Austral Gold Limited · ASX:AGD
Austral Gold — Investor Presentation (November 2022)
33 slides from Austral Gold's investor presentation, November 2022
Slide 1: Focused on increasing production and exploring for new gold deposits in the Americas
AGD (ASX) AGLD (TSX-V) Focused on increasing production and exploring for new gold deposits in the Americas Corporate Presentation • November 2022 Private and Confidential
Slide 2: Disclaimer
DISCLAIMER This presentation contains information about Austral Gold Limited ("Austral Gold") and Austral Gold's properties that have been extracted from more comprehensive documents. The information contained is provided in summary form and is qualified in its entirety by the documents from which i
Slide 3: Investment Case
INVESTMENT CASE UNIQUE opportunity for investors seeking exposure to an established gold producer focused on increasing production and exploring for new gold deposits MINING EXPLORATION BOARD/ OPERATIONS FOCUS MANAGEMENT PROFITABLE operations TARGETING High-Sulphidation gold PREVIOUS DISCOVERIES del
Slide 4: A High-Quality Portfolio of Mining Assets Located in Rich Mineral Endowments
A HIGH-QUALITY PORTFOLIO OF MINING ASSETS Owned projects LOCATED IN RICH MINERAL ENDOWMENTS Equity investments Rawhide Mine Nevada, U.S. Walker Line, Nevada, USA Mercur Project Utah, U.S. Rawhide Mine (24%) → Production Triassic Choiyoi Belt, Argentina Casposo Mine (100%) Carlin Trend, Utah, USA →Ca
Slide 5: Board of Directors
BOARD OF DIRECTORS STRONG IN-COUNTRY EXPERIENCE WAYNE HUBERT, EDUARDO ELSZTAIN, Executive Chairman Non-Executive Vice-Chairman • +20 years experience working in the South • Chairman of several major Argentine companies American resources sector including, IRSA, Cresud, BrasilAgro and Banco • Former
Slide 6: Leadership Team
LEADERSHIP TEAM DEMONSTRATED SUCCESS IN EXPLORATION, CONSTRUCTION AND OPERATING MINES STABRO KASANEVA, CEO & Executive Director. Geologist. • CEO since 2016; COO from 2009 to 2016. • Previously, served as Vice President of Operations at Andean Resources Ltd., General Manager of the El Peñón mine in
Slide 7: Flagship Mining Operation: Proven Track Record at Guanaco-Amancaya
FLAGSHIP MINING OPERATION PROVEN TRACK RECORD AT GUANACO-AMANCAYA 7
Slide 8: Guanaco-Amancaya: Proven Track Record and Extended LOM
FLAGSHIP MINING OPERATION GUANACO-AMANCAYA: PROVEN TRACK RECORD AND EXTENDED LOM 2012-2021 2022-2033 10-Year Anniversary Next Phase Historical Average Historical Pre-Tax Free Cash Flow After-tax NPV Production Cash Cost US$133M US$77M 475k AuEq US$760/AuEq (A$190M) (US$1,686/Au) (A$110M) (discount r
Slide 9: Prospective Mining Operations: Opportunity to Re-start Casposo-Manantiales
PROSPECTIVE MINING OPERATIONS OPPORTUNITY TO RE-START CASPOSO-MANANTIALES 9
Slide 10: Opportunity to Re-start Casposo-Manantiales
PROSPECTIVE MINING OPERATIONS OPPORTUNITY TO RE-START CASPOSO-MANANTIALES TARGET CASE ESTABLISHED HISTORICAL RECENT Mineral reserves of Established Historical production Expansion through the ~250k AuEq oz required infrastructure and fully of +500 AuEq oz Manantiales to re-start operations. permitte
Slide 11: Equity Investments: North America Exposure
EQUITY INVESTMENTS NORTH AMERICA EXPOSURE Rawhide Mine Mercur Exploration Project Rawhide Acquisition LLC Ensign Minerals Inc. Third largest shareholder (24%) Second largest shareholder (12%) Gold and Silver open-pit operation and a heap-leaching Early exploration project consolidating a major proce
Slide 12: Exploration Focus
