Ausgold Limited · ASX:AUC
Ausgold — Shareholder Meeting (November 2020)
26 slides from Ausgold's shareholder meeting presentation, Nov 20, 2020
Slide 1: AGM Presentation
ASX: AUC Ausgold Limited FRA:AU4 AGM Presentation 20 November 2020
Slide 2: Disclaimer
Disclaimer 2 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 h
Slide 3: Ausgold Investment Highlights
Ausgold Investment Highlights 3 • 1.2 million-ounce JORC Resource with high-grade core Including 28m @ 11.28 g/t Au from 90m (true width) • New geological model predicts parallel high-grade gold mineralisation and direct targeted using down-hole EM - recent results validate approach: i.e. 19m @ 2.92
Slide 4: Corporate Snapshot
4 Corporate Snapshot 48% Top 40 Top 20 shareholders hold Richard Lockwood - Non Executive Chairman 8% 58% of shares on Career in mining investment, stockbroking, funds management with Directors active involvement in development in several mining groups & numerous issue mining projects globally Dr Ma
Slide 5: Katanning Gold Project
Katanning Gold Project 5 33.9 Mt @ 1.1 g/t Au for 1.2 Moz gold JORC Resource 1.2 Moz gold Resource in Western Australia with Higher grade core 10Mt @ 1.48 g/t for 456 Koz – Central Zone, including: massive exploration 28m @ 11.28 g/t Au from 90m potential 20m @ 10.53 g/t Au from 10m 26m @6.60 g/t Au
Slide 6: Extensive ground position in SW Yilgarn
Extensive ground 6 position in SW Yilgarn • Ausgold has significant exploration potential with recent moves into the region by major mining companies • Large strategic landholding (+4,000km2) covering 130km strike length AGM Presentation November 2020 • Identified targets for gold, nickel and PGE
Slide 7: Timeline
Timeline 2020 2021 7 Q4 Q1 Q2 Drill programs RC and diamond drill program targeting high grade underway. With down Resource hole EM programs within Central zone EIS co-funded RC & Jinkas North Diamond drilling AGM Presentation November 2020 AC & RC drilling Rifle Range Soils sampling & EIS co-funded
Slide 8: Katanning Gold Resource – 1.2 Million Ounces & Growing
Katanning Gold Resource – 1.2 Million Ounces & Growing 8 • 1.2 million ounces @ 1.10 g/t Au Resource • Central Zone Measured and Indicated 10Mt at 1.48 g/t Au for 456KOz • 49% of Resource ounces in Measured and Indicated categories • Shallow Resource open below 170m depth AGM Presentation November 2
Slide 9: New geological model: High-grade gold at fold hinge
New geological model: High-grade gold at fold hinge 9 • Wide zones of high-grade gold occur at the “fold hinge”, where we also get accumulations of the magnetic mineral pyrrhotite which means we can use downhole EM to identify these zones • Jinkas South lode – new high-grade discovery extending over
Slide 10: Resource centered within a large mineralised system
10 Central Zone Resource centered within a large mineralised system Jinkas extending over 17 km strike length North Targets • Depth potential below 170m • Jinkas South - high-grade lode extends over 1,300m remains open recent drilling AGM Presentation November 2020 Jinkas • Jinkas North - 850m gap i
Slide 11: Resource Extensions
Resource Extensions 11 • Jinkas North - 850 metre gap in drilling along strike high grade Jinkas lode coincident geophysical (Fixed Loop EM, gravity and magnetic) and geochemical anomalies – Drilling commenced • Jinkas South – high-grade parallel lode intersected over 1,300 metres, remains open alon
Slide 12: Jinkas
12 Jinkas Parallel high-grade lodes with further RC and diamond drilling underway along strike to extend the newly discovered Jinkas South lode AGM Presentation November 2020 Jinkas North Recently completed drilling targeting high – grade gold mineralisation
Slide 13: Jinkas Open
13 Jinkas Open • Drilling underway • Open along strike to north and south • DHEM targets highlight potential Resource extensions New high-grade discovery – parallel Jinkas South lode initial results include: Open 29m @ 1.84 g/t Au from 104m incl.18m @ 2.72 g/t Au 19m @ 2.92 g/t Au from 121m incl. 1m
Slide 14: Jinkas South Lode
Jinkas South Lode 14 • High grade lode parallel to Jinkas Lode • New high grade results confirm geological model and DHEM as targeting tool • Increasing broad mineralised zones with significantly higher grades 29m @ 1.84 g/t Au from 104m incl.18m @ 2.72 g/t Au 2020 19m @ 2.92 g/t Au from 121m incl.
Slide 15: Exploration Greater KGP area
Exploration Greater KGP 15 area • Large gold system centred on 1.2 Moz gold Resource identified along major regional faults • Newly identified gold mineralised Burong–Datatine trend within 5km of Central Zone AGM Presentation November 2020 • Multiple near-Resource gold targets within trucking distan
Slide 16: Near regional Resource potential
Near regional Resource potential 16 Burong – Datatine Trend New discovery Mineralisation identified along a strike length of 2.5km Maiden RC drill program intersect broad zone of mineralisation up to 6.47 g/t Nanicup Bridge bottom of hole Gold mineralisation AGM Presentation November 2020 ov
Slide 17: Underexplored Archean Greenstone Belt
Underexplored Archean 17 Greenstone Belt • Extensive ground position +4,000km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified in underexplored greenstone belt AGM Presentation November 2020
Slide 18: Summary
18 Summary 1.2 million-ounce gold Resource with high-grade core New geological model looking for repeats of high-grade gold 25,000m drill program underway, resource upgrade Q1 CY21 AGM Presentation November 2020 Well funded with over $4.4m in cash Low EV with large Resource base - signific
Slide 19: Thank you
19 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building AGM Presentation November 2020 140 St Georges Terrace Perth WA 6000 info@ausgoldlimited.com www.ausgoldlimited.com.au
Slide 20: Appendix - Comparison with ASX Peers
Appendix 1 - Comparison with ASX Peers 20 with undeveloped >1 million ounce gold Resources in Western Australia Apollo Capricorn De Grey Company Consolidated Metals Calidus Mining Bellevue Rox Ausgold ASX Code AOP CMM CAI DEG BGL RXL AUC Project Rebecca Karlawinda Klondyke Hemi Bellevue Youanmi Kata
Slide 21: Appendix – Other Projects
21 Appendix 2 – Other Projects • Red Hill Vanadium Project - advanced vanadium exploration with preliminary metallurgical studies completed only 20km from Katanning town and with access to rail and grid power AGM Presentation November 2020 • Lake Magenta – gold exploration project Doolgunna Station
Slide 22: Yamarna Joint Venture
22 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 23: Doolgunna Joint Venture
23 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). Ausg
Slide 24: Lake Magenta Gold Project, WA
Lake Magenta Gold Project, WA 24 • Located 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 25: Cracow Project
Cracow Project 25 • 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 AGM Presentation November 2020 and malachite, wi
Slide 26: Red Hill Project – A Valuable Acquisition
26 Red Hill Project – A Valuable Acquisition • Advanced Red Hill Vanadium Project with PGE potential 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 AGM Presentation November 2020 • Pre