ENCOUNTER RESOURCES LIMITED — Investor Presentation 2013

Aug 1, 2013

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Investor Update Diggers and Dealers - Kalgoorlie 5-7 August 2013

ASX : ENR

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INVESTMENT SUMMARY
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• Major land position in Proterozoic sedimentary basin (1900km[2] )

• Surrounded by major mineral deposits (Au-Cu, Cu, U and Mn)

• Greenfields copper discovery 11km long and growing

• Experienced team of former WMC executives

Yeneena Copper Project

• Well funded explorer - US$20m farm-in with Antofagasta (two tenements, 30% of Yeneena)

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CORPORATE INFORMATION
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Board
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Paul Chapman - Chairman

Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 132.5m Ordinary Shares Issued Capital 9.5m Employee Options A$33m @ A$0.25/share Market Cap. Cash A$4.8m (30 June 2013)

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YENEENA PROJECT
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Major land position amongst giant mineral deposits

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In 2012/13, Encounter has expanded
its ground holding with earn-ins:
• St Barbara Mines Ltd
• Independence Group NL
• Midas Resources Ltd
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YENEENA PROJECT
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Sand cover has inhibited previous exploration

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BM1 - BM7 PROSPECTS
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Copper mineral system 11km long and growing

BM1 - coherent zone of near surface copper oxide mineralisation

• 10m @ 6.8% Cu from 32m

• 20m @ 2.0% Cu from 22m

• 8m @ 3.6% Cu from 18m

• 4m @ 5.5% Cu from 66m

BM7 - New copper discovery 3km south of BM1 in 2012

• 52m @ 0.6% Cu incl. 8m @ 2.0% Cu

Granted Aug 2012

• 9m @ 1.5% Cu, 1.0% Co to EOH

• 34m @ 0.6% Cu incl. 10m @ 1.6% Cu

• 73m @ 0.4% Cu incl. 8m @ 1.0% Cu

• 34m @ 0.5% Cu incl. 14m @ 0.8% Cu

Antofagasta farming-in

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LONG SECTION BM1-BM7
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Shallow drilling defines major new Copper-Cobalt mineral system

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Next Slide
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Antofagasta farming-in

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BM7 PROSPECT
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+800m
zone of
copper
sulphide
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“End of Hole” Copper Sulphides at BM7

• Depth extensive copper sulphide mineralisation associated with large dolomite alteration zone

• +800m long zone of copper sulphide

• End of hole (EOH) primary copper in recent RC drill program:

• 6m @ 0.7% Cu 150m to EOH

• 30m @ 0.4% Cu 118m to EOH

• Copper sulphide zone remains open along strike and at depth

• Diamond drilling in progress

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BM7 PROSPECT
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Schematic cross-sections

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See Core Photos
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EPT1716 – ~120m - Carbonate with dolomite blebs/veins containing chalcopyrite (HQ core width 60mm)

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EPT1716 – ~120m - Carbonate with abundant course pyrite and with chalcopyrite intergrowths

EPT1716 is the first of four diamond holes to be drilled in the current campaign at BM7. The core photos are within a zone between 104m and 124m where visible copper sulphides including chalcocite, bornite and chalcopyrite have been identified. The photos are from the visually strongest mineralised interval within that zone between 104m and 124m. Drill hole EPT1716 is still in progress. Samples will be dispatched for laboratory analysis upon completion of the hole.

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REGIONAL TARGETS - SOUTH
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VTEM Magnetics
BM8 Prospect BM8 Prospect
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Untested targets south of 11km system at BM8

• Coincident magnetic & EM anomaly

• Large scale alteration anomaly

• No previous exploration

• Exploration funded through Antofagasta farm-in

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REGIONAL TARGETS - NORTH
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Untested targets north of BM1-BM7

• Significant north-east trending structure that mirrors the BM1-BM7 copper system

• Key structural targets identified

• Shallow sand cover

• Minimal previous exploration – a handful of RAB holes

• 100% Encounter held ground

• VTEM Survey completed June 2013

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Electromagnetics - VTEM
100% ENR
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DISCOVERY TIMELINE
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2012
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Large scale, copper discovery at BM7 2011 Regional copper Discovery of copper targets defined sulphides at BM1 2010 New copper oxide Greenfields copper discoveries at BM6 & BM7 oxide discoveries at First BM7 copper sulphides BM1

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2013 Objectives

High grade copper sulphides at BM7 Anto. Test targets south Farm-in and east of BM7

Test Regional Targets (100% ENR)

2008-09

Airborne EM Regional geochem Target generation

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SEDIMENT HOSTED COPPER
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25
Central Africa Copper Deposits Paterson Mt Isa
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Province
Endowment Endowment
170MT Copper 2.3MT Copper
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Deposit style produces giant orebodies
Is Nifty the giant of the Paterson?
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5 includes basement hosted deposits
0
MT Cu (pre mined resources)
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SUMMARY
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Yeneena – Australia’s Next Great Copper District?

• Large scale system over 11km long and growing

• High grade near surface intersections

• Key ground position secured (>1900km[2] )

• First world mining jurisdiction

• Major mining company funding through Antofagasta farm-in

• Sound cash position

• Diamond drilling in progress

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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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