EXPLORATION FOCUS BROWNFIELD: EXISTING OPERATIONAL CLUSTERS • Guanaco-Amancaya (Chile) • Casposo-Manantiales (Argentina) GREENFIELD: ATTRACTIVE OPPORTUNITIES • Palaeocene Belt (Chile) • Indio Belt (Argentina) • Deseado Massif (Argentina) 12
Slide 13: Paleocene Belt – Chile
PALEOCENE BELT – CHILE HIGH-QUALITY LAND Austral Footprint in the Paleocene Belt PORTFOLIO Favorable alteration (Advanced Argillic) Chuquicamata Faults El Peñon Mine HS Type properties (Yamana Gold) MONTEZUMA Spence Centinela IS Type properties CERRO BLANCO Gaby 1. Favorable gold endowment 1. Favora
Slide 14: Guanaco District (Chile) Brownfield Exploration Activities
GUANACO DISTRICT (CHILE) BROWNFIELD EXPLORATION ACTIVITIES (2022/2023) Guanaco District Dumbo Define the remanent resources from the former open pit (OP) Cachinalito – Los Nanos areas Perseverancia Drill to confirm further Dumbo – Chilena mineralisation at the ledges at Natalia strike and depth C. O
Slide 15: Amancaya (Chile) Brownfield Exploration Activities
AMANCAYA (CHILE) BROWNFIELD EXPLORATION ACTIVITIES (2022/2023) Amancaya District Central Vein Developing deeper levels at Amancaya’s UG main vein Oeste Vein New opportunity to increase Amancaya’s mineral resources inventory 15
Slide 16: Palaeocene Belt – Chile: Morros Blancos Project
PALAEOCENE BELT – CHILE EXPLORING FOR HIGH-SULPHIDATION DEPOSITS MORROS BLANCOS PROJECT * Morros Blancos Property Rosario del Alto Target 1. Diatreme-maar centers 2. Phreatomagmatic breccias control the HS alteration 3. Steam heated alteration confirms fully preserved systems 4. Morros Blancos’ targ
Slide 17: Palaeocene Belt – Chile: Sierra Inesperada Project
PALAEOCENE BELT – CHILE EXPLORING FOR HIGH-SULPHIDATION DEPOSITS SIERRA INESPERADA PROJECT* 1. Diatreme-maar Sierra Inesperada centers 439,400 E Section 2. Phreatomagmatic (looking west) breccias control the HS alteration 3. Steam heated alteration confirms fully preserved systems 17 * Austral owns
Slide 18: Casposo-Manantiales (Argentina)
CASPOSO-MANANTIALES (ARGENTINA) CONSOLIDATE ~ 250K OZ GOLD MINERAL RESERVES TO RESART OPERATIONS Manantiales Cerro Amarillo MANANTIALES NORTE FABIOLA MANANTIA VALENTINA AWA LES LA DA PUERTA JULIETA Process Plant CASPOSO Faults Aster Illite alteration Casposo Tenure Manantiales Tenure 18
Slide 19: Casposo-Manantiales (Argentina) Cont'd
CASPOSO-MANANTIALES (ARGENTINA) (CONT’) CONSOLIDATE ~ 250K OZ GOLD MINERAL RESERVES TO RESART OPERATIONS Manantiales Vein - Longitudinal Section Exploring for blind ore-shoots S N Protected Block Structural Pop-Up Protected Block 3300 MDH-22-064 15.61 gpt Au & 81 gpt Ag 2.35m MDH-22-061 MDH-22-060 E
Slide 20: Indio Belt – Argentina: Jaguelito Project
INDIO BELT – ARGENTINA HIGH-SULPHIDATION OPPORTUNITY* JAGUELITO PROJECT* 1. Located in a world class Pascua Lama Pz Basement endowed gold belt (Pascua Favorable alteration (Advanced Argillic) Miocene Volcanic Complex Lama, Veladero, Alturas) Veladero Austral properties Gold grade drillholes Silver g
Slide 21: Deseado Massif – Argentina: Pingüino & Sierra Blanca
DESEADO MASSIF – ARGENTINA NEW COMBINED MINING CLUSTER PINGÜINO & SIERRA BLANCA PROJECTS • Located in the prolific Cerro Negro CHILE ARGENTINA corridor defined by 7,1 Moz Au 44 Moz Ag Sierra Blanca (AGA-ND) Chala Cerro Vanguardia and Cerro Negro deposits. Cerro Bola • At Sierra Blanca, Lucila proxim
Slide 22: Upcoming News and Developments
UPCOMING NEWS AND DEVELOPMENTS Q3 Q4 Q1 Q2 Q3 Q4 2022 2022 2023 2023 2023 2023 Casposo-Manantiales • Drilling campaign of ~5,000 meters Brownfield Exploration Guanaco-Amancaya • Drilling campaign of ~1,500 meters at Amancaya Oeste Vein • Drilling campaign of ~1.500 meters at Cachinalito-Los Nanos Ve
