Slide 1: Alliance with South32
For personal use only ALLIANCE WITH SOUTH32 ~ US$2.4M funding received to date At least 6 Projects to be tested in 2017 Three Copper targets in Peru Three Projects (Ni, Zn) in Australia $7.5 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: 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) 16.53% ASX Code AQD Directors (Incl C.E.) 20.15% Shares on Issue 500.8 million Merrill Lynch (Aust) Nominees P/L 2.25% Options on Issue 78.9 million Top 20 (approx) 42.76% Market Cap. (at
Slide 4: South32 Alliance – How It Works
SOUTH32 ALLIANCE – HOW IT WORKS For personal use only • Strong support for early stage exploration – all opportunities offered exclusively to South32 • HIGH REWARD DRILLING – ‘COMPANY MAKING’ TIER 1 TARGETS • South32 provide funds (up to US$0.5M) to advance selected prospects to drilling stage • If
Slide 5: Alliance - Asset Overview
ALLIANCE - ASSET OVERVIEW Target Current For personal use only Projects Location STATUS Activity Commodity AQD % Western South32 right to Blue Billy JV Zinc 100% Drilling August Australia earn up to 80% Jimberlana Western South32 right to EM targeting Nickel 100% (SA) Australia form JV in progress B
Slide 6: Australian Projects – (SA & AQD)
AUSTRALIAN PROJECTS – (SA & AQD) For personal use only • Focus on large scale base metal projects (WA) • High prospectivity for Ni-Cu at Fraser Range & Jimberlana • HPEM in progress (under SA) to identify drill targets • Large sedimentary Zn targets at Blue Billy • Maiden drilling (under S32 JV) com
Slide 7: Blue Billy JV (South) – Zn Target
B L U E B I L LY J V ( S o u t h 3 2 ) – Z N TA R G E T Maiden Drilling Program for Strategic Alliance For personal use only • 4 holes / 3100m of diamond drilling to commence early August • Target: Large scale sediment hosted Zn deposit similar to Mt Isa region 7
Slide 8: Jimberlana (SA Project) – Ni Target
JIMBERLANA (SA Project)- For personal use only N I TA R G E T • Jimberlana Dyke - large (200km long) highly fertile (Ni) mafic intrusion • Priority trap sites (Ni-Cu) cover westernmost 20km strike – dyke floor < 700m • HPEM surveys extended following encouraging results from initial survey. 8
Slide 9: Jimberlana – The First EM Target
J I M B E R L A N A – T H E F I R S T E M TA R G E T For personal use only Detail MLTEM Survey FLTEM Survey • Strike parallel MLEM (300m) identifies first potential drill target at Jimberlana • Detailed infill surveys confirm high conductance (>3000 siemens) targets • Expanded EM survey to assist pl
Slide 10: Fraser Range (SA Projects) – Ni-Cu
FRASER RANGE (SA Projects) – NI-CU For personal use only 60km Nova-Bollinger • EM Targets identified at Balladonia • Recce HPEM 30% complete 10
Slide 11: Peru Projects – Elephant Country
PERU PROJECTS – ELEPHANT COUNTRY For personal use only 11 11
Slide 12: Chololo (SA Project) – Regional Setting
CHOLOLO (SA Project) – Regional Setting For personal use only ? El Yarral Porphyry El Yarral Porphyry 366m @ 0.11%Cu 366m @ 0.11%Cu 472m @ 0.11%Cu 472m @ 0.11%Cu • Geology & magnetics highlight potential for Porphyry Cu north of El Yarral • Chololo Fault provides structural control for porphyry empl
Slide 13: Chololo Geology and Sampling
CHOLOLO GEOLOGY AND SAMPLING For personal use only • Sampling at surface locates anomalous metals in veins (Ca) above target area 13
Slide 14: Chololo – New Porphyry Cu Discovery?
CHOLOLO - NEW PORPHYRY CU DISCOVERY? For personal use only Line 1600N Line 1200N • Strong IP responses locate Priority Targets for Drilling • First target in Peru proposed for drilling under the SAA
Slide 15: Cerro de Fierro (SA Project) – IOCG?
CERRO DE FIERRO (SA Project) – IOCG? For personal use only • Close to Marcona (Fe), Mina Justa, Pampa de Pongo (Cu-Au) and Los Chapitos (recent report -106m @ 1.3%Cu) • Magnetic target identified from Company’s proprietary airborne data • Extensive Cu oxides and regional scale potassic alteration co
Slide 16: Los Otros (SA Project) – Porphyry Cu?
LOS OTROS (SA PROJECT) –PORPHYRY CU? For personal use only • Close to major Porphyry Copper Deposits - Toquepala, Quellaveco, and Cuajone • Magnetic targets identified from Company’s proprietary airborne data • Mapping & sampling locates anomalous geochemistry associated with argillic alteration mar
Slide 17: 12 Month Plan - Alliance Projects
12 MONTH PLAN - ALLIANCE PROJECTS For personal use only Projects Jun July Aug Sep Oct Nov Dec Jan Feb Mar Apr May BlueBilly JV Zn - WA JV Drilling ✓ JV Drilling ? Jimberlana (SAA) Ni –WA EM ✓ Drilling ? Balladonia (SAA) EM ✓ Drilling ? Ni – WA Chololo (SAA) IP ✓ Drill Permitting ✓ Drilling Cu – Peru
Slide 18: Project Generation - AusQuest
P R O J E C T G E N E R AT I O N - A U S Q U E S T For personal use only • Target: Tier 1 opportunities • Australia & Peru – for now • Core team in place – highly motivated AIM: 3 projects p.a. accepted by South32 for Bonus payment to AQD (US$500K) South32 funds projects (>US$250K each) Opportunity
Slide 19: 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 19