Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (August 2023)
21 slides from Ausgold's investor presentation, Aug 8, 2023
Slide 1: Katanning Gold Project
Booth #116 ASX: AUC FRA:AU4 Katanning Gold Project Diggers and Dealers Presentation August 2023 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 carried out by Dr Michael Cunningham of Sonny Consulting Services Pty Ltd, Mr Daniel Guibal of Condor Geostats Services and Dr Matthew Greentree of Ausgold Limite
Slide 3: Corporate
Corporate Capital Structure Share Price Shares on Issue 2,296m 25 $0.09 Volume Directors 8% Price $0.08 Unlisted Options (@ A$0.06-0.08) 68m 20 53% Performance Rights 35.2m Top 20 35% $0.07 Share Volume (M) Other 15 Shareholders Share Price A$0.042 $0.06 10 $0.05 Market Capitalisation A$96.4m 5 $0.0
Slide 4: Investment Highlights
Investment Highlights Ausgold Growing and De-risking the Katanning Gold Project Critical Mass – Large stand-alone gold operation to produce +136kozpa • Large Resource of 2.64 Moz @ 0.94g/t Au Foundation • Maiden Ore Reserve 1.28 Moz @ 1.25g/t Au • 10 year LOM with initial 6 years to deliver 155 Koz
Slide 5: Ausgold Katanning Gold Project
Ausgold Katanning Gold Project Solid foundation to a large gold operation Life of Ore Mineral Name Plate Avg. Annual Metallurgical Stripping Mine Reserve Resources Capacity Au Production Recovery Ratio 9.7 years 32Mt @1.25g/t 85Mt @0.94g/t 5.0Mtpa 136,000oz p.a. 90% 4.1:1 gold for gold for 1.28 Moz
Slide 6: Increasing the scale of the KGP
Increasing the scale of the KGP 1.36m oz of gold over 9. 7 years delivering a high pre-tax NPV of A$819M and IRR 46% 136 Koz pa production LOM 200 1.8 155 Koz pa production in first 6 years 180 • High grades in first six years 1.6 deliver up to 174 koz pa and 160 1.4 Recovered Gold per Period (koz)
Slide 7: Upcoming News flow and Key Milestones
Upcoming News flow and Key Milestones Key Milestone Q2 CY2023 Q3 CY2023 Q4 CY2023 Q1 CY2024 KGP & Regional Exploration ✅ ✅ ✅ ✅ KGP Mineral Resource Update ✅ Lithium Exploration ✅ ✅ ✅ ✅ KGP Feasibility Study ✅ ✅ ✅ Permitting and Approvals ✅ ✅ ✅ ✅ 7
Slide 8: Peer Comparison
Peer Comparison EV/Resource Reserve Size (oz) $600 6,000 $535.00 5.1Moz $500 Reserve 5,000 $400 4,000 Average $58 $300 3,000 1.28Moz EV/Resource 1 1.34Moz 0.41Moz Reserve Reserve $197.00 $200 $169.00 Reserve 0.27Moz 2,000 Reserve $90.00 $100 1,000 $39.00 $36.00 $36.00 $36.44 $33.00 $23.00 $14.00 $13
Slide 9: What Differentiates Ausgold
What Differentiates Ausgold Resource Project Economics Growth and Scale Infrastructure • 2.64 Moz gold Resource • 1.28 Moz Ore Reserve • Multi-million ounce • 3½ hour drive from Perth to with more than 80% in resource potential support a Residential • 10 year mine life with Measured and Indicated wo
Slide 10: Scale Opportunity
Scale Opportunity Untested regional potential over 5,500 km2 Gold • Extensive ground position +5,500km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified in underexplored greenstone belt including the advanced Stanley and Duggan prospects Lithium Potential • We
Slide 11: Scale Opportunity
Scale Opportunity Datatine Prospect • New drilling has targeted structural zones which host high- grade gold mineralisation. • Recent drill results demonstrate potential for further high gold grades with coarse visible gold Coarse visible gold up to 1cm long in BSRCD1596 180.20m – • 3.3m @ 11.47g/t
Slide 12: Scale Opportunity
Scale Opportunity Stanley Gold Project • Farm-in agreement with Cygnus Gold Ltd to acquire a 85% 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 hosts the KGP • Past drillin
Slide 13: Scale Opportunity
Scale Opportunity Duggan Prospect • New drilling intersected near surface high-grade gold mineralisation • 4m @ 9.30g/t Au from 84m in DUGRC042 • 1m @ 43.20g/t Au from 52m in DUGRC036 (new lode) • 5m @ 1.15g/t Au from 10m in DUGRC038 • 7m @ 4.05 g/t Au from 19m including 5m @ 5.50 g/t Au from 19m in
Slide 14: Lithium potential
Lithium potential Untested over 5,500 km2 Lithium Potential Western tenements located within 40 Km of Greenbushes world’s largest hard rock Lithium mine More than ”Nearology” • Over 2,500 Km2 of greenstones in AUC tenure • Major crustal scale structures – major terrane boundary • Pegmatites identifi
Slide 15: Lithium Potential
Lithium Potential Lithium exploration program 14 new lithium target areas identified across tenure using machine learning techniques integrating - geochemical database of over 122,000 surface samples - Major structures and greenstones - 600 new stream sediment samples across tenure - Geophysics and
Slide 16: Investment Highlights
Investment Highlights Ausgold Growing and De-risking the Katanning Gold Project Critical Mass – Stand-alone gold operation to produce +100kozpa • 100% owned • Large Resource of 2.64 Moz @ 0.94g/t Au Foundation • Maiden Ore Reserve 1.28 Moz @ 1.25g/t Au • 10 year LOM with initial 6 years to deliver 1
Slide 17: Diggers and Dealers Booth #116
ASX: AUC FRA:AU4 Diggers and Dealers Booth #116 Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 info@ausgoldlimited.com T: (08) 9220 9890 Level 1, 307 Murray Street Perth WA 6000 www.ausgoldlimited.com.au 17
Slide 18: Appendix
Appendix 18
Slide 19: Katanning overview
Katanning overview Katanning Long section through KGP M+I Resource over 1.78moz Resource Categories within KGP 19
Slide 20: Katanning Gold Project Resource and Reserves
Katanning Gold Project Resource and Reserves Mineral Resource Tonnes (Mt) Grade (g/t Au) Contained Ounces Measured 27.1 1.05 920,000 Indicated 41.7 0.92 1,235,000 Inferred 16.7 0.82 480,000 Total 85.6 0.94 2,640,000 Ore Reserve Tonnes (Mt) Grade (g/t Au) Contained Ounces Probable 32 1.25 1,280,000 T
Slide 21: Peer Review
Peer Review Peer comparison reference list Resource Ounces (KOZ g/t) ASX Code Company Name Project Development Stage Mine Type Measured Indicated Inferred Total Source Date BGL Bellevue Gold Bellevue DFS UG -- 1,700 1,500 3,100 (9.9g/t) Roadshow Presentation 02-May-23 MGV Musgrave Minerals Cue Resou