Slide 23: Corporate Overview
CORPORATE OVERVIEW Capital Structure 1. Dual-listed company on ASX and TSXV Exchange/Symbol ASX: AGD, TSX-V:AGLD 2. Capital Structure with low levels Share Price (1) A$0.042 (C$0.035) of Financial Debt for a Producer 3. Highly Supportive Major 52 Week Trading Range (1) A$0.039 – A$0.12 Shareholder S
Slide 24: Significant Re-rating Potential
SIGNIFICANT RE-RATING POTENTIAL VALUE DRIVERS 1 2 3 Stock price to reflect Re-start the Casposo- Discover a new High- Guanaco - Amancaya NPV Manantiales Mine Complex Sulphidation project SIGNIFICANT OPPORTUNITY TO SEVERAL RE- RATING TO INCREASE AGD OPPORTUNITIES US$77M NPV PRODUCTION BY IN EXISTING
Slide 25: Appendix
APPENDIX 25
Slide 26: Fully Funded Austral's Strategic Investments
GUANACO-AMANCAYA MINING OPERATIONS FULLY FUNDED AUSTRAL´S STRATEGIC INVESTMENTS +US$60M invested in various M&A transactions including two friendly takeovers of TSXV listed companies 2013 2014 2016 2017 2019 2020 2021 2022 15% Private Acquisition of 51% Acquisition Acquisition of two Acquisition of
Slide 27: Summary of Mineral Resources – December 31, 2021
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX SUMMARY OF MINERAL RESOURCES – DECEMBER 31, 2021 Tonnes Grade Contained Metal Classification (000 t) (g/t Au) (g/t Ag) (000 oz Au) (000 oz Ag) Guanaco Underground Measured 581 2.61 12.67 48.7 236.6 Indicated 868 2.31 17.67 64.5 492.9 M+I 1,448 2.
Slide 28: Summary of Mineral Resources – December 31, 2021
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX SUMMARY OF MINERAL RESOURCES – DECEMBER 31, 2021 Classification Tonnes Grade Contained Metal (000 t) (g/t Au) (g/t Ag) (000 oz Au) (000 oz Ag) Amancaya Julia and Cerro Amarillo Projects Underground Measured - - - - - Indicated 72 5.36 9.50 12.4 2
Slide 29: Summary of Mineral Resources – December 31, 2021 (Notes)
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX SUMMARY OF MINERAL RESOURCES – DECEMBER 31, 2021 Notes: 1. Mineral Resources followed CIM (2014) definitions and are compliant with the JORC Code. 2. Mineral Resources are reported on a 100% ownership basis. 3. Mineral Resources are inclusive of
Slide 30: Mineral Reserves – December 31, 2021
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX MINERAL RESERVES – DECEMBER 31, 2021 Tonnes Grades Contained Metal Category (000 t) (g/t Au) (g/t Ag) (000 oz Au) (000 oz Ag) Underground (Amancaya) Proven 47 5.74 11.51 9 17 Probable 251 5.01 12.95 40 105 Subtotal Underground 298 5.13 12.72 49 1
Slide 31: Mineral Reserves – December 31, 2021 (Notes)
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX MINERAL RESERVES – DECEMBER 31, 2021 Notes: 1. Mineral Reserves follow CIM (2014) definitions and are compliant with the JORC Code. 2. Mineral Reserves are reported on a 100% ownership basis and estimated at the following cut-off grades: • Amanca
Slide 32: Mineral Resources – August 8, 2014 (Pingüino)
TECHNICAL REPORT ON THE PINGÜINO PROJECT MINERAL RESOURCES – AUGUST 8, 2014 Variable cut-off Grade (g/t) Grade Ounces ('000s) Pounds (000's) Tonnes (000's) Ag Eq. Ag Au Zn (%) Pb (%) Ag Ag Eq. Au Zn Pb Indicated 6,281 132.3 103.4 0.58 0.77 0.54 20,877 26,717 116.8 107,225 74,993 Inferred 2,207 98.0
Slide 33: Contact Info
AGD (ASX) AGLD (TSX-V) Focused on increasing production and exploring for new gold deposits in the Americas Stabro Kasaneva, CEO Jose Bordogna, CFO Contact Info: stabro.kasaneva@australgold.com jose.bordogna@australgold.com