Ausgold Limited · ASX:AUC
Ausgold — Shareholder Meeting (October 2025)
22 slides from Ausgold's shareholder meeting presentation, Oct 28, 2025
Slide 1: Katanning Gold Project, WA: Clearing the Way
Katanning Gold Project, WA Clearing the Way Strong Gold Production and Excellent Financial Returns over a 10-Year Mine Life Annual General Meeting 28 October 2025 ASX: AUC FRA: AU4
Slide 2: Disclaimer: Important Information
Disclaimer Important Information The following notice and disclaimer applies to this investor presentation (“Presentation”) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting
Slide 3: Disclaimer: Forward looking statements and forecasts
Disclaimer Forward looking statements and forecasts This Presentation contains certain “forward-looking statements” and comments about future matters. Forward-looking statements can generally be identified by the use of forward-looking words such as, “expect”, “anticipate”, “likely”, “intend”, “shou
Slide 4: Corporate Overview
Corporate Overview Capital Structure Share Price $1.20 6 Shares on Issue (M) 433.5 $1.00 5 Unlisted Options (@ A$0.40-0.80) (M) 3.6 $0.80 4 Unlisted Warrants (@ A$0.30) (M) 6.0 Performance Rights (M) 11.0 $0.60 3 Share Price (27-Oct-25) (A$/s) $0.79 $0.40 2 Market Capitalisation (A$M) $342 $0.20 1 C
Slide 5: Long-life, low-risk operation in a Tier-1 jurisdiction
Long-life, low-risk operation in a Tier-1 jurisdiction • Land Access achieved = Significant De-risking Event • Initial 10-year open pit mine in the Tier-1 mining district of Western Australia • Post-tax cashflow of A$1.37B, NPV5 of A$954M and IRR of 53% at a gold price of A$4,300/oz • Rapid payback
Slide 6: Katanning DFS Highlights
Katanning DFS Highlights Australia’s next major gold mine transitioning to development Life-of-Mine Production Profile Gold Recovered (koz) Grade (g/t) 1.38 1.29 1.26 1.33 1.16 1.08 1.09 0.90 2.00 0.67 0.83 150 1.00 Robust Resource Significant and Reserves Production 0.00 Gold Recovered (Koz) 125 (1
Slide 7: Project Costs and Economics
Project Costs and Economics Robust Costs Underpin Outstanding Cash & AISC Margin (A$/oz) Economics Assumptions Unit Years 1-4 Years 1-10 Waste Mined Ktpa 30,887 23,582 Ore Mined Ktpa 4,051 3,481 AISC Margin Cash Margin Mining = $2,127 = $2,035 Total Material Moved Ktpa 34,938 27,063 C1 Site Margin -
Slide 8: Katanning – Low-Cost Production
Katanning – Low-Cost Production Positioned in the Lower Half of the Cost Curve Cost Curve – Australia and New Zealand Gold Mines Quartile 1: Quartile 2: Quartile 3: Quartile 4: A$1,226 – A$2,126 A$2,126 – A$2,380 A$2,380 – A$2,703 A$2,703 – A$3,687 Macraes 4,000 Mount Monger Murchison Duketon South
Slide 9: Updated Resource: More robust, more rigorous, ready for mining
Updated Resource: More robust, more rigorous, ready for mining Updated MRE of 69Mt @ 1.11g/t Au for 2.44Moz Constrained to A$4,500/oz optimised pit shell Cut-off grade of 0.35g/t Au supported by DFS financial modelling • More conservative pit shell constraint versus previous MRE, which was only dept
Slide 10: Updated Reserve: More robust, more rigorous, ready for mining
Updated Reserve: More robust, more rigorous, ready for mining CONTAINED • Updated Ore Reserve of 35.2Mt at 1.11g/t Au for 1.25Moz CATEGORY TONNES (MT) GRADE (G/T AU) GOLD (OZ) • Significantly de-risked with ~84% classified as Proven PROVED 27.6 1.15 1,015.3 CENTRAL • Conservative A$3,000/oz gold pri
Slide 11: Processing: Straightforward
Processing: Straightforward 3.6Mtpa CIL Gold Plant • Conventional single stage crush, SAG and ball mill configuration to produce 80% passing 75 µm • Gravity recoveries of 25% LOM • Hybrid CIL circuit comprising two leach tanks and six CIL adsorption tanks • Design criteria facilitates future plant e
