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Connecting investors to opportunities www.symposium.net.au Duncan Chessell Executive Chairman

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Page 1: Duncan Chessell  Endeavour Discoveries

Connecting investors to opportunities www.symposium.net.au

Duncan Chessell Executive Chairman

Page 2: Duncan Chessell  Endeavour Discoveries

AUD$3M=£2M, £1=AUD$1.54 AUD$1= USD$1.03

February 2013 Investor Presentation

$5 M Capital Raise 4-22 Feb 2013 Investor Presentation v31-1-13

Page 3: Duncan Chessell  Endeavour Discoveries

Disclaimer

Disclaimer

This document has been prepared by Endeavour Discoveries Limited (“EDV”, “Company”) and provided as a basic overview of the tenements

held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or any other

party may require to evaluate the prospects of the Company.

None of the Company, any of its related bodies corporate or any of their representatives assume any responsibility for, or makes any

representation or warranty, express or implied, with respect to the accuracy, reliability or completeness of the information contained in this

document and none of those parties have or assume any obligation to provide any additional information or to update this document.

To the fullest extent permitted by law, the Company, its related bodies corporate and their representatives expressly disclaim liability for any

loss or damage arising in respect of your reliance on the information contained in this document (including your reliance on the accuracy,

completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from

negligence.

The mineral tenements of the Company as described in this presentation are at various stages of exploration, and potential investors should

understand that mineral exploration and development are high-risk undertakings.

There can be no assurance that exploration of the Tenements, or any other tenements that may be acquired in the future, will result in the

discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically

exploited.

This document contains statements which may be in the nature of forward-looking statements. No representation or warranty is given, and

nothing in this presentation or any other information made available by the Company or any other party should be relied upon as a promise or

representation, as to the future condition of the respective businesses and operations of the Company.

Not a Disclosure Document

The investment opportunity outlined in this basic company overview, is not a “prospectus” or a “disclosure document” and as such does not

contain all the information that a full “prospectus” or a “disclosure document” would include. This overview is intended for: sophisticated

investors; professional investors; person(s) or entities who already hold an interest in securities in “EDV”, “the company”, Endeavour

Discoveries Ltd; or persons associated to “the company”. This is not a public offering.

Unlisted

The company is currently an unlisted Australian Public Company. Whilst at the time of preparation the intention of the Directors is to list the

company on the ASX as soon as market conditions are conducive to an IPO, this can not be guaranteed. Market conditions may not improve

or other factors may change the current intention to list the company. The ASX and/or ASIC may find fault and prohibit listing. A risk exists,

that the company may never list and you could lose all your funds invested, should the opportunity of an offer arise. This is not an offer

document.

Page 4: Duncan Chessell  Endeavour Discoveries

Projects

Drill Targets ¨ Multiple drill targets beneath shallow high grade and wide

historical gold intercepts: 21g/t Gold, 25km untested on strike

¨ Multiple nickel sulphide drill targets from airborne EM survey

Domicile ¨ Conducive regulatory environment; low sovereign & political risk

¨ Suitable climate for uninterrupted exploration

Location ¨ Tenements are 100% unencumbered and have proven potential, yet

are relatively underexplored in highly prospective Gawler Craton

¨ Excellent infrastructure with easy rail and road access

¨ Logistics enable maximising dollars on ground; 600km from HQ

¨ BHP, Rio, Mungana Gold Mines and Kingsgate are proximal

neighbours

Ground

Holdings

¨ Large continuous ground holding in prime Gawler Craton (6,145km2)

¨ Highly prospective for metals: Au, Ni, Cu, U, IOCG, Fe, Sn, Pb, Zn

¨ Two drill-ready Uranium prospects

¨ Uranium spin off company potential (Endeavour Uranium Pty Ltd)

The Company ¨ Fresh company, with experienced and ambitious management

¨ Zero long-term debt; no liabilities

¨ Well thought-through execution strategy

¨ Motivated leadership team based locally, building a reputation

¨ Small market capitalisation; aim to create value by real results

Management ¨ Extensive geological, exploration, mining and logistics expertise

¨ Strong operational expertise with previous discoveries

¨ Experience of the financial services industry

¨ Outstanding leadership skills proven in extreme environments

Economic

Drivers

¨ World economy expected to recover medium term

¨ With central banks still striving to weaken their respective currencies,

demand for gold is expected to remain strong; demand for uranium is

set to double in medium-long term.

