Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (April 2023)
27 slides from Ausgold's investor presentation, Apr 5, 2023
Slide 1: Katanning Gold Project
ASX: AUC FRA:AU4 2.16Moz Katanning Gold Project is the largest undeveloped free milling open cut gold mining project in Western Australia Katanning Gold Project Singapore Mining Club Presentation April 2023 1
Slide 2: Disclaimer
Disclaimer Competent Person’s Statement The information in this statement that relates to the Mineral Resource estimates is based on work carried out by Dr Michael Cunningham of Sonny Consulting Services Pty Ltd, Mr Daniel Guibal of Condor Geostats Services and Dr Matthew Greentree of Ausgold Limite
Slide 3: Corporate
Corporate Capital Structure Share Price Shares on Issue 2,029m* 25 $0.09 Volume 12% Price Directors Unlisted Options (@ A$0.06-0.08) 68 m $0.08 20 Performance Rights 35.2m 53% Top 20 35% $0.07 Share Volume (M) Other 15 Share Price A$0.052 Shareholders $0.06 10 Market Capitalisation A$106m $0.05 5 $0
Slide 4: Overview - Katanning Gold Project
Overview - Katanning Gold Project Significant Foundation Established Resource 2.16 Moz @ 1.21g/t Targeting a stand-alone gold operation producing >100kozpa Pre-Feasibility Study Upgraded Resource Project Infrastructure complete, DFS underway • Gold ounces 2.16 Moz • DFS underway with • Excellent inf
Slide 5: Overview - Katanning Gold Project
Overview - Katanning Gold Project Recent significant drilling results include: Central Zone Southern Zone Northern Zone • 16m @ 2.42 g/t Au from 23m • 6m @ 2.10g/t Au from 111m • 3.3m @ 11.47g/t Au from 218m • 15m @ 1.43 g/t Au from 9m • 21m @ 2.11 g/t Au from 61m • 7.4m @ 4.54g/t Au from 231m • 9m
Slide 6: Ausgold Pre-Feasibility Study
Ausgold Pre-Feasibility Study Mid-Tier Gold Mine with outstanding growth potential Life of Ore Mineral Plant First 6 years. Metallurgical Mine Reserve Resources Capacity Production Recovery 11 years 32Mt @1.25g/t 56Mt @1.21g/t 3.0Mtpa 126,000oz p.a. 90% gold for gold for 1.28 Moz 2.16 Moz EBITDA NPV
Slide 7: Mine Project Overview
Mine Project Overview Mid-Tier Gold Mine with outstanding growth potential • 11 year mine life using open cut mining methods producing Life of Ore Mineral 105,000 oz per annum Mine Reserve Resources 11 years 32Mt @1.25g/t 56Mt @1.21g/t • High-grades in initial 6 years of mining deliver an average go
Slide 8: Mine Economics
Mine Economics Mid-Tier Gold Mine with outstanding growth potential Key financial forecasts for the PFS EBITDA NPV5 Capital (LOM) (post-tax) Cost • LOM Revenue of A$2.7Bn A$981M A$364M A$225M • LOM undiscounted post-tax free cashflow A$548 million over 11 years of commercial production • NPV5 of $36
Slide 9: Peer Comparison
Peer Comparison EV/Resource Reserve Size (oz) $450 6,000 $400 $382.00 5.1Moz Reserve 5,000 $350 $300 4,000 $250 3,000 $198.00 $193.00 $200 1.34Moz 1.28Moz 0.27Moz Reserve Reserve Reserve $150 2,000 Average $58 $109.00 EV/Resource 1 $100 1,000 $43.00 $40.00 $50 $39.00 $39.00 $37.00 $29.00 $28.00 $21.
