Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2024)
22 slides from Ausquest's shareholder meeting presentation, Nov 13, 2024
Slide 1: Multiple Drill Targets defined at Balladonia
A USQ UEST L I M I T E D ( A S X : A Q D ) Multiple Drill Targets defined at Balladonia Premium Grade Magnetite Potential at Morrisey New Exploration Opportunity defined at Coober Pedy Drilling at Cangallo Porphyry Cu Prospect (Peru) imminent Drill permits for Lantana & Playa Kali Cu (Peru) expected
Slide 2: Disclaimers
DISCLAIMERS 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 based on specific ass
Slide 3: Strategic Alliance Agreement
Strategic Alliance Agreement • SAA with South32 since 2017 - (8 yrs) • South32 have exclusive rights to AQD Projects • South32 provide funding for selected Projects + 15% Fee • US$4.5M spend on each project earns 70% equity • AQD manages all programs (drilling) during earn-in • AQD retains 100% of P
Slide 4: Projects in Australia
P ROJECTS IN AUSTRALIA Projects - SAA Projects - AQD Five Projects under the SAA • Balladonia – An unexplored Broken Hill Terrane - EM / gravity defines multiple drill targets • Morrisey – Potential magnetite resource at Waterfall – multiple mag/gravity targets to test • Moora – Drilling planned in
Slide 5: Balladonia Project – Multiple Drill Targets for Base Metals
B ALLADONIA PROJECT – MULTIPLE DRILL TARGETS FOR BASE METALS • Regional drilling intersected prospective BHT host rocks – including garnet quartzites • Alteration (K, Mn) chemistry implies proximity to base metal mineralisation • BHT terrane infers potential for large scale Pb-Zn-Ag & Cu-Au (IOCG) r
Slide 6: Balladonia – Examples of EM Targets to Drill Test
B ALLADONIA – EXAMPLES OF EM TARGETS TO DRILL TEST • MLTEM surveys confirm strong conductors at multiple sites • Computer models infer conductivities of 2000S to 6000S suggesting massive sulphide &/or graphite source rocks • Targets are discrete (up to 600m strike length) – at 50m to 100m depth, & s
Slide 7: Morrisey Magnetite Project – Why It Matters
M ORRISEY MAGNETITE PROJECT – WHY IT MATTERS • In Midwest Mining District (WA) • Good road access – rail from Mullewa to Geraldton Port (~100km) • Regional drilling identified potential for coarse grained magnetite at multiple locations • Beneficiation tests on initial drill- holes produced a premiu
Slide 8: Waterfall Prospect – Encouraging Drill Results
WATERFALL PROSPECT – ENCOURAGING DRILL RESULTS RTP Magnetics & Gravity Contours • RC drilling (15 holes / 3060m) intersected magnetite (10m to 116m thick) on each section • Average Fe contents range from ~24% Fe to 32% Fe • Magnetite is coarse grained (up to 2mm) within metamorphosed BIF • Davis Tub
Slide 9: Waterfall Prospect – DTR Concentrate Grades
75um DTR CONCENTRATE GRADES Drill-Hole From (m) To (m) Length (m) Fe % Recovery % Fe % SiO2 % Al2O3 % S% P% W ATERFALL PROSPECT MYRC001 102 112 10 33.39 36.5 70.65 1.51 0.22 0.012 0.002 RTP Magnetics 112 122 10 32.04 40.48 71.20 1.74 0.05 0.003 0.002 & Gravity 122 Contours 132 10 31.51 38.78 71.09 1
Slide 10: Moora Project – Latham Intrusion Ni-Cu-PGE Target
M O O R A PR O JEC T – L AT H AM I N T R U SION – N I - C U - PGE TAR G ET • Initial drilling (2023) confirmed mafic intrusion (gabbro) • Strong magnetic / gravity responses suggest ultramafic rocks occur within the Latham Intrusion • Surface sampling supports the presence of ultramafic rocks • Magn
Slide 11: Coober Pedy Project (SA) – New Opportunity Accepted Under SAA
C O O B ER PED Y PR O JE C T ( S A ) – N EW O PPO RT UN ITY AC C EPT ED U N D ER SAA • Great Location • Historic drilling identified alteration that is considered proximal to IOCG systems • Gravity and magnetic anomalies are offset suggesting possibility of magnetite and hematite • Major IP survey p
