Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2009)
27 slides from Ausquest's shareholder meeting presentation, Nov 18, 2009
Slide 1: AusQuest Annual General Meeting
For personal use only AusQuest Annual General Meeting November 2009 Managing Director 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
Capital Structure For personal use only • Listed securities 227m • Listed Options 104m (20c end November 2009) • Unlisted Options 56m (incl 48m options to Cliffs @ 40c in May 2011, & 8m staff options) • Major shareholders Cliffs 30%, Passport Capital 6.5%, Hamersley 4.6%, C Ellis 4.7% • Cash Positio
Slide 4: Summary Exploration Progress
Summary Exploration Progress • Table Hill - Large areas prospective for shallow For personal use only manganese outlined using 2009 drill results. • Manganese potential within the upper portions of the Frere Iron Formation recognised at Stanley • Manganese potential along structures at Wolfe? • Dril
Slide 5: AusQuest Projects
AusQuest Projects For personal use only Wolfe WolfeMn Mn Rocklea RockleaFe Fe Plenty PlentyRiver RiverCu, Cu,NiNi Table TableHill HillMn, Mn,NiNi Stanley StanleyMn Diamantina Mn DiamantinaCu-Au Cu-Au Dundas DundasAu Au Large tenement holdings across Australia
Slide 6: Table Hill – Stratigraphic Control on Mn
Table Hill – Stratigraphic Control on Mn For personal use only GEOTEM Conductivity Sections provide window into basin stratigraphy. The Boondawarri and Spearhole sandstones are conductive and produce stratigraphic marker horizons in GEOTEM data. Manganese occurs ~300 metres above Target Variable Str
Slide 7: Table Hill – Regional Summary
Table Hill – Regional Summary For personal use only 0 50km GEOTEM Image Ch 20
Slide 8: Table Hill – MN1 Manganese Corridor
Table Hill – MN1 Manganese Corridor For personal use only Clay alteration 1.9m @ 7.8%Mn, 23.2%Fe 4m @ 47.5%Mn New Targets GEOTEM Channel 20
Slide 9: Table Hill – Target Stratigraphy MN5-MN6
Table Hill – Target Stratigraphy MN5-MN6 For personal use only Manganese target areas outlined for bedrock sampling MN5 MN6
Slide 10: Table Hill – Stratigraphic Manganese Target
Table Hill – Stratigraphic Manganese Target Section A-B For personal use only Mn Target 0 jini 200 Mundad le 400 Spearho 0 2km Section C-D MN6 Drill-hole jini Mundad le Spearho Conductivity Depth Sections from GEOTEM data
Slide 11: Table Hill Manganese – 2010 program
Table Hill Manganese – 2010 program For personal use only • Critical Year for the Table Hill Project • Manganese exploration to focus within MN1 corridor and areas with favourable stratigraphy • Complete stratigraphic interpretation of regional GEOTEM data to outline key target areas • Bedrock geoch
Slide 12: Wolfe Manganese Project – Drill Summary
Wolfe Manganese Project – Drill Summary For personal use only Ruby Plains Prospect Ruby Plains Prospect Tenement Granted Application
Slide 13: Wolfe Manganese - 2010 Program
Wolfe Manganese - 2010 Program For personal use only • Compile and assess 2009 drill results from Ruby Plains prospect • Early results suggest manganese potential associated with cross cutting structures • Identify and sample prospective structural dislocations of ERD-MKS contact ahead of further dr
Slide 14: Stanley Manganese Project
Stanley Manganese Project Recce Soils confirm Mn anomaly For personal use only Mn Outcrop 55%Mn (Niton)
Slide 15: Stanley Manganese outcrop
Stanley Manganese outcrop For personal use only 55%Mn (Niton)
Slide 16: Stanley – GEOTEM Manganese Targets
Stanley – GEOTEM Manganese Targets For personal use only Frere Iron Formation Windida Carbonate Member WRC35 Potential Mn Targe t 20m at 3.8% Mn Flight Line 3 – EM Section Windida Carbonate Member Potential Mn Targe t Flight Line 4 – EM Section
Slide 17: Stanley - 2010 Program
Stanley - 2010 Program For personal use only • Infill mapping and surface sampling in areas of anomalous Mn response. • Regional mapping and prospecting of prospective Mn stratigraphy • Reconnaissance drilling down dip from high grade surface manganese occurrence(s) • Drill test conductive stratigra
Slide 18: Plenty River – Cu, Ni, Zn Prospects
Plenty River – Cu, Ni, Zn Prospects For personal use only
Slide 19: Plenty River – Caroline Prospect Area
Plenty River – Caroline Prospect Area For personal use only Sulphide bearing sediments inferred from magnetics
Slide 20: Caroline Prospect - Core photos
Caroline Prospect - Core photos For personal use only Sphalerite (ZnS) disseminated through core Chalcopyrite in Veins Laminated sulphide bearing sediments
Slide 21: Plenty River – White Gums Prospect Area
Plenty River – White Gums Prospect Area For personal use only Sulphide bearing sediments inferred from magnetics ?
Slide 22: White Gums Prospect - Core photos
White Gums Prospect - Core photos For personal use only Sulphide veinlets & disseminations Galena in Veins Galena in Veins
Slide 23: Plenty River – 2010 Program
Plenty River – 2010 Program For personal use only • Early drill results suggest potential for new base metal province at Plenty River • Magnetic data implies sulphide rich (FeS) sediments could be wide spread throughout the region • Exploration for sediment hosted Zn & Cu to target sulphidic sedimen
Slide 24: Diamantina - Potential IOCG Target
Diamantina - Potential IOCG Target Toomba Fault For personal use only Machattie Mulligan Machattie Drill- Drill-hole IP Target •IP data infers large sulphide target Major Structure below Cretaceous sediments at contact of Machattie IOCG system •Competitor results report Cu along Diamantina Hinge Zon
Slide 25: Dundas Gold Project - 2010
Dundas Gold Project - 2010 For personal use only Proterozoic - Archaean boundary – Gold target •Complete calcrete sampling - 2009 •Bedrock drill gold targets - 2010
Slide 26: Rocklea CID Resource (2009)
Rocklea CID Resource (2009) For personal use only * * •Inferred Resource includes higher grades - 28.2Mt @ 55.6%Fe, 6.0%SiO2, 2.3%Al2O3, 11.3%LOI •Potential strike extensions should increase resource base •Realise value for shareholders * Resources as reported to the ASX on August 13, 2008.
Slide 27: AusQuest in 2010
AusQuest in 2010 For personal use only • Focus will be retained on Provincial scale opportunities • Exploration to concentrate on Company’s Provincial scale manganese (3) and base metal (2) projects • Critical year for both the Table Hill and Wolfe projects • Looking at gold opportunities on and off