Slide 1: Mining 2013 Brisbane
For personal use only Mining 2013 Brisbane ASX : ENR 24 October 2013
Slide 2: Investment Summary
INVESTMENT SUMMARY • Major land position in For personal use only Proterozoic sedimentary basin (1900km2) • Surrounded by major mineral deposits (Au-Cu, Cu, U and Mn) • Greenfields copper discovery 14km long and growing • Experienced team of former Yeneena WMC executives Copper Project • Well funded
Slide 3: Corporate Information
CORPORATE INFORMATION Board For personal use only Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 132.5m Ordinary Shares Issued Capital 9.5m Employee Options Market Cap. A$30m @
Slide 4: Yeneena Project
YENEENA PROJECT Major land position amongst giant mineral deposits For personal use only In 2012/13, Encounter has expanded its ground holding with earn-ins: • St Barbara Mines Ltd • Independence Group NL • Midas Resources Ltd 4
Slide 5: Historical Discoveries
HISTORICAL DISCOVERIES Telfer – 1972 For personal use only Nifty - 1980 Kintyre - 1985 5
Slide 6: Yeneena Project – Under cover exploration, a new search space
YENEENA PROJECT For personal use only Under cover exploration– a new search space 6
Slide 7: Sediment Hosted Copper
SEDIMENT HOSTED COPPER 25 For personal use only Central Africa Copper Deposits Paterson Mt Isa 20 Province Endowment Endowment MT Cu (pre mined resources) 170MT Copper 2.3MT Copper 15 Deposit style produces giant orebodies Is Nifty the giant of the Paterson? 10 5 *includes basement hosted deposits 0
Slide 8: Nifty Copper Deposit
NIFTY COPPER DEPOSIT Nifty copper sulphide mineralisation is a shallow plunging body with For personal use only the strongest mineralisation located at the keel of a synform 8
Slide 9: Yeneena Project – BM1-BM7 Copper Discovery Location Plan
YENEENA PROJECT BM1-BM7 Copper Discovery Location Plan For personal use only Next slide 9
Slide 10: BM1 - BM7 Prospects
BM1 - BM7 PROSPECTS Copper mineral system 14km long and growing For personal use only BM1 Coherent zone of near surface copper oxide mineralisation 10m @ 6.8% Cu from 32m 8m @ 3.6% Cu from 18m 20m @ 2.0% Cu from 22m BM7 6 x 3km copper system still growing Granted Aug 2012 First joint diamond drill p
Slide 11: Long Section BM1-BM7
LONG SECTION BM1-BM7 Shallow drilling defines major new Copper-Cobalt mineral system For personal use only 5.3m@2.5% Cu from 388 Extended 3km & still open Antofagasta farming-in 11
Slide 12: BM7 Drill Location Plan
BM7 DRILL LOCATION PLAN BM7 outline BM7 mineral system significantly start of 2013 For personal use only extended south and east New Cu Outline • New zone of copper oxides east of the BM7 discovery • 18m @ 0.4% Cu incl. 2m @ 1.2% Cu from 46m • 22m @ 0.2% Cu incl. 2m @ 1.2% Cu from 58m • 22m @ 0.3% C
Slide 13: BM7 Schematic Section A-A'
BM7 SCHEMATIC SECTION A-A’ Diamond drill program has confirmed depth extensive copper sulphide For personal use only mineralisation and established the high grade potential of BM7 system Nifty Sulphide Deposit (~ same scale) See Slide 8 13
Slide 14: BM7 – 2013 Milestones
BM7 – 2013 MILESTONES Tenement granted in August 2012 For personal use only Initial exploration confirmed large scale copper potential Attracted quality partner - copper major Antofagasta plc Shallow drilling outlined 6km x 3km copper system - still growing First joint diamond drilling pro
Slide 15: Regional Targets - North
REGIONAL TARGETS - NORTH Electromagnetics - VTEM Untested targets north of BM1-BM7 For personal use only • 100% Encounter held ground • VTEM Survey completed June 2013 • Significant north-east trending structure that mirrors the BM1-BM7 copper system • Shallow sand cover • Minimal previous explorati
Slide 16: Discovery Timeline
DISCOVERY TIMELINE For personal use only 2013 Objectives 2012 High grade copper Large scale, copper sulphides at BM7 2011 discovery at BM7 Regional copper Test targets south Discovery of copper and east of BM7 sulphides at BM1 targets defined 2010 New copper oxide Test Regional Targets Greenfields c
Slide 17: Summary
SUMMARY Yeneena – Australia’s Next Great Copper District? For personal use only • Large scale system over 14km long and growing • High grade near surface intersections • Key ground position secured (>1900km2) • First world mining jurisdiction • Major mining company funding through Antofagasta farm-i
Slide 18: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement For personal use only 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 information in this document has been derived fr