Ausquest Limited · ASX:AQD
Ausquest — Shareholder Meeting (November 2016)
26 slides from Ausquest's shareholder meeting presentation, Nov 23, 2016
Slide 1: AusQuest project portfolio: Peru, Western Australia, Burkina Faso
For personal use only PUITE (PERU) – Potential Porphyry Cu nearby COPPER CHOLOLO (PERU) – Preserved Porphyry Cu Target GOLD CERRO DE FIERRO (PERU) – Large IOCG Target SOUTHERN PERU – Pipeline of Cu-Au Projects JIMBERLANA (WA) – New Concept – Large Ni Target NICKEL FRASER RANGE (WA) – Prospective – M
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: Potential Price Catalysts - 2017
PO TENTIAL PRICE CATALYSTS - 2017 For personal use only Puite: Locate & Drill Porphyry Cu centre Chololo: Drill Porphyry Cu target PERU Cerro de Fierro: Drill IOCG target Attract New Joint Venture partner(s) Jimberlana: Define & drill NiS target(s) Fraser Range: Define & drill NiS target(s) W. AUST
Slide 4: Peru – Current Projects
PERU – CURRENT PROJECTS For personal use only 4
Slide 5: Pampa de las Pulgas - JV Drilling
PAMPA DE LAS PULGAS- JV DRILLING For personal use only
Slide 6: Puite - Alteration in Drill Core
PUITE - ALTERATION IN DRILL CORE Drill Hole Geochemistry shows two distinct For personal use only PUT02 alteration trends: Propylitic - Sodic and Phyllic - Potassic Sodic Potassic PUT08 Potassic Propylitic Phyllic Sodic Argillic 6
Slide 7: Porphyry Copper Model (after Cooke)
PORPHYRY COPPER MODEL (after Cooke) For personal use only Cu Mo Au K K Na Na
Slide 8: Puite – A New Porphyry Environment?
PUITE – A NEW PORPHYRY ENVIRONMENT? For personal use only Drill results suggest 5 of the 6 holes within halo to porphyry Cu mineralisation
Slide 9: Colorada Prospect - Untested Targets
CO L O RADA PRO SPECT - UNTESTED TARG ETS For personal use only Targets for IP Soundings Drill holes COL 011 and 018 located on margin of surface phyllic alteration
Slide 10: Pampa de las Pulgas – Priority Targets
PAMPA d e L AS PUL G AS – PRIO RITY TARG ETS For personal use only
Slide 11: Chololo – A Second Porphyry Target
C H O L O L O – A S E C O N D P O R P H Y RY TA R G E T For personal use only ? El Yarral 366m @ 0.11%Cu 472m @ 0.11%Cu • New Porphyry Cu prospect – No historic drilling – Anomalous Cu & Mo + alteration • 2km NE of known Porphyry – Low grade Cu but similar age to Tia Maria • Mapping & sampling compl
Slide 12: Chololo - Fully Preserved Porphyry?
CHOLOLO - FULLY PRESERVED PORPHYRY? For personal use only • Scattered lithocap outcrop contains high temp minerals (Na alunite and pyrophyllite) implying proximity to buried porphyry – preserved? • Anomalous Mo, As, & Sb within lithocap suggests porphyry could Caliche masks lithocap signature be min
Slide 13: Cerro de Fierro – IOCG Target?
C E R R O D E F I E R R O – I O C G TA R G E T ? For personal use only
Slide 14: Cerro de Fierro – IOCG Target?
C E R R O D E F I E R R O – I O C G TA R G E T ? For personal use only • Widespread Cu (+/-Au, Ag) in structures / veinlets and disseminated in volcanics • Untested magnetic target (~2km²) – IP to optimise drill sites – attract JV partner 14
Slide 15: Cerro de Fierro – Cu in Outcrop
CERRO DE FIERRO –CU in OUTCROP For personal use only Dissem Cu in andesites Cu in structures marginal (~16m @0.5%Cu) to depleted Cu zone
Slide 16: Fraser Range Ni-Cu Projects - 1400km²
FRASER RANGE NI-CU PROJECTS -1400Km² For personal use only Nova-Bollinger ($1.8B) Nova-Bollinger ($1.8B) 14Mt @ 2.3%Ni 0.9%Cu 14Mt @ 2.3%Ni 0.9%Cu 60km 60km Fraser Range (100% AQD) AQD Drill Targets (3) AQD Drill Targets (3) 16
Slide 17: Balladonia Ni Targets – HPEM Surveys
B A L L A D O N I A N I TA R G E T S – H P E M S U RV E Y S For personal use only Inset: TMI Crux Ni target
Slide 18: Gibson Soak Ni Targets – HPEM Surveys
G I B S O N S O A K N I TA R G E T S – H P E M S U RV E Y S For personal use only
Slide 19: Jimberlana – A New(?) Ni-Cu Opportunity
JIMBERLANA – A NEW(?) NI-CU OPPORTUNITY For personal use only The Jimberlana dyke is a large fertile intrusion with potential to host large scale Ni sulphide deposits Recent research suggests the best location to find these large deposits is at the base of the intrusion The western end of the
Slide 20: Jimberlana – Gravity & HPEM Survey
JIMBERLANA – GRAVITY & HPEM SURVEY 3-D Gravity Model For personal use only HPEM surveys to define potential drill targets commence shortly
Slide 21: Blue Billy Zinc - Project Location
BLUE BILLY ZINC - PROJECT LOCATION For personal use only Blue Billy Prairie Downs 3MT @ 5%Zn 1.6%Pb 15g/tAg Abra Abra Blue Billy Fm 93MT @ 4%Pb 10g/tAg Edmund Basin Stratigraphy Blue Billy is a sediment hosted zinc prospect within the Edmund Basin (WA) located at a similar stratigraphic position t
Slide 22: Blue Billy – Regional Zinc Halo?
BLUE BILLY – REGIONAL ZINC HALO? GSWA sample For personal use only Alcoa DDH Samples Proximal Discovery Formation Blue Billy Formation Edmund Group Distal Halo Background Blue Billy Alteration Index for Sedex Zinc (Large & McGoldrick) Alcoa DDH 50km Strongly anomalous Zn, As, Cd, S in samples from
Slide 23: Blue Billy SEDEX Zinc Target
BL UE BIL LY SEDEX ZINC TARG ET For personal use only Historic 10km Drilling Target Target Concept for SEDEX Zinc
Slide 24: Banfora Gold JV – US$7.5M to Earn 80%
BANFORA GOLD JV – US$7.5M TO EARN 80% For personal use only • Limited auger sampling in 2016 – 3,447 holes for 24,068m completed in 4 areas Mouro Shear • Further gold anomalies outlined parallel to regional structures • Renewal of tenements for a further 3 year period in progress • Further sampling
Slide 25: Short Term Work Program – 2017
SHORT TERM WORK PROGRAM – 2017 For personal use only Chololo: IP to upgrade Porphyry Cu target (Jan) Cerro de Fierro: IP to upgrade IOCG target PERU Puite: Map & sample - locate Porphyry Centre (Feb) Negotiate new Joint Venture(s) Jimberlana: HPEM to define NiS target (Nov) Fraser Range: HPEM to ID
Slide 26: 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 26