Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (May 2022)
26 slides from Ausgold's investor presentation, May 2022
Slide 1: Corporate Presentation May 2022
ASX: AUC FRA:AU4 Corporate Presentation May 2022 1
Slide 2: Disclaimer
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 Cunningham of Sonny Consulting Pty Ltd, Daniel Guibal of Condor Consulting Pty Ltd and Mr Michael Lowry of SRK Consulting (Australasia) Pty Ltd
Slide 3: Investment Highlights
Investment Highlights Katanning – An Outstanding Whole of Belt Exploration Play Critical Mass – Large established Resource • 2.16 Moz @ 1.21g/t gold Resource • >1.78 Moz now in the Measured and Indicated category Foundation • 960,000oz added over past year at $11 per resource ounce • Stand-alone gol
Slide 4: Corporate
Corporate Capital Structure Share Price at 25 May 2022 25 Volume $0.0900 Price Shares on Issue 2, 029m 12% $0.0800 Directors 20 $0.0700 Share Volume (M) 15 Unlisted Options (@ A$0.06-0.08) 48m 53% Performance Rights 29m Top 20 35% $0.0600 Other 10 Shareholders $0.0500 Share Price A$0.055 5 $0.0400 M
Slide 5: Background
Background Critical mass foundation established 2.16 Moz @ 1.21g/t Supports a stand-alone gold operation >100kozpa Large Exploration Upgraded Resource Project Infrastructure Program High-impact 30,000m RC 960,000 oz added during last • Excellent infrastructure with: Resource drill program year at lo
Slide 6: Metallurgy
6 Metallurgy Excellent results from first phase metallurgical test work Exceptional gold recoveries Supports simple, low risk operation • Recoveries of coarse gravity gold between 40 – 69% • Testwork demonstrates that Katanning Gold ore is free milling and amenable to a conventional CIL processing f
Slide 7: Building a multi-million ounce mining project
Building a multi-million ounce mining project Large scale activities supporting multi-million ounce Resource ambition High Soils programs priority 20,000m Regional Aircore drilling Gold & PGE Regional geophysics programs targets Follow-up 7,500 RC and diamond drilling including EIS co-funding Up to
Slide 8: Scale Opportunity
Scale Opportunity Whole-of-Belt Exploration Play Improved geological model has identified numerous high-grade targets in untested exploration areas along 17km strike Targeting multiple areas for growth in 1 Rifle Range – 2.5km Resource, which is supported by a number of untested zone 2 outstanding e
Slide 9: Katanning overview
Katanning overview Katanning Long section through KGP M+I Resource over 1.78moz Katanning - Main Strike Zone Areas Resource Categories within KGP 9
Slide 10: Scale Opportunity: Jinkas North and South
Scale Opportunity Jinkas North and South 1. Jinkas North 850 metre gap in drilling along strike from high-grade Jinkas lode with coincident geophysical and 1 geochemical anomalies, and includes underground potential with drilling underway Q2 2022 High-grade gold strongly correlated with the magnetic
Slide 11: Scale Opportunity – Underground Potential
Scale Opportunity – Underground Potential underground Resource 0.56 Mt @ 3.25 g/t for 58Koz Untested limited drilling > 300m depth - Open along strike and at depth - potential to add high grade Resource ounces Down-plunge extensions of high-grade Jinkas and Jinkas South lodes identified Downhole EM
Slide 12: Scale Opportunity: Rifle Range and Southern Zone
Scale Opportunity Rifle Range and Southern Zone RC drill program along 2.5 km Rifle Range with follow-up drilling planned in Q2 2022, with new targets supported by coincident EM anomalies and gold- in-soil anomalies. Southern plunge direction indicates repeats of previously untested mineralised geol
Slide 13: Scale Opportunity: Southern Zone
