Slide 1: Metres - RC & Diamond Drilling
For personal use only METRES - RC & DIAMOND DRILLING COPPER 12-18 months (planned) 51,000 metres (Peru drilling expected 2H 2015) GOLD 48 months (possible) +120,000 metres UP TO A$44M FUNDED BY JV PARTNERS NICKEL MAJOR LANDHOLDER IN THE FRASER RANGE Drilling in 2H 2015 close to Sirius (SIR) & Mount
Slide 2: Disclaimers
DISCLAIMERS For personal use only Forward-Looking Statements This presentation contains forward looking statements concerning the projects owned by AusQuest Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates
Slide 3: Capital Structure
C A P I TA L S T R U C T U R E AusQuest Limited Significant Shareholder For personal use only Chris Ellis (NED) 16.7% ASX Code AQD Directors (Incl C.E.) 22.5% Shares on Issue 494.9 million Acorn Capital 5.6% Top 20 (approx) 43.1% Options on Issue 157.6 million Directors Market Cap. (at 2.4 cents) ~$
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) - drilling of first Porphyry Cu target to start 2H 2015 • Ni-Cu opportunities in major Fraser Range land holding - drilling close to Sirius & Mount Ridley Mines in 2H 2015 • Banfora Gold JV
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 – starting 2H 2015 • 80,000m drilling + US$10M cash over 4 years to earn 70% in 5 prospects • 25,000m drilling or expenditure of
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 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 • JVs signed with Zahena to drill large-scale porphyry Cu-Au targets near ILO • 60,000m drilling & US$7 million cash (est. value US$21M) earns 70% in both • Commitment - 5,000m Cardonal (US$1M) – 10,000m Puite-Colorada (US$1.
Slide 9: Cardonal & Puite Drill Targets
CARDO NAL & PUITE DRIL L TARG ETS For personal use only CARDONAL PROSPECT • 13 drill sites approved for Puite & 10 sites for Cardonal • Large porphyry Cu (Au) and/or IOCG targets defined by anomalous Cu, alteration & geophysical anomalies 2km PUITE PROSPECT 1.2km 9
Slide 10: Drilling Cu-Au Targets – Lana JV
D R I L L I N G C U - A U TA R G E T S – L A N A J V For personal use only • Southern Copper to drill large Cu-Au target – 5,000m DDH – starting 3Q 2015 • Drill targets at Cerro de Fierro (100% AQD) – permitting in 2015 10
Slide 11: Cholola Drill Target - 2015
C H O L O L O ( 1 0 0 %) D R I L L TA R G E T - 2015 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 Cu prospect (Zahena JV with Latin Resources) • Mapping & sampling completed – drill permitting by
Slide 12: New Targets Evident in Magnetics
N E W TA R G E T S E V I D E N T I N M A G N E T I C S ESCONDIDA AQD TARGET AQD TARGET For personal use only • Company aeromagnetic data locates targets similar to Escondida - under cover in the south of Peru • Targets held 100% by AQD subsidiary Escondida – large Porphyry Cu • Ground evaluation in
Slide 13: 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 13
Slide 14: 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 • Six drill sites optimised by computer modelling of MLTEM data • Drill site clearances in progress – expect target drilling to start 2H 2015 14
Slide 15: Gibson Soak Ni-Cu Drill Targets
GIBSON SOAK NI -CU DRIL L TARG ETS For personal use only • Mafic/UM intrusions inferred by magnetics - priority Ni/Cu targets – similar MRD • Shallow aircore drilling planned to start 2H 2015 to test Ni/Cu prospectivity 15
Slide 16: Banfora Gold JV – Up to A$7M Budget 2015
BANFORA GOLD JV – UP TO A$7M BUDGET 2015 For personal use only 7,000m • Extensive gold anomalies (>30km at Mouro) defined by auger drilling 4,000m • Up to 39,000m RC drilling & 20,000m 150,000m of auger planned 2015 4,000m • RC drilling in progress – 17,500m & 118holes completed to date • Anomalous
Slide 17: Share Price Catalysts - 2H 2015
SHARE PRICE CATALYSTS - 2H 2015 For personal use only 1. Peru: Lana JV: Drilling Gravity Target (>20km²) 2. Peru: Cardonal JV: Drilling Porphyry Cu-Au Target 3. Peru: Puite JV: Drilling Porphyry Cu-Au Target 4. Fraser Range: Balladonia: Drilling Ni-Cu Targets 5. Fraser Range: Gibson Soak: Drilling N
Slide 18: 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 18