Ausgold Limited · ASX:AUC
Ausgold — Shareholder Meeting (November 2014)
25 slides from Ausgold's shareholder meeting presentation, Nov 27, 2014
Slide 1: Annual General Meeting Presentation
For personal use only Annual General Meeting Presentation 27 November 2014
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer For personal use only Competent Person’s Statement The information in this presentation that relates to Exploration Results is based on information compiled by Stephen Thomas, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM).
Slide 3: Capital Structure
Capital Structure For personal use only ISSUED CAPITAL (as at 24.11.14) Ordinary Shares on Issue 230.9M Listed Options1 76.9M Unlisted Options2 4.2M Un-diluted Market Capitalization A$6M MAJOR SHAREHOLDERS Cash at Bank A$0.6M Directors 20% Top 20 Shareholders TRG 12% 70% Praetorian Resources 9% Top
Slide 4: Board of Directors
Board of Directors For personal use only Extensive experience in gold exploration, mine development and financing Strong ownership position with Board holding ~ 20% of ordinary shares DIRECTORS 35 years experience in exploration, mining and project development of over a dozen Robert Pett Chairman mi
Slide 5: Ausgold
Ausgold For personal use only Highly prospective for VMS copper-gold and Plutonic Style gold • Flagship Project – Katanning Gold Project, mineralisation, adjacent to Major epithermal Au/Cu centre South-West, Western Australia DeGrussa VMS deposit defined. Adjacent associated porphyry style intrusive
Slide 6: Katanning Gold Project – Excellent location
Katanning Gold Project – Excellent location For personal use only • Previously unrecognised Archean Greenstone Belt • 2,400km² of tenure (100% AUC) • JORC Resource covered by granted Mining Leases • 40km from Katanning and less than 300km from Perth by sealed highway • Newmont’s Boddington mine (30M
Slide 7: Jinkas Corridor - KGP
Jinkas Corridor - KGP For personal use only • Jinkas corridor of 4km - focus of RC and diamond drilling • Jinkas geological framework – close to adamellite granulite fault contacts • High grade metamorphic equivalents of NE Goldfields Archaean greenstones • Potential for isoclinal folding and repeti
Slide 8: Katanning Gold Project (KGP) – Geological framework
Katanning Gold Project (KGP) – Geological framework For personal use only • Jinkas Corridor – identified over a strike length of 4km with multiple high grade zones • Dingo Corridor – 1.2km mineralisation and open • Mineralisation alteration styles − Associated with sulphides (pyrrhotite, pyrite and
Slide 9: Jinkas – Cross Section 18610
Jinkas – Cross Section 18610 For personal use only 9
Slide 10: Jinkas – Cross Section 18670
Jinkas – Cross Section 18670 For personal use only 10
Slide 11: Jinkas – Cross Section 18730
Jinkas – Cross Section 18730 For personal use only 11
Slide 12: Jinkas – Stacked Lodes, White Dam mineralisation in footwall
Jinkas Stacked Lodes – White Dam mineralisation in footwall For personal use only • Gold mineralisation within Jinkas corridor occurs proximal to contacts of adamellite intrusions dipping gently east at 30º (see section) 12
Slide 13: JORC Resource Table
JORC Resource Table For personal use only CUT OFF MEASURED INDICATED INFERRED TOTAL AU G/T MT AU G/T MT AU G/T MT AU G/T MT AU G/T AU KOZ 0.3 2.56 0.89 13.1 0.72 26 0.6 41.7 0.66 878 0.4 2.03 1.03 9.54 0.86 16 0.7 27.6 0.78 691 0.5 1.64 1.17 7.22 0.99 10 0.8 18.9 0.90 549 0.6 1.33 1.32 5.54 1.13 7 1
Slide 14: Jinkas – Proposed drilling program
Jinkas Proposed drilling program For personal use only • Focus delineation shallow higher grade measured and indicated resource − 3,000 metres of RC − 600 metres of diamond − Approximately 70 holes • Current resource is 10.4Mt at 1.2g/t Au (403koz Au) (MPR Geological Consultants Dec 2012) • Drilling
Slide 15: Jinkas – Proposed drilling program
Jinkas Proposed drilling program For personal use only • Diamond core of mineralisation of “granular quartzite” with laminated pyrhotite = metamorphosed Banded Iron Formation • BIF loci of higher grade mineralisation in BSDD02 (18.6m @ 2.8g/t) and BSDD05 (25.6m @ 2.9g/t) 100m apart • Association of
Slide 16: Dingo – Proposed drilling program
Dingo Proposed drilling program For personal use only • Plan to drill 1,000m of RC and 400m of diamond drilling (40 holes) • Focus of drilling is near surface mineralisation: to support cutback and extension of historical open cut • Previous mining campaign restricted to oxide material : anticipate
Slide 17: Priority exploration targets
Priority exploration targets For personal use only • Priority targets identified by SRK Consulting during a re-evaluation of the Katanning Project − Area 1 - Datatine − Area 2 - Jinkas Region − Area 3 - Dingo Area 17
Slide 18: Priority target – Area Datatine
Priority target Area 1 - Datatine For personal use only • Positive drill results – aircore drilling targeting Au in soils anomalies has intersected 3 m @ 3.47 g/t Au (BSAC1053) • Soil anomalies follow NE striking fold axes, suggesting mineralisation may be relatively close to surface • Datatine inte
Slide 19: Priority target – Area Jinkas Region
Priority target Area 2 – Jinkas Region For personal use only • Re-interpretation of aeromagnetic imagery identify folds. To be drill tested • Modelling of fold surfaces in 3D to create a predictive model for identifying blind mineralisation • Geophysical forward and inversion modelling to assist in
Slide 20: Priority target – Area Dingo Region
Priority target Area 3 – Dingo Region For personal use only • The Dingo mineralisation located within a hinge of an isoclinal fold similar to that of Jinkas • However, Dingo mineralisation slightly lower grade than that of Jinkas and plunges to the south. • Ongoing evaluation underway: particularly
Slide 21: Katanning Regional Project (KRP)
Katanning Regional Project (KRP) For personal use only • The Katanning greenstone belt offers potential for identifying multiple deposits • 54 multi-element geochemical targets have been identified for follow-up • Historical economic intersections by previous owners have been identified for follow u
Slide 22: Doolgunna Station
Doolgunna Station For personal use only • Adjacent to Sandfire Resources’ DeGrussa copper-gold project • “Hot” area for similar DeGrussa VMS style copper-gold mineralisation • Project covers >5km strike length of prospective Jenkin Fault and Narracoota Volcanics • Competitive ground position (SFR JV
Slide 23: Cracow Gold-Copper Project
Cracow Gold-Copper Project For personal use only • Major Epithermal/Porphyry systems recognised • Stream sampling and mapping identified – Five large epithermal Au/Cu targets – Eight Au/Cu/multi-element anomalies – Five poly-metallic porphyry intrusive targets • 1,200km2 of tenements over Camboon Vo
Slide 24: Yamarna Copper-Nickel Project
Yamarna Copper-Nickel Project For personal use only • 10 EM anomalies identified • First pass drilling 2010 at Winchester intersected: – 33m @ 0.55% Cu, 0.33% Ni, and 0.02% Co (33m @ 1.55% Cu Eq.) from 27m • Follow up drilling Nov 2011 intersected: – 21m @ 0.63% Cu, 0.20% Ni, and 0.02% Co (1.24% Cu
Slide 25: Thank you
For personal use only Thank you