First Au Ltd. · ASX:FAU
First Au — Corporate Update (July 2020)
20 slides from First Au's corporate update, Jul 17, 2020
Slide 1: FAU East Victorian Goldfields Project Presentation
First Au Limited (ASX: FAU) 17 July 2020 FAU East Victorian Goldfields Project Presentation An announcement today advised that First Au Limited (“FAU”) had successfully completed its due diligence investigations in respect to the proposed acquisition of Victorian Goldfields Pty Ltd, the owner of the
Slide 2: Goldfields Project
| Goldfields Pr we oject aie
Slide 3: Disclaimer
This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into account any
Slide 4: Disclosure
Disclosure On 11 June, 2020 First Au Limited (“FAU”) announced its intention, subject to completion of due diligence and certain conditions, to acquire an 80% interest in Victoria Gold Pty Ltd (“VicGold”) the owner of the Victoria Gold Project. On 9 July, 2020 FAU announced that it had entered into
Slide 5: Early mining at Haunted Stream, 1880's
Early mining at Haunted Stream, 1880’s
Slide 6: Exploration Team
Ian Neilson BSc MSc R.P. Geo MSEG MAIG – Ian is a structural geologist, with significant exploration and mining experience in orogenic gold, porphyry copper, base- metal deposits throughout the world through his consulting over the past 18 yrs. In addition, Ian has worked for Newmont, First Quantum
Slide 7: Exploration in Victoria
Kirkland Lake Fosterville Mine – 2.7 Navarre Minerals M oz Reserves, high Stavely Minerals Stawell Project, New Au Gossan Hill Cu-Au grade discovery discoveries, increase in Discovery SP, Kirkland Lake investment Other active Victorian Au explorers - • Newmont • Carrawine Resources Fosterville South
Slide 8: Tenements – Eastern Victoria
Gold exploration in the East Gippsland has traditionally focused on Cassilis and other deposits around the Omeo area which are usually high sulphidation systems, hosted in the Silurian-Devonian stratigraphy. FAU focus is low-sulphide orogenic gold deposits (e.g. Bendigo) hosted in the Ordovician str
Slide 9: Orocline Model: Reconstructed Eastern Terrane
Reconstructed Eastern Terrane hosting Victorian Goldfields tenure circa 440Ma demonstrates the continuation of the Fosterville and Bendigo-Ballarat trends. Victorian Goldfields was the first to recognise this opportunity and the implications.
Slide 10: Tectonics: Location of Fosterville and Victorian Goldfields tenure
Citing recent Academic studies, Victorian Goldfields considers Central and Eastern Goldfields are the same system, having moved position in 440 million years of tectonics. → → Geological Time: 440 million years to present day → → 440Ma VIC GOLDFIELDS VIC VIC GOLDFIELDS GOLDFIELDS FOSTERVILLE FOSTERV
Slide 11: Alluvial Mining
The Geological Survey of Victoria (GSV) records recovery up to 3 Moz Gold from Alluvial Mining sources across Victoria. The rich Alluvial Fields are sourced from high-grade Reef Gold Deposits (such as Fosterville, Bendigo, Woods Point and Walhalla). With the incorporation of the NEW Orocline researc
Slide 12: Victorian Goldfields Tenure
EL 006977 EL 005422 EL 006816 EL 006976 Haunted Stream Dogwood Cu EL 006975
Slide 13: 1887 Government mapping by R.A.F. Murray
1887 Government mapping by R.A.F. Murray
Slide 14: Previous Maps used by Explorers – Haunted Stream
Previous Maps used by Explorers – Haunted Stream Haunted Stream EL006816 1:50,000 scale geological regional mapping by the Victorian Geological Survey
Slide 15: New Litho-Structural Mapping
New Litho-Structural Mapping AUSTRALIAN from fieldwork Frontier Exploration Opportunities and magnetic interpretation developed by exploration team F2 Fold Axis High level geology turns boring map of Devonian Sediments to a highly prospective slate belt/ orogenic gold terrain Historic Workings Haunt
Slide 16: Historic rock chip samples at Haunted Stream
Historic rock chip from Mantle Mining samples highlighting some of the high-grade mineralisation and new geological interpretation of the Hunted stream area TMI magnetic image with Haunted Stream Tenement Application EL006816 showing rock chip data from Mantle Mining and historic workings * See FAU
Slide 17: Drill targets at the historic mine working
Drill targets at the historic mine working, where high grade gold mineralisation is evident Historic Production ~ 1890’s highlighting* - • Hans Lodes - 1844 oz @ 10 g/t Au • Rob Roy Lodes - 1771 oz @ 31 g/t Au Commotion • Hibernia - 816 oz @ 17 g/t Au • Earnestine – 927 oz @ 39 g/t Au Hans Lodes • C
Slide 18: System Open to Depth
• Similarities to Central Victorian Rob Roy Lodes – Haunted Stream area* style lodes are present with mineralisation structurally controlled in high-grade zones focused by folded bedding and faulting. • Mineralised shoots are historically 2 – 10m thick, 50- 250m along strike and not tested to depth
Slide 19: Snowstorm Target Area
* See FAU ASX announcement 9/07/2020 Snowstorm Tenements Snowstorm Project area contains old workings with similar geological setting to Haunted Stream area. Work will soon begin with mapping, rock chip sampling and drilling Quartz veining at Snowstorm
Slide 20: Exploration Plan
• FAU begun desktop work at Haunted Stream Au, Snowstorm Au, Dogwood Cu-Au and developing regional target areas • FAU though VicGold has significantly advanced the project area already through effective low cost exploration at Haunted Stream area • FAU already knows where to focus it exploration. •