Slide 1: Sydney Resources Round-up
For personal use only Sydney Resources Round-up 14 May 2013 ASX : ENR
Slide 2: Investment Summary
INVESTMENT SUMMARY For personal use only • Major land position in Proterozoic sedimentary basin (1400km2) • Surrounded by major mineral deposits (Au-Cu, Cu, U and Mn) • Greenfields copper discovery 11km long and growing Yeneena • Experienced team of former WMC Copper Project executives • Well funded
Slide 3: Corporate Information
CORPORATE INFORMATION Board For personal use only Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 125.8m Ordinary Shares Issued Capital 8.1m Employee Options Market Cap. A$28.9m
Slide 4: Antofagasta Farm-In
ANTOFAGASTA FARM-IN One of the world’s largest copper producers and explorers For personal use only Key terms: • Antofagasta may earn a 51% interest in tenements E45/2658 and E45/2805 (433km2) within the Yeneena project (approximately 30% of Encounter’s Yeneena land holding) by incurring expenditure
Slide 5: Antofagasta Farm-In Benefits
ANTOFAGASTA FARM-IN The Benefits: For personal use only • Significant endorsement of the large scale deposit potential by one of the world’s largest copper mining companies • Considerable financial, technical and operating resources to progress the exciting copper discoveries made by Encounter • Ens
Slide 6: Yeneena Project: Major land position amongst giant mineral deposits
YENEENA PROJECT Major land position amongst giant mineral deposits For personal use only
Slide 7: Yeneena Project: Sand cover has inhibited previous exploration
YENEENA PROJECT For personal use only Sand cover has inhibited previous exploration
Slide 8: BM1 - BM7 Prospects
BM1 - BM7 PROSPECTS Copper mineral system 11km long and growing For personal use only BM1 - coherent zone of near surface copper oxide mineralisation • 10m @ 6.8% Cu from 32m • 20m @ 2.0% Cu from 22m • 8m @ 3.6% Cu from 18m • 4m @ 5.5% Cu from 66m BM7 - New copper discovery 3km south of BM1 in 2012
Slide 9: Long Section BM1-BM7
LONG SECTION BM1-BM7 Shallow drilling defines major new Copper-Cobalt mineral system For personal use only Next Slide
Slide 10: BM7 Prospect
BM7 PROSPECT Extensive “End of Hole” Copper-Cobalt For personal use only • Aircore drilling new tenement Oct 2012: • 9m @ 1.5% Cu & 1.0% Co from 42m to EOH • 6m @ 0.4% Cu & 438ppm Co from 26m to EOH • 8m @ 0.5% Cu & 364ppm Co from 76m to EOH • 34m @ 0.4% Cu & 238ppm Co from 32m to EOH • 15m @ 0.5% C
Slide 11: BM7 – RC Drill Section
BM7 – RC DRILL SECTION For personal use only
Slide 12: Regional Targets - South
REGIONAL TARGETS - SOUTH VTEM Magnetics Untested targets south For personal use only of 11km system at BM8 • Coincident magnetic & EM anomaly • Large scale alteration anomaly • No previous exploration • Exploration funded BM8 Prospect BM8 Prospect through Antofagasta farm-in
Slide 13: Regional Targets - North
REGIONAL TARGETS - NORTH Untested targets north of BM1-BM7 For personal use only • Significant north-east trending structure that mirrors the BM1-BM7 copper system • Key structural targets identified • Shallow sand cover 100% ENR Previous Slide • Minimal previous exploration – a handful of RAB holes
Slide 14: Discovery Timeline
DISCOVERY TIMELINE For personal use only 2013 Objectives 2012 High grade copper Large scale, copper sulphides at BM7 2011 discovery at BM7 Regional copper Test targets south and Discovery of copper east of BM7 sulphides at BM1 targets defined 2010 New copper oxide Test Regional Targets Greenfields c
Slide 15: Sediment Hosted Copper
SEDIMENT HOSTED COPPER 25 For personal use only Central Africa Copper Deposits Paterson Mt Isa 20 Province Endowment Endowment MT Cu (pre mined resources) 170MT Copper 2.3MT Copper 15 Deposit style produces giant orebodies Is Nifty the giant of the Paterson? 10 5 *includes basement hosted deposits 0
Slide 16: Summary
SUMMARY Yeneena – Australia’s Next Great Copper District? For personal use only • Advanced stage copper exploration • Large scale system over 11km long and growing • High grade near surface intersections • First world mining jurisdiction • Major mining company funding through Antofagasta farm-in US$
Slide 17: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement For personal use only This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived fr