Slide 1: RIU Explorers Conference February 2020
For personal use only RIU Explorers Conference February 2020 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 For personal use only and is given in good faith. Certain information in this document has been derived
Slide 3: Industry snapshot
Industry snapshot For personal use only Greenfields exploration revival targeting Tier 1 gold and base metal deposits under cover in “ Australia is generating new discoveries The prospect generators are trading at a substantial discount. The speculative Majors and mid-tier companies pursuing money i
Slide 4: Project generator model – the superior model for exploration
Multiple opportunities for Tier 1 discoveries and lower equity dilution Project generator model – the superior model for exploration For personal use only Traditional Junior Project Generator Number of projects Few (1 or 2 flagship projects) Multiple +5 Small – moderate (more likely Target size Majo
Slide 5: Encounter business model
TIER 1 TARGETS Project generation and exploration targeting Tier 1 multi-million For personal use only ounce gold and major base metal discoveries in world-class mineral belts The FAST ADOPTION OF NEW TECHNOLOGIES Encounter Fast mover, early adopter of new technologies and new datasets business HIGH
Slide 6: Creating value through project generation and discovery
Creating value through project generation and discovery Mr Paul Chapman Encounter at a glance Non Executive Chairman B.Comm, ACA, Grad. Dip. Tax, MAICD, MAusIMM For personal use only ▪ Chartered accountant with over 30 years experience in the resources sector gained in Mr Will Robinson Australia and
Slide 7: Scale opportunities in a first world jurisdiction
Scale opportunities in a first world jurisdiction For personal use only Paterson Province – Copper-Gold 100% Northern Territory Copper-gold targets 100% 100% Sedimentary copper and analogous to Rio Tinto’s Winu discovery IOCG targets in emerging region Paterson Province – Copper-Cobalt Tanami and We
Slide 8: Tanami and West Arunta
For personal use only Tanami and West Arunta Major exploration portfolio in one of the world’s most “I think about what we have in our portfolio in terms of what prospective gold gets us really excited in regions exploration, Tanami's up there in the top two or three.” Newmont Goldcorp CEO Tom Palme
Slide 9: Tanami: a major gold exploration portfolio
Tanami: a major gold exploration portfolio For personal use only ▪ Multiple joint ventures with Newcrest covering >3,000km² of the Tanami Gold Province in WA ▪ 100km of strike along the major structural corridor interpreted to be the key controlling structure for gold mineralisation in the Tanami ▪
Slide 10: West Arunta: large IOCG target in a new region
West Arunta: large IOCG target in a new region For personal use only ▪ Joint venture with Newcrest covering 1,300km² within the West Arunta province of WA ▪ Large IOCG target identified with scale of an Ernest Henry or Carrapateena style system ▪ Initial drill target is a steeply dipping 500 x 200m
Slide 11: Paterson Province
For personal use only Paterson Province Proterozoic, sediment hosted Copper-Cobalt deposits Copper-Gold targets analogous to Rio Tinto’s Winu discovery 11
Slide 12: Australia's hottest copper address
Australia’s hottest copper address For personal use only ▪ The Paterson Province is a proven mineral region with a consistent history of discoveries ▪ Encounter holds exploration tenure over 1,600km² of the Paterson Province: — Central African Copperbelt analogue — Magmatic Copper-Gold (Winu analogu
Slide 13: BM1: a 14km long copper-cobalt system
BM1: a 14km long copper-cobalt system Yeneena Copper-Cobalt Project – Paterson Province WA For personal use only ▪ BM1: Coherent zone of shallow copper oxide mineralisation. Best intersections include1: — 10m @ 6.8% Cu from 32m* — 20m @ 2.0% Cu from 22m* — 16m @ 3.2% Cu from 26m ▪ Large mineral syst
Slide 14: Yeneena Copper-Cobalt Project – Paterson Province WA
Yeneena Copper-Cobalt Project – Paterson Province WA For personal use only ▪ 2019 program included the first use of several advanced exploration technologies, including: — A large-scale magnetotelluric survey (~100 line-km) to advance 3D target definition – completed in July 2019 — End-of-hole trace
Slide 15: Copper-gold targets in the Paterson Province (100% ENR)
Copper-gold targets in the Paterson Province (100% ENR) ▪ Broad zones of Cu-Au anomalism associated with a series of magnetic anomalies on a regional scale gravity lineament For personal use only ▪ Shallow historical drilling by Newmont in the 1980s, targeting gold, intersected thick zones of strong
Slide 16: Lamil - EIS co-funded diamond drilling Mar/April 2020
Lamil - EIS co-funded diamond drilling Mar/April 2020 ▪ Induced Polarisation (IP) chargeability anomalies adjacent For personal use only to modelled magnetic anomaly in an area of no previous drilling ▪ Anomalies may represent stronger sulphide development within the larger 2km long zone of intense
Slide 17: Shareholders gain exposure to significant exploration expenditure with minimal dilution
Shareholders gain exposure to significant exploration expenditure with minimal dilution Foundations established for an active 2020 For personal use only Exploration expenditure Total spend on Encounter projects Yeneena Cu-Co Aria IOCG Large prospective tenement holdings across the Tanami, West Arunt
Slide 18: Active exploration programs in world-class minerals belts
Active exploration programs in world-class minerals belts High-quality joint venture Tanami Northern Territory For personal use only partners and investors West Arunta Paterson ELLIOT Multiple Tier 1 opportunities in 2020: Province JESSICA ▪ Lamil (ENR 100% – Paterson) PORT HEDLAND ▪ Aileron IOCG JV