For personal use only Aussie Q Resources Limited ASX: AQR An - - PowerPoint PPT Presentation

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1 For personal use only Aussie Q Resources Limited ASX: AQR An Emerging Molybdenum & Copper Explorer Investor Presentation July 2010 Investor Presentation July 2010 2 Corporate Overview Corporate Overview For personal use only Capital

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Aussie Q Resources Limited ASX: AQR

An Emerging Molybdenum & Copper Explorer

Investor Presentation

July 2010

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Corporate Overview

Investor Presentation July 2010

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Corporate Overview

  • Aussie Q Resources (ASX:AQR)
  • 128 822 589 shares on issue

Capital Financials

  • Strong Cash position – $2.5 million
  • Market Capitalisation

~$53 million

  • 128,822,589 shares on issue
  • Market Capitalisation – ~$53 million

Shareholders (July 2010)

  • Goody Investments Pty Ltd – 27.43%
  • SLG Australia Pty Ltd

8 54%

  • SLG Australia Pty Ltd – 8.54%
  • Washington H Soul Pattinson – 4.9%
  • Mr Thomas Mann & Mrs Catherine Mann

(Mann Super Pension Fund A/c) – 3.88%

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Share Price Chart – Year to date

Investor Presentation July 2010

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Share Price Chart Year to date

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An experienced Board – geological and corporate skills in place

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Investor Presentation July 2010

An experienced Board geological and corporate skills in place

Thomas Mann

  • Mr. Mann has over 30 years experience in financial markets and global trade

Non-executive Chairman y p g having established a global trading corporation with offices in North America, and the Asia-Pacific. Mr. Mann has been actively involved in capital raising and strategic development initiatives for public and private companies and is a director of ASX listed Resources and Investment NL. John Goody Executive Director of Exploration A member of the Geological Society of Australia, Mr. Goody has over 40 years experience in the mining industry. Responsible for the successful development

  • f a range of projects throughout Australia, Papua New Guinea, Vanuatu,

Philippines, China and Chile Sydney Griff Non-Executive Director

  • Mr. Griff has over 40 years experience in the Mining and Resources sector in

Australia and abroad. Has been involved in the corporate and operational development of a range of successfully developed ASX listed companies.

  • Dr. Richard Haren

Non-Executive Director

  • Dr. Haren has over 20 years project management experience in minerals

exploration and mining sector. A corporate member of the Australian Institute

  • f Mining & Metallurgy, Society of Exploration Geophysicists, holds First Class

Honours Degree and University Medal In Physics, and a PhD in Exploration G h i f UNSW Geophysics from UNSW. Edgar G. Newman Independent Director

  • Mr. Newman has over 33 years experience in the mining and exploration
  • industry. Since 1982, he has been involved in feasibility studies, design,

construction and commissioning of several mining and processing operations in Australia and Papua New Guinea. Has designed and supervised metallurgical investigations on projects in Australia, Papua New Guinea, USA, Mexico and Dominican Republic.

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Investor Presentation July 2010

M l bd A G th M k t Molybdenum – A Growth Market

Molybdenum (Mo) is known for its heat resistant properties and is used in a broad Molybdenum (Mo) is known for its heat resistant properties and is used in a broad range of industrial applications …Current usage driving demand – aligned with growth industries

  • Energy Sector – Offshore drilling, pipeline

gy g fabrication, power plant construction

  • Steel Production – increasing in

emerging markets emerging markets

  • Fabrication – consumers restocking raw

materials

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P j t O i R b ll R i

Investor Presentation July 2010

Project Overview – Rawbelle Region

100% ownership of 900km2 Molybdenum and Copper leases - near Monto, Central QLD y

Anomoly 7B Kiwi Carpet Prospect N dd ’ C k Noddy’s Creek Juicy Fruit Project Whitewash Project Kildare Project Trevethan Bulls Eye

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Whit h M l bd /C P i it P j t

