Encounter Resources Limited · ASX:ENR
Encounter Resources — RIU Explorers Conference 2016
17 slides from Encounter Resources's conference presentation, Feb 24, 2016
Slide 1: RIU Explorers Conference
RIU Explorers Conference Fremantle - 24 February 2016 ASX : ENR
Slide 2: Company Snapshot
Company Snapshot Board Paul Chapman - Chairman Main Project – Yeneena (Cu, Zn) Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Port Hedland Kevin Hart / Dan Travers - Company Sec. 155.6m Ordinary Shares (Top 40 shareholders hold 68%) Marble
Slide 3: Creating Value Through Greenfield Exploration
Creating Value Through Greenfield Exploration… Tier 1 exploration targets with large scale footprints BM1-BM7 Copper (100% ENR) – drill ready Millennium Zinc (HHM Earn in) Early Stage Advancing Lookout Rocks Copper (Antofagasta Earn in) High Quality Opportunities Project Generation – Copper, Zinc, G
Slide 4: Major Land Position Assembled
Major Land Position Assembled… Leading edge, under cover greenfield exploration Major land holding in proven Proterozoic Paterson Province Sharing risk at appropriate points to maximise exploration upside New copper and zinc discoveries made by ENR 4
Slide 5: In a New Search Space
…in a New Search Space… Sand covered mineral belt with proven fertility Outcropping discoveries made in 1970-80s (Nifty, Telfer, Kintyre) Minimal subsurface exploration activity up to 2005 Encounter has discovered two new mineral systems so far: BM1-BM7 Copper Millennium Zinc 5
Slide 6: In a Region that Produces Big Deposits
…in a Region that Produces Big Deposits… Lookout Rocks Copper Millennium Zinc • Farm-in Antofagasta plc • HHM earning up to 25% BM7 Copper • 100% ENR 6
Slide 7: BM7 Project – 14km long Copper System
BM7 Project – 14km long Copper System Next Slide BM1-BM7 (refer ASX announcements 15 July 2014 & 30 January 2015) (*Reported pursuant to the 2004 Edition of the JORC Code ) 7
Slide 8: Gravity interpretation highlights three high priority targets
Gravity interpretation highlights three high priority targets BM1 Additional gravity survey Coherent zone of near surface Cu completed in Oct 2015 oxide mineralisation Innovative technique 10m @ 6.8% Cu from 32m* +0.1% Cu 20m @ 2.0% Cu from 22m* developed to generate Regolith 8m @ 3.6% Cu from 1
Slide 9: Lookout Rocks – New copper prospect south of Nifty
Lookout Rocks – New copper prospect south of Nifty Nifty Cu Telfer Au/Cu VTEM surveys completed 2013 & (1981) (1972) 2014 Over 30 strike kms of interpreted Broadhurst Formation sediments (Nifty host) in highly prospective structural setting Lookout Rocks Shallow sand cover with minimal Millenn
Slide 10: Lookout Rocks – New copper prospect south of Nifty
Lookout Rocks – New copper prospect south of Nifty 7 shallow AC/RC over a structural Nifty Cu Telfer Au/Cu target (1981) (1972) Drilling confirmed Broadhurst Formation (Nifty host) stratigraphy Broad intervals of copper and lead anomalism strengthening to the east and towards the bottom of hol
Slide 11: Greenfield Zinc Discovery at Millennium
Greenfield Zinc Discovery at Millennium… Large +3km long zinc system First order structural address at intersection of major NE and Millennium Zinc basin forming NW structure • HHM earning up to 25% High grade mineralisation in early drilling Hampton Hill Mining (HHM) earning up to 25% by pr
Slide 12: Large zinc system with high grade Zn sulphide
Large zinc system with high grade Zn sulphide… Massive zinc sulphide 0.7m @ 36.5% Zn Thick gossan intersections - 70m @ 2.3% Zn (refer ASX announcements 14 December 2013, 12 January 2015, 17 June 2015, 29 October 2015) 12
Slide 13: Three high priority target zones to be drilled in 2016
Three high priority target zones to be drilled in 2016… Target Target Zone Zone South-East South-East interpreted interpreted zone zone of of coherent coherent zinc zincsulphide sulphide Target Zone Central south-east mineralisation mineralisationincluding including of the strongly mineralised EPT21
Slide 14: 2015 Milestones
2015 Milestones Substantially extended mineralised zinc gossan at Millennium Discovered new copper prospect at Lookout Rocks South (Nifty analogue) Completed new farm-in agreements - Antofagasta (US$6m) and Hampton Hill (A$2m) Welcomed new investment from leading global resources funds (Spro
Slide 15: 2016 Field Activities
2016 Field Activities Apr May Jun Jul Aug Sep Camp set up/mobilisation BM7 Copper drill test new gravity targets (EIS co funded) Millennium diamond/RC program (HHM co funded) Lookout Rocks Copper surface sampling Lookout Rocks Copper first diamond drilling (Antofagasta funded) Telfer region gold ini
Slide 16: Yeneena - Australia's Next Great Mineral District?
Yeneena - Australia’s Next Great Mineral District? • Systematic frontier exploration to create enduring value • Exposure to large scale copper and zinc exploration upside • Major land position with proven fertility (>1850km2) • Risk sharing at appropriate points to maximise return for ENR shareholde
Slide 17: 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