Ausquest Limited · ASX:AQD
Ausquest — LADU Conference 2019
24 slides from Ausquest's conference presentation, May 16, 2019
Slide 1: Managing Directors Presentation – LADU Conference 2019
A USQ UEST L I M I T E D For personal use only Managing Directors Presentation – LADU Conference 2019 IOCG Discovery in southern Peru under SAA 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) 22.72% ASX Code AQD Directors (Incl C.E.) 26.03% Shares on Issue 548.8 million Citicorp Nominees Pty Ltd 2.04% Options on Issue Nil Top 20 (approx) 46.17% Market Cap. (at 1.4 cents) ~$7.6
Slide 4: Company Background
C O M PA N Y B A C K G R O U N D For personal use only • Focused on large scale provincial opportunities • Major base metals targeted - Cu Zn/Pb Ni • High impact / low overhead exploration • Strategic Alliance with South32 – increased activity • Focused geographic spread – 2 countries (Aust / Peru)
Slide 5: Peru – Excellent Cu-Au Pedigree
PERU – EXCELLENT CU-AU PEDIGREE For personal use only • Giant Cu (Au) deposits • Major Cu producer • >U$4.0B Cu – in south Peru • Mine Expansions • Covered areas • Secure Mining Title 5
Slide 6: Cerro de Fierro – New IOCG Discovery
CERRO DE FIERRO –NEW IOCG DISCOVERY For personal use only • Close to Marcona (Fe), Mina Justa, Pampa Pongo (Fe-Cu-Au) & Los Chapitos (Cu) • Magnetic target identified from Company’s proprietary airborne data • Extensive K alteration suggests potential for large IOCG system in the area 6
Slide 7: Cerro de Fierro – IOCG Drill Target
C E R R O D E F I E R R O – I O C G D R I L L TA R G E T For personal use only • Magnetic anomaly surrounded by widespread Cu - target of initial drill program 7
Slide 8: Cerro de Fierro – Drill Results
C E R R O D E F I E R R O – D R I L L R E S U LT S For personal use only • Initial drilling intersects economic grades and confirms mineralised IOCG system 8
Slide 9: Cerro de Fierro – Cu & Magnetics (Fe)
CERRO DE FIERRO –CU & MAGNETICS (Fe) For personal use only • Lower Cu values associated with increased magnetite in centre of IOCG system • Higher Cu values correlate with weaker magnetics (hematite) on system margin • Magnetite alteration strongest in andesites - extends into felsics at system cent
Slide 10: Cerro de Fierro – Drill Lithochem
CERRO DE FIERRO – DRILL LITHOCHEM For personal use only • Drilling confirms a strong stratigraphic control on Cu mineralisation • Higher Cu values generally occur within the lower (more mafic) andesitic unit • Flat dipping stratigraphy means Cu may not be found at surface in some areas 10
Slide 11: Cerro de Fierro – Drilling 3D Model
CERRO DE FIERRO –DRILLING 3D MODEL For personal use only • Cu increases away from magnetite core & concentrates below RL 2000 11
Slide 12: Cerro de Fierro – Widespread Copper
CERRO DE FIERRO – WIDESPREAD COPPER For personal use only • High Cu values at surface concentrate below RL2000 reflecting stratigraphic control 12
Slide 13: Cerro de Fierro – New Cu Targets
C E R R O D E F I E R R O – N E W C U TA R G E T S For personal use only • New Cu targets confirmed after analysis of drill results – Cu potential expanded 13
Slide 14: Cerro de Fierro – CDF03 Drill Core
CERRO DE FIERRO –CDF03 DRILL CORE For personal use only 14
Slide 15: Cerro de Fierro – Drill Operations
C E R R O D E F I E R R O – D R I L L O P E R AT I O N S Drill Camp Drilling Rig For personal use only Drill Pad & Access 15
Slide 16: Chololo – New Porphyry Discovery
CHOLOLO – NEW PORPHYRY DISCOVERY For personal use only • Close to infrastructure – road, rail, power - 20km from Ilo port – 1100m RL • Drilling in 2018 indicated potential for a buried preserved porphyry (Cu?) 16
Slide 17: Chololo – Drills Intersect Lithocap
CHOLOLO– DRILLS INTERSECT LITHOCAP For personal use only Alunite Pyrophyllite Pyrophyllite Pyrophyllite • Intense depletion in Mn, Mg, Zn & others (>100m) in holes 4 & 9 implies LITHOCAP • Mineralogy suggests basal lithocap and proximity to Porphyry (Cu?) system 17
Slide 18: Chololo Drills – Vector to Porphyry
CHOLOLO DRILLS - VECTOR TO PORPHYRY For personal use only • Definition of Lithocap helps vector towards potential preserved buried Porphyry (Cu?) 18
Slide 19: Chololo – Porphyry Target Model
C H O L O L O – P O R P H Y RY TA R G E T M O D E L For personal use only SW Porphyry Target NE Moquegua Sediments CHODD09 CHODD011 AA CPy-Bn K Py: Pyrite Cpy: Chalcopyrite 500m Bn: Bornite AA : Advanced Argíllic (Lithocap) K : Potássic Zone 19
Slide 20: Peru Projects – Copper Country
PERU PROJECTS – COPPER COUNTRY For personal use only 20 20
Slide 21: Parcoy – A New IOCG Target?
PARCO Y – A NEW IO CG TARG ET? For personal use only • Along strike from Cerro de Fierro (50km) & new Cu discovery at Los Chapitos (6km) • Cu/Au at surface + K alteration implies IOCG potential – IP/ soils to ID drill targets 21
Slide 22: Cerro Ardines – New IOCG Project
CERRO ARDINES - NEW IOCG PROJECT For personal use only • Northern extension to Parcoy Cu Prospect • Strong magnetic response implies magnetite alteration(?) • Magnetite appears focussed by structures • Gold workings located along strike • Structures parallel to mineralised Cu trends at Parcoy are ev
Slide 23: Peru Projects - 2019 Program
PERU PROJECTS - 2019 PROGRAM PROJECTS TARGET STATUS WORK PROGRAM For personal use only Cerro de Fierro Cu-Au S32 earning to 70% Map & sample ahead of infill drilling (2H) Parcoy Cu-Au S32 Expl. Opportunity IP & soils underway to ID drill targets Los Otros Cu-Mo S32 Expl. Opportunity Rock dating to c
Slide 24: Contact
C O N TA C T For personal use only A USQ UEST L I M I T E D 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 24