Ausquest Limited · ASX:AQD
Ausquest — Investor Presentation (February 2012)
20 slides from Ausquest's investor presentation, Feb 13, 2012
Slide 1: Managing Director Presentation
For personal use only Managing Director Presentation February 2012
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
Page 1 Capital Structure For personal use only • Listed securities 228m • Unlisted Options 7M staff Options • Major shareholders Cliffs 30%, Passport Capital 6.5%, Hamersley 4.6%, C Ellis 4.7% • Cash Position $8.1M (Jan 2012) • 2012 Budget $5.0M
Slide 4: Company Position
Company Position Page 2 For personal use only • Strong cash position - $8M • Gold in Burkina Faso – 100% - Drilling February • Dundas and Stanley – promising signs • Key strategic alliance with Cliffs - Peru Initiative • Project generation - lifeblood of company
Slide 5: West Africa Update
West Africa Update Page 3 For personal use only • Additional percentage - 100% of Comoe Project • Additional Title - 920km² in the Banfora Greenstone Belt • Additional Targets – untested gold-soil anomalies • RAB drilling (15,000m) planned to start - February 2012 • Focus on structural gold targets
Slide 6: Comoe Project – Excellent Gold Potential
Comoe Project – Excellent Gold Potential Page 4 For personal use only • 920km² of Title in Banfora Greenstone Belt • Major gold deposits in nearby G/S Belts • Numerous artisanal workings • Extensive gold-soil anomalies • Prospective shear zones identified • Gold-Silver VMS system discovered at Phaco
Slide 7: Phaco Hill Opportunity
Phaco Hill Opportunity Page 5 For personal use only Section 1 Section 1 Section 2 Section 2
Slide 8: Komoe Gold Targets (2012)
Komoe Gold Targets (2012) Page 6 For personal use only • Numerous gold prospects within Komoe tenement include: • Strike Extensions of Phaco • Gold bearing sulphides at Sangigee • 100ppb Au anomaly (>1km) at Cisaillee along structure • Large gold soil anomaly at Grano • Gold soil anomalies in prospe
Slide 9: Comoe – New Gold Targets (2012)
Comoe – New Gold Targets (2012) Page 7 For personal use only Extensive gold-soil prospects within northern tenements New gold-soil targets (>100ppb Au) identified at to be tested by RAB &/or Auger in first half 2012 Tondoura - sub-parallel to regional structures
Slide 10: Australian Update
Australian Update Page 8 For personal use only • More focus on fewer projects. • Drilling highlights base metal and gold potential at Dundas • EM identifies priority drill target - 2nd Quarter 2012. • Widespread Mn within Stanley Project (~4700km²). • Geophysical surveys locate targets for drilling
Slide 11: AusQuest Australian Projects
AusQuest Australian Projects Page 9 For personal use only Stanley Mn Teriwa Cu-Au Earoo Ni Finke Cu-Au Dundas Au Active Projects Active projects
Slide 12: Dundas Gold & Base Metal Project
Dundas Gold & Base Metal Project Page 10 For personal use only • Dundas located 200km SW Tropicana (+5Moz Au) • Numerous Au & Cu anomalies outlined at surface • Au & Cu, Zn, Ag targets defined by RAB drilling • Anomalous Cu, Pb, Zn, Ag & Au located over ~30m by RC drilling • Sulphide target identifi
Slide 13: Dundas Gold & Base Metal Drill Target
Dundas Gold & Base Metal Drill Target Page 11 For personal use only
Slide 14: Stanley Manganese Project
Stanley Manganese Project Page 12 For personal use only • Large scale project • 4700km² of title in the Earaheedy Basin • Mn widespread & at various stratigraphic levels • Thick low grade Mn in wide spaced drilling • Structural controls believed important to locate high grades • VTEM and gravity to
Slide 15: Niminga and Dome Mn Prospects
Niminga and Dome Mn Prospects Page 13 For personal use only • Early drilling offset from geophysical target • Gravity highs due to carbonate +/- Mn? • VTEM anomalies suggest possible clay alteration (+/-Mn?) along faults • RC drilling scheduled for 2nd Quarter 2012
Slide 16: Peru Initiative
Peru Initiative Page 14 For personal use only • Highly prospective for IOCG and Porphyry Cu deposits • Under-explored compared to Chile - world’s largest Cu producer • JV with Cliffs helps fund early stage exploration • Both parties commit US$1.0M (minimum) • JV focus on coastal belt (south Peru) wh
Slide 17: Peru Joint Venture
Peru Joint Venture Page 15 For personal use only • JV area ~ 45,000km² along southern Peru coastal belt • Proprietary Aeromagnetic survey identifies potential IOCG targets • Tenement applications submitted over 13 areas (~1000km²) • Initial field recce starts February to prioritise targets
Slide 18: Peru IOCG Target Examples
Peru IOCG Target Examples Page 16 For personal use only • Magnetics over potential IOCG targets selected for acquisition • Minimum Target size – 1km²
Slide 19: New Opportunities
New Opportunities Page 17 For personal use only • Continue with project generation work • Focus on new drill-ready opportunities • New gold and base metal properties being evaluated in West Africa & Australia • Opportunities in Peru to increase with local presence • Maximise value of Strategic Allia
Slide 20: Activity Table – Drilling FH2012
Activity Table – Drilling FH2012 Page 18 For personal use only Jan Feb Mar April May June Comoe RAB Drilling Assays Auger Drilling Assays Dundas RC Drilling Assays