cu‐Au targets identified by mapping sampling and ground geophysics • 4 targets under JV with Cliffs recommended for drilling • 4 targets within 100% owned AQD titles ‐ 3 ready for drilling • JV advice expected in
Slide 12: Peru – The Place To Be
PERU – THE PLACE TO BE For personal use only • Excellent copper pedigree • Contains some of the world’s largest copper deposits • The world’s third largest copper producer – 1250ktpa Cu and rising • A mining friendly jurisdiction encouraging exploration • Comparatively under explored especially in c
Slide 13: Targeting Porphyry Copper / IOCGs
TARGETING PORPHYRY COPPER / IOCGS For personal use only • Major producers of copper (70% global production) • Large scale low cost mines with mine lives in the decades • Attractive exploration targets – large footprint – Elephant country – Deposits occur in clusters • “Find one and there are likely
Slide 14: Right Area – Ready for Drilling
RIGHT AREA – READY FOR DRILLING For personal use only Cerro de Fierro IOCG Target Drill ready Lana IOCG Target Drill ready Pinguino Porphyry Cu & IOCG Targets El Jaguay‐Azucar 2 Magnetic Targets Drill ready Colorada, Cardonal, Puite 3 Porphyry Cu Targets Drill ready 14
Slide 15: Undercover – The Real Opportunity
UNDERCOVER – THE REAL OPPORTUNITY For personal use only • Covered areas restricted historic exploration • More Cu deposits to be found under cover • Aeromagnetics used for area selection • Mapping & sampling used to prioritise prospects • Magnetic gravity & IP targets ready for drilling 15
Slide 16: Large Targets Under Cover
L A R G E TA R G E T S U N D E R C O V E R For personal use only CERRO DE FIERRO LANA • Multiple targets confirmed by ground geophysics • Large scale targets with no 1.5km surface expression 4km • Potential IOCG or porphyry Cu‐Au systems • AQD 100% ‐ Lana, Azucar El Jaguay AZUCAR EL JAGUAY 1.8km 1.5
Slide 17: Cerro de Fierro Magnetic Target
CE R R O D E F I E R R O M A G N E T I C TA R G E T For personal use only South ‐400m ‐0m 17
Slide 18: Lana Gravity Target
L A N A G R AV I T Y TA R G E T For personal use only Granodiorite and andesitic volcanics Moquegua Fm Sediments Milo Fm Sediments Sencca Volcanics 18
Slide 19: Multiple Copper Targets
M U LT I P L E C O P P E R TA R G E T S For personal use only AQD Prospect Location THREE LARGE PORPHYRY CU TARGETS TO BE DRILLED 10km 19
Slide 20: Porphyry Cu Target – Ready to Drill
P O R P H Y RY C U TA R G E T – R E A D Y TO D R IL L For personal use only C OCOLORADA L O R A D APROSPECT PROSPECT • Targets defined by combination of anomalous copper and alteration at surface – Magnetic and/or IP anomalies at depth CCARDONAL A R D O N APROSPECT L PROSPECT 3.0km P U I T E P R OPU
Slide 21: Stanley Manganese Project
S TA N L E Y MA N G A N E S E P R O J E C T For personal use only • Cliffs 70% ‐ AQD 30% and operator • Reduced title (600km²) to retain priority targets • 18 targets outlined by VTEM Surveys • Shallow drilling planned for late 2013 and 2014 21
Slide 22: West Africa – Gold Update
W E S T A F R I C A – G O L D U P D AT E For personal use only • Six Exploration Permits being renewed for a further 3 years • New gold prospects found at Kapogouan and Noumousso • Numerous gold prospects still to be tested • Considering opportunities to maximise value for shareholders 22
Slide 23: Planned Key Drilling Activities
PLANNED KEY DRILLING ACTIVITIES For personal use only Fraser Range (Dundas Ni-Cu Project) •Drill site and access preparation in progress •Diamond drilling (7 holes/~2000m) to commence in early December •4 priority EM targets to be tested •DHEM surveys to support drill program Peru (Porphyry Cu and/o