Slide 1: Leading Project Generators in WA
Leading For personal use only Project Generators in WA AMEC Convention June 2019 ASX: ENR
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement For personal use only This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived
Slide 3: Industry snapshot
Industry snapshot For personal use only Revival of greenfields exploration for covered gold and base metal Tier 1 deposits in Australia Majors and mid-tier companies pursuing growth and restocking project pipelines “ Major, mid-tier, and intermediate mining companies, are now crowding back into the
Slide 4: The Encounter business model
For personal use only The Encounter business model Project generation and exploration in world- Targeting Tier 1 multi-million ounce gold class mineral belts and major base metal discoveries in WA High quality projects and management Progress project pipeline with a mix of supported by mid-tiers and
Slide 5: Project Generator Model
Project Generator Model For personal use only The superior model for exploration – multiple opportunities for Tier 1 discoveries and lower equity dilution Traditional Junior Project Generator Number of Few (1 or 2 flagship projects) Multiple +5 projects Target size Moderate (more likely brownfield)
Slide 6: Encounter at a glance
Encounter at a glance For personal use only Creating value through project generation and discovery Capital Structure ASX ticker ENR ▪ Targeting gold deposits with scale potential in Western Australia: Tanami, Paterson Province, Laverton Tectonic Zone Share price (31/05/2019) $0.07 — Multiple, well
Slide 7: Scale opportunities in a first world jurisdiction
Scale opportunities in a first world jurisdiction For personal use only Tanami and West Arunta Fast-tracking exploration via five joint ventures with Newcrest Paterson Province – Copper-Cobalt Tanami District +20moz Au New approach in a known Cu-Co district with Independence Group Paterson Province
Slide 8: Board and Management
Board and Management For personal use only Highly Experienced Board and Management Mr Paul Chapman Dr Jon Hronsky OAM Non Executive Chairman Non Executive Director B.Comm, ACA, Grad. Dip. Tax, MAICD, MAusIMM BAppSci, PhD, MAusIMM, FSEG Mr Paul Chapman is a chartered accountant with over 30 years Dr.
Slide 9: Tanami and West Arunta
For personal use only Tanami and West Arunta Major exploration portfolio in one of the world’s most prospective gold regions
Slide 10: Tanami and West Arunta – a major new exploration portfolio
Tanami and West Arunta – a major new exploration portfolio For personal use only ▪ Five separate joint ventures with Newcrest Mining Limited (ASX:NCM) covering 5,900km2 of the Tanami Gold Province and West Arunta in WA ▪ 100km of strike along the major structural corridor Tanami District that extend
Slide 11: Selby, Watts, Lewis JVs with Newcrest
Selby, Watts, Lewis JVs with Newcrest For personal use only 100km of strike along the Trans-Tanami structure Selby Joint Venture (1,534km2) including: ▪ Mohave Prospect – a +7km long gold-arsenic anomaly that includes thick mineralised drill intersections strengthening at bottom of hole Watts JV ▪ A
Slide 12: Aileron & Phillipson JVs with Newcrest
Aileron & Phillipson JVs with Newcrest For personal use only Aileron Joint Venture Phillipson Joint Venture ▪ IOCG target located in the West Arunta with scale of an ▪ Genuine frontier first mover opportunity with significant Ernest Henry or Carrapateena style system scale ▪ Initial drill target is
Slide 13: Newcrest Project Generation Alliance
Newcrest Project Generation Alliance For personal use only ▪ Project generation alliance with Australia’s largest gold mining company ▪ Newcrest will fund Encounter to generate new ‘camp scale’ gold exploration opportunities in Tanami and West Arunta of WA ▪ Key terms of the alliance include: — 50:5
Slide 14: Paterson Province
For personal use only Paterson Province Proterozoic, sediment hosted Copper-Cobalt deposits Copper-Gold targets analogous to Rio Tinto’s Winu discovery 14
Slide 15: A known region generating new discoveries
A known region generating new discoveries For personal use only ▪ Why have we been exploring in the Paterson Province since 2009? — Proven fertility to produce major deposits — Large outcropping discoveries made in 1970s and 1980s at Nifty (Cu) and Telfer (Au) — Shallow sand cover inhibited previous
Slide 16: Australia's Hottest Copper Address
Australia’s Hottest Copper Address For personal use only ▪ The Paterson Province is a proven mineral region with a consistent history of discoveries ▪ Encounter holds exploration tenure over 1,400km² of the Paterson Province: — Central African Copperbelt analogue ▪ Independence Group NL (ASX:IGO) an
Slide 17: Yeneena Copper-Cobalt Project – Paterson Province WA
Yeneena Copper-Cobalt Project – Paterson Province WA For personal use only 14km long copper-cobalt system at BM1-BM71 ▪ BM1: Coherent zone of near surface copper oxide mineralisation. Best intersections include: — 10m @ 6.8% Cu from 32m* — 20m @ 2.0% Cu from 22m* — 8m @ 3.6% Cu from 18m* — 16m @ 3.2
Slide 18: Yeneena Copper-Cobalt Project – Lookout Rocks
Yeneena Copper-Cobalt Project – Paterson Province WA Lookout Rocks – Zambian Copperbelt analogue For personal use only ▪ Initial $1.6M work program planned in 2019 ▪ Initial exploration activity will apply a number of advanced exploration technologies for the first time at Yeneena including: Dissemi
Slide 19: New Copper-Gold Targets in the Paterson Province
New Copper-Gold Targets in the Paterson Province For personal use only ▪ Broad zones of copper-gold anomalism associated with series of discrete magnetic anomalies located on a regional scale gravity lineament ▪ Structural setting of the Lamil Prospects is analogous to Rio Tinto’s Winu copper-gold d
Slide 20: Broad Zones of Copper-Gold Anomalism at Lamil
Broad Zones of Copper-Cold Anomalism at Lamil For personal use only ▪ Shallow historical drilling by Newmont in the 1980s, targeting gold, intersected thick zones of strong copper anomalism ▪ Complete airborne EM and/or ground IP prior to drilling ▪ Potential to introduce a suitable joint venture pa
Slide 21: A Leading Project Generator
A Leading Project Generator For personal use only New ideas, data and technology Filtering and progressing targets Partners driving large FY19 budgets Generating and effectively Advancing earlier stage targets to Collaborating with high quality evaluating new projects determine scale and potential p
Slide 22: Investment proposition
Investment proposition For personal use only At the forefront of major exploration revival in the Paterson Province and Tanami Region Extensive, well funded exploration programs in 2019 - Newcrest: >14,000m of RC & diamond drilling - Independence: $1.6m work program “ These projects provide Encounte