Scale Opportunity 13 Southern Zone Southern Zone follows along strike from the Central Zone mineralisation with extensive gold mineralisation identified in aircore drilling over 8km strike length, with encouraging results from Recent drilling including: • 21m @ 2.11 g/t Au from 61.08m including 4.81
Slide 14: Scale Opportunity: Near Resource Potential
Scale Opportunity Near Resource Potential Northern zone • New discovery Burong – Datatine Trend • Mineralisation identified along a strike length of 10 km • Maiden RC drill program to intersect broad zone of mineralisation up to 6.47g/t bottom of hole Southern Zone • Gold anomalism over 7km of strik
Slide 15: Scale Opportunity: Untested regional potential
Scale Opportunity Untested regional potential >5,500 km2 • Large Exploration program underway • 12 high priority targets - 24,000m Aircore drilling and 2,500m Auger Gold • Extensive ground position +5,500km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified in
Slide 16: Unlocking the potential of the Katanning district
Scale Opportunity 16 Unlocking the potential of the Katanning district • Farm-in agreement with Cygnus Gold Ltd to acquire a majority interest in the Stanley Gold Project. • The Project covers 233km2 and a 24km strike length of highly prospective greenstone belt that contains the same sequence that
Slide 17: Summary
Summary Katanning – An Outstanding Whole-of-Belt Exploration Play 2.16Moz @ 1.21g/t gold Resource with 1.78Moz in the Measured and Indicated categories - enough Foundation Critical Mass to support a mid-tier stand-alone gold operation >100kozpa Potential for Funded high-impact 60,000m drill program
Slide 18: Contact
ASX: AUC FRA:AU4 Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 info@ausgoldlimited.com T: (08) 9220 9890 251 St Georges Terrace | Perth WA 6000 www.ausgoldlimited.com.au 18
Slide 19: Appendix
Appendix LIMITED
Slide 20: Katanning Gold Project Resource
Katanning Gold Project Resource • 2.16 Moz @ 1.21 g/t Au in KGP Resource • 1.78Moz of Resource in Measured and Indicated categories • Open below 150 m depth and along strike Mineral Tonnes Gold Moz Resource (Mt) (g/t) Measured 19.0 1.31 0.80 Indicated 26.8 1.14 0.98 Inferred 9.5 1.09 0.37 Total 64.7
Slide 21: Other Projects
Other Projects Woodanilling Project Advanced vanadium exploration with PGE potential only 20km from Katanning town. Lake Magenta Gold exploration project located the Southwest Yilgarn. Doolgunna Station Cracow (Au) (Cu, Au) Yamarna Yamarna (Cu, Ni, Co) Two fully funded joint ventures on advanced nic
Slide 22: Woodanilling Au-PGE potential
Woodanilling Au-PGE potential • Mafic-ultramafic intrusive complex recent drilling • High-grade copper-silver-gold mineralisation with semi-massive sulphides intersected at Mine Hill, with recent results including: • 1.95m @ 3.47 g/t Ag and 0.37% Cu, Including 0.45m @ 12.2 g/t Ag, 1.37 % Cu and 0.14
Slide 23: Yamarna Joint Venture
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 Lim
Slide 24: Doolgunna Joint Venture
Doolgunna Joint Venture • Located in WA’s Bryah Basin (150 km north-east of Meekatharra) • Highly prospective for volcanic-hosted massive sulpide (VHMS) copper-gold and Plutonic-style gold mineralisation, adjacent to DeGrussa VHMS deposit • Farm-in agreement with AIC Mines Limited (ASX:A1M). Ausgold
Slide 25: Lake Magenta Gold Project, WA
Lake Magenta Gold Project, WA • Located in South West Yilgarn 450 km SE of Perth and covering an area of 165km2 • Past exploration has identified gold-in-soil anomaly extending over a 17km strike length • Coincident with the Yandina Shear Zone known to host several significant gold deposits, includi
Slide 26: Cracow Project
Cracow Project • Lies 375km NW of Brisbane - well serviced by major roads • Covers over 200km2 and hosts Camboon Volcanics which are the same as those that host Evolution Mining Limited’s Cracow mine • Grab samples contain native copper, chalcocite and malachite, with assay grades up to 1.8% Cu and