Encounter Resources Limited · ASX:ENR
Encounter Resources — Diggers and Dealers 2021
33 slides from Encounter Resources's conference presentation, Aug 2, 2021
Slide 1: Diggers and Dealers August 2021
For personal use only Diggers and Dealers August 2021 Copper and gold in Australia Collaborating with high quality partners to make new discoveries ASX: ENR
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain For personal use only information in this document has been derived
Slide 3: Project Generator Model
PROJECT GENERATOR MODEL Progress project pipeline with a mix of alliances, joint ventures For personal use only and sole funding The TIER 1 TARGETS Project generation and exploration targeting major gold and base Encounter metal discoveries in world-class mineral belts business HIGH QUALITY PARTNERS
Slide 4: Encounter at a glance
Creating value through project generation and discovery Encounter at a glance For personal use only Capital structure Share price – 12 months ASX ticker ENR $0.35 4,000,000 Share price (30/07/2021) $0.17 $0.30 3,500,000 Shares on issue 316M 3,000,000 $0.25 Options 17M 2,500,000 $0.20 Market capitali
Slide 5: A premier copper and gold exploration portfolio
A premier copper and gold exploration portfolio Early mover positions in world-class minerals belts attracting world-class partners For personal use only Paterson Province Paterson Province - WA Gold-Copper ▪ Lamil Copper-Gold (ENR 100%) West Tanami Drill ready gold targets 25km NW of Telfer Belt sc
Slide 6: Paterson Province – WA
For personal use only Paterson Province – WA Australia’s hottest copper address Lamil – 5km long Cu-Au system ENR 100% Yeneena – Copper/cobalt targets Earn-in
Slide 7: Lamil: copper-gold system over 1km long and growing
Lamil: copper-gold system over 1km long and growing ▪ 100% ENR – located 25km NW of Telfer For personal use only ▪ Two diamond rigs currently operating ▪ Extending a number of RC holes which contain strengthening copper-gold mineralisation towards end of hole, including: — ETG0227 - 132m @ 0.31g/t A
Slide 8: Lamil: Two diamond drill rigs operating
Lamil: Two diamond drill rigs operating ▪ Testing geophysical features (EM, Magnetic) proximal to high grade supergene gold intersections For personal use only ▪ Extending RC holes which contain strengthening copper-gold mineralisation towards end of hole 8 Refer to ASX release 26 July 2021
Slide 9: Yeneena Copper-Cobalt
Yeneena Copper-Cobalt ▪ Paterson Province is a proven mineral For personal use only region with a consistent history of discoveries ▪ ~1,600km² of the Paterson Province ▪ IGO can sole fund $15 million in exploration expenditure over a maximum seven years to earn a 70% interest — Three diamond drill
Slide 10: Northern Territory
For personal use only Northern Territory The next hot spot for copper in Australia Elliott – Standout copper in groundwater anomaly Earn in First mover camp scale copper projects ENR 100% 10
Slide 11: Major Proterozoic basins of Australia
Major Proterozoic basins of Australia ▪ Central Australia contains two of the For personal use only Centralian Superbasin largest Proterozoic sedimentary basins in the world ▪ Known regions for large scale, sediment hosted base metal mineralisation ▪ Significant deposits including Mt Isa, Century, M
Slide 12: Sedimentary deposits are one of the world's fastest growing sources of high grade copper
Sedimentary deposits are one of the world’s fastest growing sources of high grade copper For personal use only Sediment-hosted copper: the mineral system (Hitzman et al., 2010) Example of sediment-hosted copper deposit – Ivanhoe Mines Kamoa/Kakula 1 Indicated Mineral Resource (at 1% total copper cut
Slide 13: Sediment-hosted copper: key ingredients
Sediment-hosted copper: key ingredients For personal use only EXPLORING DISCOVERY ELEMENTS NT SCORECARD FOR THE FUTURE DATA Source rocks Size of sedimentary basin and sub-basin ✓ EXPLORATION FOCUS Brines Bitten brines vs evaporites or both? ✓ Grabens form a natural containment for dense Gravity, Sea
Slide 14: Northern Territory: the next hot spot for copper in Australia
Northern Territory: the next hot spot for copper in Australia ▪ Highly prospective, vastly underexplored For personal use only region under shallow cover ▪ Located between the major copper-gold producing districts of Mt Isa and Tennant Creek ▪ Transformational investment in pre-competitive data by G
Slide 15: Elliott Copper Project
Elliott Copper Project For personal use only ▪ BHP (ASX:BHP) has exercised an option to enter into an earn-in and joint venture agreement covering the 4,500km2 Elliott Copper Project ▪ BHP may earn up to a 75% interest in Elliott by spending up to $22 million over 10 years ▪ Validates Encounter’s NT
Slide 16: NTGS Core Library – Darwin
For personal use only NTGS Core Library – Darwin 16 16
Slide 17: Jessica and Carrara: copper near surface and at depth