Slide 12: Mt Davis Project (WA) – New Base Metal Opportunity
M T D AVIS PR O JEC T ( WA) – N EW BASE M ETAL O PPO RT U NI TY • Located on the northern side of Earaheedy Basin (north of Wiluna) – sand covered • Similar stratigraphic position to where Pb-Zn (+/-Cu) found on south side of Basin (Rumble) • VTEM conductors suggest possibility of prospective host r
Slide 13: Southern Peru Projects – Copper Country
S OUTHERN PERU PROJECTS – COPPER COUNTRY • Established Mining Jurisdiction • New mines being developed &/or approved in southern Peru • Coastal Belt benefits - good infra- structure (incl. water) - lower costs • Multiple Porphyry Cu & IOCG targets identified within AQD projects • Three large scale C
Slide 14: District Scale Copper Opportunity & Competitor Activity
D ISTRICT SCALE COPPER OPPORTUNITY & COMPETITOR ACTIVITY AusQuest Ltd • Large tenement holding Antofagasta over 50km strike of prospective structures Rio Tinto • Porphyry Cu and IOCG Parcoy Grupo Mexico prospects located close to the coast and infrastructure • Cangallo, Lantana & Playa Kali all at t
Slide 15: Cangallo – Porphyry Copper Target Ready for Drilling
C ANGALLO – PORPHYRY COPPER TARGET READY FOR DRILLING • Large scale Porphyry Cu target (~3km x 2km) • Close to infra-structure 10km to coast - 1200mRL • Mineralised porphyry(s) implied by anomalous surface assays (>0.1% Cu, >10ppm Mo, +/- Au) High Priority High Priority • Cu occurs in multi-veined p
Slide 16: Cangallo Porphyry Copper Project
C ANGALLO PORPHYRY COPPER PROJECT A Potential Porphyry System with Scale • New discovery by Peruvian team • No previous drilling evident 2km • Access preparation to start shortly • Potential Caldera structure with scale (3km x 2km) Caldera? Sericte altered subcrops • Extensive cover could be hiding
Slide 17: Lantana – Porphyry Copper Target Ready for Drilling
L ANTANA – PORPHYRY COPPER TARGET READY FOR DRILLING • Large scale Porphyry Cu target (~ 2km x 1km) 1.07 3.34 = % Cu • Strongly mineralised 1.56 3.34 porphyry(s) inferred by 5.68 0.85 high grade surface Cu 0.84 1.20 1.75 1.09 (>1.0% Cu) • Outcropping Lithocap (AAA) implies preserved 0.60 porphyry cl
Slide 18: Playa Kali – Copper (Gold) Targets Ready for Drilling
P LAYA KALI – COPPER (GOLD) TARGETS READY FOR DRILLING • Copper bearing mantos (Fe) (0.14% to 1.96% Cu) located SE of Mina Justa Cu deposit • Multiple Cu targets defined by magnetics within E-W structural corridor • Magnetic (manto) targets occur within volcanics - (same as at Mina Justa) • Good inf
Slide 19: Playa Kali – Copper Evident in Manto Outcrops
P LAYA KALI – COPPER EVIDENT IN MANTO OUTCROPS Cu Cu Manto (Fe) Outcrop Manto (Fe) Magnetite Cu Outcrop replaced by pyrite + Cu Cu • Manto outcrops showing Fe (+Cu) sulphides replacing magnetite – evidence of a mineralising system at work “Visual estimates of mineral abundance should never be consid
Slide 20: AusQuest – Exploration Plans (6 Months)
A USQUEST – EXPLORATION PLANS (6 MONTHS) Projects Nov Dec Jan Feb Mar April May Balladonia (SAA) Drill Access Approval & Site Preparation Target Drilling Ni-Cu-Pb-Zn-Ag – WA Planning Morrisey (SAA) DTR NT Clearance - Planning & Access Prospect Drilling Mt, Ni-Cu-PGE – WA Results Moora (SAA) Assess R
Slide 21: AusQuest Capital Structure
A U S Q U E S T C A P I TA L S T R U C T U R E AusQuest Limited Significant Shareholder Chris Ellis (NED) 23.80% ASX Code AQD Directors (Incl C.E.) 26.56% Shares on Issue 1,054.9 million Citicorp Nominees 4.17% ITA VERO Pty Ltd 3.80% Options on Issue (listed) Nil Greg Hancock BA Econs., BEd Hons., F
Slide 22: Contact AusQuest
C O N TA C T A USQ UEST L I M I T E D Graeme Drew Managing Director Register here for AusQuest’s InvestorHub 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au AUSQUEST_LTD AUSQUEST_LIMITED 22