Slide 1: The Next Six Months
A USQ UEST L I M I T E D ( A S X : A Q D ) The Next Six Months Drilling at Balladonia (Cu-Pb-Zn-Ni) under way – 5000m DDH Drilling at Jubilee (Ni-Cu-PGEs) – 1200m DDH - Q3 / 2023 Morrisey Target definition (Fe-Ni-Cu-PGE) under way Drilling at Cangallo Peru (Cu-Au) – planned H2 / 2023 RRS MD Presenta
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 - (7 yrs) • South32 have exclusive rights to AQD Projects • All funding provided for selected Projects • Work programs & budgets agreed with South32 • US$4.5M spend earns 70% equity for each project • AQD manages all programs (drilling) duri
Slide 4: Projects in Western Australia
P R O JEC T S I N W EST ER N A U ST R AL I A Four Projects under the SAA • Balladonia – Potential for BHT &/or IOCG deposits similar to those in NW Qld & at Broken Hill to be tested by drilling – commenced in April • Jubilee – Drilling EM & mag targets for Noril’sk style Ni-Cu-PGE to start mid year
Slide 5: Balladonia – Numerous BHT &/or IOCG Targets to Test
BALLADONIA – NUMEROUS BHT &/OR IOCG TARGETS TO TEST • Similar age, geological setting and metamorphic grade to other BHT Terranes world-wide • BHT Terranes are scarce in a global context – when you find one, explore it! • Numerous targets for BIF related mineralisation (Pb, Zn, Ag, Cu-Au) evident in
Slide 6: Balladonia – Magnetic / Gravity Targets to be Drilled
BALLADONIA – MAGNETIC / GRAVITY TARGETS TO BE DRILLED TTN • Strong correlation between magnetic (BIFs) and gravity anomalies (dense rocks) highlights priority drill targets TT for BHT (Ag-Pb-Zn) exploration • 13 diamond holes (~4800m) planned - includes infill at Tea Tree and initial test of seven n
Slide 7: Jubilee Lake – Ni-Cu-PGE Project – A Noril'sk Analogue?
JUBILEE LAKE – Ni-Cu-PGE PROJECT – A NORIL’SK ANALOGUE? • Possible analogies with geological setting at the giant Noril’sk Ni-Cu-PGE deposits are inferred • Deep diamond drilling planned (2 holes / 1200m) for Q3 2023 to test geophysical targets and host stratigraphy Flood Basalts Intrusion EM Target
Slide 8: Morrisey Mt & Ni-Cu-PGE Project
M O R R ISEY Mt & N i - C u - PG E PR O JEC T • Drilling identified magnetite potential at Waterfall & Sandfly as well as Ni-Cu-PGE host rocks at each prospect • Gravity to help rank targets for magnetite potential – Modelling in progress Location Plan 8 8
Slide 9: Waterfall Prospect – Magnetite Potential
WATERFALL PROSPECT – MAGNETITE POTENTIAL RTP Magnetics & Gravity Contours • Beneficiation tests (Davis Tube) produced premium product (Fe > 71%) with low impurities 30% Fe at 75um grind • Target - > 1km strike length with shallower magnetic & gravity target south of MYRC01 • Gravity survey enhances
Slide 10: Southern Peru Projects – Copper Country
SOUTHERN PERU PROJECTS – COPPER COUNTRY • Major copper producing region – true elephant country • Pirata – RC drilling indicates multiple porphyry systems with potential for Cu lateral to current drilling - based on pathfinder vectors • Strong Cu target outlined over new title at Pirata (Target 7) •
Slide 11: Pirata – Porphyry Copper Drill Targets
PIRATA – PORPHYRY COPPER DRILL TARGETS • RC drilling confirmed potential for multiple porphyry systems lateral to drill-holes at Targets 1, 2, &4 • Alteration footprints are compatible in size with known large-scale porphyry deposits • Recent sampling outlined strongest surface Cu response at Target
Slide 12: Pirata – Porphyry Copper Target 7
PIRATA - PORPHYRY COPPER TARGET 7 • Strongest surface Cu values found at Pirata • Robust Cu-Mo anomaly occurs over area ~2000m x 800m - extensive cover to the North-East & West • High Cu proximal to pyrophyllite in lithocap – infers close proximity to porphyry system • 19 samples >0.5%Cu - 12 >1%Cu
Slide 13: Cangallo – Partially Exposed Porphyry Copper Target
CANGALLO – PARTIALLY EXPOSED PORPHYRY COPPER TARGET • Located close to infra-structure ~10km from coast - 1200mRL • Numerous assays in excess of 0.1% Cu, 10ppm Mo, +/- Au up to 2.5gpt from surface rock samples • Cu anomalism occurs in multi- veined porphyritic rocks &/or veined volcanics • More of t
Slide 14: AusQuest – Active Exploration Planned Next 6 Months
AUSQUEST – ACTIVE EXPLORATION PLANNED NEXT 6 MONTHS Projects May June July Aug Sept Oct Nov Balladonia (SAA) Diamond Drilling Assess results Ni-Cu-Pb-Zn-Ag – WA * Morrisey (SAA) Mag / Grav models Planning & Access Approval RC Drilling Ni-Cu-PGE, Mt – WA Jubilee Lake (SAA) Access Approval & drill pre
Slide 15: AusQuest Capital Structure
AusQuest Capital Structure AusQuest Limited Significant Shareholder ASX Code Chris Ellis (NED) 21.24% AQD Directors (Incl C.E.) 24.15% Shares on Issue 823.1 million Altor Capital Management Pty Ltd 3.63% Options on Issue (listed) Greg Hancock BA Econs., BEd Hons., F.Fin Nil Asuper Pty Ltd 1.82% Non-
Slide 16: Contact
C O N TA C T A USQ UEST L I M I T E D Graeme Drew Managing Director 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au AUSQUEST_LTD AUSQUEST_LIMITED 16