Slide 12: Transformative Land Acquisitions Pave Way for KGP to Move Forward
Transformative Land Acquisitions Pave Way for KGP to Move Forward • August 2025 land acquisition allows significant flexibility and increases Life of Mine gold production and resolved long-running legal action • Land access has been denied to Ausgold for three years – we now own this land • Removes
Slide 13: Progression of land holdings over the past months
Progression of land holdings over the past 12 months Jun-24 Sep-24 Jul-25 Aug-25 Oct-25 13
Slide 14: Planning underway for multi-rig drilling program, targeting key areas
Planning underway for multi-rig drilling program, targeting key areas Significant intercepts returned from Ausgold drilling within the Central Zone that will now be followed up include: • 16m @ 19.25g/t Au from 97m in BSRC0015 (Jinkas) • 6m @ 15.45g/t Au from 114m in BSRC0871 (Jinkas) • 26m @ 6.60g/
Slide 15: Next Steps: Resource Growth & De-risking
Next Steps: Resource Growth & De-risking Advancing the KGP toward development Ongoing drilling targeting growth and de-risking of Resource 1. Open Pit Growth ‘Low hanging fruit’ down-dip and down-plunge of Jinkas-White Dam lodes, where pit optimisations are constrained by drill density. This drillin
Slide 16: Regional Exploration
Regional Exploration Large regional land package under Ausgold ownership • +3,000km2 of high-quality exploration tenure surrounding the KGP • Captures almost the entire Katanning Greenstone Belt and all known mineralised trends • Key regional trends include: • Stanley Thrust: A regionally significan
Slide 17: Next Steps: Growth through regional exploration
Next Steps: Growth through regional exploration Identify satellite resources proximal to the KGP Regional drilling will target the full pipeline — from untested major soil anomalies through to establishing the first satellite Resource to complement the KGP 1. Nanicup Bridge-Zinger Deposit (NBZ) - 40
Slide 18: Next Steps: Growth through regional exploration
Next Steps: Growth through regional exploration Identify satellite resources proximal to the KGP 2. Kraken Prospect (Farm-In) - 75km NE of the KGP, part of the overall Kulin Project. - Kraken boasts a 3km gold-in-soil anomaly (up to 399ppb Au) with surface trenching up to 31m @ 1.0g/t, but the targe
Slide 19: Permitting Underway
Permitting Underway Straightforward project in Tier 1 jurisdiction • Project footprint designed to minimise disturbance to established eucalyptus woodland areas • Tailings Storage Facility (TSF) and main waste dump to form an Integrated Landform to minimise footprint and optimise post-closure landfo
Slide 20: Next Steps: Upcoming News Flow and Key Milestones
Next Steps: Upcoming News Flow and Key Milestones Advancing the KGP toward development • Finalise lease negotiations for Accommodation Village with the Shire of Katanning • Continued community engagement and consultation with local community groups • Early engineering works to allow ordering of long
Slide 21: On track to become Australia's next mid-tier gold producer
On track to become Australia’s next mid-tier gold producer High Quality Project Dominant Landholding Strong Team to Deliver Infrastructure • Open-pit • >3,000km2 of tenure • Track record of value-creation • Mining Permit • Straightforward CIL plant • Includes mineralised trends • Refreshed board wit
Slide 22: Ausgold Limited contact details
ASX: AUC FRA: AU4 Ausgold Limited Authorised for release by the Board of Directors T: (08) 9220 9890 Level 1, 307 Murray Street, Perth WA 6000 info@ausgoldlimited.com www.ausgoldlimited.com 22