ENCOUNTER RESOURCES LIMITED — Investor Presentation 2011

Oct 26, 2011

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ASX : ENR

Greenfields Copper Discovery in WA

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Mining 2011 Conference Brisbane 26-28 October 2011

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Corporate Information

Board

Issued Capital:

Market Cap:

Cash (30/9/11):

Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 99.3m Ordinary Shares 6.9m Employee Options $53.6m @ $0.54/share $5.1m

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Company Snapshot – Diversified Explorer

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Copper
High grade
discovery at BM1
Potential new
copper province
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Manganese
Near surface
+20% Mn
Multiple targets
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Zinc
Assays up to 28%
Zn, 2.3% Pb,
34g/t Ag
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Uranium
11 million lbs
near surface U O
3 8
Inferred Resource
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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

• 100% ownership (1300 km[2] )

• Multiple copper prospects

• Good infrastructure

• $5m exploration program in 2011

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Yeneena Project – Field Camp

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Major land position amongst giant mineral deposits

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1km
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BM1 Copper Discovery

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

• Copper system +8km long and open

• BM1 Northern Area - coherent zones of near surface copper mineralisation

• 10m @ 6.8% Cu from 32m (incl. 3m @ 12.3% Cu )

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

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

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

• 4m @ 5.5% Cu from 66m

• Highly anomalous cobalt and silver 14m @ 0.5% Co, 3m @ 156g/t silver

• Deep drilling to target high grade, primary copper sulphide mineralisation

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BM1 Drillhole EPT751 – 10m @ 6.8% Cu

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2.47%Cu, 20g/t Ag
5.06%Cu, 52g/t Ag 3.16%Cu, 2.5g/t Ag 34.2%Cu, 176g/t Ag
24.7%Cu, 180g/t Ag 11.2%Cu, 10g/t Ag
8.05%Cu, 0.5g/t Ag 5.66%Cu, 3g/t Ag
6.98%Cu, 1.5g/t Ag
5.55%Cu, 7.5g/t Ag 16.6%Cu, 23.5g/t Ag
5.49%Cu, <0.5g/t Ag
1.96%Cu, <0.5g/t Ag
Photo EPT751 - Mineralisation 32.6m to 38.8m
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BM1 Copper Discovery – Northern Area

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BM1 - Milestones in 2011 so far…

• Drilling commenced late April

• Highest grade intersection to date 10m @ 6.8% Cu – June

• Near surface copper regolith footprint doubled to 8km with BM6 and BM7 discoveries – September

• First copper sulphide intersection - October

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EPT804 – Chalcopyrite mineralisation in brecciated sediments at 693m

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BM1 Regional Targets BM6, BM7 Prospects

• Helicopter EM survey (“VTEM”) completed in June 2011

• Aircore drilling doubles strike of copper anomalism to over 8km.

• BM6 - Copper mineralisation up to 1.4% Cu - 3.5km north of BM1

• BM7 - Major new copper regolith position south of BM1

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Up to 1.4% Cu in aircore
Assays up to 1.4% Cu
reconnaissance drilling
6km
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BM7 Prospect

• Major new copper regolith anomaly

• Extending over 2.4km along key regional north-east trending structure (the Queen Fault)

• Regolith is deeply weathered and heavily leached at the intersection of the Queen and McKay faults

• End of hole geochemistry consistent with copper sulphide gossan

• Assays pending

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Nifty Copper Deposit

Shallow aircore drilling identified broad zone of copper oxides 200m

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Major land position amongst giant mineral deposits

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Yeneena Project – T4 prospect

T4 New copper prospect 30km north-east of the BM1 Discovery

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T4 – Major Copper Prospect

Electromagnetics Magnetics

Gravity

EPT801 – Copper EPT801 EPT801 Sulphides Intersected

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T4 - Diamond Drilling

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1cm
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Chalcopyrite

• Stratigraphic hole intersected disseminated copper sulphides up to 0.8% Cu

• Drilling located at the southern end of a +4km long gravity & magnetic anomaly

• New style of copper mineralisation in an unexplored region

Bornite

• Surface geochemistry in progress

EPT801 - 194m - Disseminated chalcopyrite and bornite in altered metamorphics - 0.8% Cu

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Quality copper resources in short supply

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Yeneena Copper Discovery

• New greenfields copper discovery made in 2010

• Early stage indications of a potential new copper province

• High drilling success rate

• Large mineralisation footprints

• Thick, high grade intersections

• Land position secured (1300km[2] , 100% owned)

• Two diamond drill rigs in operation

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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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