First Au Ltd. · ASX:FAU
First Au — Investor Presentation (April 2020)
21 slides from First Au's investor presentation, Apr 8, 2020
Slide 1: First Au Limited Investor Presentation
estor Presentation April 2020
Slide 2: Disclaimer and Competent Person Statement
This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into account any
Slide 3: Company milestones 2018-2020
SEPTEMBER • Extensive drilling program begins at FEBRUARY Gimlet JUNE MARCH • Program aimed at growing 69,000oz • 1000m RC drilling at Gimlet • Aircore drilling program JORC Resource along strike & down-dip • 4 drill holes • Mineralised system at Gimlet identified at Gimlet OCTOBER • Results include
Slide 4: Gimlet Gold Project
• 100% owned Gimlet Gold Project • Adjacent to Horizon Minerals’ Teal gold mine, Jacques and Peyes JORC Resources (289,000 ozs) • Archean orogenic-gold project associated with the N- NW trending Abattoir shear zone • Ongoing drilling by DGO, Horizon, Evolution, Northern 100% Owned Surrounding Star a
Slide 5: Corporate Structure and Substantial Shareholders
CORPORATE STRUCTURE SUBSTANTIAL SHAREHOLDERS ASX Code ASX: FAU Shareholder Shares held Percentage Shares 298,820,000 (incl 32,100,000 escrowed June 2020) Bryan Frost 27,701,930 9.27% Options 287,200,000 (incl 15,100,000 escrowed June 2020) Damon & Dennis O’Meara 20,491,240 6.86% Price $0.007 Total 4
Slide 6: Management
BRYAN FROST RICHARD REVELINS DAMON O’MEARA MICHAEL QUINERT Executive Chairman Executive Director Non-Executive Director Non-Executive Director & Managing Director Mr Revelins has over 30 Damon O’Meara has had Mr Quinert is a founding Mr Frost has had over years of experience with a 40-year involveme
Slide 7: Gimlet Gold Project and Pilbara region projects
KEY FOCUS REGION Gimlet Gold Project First Au’s 100% owned Gimlet Gold Project is located 15kms NW of Kalgoorlie, Western Australia, and is an Archean orogenic-gold project associated with the NNW trending Abattoir shear zone. Mineralisation is interpreted as to be related to a NNW-SSE near vertical
Slide 8: Gimlet Gold Project mineralised zone combined with Horizon deposits
Combining First Au’s Gimlet Gold Project Mineralised Zone and the Horizon’s gold deposits to the south (which total 228,000oz gold) it would appear mineralisation occurs in a series of structures along 2.7km of strike and would suggest a significant mineralised system is evident. Mineralisation is i
Slide 9: September 2018 maiden aircore drilling
2018 2019 2020 SEPTEMBER 2018 On 10 September 2018, First Au announced a significant gold mineralisation intersected in its maiden aircore drilling program. • Aircore Hole 18GAC010 intersected 8m @ 1.55 g/t Au from 44m • Intersect ~ 200m north of boundary with Horizon Mineral’s (then Intermin Resour
Slide 10: Maiden RC Drilling Program and Second RC Drill Program
2018 2019 2020 OCTOBER 2018 MARCH 2019 2018 2019 OCTOBER 2018 Maiden RC Drilling Program Second RC Drill Program RC Drilling Significant intersects included: • 2900m RC drilling program with strong assay results • While the second program was primarily focused on targeting the shallower oxide minera
Slide 11: Drill Section A-A'
2018 2019 2020 OCTOBER 2018 MARCH 2019 Drill collar plan and long and cross section locations Drill Section A-A’ depicting Gimlet RC gold interactions Drill Section B-B’ depicting Gimlet RC gold interactions * FAU ASX announcement dated 14 December 2018 and 18 March 2019
Slide 12: Mineral Resource Estimate
2018 2019 2020 APRIL 2019 Mineral Resource Estimate (MRE) contains: 642,00 tonnes at 3.3 g/t Au for 68,731 ounces at a 1.3 g/t cut-off Mineralisation evident as: • Supergene blanket • Vertical lode mineralisation, shear hosted in intermediate volcanics (Black Flag Group), containing veins / stringer
Slide 13: Diamond Drilling Programs
2018 2019 2020 MARCH 2019 OCTOBER 2019 March 2019 October 2019 Maiden Diamond Drilling Program Second Diamond Drilling Program • Three diamond drill holes ~ 320m total • Designed to test whether the mineralisation at Gimlet extends at depth • The diamond core was not only gold assayed but provided v
Slide 14: Drill section
2018 2019 2020 MARCH 2019 OCTOBER 2019 Drill section (west-east) depicting intersection of 19GDD004 Drill section (west-east) depicting intersection of 19GDD001 Core photography of 19GDD001 show gold grades along 32m @ 4.9 g/t Au, including visible gold in high grade (40 g/t Au) zone * FAU ASX annou
Slide 15: EIS co-funded drilling grant
2018 2019 2020 NOVEMBER 2019 • The information gained from the • Government of Western Australia February 2020 RC drilling program will • EIS is managed by the Geological assist in the planning of the EIS co- Survey of Western Australia (GSWA) of funded diamond drilling. the Department of Mines, Ind
Slide 16: February 2020 RC drilling program
2018 2019 2020 FEBRUARY 2020 MARCH 2020 The information gained from this RC drilling program will assist in the planning of the EIS co-funded diamond drilling. • 4 RC drill holes for a total of 978m • Designed to test whether the mineralisation at Gimlet: 1) extends with depth; and 2) whether any po
Slide 17: Drill section illustrating 20GRC004 intersection
2018 2019 2020 FEBRUARY 2020 MARCH 2020 Drill section illustrating 20GRC004 intersection Drill section illustrating 20GRC002 intersection Magnetic image and drill plan, showing cross and long section locations * FAU ASX announcement dated 4 March 2020
Slide 18: White Flag Tenement
2018 2019 2020 July 2019 On 10 July 2019, First Au announced a commitment to an option agreement for exploration over the prospective White Flag Tenement • > 1 g/t Au drilling intersections along the Mako Shear Zone at the Bee Eater Prospect • Untested structural target at the Wedgetail Prospect, al
Slide 19: Further RC drilling planned and metallurgy
A further ~1000m of the February RC drilling program around Gimlet is planned for May/June 2020, subject to market conditions. The drilling will further test the potential plunge component to the mineralisation and assist in sitting the deep diamond hole as planned. Once the RC program is complete,
Slide 20: Contact details
Bryan Frost, Executive Chairman & Managing Director E: BJF@PeregrineCorporate.com M: +61 418 898 885 Richard Revelins, Executive Director E: rrevelins@firstau.com M: +61 418 534 737 M: +1-310-405-4475 (US) Gavin England, Exploration Manager E: gavin@claregeo.com.au M: +61 403 531 832
Slide 21: Thank you
Thank you