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Asx annoucement agm presentation 21.11.11

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Asx annoucement agm presentation 21.11.11

  1. 1. 21st November 2011 ASX Announcement 4/66 Kings Park Road, West Perth WA 6005 PO Box 52, West Perth WA 6872 ASX: QRL Presentation to Shareholders : AGM Quintessential Resources Ltd (ASX:QRL, Quintessential) Managing Director, Paige McNeil, will be presenting the attached presentation to shareholders at the Annual General Meeting at 10am (WST) on 21st November 2011 at the Celtic Club, 48 Ord Street West Perth WA. For more information and to register to receive ASX announcements via email please visit: Paige McNeil Managing Director +61 8 6278 3202 People I Science I The Essence of Exploration ASX Symbol: QRL ACN 149 278 759
  2. 2. The Essence of Exploration Annual General Meeting 21st November 2011 ASX : QRL
  3. 3. Quintessential Resources Ltd Disclaimer Statements:  This presentation has been prepared to provide information on Quintessential Resources Limited. It is not intended as an offer, invitation solicitation or recommendation with respect to the purchase or sale of any securities.  This presentation should not be relied upon as the sole representation of any matter that a potential investor should consider in evaluating Quintessential, its affiliates or any of its directors, agents, officers or employees do not make any representation or warranty, express or implied, as to or endorsement of, the accuracy or completeness of any information, statements, representations or forecasts contained in this presentation, and they do not accept any liability for any statement made in, or omitted from, this presentation.  The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by, or compiled under the supervision of Dr Salam Malagun - Member of the Aust. Inst. of Geoscientists. Dr Malagun is the Technical Director of Quintessential Resources Ltd and a full time employee of the Company. Dr Malagun has sufficient experience which is relevant to the type of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the Australasian Code of Reporting Exploration Results, Mineral Resources and Ore Resources. Dr Malagun consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.  Prospective investors should make their own independent evaluation of an investment in the Company.
  4. 4. Corporate Structure Quintessential is a dynamic junior mineral exploration company focussed on acquiring, exploring and developing highly prospective mineral properties in Papua New Guinea for World Class Porphyry Copper and Gold deposits. LISTED ON ASX: 10.8.11 ORDINARY SHARES: 30,000,000 IN ESCROW (24 months): 10,000,000 UNLISTED OPTIONS: 12,000,000 MARKET CAP @ $0.25: $10M RANGE: $0.20 - $0.32 TOP 20: 51.63% DIRECTORS HOLD: 37.40%
  5. 5. Experienced Management Team Management have strong PNG technical and logistical experience with proven corporate and exploration track records. Chairman Jay Stephenson MBA, FCPA, CMA, FCIS, MAICD Over 20 years of business development including approximately 16 years as Director, Chief Financial Officer and Company Secretary for various listed and unlisted entities. Jay has been involved in business acquisitions, mergers, initial public offerings, capital raisings, as well as managing all areas of finance for companies. Jay sits on the boards of Doray Minerals, Drake Resources, Strategic Minerals and Aura Energy. Managing Director Paige McNeil GradDipEd, ACIS, GAICD & Company Secretary Over 12 years mineral exploration experience including the past 7 years as Administration Manager and/Company Secretary for various Australian and Canadian listed and unlisted companies predominantly operating in PNG, including Frontier Resources Ltd. 2010 Recipient of WA Business News 40under40 award. Exploration Director Dr. Salam Malagun PhD, MSc, MAIG Over 25 years geological experience through out Papua New Guinea and Queensland. Salam has worked on most of the major mineral deposits in PNG and his PhD research contributed significantly to the discovery of the Simberi Gold Deposit.
