Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (April 2019)
20 slides from Ausgold's investor presentation, Apr 2, 2019
Slide 1: Ausgold Limited
ASX: AUC Ausgold Limited April 2019 Developing a new gold camp at Katanning, Western Australia
Slide 2: Disclaimer
2 Disclaimer Competent Person’s Statement The information in this statement that relates to the Mineral Resource estimates is based on work done by Mr Michael Lowry of SRK Consulting (Australasia) Pty Ltd and Dr Matthew Greentree of Ausgold Limited. Dr Greentree is Managing Director and is a Share a
Slide 3: Highlights – Katanning Gold Project
3 Highlights – Katanning Gold Project 1 million ounce Resource at 1.29 g/t gold • Resource limited to shallow (< 170m) open pit depths • Mineralisation open along strike and at depth • Pit optimization and metallurgical studies underway to target mineable ounces • Major drilling program underway tar
Slide 4: Highlights – Regional Potential
4 Highlights – Regional Potential • Two newly identified gold mineralised trends parallel to main deposit each along a 10km strike length and within 5km of Jinkas Resource • Multiple near‐Resource gold targets within trucking distance remain to be drill tested • Extensive ground position 4,000km2 co
Slide 5: Highlights – Other Projects
5 Highlights – Other Projects • Red Hill Vanadium Project ‐ advanced vanadium exploration with preliminary metallurgical studies completed only 20km from Katanning township with access to rail and grid power • Two fully funded joint ventures on advanced nickel‐cobalt project at Yamarna and copper‐go
Slide 6: Katanning Gold Resource – Million Ounces & Growing
6 Katanning Gold Resource – 1 Million Ounces & Growing • 1.038 million ounces @ 1.29 g/t Au Resource • Jinkas represents 8.47 Mt at 1.48 g/t Au for 403.1KOz • Independent estimation by SRK Consulting • 47% of gold in Measured and Indicated categories • Shallow – Resource constrained to 170 metres ve
Slide 7: Katanning Gold Resource – Extensions
7 Katanning Gold Resource – Extensions • Jinkas South high grade mineralisation identified along a strike length of 350m • 850 metre gap identified in drilling along strike, north from high grade Jinkas lode with coincident Jinkas North geochemical and geophysical anomaly – a prime target to add oun
Slide 8: Katanning Gold Resource Extensions - Jinkas North
8 Katanning Gold Resource Extensions ‐Jinkas North • Jinkas North ‐ 850 metre gap in drilling north‐east of high grade Jinkas lode identified with open strike extension • Coincident geophysical (Fixed Loop EM and magnetic) and geochemical anomalies Near surface Mines and Money Hong Kong ‐ April 2019
Slide 9: Katanning Gold Resource Extensions
9 Katanning Gold Resource Extensions • Jinkas South ‐ newly identified high grade zone discovered in recent drilling, including 26m @6.6 g/t, 16 m @ 6.21 g/t and 15m @ 3.66 g/t Au • high grade mineralisation intersected over 350 metres strike length • Remains open along strike and down dip – another
Slide 10: Jinkas South high-grade mineralisation
Jinkas South high‐grade mineralisation 10 • New discovery – high grade mineralisation southeast of Jinkas deposit • Recent drilling confirms broad zone of high‐grade mineralisation over a 350m strike length and remains open along strike • RC and diamond drilling currently underway Mines and Money Ho
Slide 11: Resource Growth – New Discoveries 'Near Mine'
11 Resource Growth – New Discoveries ‘Near Mine’ Datatine: Near Mine: New discovery Repetitions along strike High grade gold Multiple targets Validates AC drill anomalies geological model Gravity and EM anomalies Western Trends: Mines and Money Hong Kong ‐ April 2019 Parallel structu
Slide 12: Western Trend - New Parallel Gold System?
12 Western Trend‐ New Parallel Gold System? Datatine • Two new gold mineralised trend identified Trend parallel within 5 km of KGP Resource • Gold anomalies from previous auger sampling in two undrilled greenstones belts with 10 km strike length • Auger drilling program underway with over 1000 auger
Slide 13: Extensive Ground Position in underexplored Greenstone Belt
Extensive Ground Position in underexplored 13 Greenstone Belt • Extensive regional ground holding of >4,000 km2 • 130 km strike of underexplored greenstones with major crustal boundaries Mines and Money Hong Kong ‐ April 2019 • Numerous gold anomalies identified within • Ongoing regional exploration
Slide 14: Red Hill Vanadium Project – A Valuable Acquisition
14 Red Hill Vanadium Project – A Valuable Acquisition • Advanced Red Hill Vanadium Project secured via ground acquisition • Past work includes airborne magnetics, soil geochemistry, 1,200 soil & rock chip samples, 94 RC drill holes, 6 diamond core holes • Preliminary metallurgical test work, includi
Slide 15: Yamarna Joint Venture
15 Yamarna Joint Venture • Located in highly prospective Yamarna Greenstone Belt 125 kilometres north‐ east of Laverton in central Western Australia • Winchester Prospect ‐ significant copper‐nickel‐cobalt discovery hosted within an underexplored belt Mines and Money Hong Kong ‐ April 2019 • Farm‐in
Slide 16: Doolgunna Joint Venture
16 Doolgunna Joint Venture • Located in WA’s Bryah Basin (150km north‐east of Meekatharra) • Highly prospective for Volcanic Massive Sulpide (VMS) copper‐gold and Plutonic‐style gold mineralisation, adjacent to DeGrussa VMS deposit • Recent farm‐in agreement with Intrepid Resources (ASX:IAU). Ausgol
Slide 17: Timeline
17 17 Timeline Katanning Yamarna JV • Exploration drilling regional targets AC and RC drilling • Metallurgical testing Doolgunna JV • Resource upgrade Results diamond drill program Q1 2019 Q3 2019 Q4 2019 Mines and Money Hong Kong ‐ April 2019 Q2 2019 Q1 2020 Katanning Regional Katanning • 4,000m RC
Slide 18: Summary
18 Summary 1 million+ ounce gold Resource at Katanning Potential to significantly increase to current Resource with high grade mineralisation along strike Recent high‐grade drill results from Jinkas South Mines and Money Hong Kong ‐ April 2019 Pit optimization & metallurgical studies underwa
Slide 19: Corporate Snapshot
19 Corporate Snapshot 47.94% Top 20 Top 20 shareholders hold Richard Lockwood ‐ Non Executive Chairman 11.4% 59.34% of shares • Career in mining investment, stockbroking, funds management Directors with active involvement in development in several mining groups & on issue numerous mining projects gl
Slide 20: Thank you
20 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building Mines and Money Hong Kong ‐ April 2019 140 St Georges Terrace Perth WA 6000