Slide 1: RRS MD Presentation September 2024
A USQ UEST L I M I T E D ( A S X : A Q D ) Our Focus - Scalable Base & Other Metal Projects Our Geography - Australia & Peru Our Approach - Drill Early – Target Rigor Our Value Dynamic - $$s in the Ground >> $s Raised Our Point of Difference - Strategic Partner (Aust) – South32 RRS MD Presentation
Slide 2: Disclaimers
DISCLAIMERS 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 based on specific ass
Slide 3: Strategic Alliance Agreement
Strategic Alliance Agreement • SAA with South32 since 2017 - (8 yrs) • South32 have exclusive rights to AQD Projects • South32 provide funding for selected Projects + 15% Fee • US$4.5M spend on each project earns 70% equity • AQD manages all programs (drilling) during earn-in • AQD retains 100% of P
Slide 4: Projects in Australia
P ROJECTS IN AUSTRALIA Projects - SAA Projects - AQD Four Projects under the SAA • Balladonia – An unexplored Broken Hill Terrane - EM / gravity defines multiple drill targets • Morrisey – Potential magnetite resource at Waterfall – multiple mag/gravity targets to test • Moora – Drilling planned in
Slide 5: Balladonia – An Unexplored Broken Hill Type Terrane
B ALLADONIA – AN UNEXPLORED BROKEN HILL TYPE TERRANE • Broken Hill Type (BHT) Terranes are hard to find but contain mega Pb-Zn-Ag deposits world-wide When you find one, explore it! ✓ • Balladonia contains rocks similar to those found at Broken Hill and in the Mt Isa – Cloncurry District (NW Queensla
Slide 6: Balladonia – Multiple Drill Targets for Base Metals
B ALLADONIA – MULTIPLE DRILL TARGETS FOR BASE METALS • Regional drilling intersected prospective BHT host rocks – including garnet quartzites • Alteration (K, Mn) chemistry implies proximity to base metal mineralisation • BHT terrane infers potential for large scale Pb-Zn-Ag & Cu- Au (IOCG) resource
Slide 7: Morrisey Magnetite Project – Why It Matters
M ORRISEY MAGNETITE PROJECT – WHY IT MATTERS • In Midwest Mining District (WA) • Good road access – rail from Mullewa to Geraldton Port (~100km) • Regional drilling identified potential for coarse grained magnetite at multiple locations • Beneficiation tests on initial drill-holes produced a premium
Slide 8: Waterfall Prospect – Encouraging Drill Results
WATERFALL PROSPECT – ENCOURAGING DRILL RESULTS RTP Magnetics & Gravity Contours • RC drilling (15 holes / 3060m) intersected magnetite (10m to 116m thick) on each section MYRC001 • Average Fe contents range from ~24% Fe to 32% Fe • Magnetite is coarse grained (up to 2mm) within metamorphosed BIF • D
Slide 9: Southern Peru Projects – Copper Country
S OUTHERN PERU PROJECTS – COPPER COUNTRY • Established Mining Jurisdiction • New mines being developed &/or approved in southern Peru • Coastal Belt benefits - good infra- structure (incl. water) - lower costs • Multiple Porphyry Cu & IOCG targets identified within AQD projects • Three large scale t
Slide 10: Cangallo – Porphyry Copper Target Ready for Drilling
C ANGALLO – PORPHYRY COPPER TARGET READY FOR DRILLING • Large scale Porphyry Cu target (~3km x 2km) • Close to infra-structure 10km to coast - 1200mRL • Mineralised porphyry(s) implied by anomalous surface assays (>0.1% Cu, >10ppm Mo, +/- Au) High Priority High Priority • Cu occurs in multi-veined p
Slide 11: Lantana – Porphyry Copper Target Ready for Drilling
L ANTANA – PORPHYRY COPPER TARGET READY FOR DRILLING • Large scale Porphyry Cu target (~ 2km x 1km) 1.07 3.34 = % Cu • Strongly mineralised 1.56 3.34 porphyry(s) inferred by 5.68 0.85 high grade surface Cu 0.84 1.20 1.75 1.09 (>1.0% Cu) • Outcropping Lithocap (AAA) implies preserved 0.60 porphyry cl
Slide 12: Playa Kali – Copper (Gold) Targets Ready for Drilling
P LAYA KALI – COPPER (GOLD) TARGETS READY FOR DRILLING • Copper bearing mantos (Fe) (0.14% to 1.96% Cu) located SE of Mina Justa Cu deposit • Multiple Cu targets defined by magnetics within E-W structural corridor • Magnetic (manto) targets occur within volcanics - (same as at Mina Justa) • Good inf
Slide 13: Playa Kali – Copper Evident in Manto Outcrops
P LAYA KALI – COPPER EVIDENT IN MANTO OUTCROPS Rock Assay Cu 1.96% Cu Cu 3.63gpt Au Manto (Fe) Magnetite replaced Cu Outcrop by pyrite + Cu Cu • Manto outcrops showing Fe (+Cu) sulphides replacing magnetite – a mineralising system at work 13
Slide 14: AusQuest – Exploration Plans (6 Months)
A USQUEST – EXPLORATION PLANS (6 MONTHS) Projects Aug Sept Oct Nov Dec Jan Feb Balladonia (SAA) Gravity & EM Access Clearance Target Drilling Ni-Cu-Pb-Zn-Ag – WA Drill Target Definition Morrisey (SAA) DTR Test Results Planning & Access Target Drilling Mt, Ni-Cu-PGE – WA Moora (SAA) Planning & Access
Slide 15: AusQuest Capital Structure
A U S Q U E S T C A P I TA L S T R U C T U R E AusQuest Limited Significant Shareholder Chris Ellis (NED) 21.20% ASX Code AQD Directors (Incl C.E.) 23.84% Shares on Issue 825.1 million Citicorp Nominees 4.96% Asuper Pty Ltd 1.94% Options on Issue (listed) Nil Greg Hancock BA Econs., BEd Hons., F.Fin
Slide 16: Contact
C O N TA C T A USQ UEST L I M I T E D Graeme Drew Managing Director Register here for AusQuest’s InvestorHub 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au AUSQUEST_LTD AUSQUEST_LIMITED 16