  6. 6. Tenement Portfolio
  7. 7. Strategic Land Position
  8. 8. Destination for Development PNG is highly prospective for World Class Mines – Gold and Porphyry Copper-Gold  Porgera >26M ozs Au Barrick Gold  Kainantu 2M ozs Au Barrick Gold  Golpu Target &Wafi Deposit >27M ozs Au + 9 Mt Cu Newcrest / Harmony  Lihir >45M ozs Au Newcrest  Morobe 4M ozs Au +80M ozs Ag Newcrest / Harmony  Ok Tedi >16M ozs Au + 9Mt Cu Ok Tedi Mining  Grasberg >75M ozs Au + 26Mt Cu Freeport  Tolukuma 2M ozs Au Petromin  Panguna >16M ozs Au + 8 Mt Cu Rio Tinto  Frieda >18M ozs Au + 11 Mt Cu Xstrata / Highlands  Misima >4M ozs Au Placer (closed)  The Ramu lateritic nickel mine is under construction (total resources of 220 Mt of 0.98% Ni+ 0.1% Co)
  9. 9. OK Tedi Mining Ltd: >16Mozs Au + 9Mt Cu
  10. 10. Bismarck Gold and Porphyry Copper-Gold Mineralised Districts  320.5km2 granted 19/2/10. Mal Porphyry Copper District  57km highly prospective strike length. Tekem Gold District  Located in Northwest trending Papuan Fold belt, Giwi Porphyry Copper District about 100km northeast of the giant Porgera Mine. M'Sende Gold District  2 gold districts & 2 porphyry gold - copper -molybdenum districts containing twenty (20) prospects.  Located on a major NE structural zone with aeromagnetic anomalies indicative major hydrothermal systems.  Quintessential believes the Tekem Gold and Mal Porphyry Copper-Gold Districts have excellent potential for the discovery of World Class gold and copper deposits.
  11. 11. Bismarck Gold and Porphyry Copper-Gold Mineralised Districts
  12. 12. Exploration Activity – 4 months Exploration Strategy Achievements Focus is on advancing the Tekem Gold District Company owned rigs and supporting heavy for World Class epithermal gold and porphyry equipment purchased and received in country. copper-gold deposits via an initial 5000m Diamond drilling rigs have been commissioned drilling program operated with Company owned and the drilling program prepared to target the diamond drilling rigs geophysical anomalies via:  Resource Delineation Drilling  Depth Extension drilling Aggressively explore for World Class porphyry Geophysical and geochemical programs copper-gold-silver-molybdenum deposits at the completed at: Irak, Mal and Giwi Prospects by completing  Irak Prospect three grid based 3D-IP geophysical surveys to  Mal Prospect determine drilling targets for 2012  Giwi Prospect Establish road access to the Bismarck tenement by completing a track to Tekem Landowner negotiations completed and stage 1 (stage 1) and then to Irak and Mal (stage 2) of the dozer track has commenced to Tekem Blue Sky: Additional geographic focus in PNG 2 EL Applications in Milne Bay are pending via Exploration Licence Applications ministerial granting. 2 additional tenements were applied for in New Britain (post IPO)
  13. 13. Focus: Tekem Gold District 5000m Drilling Program A distinct NW oriented magnetic low is obvious through the Tekem Gold District. “Lows” represent intense hydrothermal activity and possible mineralised zones.
  14. 14. Three Dimensional Induced Polarisation (3D-IP) (Conductivity) A 3D-IP geophysical survey was completed in April and demonstrated a large NW trending and plunging conductivity anomaly sitting astride a very intense and large chargeability anomaly. The conductivity zone is ~1,000m long, 250m wide and 200m thick. The chargeability anomaly is more than 1,600m long at depth. This data is invaluable in initial drill targeting, plus deeper and along strike resource extension drilling. Existing drill holes containing the gold Inferred Resource are shown and they barely touch the conductivity zone, suggesting it is untested. The conductivity may represent semi massive copper sulphides.
  15. 15. Tekem Gold District Mineralisation/Deposit Model The Wafi – Golpu gold-copper deposits are the models used for the Tekem Gold District. Both districts have major gold- copper systems associated with a diatreme, multiple mineralised intrusives and are significant topographic highs. Tekem has a major geophysical anomaly at shallow to moderate depths that could represent Awale significant copper. Awale has a district „donut‟ copper in Tekem soil anomaly 300m in diameter which is the same diameter as the Golpu intrusive. Diatreme
  16. 16. Wafi -Golpu &Tekem Gold District Comparative Schematic Sections Simular geological circumstances exist as a diatreme plus copper and gold mineralised intrusives in receptive host rocks have been created. Golpu has a 300m diameter (like Awale) and contains 4.8Mt Copper and 8.8Moz Gold. Harmony / Newcrest's deposit took 20 years to show its potential with deeper drilling. Quintessential plan to systematically drill deeper to test the depth extension of the mineralisation. EL 1727 – Bismarck Mineralised Model Copper - Gold
  17. 17. Long Section : Tekem Historic Drill Holes Carpenter Pacific 1994 drilled 5 Scout Holes High grade zone 2.25m of 21.3g/t gold from 40m From surface mineralisation 25.5m of 2.1g/t gold incl. 2.0m of 16.0g/t gold Broad zones of low-grade gold 80m of 1.5g/t gold
  18. 18. JORC Compliant Inferred Resource Grade Approximate Total Cut-off grade (g/t Au) Tonnes (g/t gold) Ounces Gold 0.5 526,000 1.52 25,700 Zone 1 1.0 350,000 1.93 21,700 0.5 272,000 1.79 15,650 Zone 2 1.0 187,000 2.28 13,700 0.5 798,000 1.61 41,400 Total 1.0 536,000 2.05 35,400
  19. 19. Focus: Irak & Mal Porphyry Copper-Gold Prospects 2012 Drilling Program The aeromagnetics (TMI) clearly show the Mal District as a typical porphyry copper signature in this environment with a strong positive on the northern side and a corresponding negative on the southern side.
