Encounter Resources Limited · ASX:ENR
Encounter Resources — Shareholder Meeting (November 2021)
26 slides from Encounter Resources's shareholder meeting presentation, Nov 26, 2021
Slide 1: Annual General Meeting
For personal use only Annual General Meeting Perth, WA 26 November 2021 Copper exploration critical to meeting market demands ASX: ENR
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is For personal use only given in good faith. Certain information in this document has been derived
Slide 3: Project Generator Model
PROJECT GENERATOR MODEL Progress project pipeline with a mix of alliances, joint ventures and sole funding For personal use only TIER 1 TARGETS Project generation and exploration targeting copper dominant The discoveries in world-class mineral belts Encounter HIGH QUALITY PARTNERS Partner with leadi
Slide 4: Transformational year for Encounter – Copper Focus
Transformational year for Encounter – Copper Focus For personal use only 2019-2020 January 2021 May 2021 First mover camp-scale copper IOCG style copper-gold-REE in Earn-in agreement and JV at position secured across multiple drilling at Aileron – West Arunta, WA Elliott Copper – Northern Territory
Slide 5: A premier copper exploration portfolio
A premier copper exploration portfolio Early mover positions in world-class minerals belts attracting Tier 1 partners For personal use only Paterson Province – WA Sandover Cu-Au System 25km NW of Telfer and new approach in a known Cu-Co district Elliott ▪ Lamil Copper-Gold (ENR 100%) Northern Territ
Slide 6: Copper dominant exploration
Copper dominant exploration Positions in three emerging regions in Australia with potential to host For personal use only large scale copper discoveries ▪ Validated through joint venture partners and third party interest in 100% owned assets ▪ Demerger and IPO of West Tanami gold assets through Hame
Slide 7: Encounter at a glance
Encounter at a glance Creating value through project generation and discovery For personal use only Capital structure Share price – 12 months ASX ticker ENR $0.35 6000000 Share price (24/11/2021) $0.15 $0.30 5000000 Shares on issue 316M $0.25 4000000 Options 14M $0.20 3000000 Market capitalisation ~
Slide 8: Paterson Province, Western Australia: Australia's hottest copper address
For personal use only Paterson Province, Western Australia: Australia’s hottest copper address 8
Slide 9: Copper-gold system established at Lamil
Copper-gold system established at Lamil ▪ 100% ENR – located 25km NW For personal use only of Telfer ▪ Seven hole (2,850m) diamond drill program completed September 21 ▪ Two copper-gold mineralised stratigraphic horizons identified ▪ Horizons intersected over 200m of strike and remain open in all di
Slide 10: Drilling results point to potential large copper-gold system
Drilling results point to potential large copper-gold system High grade copper intersections rare outside of Winu & Havieron For personal use only Altered & veined siltstone with quartz carbonate-pyrite with chalcopyrite veining ~280.5m in ETG0243 • 0.23m @ 4.70g/t Au & 1.54% Cu Semi-massive pyrite
Slide 11: Yeneena Copper-Cobalt
Yeneena Copper-Cobalt For personal use only ▪ Paterson Province is a proven mineral region with a consistent history of discoveries ▪ ~1,600km² of the Paterson Province ▪ IGO can sole fund $15 million in exploration expenditure over a maximum seven years to earn a 70% interest ▪ Data acquisition pro
Slide 12: Northern Territory: The next hot spot for copper in Australia
For personal use only Northern Territory: The next hot spot for copper in Australia 12
Slide 13: Northern Territory: the next hot spot for copper in Australia
Northern Territory: the next hot spot for copper in Australia ▪ Highly prospective, vastly underexplored For personal use only region under shallow cover ▪ Located between the major copper-gold producing districts of Mt Isa and Tennant Creek ▪ Transformational investment in pre- competitive data by
Slide 14: Sediment-hosted copper: key ingredients