Investor Presentation July 2010

Whitewash Molybdenum/Copper Priority Project

  • AQR’s flagship Project and immediate focus
  • AQR s flagship Project and immediate focus
  • 71.5mt JORC inferred resource
  • High grade Molybdenum/Copper

mineralisation – open in all directions

  • Extensive drilling program underway –

g p g y 127 holes completed to date 41,000 metres of drilling completed

  • AQR is expanding known area of

AQR is expanding known area of Molybdenum/Copper mineralisation

  • Located in the Rawbelle Region – 34km

from Monto Southern Queensland from Monto, Southern Queensland

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Whitewash Project - Growing Resource Base

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Investor Presentation July 2010

Whitewash Project Growing Resource Base

Pl d d f t 71 5 t t Planned upgrade of current 71.5 mt resource to include results from Whitewash South

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2010 d illi Whit h S th Hi hli ht

Investor Presentation July 2010

2010 drilling - Whitewash South Highlights

  • Established area of mineralisation open in all directions
  • Established area of mineralisation open in all directions

– New dimensions 500m by 350m and at depth of 647.5m

  • Diamond and reverse circulation (“RC”) rigs on site and
  • perational
  • perational
  • 48 holes completed – 23 holes assayed
  • Higher grade Molybdenum and Copper encountered

Diamond and RC drill rig at Whitewash South

  • Higher grade Molybdenum and Copper encountered
  • Geological “look-a-like” one of world’s largest Molybdenum

deposits – Henderson Project in Colorado, United States

South

  • Whitewash Project demonstrates potential for open-cut scenario
  • Planned expansion of Whitewash/Gordons Resource base to

incorporate assays from Whitewash South incorporate assays from Whitewash South

Hole 99D: Crackle breccia at 103m. This section assayed Molybdenum: 0.27% (2710 ppm) (2710 ppm)

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Recent Activity –

Investor Presentation July 2010

Recent Activity – Whitewash Project

Hole 136

  • New drilling has connected

high grade molybdenum and

Hole 135

high grade molybdenum and copper mineralised systems at Whitewash and Whitewash South

Hole 134

  • Expand established area of

mineralisation across 2km strike length strike length

  • 41,000m of drilling completed

to date – ~20,000m planned for upcoming program

  • Resource remains open in all

directions and at depth directions and at depth

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2010 Drilling program – Whitewash South Results

Investor Presentation July 2010

2010 Drilling program – Whitewash South Results

Hole105D: 100m@ 503ppm Mo Hole99D: Hole115: 12m@957ppm Hole 111D: 23m@1241ppm Hole 114: 31m@509ppm 503ppm Mo, 0.09% Cu 100m@ 601ppm Mo, 0.11%Cu Mo, 0.22% Cu Hole 106D: 9m@910ppm Mo, 0.13%Cu Mo, 0.13% Cu Mo, 1.7% Ag Hole102: 100m@ 497ppm Mo, 0.05% Cu Hole98D: 108m@ 505ppm Mo, 0 17% Cu 0.17% Cu Hole 90: 79m@ 482ppm Mo, 0 15% Cu Hole 97D: 121m@ 856ppm Mo, Hole 94D: 131 7m@ 0.15% Cu 856ppm Mo, 0.14% Cu Hole 96D: 115.6m@ 517ppm Mo, Hole 91: 13m @397ppm Mo, 131.7m@ 816ppm Mo, 0.17% Cu Hole101: 132m@ 430ppm Mo, 517ppm Mo, 0.17% Cu Hole95D: 110m@503pp m Mo, 0.22% @397ppm Mo, 0.32% Cu 430ppm Mo, 0.19% Cu Cu

The results included represent the aggregate Mo and Cu grades received from each of the drill holes assayed to date. This information has been lodged with the ASX since the drilling program at Whitewash South commenced in December 2009.

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Drilling results – Whitewash South

Investor Presentation July 2010

Drilling results – Whitewash South Core results from diamond drill hole 94 demonstrate strong Core results from diamond drill hole 94 demonstrate strong Molybdenum/Copper mineralisation

Drill Hole 94 @ 91m - Polymict Drill Hole 94 @ 98.5m - Polymict Drill Hole 94 @ 331m - Crackle milled breccia with the Moly matrix milled breccia with the Moly matrix breccia with the Moly and Copper veins.

