ENCOUNTER RESOURCES LIMITED — Investor Presentation 2012

Mar 18, 2012

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Level 7, 600 Murray Street West Perth WA 6005 PO Box 273 West Perth WA 6872 P 08 9486 9455 F 08 6210 1578 www.enrl.com.au

ASX : ENR

19 March 2012

Company Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street Sydney NSW 2000

Investor Presentation

Hong Kong, New York, Brisbane

The company is pleased to provide a copy of the presentation to be given at the following conferences:

Mines and Money 2012 Conference	Hong Kong	21-22 March 2012
Casimir Capital 2ndAnnual Australian Mining Conference	New York	26 March 2012
Australian Copper Conference	Brisbane	27-28 March 2012

For further information please contact: Mr Will Robinson Managing Director Tel: 08 9486 9455

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ASX : ENR

Greenfields Copper Discovery in WA

Investor Presentation March 2012

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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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Agenda

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Company Overview
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Project Summary
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Copper Discoveries 2010-11
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• BM1 Yeneena

• • BM7 Project

• • T4

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A New Copper Province?
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Corporate Information

Board 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: Issued Capital

• 114.2m Ordinary Shares 7.5m Employee Options

Market Cap: Market Cap.

A$45.7m @ A$0.40/share

Cash:

Cash

A$~7.5m

*after completion of capital raising see ASX announcement 7[th] February 2012

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Sand cover has inhibited previous exploration

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Major land position amongst giant mineral deposits

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Milestones in 2011 …

June

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BM1
10m @ 6.8% Cu
Oxide & supergene
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July

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BM2
First diamond hole:
188m @ 0.35% Zn
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August

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T4
Disseminated chalcopyrite &
bornite in altered
metamorphics - 0.8% Cu
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October

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BM1
First copper sulphides
at depth up to 6% Cu
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December

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BM7
First diamond hole: Stringer and
disseminated chalcopyrite
274m @ 0.12% Cu and 174ppm Co
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BM1 Copper Discovery

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

• 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 targeting high grade, primary copper sulphide mineralisation

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

• Major new copper regolith anomaly

• Extending over 3.5km along key regional north-east trending structure (the Queen Fault)

• First diamond drill hole

• 274m @ 0.12% copper and 174ppm cobalt

• Alteration and mineralisation interpreted as marginal to a major sediment-hosted copper deposit.

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BM7 Prospect – First Diamond Hole

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274m zone containing Cu sulphides from trace levels to pervasive disseminations
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EPT1109 Stringer and
disseminated chalcopyrite
(305m)
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Major land position amongst giant mineral deposits

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Yeneena Project – T4 prospect

T4 Located 30km north-east of the BM1 Discovery

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T4 – Major Copper Prospect

Electromagnetics Magnetics

Gravity

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EPT801
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EPT801 EPT801 EPT801 – Copper Sulphides Intersected

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T4 - Diamond Drilling

Chalcopyrite

• Stratigraphic hole intersected disseminated copper sulphides including 0.9m @ 0.84% Cu

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

• New style of copper mineralisation in an unexplored region

• Surface geochemistry highlights copper silver anomalies at key structural targets

Bornite EPT801 - 194m - Disseminated chalcopyrite and bornite in altered metamorphics

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Yeneena Copper Discovery Timeline

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2011 Discovery of copper sulphides at BM1 & T4 New copper oxide discoveries at BM6 & 2010 BM7

Greenfields 2008-09 copper oxide Airborne EM discoveries at BM1 & BM2 Regional geochem Target generation

Primary zinc discovered at BM2 BM7 copper sulphides

2012 Objectives

Large scale, high grade copper sulphide discovery at BM1, BM7

Drill testing of large scale T4 copper prospect

Follow up base metal discovery at BM2

Regional target testing

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0 2 4 6 8 10 12 14 16 18 20 MT Cu (pre mined resources) Sed
	iment Hosted Copper Deposits
	iment Hosted Copper Deposits
	Paterson Central Africa Copper Deposits Mt I																																							sa
	Province Endowment Endowment 150MT Copper
	2.3MT Copper
															Deposit style produces giant orebodies Is Nifty the giant of the Paterson?
	*includes basement hosted deposits

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Yeneena Copper Discovery

• New greenfields copper discovery made in 2010

• Base metal sulphides discovered at four prospects in 2011

• 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)

• Well funded explorer with 25,000m drill program in 2012

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