Jessica and Carrara: copper near surface and at depth For personal use only Copper Carbonate (Malachite) 0-3m from RN28419 – chemical assay 1.5% Cu 1 Chalcopyrite contained in a calcareous shale unit within NDI Carrara1 ~1,617m 4 Crosswinds Copper Prospect - Malachite (copper Drill hole NDIBK04 pyri
Slide 18: Carrara: prospective basin architecture
Carrara: prospective basin architecture For personal use only Correlation of prospective stratigraphic units from the Isa Super Basin into the Carrara Sub-basin indicates the Mount Isa Province extends to the west Carrara Chalcopyrite (Cu sulphide) contained in a calcareous shale unit Carrara Sphale
Slide 19: West Arunta – WA
For personal use only West Arunta – WA Belt Scale IOCG Opportunity Aileron Cu-Au-REE project ENR 100% 19
Slide 20: West Arunta: IOCG targets in a new region
West Arunta: IOCG targets in a new region ▪ 1,300km² West Arunta province of WA For personal use only ▪ First diamond drill hole to a depth of 158m (EAL001) intersected hydrothermal hematite-altered mafic intrusions and granite with a distinctive IOCG geochemical signature ▪ Metal anomalism is assoc
Slide 21: West Arunta: Initial Gravity Results
West Arunta: Initial Gravity Results ▪ Discrete, pipe-like density anomaly ~600m by 600m (~2 mgal) For personal use only ▪ Coincident magnetic anomalism ▪ Next Steps - Heritage survey, complete gravity survey, surface geochemistry then drilling Residual Gravity Gravity Inversion DS300 Magnetics RTP
Slide 22: Upcoming exploration activity
Upcoming exploration activity For personal use only JUN JUL AUG SEP OCT NOV DEC Paterson Copper-Gold EIS diamond (100% ENR) drilling Copper Projects NT Gravity survey Aircore drilling (100% ENR) (Jessica / Carrara) (Jessica) Paterson Province Diamond drilling Aircore drilling Copper-Cobalt Elliott C
Slide 23: Foundations established for major exploration drive
Foundations established for major exploration drive NEXT MILESTONE For personal use only Shareholder approval of demerger EXPLORATION EXPENDITURE Tanami diamond drilling – H2 2021 Total spend on Encounter projects Formal farm-in agreement then Shareholders commence exploration Elliott Cu gain levera
Slide 24: Hamelin Gold demerger and IPO
• Encounter intends to demerge and launch of an IPO of subsidiary Hamelin Gold Ltd, subject to Encounter shareholder approval, as well as satisfactory ASX and other regulatory approvals For personal use only – New corporate entity to drive a gold focused exploration business – More optimal structure
Slide 25: The West Tanami gold province
The West Tanami gold province HIGHLY CREDENTIALED TEAM Focused and highly skilled exploration team – a sleeping giant assembled with proven track record of For personal use only discovery in new belts NEW DATA AND NEW APPROACH Reduce exploration risk and increase discovery potential by applying new
Slide 26: The Tanami Gold Province
The Tanami Gold Province For personal use only 26
Slide 27: West Tanami: Major extension of the Tanami Gold Province
West Tanami: Major extension of the Tanami Gold Province ~0.7Moz Au ~25Moz Au For personal use only Tanami Geology and gold occurrences West Tanami leasing with gold occurrences over regional gravity data … same geology, same key structures, but underexplored 27 1 Refer to Newmont Tanami Operations
Slide 28: Newmont's Tanami Operations
Newmont’s Tanami Operations Lowest AISC gold production within Newmont’s global portfolio (~$US650/oz) For personal use only • Newmont’s Tanami Operations have undergone transformational improvement since 2013 with AISC ~45% lower and production~80% higher • Tanami is a world class asset producing >
Slide 29: Australia's most underexplored gold district
Australia’s most underexplored gold district For personal use only • Belt scale gold project (~2,275km2) in a Tier 1 jurisdiction • 100km of strike along the major structural corridor interpreted to be the key controlling structure for gold mineralisation in the Tanami • Extensive areas of shallow c
Slide 30: Hamelin exploration strategy
Hamelin exploration strategy For personal use only • Understanding the structural architecture is the key to exploration success – Complete detailed aeromagnetic coverage – Complete structural and stratigraphic interpretation and targeting program – Conduct diamond drilling of priority targets to co
Slide 31: Systematic modern exploration
Systematic modern exploration For personal use only 31
Slide 32: Next months of exploration activity
Next 18 months of exploration activity 2021 2022 For personal use only Q3 Q4 Q1 Q2 Q3 Q4 Bandicoot, Mojave, EIS Diamond Drilling Quenda Fine Fraction Soils and Detailed Target Generation Aeromagnetics Driven by new data and new Target Assessment exploration model Aircore Regional Testing Priority Ta
Slide 33: Demerger Rationale
Demerger Rationale The people and the project + the focus and the funding For personal use only WEST TANAMI EXPLORATION POTENTIAL EXPERIENCED BOARD AND MANAGEMENT • 100km of strike in Australia’s most underexplored Tier • Extensive greenfields and near mine exploration knowledge 1 gold district • Pr