Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2012)
27 slides from Ausquest's shareholder meeting presentation, Nov 27, 2012
Slide 1: AusQuest Annual General Meeting
For personal use only AusQuest Annual General Meeting 27th November 2012 Managing Director Presentation
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
Capital Structure For personal use only • Listed securities 228m to 160m (pending shareholder & FIRB approval re Cliffs buy-back) • Unlisted Options 6.5M staff Options • Major shareholders Cliffs 30%, Hamersley 4.6%, C Ellis 4.7% (pre AGM), changing to - C Ellis 6.7%, Hamersley 6.6% (pending shareho
Slide 4: Where are we now?
Where are we now? For personal use only • Board re-affirms company’s direction to make discoveries with provincial implications • Sound financial position for programme ahead • Gold in West Africa remains a major asset – looking at ways to maximise this opportunity for shareholders • In Peru explora
Slide 5: West Africa Exploration Update
West Africa Exploration Update For personal use only • Increased ownership (100%) and land position • Encouraging intersections from early stage recce drilling over structural gold targets – five priority areas identified • New potential gold lodes (+/- base metals) at Phaco Hill identified by shall
Slide 6: Comoe Project – Bukina Faso
Comoe Project – Bukina Faso For personal use only • Equity – AusQuest 100% : Endeavour 1.5%NSR • Land Holding – 1150km² within Banfora Greenstone Belt • Under-explored region of gold-rich West African Shield 6
Slide 7: Comoe Project - Overview
Comoe Project - Overview For personal use only Noumousso • Increased ownership to 100%-owned Finkere or option-to-own 100% (1.5% NSR) BANFORA Tiefora • Permits cover volcanic sequences as Kapogouan well as metasedimentary schists Kaouradeni Kangounadeni • Both sequences prospective for structure-hos
Slide 8: Comoe - Northern Prospects
Comoe - Northern Prospects For personal use only Lagnin Nandrefa 1m @ 4.63 g/t (EOH) & 4m @ 4.69 g/t numerous results >0.5g/t 8m @ 0.68 g/t Shears /altered granodiorite Altered granodiorite 2012 RAB Program Noumousso Diarabakoko East Taurus Gold Daramandougou Nandrefa • RAB drilling (27,000m) 4m @ 1
Slide 9: Comoe – Southern Permits
Comoe – Southern Permits For personal use only Baboro 2km x 1km gold soil anomaly 9 RC holes – 4m @ 1.5g/t, 16m @ 0.5g/t Sommet New Prospect Similar Nogbele setting Cisaillee 4m @ 8.7 g/t, 24m @ 0.6g/t Adjacent Siniko Shear Intense alteration >500m Phaco Hill Phaco Hill Several gold-silver lodes Hig
Slide 10: Phaco Hill Gold-Silver Prospect
Phaco Hill Gold-Silver Prospect For personal use only Ph North East Ph North 11m @ 0.5 g/t Au Broader Au (±Ag) lodes Base metals in soils Medium grade (~2-4 g/t Au) Open along strike & at depth Ph East Minimal drilling 8m @ 1.5 g/t Au Open all directions Ph South East 12m@3.8 g/t Au (EOH) RAB from s
Slide 11: Phaco Hill Potential
Phaco Hill Potential For personal use only 11
Slide 12: Phaco Hill – Sulphide Mineralisation
Phaco Hill – Sulphide Mineralisation For personal use only 12
Slide 13: Peru Initiative
Peru Initiative For personal use only • Elephant country for IOCG and Porphyry Cu deposits • Joint exploration funding (50:50 Cliffs) extends coverage of AQD expenditure • Field activity increased in 2nd half 2012 following grant of tenements (81 of 154 Mineral Claims) • Recce mapping/sampling and g
Slide 14: Peru JV - Tenements
Peru JV - Tenements For personal use only 14
Slide 15: Pampa Colorado Prospect
Pampa Colorado Prospect For personal use only 15
Slide 16: Pampa Colorado Prospect
Pampa Colorado Prospect For personal use only 16
Slide 17: Australia Exploration Update
Australia Exploration Update For personal use only • Target definition and RC drilling planned for the Stanley Manganese Project in 2013 following agreement with Cliffs • Nickel –copper targets identified from geochemical data at Dundas ~80km SE of the Nova Ni-Cu discovery • VTEM survey scheduled fo
Slide 18: AusQuest Australian Projects
AusQuest Australian Projects For personal use only Stanley Mn Teriwa Cu-Au Earoo Ni Dundas Ni, Au Active projects 19
Slide 19: Stanley Manganese Project – Cliffs JV?
Stanley Manganese Project – Cliffs JV? For personal use only • Agreement with Cliffs will maintain exposure to the Stanley project (AQD 30%) and deliver longer term exploration - pending results • 2300km² of title in the Earaheedy Basin • Mn is widespread & found at different stratigraphic levels •
Slide 20: Stanley Manganese Project
Stanley Manganese Project For personal use only 21
Slide 21: Dundas Nickel Project
Dundas Nickel Project For personal use only •Project located ~80km SW of new Nova Ni-Cu Discovery •Review of company geochemical data base identified several low order but semi-coincident Ni-Cu anomalies •Mafic and ultramafic rocks confirmed in the area by previous RAB drilling results •VTEM surveys
Slide 22: Dundas Nickel – VTEM Survey
Dundas Nickel – VTEM Survey For personal use only 23
Slide 23: Earoo Nickel Prospect – Regional Setting
Earoo Nickel Prospect – Regional Setting For personal use only 24
Slide 24: Earoo Nickel VTEM Survey
Earoo Nickel VTEM Survey For personal use only • Large mafic sill (26km x 5km) & internal structures clearly outlined by magnetics • VTEM Survey (2011) originally identified one sulphide target – EVA3 • Recent FLTEM located second stronger response 400m from original target • VTEM review found subtl
Slide 25: EVA3 – FLTEM Results
EVA3 – FLTEM Results For personal use only Strong Response Priority Drill Target Original VTEM target Early Time (6 msec) Late Time (53 msec) 26
Slide 26: EVA3 – Models and Drill Targets
EVA3 – Models and Drill Targets For personal use only North East Plan View • High Conductance target • Model geometry suggests Model Section source within flat-lying sill Looking East 27
Slide 27: Planned Activities – First Half 2013
Planned Activities – First Half 2013 For personal use only Project Activity Jan Feb Mar April May Jun Earoo Ni Drilling ? ? EM Surveys ? ? Dundas Ni VTEM Survey EM & sampling ? Drilling ? ? Stanley Mn EM, gravity, map RC Drilling Peru JV Cu-Au Target Definition Drilling (CNR) ? ? Banfora Au Corporat