Ausgold Limited · ASX:AUC
Ausgold — RIU Explorers Conference 2018
28 slides from Ausgold's conference presentation, Feb 22, 2018
Slide 1: RIU Explorers Conference
ASX: AUC For personal use only RIU Explorers Conference February 2018 Developing a significant gold project in WA’s most exciting underexplored greenstone belt 22/02/2018 RIU Explorers Conference
Slide 2: A WA Gold Exploration & Development Company
A WA Gold Exploration & Development Company 2 • Significant landholding (4,165km2) in the South West Archean Yilgarn Craton • Ownership of an underexplored and highly prospective greenstone belt For personal use only • Rejuvenated Board and management with significant resources sector experience • K
Slide 3: Corporate Snapshot
Corporate Snapshot 3 $0.060 8,000 For personal use only Directors Volume 7,000 4% $0.050 6,000 $0.040 Chalice Gold Mines 5,000 11.4% '000 6% $0.030 4,000 3,000 Major Gold Elegant (HK) $0.020 2,000 shareholders Investment Ltd $0.010 1,000 BMP Capital Ltd $0.000 - Jun 2017 Mar 2017 May 2017 Aug 2017 O
Slide 4: Experienced Board & Management
Experienced Board & Management For personal use only 4 Investment professional with 45 years’ experience in mining, funds Richard Lockwood management and gold mining investment. Founder of New City Investment Non Executive Chairman Management. Geologist with 19 years’ experience in mineral explorati
Slide 5: Location, Location, Location
Location, Location, Location For personal use only 5 Large Landholding, Excellent Location • Katanning Greenstone Belt - underexplored and highly prospective • Better understanding of geology using new generation geophysical and geochemical data • Major mineralised greenstone belt 130 kms long • Sig
Slide 6: Katanning Gold Project (KGP)
Katanning Gold Project (KGP) For personal use only 6 Underexplored Archean greenstone gold terrane Updated Mineral Resources of 785 koz1 100% AUC-owned contiguous tenure covering 4,165 km2 130 km strike length Over 98% of tenure remains untested Multitude of untested drill ready targets
Slide 7: A Forgotten and Underexplored Greenstone Belt
A Forgotten and Underexplored Greenstone Belt For personal use only 7 Near mine Regional exploration • Gold mineralisation over 17km of strike • Untested greenfield potential – 4,165 km2 length • Identification of greenstones using low cost • Untested targets along strike from existing exploration t
Slide 8: Mineral Resource At KGP
Mineral Resource At KGP For personal use only 8 46% of gold in Measured and Indicated categories ✔ (historical mining and metallurgical test work indicates good recoveries) Drilling has targeted extensions of current Resources and ✔ the addition of Fraser and Jinkas South ✔ Jinkas represents 6.8 Mt
Slide 9: Targeting New Discoveries 'Near Mine'
Targeting New Discoveries ‘Near Mine’ 9 Near Mine: Repetitions along strike For personal use only Datatine: Multiple targets New discovery AC drill anomalies High grade gold Gravity and VTEM Validates anomalies geological model Near Mine: Lukin and 22/02/2018 RIU Explorers Conference
Slide 10: Datatine
Datatine 10 • High grade gold mineralisation identified over > 600m strike length and remains open For personal use only • EIS co-funded diamond drilling • Drilling over 400m strike length Significant results include: • 25m @ 2.47 g/t Au (from 20m), including 2m @ 16.26 g/t Au (from 42m) in BSRC0726
Slide 11: KGP - long section view
KGP - long section view 11 • Near surface mineralisation undrilled at White Dam and Jinkas • Significant “gaps” in drilling at Rifle Range, Plant site, Jackson and Jinkas For personal use only • Targets beneath and along strike from Jinkas Near surface potential 22/02/2018 RIU Explorers Conference
Slide 12: Jinkas Long Section
Jinkas Long Section 12 • Northerly-plunging mineralisation • Near surface mineralisation remains open to south For personal use only • Repetitions of high grade mineralisation beneath current mineralisation RIU Explorers Conference 22/02/2018
Slide 13: High grade gold at KGP
13 High grade gold at KGP • Pyrrhotite associated with high grade gold For personal use only mineralisation • EM to target high grade gold mineralisation 22/02/2018 RIU Explorers Conference
