Slide 1: JV Drilling Metres - Peru & Banfora
For personal use only JV DRILLING METRES - PERU & BANFORA COPPER 12-18 months (planned) 46,000 metres (Peru expected start mid 2015) GOLD 48 months (possible) +110,000 metres UP TO A$34M FUNDED BY PERU JV PARTNERS NICKEL MAJOR LANDHOLDER IN THE FRASER RANGE Planning to drill this year close to Siriu
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) 16.7% ASX Code AQD Directors (Incl C.E.) 22.5% Shares on Issue 494.9 million Acorn Capital 5.6% Top 20 ~43.1% Options on Issue 157.6 million Directors Market Cap. (at 2.0 cents) ~$9.9 mill
Slide 4: Massive Months for AQD in Peru
MASSIVE 12 MONTHS AQD IN PERU For personal use only • Landmark Peru JVs worth up to A$34M - includes cash to AQD up to A$13M • 4 large Cu-Au targets to be drilled – expected start mid 2015 • 20,000m drilling or expenditure of US$3.5M –committed within next 12-18 months • 70,000m drilling + US$10M ca
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 – southern Peru • Mine Expansions • Covered areas • Secure Mining Title 5
Slide 6: Cerro Verde Mine – Southern Peru
For personal use only CERRO VERDE MINE – SOUTHERN PERU 6
Slide 7: Cerro Verde to Double Production
For personal use only CERRO VERDE TO DOUBLE PRODUCTION 7
Slide 8: 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 3 JV Projects 10 Projects 100% owned 8
Slide 9: Undercover – A New Opportunity
UNDERCOVER – A NEW OPPORTUNITY For personal use only • Covered areas restricted historic exploration • More Cu deposits to be found under cover • Aeromagnetics used for area selection • Mapping & sampling used to prioritise prospects • Geological / geophysical targets for drilling 9
Slide 10: 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 • 2 JVs signed with Zahena to drill large-scale porphyry Cu-Au targets near ILO • 50,000m drilling & US$7 million cash (est. value US$17.5M) earns 70% in both • Commitment - 5,000m Cardonal (US$1M) – 10,000m Puite-Colorada (U
Slide 11: Cardonal & Puite JV Drill Targets
CARDO NAL & P UITE JV DRIL L TARG ETS CARDONAL PROSPECT For personal use only • 13 drill sites approved for Puite & 10 sites for Cardonal • Large porphyry Cu (Au) and/or IOCG targets defined by anomalous Cu, alteration & geophysical anomalies 2km PUITE PROSPECT 1.2km 11
Slide 12: Chololo Drill Target - 2015
C H O L O L O ( 1 0 0 %) D R I L L TA R G E T - 2015 For personal use only 472m @ 0.11%Cu 472m @ 0.11%Cu • Next to Ilo Este Porphyry Cu prospect (Latin Resources JV with Zahena) • Anomalous Cu-Mo & sericite /alunite alteration - new Porphyry Cu system • Prospect ~250m vertically above Ilo Este - enh
Slide 13: Drilling Cu-Au Targets – Lana JV
D R I L L I N G C U - A U TA R G E T S – L A N A J V LANA For personal use only • JV with Southern Copper to drill large Cu-Au target – 5,000m DDH commitment • Drill targets at Cerro de Fierro (100% AQD) – permitting in 2015 13
Slide 14: Cerro de Fierro Target
C E R R O D E F I E R R O ( 1 0 0 % ) TA R G E T - 2 0 1 5 For personal use only Cu Geology Priority Target 2km Cu>100ppm Au>40ppb Ground Magnetic Image Magnetic Anomaly beneath Volcanics? Aeromagnetic Contour Potential Porphyry Cu or IOCG Target?
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 • Recognised in aeromagnetic data (detailed) • Magnetic nodes reflect potassic alteration (magnetite) • Potassic alteration associated with Cu mineralisation • Discrete magn
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 under cover in southern Peru – located using proprietary aeromagnetic data • Targets held 100% by Questdor (wholly owned subsidiary of AQD) • Ground evaluation in 2015 - advan
Slide 17: Fraser Range Ni-Cu Drill Targets
F R A S E R R A N G E N I - C U D R I L L TA R G E T S For personal use only Drill Targets Drill Targets Fraser Range (100% AQD) Mt Ridley Mt Ridley Mt Ridley Drill Targets 17
Slide 18: Banfora Gold JV – A$7M Budget 2015
BANFORA GOLD JV – A$7M BUDGET 2015 For personal use only 7,000m • RC drilling at 5 gold projects in Mouro Burkina Faso has commenced 4,000m Gold Trend • Up to 39,000m RC drilling & 20,000m 150,000m of auger in 2015 4,000m • 30Km gold auger anomaly (>50ppb Au) reported at Mouro • Drilling funded by B
Slide 19: Upcoming Action for AusQuest
UPCOMING ACTION FOR AUSQUEST For personal use only COPPER Peru JVs - Four large Cu-Au targets drilled (20,000m) 100% Cu-Au targets outside JV – added value GOLD Banfora Gold JV - Targets drilled in 5 areas (26,000m) New Ni-Cu opportunities in Fraser Range (WA) NICKEL Drill Targets defined – potentia
Slide 20: 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 Email: graeme@ausquest.com.au www.ausquest.com.au 20