Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2021)
23 slides from Ausquest's shareholder meeting presentation, Nov 24, 2021
Slide 1: AusQuest Limited – AGM November 2021 MD Presentation
A USQ UEST L I M I T E D ( A S X : A Q D ) SAA EXTENDED FOR TWO YEARS Drill Targets Morrisey (Ni-Cu-PGE) – Dec 2021 Drilling Fraser Range (Cu-Ni) – Q1 2022 Drilling at Hamilton (Cu) – Q2 2022 Drilling Los Otros (Cu-Au) – Dec 2021 Drilling Peru CDF & PCY (Cu-Au) – H1 2022 AGM November 2021 - MD Prese
Slide 2: Disclaimers
DISCLAIMERS 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 based on specific ass
Slide 3: Capital Structure
C A P I TA L S T R U C T U R E AusQuest Limited Significant Shareholder ASX Code Chris Ellis (NED) 21.24% AQD Directors (Incl C.E.) 24.15% Shares on Issue 823.1 million Altor Capital Management Pty Ltd 3.61% Options on Issue (listed) 127.0 million Asuper Pty Ltd 1.72% Top 20 (approx) 44.05% Market C
Slide 4: Hamilton – Copper Gold Project
H A M I LTO N – C o p p e r G o l d P r o j e c t ( S A A ) Osborne Mine Cannington Mine ~70km north ~100km north 166Mt @ 1.1%Cu 0.54gptAu 79Mt @ 260gptAg 7.9%Pb, 5.4%Zn 36Mt @ 2.0%Cu 1.0gptAu • Under cover but close to Cannington – strong incentive for discovery under SAA • Mineralised BIF intersec
Slide 5: Hamilton North – Priority Drill Target
H A M I LT O N N O R T H – P r i o r i t y D r i l l Ta r g e t BIF • DHEM & Structure infer nearby Target - Further drilling planned Q2 2022 55
Slide 6: Hamilton South – Mineralised BIF
H A M I LTO N S O U T H – M i n e r a l i s e d B I F BIF BIF BIF • Mineralised BIF intersected in DD012 • Strong pathfinder signature (Cu, Au, Bi, Mo, Se, Sn, W, Te, Pb, LREEs) • Structural targets nearby (?) – Gravity to optimise drill target(s) – Drilling 2022? 6
Slide 7: Projects (WA) – Prospect Summary 2021
PROJECTS (WA) – Prospect Summary 2021 • New Cu-Au-Ni targets identified at Balladonia – Potential for NiS, IOCG and BHT deposits to be tested by drilling in 2022 • HEM and soil surveys at Morrisey highlight targets for Ni-Cu-PGE mineralisation within mafic/ultramafic rocks similar to Julimar(?) • Ta
Slide 8: Balladonia – IOCG/BHT & NiS Targets
B A L L A D O N I A – I O C G / B H T & N i S Ta r g e t s ( S A A ) Harms Lake Harms Lake Tea Tree Tea Tree Strong magnetic anomalies Similarities emerging with East Succession (Mt Isa) targets for IOCG / BHT deposits which contains many Cu, Au, Ag, Pb & Zn deposits 88
Slide 9: Balladonia – Tea Tree Drill Target
B A L L A D O N I A – Te a T r e e D r i l l Ta r g e t • Potential IOCG and/or BHT targets with similar magnetic, gravity, geochem signatures to deposits found in NW Qld (Mt Isa) – Drilling planned for Q1 2022 99
Slide 10: Balladonia – Harms Lake Drill Target
B A L L A D O N I A – H a r m s L a k e D r i l l Ta r g e t Aircore Drilling • Anomalous Ni, Cu and Cr values imply mafic/ultramafic intrusive with potential for Ni-Cu-PGE mineralisation – Ground EM survey Dec 2021 - Drilling 2022? 10 10
Slide 11: Morrisey - Ni-Cu-PGE Project
