Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2014)
21 slides from Ausquest's shareholder meeting presentation, Nov 26, 2014
Slide 1: Annual General Meeting - Managing Director Presentation
For personal use only Annual General Meeting 26th November 2014 Managing Director Presentation 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 Shareholders For personal use only ASX Code AQD Chris Ellis (NED) 9.5% Shares on Issue 297.5 million Hamersley Holdings (Rio Tinto Plc) 3.5% Top 20 38% Options on Issue 68.7 million Market Cap. (at 1.2 cents) ~$3.5 million Directors Cash (end Sept 2014
Slide 4: Introduction
INTRODUCTION For personal use only • Convertible Note -$0.75M @ 2 cents (pending SHA)- allows AQD to value-add to projects in Peru & Fraser Range ahead of JV funding • Focus on two areas – Peru for giant Cu-Au deposits - Fraser Range (WA) for high grade Ni-Cu • In Fraser Range – footprint increased
Slide 5: Fraser Range Ni-Cu Projects
FRASER RANGE NI-CU PROJECTS For personal use only Fraser Range (100% AQD) 5
Slide 6: Balladonia - New Ni-Cu Project
BALLADONIA- NEW NI-CU PROJECT Why we are interested For personal use only • Structural continuation of Nova sequence • Look-alike magnetic targets – Crux and Plato • Spatial association with regional gravity anomaly - buried mafic &/or ultramafic intrusions? What we plan to do • Sampling to confirm
Slide 7: Gibson Soak - New Ni-Cu Project
GIBSON SOAK- NEW NI-CU PROJECT For personal use only • Magnetics & Gravity similar to Nova region • Close to Esperance Port 7
Slide 8: Dundas East Ni-Cu Prospect
DUNDAS EAST NI-CU PROSPECT For personal use only 8
Slide 9: Fraser Range Ni-Cu - Summary
FRASER RANGE NI-CU - SUMMARY For personal use only • Ni-Cu prospectivity of region supported by recent industry results – but no economic success as yet • Company’s footprint increased to 1850km² through new title acquisitions in key areas • Field work commenced to identify targets for drilling in f
Slide 10: Peru - Excellent Cu Pedigree
PERU – EXCELLENT CU PEDIGREE For personal use only • Prime location for discovery of giant Cu (Au) deposits • The world’s third largest copper producer - and rising • Cu production in southern Peru (2013) >U$3.5B – 3 mines • Tia Maria construction to start in 2015 • All major mining companies workin
Slide 11: Peru - Project Location & Status
P E R U – P R O J E C T L O C AT I O N & S TAT U S For personal use only 11
Slide 12: Porphyry Cu Model (after Sillitoe)
PORPHYRY CU MODEL (after Sillitoe) A G U I D E F O R E X P L O R AT I O N For personal use only IP Response Potential for +/- 5BT 2km Magnetic? IP Response? ALTERATION MINERALISATION 12
Slide 13: Multiple Copper Targets - Ilo
M U LT I P L E C O P P E R TA R G E T S - I L O For personal use only • Drilling Permits approved for Cardonal and Puite - Porphyry Cu targets close to rail, road, & port infrastructure • Negotiations in progress to secure funding for drilling in return for project equity 13
Slide 14: Cardonal & Puite Drill Permits
CARDONAL & PUITE DRILL PERMITS CARDONAL PROSPECT For personal use only • 13 drill sites approved for Puite & 10 sites for Cardonal • Large porphyry Cu (Au) and/or IOCG targets defined by anomalous Cu, alteration &/or geophysics 2km PUITE PROSPECT 1.2km 14
Slide 15: New Porphyry Cu Target at Chololo
NEW PO RPHYRY CU TARG ET AT CHO L OL O For personal use only • Next door to Ilo Este Porphyry Cu prospect being drilled by Latin Resources • Anomalous Cu-Mo & sericite /alunite alteration identified - suggests proximity to centre of Porphyry Cu system? • Alteration close to Moquegua Unconformity - ~
Slide 16: Multiple Copper Targets - Lana
M U LT I P L E C O P P E R TA R G E T S - L A N A LANA For personal use only • Drilling Permit (9 sites) approved for Lana - Large Porphyry Cu or IOCG target • Negotiations in progress to secure funding for drilling in return for project equity • Drill targets at Cerro de Fierro (100% AQD) – permitt
Slide 17: Peru Cu-Au Summary
PERU CU-AU SUMMARY For personal use only • All prospects 100% owned by AusQuest • Three large scale porphyry and/or IOCG Cu-Au targets permitted for drilling • Negotiations in progress to secure funding for drilling – expected to commence early 2015 • Further Drill permitting to be completed in 2015
Slide 18: West Africa - Gold Joint Venture
WEST AFRICA – GOLD JOINT VENTURE For personal use only • Burkina Faso gold project JV with Burkinor (a wholly owned subsidiary of SEMAFO) • Burkinor to spend U$7.5M over 3 years to earn 80% equity • JV commenced in May 2014 – ~18,000 auger samples collected to date • Two new titles added to JV prope
Slide 19: Burkina - Auger Gold Anomalies
BURKINA – AUGER GOLD ANOMALIES For personal use only 19
Slide 20: Key Activities for 2015
KEY ACTIVITIES FOR 2015 For personal use only AUSTRALIA – Identify & drill targets in the Fraser Range (WA) for high grade Ni-Cu mineralisation. PERU – Drill large porphyry Cu targets (4) through JV funding - complete drill permits for new porphyry Cu &/or IOCG targets (3) BURKINA FASO – Drilling go
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