Slide 1: AQD - South32 Strategic Alliance
For personal use only AQD - SOUTH32 STRATEGIC ALLIANCE > A$10.0M Exploration Spend Ten Projects subject to SOUTH32 S.A.A. Five Projects at Drilling Stage $11.5 MILLION MARKET CAPITALISATION 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: Company Background
C O M PA N Y B A C K G R O U N D For personal use only • Focused on large scale provincial opportunities • Major base metals targeted - Cu Zn/Pb Ni • High impact / low overhead exploration • Significant funding from Major companies (15 years) • Focused Geography – 2 countries (Aust / Peru) • Strateg
Slide 4: 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 Chris Ellis (NED) 19.88% ASX Code AQD Directors (Incl C.E.) 23.33% Shares on Issue 525.5 million Citicorp Nominees Pty Ltd 2.49% Options on Issue Nil Top 20 (approx) 45.45% Market Cap. (at 2.2 cents) ~$11.5
Slide 5: South32 Strategic Alliance
S O U T H 3 2 S T R AT E G I C A L L I A N C E For personal use only • Strong support for early stage exploration & drilling • 10 projects funded under S.A. – 5 at drilling stage • High reward drilling –‘COMPANY MAKING’ TARGETS • South32 fund drill targeting (US$0.5M) of selected prospects & drillin
Slide 6: Alliance Projects - 05/18
ALLIANCE PROJECTS - 05/18 Projects Location Target STATUS Current Program For personal use only Chololo Peru Cu S32 right to earn 70% DDH drill (9/5000m) Cerro de Fierro Peru Cu-Au S32 right to earn 70% DDH drill (7/3000m) Los Otros Peru Cu S32 Expl. Opportunity IP Survey – Targeting Blue Billy JV W
Slide 7: Peru Projects – Copper Country
PERU PROJECTS – COPPER COUNTRY For personal use only 77
Slide 8: Chololo – New Porphyry Cu Discovery?
CHOLOLO – NEW PORPHYRY CU DISCOVERY? For personal use only Drill Access • Close to infrastructure – road, rail, power - 20km from Ilo port – 1100m RL • Access preparation in progress – Drilling to start May - ~5000m DDH 8
Slide 9: Chololo - New Porphyry Cu Discovery?
CHOLOLO - NEW PORPHYRY CU DISCOVERY? For personal use only Argillic alteration • Strong IP chargeability anomaly coincident with anomalous rock geochemistry • Possible large (~1.5km²) sulphide halo (+Cu?) associated with buried porphyry • First target to be drilled (~5000m) in Peru under the Strateg
Slide 10: Cerro de Fierro – New IOCG Discovery?
CERRO DE FIERRO –NEW IOCG DISCOVERY? For personal use only • Close to Marcona (Fe), Mina Justa, Pampa Pongo (Fe-Cu-Au) & Los Chapitos (Cu) • Magnetic target identified from Company’s proprietary airborne data • Extensive Cu & regional scale potassic alteration implies prospectivity 10
Slide 11: Cerro de Fierro – New IOCG Discovery?
CERRO DE FIERRO –NEW IOCG DISCOVERY? For personal use only CDF04 CDF01 (Drill Permitting in progress) • Large scale IP / magnetic target associated Cu-Au anomalies – IOCG / Manto? • Second target to be drilled in Peru (~3000m) under Strategic Alliance (S32) 11
Slide 12: Australia – Projects (South32)
AUSTRALIA – PROJECTS (South32) For personal use only • Focus on large scale base metal projects (WA - QLD) • 7 projects to be tested under Strategic Alliance in 2018 • Drilling of sediment-hosted Zn targets at Blue Billy JV • Drilling of Ni-Cu targets at Balladonia & Jimberlana • Magmatic Ni-Cu targ
Slide 13: Blue Billy JV (South) – SEDEX Zinc
B L U E B I L LY J V ( S o u t h 3 2 ) – S E D E X Z I N C For personal use only • RC Drilling (~2900m) to test priority structural targets for large scale sediment hosted zinc mineralisation. 13
Slide 14: Jimberlana (South32) Ni-Cu Project
JIMBERLANA (South32) NI-CU PROJECT For personal use only • Jimberlana Dyke - large (200km x 1-2km) highly fertile (Ni) mafic intrusion • Priority massive sulphide targets (Ni-Cu) at base of intrusion (< 700m depth) • Diamond drilling (~700m) to test targets identified by MLTEM surveys 14
Slide 15: Balladonia (South32) Ni-Cu Project
BALLADONIA (South32) Ni-Cu PROJECT For personal use only • Large tenement holding (1040km²) in Fraser Range • Six drill targets identified by EM Surveys • Diamond (~1200m) & Aircore (~1300m) drilling to test bedrock conductors (see insert) 15
Slide 16: Drilling to Increase in 2018
DRILLING TO INCREASE IN 2018 Existing Projects Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec For personal use only Project Generation Chololo (S32) Drill Permitting ✓ Drilling ✓ Cu – Peru Cerro de Fierro (S32) Drill Permitting ✓ Drilling ✓ Cu-Au - Peru Blue Billy JV (S32) Targeting ✓ Access Drilli
Slide 17: Why Add AQD to Your Watchlist?
W H Y A D D A Q D TO Y O U R WAT C H L I S T ? For personal use only • High Levels of Activity • Strategic Alliance Funding • Material Opportunities • High leverage – Low EV • Many Market Catalysts 17
Slide 18: 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 18