Slide 1: ASX Announcement: Investor Presentation
ASX Announcement 24 May 2021 Investor Presentation For personal use only The directors of Encounter Resources Ltd (“Encounter” / “the Company”) are pleased to advise that the Company has today released an updated Investor Presentation. A copy of the presentation is appended to this announcement and
Slide 2: Investor Update May 2021: Copper and gold in Australia
For personal use only Investor Update May 2021 Copper and gold in Australia Collaborating with high quality partners to make new discoveries ASX: ENR
Slide 3: Disclaimer and compliance statement
Disclaimer and compliance statement 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 For personal use only information in this document has been derived
Slide 4: Project generator model
PROJECT GENERATOR MODEL Progress project pipeline with a mix of alliances, joint ventures For personal use only and sole funding The TIER 1 TARGETS Project generation and exploration targeting major gold and base Encounter metal discoveries in world-class mineral belts business HIGH QUALITY PARTNERS
Slide 5: Encounter at a glance
Creating value through project generation and discovery Encounter at a glance For personal use only Capital structure Share price – 12 months ASX ticker ENR $0.35 4,000,000 Share price (21/05/2021) $0.18 $0.30 3,500,000 Shares on issue 314M 3,000,000 $0.25 Options 18M 2,500,000 $0.20 Market capitali
Slide 6: A premier copper and gold exploration portfolio
A premier copper and gold exploration portfolio Early mover positions in world-class minerals belts attracting world-class partners For personal use only Paterson Province - WA Paterson Province Gold-Copper ▪ Lamil Copper-Gold (ENR 100%) Tanami Drill ready gold targets ▪ Yeneena Copper-Cobalt (IGO $
Slide 7: Global Copper Demand
Global Copper Demand For personal use only 6 (Copper Development Assoc. Inc. 2019)
Slide 8: Major Proterozoic basins of Australia
Major Proterozoic basins of Australia ▪ Central Australia contains two of the For personal use only Centralian Superbasin largest Proterozoic sedimentary basins in the world ▪ Known regions for large scale, sediment hosted base metal mineralisation ▪ Significant deposits including Mt Isa, Century, M
Slide 9: Northern Territory: the next hot spot for copper in Australia
For personal use only Northern Territory The next hot spot for copper in Australia Elliott – Standout copper in groundwater anomaly Earn in First mover camp scale copper projects ENR 100% 8
Slide 10: Sedimentary deposits are one of the world's fastest growing sources of high grade copper
Sedimentary deposits are one of the world’s fastest growing sources of high grade copper For personal use only Sediment-hosted copper: the mineral system (Hitzman et al., 2010) Example of sediment-hosted copper deposit – Ivanhoe Mines Kamoa/Kakula 1 Indicated Mineral Resource (at 1% total copper cut
Slide 11: Sediment-hosted copper: key ingredients
Sediment-hosted copper: key ingredients For personal use only EXPLORING DISCOVERY ELEMENTS NT SCORECARD FOR THE FUTURE DATA Source rocks Size of sedimentary basin and sub-basin ✓ EXPLORATION FOCUS Brines Bitten brines vs evaporites or both? ✓ Grabens form a natural containment for dense Gravity, Sea
Slide 12: Northern Territory: the next hot spot for copper in Australia
Northern Territory: the next hot spot for copper in Australia ▪ Highly prospective, vastly underexplored For personal use only region under shallow cover ▪ Located between the major copper-gold producing districts of Mt Isa and Tennant Creek ▪ Transformational investment in pre-competitive data by G
Slide 13: Elliott Copper Project
Elliott Copper Project For personal use only ▪ BHP (ASX:BHP) has exercised an option to enter into an earn-in and joint venture agreement covering the 4,500km2 Elliott Copper Project ▪ BHP may earn up to a 75% interest in Elliott by spending up to $22 million over 10 years ▪ Validates Encounter’s NT
