Slide 1: Katanning Gold Project Pre-Feasibility Study
ASX: AUC FRA:AU4 Katanning Gold Project Pre-Feasibility Study August 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 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: Ausgold Pre-Feasibility Study
Ausgold Pre-Feasibility Study Mid-Tier Gold Mine with outstanding growth potential Life of Ore Mineral Name Plate First 6 years. Metallurgical Mine Reserve Resources Capacity Production Recovery 11 years 32Mt @1.25g/t 56Mt @1.21g/t 3.0Mtpa 126,000oz p.a. 90% gold for gold for 1.28 Moz 2.16 Moz EBITD
Slide 4: Mine Project Overview
Mine Project Overview Mid-Tier Gold Mine with outstanding growth potential • 11 year mine life using open cut mining methods producing Life of Ore Mineral 105,000 oz per annum Mine Reserve Resources 11 years 32Mt @1.25g/t 56Mt @1.21g/t • High-grades in initial 6 years of mining deliver an average go
Slide 5: Mine Economics
Mine Economics Mid-Tier Gold Mine with outstanding growth potential Key financial forecasts for the PFS EBITDA NPV5 Capital (LOM) (post-tax) Cost • LOM Revenue of A$2.7Bn A$981M A$364M A$225M • LOM undiscounted post-tax free cashflow A$548 million over 11 years of commercial production • NPV5 of $36
Slide 6: Outstanding Growth Potential
Outstanding Growth Potential Katanning PFS is the start of a larger multi-million ounce operation Current and planned exploration and drilling activities for growth Significant drilling program ongoing targeting further Resource expansion and growth within Central and Southern Zones. Further growth
Slide 7: Resource and Reserves
Resource and Reserves Mineral Resource Tonnes (Mt) Grade (g/t Au) Contained Ounces (Moz) Measured 19.0 1.31 800,000 Indicated 26.8 1.14 984,000 Inferred 9.5 1.03 370,000 Total 56.0 1.21 2,160,000 Ore Reserve Tonnes (Mt) Grade (g/t Au) Contained Ounces (Moz) Probable 32 1.25 1,280,000 Total 32 1.25 1
Slide 8: Investment Highlights
Investment Highlights Ausgold is becoming the next Australian mid-tier Gold producer Critical Mass – Stand-alone gold operation to produce +100kozpa • Large Resource of 2.16 Moz @ 1.21g/t Au Foundation • Maiden Reserve 1.28 Moz @ 1.25g/t Au • 11 year LOM with initial 6 years to deliver 126 Koz gold
Slide 9: www.ausgoldlimited.com.au
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 9
Slide 10: Appendix
Appendix 10
Slide 11: Corporate
Corporate Capital Structure Share Price at 29 July 2022 25 Volume $0.09 Price Shares on Issue 2,029m 12% $0.08 Directors 20 Unlisted Options (@ A$0.06-0.08) 48m $0.07 Share Volume (M) 15 53% Share Price A$0.049 Top 20 35% $0.06 Other 10 Market Capitalisation A$100 m Shareholders $0.05 Cash A$10.9m 5
Slide 12: Overview - Katanning Gold Project
Overview - Katanning Gold Project Foundation established Resource 2.16 Moz @ 1.21g/t Targeting a stand-alone gold operation producing >100kozpa Upgraded Resource Pre-Feasibility Study Project Infrastructure • 960,000 oz added at low • Reserve 1.28 Moz @1.25 g/t • Excellent infrastructure with: disco
Slide 13: Katanning overview
Katanning overview Katanning Long section through KGP M+I Resource over 1.78moz Katanning - Main Strike Zone Areas Resource Categories within KGP 13
Slide 14: Scale Opportunity
Scale Opportunity Whole-of-Belt Exploration Play Improved geological model has identified numerous high-grade 4 targets in untested exploration areas along 17km strike Targeting multiple areas for growth in 1 Resource, which is supported by a number Central Zone of outstanding exploration opportunit
Slide 15: Scale Opportunity
Scale Opportunity Underground Potential • Untested limited drilling > 300m depth o Open along strike and at depth o Potential to add high grade Resource ounces • Down-plunge extensions of high-grade Jinkas and Jinkas South lodes identified • Downhole EM targets identified – RC and diamond drilling c
Slide 16: Scale Opportunity
Scale Opportunity 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 4.81m
Slide 17: Scale Opportunity
Scale Opportunity Jinkas North and South high-grade 1. Jinkas North 850 metre gap in drilling along strike from high-grade Jinkas lode with coincident geophysical 1 and geochemical anomalies, and includes underground potential with drilling underway Q2 2022 High-grade gold strongly correlated with t
Slide 18: 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 • Stanley Gold Project Gold – PGE Potential • Large magmatic system center
Slide 19: 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 20: Metallurgy
20 Metallurgy Excellent results from first phase metallurgical test work1 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