Ausgold Limited · ASX:AUC
Ausgold — RIU Explorers Conference February 2019
24 slides from Ausgold's conference presentation, February 2019
Slide 1: Ausgold Limited
ASX: AUC Ausgold Limited RIU Explorers Conference February 2019 - Pod stand ‘S’ 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: Investment Highlights
3 Investment Highlights • Board and management with significant resource sector experience and a proven track record in moving projects into production • 1 million ounce gold Resource at Katanning • Potential to significantly increase current Resource with high grade mineralisation open to north & s
Slide 4: Corporate Snapshot
4 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 with Directors active involvement in development in several mining groups & numerous on issue mining projects globa
Slide 5: Katanning Gold Project million ounce Resource at 1.29 g/t gold
5 Katanning Gold Project 1 million ounce Resource at 1.29 g/t gold • Resource limited to shallow (< 170m) open pit depths • Pit optimisation and metallurgical studies underway to target mineable ounces • Drilling to commence targeting Resource extensions & near Resource targets • Historical mining w
Slide 6: Katanning Gold Resource – Million Ounces & Growing
6 Katanning Gold Resource – 1 Million Ounces & Growing • 1.04 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 >170 metre - open pit depths •
Slide 7: Katanning Gold Resource – Extensions
7 Katanning Gold Resource – Extensions • 850 metre gap identified in drilling along strike, north from high grade Jinkas lode with coincident geochemical and geophysical anomaly – a prime target to add ounces • High grade mineralisation Jinkas South open along strike Jinkas North • These “gaps” are
Slide 8: Katanning Gold Resource Extensions - Jinkas North
8 Katanning Gold Resource Extensions -Jinkas North • 850 metre gap in drilling north-east of strike extension of high grade Jinkas lode • Coincident geophysical (Fixed Loop EM and gravity) and geochemical anomalies along strike from mineralisation Near surface RIU Explorers Conference February 2019
Slide 9: Katanning Gold Resource Extensions - Jinkas South
9 Katanning Gold Resource Extensions - Jinkas South • Jinkas South - newly identified high grade zone discovered in recent drilling, including 26m @6.6 g/t and 15m @ 3.66 g/t Au down dip of current Resource • Open along strike over 300 metres and down dip – another prime target for high grade ounces
Slide 10: Near Resource Potential
10 Near Resource Potential Jinkas South Trend New discovery – high grade mineralisation southeast of Jinkas deposit Open along strike and down dip Recent drilling confirms broad zone of high-grade mineralisation open along strike significant intercepts include • 12.5m @ 1.58 g/t Au from 117.6m
Slide 11: Near Resource Potential – Jinkas
Near Resource Potential – Jinkas RIU Explorers Conference February 2019 11
Slide 12: Regional Potential
12 Regional Potential • Two newly identified gold mineralised trends within 5km of Jinkas Resource • Near Resource gold targets within trucking distance • Massive ground position 4,000km2 covering 130km strike - 46 Regional gold targets identified • 6 advanced vanadium prospects identified at Red Hi
Slide 13: New Discoveries 'Near Mine'
13 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: Parallel structure Lukin and RIU Explorers Conference February 2019 Ano
Slide 14: New Regional Targets - Western Trends
14 New Regional Targets - Western Trends • New gold mineralised trends identified by auger sampling • 10 km strike length and no previous drilling • Targeted Infill auger 200 x 200m sampling complete – results for 800 samples pending • Aircore drilling planned Q1 2019 RIU Explorers Conference Februa
Slide 15: Significant Regional Potential
15 Significant Regional Potential • Landholding > 4,000 km2 Bottleneck trend: • 130 km strike length with major crustal Gold in stream boundary under explored and highly sediments prospective Ground • New geological model provides framework for geophysics and exploration with existing geochemica
Slide 16: Timeline
16 16 Timeline Katanning Yamarna JV • Exploration drilling regional targets AC and RC drilling • Metallurgical testing Doolgunna JV • Resource upgrade Results diamond drill program & gold targets Q1 2019 Q3 2019 Q4 2019 RIU Explorers Conference February 2019 Q2 2019 Q1 2020 Katanning Regional Katann
Slide 17: Summary
17 Summary • 1 million ounce gold Resource at Katanning • Potential to significantly increase current Resource with high grade mineralisation identified north & south along strike • Pit optimization & metallurgical studies underway to convert RIU Explorers Conference February 2019 Resources to minea
Slide 18: Thank you
18 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building RIU Explorers Conference February 2019 140 St Georges Terrace Perth WA 6000
Slide 19: Appendix 1: Ausgold Projects
19 Appendix 1: Ausgold Projects Doolgunna Station(100% Cu, Au) • Farm-in agreement with Intrepid Resources (IAU:ASX). Ausgold retains 20% free carry decision to mine • 192 km2 prospective ground adjacent to DeGrussa VMS deposit • VMS copper-gold and Plutonic-style gold targets Cracow (Au-Cu, 100%- R
Slide 20: Red Hill Vanadium Project – A Valuable Acquisition
20 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 21: Doolgunna Joint Venture
21 Doolgunna Joint Venture • Located in WA’s Bryah Basin (150km north-east of Meekatharra) • Highly prospective for VMS copper-gold and Plutonic-style gold mineralisation, adjacent to DeGrussa VMS deposit • Recent farm-in agreement with Intrepid Resources (ASX:IAU). Ausgold retains 30% contributing
Slide 22: Yamarna – Central Western Australia
22 Yamarna – Central Western Australia • Located in highly prospective Yamarna Greenstone Belt 125 kilometres north-east of Laverton in central Western Australia • Significant copper-nickel-cobalt discovery hosted within an underexplored belt • Farm-in agreement with Great Boulder Resources (ASX:GBR
Slide 23: Cracow - Queensland
23 Cracow - Queensland • 375km NW of Brisbane - well serviced by major roads • Covers over 200km2 and hosts Camboon Volcanics which are the same as those that host Evolution’s Cracow mine • Grab samples contain native copper, chalcocite and malachite, assay grades up to 1.8% Cu; 5.5 g/t Ag • Spectra
Slide 24: Appendix 2: Resources Table
24 Appendix 2: Resources Table Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade (Mt) (g/t) Koz (Mt) (g/t) Koz (Mt) (g/t) Koz (Mt) (g/t) Koz Measured Indicated Inferred Total Oxide 0.2 1.46 8 0.6 1.14 23 0.7 0.96 22 1.5 1.09 52 Transition 0.4 1.49 21 1.2 1.16 44 1.5 0.98 48 3.1 1.12 113 RIU Explor