Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2020)
25 slides from Ausquest's shareholder meeting presentation, Nov 26, 2020
Slide 1: AGM November 2020 - MD Presentation
A USQ UEST L I M I T E D ( A S X : A Q D ) For personal use only Programme 1H 2021 3rd Stage Drilling at Hamilton - 1H 2021 (SAA) Drilling Fraser Range Targets – 1Q 2021 (SAA) Drilling Copper Projects Peru (SAA) – 1H 2021 Exploration Paterson Province (SAA / AQD) AGM November 2020 - MD Presentation
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 ASX Code Chris Ellis (NED) 23.01% AQD Directors (Incl C.E.) 26.19% Shares on Issue 677.3 million Altor Capital Management Pty Ltd 2.60% Options on Issue 127.0 million Asuper Pty Ltd 2.07% Top 20 (approx) 46
Slide 4: Hamilton – Copper Gold Project (SAA)
H A M I LTO N – C o p p e r G o l d P r o j e c t ( S A A ) Cannington Mine For personal use only ~100km north • Under cover but close to Cannington – strong incentive for discovery under SAA • Vectors to mineralisation identified –Eromanga drillingBasin getting Cover closer to the target • Strong c
Slide 5: Hamilton – Drill Alteration Footprint
H A M I LTO N – D r i l l A l t e r a t i o n F o o t p r i n t For personal use only 1km 1km • Large scale alteration footprint + anomalous Cu/Au highlight magnetic targets for drilling 5
Slide 6: Hamilton – Comparison with Ernest Henry
H A M I LTO N – C o m p a r i s o n w i t h E r n e s t H e n r y For personal use only Stage 3 Drill Program in 1H 2021 Priority Drill Target Priority Drill Ernest Henry Target 167MT@1.1% Cu 0.5gpt Au Not all magnetic anomalies are targets 66
Slide 7: Projects (WA) – Drill Summary 2020
PROJECTS (WA) – Drill Summary 2020 • RC drilling at Gunanya tests For personal use only magnetic targets for Cu-Au similar to Winu and Havieron - Assays pending • RC drilling at Tangadee confirms extensive Zn, Cu, Ag – hunt on for higher grades • Carbonatite intersected at Balladonia causes rethink
Slide 8: Gunanya – Within Paterson Province (WA)
G U N A N YA – W i t h i n P a t e r s o n P r o v i n c e ( WA ) For personal use only Cu-Au Cu Au Au-Cu U • Targeting large-scale copper - gold similar to recent discoveries at Winu & Havieron 8
Slide 9: Gunanya – Recce Drilling Magnetic Targets
G U N A N YA – R e c c e D r i l l i n g M a g n e t i c Ta r g e t s W Anomaly 1 E For personal use only Assays pending W Anomaly 2 E Assays pending W Anomaly 3 E Assays pending Initial drill test only intersected magnetic target at Anomaly 3 Magnetic Inversion Model Cross Sections 9
Slide 10: Gunanya – Drilling Operations
G U N A N YA – D r i l l i n g O p e r a t i o n s For personal use only RC drilling rig RC drill samples 10
Slide 11: Paterson – New Copper-Gold Projects
P AT E R S O N – N e w C o p p e r - G o l d P r o j e c t s For personal use only Telfer, Havieron, Winu 100 & 200km north New Opportunities: Madley and Runton both contain discrete untested magnetic targets similar to Winu / Havieron 0 100km • Targeting hydrothermal systems identified by magnetic
Slide 12: Paterson – Madley Copper-Gold Targets
P AT E R S O N – M a d l e y C o p p e r - G o l d Ta r g e t s For personal use only Madley 3 Madley 1 Priority targets Priority target • Detailed magnetics confirms targets close to inferred Madley Fault at depths of ~150m to 300m 12
Slide 13: Balladonia – Copper-Gold Drill Targets
B A L L A D O N I A – C o p p e r - G o l d D r i l l Ta r g e t s For personal use only Discrete high amplitude magnetic anomalies are priority targets for IOCG / BHT deposits Carbonatite found at Telegraph invokes comparisons with Eastern Succession (Mt Isa) which contains many Cu, Au, Ag, Pb & Zn
Slide 14: Tangadee Zinc - RC Drilling Results
TANGADEE ZINC - RC Drilling Results For personal use only • RC drilling confirms extensive metals but low grades – Regional implications still in play 14
Slide 15: New Ni-Cu Opportunities – Western Yilgarn
NEW Ni-Cu Opportunities – Western Yilgarn • Julimar Ni-Cu-PGE discovery For personal use only focuses attention on western Milly Milly margin of Yilgarn Weld Range • New title secured at Moora and Morrisey Eastern Morrisey north of Perth Goldfields Superterrane • Target - magnetic signatures Yilgarn
Slide 16: Moora & Morrisey – New Ni-Cu Targets
M O O R A & M O R R I S E Y – N e w N i - C u Ta r g e t s Moora Morrisey For personal use only 16
Slide 17: Peru Projects – Copper Country
PERU PROJECTS – Copper Country For personal use only • Significant drilling planned for 2021 • Stage 3 drill at Cerro de Fierro – Stage 1 Parcoy & Los Otros • Permit applications nearing completion (expect around end 2020) • Country open for exploration & drilling – in COVID safe manner 17
Slide 18: Cerro de Fierro – Drilling 2020-2021
CERRO DE FIERRO – Drilling 2020-2021 Section 619500E For personal use only • Significant Cu found at surface - 3rd Stage drilling to test shallow Cu targets in 2021 18
Slide 19: Cerro de Fierro – Section 619500E
CERRO DE FIERRO – Section 619500E For personal use only • Drilling planned 2021 to test Cu potential between high surface Cu values and drilled intersections – Cu occurs in andesitic volcanics (mantos) & in structures 19
Slide 20: Cerro de Fierro – Cu Oxide Outcrop
CERRO DE FIERRO – Cu Oxide Outcrop For personal use only Porphryitic Andesite with Copper oxides infilling amygdales Cryptic surface expression of copper mineralisation – easily missed! 20 20
Slide 21: CDF-East – New Manto & Porphyry Cu Targets
C D F - E A S T – N e w M a n t o & P o r p h y r y C u Ta r g e t s For personal use only • Surface sampling identifies new Cu-Mo targets over 15km strike, east of Cerro de Fierro 21
Slide 22: Parcoy – Copper in Known IOCG Belt
PARCOY – Copper in Known IOCG Belt For personal use only • Highly prospective region for IOCG deposits – close to Mina Justa (475Mt @0.68%Cu), & along strike (~6km) Los Chapitos (Camino Minerals – currently drilling) • Potassic alteration within volcanics, identified by Company’s airborne survey, hi
Slide 23: Parcoy – Stage Drilling in 1H 2021
PARCOY – Stage 1 Drilling in 1H 2021 For personal use only • Cu (+/- Au) defines manto-style targets within K-altered volcanics – drilling 1H 2021 23
Slide 24: Work Programme – Next Months
WORK PROGRAMME – NEXT 6 MONTHS Projects Dec Jan Feb Mar April May June For personal use only Hamilton (SAA) Heritage Clearance ✓ Drill Planning ✓ Diamond Drilling ✓ Cu-Au – QLD Gunanya (SAA) Assess Drill results ✓ Heritage Drilling? Cu-Au – WA Clearance ? Balladonia (SAA) Heritage Assess results ✓ A
Slide 25: Contact
C O N TA C T For personal use only A USQ UEST L I M I T E D Graeme Drew Managing Director 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au 25