Sediment-hosted copper: key ingredients EXPLORING For personal use only NT DISCOVERY ELEMENTS FOR THE SCORECARD FUTURE DATA Source rocks Size of sedimentary basin and sub-basin ✓ EXPLORATION FOCUS Brines Bitten brines vs evaporites or both? ✓ Grabens form a natural containment for Gravity, Seals den
Slide 15: Elliott Copper Project
Elliott Copper Project ▪ BHP (ASX:BHP) earn-in and joint venture For personal use only agreement covering the 7,200km2 Elliott Copper Project ▪ BHP may earn up to a 75% interest in Elliott by spending up to $25 million over 10 years ▪ Compelling exploration opportunity in the vastly underexplored Gr
Slide 16: NTGS Core Library, Darwin
For personal use only NTGS Core Library, Darwin 16
Slide 17: Jessica and Carrara: Copper near surface and at depth
Jessica and Carrara: Copper near surface and at depth For personal use only Copper Carbonate (Malachite) 0-3m from RN28419 – chemical assay 1.5% Cu 1 Chalcopyrite contained in a calcareous shale unit within NDI Carrara1 ~1,617m 4 Drill hole NDIBK04 pyrite- Crosswinds Copper Prospect - chalcopyrite v
Slide 18: Carrara: prospective basin architecture
Carrara: prospective basin architecture Correlation of prospective stratigraphic units from the Isa Super Basin into the Carrara Sub-basin indicates the Mount Isa Province extends to the west For personal use only Carrara Chalcopyrite (Cu sulphide) contained in a calcareous shale unit Carrara Sphale
Slide 19: Sandover Copper Project
Sandover Copper Project ▪ 170km north-east of Alice Springs For personal use only ▪ Zambian copper belt analogous – very rare to find in an Australian setting ▪ Targeting the Neoproterozoic basal Georgina basin sediments ▪ +20km of outcropping malachite in the Neoproterozoic Central Mt Stuart Format
Slide 20: Sandover Copper Project: outcropping malachite outlines potential major mineral system
Sandover Copper Project Outcropping malachite outlines potential major mineral system For personal use only ▪ Major elements of a sediment-hosted copper system present — Juxtaposition of Neoproterozoic sediments against crystalline basement — Evaporites — Reduced stratigraphic units to trap Cu brine
Slide 21: Sandover Copper Project: +20km of outcropping copper
Sandover Copper Project +20km of outcropping copper in Zambian copper belt setting For personal use only 2 3 1 4 5 21
Slide 22: West Arunta, Western Australia
For personal use only West Arunta, Western Australia: “The next major copper exploration focus in WA” 22
Slide 23: West Arunta: IOCG targets in an unexplored region
▪ 1,300km² West Arunta province of WA ▪ First diamond drill hole to a depth of 158m (EAL001) intersected hydrothermal hematite- For personal use only altered mafic intrusions and granite with a distinctive IOCG geochemical signature ▪ Metal anomalism is associated with hematite-alteration West Arunt
Slide 24: West Arunta: Initial gravity results
West Arunta: Initial gravity results ▪ Discrete, pipe-like density anomaly ~600m by 600m For personal use only (~2 mgal) ▪ Coincident magnetic anomalism ▪ Next Steps - Heritage survey, surface geochemistry then drilling Residual Gravity Gravity Inversion DS300 Gravity Survey Nov 2021 South-Eastern M
Slide 25: 2022 exploration activity
2022 exploration activity Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 For personal use only Paterson Copper-Gold Gravity Diamond Drilling (100% ENR) Survey Lamil Copper Projects NT Gravity survey Partnering Aircore Diamond (Jessica / AEM (100% ENR) opportunities? drilling Drilling Carrara) West Arunta I
Slide 26: Foundations established for major copper exploration drive
Foundations established for major copper exploration drive Major new copper discoveries required to meet For personal use only burgeoning demand Sediment-hosted copper systems are a high grade and large deposit style Central Australia has the right geology for sediment- hosted and IOCG copper deposi
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