Slide 1: Peru JVs - Diamond Drilling
For personal use only PERU JVs - DIAMOND DRILLING 2016 - 5 Porphyry Cu Prospects - 25,000 metres COPPER (Drilling commenced) Next 48 months - 80,000 metres (possible) GOLD POSSIBLE A$37M FUNDED BY JV PARTNERS FRASER RANGE (WA) – Prospects drilled 2016 NICKEL JIMBERLANA (WA) – Drill Targets 2016 GOLD
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) 16.68% ASX Code AQD Directors (Incl C.E.) 22.4% Merrill Lynch (Aust) Nominees P/L 7.8% Shares on Issue 496.4 million Acorn Capital 5.6% Options on Issue 157.6 million Top 20 (approx) 49.5%
Slide 4: Massive Months for AusQuest
MASSIVE 12 MONTHS FOR AUSQUEST For personal use only • Landmark Peru JVs worth up to A$37M (incl. ~A$13M cash) - Drilling underway – 5 large Cu-Au targets to be tested in 2016 • Ni-Cu opportunities in Fraser Range & Jimberlana (WA) - Target definition and drilling in 2016 • Banfora Gold – JV funded
Slide 5: Peru Cu-Au High Impact Exploration
P E R U C U - A U H I G H I M PA C T E X P L O R AT I O N For personal use only • Three Joint Ventures with Peruvian Majors • Drilling operations commenced - 5 large Porphyry Cu-Au targets drilled before the end of 2016 • 25,000m diamond drilling or expenditure of US$4.0M expected by end 2016 • 80,0
Slide 6: Peru – Excellent Cu-Au Pedigree
PERU – EXCELLENT CU-AU PEDIGREE For personal use only • Giant Cu (Au) deposits • Major Cu producer • >U$3.5B Cu – in south Peru • Mine Expansions • Covered areas • Secure Mining Title 6
Slide 7: Peru – Project Locations
P E R U – P R O J E C T L O C AT I O N S For personal use only 7
Slide 8: Drilling Cu-Au Targets - Ilo JVs
D R I L L I N G C U - A U TA R G E T S - I L O J V s For personal use only • JV Drill programs amended – Drill permits in early 2016 – 4 prospects drilled in 2016 • 60,000m drilling & US$7 million cash (est. value US$21M) earns 70% in both JVs • Excellent infrastructure to lower potential project ca
Slide 9: Cardonal JV - Two Drill Targets
C A R D O N A L J V - T W O D R I L L TA R G E T S CARDONAL PROSPECT • Drilling amended to include Ventana For personal use only • Permitting for diamond drilling nearing completion (10,000m) • Large Porphyry Cu targets defined by Cu, alteration & IP/magnetics 2km VENTANA PROSPECT 9
Slide 10: Ventana Road-Cut – New Exposures
V E N TA N A R O A D - C U T – N E W E X P O S U R E S For personal use only 10
Slide 11: Puite-Colorada JV – Two Drill Targets
PUITE-CO L ORADA JV – TWO DRIL L TARG ETS COLORADA PROSPECT For personal use only • Drilling amended to include Colorada • Permitting for diamond drilling nearing completion (10,000m) • Large Porphyry Cu targets defined by Cu, alteration & IP/magnetics PUITE PROSPECT 1.2km 11
Slide 12: Lana JV – First Drilling in Peru
LANA JV – FIRST DRILLING IN PERU For personal use only • First drilling operation in Peru commenced at Lana in late December 2015 – a two rig operation • Cover sequence (sediments and volcanics) over gravity target thicker than expected (>500m) • Attempts to test gravity target so far unsuccessful 1
Slide 13: Peru Drilling Schedule – First Round
PERU DRILLING SCHEDULE – FIRST ROUND For personal use only Joint Venture Prospect Drill (m) Permits Complete By Lana Lana 5,000 Yes April 9th -2016 Puite-Colorada Puite Pending Dec 28th -2016 10,000 Colorada Pending Dec 28th -2016 Cardonal Ventana Pending Oct 9th -2016 10,000 Cardonal Pending Oct 9t
Slide 14: Chololo – Porphyry Cu (100% AQD)
CHOLOLO – PORPHYRY CU (100%AQD) For personal use only • New Porphyry Cu prospect – No historic drilling – Anomalous Cu, Mo, Au, Bi • Lithocap implies proximity to preserved porphyry – DRILL READY TARGET 14
Slide 15: Cerro de Fierro – IOCG? (100% AQD)
CERRO DE FIERRO – IOCG? (100%AQD) For personal use only • Widespread Cu (+/-Au, Ag) – Regional scale alteration (K) evident in rock chemistry • Untested Magnetic target (~2km²) – Skarns support buried target – DRILL READY 15
Slide 16: Fraser Range Ni-Cu Projects - 2800km²
FRASER RANGE NI-CU PROJECTS -2800Km² For personal use only Nova-Bollinger ($1.8B) Nova-Bollinger ($1.8B) 14Mt @ 2.3%Ni 0.9%Cu 14Mt @ 2.3%Ni 0.9%Cu Fraser Range (100% AQD) AQD Drill Targets AQD Drill Targets AQD Drill Targets AQD Drill Targets 16
Slide 17: Gibson Soak
GIBSON SOAK For personal use only NI-CU POTENTIAL ADVANCED • Recce drilling confirms mafic/ultramafic intrusions(?) – potential host rocks for Ni-Cu 17
Slide 18: Balladonia (Ni-Cu) – Drill Targets
B A L L A D O N I A ( N I - C U ) – D R I L L TA R G E T S Nova Bollinger For personal use only • Potential Mafic-Ultramafic intrusions inferred from magnetics • EM surveys locate massive sulphide targets associated with intrusions • EIS funding ($150K?) awarded for 60km drilling EM & Magnetic targe
Slide 19: Jimberlana – A New Ni-Cu Opportunity
JIMBERLANA – A NEW NI-CU OPPORTUNITY For personal use only Dyke Flare / Chonolith • Evidence mounting for close relation between intrusive NiS deposits and horizontal dyke flow • Dyke Flares &/or Chonoliths provide priority trap sites within dyke structures (near base) • Jimberlana is very large int
Slide 20: Jimberlana – Gravity & Magnetics
JIMBERLANA – GRAVITY & MAGNETICS For personal use only Priority Target for EM 20
Slide 21: Banfora Gold JV – US$7.5M to Earn 80%
BANFORA GOLD JV – US$7.5M TO EARN 80% For personal use only • Auger (400x25m) – 13,982 holes for 116,223m completed in 12 areas Mouro Shear • Extensive gold auger anomalies defined - >30km along Mouro Shear • Initial RC drilling tested 7 prospects • Anomalous gold (0.4g/t to 9.0g/t Au) reported over
Slide 22: 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 • Historically low market cap • Technical Competence • Material Possibilities • Joint Venture Funding • Leverage to Success • News-flow 22
Slide 23: 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 Em ail: graeme@ausquest.com.au www.ausquest.com.au 23