Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2015)
24 slides from Ausquest's shareholder meeting presentation, Nov 25, 2015
Slide 1: Peru JVs - Diamond Drilling
For personal use only PERU JVs - DIAMOND DRILLING COPPER Next 12 months - 5 Prospects - 25,000 metres (Commencement of drilling imminent) GOLD Next 48 months - 80,000 metres (possible) POSSIBLE A$37M FUNDED BY JV PARTNERS FRASER RANGE (WA) – Prospect drilling next 6 mths NICKEL GOLD BANFORA (BURKINA
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 Next Months for AQD
MASSIVE NEXT 12 MONTHS FOR AQD For personal use only • Landmark Peru JVs worth up to A$37M (incl. ~A$13M cash) - Start date for drilling first Porphyry Cu target is imminent • Ni-Cu opportunities in major Fraser Range land holding - Prospects planned for drilling over next 6 months • Banfora Gold –
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 • 5 large Porphyry Cu-Au targets to be drilled before the end of 2016 • 25,000m diamond drilling or expenditure of US$4.0M expected by end 2016 • 80,000m drilling + US$10M cash
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 Target – Lana JV
D R I L L I N G C U - A U TA R G E T – L A N A J V For personal use only • Lana JV - Drill access near completion – Drilling start imminent (5,000m) • Cerro de Fierro (100% AQD) – Porphyry Cu &/or IOCG target - Potential new JV? 8
Slide 9: Drill Access Progress – Lana JV
DRILL ACCESS PROGRESS – LANA JV November 9th For personal use only 9
Slide 10: 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 – Access to start early 2016 – 4 prospects drilled in 2016 • 60,000m drilling & US$7 million cash (est. value US$21M) earns 70% in both JVs • Location and existing infrastructure potentially lower
Slide 11: 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 11
Slide 12: 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 12
Slide 13: 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 13
Slide 14: Peru Drilling Schedule – First Round
PERU DRILLING SCHEDULE – FIRST ROUND For personal use only Joint Venture Prospect Drill (m) Permits Access Complete By Lana Lana 5,000 Yes In Progress Apr-16 Puite-Colorada Puite Pending - Oct-16 10,000 Colorada Pending - Oct-16 Cardonal Ventana Pending - Dec-16 10,000 Cardonal Pending - Dec-16 14
Slide 15: Chololo – New Potential JV?
CHOLOLO – NEW POTENTIAL JV? For personal use only 472m @ 0.11%Cu • New Porphyry Cu prospect – No historic drilling – Anomalous Cu & Mo + alteration • 2km NE of Ilo Este Porphyry prospect - Zahena JV with LRS – Drilling in progress • Map & sample completed – Drill ready - Potential JV? - Several inte
Slide 16: Chololo – Porphyry Cu Target
CHO L O LO – PO RPHYRY CU TARG ET For personal use only 16
Slide 17: Cerro de Fierro – New Potential JV?
CERRO DE FIERRO – NEW POTENTIAL JV? For personal use only • Porphyry Cu or IOCG target – Drill ready around end 2015 17
Slide 18: Fraser Range Ni-Cu Projects - 2900km²
FRASER RANGE NI-CU PROJECTS -2900Km² 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 18
Slide 19: Gibson Soak Ni-Cu Drill Targets
GIBSON SOAK NI -CU DRIL L TARG ETS For personal use only • Mafic/Ultramafic intrusions inferred by magnetics - priority Ni/Cu targets • Aircore drilling to test Ni/Cu prospectivity – now planned early 2016 19
Slide 20: Balladonia Ni-Cu Project – Drill Targets
B A L L A D O N I A N I - C U P R O J E C T – D r i l l Ta r g e t s Nova Bollinger • Potential Mafic-Ultramafic For personal use only intrusions evident in magnetics • Look-alike targets to Crux where “Nova-style host rocks plus disseminated & matrix sulphides 60km reported in diamond drill-holes”
Slide 21: Balladonia Ni-Cu Drill Targets
BAL L ADO NIA - NI-CU DRIL L TARG ETS For personal use only • Strong EM anomalies associated with mafic dykes - priority Ni/Cu drill targets • EIS fund application ($150K) – Drilling planned in 2016 21
Slide 22: 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 • RC drilling -189 holes for 28,417m along 19 sections - 7 prospects • Anomalous gold (0.4g/t
Slide 23: Share Price Catalysts – 2015/16
SHARE PRICE CATALYSTS – 2015/16 For personal use only Lana JV: Drilling Gravity Target (>20km²) Cardonal JV: Drilling 2 x Porphyry Cu-Au Targets PERU Puite JV: Drilling 2 x Porphyry Cu-Au Targets New Joint Ventures on additional projects W. AUST Balladonia: Drilling Ni-Cu Targets (FRASER RANGE) Gibs
Slide 24: 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 24