Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2010)
23 slides from Ausquest's shareholder meeting presentation, Nov 26, 2010
Slide 1: AusQuest Annual General Meeting
For personal use only AUSQUEST ANNUAL GENERAL MEETING 26th November 2010 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 228m • 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 Position A$16.5M (Oct 2010)
Slide 4: West Africa Exploration Update
West Africa Exploration Update For personal use only • RC drilling in the Komoe area restarted in November • 15,000m of RC drilling & 3000m diamond drilling planned • High grade gold (8m @ 7.7g/tAu) found with massive sulphides at Phaco Hill • VTEM suggests several targets over the 1000m strike leng
Slide 5: West Africa Project – Burkina Faso
West Africa Project – Burkina Faso For personal use only
Slide 6: Banfora Gold Prospects – Initial Results
Banfora Gold Prospects – Initial Results For personal use only •Eight prospects tested by initial RC drilling (47holes/ 5800m) •Many kms of gold anomalies still to be tested •Bedrock gold (>1g/tAu) confirmed at each site drilled Kangounadeni •Results highlight the Phaco Hill prospect and Komoe area
Slide 7: Komoe Gold Prospects – Priority Targets
Komoe Gold Prospects – Priority Targets For personal use only Baboro Baboro VTEM targets closely Key Structures associated associated with gold soil with gold soil anomalies anomalies evident in magnetic data Siniko West Siniko West Phaco Hill Phaco Hill Siniko Siniko East East
Slide 8: Phaco Hill - Drill Results – VMS System?
Phaco Hill - Drill Results – VMS System? For personal use only
Slide 9: Komoe – Cluster EM Targets – VMS Camp?
Komoe – Cluster EM Targets – VMS Camp? For personal use only • At least 6 EM targets located by VTEM survey • High grade gold (8m @ 7.7g/tAu) associated with Phaco Hill EM anomaly • Further sulphide bodies implied by VTEM results • Anomalous gold associated with several EM targets • Strong EM anomal
Slide 10: Siniko Gold Prospects
Siniko Gold Prospects For personal use only • Extensive surface gold anomalies >5km strike • Limited initial drilling reported several gold intersections • Magnetics defines NNE trending structures associated with gold prospects • Second round drilling to be guided by gold and structure • Cross cutt
Slide 11: Baboro Gold Prospect
Baboro Gold Prospect For personal use only • Extensive surface gold anomaly 2km x 1km in size • Limited drilling completed to date • Many narrow gold intercepts within broad (30m) low grade zones • Gold occurs within mafic host rock • Magnetics implies major intersection of NE and NW structures • Fo
Slide 12: West Africa – Estimated Drill Schedule
West Africa – Estimated Drill Schedule For personal use only Exploration Program Nov Dec Jan Feb Mar April RC Drilling: Phaco Hill (2000m) EM Targets (1000m) Siniko West (3600m) Siniko Central (750m) Baboro (3200m) Diamond Drilling: Phaco Hill (2500m) ? ? EM Targets?
Slide 13: Australia – Exploration Update
Australia – Exploration Update For personal use only • Thick (up to100m) stratiform manganese (2 to 5%Mn) intersected in wide spaced drilling at Stanley (WA) highlights prospectivity of the region • Mn target defined by sampling at Table Hill (WA). • 25km long zone with numerous Au and Cu anomalies
Slide 14: AusQuest Australian Projects
AusQuest Australian Projects For personal use only Rocklea RockleaFe Fe Plenty PlentyRiver RiverCu, Cu,NiNi Table TableHill HillMn Mn Stanley StanleyNiNi Diamantina DiamantinaCu-Au Cu-Au Dundas DundasAu Au Large tenement holdings across Australia
Slide 15: Stanley Manganese Project
Stanley Manganese Project For personal use only
Slide 16: Windida - Niminga Drilling Results
Windida - Niminga Drilling Results For personal use only •Thick intersections (up to 100m) of stratiform Mn (2 to 5%Mn) •Elevated Mn appears to be very extensive •Best grade – 13%Mn •Thickest – 99m @ 3%Mn •Mn hosted in fine calcareous sediments and carbonates •Mn Enrichment prevalent at surface •Fur
Slide 17: Table Hill Manganese Target
Table Hill Manganese Target For personal use only 1100 - 2800ppm Mn
Slide 18: Dundas Gold Project
Dundas Gold Project For personal use only •Similar terrain to Tropicana gold deposit •Calcrete sampling outlined Proterozoic - Archaean numerous gold & copper anomalies boundary – Gold target along a 25km long zone Kalgoorlie •Magnetics implies structural zones associated with gold anomalies •RAB dr
Slide 19: Dundas Drill Program
For personal use only Dundas Drill Program
Slide 20: Plenty River Base Metals – Drilling
Plenty River Base Metals – Drilling For personal use only • Caroline Prospect: Deep EM target not tested by previous drilling. EM target coincides with gravity response and is offset from magnetic anomaly. High Cu and Au occurs with increased sulphide content over narrow zones within hole PD3A. Dril
Slide 21: Savory Nickel - Drilling
Savory Nickel - Drilling For personal use only •Drill Target - Deep EM anomaly located near the base of a thick mafic sill within interpreted feeder system to Table Hill Volcanics •Diamond Drilling planned for 1H 2011
Slide 22: Australia – Est. Drill Schedule 1H 2011
Australia – Est. Drill Schedule 1H 2011 For personal use only Exploration Program Jan Feb Mar April May Jun RAB/AC Drilling: Dundas (15000m) Table Hill (2000m) RC Drilling: Stanley (3000m) Diamond Drilling: Plenty River (1300m) Savory (700m)
Slide 23: Business Development
Business Development For personal use only • Business Development Team is still active • Further gold opportunities being assessed in West Africa • Several opportunities under consideration in South America • Strategy remains to find Tier 1 resources in major commodities