Slide 1: Australian Copper Conference
For personal use only Australian Copper Conference Brisbane ASX : ENR 19 June 2013
Slide 2: Investment Summary
INVESTMENT SUMMARY • Major land position in For personal use only Proterozoic sedimentary basin (1400km2) • Surrounded by major mineral deposits (Au-Cu, Cu, U and Mn) • Greenfields copper discovery 11km long and growing Yeneena Copper • Experienced team of former Project WMC executives • Well funded
Slide 3: Corporate Information
CORPORATE INFORMATION Board For personal use only Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 132.5m Ordinary Shares Issued Capital 8.1m Employee Options Market Cap. A$23.2m
Slide 4: Antofagasta Farm-In
ANTOFAGASTA FARM-IN One of the world’s largest copper producers and explorers For personal use only Key terms: • Antofagasta may earn a 51% interest in tenements E45/2658 and E45/2805 (433km2) within the Yeneena project (approximately 30% of Encounter’s Yeneena land holding) by incurring expenditure
Slide 5: Antofagasta Farm-In: The Benefits
ANTOFAGASTA FARM-IN The Benefits: For personal use only • Significant endorsement of the large scale deposit potential by one of the world’s largest copper mining companies • Considerable financial, technical and operating resources to progress the exciting copper discoveries made by Encounter • Ens
Slide 6: Yeneena Project
YENEENA PROJECT Major land position amongst giant mineral deposits For personal use only 6
Slide 7: Yeneena Project: Sand cover has inhibited previous exploration
YENEENA PROJECT For personal use only Sand cover has inhibited previous exploration 7
Slide 8: BM1 - BM7 Prospects
BM1 - BM7 PROSPECTS Copper mineral system 11km long and growing For personal use only BM1 - coherent zone of near surface copper oxide mineralisation • 10m @ 6.8% Cu from 32m • 20m @ 2.0% Cu from 22m • 8m @ 3.6% Cu from 18m • 4m @ 5.5% Cu from 66m BM7 - New copper discovery 3km south of BM1 in 2012
Slide 9: Long Section BM1-BM7
LONG SECTION BM1-BM7 Shallow drilling defines major new Copper-Cobalt mineral system For personal use only Next Slide 9
Slide 10: BM7 Prospect
BM7 PROSPECT Extensive “End of Hole” Copper-Cobalt For personal use only Dolomite • Aircore drilling new tenement Oct 2012: Alteration Zone • 9m @ 1.5% Cu & 1.0% Co from 42m to EOH • 6m @ 0.4% Cu & 438ppm Co from 26m to EOH • 8m @ 0.5% Cu & 364ppm Co from 76m to EOH • 34m @ 0.4% Cu & 238ppm Co from
Slide 11: BM7 Prospect: Primary Copper Intersections
BM7 PROSPECT Primary Copper Intersections For personal use only Dolomite • Depth extensive copper sulphide Alteration Zone mineralisation associated with large dolomite alteration zone • +800m long zone of copper sulphide • End of hole (EOH) primary copper in recent +800m zone of RC drill program. N
Slide 12: Regional Targets - South
REGIONAL TARGETS - SOUTH VTEM Magnetics Untested targets south For personal use only of 11km system at BM8 • Coincident magnetic & EM anomaly • Large scale alteration anomaly • No previous exploration • Exploration funded BM8 Prospect BM8 Prospect through Antofagasta farm-in 12
Slide 13: Regional Targets - North
REGIONAL TARGETS - NORTH Untested targets north of BM1-BM7 For personal use only • Significant north-east trending structure that mirrors the BM1-BM7 copper system • Key structural targets identified • Shallow sand cover 100% ENR Previous Slide • Minimal previous exploration – a handful of RAB holes
Slide 14: Discovery Timeline
DISCOVERY TIMELINE For personal use only 2013 Objectives 2012 High grade copper Large scale, copper sulphides at BM7 Anto. 2011 discovery at BM7 Test targets south Farm-in Discovery of copper Regional copper targets defined and east of BM7 sulphides at BM1 2010 New copper oxide Test Regional Targets
Slide 15: Sediment Hosted Copper
SEDIMENT HOSTED COPPER 25 For personal use only Central Africa Copper Deposits Paterson Mt Isa 20 Province Endowment Endowment MT Cu (pre mined resources) 170MT Copper 2.3MT Copper 15 Deposit style produces giant orebodies Is Nifty the giant of the Paterson? 10 5 *includes basement hosted deposits 0
Slide 16: Summary
SUMMARY Yeneena – Australia’s Next Great Copper District? For personal use only • Advanced stage copper exploration • Large scale system over 11km long and growing • High grade near surface intersections • First world mining jurisdiction • Major mining company funding through Antofagasta farm-in • S
Slide 17: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement For personal use only This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived fr
Slide 18: Drillhole Assay Summary
DRILLHOLE ASSAY SUMMARY Prospect Depth from (m) Depth to (m) Interval (m) Copper (%) Cobalt (ppm) Hole ID EPT1690 BM6 184 186 2 0.16 46 and 198 200 2 0.19 48 For personal use only EPT1691 BM6 118 122 4 0.20 239 and 146 156 10 0.17 171 EPT1692 BM1 312 314 2 0.11 76 EPT1693 BM1 22 38 16 0.13 25 and 33