Asx annoucement agm presentation 21.11.11


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Asx annoucement agm presentation 21.11.11

  1. 1. 21st November 2011ASX Announcement4/66 Kings Park Road, West Perth WA 6005PO Box 52, West Perth WA 6872 ASX: QRL Presentation to Shareholders : AGMQuintessential Resources Ltd (ASX:QRL, Quintessential) Managing Director, Paige McNeil, will bepresenting the attached presentation to shareholders at the Annual General Meeting at 10am (WST) on21st 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 McNeilManaging Director+61 8 6278 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 LtdDisclaimer 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: 10.8.11ORDINARY SHARES: 30,000,000IN ESCROW (24 months): 10,000,000UNLISTED OPTIONS: 12,000,000MARKET CAP @ $0.25: $10MRANGE: $0.20 - $0.32TOP 20: 51.63%DIRECTORS HOLD: 37.40%
  5. 5. Experienced Management TeamManagement 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. MSende 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 AchievementsFocus is on advancing the Tekem Gold District Company owned rigs and supporting heavyfor World Class epithermal gold and porphyry equipment purchased and received in country.copper-gold deposits via an initial 5000m Diamond drilling rigs have been commissioneddrilling program operated with Company owned and the drilling program prepared to target thediamond drilling rigs geophysical anomalies via:  Resource Delineation Drilling  Depth Extension drillingAggressively explore for World Class porphyry Geophysical and geochemical programscopper-gold-silver-molybdenum deposits at the completed at:Irak, Mal and Giwi Prospects by completing  Irak Prospectthree grid based 3D-IP geophysical surveys to  Mal Prospectdetermine drilling targets for 2012  Giwi ProspectEstablish road access to the Bismarcktenement 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 TekemBlue Sky: Additional geographic focus in PNG 2 EL Applications in Milne Bay are pendingvia Exploration Licence Applications ministerial granting. 2 additional tenements were applied for in New Britain (post IPO)
  13. 13. Focus: Tekem Gold District 5000m Drilling ProgramA 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 conductivityanomaly 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 1,600mlong 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 / Newcrests 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 25,700Zone 1 1.0 350,000 1.93 21,700 0.5 272,000 1.79 15,650Zone 2 1.0 187,000 2.28 13,700 0.5 798,000 1.61 41,400Total 1.0 536,000 2.05 35,400
  19. 19. Focus: Irak & Mal Porphyry Copper-Gold Prospects 2012 Drilling ProgramThe aeromagnetics (TMI) clearly show the Mal District as a typical porphyry copper signaturein this environment with a strong positive on the northern side and a corresponding negativeon the southern side.
  20. 20. Irak & Mal Prospects : Porphyry Copper-Gold-MolybdenumThe Irak & Mal region has strongly anomalous copper, gold and silver mineralisation in rocks, soils andcreeks 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 discriminatingadditional drilling targets.
  21. 21. Irak Prospect : Porphyry Copper-Gold 3D-IP Geophysical Survey
  22. 22. Irak Prospect Geochemical ResultsHigh grade maiden assay results from theIrak Prospect were reported including:15m of 1.38% Cu + 17g/t Ag + 170 ppm Moincluding:2m of 4.69% Cu + 47g/t Ag + 219 ppm Mo7m of 1.88% Cu + 23g/t Ag + 158 ppm Mo2m of 2.76% Cu + 31g/t Ag + 228 ppm Mo18m of 0.53% Cu + 10 g/t Ag + 48 ppm Moincluding:2m of 2.64% Cu + 35g/t Ag + 34 ppm MoData from the 3D-IP geophysical programwas received 18.11.11 and is currently beinginterpreted and will be released forthwith.
  23. 23. Mal Porphyry Copper-Gold DistrictInterpreted 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 backgroundCortech engineer commissioning the track mounted DSC800C QRL employee taking inventory of drilling rods
  27. 27. Location & InfrastructureEL1727 terrain is mountainous with deeply incised streams,moderate to steep slopes and elevations from 900 to 2100m.Mostly tropical rainforest except for patches of grasslandlower in the river valleys.Historically access is via fixed wing aircraft to several airstripsin the region or by helicopter. However road access iscurrently underway.The road from Mt Hagen terminates at Kompiam, about 10kmsouth of the Tekem Prospect. This road is being continued toallow access to Tekem via track based vehicles. Stage 2 ofthis project will extend the access track to the Irak and MalProspects. Image showing crawler with crane being utilised to unpack core trays from the containerMt Hagen has highway access to the port cities of Lae andMadang and has been established as the Company‟slogistical 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 rigTekem 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 TeamQuintessential have welcomed the interest ofand engaged additional geologists and fieldtechnicians who are experienced explorers inPNG. Four experienced diamond drillers areon site to commence the Tekem drillingprogram and have committed to drillingthrough Christmas.The Company also engages teams oflandowners to construct basic fieldaccommodation and assist in explorationLandowners are working in co-operation withthe 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).