Encounter Resources Limited · ASX:ENR
Encounter Resources — AMEC Investing in Mining Stocks Forum 2006
16 slides from Encounter Resources's conference presentation, May 6, 2006
Slide 1: Encounter Resources Limited
Encounter Resources Limited (ASX Code: ENR) AMEC Investing in Mining Stocks Forum 6 May 2006 Will Robinson – Managing Director www.encounterresources.com.au
Slide 2: Agenda
Agenda • Company Strategy • Background • Project Portfolio • Exploration Program
Slide 3: Strategy
Strategy After a 20 year virtual hiatus in uranium exploration activity in WA an exciting opportunity exists to: • Apply modern targeting and exploration technologies to define new uranium resources • Build an inventory of uranium resources to capitalise on a change in the regulatory environment • P
Slide 4: Company History
Company History A deliberate two year plan from concept to first drill hole… June 2004 Encounter founded October 2004 Identified the potential future value of high quality uranium exploration projects in WA December 2004 Commenced regional targeting and land acquisition program to secure uranium pro
Slide 5: Key Personnel
Key Personnel Quality team with a proven track record Paul Chapman (Non-executive Chairman) Managing Director Reliance Mining, Chief Financial Officer Minara Resources Will Robinson (Managing Director) WMC Business Planning Manager - Nickel, Vice President Marketing, Commercial Manager – Kambalda Pe
Slide 6: Corporate Structure
Corporate Structure Issued Capital: 60m Ordinary Shares (31.5m escrowed) 0.1m employee options (20c) Market Cap: $25m Current Cash: $4.6m Top 20 shareholders: 66% of Ordinary Shares
Slide 7: Project Portfolio
Project Portfolio Early mover strategy resulted in high quality, strategic uranium tenement holding in Western Australia 1. Yeelirrie Channel 2. Lake Way South 3. Leonora Regional 4. Officer Basin 5. Bangemall Basin 6. WA Regional All projects Encounter 80% & Avoca 20%, except Lake Way earning 60%
Slide 8: Yeelirrie Channel
Yeelirrie Channel 40 strike kms of the mineralised palaeochannel • Numerous areas of interest in 1,000 km2 Bellah Bore East • Reviewing historical data within Main Channel • Strong, unexplained geochemical anomaly defined at Yeelirrie South • First phase of the drilling focused on Bellah Bore East a
Slide 9: Lake Way South
Lake Way South Lake region between Nova Energy’s Lake Way and Centipede deposits • 12km of prospective drainage system between known uranium deposits • Historical intersection of 0.45m @ 787ppm U3O8 • Centipede mineralised trend remains open • Field validation of eastern radiometric anomaly …drillin
Slide 10: Lake Way South
Lake Way South …120 hole program due to commence June 2006 Lake Way uranium deposit Radiometric anomalies (uranium channel) E53/1010 Centipede uranium deposits 10km
Slide 11: Officer Basin
Officer Basin Throssell - Large untested radiometric anomaly with mapped calcrete • 10km long uranium series radiometric anomaly • Interpreted channel environment covered by E38/1786 Recent sediments • Outcropping calcrete zones within major drainage system …drilling proposed for 5km December 06
Slide 12: Bangemall Basin
Bangemall Basin Jabiluka/Ranger (unconformity) style uranium targets • Prospective geological setting for Jabiluka style uranium mineralisation • Discrete uranium geochemical anomalies Mesoproterozoic /Palaeoproterozoic margin • Numerous zones of calcrete mapped within associated drainage systems •
Slide 13: WA Regional Projects - Hillview
WA Regional Projects - Hillview Historic uranium mineralisation with higher grade potential 5km E51/1127 • 15km long lower grade (100-200ppm U) Higher grade lobe mineralised channel • Higher grades noted in potential tributary – 0.46m @ 970ppm – 0.45m @ 865ppm Low grade Main Channel – 0.3m @ 1001ppm
Slide 14: Drilling Programs
Drilling Programs Robust project pipeline with early drill targets 2006 2007 2008 ($1m) ($1.5m) ($1.5m) Yeelirrie - Middle/Bellah Bore - Main Channel - Sth Geochem Anom. - Other targets Lake Way South - Centipede Extension - Regional channel Leonora Regional (4) Officer Basin (3) Bangemall Basin (4)
Slide 15: Summary
Summary An exciting opportunity for brownfields and greenfields discoveries • Management team with successful track record • High quality, strategic uranium tenement holding in WA • Apply modern exploration technologies to define new resources • Three year exploration program • First phase of drilli
Slide 16: Encounter Resources Limited
Encounter Resources Limited (ASX Code: ENR) AMEC Investing in Mining Stocks Forum 6 May 2006 Will Robinson – Managing Director www.encounterresources.com.au
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