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ENCOUNTER RESOURCES LIMITED AGM Information 2010

Nov 21, 2010

64856_rns_2010-11-21_d3cb4963-0a1f-42f5-af66-75cb01f23a94.pdf

AGM Information

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Annual General Meeting Presentation

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Perth, WA 22 November 2010

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Resolutions & Valid Proxy Votes

FOR AGAINST ABSTAIN OPEN
AGENDA ITEM TWO
Adoption of Remuneration Report 19,791,957 17,475 16,259,400 1,613,623
AGENDA ITEM THREE
Re-election of Mr Peter Bewick as a
Director
36,068,832 - - 1,613,623
AGENDA ITEM FOUR
Ratification of Prior Issue of Equity
Securities
36,049,357 17,475 2,000 1,613,623
AGENDA ITEM FIVE A
Grant of Options to Director –
Mr Peter Bewick
31,383,857 38,525 4,650,000 1,610,073
AGENDA ITEM FIVE B
Grant of Options to Director –
Dr Jonathan Hronsky
36,039,357 23,025 - 1,620,073

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Corporate Information

Board Paul Chapman ‐ Chairman Will Robinson ‐ Managing Director Peter Bewick ‐ Exploration Director Jon Hronsky ‐ Non‐Executive Director Kevin Hart / Dan Travers ‐ Company Sec. Issued Capital: 91.5m Ordinary Shares 1.9m Employee Options Market Cap: $105m @ $1.15/share Cash (30/09/10): $4.2m (*placement $6m Dec Qtr)

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Company Snapshot – Diversified Explorer

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  • Exploring for “Major New Mineral Discoveries”

  • Experienced, dedicated and professional team

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Yeneena Project – Paterson Province (WA)

  • Major land position in highly endowed mineral belt, now 100% owned (1300 km[2] )

  • • Multiple commodity targets

  • • Good infrastructure

  • • Potential new copper province 100% Encounter

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Major land position amongst giant mineral deposits

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…potential for multiple copper deposits under sand cover

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Yeneena Project – Road to BM1

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BM1 Discovery Hole

EPT 220 8m @ 1.1% copper from 24m

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EPT 220 29‐30m 2.8% copper

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BM1 Copper Discovery

  • Multiple thick, near surface intersections grading over 1% copper

  • Coherent copper mineralisation over an extensive area

  • 20m @ 2.0% Cu from 22m (incl. 12m @ 3.2% Cu)

  • 12m @ 1.5% Cu from 16m (incl. 2m @ 2.7% Cu)

  • 10m @ 1.1% Cu from 36m (incl. 2m @ 2.5% Cu )

  • 8m @ 3.6% Cu from 18m (incl. 2m @ 7.6% Cu)

  • 4m @ 5.5% Cu from 66m

  • Highly anomalous cobalt ‐ (14m @ 0.5% Co)

  • Gravity anomaly adjacent to the high grade copper zone

  • A second zone of near surface copper mineralisation discovered in Central Area

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600m
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Regolith copper anomaly extends over 3km

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BM1 Northern Area ‐ Section A – A’

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Highly anomalous cobalt
several intersections >0.1% Co
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Nifty Copper Deposit

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Shallow aircore drilling identified
broad zone of copper oxides
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BM2 – Second Copper System

  • Shallow drilling has confirmed a mineralised copper system at BM2

  • Extensive copper regolith enrichment continuous over a large area

  • Several of the shallow holes terminated in anomalous copper

  • 30m @ 0.14% Cu from 42m to end of hole including 2m @ 0.88% Cu

  • 28m @ 0.18% Cu from 54m including 4m @ 0.48% Cu & 2m @ 0.41% Cu

  • 36m @ 0.17% Cu from 76m to end of hole including 6m @ 0.37% Cu

  • 20m @ 0.27% Cu from 62m including 4m @ 0.57% Cu

• Detailed gravity survey completed

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The grade and continuity of the initial results at BM2 are similar to the early results obtained at BM1

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The Next Steps

  • Aircore assays pending from southern drill lines from BM1

  • Gravity modeling at BM2

  • Diamond drilling in progress

  • Three hole program to depths that will maximize the geological understanding of the copper system at depth

  • Scaling up operations for major 2011 regional drill campaign and expanded program at the BM1 copper discovery

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Major 2011 Exploration Campaign

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2011
Oct Jan Apr Jun Sep Dec
BM2
Gravity Survey
BM1
Initial RC/Diamond Drilling
Interp. /Drill planning
Capital Expenditure/Recruitment
Mobilisation
BM1, BM2, T4
Major RC/Diamond Program
Yeneena
Aircore Drilling
Wanna (Bangemall Basin)
Diamond Drill Program
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The 2011 exploration program to be significantly expanded at the BM1 copper discovery and other prospects at the Yeneena project.

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2010 – The Emerging Yeneena Copper District

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2011 Objectives

  • Expand the exploration team and operational infrastructure for $4‐

5m exploration campaign at Yeneena

  • Extensive deep drilling program (BM1, BM2)

  • Accelerate aircore regional target testing

  • Diamond drill Wanna copper target in Bangemall Basin

 Advance manganese assets (commodity specific JV)

  • Commercialise Yilgarn uranium resources

  • Continue project generation

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Disclaimer & Compliance Statement

This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Encounter has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by Encounter.

Any forward‐looking statements included in this document involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and maybe unknown to Encounter. In particular, they speak only as of the date of this document, they assume the success of Encounter’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which the forward looking statements are based. Recipients of this document (“Recipients”) are cautioned to not place undue reliance on such forward‐looking statements.

Encounter makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.

To the extent permitted by law, Encounter and its officers, employees, related bodies corporate and agents (“Agents”) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Encounter and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.

The information in this report that relates to Exploration Results is based on information compiled by Mr. Peter Bewick who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Bewick is a full time employee of Encounter Resources Ltd and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the 'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Bewick consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

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