Ausgold Limited · ASX:AUC
Ausgold — Shareholder Meeting (November 2016)
24 slides from Ausgold's shareholder meeting presentation, Nov 11, 2016
Slide 1: Welcome - Annual General Meeting 11th November 2016
For personal use only Welcome Annual General Meeting 11th November 2016 Melanie Sutterby – Geology Manager
Slide 2: Disclaimer
Disclaimer For personal use only Competent Person’s Statement The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Miss Melanie Sutterby who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and
Slide 3: Company Overview
Company Overview For personal use only • Western Australia-based gold explorer • Significant gold asset in south west WA • Positioned to increase shareholder value through exploration success • Experienced board and management Cracow Doolgunna Station Yamarna Katanning Gold Project 3
Slide 4: Corporate Overview
Corporate Overview For personal use only ASX: AUC Share Trading Data Total Ordinary Shares on issue 327.5m 0.07 4 Close Price (A$/share) Daily VolumeTraded On-Market Millions Options on issue1 26.5m 0.06 3 Cash $0.3m 0.05 3 Debt Nil 0.04 2 Market capitalisation (at 4cps) $13m 1 Note: 0.03 2 Price A$
Slide 5: Board & Management
Board & Management For personal use only Richard Lockwood 45 years’ experience in mining, funds management and gold Non Executive Chairman mining investment. Geoff Jones 30 years’ experience in construction, engineering, minerals Non Executive Director processing and project development in Australia
Slide 6: 2016 Achievements
2016 Achievements For personal use only • Active exploration program in line with value creation strategy – Doolgunna Station Project work ongoing – Ongoing work at the KGP – intensive drilling program (+15 000m planned) to commence late November 2016 • Completion of new aeromagnetic geophysical sur
Slide 7: Katanning Gold Project (KGP)
Katanning Gold Project (KGP) For personal use only • Large (+2,400km2) landholding – 100% AUC held tenure – ~300km from Perth – No native title issues – Historical mining operation – Established infrastructure • Mineral Resources: +600koz 1 • Recent discovery validates strategy • Under-developed and
Slide 8: KGP Geological Overview
KGP Geological Overview For personal use only • Gold discovered in 1979 • Limited exploration concentrated along ~15km corridor • High grade metamorphic terranes previously overlooked • Regional and near mine targets remain under/unexplored • New exploration model predicts repetitions of mineralisat
Slide 9: Mineral Resources at KGP
Mineral Resources at KGP For personal use only Robust Mineral Resource (Details in Appendix 2) Overall 66% of gold in Measured and Indicated categories Historical mining and metallurgical test work indicates good recoveries and encouraging proportion of free milling gold Mineralisation open
Slide 10: Jinkas Resource Model
Jinkas Resource Model For personal use only Mineral Resource: 5.6Mt @ 1.49 g/t for 268,230oz • High grade shoot formation • High grades from surface • Consistent grade and geometry 10
Slide 11: White Dam - Targeting Resource Extensions
White Dam - Targeting Resource Extensions For personal use only Mineral Resource: 3.6Mt @ 1.22 g/t for 143,296oz • Recent drilling confirms high grade shoot • Limited effective drilling to date • Rapid expansion of Mineral Resource possible 11
Slide 12: Lone Tree - Targeting Resource Extensions
Lone Tree - Targeting Resource Extensions For personal use only Mineral Resource: 1.3Mt @ 0.78 g/t for 34,299oz • Recent drilling validated historic results • Further drilling expected to increase Mineral Resource and economic potential 12
Slide 13: Jackson Resource Development
Jackson Resource Development For personal use only Mineral Resource: 1.0Mt @ 1.15 g/t for 38,034oz • Recent drilling confirms high grade shoot extension • Limited drilling down plunge/along strike • Rapid expansion of Mineral Resource possible 13
Slide 14: Fraser – Resource Expansion
Fraser – Resource Expansion For personal use only • Historical results at Fraser include: – 27m @ 1.87 g/t from 6m – 18m @ 1.33 g/t from surface – 7m @ 1.57 g/t from 27m* • Mineralisation open along strike and down plunge • Further RC drilling planned to test gold shoot • Infill AC and RC drilling p
Slide 15: Datatine Exploration Project
Datatine Exploration Project For personal use only • High grade gold discovery from reconnaissance AC drilling • 22m @ 3.67g/t (from 4m to EOH), including 4m @ 16.90g/t from 4m • 17m @ 1.00 g/t (from 16m to EOH) • RC rig onsite in coming weeks • Shallow oxide and fresh sulphide potential • Mineralis
Slide 16: KGP Geophysical Survey - Aeromagnetics
KGP Geophysical Survey - Aeromagnetics For personal use only Datatine Area TMI – 40m spacing Datatine Area TMI – 20m spacing 16
Slide 17: Targeting New Discoveries “Near Mine”
Targeting New Discoveries “Near Mine” For personal use only NEAR MINE: Predicted model repetitions DATATINE: Multiple targets New discovery Gold-in-soil High grade gold anomalies Imminent RC Geophysical follow up anomalies Infill sampling planned NEAR MINE: LUKIN and Extensive unte
Slide 18: Making Regional Discoveries
Making Regional Discoveries For personal use only • Extensive Greenstones: – Prospective – Underexplored – Unexplored • Fast track regional exploration • Intensive low cost activities • Focus on anomaly definition and expansion 18
Slide 19: Doolgunna Station
Doolgunna Station For personal use only • Reconnaissance field work and geochemical surface sampling complete • Highly prospective geology and encouraging observations • Results pending 19
Slide 20: Doolgunna Station
Doolgunna Station For personal use only Inspecting old drill hole spoils Geological mapping Rock chip sampling of BIF 20
Slide 21: Development Strategy
Development Strategy For personal use only • Ausgold sees significant potential in the KGP due to its sizeable existing Mineral Resource position, and strong exploration upside • Ausgold is committed to delivering a strong Pre-Feasibility Study (PFS) following Resource expansion Milestone 3Q 2016 4Q
Slide 22: Investment Highlights and Summary
Investment Highlights and Summary For personal use only • Significant Resource position, mainly held on granted mining leases • Excellent regional exploration prospectivity – New discovery at Datatine demonstrates potential • Significant prospectivity at existing Resources – Recent drilling confirms
Slide 23: Appendix 1: References
Appendix 1: References For personal use only 1. “Updated JORC Resource” ASX Announcement 21st October 2015 2. “New Gold Discovery at Katanning Project” ASX Announcement 5th May 2016 23
Slide 24: Appendix 2: Resource Table
Appendix 2: Resource Table For personal use only Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Koz Koz Koz Koz (Mt) (g/t (Mt) (g/t (Mt) (g/t (Mt) (g/t Measured Indicated Inferred Total Jinkas Main Lodes 2.37 2.15 164 1.00 1.13 36 0.75 0.89 21 4.13 1.67 221 Jinkas HW Lodes 0.22 1.10 8 0.76 1.02