Page 5: Duncan Chessell  Endeavour Discoveries
Page 6: Duncan Chessell  Endeavour Discoveries

The Opportunity

5.5

times

increase

in Gold

since

1998

MIM drops Lake Labyrinth

Gold Prospect and all

precious metal exploration

due to decreasing prices

EDV acquires Lake

Labyrinth project

2012 No exploration for gold

(focus on other commodities) 1998: Gold $280/oz

Current $1,660/oz

Page 7: Duncan Chessell  Endeavour Discoveries

1m@770ppb Au EOH

1m@350ppb Au EOH

100ppb Au

50ppb Au

Cross section CW1 – CW18 (aircore)

20m

-20m

-40m

50m

Potential for multiple shallow gold positions UNTESTED

RC drillhole CW20

[email protected]/t Au

incl [email protected]/tAu

High Grade Gold Intercepts

at shallow Depths

Cross section CW20 (RC)

Lake Labyrinth prospect: Tarcoola Project

Page 8: Duncan Chessell  Endeavour Discoveries

Lake Labyrinth prospect: Tarcoola Project

Cross Section LL41 and LL35 (RC)

96m

120m

80m

[email protected]/tAu

Incl [email protected]/tAu

[email protected]/tAu

[email protected]/tAu

Incl [email protected]/tAu

Untested down

dip and along strike 50m

-50m

-100m

GOLD ZONE

Elevated gold at EOH: 4m@>0.1g/t Au

Page 9: Duncan Chessell  Endeavour Discoveries

Opportunity

New exploration method for Gold exploration

developed by Endeavour Discoveries via

- collaborative R&D program with Adelaide University

- application of modern geophysical techniques

- remnant alteration mapping

- historic data analysis

- geochemistry

- mapping

Layers of information

New drill targets

Page 10: Duncan Chessell  Endeavour Discoveries

Opportunity

Gold & Nickel potential at Tarcoola

- ignored for other commodities by

previous explorers

- 2001 Government AEM survey with 30

Nickel drill targets “lost” in archives

- 2012 EDV wins $80,000 Govt Grant to

drill Nickel targets

Uranium projects in suspension

-potential to spin off

Page 11: Duncan Chessell  Endeavour Discoveries

The Deal

People

Position Price

Projects

Plan

Page 12: Duncan Chessell  Endeavour Discoveries

Target commodities have early value step realisation

in project life cycle

Price

Strategy 2013 • raise A$5M unlisted for 3 to 12 months

drilling operations

• Work towards a VALUE STEP via real

results

• LIST at the right TIME (market

conditions)

Use of funds: GOLD 80% + Nickel 20%

INVESTOR DEAL $5M equity @ A$0.16 / ordinary share

The bonus: 1 free option for every 2 new shares, exercisable @ A$0.16

Offer opens : 4th February

Offer Closes : 22nd February 16c option valid for 12

months

Share

Price

Page 13: Duncan Chessell  Endeavour Discoveries

Capital Structure

Cornerstone Capital Raising A $5M

Current shares issued 28M

New shares @16cents *plus 1 for 2

option 31.3M

Total issued shares post this raise

would be 59M

Cash backing per share estimated 11c

New shares – ‘cornerstone raise’ 53%

Capitalisation @ $0.16 $9.5 M

Estimated Cash at Bank

(After costs raise) $5.0 M

EV (Implied pre new money) $4.5 M

INVESTOR DEAL $5M equity @ A$0.16 / ordinary share

The bonus: 1 free option for every 2 new shares, exercisable @ A$0.16

Offer opens : 4th February

Offer Closes : 22nd February 16c option valid for 12

months

Page 14: Duncan Chessell  Endeavour Discoveries

People – Board Members

Executive Chairman

Duncan Chessell, BSc

Geologist, entrepreneur, triple Everest summiter

Technical Director (Exploration)

Jim McKinnon-Matthews, BSc(Hons)

20 years’ geologist and multiple discoveries

Technical Director (Mining)

Jonathon Trewartha BEng

20 years’ mining engineer

Director

Gerard Pagliaro BA

30 years in finance and business

Page 15: Duncan Chessell  Endeavour Discoveries

Position

Contemporary

Olympic IOCG

domain

BHP has increased its tenure

from 2,500km2 to 22,000km2 in

one year, largely outside the

contemporary IOCG domain.

BHP purchased $30M worth of

EL’s from juniors in the

process, valuing ground at

$1,500/km2.

EDV’s tenure of 11,884km2 @

$1,500/km2 multiplies to $18M.

