Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2017)
24 slides from Ausquest's shareholder meeting presentation, Nov 22, 2017
Slide 1: South32 Alliance – 9 months on
For personal use only SOUTH32 ALLIANCE – 9 months on ~ A$4.0M funding received to date Six Projects tested in 2017 3 (Cu) in Peru & 3 (Ni, Zn) in WA Three at Drilling Stage $10.2 MILLION MARKET CAPITALISATION Peru
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) 16.53% ASX Code AQD Directors (Incl C.E.) 20.15% Shares on Issue 500.8 million Merrill Lynch (Aust) Nominees P/L 2.23% Options on Issue (listed) 78.9 million Top 20 (approx) 43.3% Market C
Slide 4: South32 Alliance – Months On
SOUTH32 ALLIANCE – 9 MONTHS ON For personal use only • Strong support by South32 for early stage exploration & drilling • Three projects at drilling stage with more to follow • HIGH REWARD DRILLING – ‘COMPANY MAKING’ TIER 1 TARGETS • South32 fund drill targeting (US$0.5M) of selected prospects & dri
Slide 5: Alliance - Asset Overview
A L L I A N C E - A S S E T O V E R V I E W - 11 / 1 7 Target Current For personal use only Projects Location STATUS Activity Commodity AQD % Western South32 right to Drill Target Blue Billy JV Zinc 100% Australia earn up to 80% optimisation Jimberlana Western South32 right to EM targeting Nickel 10
Slide 6: Australian Projects – (SAA & AQD)
AUSTRALIAN PROJECTS – (SAA & AQD) For personal use only • SAA Focus on large scale base metal projects (WA) • Ni-Cu potential at Balladonia & Jimberlana • EM in progress to confirm Ni drill targets • Large sediment-hosted Zn target at Blue Billy JV • Recce drilling confirms prospectivity & identifie
Slide 7: Blue Billy JV (South) – SEDEX Zinc
B L U E B I L LY J V ( S o u t h 3 2 ) – S E D E X Z I N C For personal use only Priority Target Area McArthur River Deposit Outline 77
Slide 8: Blue Billy JV – Alteration Vectors
B L U E B I L LY J V – A LT E R AT I O N V E C TO R S For personal use only MANGANESE Alteration F/W sediments (UTAS) SEDEX (Zn) Alteration Halo (UTAS) • Strong Mn alteration in the footwall sediments Ore • Mn alteration increases from hole BBDD001 to hole BBDD004 • Anomalous values in black shale (
Slide 9: Blue Billy JV – Comparison HYC Deposit
B L U E B I L LY J V – C O M PA R I S O N H Y C D E P O S I T • Blue Billy drill-holes show similar SEDEX Alteration Index values (AI>60) to drill-holes in For personal use only close proximity to the McArthur River (HYC) Zn mine 0km 15km 23km Pyritic Black Shale Blue Billy ? R Large et al 2000 9
Slide 10: Blue Billy JV – Drilling Operations
B L U E B I L LY J V – D R I L L I N G O P E R AT I O N S BBDDH04 Camp For personal use only Core logging Core Cutting
Slide 11: Jimberlana (SA Project) Ni-Cu Target
JIMBERLANA (SA Project) For personal use only N I - C U TA R G E T • Jimberlana Dyke - large (200km long) highly fertile (Ni) mafic intrusion • Priority trap sites (Ni-Cu) within westernmost 20km strike – dyke floor < 700m • Recce EM surveys locate three potential targets – FLTEM Surveys in progress
Slide 12: Jimberlana – Recce EM Targets
J I M B E R L A N A – R E C C E E M TA R G E T S For personal use only • Strike parallel MLTEM surveys (300m) identify potential targets • FLTEM surveys in progress to confirm targets for future drilling 12 12
Slide 13: Balladonia (SA Project) Ni-Cu Targets
B A L L A D O N I A ( S A P r o j e c t ) N I - C U TA R G E T S For personal use only 60km Area G Area C Nova-Bollinger Area D Area G Area C Area 2015 Area D Area 2015 13
Slide 14: Peru Projects – Copper Country
PERU PROJECTS – COPPER COUNTRY For personal use only 1314
Slide 15: Chololo – New Porphyry Cu Target?
C H O L O L O – N E W P O R P H Y RY C U TA R G E T ? For personal use only • Geology, magnetics & geochem highlight potential Porphyry Cu along Chololo Fault 15
Slide 16: Chololo - New Porphyry Cu Discovery?
CHOLOLO - NEW PORPHYRY CU DISCOVERY? For personal use only • IP Survey defines strong chargeability response coincident with anomalous rock chemistry • Results infer possible large (~1.5km²) sulphide halo (+Cu?) associated with buried porphyry • Priority target for drilling (up to 5000m) - First tar
Slide 17: Chololo – IP Target Drill Sites
C H O L O L O – I P TA R G E T D R I L L S I T E S For personal use only Drill Site Drill Site IP Target 17 17
Slide 18: Cerro de Fierro – New IOCG Target?
C E R R O D E F I E R R O – N E W I O C G TA R G E T ? For personal use only • Close to Marcona (Fe), Mina Justa, Pampa de Pongo (Cu-Au) and Los Chapitos (recent report -106m @ 1.3%Cu) • Magnetic target identified from Company’s proprietary airborne data • Extensive Cu oxides and regional scale pota
Slide 19: Cerro de Fierro – New IOCG Discovery?
CERRO DE FIERRO –NEW IOCG DISCOVERY? For personal use only • Priority target for drilling (up to 3000m) - Second drill target in Peru under the SAA 19
Slide 20: Cerro de Fierro – IP Operations
C E R R O D E F I E R R O – I P O P E R AT I O N S IP Camp IP Crew For personal use only IP Traverse Digging Electrodes 20 20
Slide 21: Los Otros – Emerging Cu Target?
LO S OTR O S – EMERG ING CU TARG ET? For personal use only • Close to major Porphyry Copper Deposits - Toquepala, Quellaveco, and Cuajone • Mapping & sampling locates anomalous geochemistry with argillic alteration marginal to inferred diorite intrusion – High priority emerging target • IP Survey pl
Slide 22: Drilling to Increase in 2018
DRILLING TO INCREASE IN 2018 For personal use only Projects Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Project Generation BlueBilly JV Drilling Targeting ✓ Zn - WA Jimberlana (SAA) Drilling ? Ni –WA EM ✓ Balladonia (SAA) EM ✓ Drilling ? Ni – WA Chololo (SAA) Drill Permitting ✓ Drilling ✓ Cu – P
Slide 23: Project Generation - AusQuest
P R O J E C T G E N E R AT I O N - A U S Q U E S T For personal use only • Target: Tier 1 opportunities • Australia & Peru – for now • Core team in place – highly motivated AIM: 3 projects p.a. accepted by South32 Bonus payment to AQD (US$500K) South32 to fund projects (US$500K each) Opportunity Pip
Slide 24: 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 Email: graeme@ausquest.com.au www.ausquest.com.au 24