Ausquest Limited · ASX:AQD
Ausquest — RIU Presentation (February 2015)
22 slides from Ausquest's conference presentation, Feb 25, 2015
Slide 1: RIU Presentation by Graeme Drew
For personal use only METRES RC & DIAMOND DRILLING COPPER 12-18 months (planned) 46,000 metres (Expected start 1H2015) GOLD 48 months (possible) +110,000 metres UP TO A$41M FUNDED BY JV PARTNERS NICKEL MAJOR LANDHOLDER IN THE FRASER RANGE Planning to drill this year close to Sirius (SIR) & Mount Rid
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 ASX Code AQD Chris Ellis (NED) (+ Convertible Note) 9.5% Shares on Issue 298.5 million Top 20 38% Options on Issue 68.7 million Directors Market Cap. (at 2.5 cents) ~$7.5 million Greg Hancock Non Exec. Chai
Slide 4: Massive Next Months for AQD
MASSIVE NEXT 12 MONTHS FOR AQD For personal use only • Landmark Peru JVs worth up to A$34M - includes cash to AQD up to A$13M • New Ni-Cu opportunities in major Fraser Range holding - planning to drill close to Sirius & Mount Ridley Mines • Banfora Gold JV – Up to A$7M budget in 2015 (SEMAFO) • Tigh
Slide 5: Peru Cu-Au High Impact Exploration
P E R U C U - A U H I G H I M PA C T E X P L O R AT I O N For personal use only • Three Joint Ventures with Peruvian Majors • 4 large Cu-Au targets to be drilled – expected start 1H 2015 • 70,000m drilling + US$10M cash over 4 years to earn 70% in 4 prospects • 20,000m drilling or expenditure of US$
Slide 6: Peru – Excellent Cu-Au Pedigree
PERU – EXCELLENT CU-AU PEDIGREE For personal use only • Giant Cu (Au) deposits • Major Cu producer • >U$3.5B Cu – southern Peru • Mine Expansions • Covered areas • Secure Mining Title 6
Slide 7: Cerro Verde Mine – Southern Peru
For personal use only CERRO VERDE MINE – SOUTHERN PERU 7
Slide 8: Cerro Verde to Double Production
For personal use only CERRO VERDE TO DOUBLE PRODUCTION 8
Slide 9: Peru – Project Locations
P E R U – P R O J E C T L O C AT I O N S For personal use only 3 JV Projects 10 Projects 100% owned 9
Slide 10: Drilling Cu-Au Targets - Ilo JVs
D R I L L I N G C U - A U TA R G E T S - I L O J V s For personal use only • 2 JVs signed with Zahena to drill large-scale porphyry Cu-Au targets near ILO • 50,000m drilling & US$7 million cash (est. value US$17.5M) earns 70% in both • Commitment - 5,000m Cardonal (US$1M) – 10,000m Puite-Colorada (U
Slide 11: Cardonal & Puite Drill Targets
CARDO NAL & P UITE DRIL L TARG ETS 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 & geophysical anomalies 2km PUITE PROSPECT 1.2km 11
Slide 12: Drilling Cu-Au Targets – Lana JV
D R I L L I N G C U - A U TA R G E T S – L A N A J V LANA For personal use only • JV with Southern Copper to drill large Cu-Au target – 5,000m DDH commitment • Drill targets at Cerro de Fierro (100% AQD) – permitting in 2015 12
Slide 13: Chololo Drill Target - 2015
C H O L O L O ( 1 0 0 %) D R I L L TA R G E T - 2015 For personal use only 472m @ 0.11%Cu 472m @ 0.11%Cu • Next to Ilo Este Porphyry Cu prospect (Latin Resources JV with Zahena) • Anomalous Cu-Mo & sericite /alunite alteration - new Porphyry Cu system • Prospect ~250m vertically above Ilo Este - enh
Slide 14: Escondida Magnetic Signature
E S C O N D I D A M A G N E T I C S I G N AT U R E For personal use only • Escondida – very large Porphyry Cu deposit in Chile • Recognised in aeromagnetic data (detailed) • Magnetic nodes reflect potassic alteration (magnetite) • Potassic alteration associated with Cu mineralisation • Discrete magn
Slide 15: Three New Cu-Au Targets in Peru
THREE NEW 1 0 0 % CU -AU TARG ETS IN PERU Target 1 Target 2 Target 3 For personal use only • Magnetic targets similar to Escondida under cover in southern Peru – located using proprietary aeromagnetic data • Targets held 100% by Questdor (wholly owned subsidiary of AQD) • Ground evaluation in 2015 -
Slide 16: Fraser Range Footprint - 2300km²
FRASER RANGE FOOTPRINT - 2300Km² For personal use only Fraser Range (100% AQD) Mt Ridley Mt Ridley 16
Slide 17: Gibson Soak Ni-Cu Targets
GIBSO N SO AK 1 0 0 % - N I -CU TARG ETS For personal use only Mt Ridley Tenement 20km 17 Lookalike targets to Mt Ridley AusQuest Tenement 17
Slide 18: Balladonia 100% - New Ni-Cu Project
BALLADONIA 100% - NEW NI-CU PROJECT For personal use only Nova Bollinger • Potential continuation of Nova sequence • Look-alike targets to Crux (Sirius drilling) (Sirius reported “Nova-style host rock plus disseminated & matrix 60km sulphides in first diamond hole SFRD520”) CRUX • Sampling supports
Slide 19: Balladonia South - Ni-Cu Targets
B AL L ADO NIA SO UTH - N I -CU TARG ETS For personal use only Mafic/ Ultramafic Intrusion SFRD520 Inset – Crux (Sirius) Ni-Cu Prospect – TMI Image 19
Slide 20: Banfora Gold JV – A$7M Budget 2015
BANFORA GOLD JV – A$7M BUDGET 2015 7,000m For personal use only • RC drilling at 5 gold projects in Burkina Faso to start Feb 2015 4,000m • Up to 39,000m RC drilling & 20,000m 150,000m of auger in 2015 4,000m • Extensive auger gold anomalies (>25ppb Au) reported in 2014 • Drilling funded by Burkinor
Slide 21: Upcoming Action for AusQuest
UPCOMING ACTION FOR AUSQUEST For personal use only COPPER Peru JVs - Four large Cu-Au targets drilled (20,000m) 100% Cu-Au targets outside JV – added value GOLD Banfora Gold JV - Targets drilled in 5 areas (26,000m) New Ni-Cu opportunities in Fraser Range (WA) NICKEL Drill Target definition work und
Slide 22: 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 Email: graeme@ausquest.com.au www.ausquest.com.au 22