Austral Gold Limited · ASX:AGD
Austral Gold — Shareholder Meeting (May 2020)
34 slides from Austral Gold's shareholder meeting presentation, May 27, 2020
Slide 1: Austral Gold Limited 2020 Annual General Meeting
AUSTRAL GOLD LIMITED 2020 ANNUAL GENERAL MEETING TIME: 8.00am (AEST) DATE: Wednesday, 27 May 2020 PLACE: Virtual Meeting through Lumi on-line platform ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 2: Disclaimer
DISCLAIMER Before reading the Chairman’s message, we caution you that statements in this Chairman’s message that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections - statements regarding futu
Slide 3: Chairman's Message
GOLD LIMITED CHAIRMAN’S MESSAGE AUSTRAL Eduardo Elsztain Chairman ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 4: Chairman's Message
Dear Shareholders, I am pleased to report that 2019 was another solid year for Austral Gold Limited that created a strong foundation for the GOLD LIMITED future of your Company. Our operations in Chile generated sound cash flows through the realisation of higher gold and silver prices, CHAIRMAN’S im
Slide 5: Chairman's Message
The Guanaco/Amancaya mine complex is our primary cash generating asset after placing our Casposo mine in Argentina on GOLD LIMITED care & maintenance in April 2019. However, we have a clear objective to recommence mining operations at Casposo. To CHAIRMAN’S accomplish this objective, we increased ou
Slide 6: Chairman's Message
Further, we intend to advance the Pingüino project in Santa Cruz, Argentina by continuing with exploration activities and the potential acquisition of Sierra Blanca as announced on 1 April 2020. GOLD LIMITED In addition to improved operational and financial results, we met a key strategic objective
Slide 7: Chairman's Message
In 2020 we plan to build upon the accomplishments we made this year. We forecast production to be at 55,000-60,000 gold equivalent ounces. However, we are currently unable to determine the potential impact on our annual 2020 production guidance from the measures taken to de-risk the impact of GOLD L
Slide 8: Chairman's Message
Safety is a significant priority for Austral Gold. We are committed to the well-being of our employees and the communities in which we operate, and continue to promote the highest health, safety and environmental standards. We are very supportive of the local communities in which we operate through
Slide 9: Chairman's Message
I would like to thank our shareholders for their continued support, all of our employees and contractors, and our Board members for their hard work and dedication during this year. GOLD LIMITED Finally, we want to update our shareholders on negotiations with the Unions at the Guanaco and Amancaya mi
Slide 10: Online Attendees – Question Process
1 ONLINE ATTENDEES – QUESTION PROCESS 2 1 2 3 When the Question function is To send in a question, simply Your question will be sent available, the Q&A icon will click in the ‘Ask a question’ box, immediately for review appear at the top of the app. type your question and the press the send arrow AS
Slide 11: Online Attendees – Voting Process
4 ONLINE ATTENDEES – VOTING PROCESS 5 4 5 6 When the poll is open, the vote To vote simply select the There is no submit or send will be accessible by selecting direction in which you would like button, your selection is the voting icon at the top of the to cast your vote, the selected automatically
Slide 12: Adoption of the financial report for the period ended 31 December 2019
ORDINARY BUSINESS - ITEM 1 Adoption of the financial report for the period ended 31 December 2019 To receive and to consider the Company’s Financial Report, the Director’s Report and the Auditor’s Report for the period ended 31 December 2019. Note: This item of ordinary business is for discussion on
Slide 13: To adopt the remuneration report for the period ended December 2019
RESOLUTION 1 To adopt the remuneration report for the period ended 31 December 2019 Resolution 1 is as follows: To consider and, if thought fit, to pass Resolution 1 to adopt the Remuneration Report for the period ended 31 December 2019, as an ordinary resolution. ASX:AGD | TSX-V:AGLD | www.australg
Slide 14: Remuneration report – Proxy results
RESOLUTION 1 – PROXY RESULTS To adopt the remuneration report for the period ended 31 December 2019 Proxy Vote Number of Proxy Votes % FOR 5,081,061 98.76 AGAINST 33,070 0.64 OPEN 30,660 0.60 ABSTAIN 413,457,359 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 15: Re-election of Mr Benjamin Jarvis
RESOLUTION 2 That Mr Benjamin Jarvis be re-elected as a Director of the Company Resolution 2 is as follows: To consider and, if thought fit, to pass Resolution 2: That Mr Benjamin Jarvis be re-elected as a Director of the Company, as an ordinary resolution. ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 16: Benjamin Jarvis – Proxy results
RESOLUTION 2 – PROXY RESULTS That Mr Benjamin Jarvis be re-elected as a Director of the Company Proxy Vote Number of Proxy Votes % FOR 418,508,251 99.98 AGAINST 62,022 0.01 OPEN 24,860 0.01 ABSTAIN 7,017 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 17: Re-election of Mr Eduardo Elsztain
RESOLUTION 3 That Mr Eduardo Elsztain be re-elected as a Director of the Company Resolution 3 is as follows: To consider and, if thought fit, to pass Resolution 3: That Mr Eduardo Elsztain be re-elected as a Director of the Company, as an ordinary resolution. ASX:AGD | TSX-V:AGLD | www.australgold.c
