Slide 1: Peru JVs - Diamond Drilling
For personal use only PERU JVs - DIAMOND DRILLING 4 Porphyry Cu Prospects drilled in 2016 COPPER Drilling underway (20,000m) Next 42 months - 60,000 metres (possible) GOLD POTENTIAL PORPHYRY CU CLUSTER FRASER RANGE (WA) – Prospects drilled 2016 NICKEL JIMBERLANA (WA) – Drill Targets 2016 GOLD BANFOR
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
C A P I TA L S T R U C T U R E AusQuest Limited Significant Shareholder For personal use only Chris Ellis (NED) 16.58% ASX Code AQD Directors (Incl C.E.) 22.3% Merrill Lynch (Aust) Nominees P/L 6.6% Shares on Issue 496.4 million Acorn Capital 5.5% Options on Issue 157.6 million Top 20 (approx) 48.3%
Slide 4: Massive Year for AusQuest in Peru
MASSIVE YEAR FOR AUSQUEST IN PERU For personal use only • Major diamond drilling programs underway (up to 20,000m over next 4 to 6 months) • Four large porphyry copper-gold targets tested (all prospects close to infra-structure) • Drilling funded by JV partner (est. A$5.0M) (Compania Minera Zahena S
Slide 5: Peru – Excellent Cu-Au Pedigree
PERU – EXCELLENT CU-AU PEDIGREE For personal use only • Giant Cu (Au) deposits • Major Cu producer • >U$3.5B Cu – in south Peru • Mine Expansions • Covered areas • Secure Mining Title 5
Slide 6: Peru – Project Locations
P E R U – P R O J E C T L O C AT I O N S For personal use only 6
Slide 7: Drilling Cu-Au Targets - Ilo JVs
D R I L L I N G C U - A U TA R G E T S - I L O J V s For personal use only • JV Drill program commenced (Puite) in May – 4 prospects to be drilled in 2016 • 60,000m drilling & US$7 million cash (est. value US$21M) earns 70% in both JVs • Excellent infrastructure - lower potential project capital and
Slide 8: Puite Porphyry Cu - Drill Targets
PUITE PO RPHRY CU - DRIL L TARG ETS For personal use only • Permits received for 9 diamond drill sites (minimum 4,500m) • Porphyry Cu targets defined by anomalous Cu, alteration & IP/magnetics 8
Slide 9: Colorada Porphyry Cu – Drill Targets
CO L O RADA PO RPHYRY CU – DRIL L TARG ETS For personal use only • Permits received for 9 diamond drill sites (minimum 5,000m) • Large Porphyry Cu targets defined by Cu, alteration & IP/magnetics 9
Slide 10: Cardonal JV – Porphyry Cu Targets
C A R D O N A L J V – P O R P H RY C U TA R G E T S CARDONAL PROSPECT • Permits for 19 drill sites at two For personal use only prospects expected end May • Large Porphyry Cu targets defined by Cu, alteration & IP/magnetics • Diamond drilling - minimum 3,000m Cardonal - 6,500m Ventana 2km VENTANA PR
Slide 11: Ventana Road-Cut – Cu Near Surface
V E N TA N A R O A D - C U T – C U N E A R S U R FA C E For personal use only ? Cu near surface ? 11 Enlargement 11
Slide 12: Peru Drilling Schedule
PERU DRILLING SCHEDULE For personal use only Joint Venture Prospect Drill (m) Permits Complete By Puite-Colorada Puite Yes Dec 28th -2016 10,000 Colorada Yes Dec 28th -2016 Cardonal Ventana Pending Oct 9th -2016 10,000 Cardonal Pending Oct 9th -2016 12
Slide 13: More Opportunities Undercover
MORE OPPORTUNITIES UNDERCOVER For personal use only • In southern Peru covered areas restrict exploration • More Cu deposits will be found under cover • Aeromagnetics can identify areas of interest – Porphyry Cu and IOCG • Recce mapping & sampling to prioritise prospects • Geology +/- geochemistry +
Slide 14: Peru – Regional Airborne Survey
PERU – REGIONAL AIRBORNE SURVEY For personal use only 14
Slide 15: Escondida Magnetic Signature
E S C O N D I D A M A G N E T I C S I G N AT U R E For personal use only • Escondida – very large Porphyry Cu deposit in Chile • Recognisable in aeromagnetic data (detailed) • Magnetic nodes reflect potassic alteration (magnetite) • Potassic alteration associated with Cu mineralisation • Discrete ma
Slide 16: New Cu-Au Targets in Peru
NEW 1 0 0 % CU-AU TARG ETS IN PERU For personal use only Target 1 Target 2 Target 3 • Magnetic targets similar to Escondida located in southern Peru using proprietary aeromagnetic data • All targets shown occur under cover – more prospects evident in the data • Targets held 100% by Questdor (wholly
Slide 17: Chololo – Porphyry Cu (100% AQD)
CHOLOLO – PORPHYRY CU (100%AQD) For personal use only • New Porphyry Cu prospect – No historic drilling – Anomalous Cu, Mo, Au, Bi • Lithocap implies proximity to preserved porphyry – DRILL READY TARGET 17
Slide 18: Cerro de Fierro – IOCG? (100% AQD)
CERRO DE FIERRO – IOCG? (100%AQD) For personal use only • Widespread Cu (+/-Au, Ag) – Regional scale alteration (K) evident in rock chemistry • Untested Magnetic target (~2km²) – Skarns support buried target – DRILL READY 18
Slide 19: Cerro de Fierro – Magnetic Target
CERRO DE FIERRO – MAG NETIC TARG ET 2D Magnetic Model – Section 619200E For personal use only Au Cu Bi 2100m 1900m 1700m 2km • Significant tonnage potential implied by magnetic models (>2km² x >100m) • Target depths range from 50m - 200m - but target not exposed at surface • Anomalous Cu, Au, Bi coi
Slide 20: Next Six Months
NEXT SIX MONTHS For personal use only • Drilling Puite Prospect – 4500m • Drilling Colorada Prospect – 5000m • Drilling Ventana Prospect – 6500m • Drilling Cardonal Prospect – 3000m • New Joint Ventures – possible • More drill-ready prospects – likely • A stronger copper price – possible 20
Slide 21: Contact
C O N TA C T For personal use only Graeme Drew Managing Director 8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Em ail: graeme@ausquest.com.au www.ausquest.com.au 21