AUSQUEST LIMITED — Investor Presentation 2013

Oct 2, 2013

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3 Large Fraser Range Nickel-Copper Targets for Drilling

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Alpha

Beta

Omega

8 Large Peru CopperGold Targets for Drilling

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Lana

I N V E S T O R P R E S E N TAT I O N October 2013

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I N T R O D U C T I O N

• Focus on large provincial Nickel-Copper plays

• 3 Large Fraser Range Ni-Cu targets to be drilled Dec 2013 – Jan 2014

• 8 Large Copper-Gold targets to be drilled in Peru throughout 2014

• High impact / low overheads exploration

• Enterprise Value $2.8m. Huge leverage to success

• Partnered with large international mining house (Cliffs Natural Resources) in Peru

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C A P I TA L S T R U C T U R E

AusQuest Limited Shareholders ASX Code AQD Chris Ellis (NED) 7.1% Shares on Issue 160 million Hamersley Holdings (Rio Tinto Plc) 6.5% Top 20 36% Options on Issue[1 ] 8 million Market Cap. (at 2.3 cents) $3.7 million Directors Cash (31 Aug 2013) $0.9 million Greg Hancock Non Exec. Chairman Graeme Drew Managing Director Debt Nil John Ashley Non Exec. Director Enterprise Value $2.8 million Chris Ellis Non Exec. Director

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1. Volume weighted exercise price of 24 cents and volume weighted time to expiry 11 months
3,000,000 $0.08
$0.07
2,500,000
$0.06
2,000,000
$0.05
1,500,000 $0.04
$0.03
1,000,000
$0.02
500,000
$0.01
0 $0.00
AQD Share Price
Volume (shares traded per day)
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- T H R E E L A R G E F R A S E R R A N G E N I C U T A R G E T S

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80km
Dundas
Project
(100%
AQD)
Tenement
Package
Dundas
Project The 3
(100% Alpha, Beta,
AQD) Omega
Tenement Anomalies
Package
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A L P H A D R I L L T A R G E T - F R A S E R R A N G E

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ALPHA
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100% AQD Tenements Mafic/ultramafic rocks from RAB drill results RAB Drill Coverage EM Drill Target

• Defined by a combination of groundbased fixed loop EM and soil sampling surveys

• Strong discrete conductor

• Strike length 400m, target depth 100m

• To be drilled Dec 2013 – Jan 2014

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O M E G A D R I L L T A R G E T - F R A S E R R A N G E

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OMEGA
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100% AQD Tenements Mafic/ultramafic rocks from RAB drill results RAB Drill Coverage EM Drill Target

• Defined by a combination of groundbased fixed loop EM and soil sampling surveys

• Strong discrete conductor

• Strike length 400m, target depth 150m

• To be drilled Dec 2013 – Jan 2014

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B E T A D R I L L T A R G E T - F R A S E R R A N G E

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BETA
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100% AQD Tenements Mafic/ultramafic rocks from RAB drill results RAB Drill Coverage EM Drill Target

• Defined by a combination of groundbased fixed loop EM and soil sampling surveys

• Strong discrete conductor

• Strike length 800m, target depth 50m

• To be drilled Dec 2013 – Jan 2014

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E I G H T L A R G E P E R U C U - A U D R I L L T A R G E T S

8 Prospects	AQD %	Partner	Manager
Lana	100	-	AQD
El Jaguay	100	-	AQD
Azucar	100	-	AQD
Pinguino	100	-	AQD
Cerro de Fierro	30 *	Cliffs	AQD
Colorada	30 *	Cliffs	AQD
Cardonal	30 *	Cliffs	AQD
Puite	30 *	Cliffs	AQD

COPPER GOLD TARGETS IN PERU

* CNRE election to sole fund drill programs to secure 70% equity or return 100% to AQD.

