Slide 1: Company's 2021 Drilling Campaign
A USQ UEST L I M I T E D ( A S X : A Q D ) Company’s 2021 Drilling Campaign Round 3 Drilling at Cerro de Fierro Cu – New Zones Round 1 Drilling Parcoy Cu – in progress Round 3 Drilling at Hamilton Cu-Au – underway A/C Drilling Fraser Range Cu-Au – Results pending Target Definition Morrisey Ni-Cu-PGE
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: Capital Structure
C A P I TA L S T R U C T U R E AusQuest Limited Significant Shareholder ASX Code AQD Chris Ellis (NED) 21.25% Directors (Incl C.E.) 24.15% Shares on Issue 823.1 million Altor Capital Management Pty Ltd 3.63% Options on Issue 127.0 million Top 20 (approx) 43.00% Market Cap. (at 2.0cents) $ 16.5millio
Slide 4: Strategic Alliance – South32
S T R AT E G I C A L L I A N C E – S o u t h 3 2 • Agreement extended until end 2021 • South32 have exclusive right to AusQuest Projects • All funding provided for selected Projects • Work programs agreed with South32 • US$4.5M earns 70% equity per project • AusQuest manages programs (drilling) duri
Slide 5: Work Program – 6 Month Plan
WORK PROGRAM – 6 MONTH PLAN Projects April May June July August Sept Oct Hamilton (SAA) Drill Prep ✓ Diamond Drilling ✓ Assess results - Planning ✓ Cu-Au – QLD Balladonia (SAA) Drill Prep ✓ Aircore Drilling ✓ Assess results - Planning ✓ Cu-Pb-Zn-Ag – WA Morrisey (SAA) Access✓ HEM Surveys ✓ Target Fo
Slide 6: Peru Projects – Copper Country
PERU PROJECTS – Copper Country • Significant drilling to be completed in 2021 • Stage 3 drill at Cerro de Fierro – Stage 1 Parcoy & Los Otros • Drill Permits for Los Otros pending • Country open for exploration & drilling – in COVID safe manner 6
Slide 7: Cerro de Fierro – Drilling Results 2021
CERRO DE FIERRO – Drilling Results 2021 • Extensive shallow Cu (Ag) and potential Porphyry Cu inferred from 2021 drilling 7
Slide 8: Cerro de Fierro – Shallow Cu Oxides
CERRO DE FIERRO – Shallow Cu Oxides • Clear relationship between copper and topography • Extensive shallow dipping Cu Oxides inferred from surface sampling and RC drilling
Slide 9: Cerro de Fierro – Shallow Cu Oxides
CERRO DE FIERRO – Shallow Cu Oxides • Potential Exploration A B Target area >1.0km² • 5 of 15 holes provided CuO potential • CuO thicknesses vary from ~20m to 30m • Average grades range from 0.13% to 0.57% Cu & 1.0 to 9.0g/t Ag • More drilling required to C D confirm grade & continuity • Extensive s
Slide 10: Cerro de Fierro – Porphyry Cu Potential
CERRO DE FIERRO – Porphyry Cu Potential F • Thick zones of advanced argillic alteration (AAA) imply proximity to porphyry • Anomalous pathfinder elements (Mo, W, Te, Bi) within AAA support interpretation • Copper sulphides (0.1% to 0.8%Cu over narrow thickness ~26m) in CDFRC15 suggest edge of system
Slide 11: Parcoy – Copper in Known IOCG Belt
PARCOY – Copper in Known IOCG Belt • Highly prospective region for IOCG deposits – Mina Justa (475Mt @0.68%Cu) 100km north • Drilling at Los Chapitos (Camino Minerals) 6km to SE, intersects Cu bearing structure(s) • Potassic alteration within volcanics at Parcoy implies copper-gold manto-style miner
Slide 12: Parcoy – Stage 1 Drilling - May 2021
PARCOY – Stage 1 Drilling - May 2021 • Drilling ~3000m RC to test Cu (+/- Au) manto targets within K-altered volcanics 12
Slide 13: Hamilton – Cu-Au Project in NW QLD
H A M I LTO N – C U - A U P r o j e c t i n N W Q L D Cannington Mine ~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 collaboration with local S32
Slide 14: 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 Stage 3 Drill Program in 1H 2021 ~2000m Diamond drilling Ernest Henry 167MT@1.1% Cu 0.5gpt Au • Large scale alteration footprint + anomalous Cu/Au highlight magnetic targets for drilling 14 14
Slide 15: Projects (WA) – Planned Programs 2021
PROJECTS (WA) – Planned Programs 2021 • Aircore drilling at Balladonia (Fraser Range) testing Cu-Au targets defined by magnetics – Assays pending • Morrisey Ni-Cu-PGE Project accepted as New Opportunity under the SAA. Similar setting to Julimar discovery by Chalice. HEM surveys planned in June to id
Slide 16: Contact
C O N TA C T 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 16