Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2015)
19 slides from Encounter Resources's shareholder meeting presentation, Nov 27, 2015
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 27 November 2015 ASX : ENR
Slide 2: Company Snapshot
Company Snapshot Board Paul Chapman - Chairman Yeneena Project – Copper, Zinc For personal use only Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 155.6m Ordinary Shares (Top 40 shareholders hold 68%)
Slide 3: 2015 Milestones
2015 Milestones Substantially extended mineralised zinc gossan at Millennium For personal use only Discovered new copper prospect at Lookout Rocks South (Nifty Analogue) Identified a new IOCG target at the Aria Prospect Regained 100% interest in the 14km long BM1-BM7 copper system Complete
Slide 4: This time is different….probably not
For personal use only This time is different….probably not 4
Slide 5: Creating Value Through Greenfield Exploration
Creating Value Through Greenfield Exploration… Leading edge, under cover For personal use only greenfield exploration Major land holding in proven Proterozoic Paterson Province Sharing risk at appropriate points to maximise exploration upside New copper and zinc discoveries made by ENR 5
Slide 6: …in a New Search Space…
…in a New Search Space… Sand covered mineral belt with For personal use only proven fertility Outcropping discoveries made in 1970-80s (Nifty, Telfer, Kintyre) Minimal subsurface exploration activity up to 2005 Encounter has discovered two new mineral systems so far: BM1-BM7 Copper Mille
Slide 7: …in a Region that Produces Big Deposits…
For personal use only …in a Region that Produces Big Deposits… Northern Cu Corridor Opens • Farm-in with Antofagasta plc • Aria IOCG Prospect • Lookout Rocks South - Nifty Analogue Zinc Discovery at Millennium • High grade mineralisation in early drilling • Zinc system +3km long and open • HHM earni
Slide 8: BM1 / BM7 – Copper Project
BM1 / BM7 – Copper Project BM1 For personal use only Coherent zone of near surface Cu oxide mineralisation 10m @ 6.8% Cu from 32m* 16m @ 3.2% Cu from 26m 50m @ 1.1% Cu from 12m BM7 6 x 3km Cu mineral BM1-BM7system containing high grade Cu sulphide 5m @ 2.5% Cu from 388m* 140m @ 0.2% Cu from 144m (re
Slide 9: BM7 – Extensive Zones of Copper Sulphide Mineralisation
For personal use only BM7 – Extensive Zones of Copper Sulphide Mineralisation The alteration and mineralisation A A’ vectors are strongest in the central section of BM7 down dip to the east of EPT2158 & EPT1717 Diamond drill hole EPT2271 completed in Nov 2015 200m down dip of EPT2158 EIS co-fu
Slide 10: BM7 East Copper Prospect
For personal use only BM7 East Copper Prospect Alteration and mineralisation intersected in the shallow drilling is similar to what is seen in the immediate hangingwall of the Nifty copper deposit No drilling has effectively tested this target at depth 10
Slide 11: Untested Northern Copper Corridor Opens Up
Untested Northern Copper Corridor Opens Up Fishhook and Lookout Rocks Nifty Cu Telfer Au/Cu For personal use only (1981) (1972) Shallow sand cover with minimal previous exploration VTEM surveys completed 2013 & 2014 Lookout Rocks Lookout Rocks First diamond drill program at Next Slide Millen
Slide 12: Lookout Rocks Farm-in Activity - Jul to Oct 2015
For personal use only Lookout Rocks Farm-in Activity - Jul to Oct 2015 Heritage Surveys (Aug/Sep) - Phase 1 and 2 drill lines - Aria Area Clearance No significant results Aircore/RC drilling (Sep/Oct) No significant - 11 RC holes (1,724m) results - 22 AC holes (2,731m) Gravity Survey – Aria (S
Slide 13: Lookout Rocks South Prospect
Lookout Rocks South Prospect Seven shallow reconnaissance aircore/RC over a structural target For personal use only Drilling confirmed Broadhurst Formation (Nifty host) stratigraphy Broad intervals of moderate copper and lead anomalism strengthening to the east and towards the bottom of hole
Slide 14: Aria – IOCG Prospect
Aria – IOCG Prospect Detailed gravity survey completed Discrete density anomaly located on For personal use only the margin of the previously identified magnetic anomaly 400m diamond hole completed EPT2276 EPT2276 intersected further hematite- altered, polymictic breccia Residual gravity wit
Slide 15: Greenfield Zinc Discovery at Millennium
For personal use only Greenfield Zinc Discovery at Millennium… Large +3km long zinc system First order structural address at intersection of major NE and basin forming NW structure High grade mineralisation in early drilling Hampton Hill Mining (HHM) earning up to 25% by providing up to A$2
Slide 16: Massive zinc sulphides intersected in early drilling
Massive zinc sulphides intersected in early drilling... For personal use only Brecciated and laminated massive zinc sulphide 0.7m @ 36.5% Zn Gossan zone from 408.9m to 419.2m in EPT2203 Gravity Image (refer ASX announcements 12 January 2015 & 17 June 2015) 16
Slide 17: RC and Diamond Drill Program to Sept-Nov 2015
RC and Diamond Drill Program to Sept-Nov 2015 6 RC drill holes completed in Sep/Oct For personal use only 2015 EPT2260 broad interval of weathered zinc mineralisation that has substantially extended the gossan zone - 70m @ 2.3% Zn from 182m to EOH EPT2260 diamond tail and diamond hole EPT2278
Slide 18: Yeneena - Australia's Next Great Mineral District?
Yeneena - Australia’s Next Great Mineral District? Systematic frontier exploration to create enduring value For personal use only Exposure to large scale copper and zinc exploration upside Risk sharing at appropriate points to maximise return for ENR shareholders Sound cash position with fun
Slide 19: 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
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