Encounter Resources Limited · ASX:ENR
Encounter Resources — AMEC Convention 2013
15 slides from Encounter Resources's conference presentation, Sep 4, 2013
Slide 1: AMEC Convention
AMEC Convention 3-4 September 2013 ASX : ENR Perth, Australia
Slide 2: Investment Summary
INVESTMENT SUMMARY • Major land position in Proterozoic sedimentary basin (1900km2) • Surrounded by major mineral deposits (Au-Cu, Cu, U and Mn) • Greenfields copper discovery 11km long and growing • Experienced team of former Yeneena Copper WMC executives Project • Well funded explorer - US$20m far
Slide 3: Corporate Information
CORPORATE INFORMATION Board 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. A$33m @ A$0.25/share Cash A$4
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: Yeneena Project: Sand cover has inhibited previous exploration
YENEENA PROJECT Sand cover has inhibited previous exploration 5
Slide 6: BM1 - BM7 Prospects
BM1 - BM7 PROSPECTS Copper mineral system 11km long and growing BM1 - coherent zone of near surface copper oxide mineralisation • 10m @ 6.8% Cu from 32m • 20m @ 2.0% Cu from 22m • 8m @ 3.6% Cu from 18m • 4m @ 5.5% Cu from 66m BM7 - New copper discovery 3km south of BM1 in 2012 • 52m @ 0.6% Cu incl.
Slide 7: Long Section BM1-BM7
LONG SECTION BM1-BM7 Shallow drilling defines major new Copper-Cobalt mineral system Next Slide Antofagasta farming-in 7
Slide 8: BM7 Prospect
BM7 PROSPECT +800m Long Zone of Copper Sulphides • Depth extensive copper sulphide mineralisation associated with large dolomite alteration zone • End of hole (EOH) primary copper in RC drill program: • 6m @ 0.7% Cu 150m to EOH • 30m @ 0.4% Cu 118m to EOH • Copper sulphide zone remains open along st
Slide 9: BM7 Prospect: Diamond Drilling
BM7 PROSPECT Diamond Drilling - Copper Sulphides • Three diamond holes have been completed at BM7 - 4th hole in progress • Copper sulphide mineralisation associated with two easterly dipping, strongly veined and altered carbonate EPT1716 – ~120m - Carbonate with dolomite blebs/veins containing chalc
Slide 10: Regional Targets - South
REGIONAL TARGETS - SOUTH New copper zone 1km East of BM7 • First pass RC program - drill spacing 800m by 400m (80m hole depth) • Visible copper mineralisation (confirmed by XRF) in three holes at BM7 East • BM7 mineral system significantly extended • BM8 RC drilling in progress EPT1726 - Copper mine
Slide 11: Regional Targets - North
REGIONAL TARGETS - NORTH Electromagnetics - VTEM Untested targets north of BM1-BM7 • Significant north-east trending structure that mirrors the BM1-BM7 copper system • Key structural targets identified • Shallow sand cover 100% ENR • Minimal previous exploration – a handful of RAB holes • 100% Encou
Slide 12: Discovery Timeline
DISCOVERY TIMELINE 2013 Objectives 2012 High grade copper Large scale, copper sulphides at BM7 Anto. 2011 discovery at BM7 Test targets south Farm-in Discovery of copper Regional copper targets defined and east of BM7 sulphides at BM1 2010 New copper oxide Test Regional Targets Greenfields copper di
Slide 13: 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 13
Slide 14: Summary
SUMMARY Yeneena – Australia’s Next Great Copper District? • Large scale system over 11km long and growing • High grade near surface intersections • Key ground position secured (>1900km2) • First world mining jurisdiction • Major mining company funding through Antofagasta farm-in • Sound cash positio
Slide 15: 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