  20. 20. Irak & Mal Prospects : Porphyry Copper-Gold-Molybdenum The Irak & Mal region has strongly anomalous copper, gold and silver mineralisation in rocks, soils and creeks over a large area, with nine occurrences that have never been drilled. Grid based 3D-IP and soil geochemistry programs have been completed to assist in discriminating additional drilling targets.
  21. 21. Irak Prospect : Porphyry Copper-Gold 3D-IP Geophysical Survey
  22. 22. Irak Prospect Geochemical Results High grade maiden assay results from the Irak Prospect were reported including: 15m of 1.38% Cu + 17g/t Ag + 170 ppm Mo including: 2m of 4.69% Cu + 47g/t Ag + 219 ppm Mo 7m of 1.88% Cu + 23g/t Ag + 158 ppm Mo 2m of 2.76% Cu + 31g/t Ag + 228 ppm Mo 18m of 0.53% Cu + 10 g/t Ag + 48 ppm Mo including: 2m of 2.64% Cu + 35g/t Ag + 34 ppm Mo Data from the 3D-IP geophysical program was received 18.11.11 and is currently being interpreted and will be released forthwith.
  23. 23. Mal Porphyry Copper-Gold District Interpreted Structures on SRTM Topographic Image
  24. 24. 3D-IP Geophysical Surveys Completed in 2011
  25. 25. Giwi Porphyry Copper-Gold District 3D-IP Geophysical Surveys
  26. 26. Diamond Drilling 2 x diamond drill rigs + supporting equipment have been received in country. The rigs have been commissioned and mobilisation to site has commenced. CSD500C in foreground with company Hilux in background Cortech engineer commissioning the track mounted DSC800C QRL employee taking inventory of drilling rods
  27. 27. Location & Infrastructure EL1727 terrain is mountainous with deeply incised streams, moderate to steep slopes and elevations from 900 to 2100m. Mostly tropical rainforest except for patches of grassland lower in the river valleys. Historically access is via fixed wing aircraft to several airstrips in the region or by helicopter. However road access is currently underway. The road from Mt Hagen terminates at Kompiam, about 10km south of the Tekem Prospect. This road is being continued to allow access to Tekem via track based vehicles. Stage 2 of this project will extend the access track to the Irak and Mal Prospects. Image showing crawler with crane being utilised to unpack core trays from the container Mt Hagen has highway access to the port cities of Lae and Madang and has been established as the Company‟s logistical base. HINO tray back truck Back up Generator Bull dozer will be used to cut the track to site
  28. 28. Tekem Camp Site QRL Mechanic connecting hoses on rig Tekem Exploration Camp : West Wing under construction Tekem Geologists & Drillers Quarters Employees taking inventory of supplies
  29. 29. Image showing diamond drill rig CSD500C in the foreground, track mounted (large) diamond drill rig in the middle-ground and crawler with crane enabling the unpacking of drilling consumables from containers in the background in the yard at Mt Hagen.
  30. 30. Proposed Access Track
  31. 31. Our People : Q Team Quintessential have welcomed the interest of and engaged additional geologists and field technicians who are experienced explorers in PNG. Four experienced diamond drillers are on site to commence the Tekem drilling program and have committed to drilling through Christmas. The Company also engages teams of landowners to construct basic field accommodation and assist in exploration Landowners are working in co-operation with the Company.
  32. 32. Blue Sky ELA‟s in Milne Bay
  33. 33. Blue Sky ELA‟s in New Britain
  34. 34. Quintessential Resources Ltd  Highly prospective, drill ready projects in arguably the most prospective and under explored geological address in Papua New Guinea Highlands.  Gold and Porphyry Copper-Gold-Molybdenum focus.  Experienced management team with a proven track record for cost effective exploration in PNG.  Strategic Land Holdings with no known environmental or social impediments.  Company owned exploration equipment.  Additional geographic focus in Milne Bay and New Britain with 4 exploration license applications (ELA‟s).


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