Slide 1: Strategic Alliance with South32
For personal use only STRATEGIC ALLIANCE WITH SOUTH32 > US$1.5M initial funding received At least 5 Projects tested in 2017 Two Porphyry Copper targets in Peru 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) 16.56% ASX Code AQD Directors (Incl C.E.) 20.19% Shares on Issue 499.8 million Merrill Lynch (Aust) Nominees P/L 2.25% Options on Issue 78.9 million Top 20 (approx) 41.81% Market Cap. (at
Slide 4: Strategic Alliance Benefits
S T R AT E G I C A L L I A N C E B E N E F I T S For personal use only • Strong support for early stage exploration – all opportunities offered exclusively to South32 • Funding (US$0.5M) to advance selected prospects to drilling stage & subsequent drilling under joint venture(s) • Agreed JV terms -
Slide 5: 2017 – Game Changer for AusQuest
2017 – GAME CHANGER FOR AUSQUEST For personal use only South32 support for large scale projects PERU – CHOLOLO & LOS OTROS Porphyry Cu COPPER Drill targeting underway –drilling 2017-18 GOLD New opportunities in south of PERU FRASER RANGE (WA) – Drill targeting by 07/2017 NICKEL JIMBERLANA (WA) – Dri
Slide 6: Peru – Excellent Cu-Au Pedigree
PERU – EXCELLENT CU-AU PEDIGREE For personal use only • Giant Cu (Au) deposits • Major Cu producer • >U$3.5B Cu – in south Peru • Mine Expansions • Covered areas • Secure Mining Title 6
Slide 7: Peru – Project Locations
P E R U – P R O J E C T L O C AT I O N S For personal use only 7
Slide 8: Chololo – A Porphyry Cu Cluster?
CHOLOLO – A PORPHYRY CU CLUSTER? For personal use only ? El Yarral 366m @ 0.11%Cu 366m @ 0.11%Cu 472m @ 0.11%Cu 472m @ 0.11%Cu • New Porphyry Cu prospects – No historic drilling – Anomalous Cu & Mo + alteration • NE of El Yarral Porphyry (low grade Cu, similar age Tia Maria) - along Chololo Fault •
Slide 9: Chololo – Mapping & Sampling
CHOLOLO – MAPPING & SAMPLING For personal use only • Mapping & sampling supports new Porphyry Cu systems along Chololo Fault north of El Yarral – IP surveys to define drill targets 9
Slide 10: Los Otros – Porphyry Cu Prospect
LOS OTROS – PORPHYRY CU PROSPECT For personal use only • Prospect located close to major porphyry Cu mines in the south of Peru • Geological mapping and stream sampling in progress to identify targets 10
Slide 11: Los Otros – Magnetics & Sampling
LOS OTROS – MAGNETICS & SAMPLING For personal use only Magnetic Image Stream Sediment Samples Cu > 75ppm Bi > 0.25ppm Mo > 2.5ppm Aster - Alunite Anomaly • Anomalous Cu, Mo and Bi in streams highlight target areas in magnetic complex
Slide 12: New Opportunities Undercover
NEW OPPORTUNITIES UNDERCOVER For personal use only • In southern Peru covered areas restrict exploration • More Cu deposits are likely to be found under cover • Aeromagnetics identifies areas of interest – Porphyry Cu and IOCG • Recce mapping & sampling to prioritise prospects • Geology +/- geochemi
Slide 13: Peru – Regional Airborne Survey
PERU – REGIONAL AIRBORNE SURVEY For personal use only • Airborne Survey provides competitive advantage in covered areas • Good infrastructure and land available along coastal belt 13
Slide 14: Cerro de Fierro – IOCG Target?
C E R R O D E F I E R R O – I O C G TA R G E T ? For personal use only • Along strike from Marcona (Fe), Mina Justa, Pampa de Pongo and Los Chapitos (recent report -106m @ 1.3%Cu) • Magnetic target identified from Company’s airborne survey data • Extensive copper oxides and regional scale potassic a
Slide 15: Cerro de Fierro – Airborne Anomalies
CERRO DE FIERRO – AIRBORNE ANOMALIES For personal use only Magnetic Target Potassic Alteration 15
Slide 16: Cerro de Fierro – Mapping & Sampling
CERRO DE FIERRO – Mapping & sampling For personal use only • Widespread Cu (+/-Au, Ag) in structures / veinlets and disseminated in volcanics • Untested magnetic target (~2km²) – IP survey to optimise drill targets 16
Slide 17: Pampa de las Pulgas – Priority Targets
PAMPA d e L AS PUL G AS – PRIO RITY TARG ETS For personal use only Cu>350ppm Mo>4ppm Cu/Mo target Magnetic target 17
Slide 18: Puite – A New Porphyry Environment?
PUITE – A NEW PORPHYRY ENVIRONMENT? For personal use only Drill results suggest 5 of the 6 holes within halo to porphyry Cu mineralisation 18
Slide 19: Peru – Project Pipeline
PERU – PROJECT PIPELINE For personal use only DRILL Cerro de Fierro DEFINE Chololo (SA) DRILL TARGET Puite Los Otros (SA) El Puno Colorada PROSPECT TESTING Pinguino Azucar West El Jaguay Chascoso NEW PROSPECTS Lana South Pampa Camarones 19
Slide 20: Next Six Months
NEXT SIX MONTHS PROJECT April May June July August Sept Oct For personal use only Blue Billy JV - Zn Drilling Jimberlana -Ni EM Targeting Drilling ? Gibson Soak - Ni EM Targeting Drilling ? Balladonia - Ni EM Targeting Drilling ? Chololo – Cu (Peru) IP Surveys Los Otros – Cu (Peru) Map and
Slide 21: 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 Em ail: graeme@ausquest.com.au www.ausquest.com.au 21