Slide 14: NTGS Core Library – Darwin
For personal use only NTGS Core Library – Darwin 13 13
Slide 15: Jessica and Carrara: copper near surface and at depth
Jessica and Carrara: copper near surface and at depth For personal use only Copper Carbonate (Malachite) 0-3m from RN28419 – chemical assay 1.5% Cu 1 Chalcopyrite contained in a calcareous shale unit within NDI Carrara1 ~1,617m 4 Crosswinds Copper Prospect - Malachite (copper Drill hole NDIBK04 pyri
Slide 16: Carrara: prospective basin architecture
Carrara: prospective basin architecture For personal use only Correlation of prospective stratigraphic units from the Isa Super Basin into the Carrara Sub-basin indicates the Mount Isa Province extends to the west Carrara Chalcopyrite (Cu sulphide) contained in a calcareous shale unit Carrara Sphale
Slide 17: Paterson Province – WA: Australia's hottest copper address
For personal use only Paterson Province – WA Australia’s hottest copper address Lamil – 5km long Cu-Au system ENR 100% Yeneena – Copper/cobalt targets Earn-in
Slide 18: Lamil: copper-gold over 1km long
Lamil: copper-gold over 1km long ▪ 100% ENR – located 25km NW of Telfer For personal use only ▪ Ten hole RC drill program (2,077m) completed at the Dune Prospect in February 2021 ▪ Assay results from three of the ten broad- spaced drill holes received and include: — 132m @ 0.31g/t Au and 0.11% Cu fr
Slide 19: Yeneena Copper-Cobalt
Yeneena Copper-Cobalt ▪ Paterson Province is a proven mineral region with a For personal use only consistent history of discoveries ▪ ~1,600km² of the Paterson Province ▪ IGO can sole fund $15 million in exploration expenditure over a maximum seven years to earn a 70% interest ▪ Up to 1,900m of diam
Slide 20: Tanami/West Arunta – WA: Belt Scale Opportunities
For personal use only Tanami/West Arunta – WA Belt Scale Opportunities Tanami – Major gold portfolio ENR 100% Aileron – IOCG-style Cu-Au-REE project ENR 100% 19
Slide 21: Tanami: a major, drill ready gold exploration portfolio
Tanami: a major, drill ready gold exploration portfolio ▪ Belt scale gold project in WA For personal use only ▪ 100km of strike along the major structural corridor interpreted to be the key controlling structure for gold mineralisation in the Tanami ▪ Material new near mine gold discoveries at Newmo
Slide 22: Tanami: priority prospects for follow up in 2021
Tanami: priority prospects for follow up in 2021 ▪ Mojave Prospect (EIS Co Funding) For personal use only — +7km long gold-arsenic anomaly that includes thick mineralised drill intersections Mojave strengthening at bottom of hole — EIS co-funded drilling ($150,000) ▪ Bandicoot and Quenda Prospects —
Slide 23: West Arunta: IOCG targets in a new region
West Arunta: IOCG targets in a new region ▪ 1,300km² West Arunta province of WA For personal use only ▪ First diamond drill hole to a depth of 158m (EAL001) intersected hydrothermal hematite-altered mafic intrusions and granite with a distinctive IOCG geochemical signature ▪ Metal anomalism is assoc
Slide 24: Upcoming exploration activity
Upcoming exploration activity For personal use only MAY JUN JUL AUG SEP OCT NOV Paterson Copper-Gold EIS diamond drilling (100% ENR) Copper Projects NT Gravity survey Aircore drilling (100% ENR) (Jessica / Carrara) (Jessica) Paterson Province Diamond drilling Aircore drilling Copper-Cobalt Elliott C
Slide 25: Foundations established for major exploration drive
Foundations established for major exploration drive For personal use only EXPLORATION EXPENDITURE NEXT MILESTONE Total spend on Encounter projects Formal farm-in agreement then commence exploration Shareholders Elliott Cu gain leverage to significant discovery Diamond drilling in progress opportunit