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Future exploration targets – Gordons “look-a-likes”

Investor Presentation July 2010

Future exploration targets – Gordons look-a-likes

  • Whitewash South first of four identified

Gordons

Whitewash South first of four identified features stretching 2km South of Whitewash Similar in geological setting to Gordons topographical knob

IP Chargeability Anomaly – Juicy Fruit Whitewash

Gordons topographical knob High Copper and Molybdenum soil geochemical anomalies Quartz outcrop

Juicy Fruit South Whitewash South Gordons with

Quartz outcrop

  • Remaining three Gordons “look-a-likes”

to be targeted - Orange Hill, Lemon Hill

Orange Hill

Complex l

collapse breccia

and Windmill Hill

  • Gordons geology comparable with one

f ld’ l t M l bd d it

Lemon Hill

magnetic low reflecting granite, breccia and alteration

  • f world’s largest Molybdenum deposits

– Henderson Mine, Colorado, United States

Windmill Hill Collapse Breccia

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Future exploration targets – Juicy Fruit South

Investor Presentation July 2010

Future exploration targets – Juicy Fruit South

  • IP anomaly identified at Juicy Fruit

South

  • Juicy Fruit South to be significant

future exploration focus – currently underexplored

  • Focus on determining extent of

anomaly

  • Historical drilling results revealed

960ppm Copper 960pp Coppe 280ppm Molybdenum

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Advanced Project Portfolio

Investor Presentation July 2010

Advanced Project Portfolio

Juicy Fruit advanced Project – Molybdenum/Copper

Located North of primary Whitewash Project Area of 1km by 1km 6 RC drill holes completed – revealing high grade Molybdenum intercepts Further drilling planned for Juicy Fruit and Juicy Fruit South

Kildare Advanced Project – Molybdenum/Copper/tungsten

Identified large soil geochemical anomaly measuring 30km2 8 drill holes completed - strong copper and molybdenum mineralisation similar to Whitewash

Noddy’s Creek advanced Project - Molybdenum/Copper/tungsten

Located 5km north of Whitewash Central zone tested with shallow drill hole – averaged 0.25% Copper and 130ppm Molybdenum Extensive geochemical exploration program identified large target area in excess of 1.6km by 1.25km

  • pen in all directions

2 RC drill holes complete

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Advanced Project Portfolio

Investor Presentation July 2010

Advanced Project Portfolio

Kiwi Carpet Advanced Project - Molybdenum/Copper/tungsten Rock chip sampling revealed widespread copper mineralisation in excess of 0.1% 20 drill holes completed encountering copper mineralisation of similar grades to whitewash Mapping sampling and analysis is ongoing RC and diamond drilling to be undertaken Bulls Eye Magnetic anomaly identified Trevethan – Gold Anomoly 7B – Copper/Zinc Anomoly 7B Copper/Zinc

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M l bd k t i

Investor Presentation July 2010

Molybdenum market overview

…Supply - Demand fundamentals driving Molybdenum Prices

  • Tight supply - global Molybdenum supplies reduced due to

underinvestment in key projects as credit markets tightened in underinvestment in key projects as credit markets tightened in 2008/09

  • New Molybdenum mines are required to meet expected supply

h tf ll shortfall

  • Strong demand - Molybdenum demand strengthening due to

increasing global steel fabrication, stainless steel production and usage in power reactors

  • Steel production accounted for 70% of global Molybdenum

demand in 2009* demand in 2009

  • China and India key demand drivers – China has accumulated

22% of global Molybdenum stockpiles**

*CPM Group Molybdenum reception at the 2010 PDAC – Molybdenum market Outlook. March 2010

**Steel Orbis electronic marketplace Inc. China’s Molybdenum inventory exceeds 45,000mt. 01 April, 2010

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Investor Presentation July 2010

M l bd k t i

…other factors driving demand

Molybdenum market overview

…other factors driving demand

  • Relative energy supply scarcity - build out in energy infrastructure required
  • Industrialization of emerging markets

boosting raw material demand

  • Industrialization of emerging markets - boosting raw material demand.