Slide 14: New near Resource targets
New near Resource targets 14 • Three mineralised trends • Favourable structural and geological setting For personal use only • Air core (AC) drilling program of 331 holes for 7,810m • Commenced a 24,000 m Reverse Circulation (RC) program 22/02/2018 RIU Explorers Conference
Slide 15: Northern Resource area
Northern Resource area For personal use only 15 Jackson trend Mineralisation intersected in AC drilling north along strike Mineralisation extends beneath granite Jinkas trend Prospective mafic granulite 700m strike from Jinkas Gold in AC drilling follow up RC drilling planned RIU Explorers
Slide 16: Central resource area
16 Central resource area For personal use only Three trends highlighted in AC drilling and geophysics ~600m 22/02/2018 RIU Explorers Conference
Slide 17: RC drill program
RC drill program 17 • 24,000 m drill program For personal use only • Commenced first week of February • Completion ~ 2nd quarter 2018 • Results coming soon 22/02/2018 RIU Explorers Conference
Slide 18: KGP – Significant Greenfields Exploration Potential
KGP – Significant Greenfields Exploration Potential 18 • Large landholding (4,165 km2) • Western margin of Boddington For personal use only Bottleneck trend: terrane Gold and multi-element in • Over 98% of tenure area stream sediments remains untested follow up with ground geophysics and soils s
Slide 19: Timeline
Timeline 19 Katanning • Resource update For personal use only Katanning • RC drilling of Fraser, Lukin, Datatine • AC drilling of Jackson-Lone Yamarna Tree, Olympia Potential drilling of Katanning untested EM • Resource infill drilling & conductor further exploration Doolgunna Test Cu targets drilli
Slide 20: Peer Comparison
Peer Comparison 20 • The Katanning Gold Project is arguably a “forgotten” asset For personal use only • The KGP had not been materially progressed over the last 3 or 4 years until a recent reinterpretation of the geology and regional potential • Ausgold carries a large Resource position and low EV/R
Slide 21: Other Projects
Other Projects For personal use only 21 Doolgunna Station Gold and copper targets adjacent to world class deposits (Cu, Au, 100%-owned) • 150km NE of Meekatharra • 192 km2 prospective ground adjacent to DeGrussa VMS deposit Cracow • Highly prospective for VMS copper- Gold and copper targets gold and
Slide 22: Doolgunna Station – Western Australia
Doolgunna Station – Western Australia 22 • Located in WA’s Bryah Basin (150km north-east of For personal use only Meekatharra) • Highly prospective for VMS copper-gold and Plutonic-style gold mineralisation, adjacent to DeGrussa VMS deposit • Highly prospective for gold and copper mineralisation 22/
Slide 23: Cracow − Queensland
Cracow − Queensland For personal use only 23 • Lies 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, with assay grades up
Slide 24: Yamarna – Central Western Australia
Yamarna – Central Western Australia For personal use only 24 • 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 • regional structures and greensto
Slide 25: Summary
Summary For personal use only 25 Extensive land package in an New management driving a Recent capital raising to exciting new underexplored critical change in technical support work programs greenstone belt understanding and strategy Significant Resource upgrade Multiple assets with genuine 22/02/20
Slide 26: Thank you
26 Thank you Dr Matthew Greentree For personal use only Chief Executive Officer Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace Perth WA 6000 22/02/2018 RIU Explorers Conference
Slide 27: Appendix 1: Resource Table
Appendix 1: Resource Table 27 • KGP Mineral Resource estimates (2017; SRK Consulting, developed in accordance with JORC 2012) For personal use only • Note: the Mineral Resource is reported at a lower cut-off grade of 0.50g/t gold. • The topographic surface at the KGP is at approximately 360mRL, with
Slide 28: Disclaimer
Disclaimer 28 Competent Person’s Statement The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Dr Matthew Greentree For personal use only who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) a