asx annoucement agm presentation 21.11.11

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21 st November 2011 ASX Announcement 4/66 Kings Park Road, West Perth WA 6005 PO Box 52, West Perth WA 6872 People I Science I The Essence of Exploration ASX Symbol: QRL [email protected] www.quintessentialresources.com.au ACN 149 278 759 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 21 st 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: www.quintessentialresources.com.au Paige McNeil Managing Director +61 8 6278 3202 [email protected]

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Page 1: Asx annoucement agm presentation 21.11.11

21st November 2011

ASX Announcement 4/66 Kings Park Road, West Perth WA 6005 PO Box 52, West Perth WA 6872

People I Science I The Essence of Exploration ASX Symbol: QRL [email protected] www.quintessentialresources.com.au ACN 149 278 759

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: www.quintessentialresources.com.au Paige McNeil Managing Director +61 8 6278 3202 [email protected]

Page 2: Asx annoucement agm presentation 21.11.11

The Essence of Exploration

Annual General Meeting

21st November 2011

ASX : QRL

www.quintessentialresources.com.au

Page 3: Asx annoucement agm presentation 21.11.11

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.

Page 4: Asx annoucement agm presentation 21.11.11

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%

Corporate Structure

Page 5: Asx annoucement agm presentation 21.11.11

Experienced Management Team

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.

Management have strong PNG technical and logistical experience with proven corporate and exploration track records.

Page 6: Asx annoucement agm presentation 21.11.11

Tenement Portfolio

Page 7: Asx annoucement agm presentation 21.11.11

Strategic Land Position

Page 8: Asx annoucement agm presentation 21.11.11

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)

Page 9: Asx annoucement agm presentation 21.11.11

OK Tedi Mining Ltd: >16Mozs Au + 9Mt Cu

Page 10: Asx annoucement agm presentation 21.11.11

Bismarck Gold and Porphyry Copper-Gold Mineralised Districts

320.5km2 granted 19/2/10.

57km highly prospective

strike length.

Located in Northwest

trending Papuan Fold belt,

about 100km northeast of

the giant Porgera Mine.

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.

Mal Porphyry Copper District

Tekem Gold District

Giwi Porphyry Copper District

M'Sende Gold District

Page 11: Asx annoucement agm presentation 21.11.11

Bismarck Gold and Porphyry Copper-Gold Mineralised Districts

Page 12: Asx annoucement agm presentation 21.11.11

Exploration Activity – 4 months Exploration Strategy

Focus is on advancing the Tekem Gold District

for World Class epithermal gold and porphyry

copper-gold deposits via an initial 5000m

drilling program operated with Company owned

diamond drilling rigs

Aggressively explore for World Class porphyry

copper-gold-silver-molybdenum deposits at the

Irak, Mal and Giwi Prospects by completing

three grid based 3D-IP geophysical surveys to

determine drilling targets for 2012

Establish road access to the Bismarck

tenement by completing a track to Tekem

(stage 1) and then to Irak and Mal (stage 2)

Blue Sky: Additional geographic focus in PNG

via Exploration Licence Applications

Achievements

Company owned rigs and supporting heavy

equipment purchased and received in country.

Diamond drilling rigs have been commissioned

and the drilling program prepared to target the

geophysical anomalies via:

Resource Delineation Drilling

Depth Extension drilling

Geophysical and geochemical programs

completed at:

Irak Prospect

Mal Prospect

Giwi Prospect

Landowner negotiations completed and stage 1

of the dozer track has commenced to Tekem

2 EL Applications in Milne Bay are pending

ministerial granting. 2 additional tenements were

applied for in New Britain (post IPO)

Page 13: Asx annoucement agm presentation 21.11.11

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.

Page 14: Asx annoucement agm presentation 21.11.11

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.

Three Dimensional Induced Polarisation (3D-IP) (Conductivity)

Page 15: Asx annoucement agm presentation 21.11.11

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

significant copper.

Awale has a district „donut‟ copper in

soil anomaly 300m in diameter which

is the same diameter as the Golpu

intrusive.

Diatreme

Tekem

Awale

Page 16: Asx annoucement agm presentation 21.11.11

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.

Mineralised Model

Copper - Gold

EL 1727 – Bismarck

Page 17: Asx annoucement agm presentation 21.11.11

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

Page 18: Asx annoucement agm presentation 21.11.11

JORC Compliant Inferred Resource

Cut-off grade (g/t Au) Tonnes Grade

(g/t gold) Approximate Total

Ounces Gold

Zone 1 0.5 526,000 1.52 25,700

1.0 350,000 1.93 21,700

Zone 2 0.5 272,000 1.79 15,650

1.0 187,000 2.28 13,700

Total 0.5 798,000 1.61 41,400

1.0 536,000 2.05 35,400

Page 19: Asx annoucement agm presentation 21.11.11

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.

Page 20: Asx annoucement agm presentation 21.11.11

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.

Irak & Mal Prospects : Porphyry Copper-Gold-Molybdenum

Page 21: Asx annoucement agm presentation 21.11.11

Irak Prospect : Porphyry Copper-Gold

3D-IP Geophysical Survey

Page 22: Asx annoucement agm presentation 21.11.11

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.

Page 23: Asx annoucement agm presentation 21.11.11

Mal Porphyry Copper-Gold District

Interpreted Structures on SRTM Topographic Image

Page 24: Asx annoucement agm presentation 21.11.11

3D-IP Geophysical Surveys Completed in 2011

Page 25: Asx annoucement agm presentation 21.11.11

Giwi Porphyry Copper-Gold District

3D-IP Geophysical Surveys

Page 26: Asx annoucement agm presentation 21.11.11

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.

Cortech engineer commissioning the track mounted

DSC800C QRL employee taking inventory of drilling rods

CSD500C in foreground with company Hilux in background

Page 27: Asx annoucement agm presentation 21.11.11

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.

Mt Hagen has highway access to the port cities of Lae and

Madang and has been established as the Company‟s

logistical base.

Location & Infrastructure

Image showing crawler with crane being utilised to

unpack core trays from the container

HINO tray back truck Back up Generator Bull dozer will be used to cut the track to site

Page 28: Asx annoucement agm presentation 21.11.11

Tekem Camp Site

Employees taking inventory of supplies

Tekem Exploration Camp : West Wing under construction

Tekem Geologists & Drillers Quarters

QRL Mechanic connecting hoses on rig

Page 29: Asx annoucement agm presentation 21.11.11

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.

Page 30: Asx annoucement agm presentation 21.11.11

Proposed Access Track

Page 31: Asx annoucement agm presentation 21.11.11

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.

Page 32: Asx annoucement agm presentation 21.11.11

Blue Sky ELA‟s in Milne Bay

Page 33: Asx annoucement agm presentation 21.11.11

Blue Sky ELA‟s in New Britain

Page 34: Asx annoucement agm presentation 21.11.11

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).

Page 35: Asx annoucement agm presentation 21.11.11