Encounter Resources Limited · ASX:ENR
Encounter Resources — Investor Presentation (January 2014)
22 slides from Encounter Resources's investor presentation, January 2014
Slide 1: Investor Update
Investor Update January 2014 ASX : ENR
Slide 2: Investment Summary
INVESTMENT SUMMARY Greenfields Copper Discovery - BM7 • Large scale Cu system >14km long and growing Yeneena • $20m farm-in with Antofagasta plc (2 tenements) Project • Key ground position secured (>1900km2) Massive Zinc Sulphides - BM2 • High grade zinc/silver in first diamond hole into key geologi
Slide 3: Corporate Information
CORPORATE INFORMATION Board Experienced team - former WMC Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 132.5m Ordinary Shares Issued Capital 9.5m Employee Options Market Cap.
Slide 4: Yeneena Project
YENEENA PROJECT Major land position amongst giant mineral deposits In 2012/13, Encounter has expanded its ground holding with earn-ins: • St Barbara Mines Ltd • Independence Group NL • Midas Resources Ltd 4
Slide 5: Historical Discoveries
HISTORICAL DISCOVERIES Nifty - 1980 Telfer – 1972 Kintyre - 1985 5
Slide 6: Yeneena Project: Under cover exploration – a new search space
YENEENA PROJECT Under cover exploration– a new search space 6
Slide 7: Sediment Hosted Copper
SEDIMENT HOSTED COPPER 25 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 7
Slide 8: Nifty Copper Deposit
NIFTY COPPER DEPOSIT Nifty copper sulphide mineralisation is a shallow plunging body with the strongest mineralisation located at the keel of a synform 8
Slide 9: BM1 - BM7 Prospects
BM1 - BM7 PROSPECTS Copper mineral system 14km long and growing BM1 Coherent zone of near surface copper oxide mineralisation 10m @ 6.8% Cu from 32m 8m @ 3.6% Cu from 18m 20m @ 2.0% Cu from 22m BM7 6 x 3km copper system still growing First joint diamond drill program intersects high grade Cu sulphid
Slide 10: Long Section BM1-BM7
LONG SECTION BM1-BM7 Shallow drilling defines major new Copper-Cobalt mineral system [email protected]% Cu from 388 Extended 3km & still open Antofagasta farming-in 10
Slide 11: BM7 Copper Outline Jan 13
BM7 COPPER OUTLINE JAN 13 1km At the start of 2013 we had evidence of a large mineral system at BM7 • 3km x 1km near surface copper 3km footprint • Attracted copper major Antofagasta plc to the project • Six months of activity completed under the earn-in agreement … EPT1822 - 36m – Asurite in RC chi
Slide 12: BM7 Drilling 2013 Summary
BM7 DRILLING 2013 SUMMARY 3km BM7 mineral system significantly extended south and east • Tripled the size of the surface copper footprint • Over 6km in strike and up to 3km in width • Generated specific new primary copper sulphide targets 6km • Extraordinary copper oxide footprint with 600m Nifty Su
Slide 13: BM7 Schematic Section A-A'
BM7 SCHEMATIC SECTION A-A’ Diamond drill program has confirmed depth extensive copper sulphide mineralisation and established the high grade potential of BM7 system Nifty Sulphide Deposit (~ same scale) See Slide 8 13
Slide 14: BM7 – 2013 Milestones
BM7 – 2013 MILESTONES Tenement granted in August 2012 Initial exploration confirmed large scale copper potential Attracted quality partner - copper major Antofagasta plc Shallow drilling outlined 6km x 3km copper system - still growing First joint diamond drilling produced high grade coppe
Slide 15: Regional Targets - North
REGIONAL TARGETS - NORTH Electromagnetics - VTEM Untested targets north of BM1-BM7 • 100% Encounter held ground • VTEM Survey completed June 2013 • Significant north-east trending structure that mirrors the BM1-BM7 copper system • Shallow sand cover • Minimal previous exploration – a handful 14km of
Slide 16: BM2 – Zinc Prospect
BM2 – ZINC PROSPECT Large Scale Zinc Mineral System – EIS co-funded drilling in 2013 • High grade zinc/silver intersected in the first diamond hole into a key geological contact • 0.7m @ 36.5% zinc and 37g/t silver • Zinc regolith anomalism along this target contact extends over 2km • Up dip weather
Slide 17: BM2 Prospect
BM2 PROSPECT EIS drilling intersects massive zinc sulphide mineralisation 17
Slide 18: BM2 Prospect
BM2 PROSPECT EIS drilling intersects massive zinc sulphide mineralisation 18
Slide 19: Discovery Timeline
DISCOVERY TIMELINE 2013 Objectives 2012 High grade copper Large scale, copper sulphides at BM7 2011 discovery at BM7 Regional copper Test targets south Discovery of copper and east of BM7 sulphides at BM1 targets defined 2010 New copper oxide Test Regional Targets Greenfields copper discoveries at B
Slide 20: Next 6 Months
NEXT 6 MONTHS 2014 Mar Apr May Jun Jul Site Mobilisation BM7 Cu (Anto earn-in) Diamond drilling Aircore/RC BM2 Zn (100%) Diamond drilling Fishhook (100%) Aircore/RC (EIS) NW Regional (ENR earn-in) VTEM Survey Stirling (ENR earn-in) Aircore/RC (EIS) 20
Slide 21: Summary
SUMMARY Yeneena – Australia’s Next Great Mineral District? • Large scale Cu system over 14km long and growing • Massive zinc sulphides at 100% owned BM2 • Key ground position secured (>1900km2) • Major mining company funding through Antofagasta farm-in • Well funded & highly active greenfields explo
Slide 22: Disclaimer & Compliance Statement
Disclaimer & 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 information in this document has been derived from third parties and t
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