Slide 1: New Gold Discoveries in a Prolific District
New Gold Discoveries in a Prolific District For personal use only Brisbane Mining 2017 August 2017 ASX : ENR
Slide 2: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a For personal use only professional opinion only and is given in good faith. Certain information in this document has been derived fr
Slide 3: Positioned in a Leading Minerals Address
Positioned in a Leading Minerals Address Active explorer in one of the world’s most prospective For personal use only ❖ basins ❖ Targeting shallow gold opportunities with scale potential ❖ Large prospective landholding over 70km of strike providing leverage in a proven copper-cobalt district ❖ Proje
Slide 4: Company Snapshot
Company Snapshot Encounter Resources ASX: ENR For personal use only Share price A$0.10ps 12 month share price range A$0.06 – A$0.15ps Shares on issue 192m Insert photo of drill rig Options and performance rights 12.4m Cash (30 June 2017) A$3.6m Investments (30 June 2017) A$0.4m Debt (30 June 2017) N
Slide 5: Encounter Exploration Strategy
Encounter Exploration Strategy ❖ New discoveries in known mineral provinces to generate superior shareholder returns For personal use only ❖ Why we have focused on the Paterson Province: ❖ Proven fertility to produce major deposits ❖ Large outcropping discoveries made in 1970-80s (Nifty, Telfer, Kin
Slide 6: Overview of Encounter Projects
Overview of Encounter Projects ❖ GOLD - Targeting Proterozoic sediment hosted gold For personal use only proximal to the Telfer gold mine ❖ COPPER-COBALT - Multiple mineralisation styles discovered: ❖ 14km long copper Nifty style mineral system at BM1-BM7 ❖ IOCG style intrusion containing copper sul
Slide 7: Gold
GOLD exploring... discovering... Www.enrl.com.au
Slide 8: Targeting Mineralised Domes north-west of Telfer
Targeting Mineralised Domes north-west of Telfer Telfer Schematic For personal use only Telfer Member Siltstones Sandstones Mt Crofton Granite Malu Quartzite ❖ Prospective for Telfer style gold-copper mineralisation contained within: ❖ High grade stratabound reefs ❖ Spatially associated sub-vertical
Slide 9: New Gold Discovery at Telfer West
New Gold Discovery at Telfer West ❖ Acquired in 2014 based on structural For personal use only setting ❖ Newmont shallow drilling in the 1980s: ❖ 17 diamond holes completed between Next Slide 1986 and 1991 (average depth ~100m) ❖ Numerous holes finished in gold – copper anomalism ❖ Dome (5km x 8km)
Slide 10: Active Exploration Program Generating High Value Targets
Active Exploration Program Generating High Value Targets ❖ Tenement granted in Aug 2016 For personal use only ❖ Magnetic survey completed ❖ Two diamond holes completed Dec 2016 drilled 4km apart - both well mineralised ❖ Broad spaced (~400m x 200m) RC program in April 2017 successfully intersected h
Slide 11: Egg Prospect at Telfer West – Thick Gold Stockwork Zone
Egg Prospect at Telfer West – Thick Gold Stockwork Zone ❖ Broad, depth extensive, zone of stockwork style gold For personal use only mineralisation incl: ❖ 38.6m @ 1.0g/t Au from 333m (incl. 4.2m @ 3.2g/t Au from 333.5m) and ❖ 36m @ 0.6g/t Au from 396m (incl. 3.2m @ 3.3g/t Au from 415.2m) ❖ Thick mi
Slide 12: Targeting Shallow High Grade Gold Reefs at East Thomson's Dome
Targeting Shallow High Grade Gold Reefs at East Thomson’s Dome ❖ Located 5km north-west of Telfer Mt Crofton Granite For personal use only ❖ Historical shallow exploration in the 1980’s and early 90s mainly shallow RAB and RC ❖ 438 holes drilled: average hole depth 28m, only 10 holes deeper than 100
Slide 13: Large Scale Gold Soil Anomaly at East Thomson's Dome
Large Scale Gold Soil Anomaly at East Thomson’s Dome Regional soil geochemistry has identified a large scale (+2km) gold anomaly adjacent to historical gold occurrences adding For personal use only scale potential to the project. (refer ASX announcement 5 May 2017) 13
Slide 14: Multiple high grade reefs remain open down dip and along strike
For personal use only Multiple high grade reefs remain open down dip and along strike C C’ A A’ B B’ (refer ASX announcement 5 May 2017) 14
Slide 15: Current Drill Program at East Thomson's Dome
Current Drill Program at East Thomson’s Dome ❖ Surface prospecting has found gold RC/Diamond Drill Program in Progress For personal use only nuggets interpreted to be shedding from nearby outcropping quartz veins separate from the historical drilling 6m @ 9g/t gold from 178m to EOH ❖ RC/diamond dril
Slide 16: Copper - Cobalt
For personal use only COPPER - COBALT 16
Slide 17: 70km Long Copper-Cobalt Corridor South of Nifty
70km Long Copper-Cobalt Corridor South of Nifty For personal use only ❖ Proterozoic aged, sediment hosted deposits in the Central African Copperbelt are one of the world’s largest sources of copper and the world’s largest source of cobalt ❖ Similar age and geological setting has been defined in the
Slide 18: 70km Long Copper-Cobalt Corridor South of Nifty
70km Long Copper-Cobalt Corridor South of Nifty BM1 For personal use only ❖ Multiple mineralisation styles Coherent zone of near surface Cu discovered: oxide mineralisation ❖ 14km long copper Nifty style 10m @ 6.8% Cu from 32m* 20m @ 2.0% Cu from 22m* mineral system at BM1-BM7 8m @ 3.6% Cu from 18m*
Slide 19: 70km Long Copper-Cobalt Corridor South of Nifty
70km Long Copper-Cobalt Corridor South of Nifty Aria Lookout Rocks South For personal use only ❖ IOCG style intrusion containing ❖ First diamond drill hole intersected copper sulphides copper mineralisation, up to 1% Cu ❖ Discrete density anomaly located ❖ Copper hosted by black, reduced on the marg
Slide 20: Near term Cobalt-Copper Drilling at Yeneena
Near term Cobalt-Copper Drilling at Yeneena ❖ BM7 - A +600 long zone of near surface copper-cobalt For personal use only mineralisation untested at depth. Includes intersection of 9m @ 1.0% Co and 1.5% Cu from 42m to EOH. Drilled July 2017. Assays pending ❖ Lookout Rocks - The recently identified go
Slide 21: Newcrest-Encounter Project Generation Alliance
Newcrest-Encounter Project Generation Alliance ❖ Project generation alliance with Australia’s largest gold mining company, Newcrest For personal use only Mining Limited (ASX:NCM) ❖ Newcrest will fund Encounter up to A$500,000 over the next 12 months to generate new ‘camp scale’ exploration opportuni
Slide 22: Upcoming Field Activities 2017
Upcoming Field Activities 2017 Jul Aug Sep Oct For personal use only Telfer West – RC/diamond drilling East Thomson’s Dome RC/diamond drilling BM7 Copper-Cobalt RC drill program Lookout Rocks-Fishhook Copper RC/diamond Millennium diamond drilling 22
Slide 23: The Investment Case
The Investment Case ❖ Active explorer in one of the world’s most prospective basins For personal use only ❖ Targeting shallow gold opportunities with scale potential - known district, near infrastructure ❖ Large prospective landholding over 70km of strike providing leverage in a proven minerals dist