MORRISEY - Ni-Cu-PGE Project (SAA) • Julimar Ni-Cu-PGE discovery focused attention on western margin of Yilgarn • New title secured at Morrisey and Moora north of Perth • Target - magnetic signatures similar to those at Julimar 11
Slide 12: Morrisey - Ni-Cu-PGE Project
MORRISEY - Ni-Cu-PGE Project HEM Survey HEM Survey • Numerous magnetic targets in similar geological setting to Julimar - 80km potential strike
Slide 13: Morrisey - Ni-Cu-PGE Prospects
MORRISEY - Ni-Cu-PGE Prospects Bilga Rocks Sandfly Waterfall • HEM survey locates 3 likely sulphide targets (no spurious conductors) • Anomalous soil Ni, Cu, Cr reflect prospective host rocks (U/M) &/or possible mineralisation • Magnetics outlines potential mafic/U/M bodies & infers large scale • Gr
Slide 14: Peru Projects – Copper Country
PERU PROJECTS – Copper Country • Significant drilling planned (estimate - 3 projects ~10,000m RC) • Los Otros mid-December; CDF East (Pirata) & Parcoy mid-2022 • Numerous porphyry copper targets identified at Pirata and Los Otros • Stage 2 drilling at Parcoy following “Proof of Concept” drilling in
Slide 15: Cerro de Fierro – Drill Results
CERRO DE FIERRO – Drill Results (SAA) • Widespread Cu in the volcanics – Focus in south shifting to porphyry Cu potential 15
Slide 16: CDF-East (Pirata) – Porphyry Cu Potential
CDF-EAST-(Pirata) – Porphyry Cu Potential Cerro de Fierro Pirata • Potential for porphyry Cu recognised in 2021 drilling at CDF – Numerous porphyry Cu targets now evident within structural corridor up to 20km east of CDF • Anomalous pathfinders (Mo) & pyrophyllite infer proximity to porphyry systems
Slide 17: Pirata – Porphyry Cu Targets
P I R ATA – P o r p h y r y C u Ta r g e t s T 1 , T 2 , T 4 T2 T4 Porphyry Cu Target T1 • Lithocaps (AAA) are the surface expression of hidden porphyries – ‘a geological anomaly” • T1 and T2 have extensive AAA with anomalous pathfinders (eg Mo) and significant pyrophyllite • T1 has associated mag r
Slide 18: Parcoy – Copper in Known IOCG Belt
PARCOY –Copper in Known IOCG Belt (SAA) • Highly prospective region for IOCG deposits – close to Mina Justa (475Mt @0.68%Cu), & along strike from Los Chapitos (Camino Minerals) – 50km from Cerro de Fierro • Initial drilling provided ‘Proof of Concept’ for Cu (Au) manto style deposits within the volc
Slide 19: Parcoy – Proof of Concept Drilling
PARCOY – “Proof of Concept” Drilling Drill Target Area 2022 19
Slide 20: Los Otros – Elephant Country for Cu
LOS OTROS – Elephant Country for Cu (SAA) Drill Targets • Prospect located close to major Cu producers – AAA (lithocap) at Los Otros has similar age to nearby porphyry deposits – Initial drill test to start Dec 2021
Slide 21: Los Otros – Proof of Concept Drilling
LOS OTROS – ‘Proof of Concept’ Drilling
Slide 22: AusQuest - Next Six Months Drilling
AUSQUEST - Next Six Months Drilling Projects Nov Dec Jan Feb Mar April May Hamilton (SAA) Diamond Drill ✓ Drill Prep ✓ Gravity ✓ Cu-Au – QLD DHEM Balladonia (SAA) Target Definition✓ Gravity / EM ✓ Access - Diamond Drill ✓ Assess results ✓ Cu-Pb-Zn-Ag – WA Morrisey (SAA) Optimise Targets for drilling
Slide 23: Contact
C O N TA C T 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 Email: graeme@ausquest.com.au www.ausquest.com.au 23