Slide 18: Eduardo Elsztain – Proxy results
RESOLUTION 3 – PROXY RESULTS That Mr Eduardo Elsztain be re-elected as a Director of the Company Proxy Vote Number of Proxy Votes % FOR 389,562,930 99.98 AGAINST 65,951 0.02 OPEN 24,860 0.01 ABSTAIN 28,948,409 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 19: Re-election of Mr Pablo Vergara Del Carril
RESOLUTION 4 That Mr Pablo Vergara Del Carril be re-elected as a Director of the Company Resolution 4 is as follows: To consider and, if thought fit, to pass Resolution 4: That Mr Pablo Vergara Del Carril be re-elected as a Director of the Company, as an ordinary resolution. ASX:AGD | TSX-V:AGLD | w
Slide 20: Pablo Vergara Del Carril – Proxy results
RESOLUTION 4 – PROXY RESULTS That Mr Pablo Vergara Del Carril be re-elected as a Director of the Company Proxy Vote Number of Proxy Votes % FOR 418,508,251 99.98 AGAINST 61,684 0.01 OPEN 24,860 0.01 ABSTAIN 7,355 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 21: Re-election of Mr Robert Trzebski
RESOLUTION 5 That Mr Robert Trzebski be re-elected as a Director of the Company Resolution 5 is as follows: To consider and, if thought fit, to pass Resolution 5: That Mr Robert Trzebski be re-elected as a Director of the Company, as an ordinary resolution. ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 22: Robert Trzebski – Proxy results
RESOLUTION 5 – PROXY RESULTS That Mr Robert Trzebski be re-elected as a Director of the Company Proxy Vote Number of Proxy Votes % FOR 418,542,937 99.98 AGAINST 26,772 0.01 OPEN 24,860 0.01 ABSTAIN 7,581 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 23: Re-election of Mr Saul Zang
RESOLUTION 6 That Mr Saul Zang be re-elected as a Director of the Company Resolution 6 is as follows: To consider and, if thought fit, to pass Resolution 6: That Mr Saul Zang be re-elected as a Director of the Company, as an ordinary resolution. ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 24: Saul Zang – Proxy results
RESOLUTION 6 – PROXY RESULTS That Mr Saul Zang be re-elected as a Director of the Company Proxy Vote Number of Proxy Votes % FOR 418,486,264 99.97 AGAINST 85,607 0.02 OPEN 24,860 0.01 ABSTAIN 5,419 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 25: Re-election of Mr Wayne Hubert
RESOLUTION 7 That Mr Wayne Hubert be re-elected as a Director of the Company Resolution 7 is as follows: To consider and, if thought fit, to pass Resolution 7: That Mr Wayne Hubert be re-elected as a Director of the Company, as an ordinary resolution. ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 26: Wayne Hubert – Proxy results
RESOLUTION 7 – PROXY RESULTS That Mr Wayne Hubert be re-elected as a Director of the Company Proxy Vote Number of Proxy Votes % FOR 418,569,795 99.98 AGAINST 2,414 0.01 OPEN 24,860 0.01 ABSTAIN 5,081 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 27: Approval of 10% capacity to issue equity securities
RESOLUTION 8 Approval of 10% capacity to issue equity securities Resolution 8 is as follows: To consider and, if thought fit, to pass Resolution 8: Approval of 10% capacity to issue equity securities , as a special resolution. ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 28: 10% capacity to issue equity – Proxy results
RESOLUTION 8 – PROXY RESULTS Approval of 10% capacity to issue equity securities Proxy Vote Number of Proxy Votes % FOR 418,418,921 99.96 AGAINST 114,865 0.03 OPEN 39,860 0.01 ABSTAIN 28,504 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 29: Approval of maximum aggregate amount of non-executive director fees
RESOLUTION 9 Approval of maximum aggregate amount of non-executive director fees Resolution 9 is as follows: To consider and, if thought fit, to pass Resolution 9: Approval of the maximum aggregate remuneration payable to all non-executive Directors of the Company will not exceed four hundred thousa
Slide 30: Non-executive director fees – Proxy results
RESOLUTION 9 – PROXY RESULTS Approval of maximum aggregate amount of non-executive director fees Proxy Vote Number of Proxy Votes % FOR 4,027,242 98.11 AGAINST 52,552 1.28 OPEN 24,860 0.61 ABSTAIN 414,497,496 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 31: Adoption of new constitution
RESOLUTION 10 Adoption of new constitution Resolution 10 is as follows: To consider and, if thought fit, to pass Resolution 10: Adoption of New Constitution as a special resolution. ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 32: New constitution – Proxy results
RESOLUTION 10 – PROXY RESULTS Adoption of new constitution Proxy Vote Number of Proxy Votes % FOR 418,509,922 99.98 AGAINST 15,591 0.01 OPEN 24,860 0.01 ABSTAIN 51,177 N/A ASX:AGD | TSX-V:AGLD | www.australgold.com
Slide 33: Online Attendees – Voting Process
4 ONLINE ATTENDEES – VOTING PROCESS 5 4 5 6 When the poll is open, the vote To vote simply select the There is no submit or send will be accessible by selecting direction in which you would like button, your selection is the voting icon at the top of the to cast your vote, the selected automatically
Slide 34: Online Attendees – Question Process
1 ONLINE ATTENDEES – QUESTION PROCESS 2 1 2 3 When the Question function is To send in a question, simply Your question will be sent available, the Q&A icon will click in the ‘Ask a question’ box, immediately for review appear at the top of the app. type your question and the press the send arrow AS