Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2011)
24 slides from Encounter Resources's shareholder meeting presentation, Nov 24, 2011
Slide 1: Chairman's Address and Annual General Meeting 2011
Level 7, 600 Murray Street West Perth WA 6005 PO Box 273 West Perth WA 6872 P 08 9486 9455 F 08 6210 1578 www.enrl.com.au ASX : ENR For personal use only 24 November 2011 Company Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street Sydney NSW 2000 CHAIRMAN’S ADDRESS AND CO
Slide 2: Chairman's Address (continued)
Thirdly, in October, diamond drilling at BM1 intersected the first significant primary copper mineralisation at depth proving that the BM1 copper system is alive over a vertical depth of at least 500m. The scale of the mineral system identified to date at BM1 has the potential to host several majo
Slide 3: Greenfields Copper Discovery in WA - Annual General Meeting
For personal use only ASX : ENR Greenfields Copper pp Discoveryy in WA Annual General Meeting 24 November 2011
Slide 4: Resolutions & Valid Proxy Votes
Resolutions & Valid Proxy Votes For personal use only FOR AGAINST ABSTAIN / OPEN EXCLUDED AGENDA ITEM TWO Adoption of Remuneration Report 15,402,841 14,975 31,269,300 300,900 AGENDA ITEM THREE Re-election of Mr Paul Chapman as a Director 46 677 116 46,677,116 10 000 10,000 - 300 900 300,900 2
Slide 5: Corporate Information
Corporate Information For personal use only Board Paul Chapman ‐ Chairman Will Robinson ‐ Managing Director Peter Bewick ‐ Exploration Director Jon Hronsky ‐ Non‐Executive Director Kevin Hart / Dan Travers ‐ Company Sec. Issued Capital: 99.3m Ordinary Shares 7 5 Employee 7.5m E l O Options ti Market
Slide 6: Company Snapshot – Diversified Explorer
Company Snapshot – Diversified Explorer For personal use only Copper Manganese Zinc Uranium High grade discovery at BM1 Near surface Assays up to 28% 11 million lbs +20% Mn Zn, 2.3% Pb, near surface U3O8 Potential new copper province Multiple targets 34g/t Ag Inferred Resource • Exploring for “Major
Slide 7: Yeneena Project – Paterson Province (WA)
Yeneena Project – Paterson Province (WA) For personal use only • Major land position in highly endowed d d mineral i l belt b lt • 100% ownership (1300 km2) • Multiple copper prospects • Good infrastructure • $5 exploration $5m l i program in i 2011 5
Slide 8: Yeneena Project – Field Camp
Yeneena Project – Field Camp For personal use only 6
Slide 9: Major land position amongst giant mineral deposits
Major land position amongst giant mineral deposits For personal use only 7
Slide 10: BM1 Copper Discovery
BM1 Copper Discovery For personal use only • Multiple thick, near surface intersections grading over 1% copper • Copper system +8km long and open 1km k • BM1 Northern Area ‐ coherent zones of near surface copper mineralisation • 10m @ 6.8% Cu from 32m (incl. 3m @ 12.3% Cu) • 20m @ 2.0% Cu from 22m (
Slide 11: BM1 Drillhole EPT751 – 10m @ 6.8% Cu
BM1 Drillhole EPT751 – 10m @ 6.8% Cu For personal use only 2.47%Cu, 20g/t Ag 5.06%Cu, 52g/t Ag 3.16%Cu, 2.5g/t Ag 34.2%Cu, 176g/t Ag 24.7%Cu, 180g/t Ag 11.2%Cu, 10g/t Ag 8.05%Cu, 0.5g/t Ag 5.66%Cu, 3g/t Ag 6.98%Cu, 1.5g/t Ag 5.55%Cu, 7.5g/t Ag 16.6%Cu, 23.5g/t Ag 5.49%Cu, <0.5g/t Ag 1.96%Cu, <0.5g/t
Slide 12: BM1 Copper Discovery – Northern Area
BM1 Copper Discovery – Northern Area For personal use only 10
Slide 13: BM1 Regional Targets
BM1 Regional Targets For personal use only Up to 1 1.4% 4% Cu in aircore BM6, BM7 Prospects reconnaissance drilling • Helicopter EM survey ((“VTEM”) VTEM ) completed in June 2011 6km m • Aircore drilling doubles strike of copper anomalism to over 8km. • BM6 ‐ Copper mineralisation up to 1.4% Cu ‐ 3.
Slide 14: BM7 Prospect
BM7 Prospect p For personal use only • Major new copper regolith anomalyy • Extending over 3.5km along key regional north‐east trending structure (the Queen Fault) • Regolith is deeply weathered and heavily leached at the i t intersection ti off th the Q Queen andd McKay faults • End of hole geochem
Slide 15: Major land position amongst giant mineral deposits
Major land position amongst giant mineral deposits For personal use only 13
Slide 16: BM2 Base Metal Prospect
BM2 Base Metal Prospect For personal use only • WA Govt. EIS co‐funded diamond drillingg June 11 EPT799 ‐ Zinc sulphide (sphalerite) • +100m thick zone with veined and brecciated sulphides (mainly zinc) • 800m longg +0.25% copper pp regolith anomaly remains unexplained • Zinc potential to be explore
Slide 17: Yeneena Project – T4 prospect
Yeneena Project – T4 prospect For personal use only T4 New copper prospect 30km north‐east of the BM1 Discovery 15
Slide 18: T4 – Major Copper Prospect
T4 – Major j Copper pp Prospect p For personal use only Electromagnetics Magnetics Gravity EPT801 – Copper EPT801 EPT801 S l hid Intersected Sulphides I t t d 16
Slide 19: T4 - Diamond Drilling
T4 ‐ Diamond Drilling 1cm For personal use only Chalcopyrite • Stratigraphic hole intersected disseminated copper pp sulphides p up to 0.8% Cu • Drilling located at the southern end of a +4km long gravity & magnetic anomaly • New N style t l off copper mineralisation in an unexplored Bornite region
Slide 20: Milestones in 2011
Milestones in 2011 … For personal use only Highest grade intersection to date 10m @ 6.8% Cu at BM1 Primary copper minerals (up to 0.8% Cu) intersected in first stratigraphic hole at the T4 prospect Extensive zones of zinc mineralisation intersected in first diamond drilling at BM2 New copper
Slide 21: Yeneena Copper Discovery Timeline
Yeneena Copper Discovery Timeline For personal use only 2012 Objectives Large scale, scale high grade copper sulphide discovery 2011 Drill testing of large scale Discovery of copper T4 prospect copper sulphides at BM1 & T4 Follow up base metal discovery at BM2 2010 New copper oxide discoveries at Re
Slide 22: Quality copper resources in short supply
Quality copper resources in short supply For personal use only 20
Slide 23: Yeneena - Summary
Yeneena ‐ Summary For personal use only • Early stage indications of a potential new copper province High drilling success rate Large mineralisation footprints Thick, high grade intersections • Major land position secured (1300km2, 100% owned) • Dedicated geological team ‐ experts in the disco
Slide 24: Disclaimer & Compliance Statement
Disclaimer & 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 fr
Encounter Resources — Shareholder Meeting (November 2011) on 6ix