Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (April 2019)
21 slides from Ausgold's investor presentation, Apr 15, 2019
Slide 1: Ausgold Limited
ASX: AUC Ausgold Limited April 2019 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: Corporate Snapshot
3 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 4: Investment Highlights
4 Investment Highlights • 1 million ounce Resource at 1.29 g/t gold Low cost exploration delivering high • Existing shallow Resource (<170m depth) open along strike and depth value discovery in Australia’s most • Excellent near term growth potential with ongoing focused exciting underexplored Greens
Slide 5: Highlights – Katanning Gold Project
5 Highlights – Katanning Gold Project 1 million ounce Resource at 1.29 g/t gold • Resource limited to shallow (<170m) open pit depths –additional underground potential • 483K ounces (47%) in the Measured and Indicated categories • Pit optimization and metallurgical studies underway to target mineabl
Slide 6: Timeline
6 6 Timeline Katanning Yamarna JV • Metallurgical testing AC and RC drilling • Resource upgrade Doolgunna JV • Scoping Study Results diamond drill program Q1 2019 Q3 2019 Q1 2020 Q2 2019 Q4 2019 Investor Presentation - April 2019 Katanning (complete) Katanning (continuing) • 4,000m RC drill program
Slide 7: Katanning Gold Resource – Million Ounces & Growing
7 Katanning Gold Resource – 1 Million Ounces & Growing • 1.038 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 constrained to 170 metres ve
Slide 8: Katanning Gold Resource Extensions
8 Katanning Gold Resource Extensions • Jinkas South high grade mineralisation identified along a strike length of 350m • 850 metre gap in drilling along strike, north from high Jinkas North grade Jinkas lode with coincident geochemical and geophysical anomaly – a prime target to add ounces • Undergr
Slide 9: Katanning Gold Resource Extensions
9 Katanning Gold Resource Extensions • Jinkas North - 850 metre gap in drilling along strike high grade Jinkas lode coincident geophysical (Fixed Loop EM, gravity and magnetic) and geochemical anomalies • Jinkas South – High grade mineralisation intersected over 350 m, remains open with results pend
Slide 10: Katanning Gold Resource Extensions
10 Katanning Gold Resource Extensions • Jinkas South - newly identified high grade zone discovered in recent drilling, including 26m @6.6 g/t, 16 m @ 6.21 g/t and 15m @ 3.66 g/t Au • New Jinkas South high grade mineralisation over 350 metres strike length – open along strike • Remains open along str
Slide 11: Jinkas South high-grade mineralisation
Jinkas South high-grade mineralisation 11 • New high grade discovery – southeast of Jinkas deposit • High-grade mineralisation over a 350m strike length • RC and diamond drilling currently underway with Results Pending • Recent significant intercepts include: 26m @ 6.6 g/t Au from 117m including 4m
Slide 12: Regional Potential
12 Regional Potential • Two newly identified gold mineralised trends parallel to main deposit each along a 10km strike length and within 5km of Jinkas Resource • Multiple near-Resource gold targets within trucking distance remain to be drill tested • Extensive ground position 4,000km2 covering 130km
Slide 13: Resource Growth – New Discoveries ‘Near Mine’
13 Resource Growth – New Discoveries ‘Near Mine’ Datatine: Near Mine: ✓ New discovery ✓ Repetitions along strike ✓ High grade gold ✓ Multiple targets ✓ Validates geological model ✓ Gravity ✓ EM targets identified Jinkas North and South ✓ RC drilling – Results Western Trends: Pending ✓ Parallel struc
Slide 14: Western Trends- New Parallel Gold System?
14 Western Trends- New Parallel Gold System? Datatine Trend • Two new gold mineralised trend identified parallel within 5 km of KGP Resource • Gold anomalies from previous auger sampling in two undrilled greenstones belts with 10 km strike length • Auger drilling program completed • Aircore drilling
Slide 15: Extensive Ground Position in underexplored Greenstone Belt
Extensive Ground Position in underexplored 15 Greenstone Belt • Extensive regional ground holding of >4,000 km2 • 130 km strike of underexplored greenstones with major crustal boundaries • Numerous gold anomalies identified with over 46 targets identified • Regional exploration program with highly I
Slide 16: Highlights – Other Projects
16 Highlights – Other Projects • Red Hill Vanadium Project - advanced vanadium exploration with preliminary metallurgical studies completed only 20km from Katanning township with access to rail and grid power • Two fully funded joint ventures on Mines and Money Hong Kong - April 2019 advanced nickel
Slide 17: Red Hill Vanadium Project – A Valuable Acquisition
17 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 18: Yamarna Joint Venture
18 Yamarna Joint Venture • Located in highly prospective Yamarna Greenstone Belt 125 kilometres north-east of Laverton in central Western Australia • Winchester Prospect - significant copper-nickel-cobalt discovery hosted within an underexplored belt • Farm-in agreement with Great Boulder Resources
Slide 19: Doolgunna Joint Venture
19 Doolgunna Joint Venture • Located in WA’s Bryah Basin (150 km north-east of Meekatharra) • Highly prospective for Volcanic Massive Sulpide (VMS) copper- gold and Plutonic-style gold mineralisation, adjacent to DeGrussa VMS deposit • Recent farm-in agreement with Intrepid Resources (ASX:IAU). Ausg
Slide 20: Summary
20 Summary ✓ 1 million+ ounce gold Resource at Katanning ✓ Potential to significantly increase to current Resource with high grade mineralisation along strike ✓ Recent high-grade drill results from Jinkas South ✓ Pit optimization & metallurgical studies underway to convert Resources to mineable ounc
Slide 21: Thank you
21 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace Perth WA 6000 Investor Presentation - April 2019