IVR: Paris

silver

discovery

2011

Rex Minerals,

Hillside deposit

IOCG

Challenger Gold Mine

>1.7M oz Au

Tarcoola

Deposits

>200,000 oz Au

Area under

license

Carapeteena

Prominent Hill, OzMinerals

Adelaide New exploration

release area

EDV Tenements

BHP Tenements

Tunkillia Deposits

803,000 oz Au

Pertinent facts

•Gawler Craton is 100%

pegged

•Potential to pickup projects

from cash strapped juniors

•Deposits associated with

Olympic Dam are expected

BHP’s

Olympic Dam

EDV valuation

in this deal

$4.5M

Page 16: Duncan Chessell  Endeavour Discoveries

Raise $5M

• Phase One • Geophysics programs & extensive drill

testing – Tarcoola

• Drill testing Lake Labyrinth prospect

$

• Leadership, admin, overheads Setup costs Ops equipment

• Phase Two cont.

• Drill testing – Tarcoola

• Geochem Musgrave

• Geophysics Tarcoola

• Follow up drilling phase 1 & 2 results

$2.5M *option

Plan

Review

• Geology

• Market conditions

• Decision to list via IPO

option

Review

• Geology

• Market conditions

• Decision to list via IPO

option

2013 2014 2012

Full scale exploration

This plan is subject to raising sufficient capital, to carry out the program, this can not be guaranteed. Current date

Current date

Page 17: Duncan Chessell  Endeavour Discoveries

Company Structure

Endeavour Discoveries Ltd

Endeavour Copper Gold Pty Ltd

Tarcoola EL's

Musgrave EL's

Roxby EL's

Endeavour Uranium Pty Ltd

Marree EL's

Opportunity to spin off

Uranium assets into new

SPV with Uranium rights

across all other

tenements and Marree

project

Page 18: Duncan Chessell  Endeavour Discoveries

Exploration Plan

Program Cost % Coverage or meters target Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2013 2014

Lake Labyrinth/Tarcoola Project Drill Targets

Air core drilling $850K 17% 18,000m Au

RC Drilling $700K 14% 7,000m Ni, Au

Diamond Drilling $400K 8% 1,500m Ni, Au

Air Mag $450K 9% 2,200km2 @ 50m spacing Au

Ground surveys, mapping, recce, heritage clearances

Ground EM, Site prep $380K 8% Heritage clearances, Access

Rehabilitation, environment, Ni, Au

Other Projects $150K 3% Tenement Rental, basic mapping Cu, Ni, U

Staff (all), admin, operations, assets

Operations staff $1.3M 26% Geologists, field assistants, logistics staff + food, fuel, accom

15 months

Operations Assets $280K 5% vehicles, tools, equipment, One time

Admin (non field) $490K 10% Office rent, board fees, accountants, audit, admin

15 months

Total $5M Estimate completing fund raising by the end of February 2013

Drilling Target generation (non-drilling)

This budget represents the first 1.3 years of a 2 year plan, with first tranche of funds available at 1st March 2013.

Would allow for aggressive exploration, with drilling planned for every quarter.

Page 19: Duncan Chessell  Endeavour Discoveries

Questions ?

Page 20: Duncan Chessell  Endeavour Discoveries
Page 21: Duncan Chessell  Endeavour Discoveries
Page 22: Duncan Chessell  Endeavour Discoveries
Page 23: Duncan Chessell  Endeavour Discoveries
Page 24: Duncan Chessell  Endeavour Discoveries

Lake Labyrinth prospect: Tarcoola

Project Multiple significant shallow

gold intercepts incl:

[email protected]/tAu within

[email protected]/tAu

Multiple shallow gold

intercepts incl:

[email protected]/tAu and

[email protected]/tAu

Poorly tested gold bearing

Structure over 25km. 100%EDV

Tarcoola Project

20km

Page 25: Duncan Chessell  Endeavour Discoveries

High Priority

Target Areas

Bellbird - [email protected]/tAu

2nd Order Structure

1st Order Structure

[email protected]/tAu

ELA2012/275

Lake Labyrinth prospect: Tarcoola

Project

20km

Tarcoola Project

Page 26: Duncan Chessell  Endeavour Discoveries

Lake Labyrinth prospect: Tarcoola

Project

CW80: [email protected]/t Au

from 16m

LL45: [email protected]/t Au

from 38m

LL22: [email protected]/t Au

from 8m (EOH sample)

LL42: [email protected]/t Au

from 46m

LL35: [email protected]/t Au from

10m and [email protected]/t Au from 64m

LL41: [email protected]/t Au from

36m incl [email protected]/t Au from 83m

LL37: [email protected]/t Au

from 32m and;

