Encounter Resources Limited · ASX:ENR
Encounter Resources — Investor Presentation (March 2010)
16 slides from Encounter Resources's investor presentation, March 2010
Slide 1: Investor Update - Manganese
Investor Update - Manganese March 2010 ASX : ENR 1
Slide 2: Company Snapshot – Diversified Explorer
Company Snapshot – Diversified Explorer Manganese Zinc Copper Uranium Yeneena - MN1 Yeneena - BM5 Yeneena - BM1 Yilgarn Calcrete 2m @ 20% Mn 0.1m @ 28% Zn Large regolith Resources anomaly up to 1% 14km long target Offhole EM target 11 million lbs U3O8 Cu Yeneena – MN2 Tchintaby Well Wanna Yeneena 6m
Slide 3: Why Manganese?
Why Manganese? • Fourth most consumed metal after Iron, Aluminum and Copper • Hardening agent in steel – no substitute • 45mt of global manganese production in 2008 • 50% of manganese production consumed in China • A bullish view on iron ore and steel is a bullish view on manganese Source IMnI 3
Slide 4: Australian Manganese Mines
Australian Manganese Mines Groote Eylandt (BHPB/Anglo) Woodie Woodie Bootu Creek (Cons Min) (OM Holdings) Yeneena A$3.5 billion revenue in 2008 High grade Mn product currently selling for ~ A$350/mt 4
Slide 5: Major land position amongst giant mineral deposits
Major land position amongst giant mineral deposits 5
Slide 6: Multiple Manganese Targets Near Woodie Woodie
Multiple Manganese Targets Near Woodie Woodie MN1 - near surface manganese intersections (+20%Mn), 14km long target area MN2 - 1 km wide zone of manganese oxide logged from historic drilling BM5 : High grade manganese gossan up to 35%Mn 6
Slide 7: MN1 – 14km Long Target
MN1 – 14km Long Target • 70km from Woodie Woodie • Two near surface intersections, 200m apart in adjacent vertical aircore holes • Mineralisation intersected in the one line of drilling completed within the 14km long gravity anomaly Mn Intersections • Target area footprint is similar to the 2m @ 20%
Slide 8: MN1 – Woodie Woodie Scale Opportunity
MN1 – Woodie Woodie Scale Opportunity MN1 - Residual gravity image Woodie Woodie (same scale) Open Pits • Ground gravity survey has defined multiple manganese drill targets • Historical intersections are outside the most intense gravity features • Drill hole re-sampling has confirmed primary mangane
Slide 9: MN1 – 100% Sand Cover
MN1 – 100% Sand Cover Mn oxide in YNAC168 9
Slide 10: MN2 – Large Scale Undercover Mn Anomaly
MN2 – Large Scale Undercover Mn Anomaly • 1km wide Mn anomaly • Limited sampling has produced 6m @ 8.5%Mn • Mineralisation open north, south and east. • Drilling May 2010 10
Slide 11: ASX Manganese Companies
ASX Manganese Companies Company ASX Resources Market Cap Code Aurora Minerals Ltd ARM Nil $84m Groote Resources Ltd GOT Nil $56m Shaw River Resources Ltd SRR Nil $36m OM Holdings Ltd OMH 31mt @ 24% Mn $850m 11
Slide 12: BM5 Target
BM5 Target • The first diamond drill hole intersected high grade zinc mineralisation • 28.5% zinc, 2.3% lead and 34g/t silver over 0.1 metres within 5m of the end of hole • A significant offhole conductor approximately 60m below the bottom of hole • Follow up diamond drill program May 2010 Massive S
Slide 13: BM1 Target
BM1 Target • Located on a NNE trending splay structure to the McKay Fault • 1.2km long copper regolith anomaly (up to 2m @ 0.89% Cu) • Diamond program has identified a major hydrothermal alteration system • Aircore drilling May 2010 13
Slide 14: Yeneena Project - The Immediate Focus
Yeneena Project - The Immediate Focus • Multiple high grade intersections Mn • 4000m aircore drill program – April • +1km regolith anomaly up to 1% Cu Cu • 2000m aircore drill program - May • Massive sulphide discovery - 28% Zn Zn • Diamond drilling of EM anomaly - May 14
Slide 15: Corporate Information
Corporate Information Board Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. Issued Capital: 79m Ordinary Shares (Top 20 - 71%) 3m Employee Options Market Cap: $19.7m @ $0.25/sha
Slide 16: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement 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 from third parties and t
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