Slide 10: What Differentiates Ausgold
What Differentiates Ausgold Resource Project Economics Growth and Scale Infrastructure • 2.16Moz gold Resource with • Prefeasibility Study • Multi-million ounce • 3½ hour drive from Perth to more than 80% in delivered 1.28 Moz Ore resource potential support a Residential Measured and Indicated Reser
Slide 11: Upcoming News flow and Key Milestones
Upcoming News flow and Key Milestones Key Milestone Q1 CY2023 Q2 CY2023 Q3 CY2023 Q4 CY2023 KGP Exploration ✅ ✅ KGP Mineral Resource Update ✅ Regional Exploration ✅ ✅ Large Scale Scoping Study ✅ ✅ Lithium Exploration ✅ ✅ KGP DFS ✅ ✅ ✅ Project Financing and FID ✅ ✅ Permitting and Approvals ✅ ✅ ✅ ✅ 11
Slide 12: Katanning overview
Katanning overview Katanning Long section through KGP M+I Resource over 1.78moz Katanning - Main Strike Zone Areas Resource Categories within KGP 12
Slide 13: Outstanding Growth Potential
Outstanding Growth Potential Katanning PFS is the start of a larger multi-million ounce operation Current and planned exploration and drilling activities for growth Significant drilling program ongoing targeting further Resource expansion and growth within Central and Southern Zones. Further growth
Slide 14: Scale Opportunity
Scale Opportunity Whole-of-Belt Exploration Play Improved geological model has identified numerous high-grade targets in untested exploration areas along 17km strike 4 Targeting multiple areas for growth in 1 Resource, which is supported by a number Central Zone of outstanding exploration opportunit
Slide 15: Scale Opportunity
Scale Opportunity Jinkas North and South high-grade 1. Jinkas North 850 metre gap in drilling along strike from high-grade Jinkas lode with coincident geophysical 1 and geochemical anomalies, and includes underground potential with further drilling planned Q4 2022 High-grade gold strongly correlated
Slide 16: Scale Opportunity
Scale Opportunity Underground Potential • Untested limited drilling > 300m depth o Open along strike and at depth o Potential to add high grade Resource ounces • Down-plunge extensions of high-grade Jinkas, White Dam and Jinkas South lodes have identified further potential beneath the current optimi
Slide 17: Scale Opportunity
Scale Opportunity Southern Zone • Southern Zone follows along strike from the Central Zone mineralisation with extensive gold mineralisation identified in aircore drilling over 8km strike length, with encouraging results from recent drilling including: • 21m @ 2.11 g/t Au from 61.08m including 4.81m
Slide 18: Scale Opportunity
Scale Opportunity Untested regional potential over 5,500 km2 Gold • Extensive ground position +5,500km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified in underexplored greenstone belt including the advanced Stanley and Duggan prospects Ni - PGE Potential • L
Slide 19: Scale Opportunity
Scale Opportunity Datatine Prospect • New drilling has targeted structural zones which host high- grade gold mineralisation. • Recent drill results demonstrate potential for further high gold grades with coarse visible gold Coarse visible gold up to 1cm long in BSRCD1596 180.20m – • 3.3m @ 11.47g/t
Slide 20: Scale Opportunity
Scale Opportunity Stanley Gold Project • Farm-in agreement with Cygnus Gold Ltd to acquire a 85% majority interest in the Stanley Gold Project. • The Project covers 233km2 and a 24km strike length of highly prospective greenstone belt that contains the same sequence that hosts the KGP • Past drillin
Slide 21: Scale Opportunity
Scale Opportunity Duggan Prospect • New drilling intersected near surface high-grade gold mineralisation • 4m @ 9.30g/t Au from 84m in DUGRC042 • 1m @ 43.20g/t Au from 52m in DUGRC036 (new lode) • 5m @ 1.15g/t Au from 10m in DUGRC038 • 7m @ 4.05 g/t Au from 19m including 5m @ 5.50 g/t Au from 19m in
Slide 22: Investment Highlights
Investment Highlights Ausgold is becoming the next Australian mid-tier Gold producer Critical Mass – Stand-alone gold operation to produce +100kozpa • 100% owned • Large Resource of 2.16 Moz @ 1.21g/t Au Foundation • Maiden Reserve 1.28 Moz @ 1.25g/t Au • 11 year LOM with initial 6 years to deliver
Slide 23: www.ausgoldlimited.com.au
ASX: AUC FRA:AU4 Dr Matthew Greentree Managing Director Ausgold Limited info@ausgoldlimited.com T: (08) 9220 9890 307 Murray St | Perth WA 6000 www.ausgoldlimited.com.au 23
Slide 24: Appendix
Appendix 24
Slide 25: Metallurgy
25 Metallurgy Excellent results from first phase metallurgical test work1 Exceptional gold recoveries Supports simple, low risk operation • Recoveries of coarse gravity gold between 40 – 69% • Testwork demonstrates that Katanning Gold ore is free milling and amenable to a conventional CIL processing
Slide 26: Katanning Gold Project Resource and Reserves
Katanning Gold Project Resource and Reserves Mineral Resource Tonnes (Mt) Grade (g/t Au) Contained Ounces Measured 19.0 1.31 800,000 Indicated 26.8 1.14 984,000 Inferred 9.5 1.03 370,000 Total 56.0 1.21 2,160,000 Ore Reserve Tonnes (Mt) Grade (g/t Au) Contained Ounces Probable 32 1.25 1,280,000 Tota
Slide 27: Peer comparison reference list from page 6
Peer comparison reference list from page 6 ASX Code Company Name Project Development Stage Mine Type Source Date BGL Bellevue Gold Bellevue DFS UG Roadshow Presentation 13-Sep-22 MGV Musgrave Minerals Cue Resource OP AGM Presentation 08-Nov-22 Diggers & Dealers GMD Genesis Minerals Greater Ulysses R