LL39: [email protected]/t Au

from 44m

CW20: [email protected]/t Au

from 26m

CW7: [email protected]/t Au

from 20m (EOH sample) CW38: [email protected]/t Au

from 20m

1km

Page 27: Duncan Chessell  Endeavour Discoveries

1m@770ppb Au EOH

1m@350ppb Au EOH

100ppb Au

50ppb Au

Cross section CW1 – CW18 (aircore)

20m

-20m

-40m

50m

Potential for multiple shallow gold positions UNTESTED

RC drillhole CW20

[email protected]/t Au

incl [email protected]/tAu

High Grade Gold Intercepts

at shallow Depths

Cross section CW20 (RC)

Lake Labyrinth prospect: Tarcoola Project

Page 28: Duncan Chessell  Endeavour Discoveries

Lake Labyrinth prospect: Tarcoola

Project Cross Section LL41 and LL35 (RC)

96m

120m

80m

[email protected]/tAu

Incl [email protected]/tAu

[email protected]/tAu

[email protected]/tAu

Incl [email protected]/tAu

Untested down

dip and along strike 50m

-50m

-100m

GOLD ZONE

Elevated gold at EOH: 4m@>0.1g/t Au

Page 29: Duncan Chessell  Endeavour Discoveries

Acraman Project (Southern Tarcoola Project)

Doray Minerals ASX release

16 May 2012 Sheoak (Au) - historic8m @ 1.00g/t and 22m @ 1.08g/t

34m @ 0.42g/t including 2m @ 2.08g/t and 6m @ 0.95g/t

24m @ 0.40g/tBimba (Au) - historic28m @ 0.65g/t, including 8m @

1.25g/t

36m @ 0.4g/t, including 4m @ 1.4g/t

24m @ 1.14g/t, including 8m @ 1.97g/t and 2m @ 0.96g/t and 6m @

1.08g/t IVR: Paris silver

discovery 2011

Possible to exceed *50M

oz Silver *not yet declared – back of the envelope #’s

BHP tenure

Lakes

EDV EL

Lake

Acraman Formed by

meteorite impact

EDV ELs

EDV EL

Gold and Silver

•Targeting the margin

of Gawler Range

Volcanics.

•VMS or epithermal

structurally controlled

gold mineralisation.

•Same age

mineralisation event as

Olympic Dam,

Prominent Hill,

Carapateena, Tarcoola

and Tunkillia

EDV EL

EDV EL

EDV EL

Page 30: Duncan Chessell  Endeavour Discoveries

Musgrave Project

Area of interest

•Potential for Gold

•Historic copper discovery - never drilled

•Proximal to graben (mineralising fluids)

•Potential for hydrothermal mineralisation

•Mis-mapped geology (Allcurra_Giles)

•Potential for Giles complex

•Potential for PGE, massive Ni sulphides

Exploration Plan

1. Mapping

2. Geochem

sampling outcrop

3. Prioritise survey

area

4. Airborne EM

survey

Pertinent Facts

1.Rail and highway

through EL

2.Not APY lands

3.Under explored

4.Shallow cover

5.Can use direct

targeting tools

(AEM) to vector

quickly Background Image: Regional TMI (Magnetics)

Page 31: Duncan Chessell  Endeavour Discoveries

Roxby Too Project

Target

one

Target

two

Background image: regional gravity, with dark blue dashed lines outlining

magnetic anomalies

Olympic

Dam

Pertinent Facts

•No drill holes have tested basement

in our tenements

•Endeavour’s EL4911 is situated only

21km from BHP’s Olympic Dam

•Little drilling has been completed in

the area despite co-incident gravity

and magnetic features adjacent and

encroaching into our project area

•Two potential targets

•While the tenement is only 74km2,

the current Olympic Dam mine is

smaller in size

Exploration plan

Due to thick cover and

wide spaced historic

gravity data a new

close spaced gravity

survey is planned prior

to final approval to

diamond drill test the

two targets

Rumoured

major new

discovery

by BHP @

Wirrda Well

Gravity image

Page 32: Duncan Chessell  Endeavour Discoveries
Page 33: Duncan Chessell  Endeavour Discoveries
Page 34: Duncan Chessell  Endeavour Discoveries

Marree Uranium Project

Conceptual Tertiary Roll Front

Uranium Project

Drill targets “Wolverine” and “Dingo”

identified

Anomalous Gamma Logs recorded from

wide spaced (>1km) regional historic

drilling on EDV project area

EDV with “first mover” advantage with

RIO Tinto on adjacent ground exploring

for Uranium

Potential for new roll front uranium

province

Recent Geoscience Australia sponsored

AEM survey supports the model

Drill

Targets

EDV

EL’s

Rio Tinto

After EDV