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P E R U – T H E P L A C E T O B E

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• Excellent copper pedigree

• Contains some of the world’s largest copper deposits

• The world’s third largest copper producer – 1250ktpa Cu and rising

• A mining friendly jurisdiction encouraging exploration

• Comparatively under explored especially in covered areas

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T A R G E T I N G P O R P H Y R Y C O P P E R / I O C G S

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• Major producers of copper (70% global production)

• • Large scale low cost mines with mine lives in the decades

• Attractive exploration targets – large footprint – Elephant country – Deposits occur in clusters

• “

• • Find one and there are likely to be more ”

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R I G H T A R E A – R E A D Y F O R D R I L L I N G

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Cerro de Fierro
IOCG Target
Drill ready
Lana
IOCG Target
Drill ready
Pinguino
Porphyry Cu &
IOCG Targets
El Jaguay-Azucar
2 Magnetic Targets
Drill ready
Colorada, Cardonal, Puite
3 Porphyry Cu Targets
Drill ready
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U N D E R C O V E R – T H E R E A L O P P O R T U N I T Y

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• Covered areas restricted historic exploration

• More Cu deposits to be found under cover

• Aeromagnetics used for area selection

• Mapping & sampling used to prioritise prospects

• Magnetic gravity & IP targets ready for drilling

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L A R G E TA R G E T S U N D E R C O V E R

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CERRO DE FIERRO LANA
•
Multiple targets confirmed
by ground geophysics
•
Large scale targets with no
1.5km
surface expression 4km
•
Potential IOCG or porphyry
Cu-Au systems
•
AQD 100% - Lana, Azucar El
Jaguay
AZUCAR EL JAGUAY
1.8km
1.5km
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M U L T I P L E C O P P E R T A R G E T S

AQD Prospect Location

THREE LARGE PORPHYRY CU TARGETS TO BE DRILLED 10km

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P O R P H Y R Y C U T A R G E T – R E A D Y T O D R I L L

• Targets defined by combination of anomalous copper and alteration at surface – Magnetic and/or IP anomalies at depth

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CARDONAL PROSPECT CARDONAL PROSPECT
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2.0km
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COLORADA PROSPECT COLORADA PROSPECT
3.0km
PUITE PROSPECT PUITE PROSPECT
1.2km
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S U M M A R Y

• Focus on large provincial Nickel-Copper plays

• Experienced geological team - high impact / low overheads exploration

• 3 Large Fraser Range Ni-Cu targets to be drilled Dec 2013 – Jan 2014

• 8 Large Copper-Gold targets to be drilled in Peru throughout 2014

• Enterprise Value $2.8m. Huge leverage to success

• Partnered with large international mining house (Cliffs Natural Resources) in Peru

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C O N TA C T

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Graeme Drew Managing Director

8 Kearns Cres, Ardross, WA, 6153 Tel: +61 (8) 9364 3866 Email: graeme@ausquest.com.au www.ausquest.com.au

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D I S C L A I M E R S

Forward-Looking Statements

This presentation contains forward looking statements concerning the projects owned by AusQuest Limited. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific assumptions. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements are based on management’s beliefs, opinions and estimates as of the dates the forward looking statements are made and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. Data and amounts shown in this presentation relating to capital costs, operating costs and project timelines are internally generated best estimates only. All such information and data is currently under review as part of AusQuest Limited’s ongoing development and feasibility studies. Accordingly, AusQuest Limited cannot guarantee the accuracy and/or completeness of the figures or data included in the presentation until the feasibility studies are completed.

Competent Person’s Statement

The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Graeme Drew who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Drew is employed by AusQuest Limited and is the Company’s Managing Director. Mr Drew has sufficient experience which is relevant to the style of mineralisation and the type of deposits under consideration and to the activity which he is undertaking 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. Mr Drew consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

JORC – Exploration Targets

It is common practice for a company to comment on and discuss its exploration in terms of target size and type. The information in this presentation relating to exploration targets should not be misunderstood or misconstrued as an estimate of Mineral Resources or Ore Reserves. Hence the terms Resource(s) or Reserve(s) have not been used in this context. The potential quantity and grade is conceptual in nature, since there has been insufficient work completed to define them beyond exploration targets and that it is uncertain if further exploration will result in the determination of a Mineral Resource.

Currency

All dollar amounts shown in this presentation are in Australian dollars unless otherwise stated.

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