Ausgold Limited · ASX:AUC
Ausgold — Shareholder Meeting (November 2019)
26 slides from Ausgold's shareholder meeting presentation, Nov 8, 2019
Slide 1: Ausgold Limited Annual General Meeting Presentation
ASX: AUC Ausgold Limited Annual General Meeting Presentation 8 November 2019
Slide 2: Disclaimer
2 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 Lowry of SRK Consulting (Australasia) Pty Ltd and Dr Matthew Greentree of Ausgold Limited. Dr Greentree is Managing Director and is a Share a
Slide 3: Corporate Snapshot
3 Corporate Snapshot 42% Top 40 Top 20 shareholders hold Richard Lockwood - Non Executive Chairman 10% 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 M
Slide 4: Investment Highlights
Low cost exploration delivering 4 Investment Highlights high value discovery in Australia’s 1.2 million-ounce JORC Resource most exciting underexplored • Scoping Study – positive outcomes Greenstone Belt. • Resources on granted mining licenses • Good metallurgical recoveries – additional studies und
Slide 5: Timeline
5 5 Timeline Regional • Regional & Western Trends AC drilling • EIS co-funded RC & diamond drilling • Auger sampling and geological mapping Q4 2019 Q2 2020 Q4 2020 Corporate Presentation - November 2019 Q1 2020 Q3 2020 KGP - Resource Area KGP - Resource Area • RC and diamond drill program • Metallur
Slide 6: Scoping Study
Scoping Study 6 The Scoping Study outlines a base case for a 1.25 Mtpa mining operation capable of producing over 350Koz over an initial 7-year mine life with payback period of less than two and half years. Positive financial metrics IRR of 28% and NPV A$77M with a Net Cashflow A$136M Study identifi
Slide 7: Katanning Gold Resource – Million Ounces & Growing
7 Katanning Gold Resource – 1 Million Ounces & Growing • 1.2 million ounces @ 1.10 g/t Au Resource • Central Zone 10Mt at 1.48 g/t Au for 456KOz • Independent estimation by SRK Consulting • 49% of Resource ounces in Measured and Indicated categories • Shallow Resource remains open at depth Corporate
Slide 8: Katanning Gold Resource Extensions
8 Katanning Gold Resource Extensions • Jinkas North - 850 metre gap in drilling along strike high grade Jinkas lode coincident geophysical (Fixed Loop EM, gravity and magnetic) and geochemical anomalies • Jinkas South – high grade mineralisation intersected over 350 m, remains open along strike and
Slide 9: Resource Extensions
9 Resource Extensions Resource centered within a large mineralised system Jinkas North extending over 17 km strike length Targets • Jinkas South - high-grade lode remains open along strike, recent drilling extends to 350m Central Zone Jinkas • Jinkas North - 850 metre gap north along strike from Sou
Slide 10: Jinkas Open
10 Jinkas Open • Open along strike to north and south • DHEM targets highlight potential Resource extensions New high-grade discovery – parallel Jinkas South lode southeast of Jinkas deposit intersected over a 350m strike length and remains open. Significant recent intercepts include: Corporate Pres
Slide 11: Katanning Gold Resource Extensions
11 Katanning Gold Resource Extensions • Jinkas South - new high-grade discovery over 350 metres strike length – open along strike including 26m @6.6 g/t, 16 m @ 6.21 g/t and 15m @ 3.66 g/t Au • Remains open along strike and down dip – another prime target for high grade ounces • New DHEM targets hig
Slide 12: Jinkas North high-grade mineralisation
Jinkas North high-grade mineralisation 12 Corporate Presentation - November 2019
Slide 13: Jinkas South high-grade mineralisation
Jinkas South high-grade mineralisation 13 Corporate Presentation - November 2019
Slide 14: Regional Potential
14 Regional Potential • Two newly identified gold mineralised trends parallel to main deposit, each along a 10km strike length and within 5km of Jinkas Resource • Multiple near-Resource gold targets within trucking distance remain to be drill tested • Extensive ground position +4,000km2 covering 130
Slide 15: Resource Growth – New Discoveries 'Near Resource'
15 Resource Growth – New Discoveries ‘Near Resource’ Datatine: Near Resource: New discovery Repetitions along strike High grade gold Multiple targets Validates geological model Gravity EM targets identified Jinkas North and South RC drilling Western Trends: Corporate Presentation - N
Slide 16: Western Trends - New Parallel Gold System?
16 Western Trends- New Parallel Gold System? Datatine Trend • Two new gold mineralised trends identified parallel within 5 km of KGP Resource • Gold anomalies from previous auger sampling in two undrilled greenstones belts with 10 km strike length • Auger and aircore drilling completed • EIS co-fund
Slide 17: Burong Prospect
Burong Prospect 17 • Newly identified prospect • Within 5km from central Resource area • Gold mineralisation along 2,500m strike length • New northeast-striking mineralised trend highlights potential beyond Corporate Presentation - November 2019 previously identified mineralisation • Untested gold-i
Slide 18: Regional targets to build Resource
Regional targets to build Resource 18 Western Trends Burong - new discovery Mineralisation identified along a strike length of 2,500m AC drilling intersects > 1 g/t Au Nanicup Bridge Gold mineralisation over 20km strike large structure parallel Corporate Presentation - November 2019 Lukin
Slide 19: Extensive Ground Position in underexplored Greenstone Belt
Extensive Ground Position 19 in underexplored Greenstone Belt • Strategic ground holding of >4,000 km2 • 130 km strike of underexplored greenstones along a major crustal boundary Corporate Presentation - November 2019 • Over 46 gold targets identified work ongoing • Regional exploration program cond
Slide 20: Other Projects
20 Other Projects • Red Hill Vanadium Project - advanced vanadium exploration with preliminary metallurgical studies completed only 20km from Katanning town with access to rail and grid power • Two fully funded joint ventures on Doolgunna Station Cracow (Au) Corporate Presentation - November 2019 (C
Slide 21: Red Hill Vanadium Project – A Valuable Acquisition
21 Red Hill Vanadium Project – A Valuable Acquisition • Advanced Red Hill Vanadium Project 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 • Preliminary metallurgical test work, includi
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 • Recent farm-in agreement with AIC Mines Limited (ASX:A1M
Slide 24: Cracow Project
Cracow Project 24 • 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 a
Slide 25: Summary
25 Summary 1.2 million-ounce gold Resource Positive Scoping Study Results Potential to significantly increase current Resource with high grade-mineralisation Corporate Presentation - November 2019 Recent high-grade drill results from Jinkas South Near Resource targets to further expand Res
Slide 26: Thank you
26 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building Corporate Presentation - November 2019 140 St Georges Terrace Perth WA 6000