Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (November 2018)
27 slides from Ausgold's investor presentation, Nov 27, 2018
Slide 1: Ausgold Limited
ASX: AUC Ausgold Limited Investor Presentation - November 2018 Developing a significant gold project in Western Australia’s most exciting underexplored greenstone belt
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 • Underexplored gold province with significant potential • Significant exploration over 2018 with ~25,000m of drilling completed over the past 10 mo
Slide 4: Corporate Snapshot
4 Corporate Snapshot Board of Directors 47.94% Top 20 shareholders Top 20 hold 59.34% of Richard Lockwood Non Executive Chairman 11.4% shares on issue Directors Matthew Greentree Managing Director Executive Director & Denis Rakich Company Secretary 40.66% Geoff Jones Non Executive Director Other Sha
Slide 5: Board of Directors
5 Board of Directors Richard Lockwood - Non Executive Chairman • Founder of Auctus Growth Plc., director of Arlington Group Asset Management Limited and previously Senior Resource Fund Manager at CQS Asset Management Ltd, having merged his New City Investment Management group with CQS in 2007. • For
Slide 6: Katanning Gold Project
6 Katanning Gold Project • 100% AUC-owned • 1.04 Moz gold mineral Resource ,including 483Koz in Measured and Indicated Resource categories • Near Resource Exploration Targets identified • Recent 25,000m exploration drill program • Tenure covering > 4,000 km2 underexplored Archean November 2018 Inves
Slide 7: Regional Near Resource Location
7 Location Underexplored & Highly Prospective • Resource potential > 17 km strike length Archean gold province • Multiple favourable structures • Newly defined western trends < 5km from Near Resource existing Resources • Resource upgrade in November 2018 • Significant drill programs continuing along
Slide 8: Location
Location 8 November 2018 Investor Presentation
Slide 9: Mineral Resource
9 Mineral Resource ✔ Jinkas represents 8.47 Mt at 1.48 g/t Au for 403.1 KOz 47% of gold in Measured and Indicated categories (historical ✔ mining and metallurgical testwork indicates good recoveries) Over 25,000 m of drilling during last 10 months - Resource ✔ November 2018 Investor Presentation upg
Slide 10: Resource Growth
10 Resource Growth • Identified targets within Resource model • Untested “gaps” in drilling, including along strike from key Resource areas • Near surface mineralisation with significant depth potential (resource < 170m depth) Near surface potential November 2018 Investor Presentation
Slide 11: Jinkas in Long Section
11 Jinkas in Long Section • Resource constrained to top 170m, gold mineralisation remains open along strike and down dip • Newly identified high grade mineralisation – further drilling planned • Substantial strike extensions evident with the Resource remaining open with potential for near term explo
Slide 12: Near Resource Potential
12 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 13: Near Resource Potential – Jinkas
Near Resource Potential – Jinkas November 2018 Investor Presentation 13
Slide 14: New Discoveries ‘Near Mine’
14 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 November 2018 Investor Presentation Anomal
Slide 15: New Regional Targets
15 New Regional Targets Datatine • KGP trend known Resource areas Jackson, Trend White Dam, Jinkas & Dingo • Western Trends – gold in historical auger sampling covering two greenstones with over 10 km strike length and no previous drilling • Datatine Trend – strikes towards east, largely untested No
Slide 16: Significant Regional Potential
16 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 17: Timeline
17 17 Timeline Yamarna JV Drilling of untested EM conductor Katanning • Resource infill drilling Doolgunna JV • Exploration drilling regional targets Drilling EIS program & gold targets • Metallurgical testing Q3 2018 Q1 2019 Q3 2019 November 2018 Investor Presentation Q4 2018 Q2 2019 Katanning Regi
Slide 18: Peer Comparison
18 Peer Comparison • The Katanning Gold Project is arguably a “forgotten” asset with significant reinterpretation of the geology and regional potential driving exploration • Ausgold carries a large Resource position and low EV/Resource multiple in comparison to its peers Mkt Cap Gold EV/Resource Com
Slide 19: Summary
19 Summary Extensive land package in an Management driving a critical Funded work programs & strategic exciting new underexplored change in technical understanding partnerships greenstone belt and strategy November 2018 Investor Presentation Resource upgrade for KGP 1.04M oz Multiple assets with gen
Slide 20: Thank you
20 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building November 2018 Investor Presentation 140 St Georges Terrace Perth WA 6000
Slide 21: Appendix 1: Ausgold Projects
21 Appendix 1: Ausgold Projects Doolgunna Station(100%-owned) Gold and copper targets adjacent to world class deposits (Cu, Au) Cracow • Farm-in agreement with Intrepid Resources Gold and copper targets (IAU:ASX). Ausgold retains 20% free carry adjacent to the Cracow decision to mine mine (Au, 100%-
Slide 22: Red Hill Vanadium – Western Australia
22 Red Hill Vanadium – Western Australia • Advanced exploration project with over 115 RC and 6 diamond drill holes • Six prospects identified with near term Resource potential • Mineralisation intersected from surface • Vanadium – magnetite mineralisation interpreted over a strike of 30 km November
Slide 23: Doolgunna Station- Western Australia
23 Doolgunna Station- Western Australia • Located in WA’s Bryah Basin (150km north- east of Meekatharra) • Recent farm-in agreement with Intrepid Resources (ASX:IAU). Ausgold retains 30% contributing interest or 20% free carry to decision to mine • Highly prospective for VMS copper-gold and November
Slide 24: Yamarna – Central Western Australia
24 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 25: Yamarna – Central Western Australia
25 Yamarna – Central Western Australia November 2018 Investor Presentation
Slide 26: Cracow - Queensland
26 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 27: Appendix 2: Resources Table
27 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 Fresh 1.5