…Global Molybdenum prices steadily increasing

  • Significant increase in global Mo prices in last year

– Trading at USD ~$17/lb today

  • Bullish structural trends – price increase to

continue in 2011/12*

  • Launch of LME Molybdenum futures contract in

y Feb 2010 – supporting increased investment

*CPM Group Molybdenum reception at the 2010 PDAC – Molybdenum market Outlook. March 2010

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Access to infrastructure

Investor Presentation July 2010

Access to infrastructure

Withi 25k f t j t i

  • Within ~25km of two major water reservoirs
  • High-voltage power transmission lines pass through Whitewash

L l kill d l b f

  • Local skilled labour force
  • Sealed road and rail line through Monto – extending to coast

2km off sealed all weather highway

  • 2km off sealed, all weather highway
  • 20km from recently upgraded rail line with 1Mtpa capacity

150km by rail to Gladstone deepwater port

  • 150km by rail to Gladstone deepwater port
  • Major mining service providers servicing nearby Bowen Basin coal industry
  • Nearby regional airport serviced by Qantas
  • Nearby regional airport serviced by Qantas

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Investment summary and upcoming activity

Investor Presentation July 2010

Investment summary and upcoming activity

  • Ready to proceed

identify joint venture partners to accelerate development

  • Ready to proceed - identify joint venture partners to accelerate development
  • Well funded to ramp up exploration on priority projects
  • Strong Board and technical team in place
  • Growing resource base – planned resource upgrade
  • Molybdenum market fundamentals supporting prices
  • Future drilling activity to significantly extend established area of mineralisation at Whitewash

Project Project

  • Whitewash Project favourable for open cut scenario
  • Exploration to progress on other highly prospective projects
  • Exploration to progress on other highly prospective projects
  • Good access to established infrastructure

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C t t d t il

Investor Presentation July 2010

Contact details

Aussie Q Resources Limited Aussie Q Resources Limited John Goody - Executive Director, Exploration Level 1, 27-29 Crombie Ave Bundall QLD 4217 Tel: +61 7 5574 3830 Fax: +61 7 5574 3568 www.aussieqresources.com.au info@aussieqresources.com.au Tony Sheridan – Consultant Advisor Investor First Securities (02) 8274 6000 (02) 8274 6000

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I t t I f ti

Investor Presentation July 2010

Important Information

This document has been prepared by Aussie Q Resources Limited (AQR) for the purpose

  • f providing a comprehensive company and technical overview to interested analysts and

investors. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any commitments, representations or warranties by AQR or its directors, agents and employees. Except as required by law AQR shall in no way be liable to any person or body for any loss, claim, or in connection with the information contained in this document. This document includes certain statements, opinions, projections, forecasts and other , p , p j , material which reflect various assumptions. The assumptions may or may not prove to be correct. Recipients of this document must make their own independent investigations, consideration and evaluation By accepting this document the recipient agrees that if it consideration and evaluation. By accepting this document the recipient agrees that if it proceeds further with its investigations, consideration or evaluation of investing in the Company it shall make and rely solely upon its own investigations and enquiries and will not in any way rely upon this document. AQR recommends that all potential investors consult their professional advisor/s as an AQR recommends that all potential investors consult their professional advisor/s as an investment in the Company is considered to be speculative in nature.

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Consent of a Competent Person The information in this presentation that relates to exploration results or estimates of mineral resources in Queensland is based on information compiled by the Company under the supervision of Dr Richard Haren who is a Member of the Australasian Institute of Mining and supervision of Dr. Richard Haren who is a Member of the Australasian Institute of Mining and Metallurgy and who has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Richard Haren is a self employed consultant who works for Aussie Q Resources Limited and has consented to the inclusion in this report (presentation) of the matters based on his information in the form and context in which it appears. Dr Richard Haren is a Director of Aussie Q Resources Limited. Richard Haren PhD, MAusIMM

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