Ausgold Limited · ASX:AUC
Ausgold — RIU Resources Round-up Sydney 2018
28 slides from Ausgold's conference presentation, May 9, 2018
Slide 1: RIU Resources Round-up
ASX: AUC For personal use only RIU Resources Round-up May 2018 Developing a significant gold project in WA’s most exciting underexplored greenstone belt RIU Resource Round-up, Sydney 9/05/2018
Slide 2: Disclaimer
Disclaimer 2 Competent Person’s Statement The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Dr Matthew Greentree For personal use only who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) an
Slide 3: A WA Gold Exploration & Development Company
A WA Gold Exploration & Development Company 3 • Significant landholding (4,165km2) in the South West Archean Yilgarn Craton • Ownership of an underexplored and highly prospective greenstone belt For personal use only • Rejuvenated Board and management with significant resources sector experience • K
Slide 4: Corporate Snapshot
Corporate Snapshot 4 Directors For personal use only 4% $0.060 8,000 Volume Chalice Gold Mines 7,000 11.4% $0.050 6% 6,000 $0.040 5,000 Major Gold Elegant (HK) '000 $0.030 4,000 shareholders Investment Ltd 3,000 $0.020 BMP Capital Ltd 2,000 $0.010 10% 1,000 $0.000 - Mar 2017 May 2017 Jun 2017 Mar 20
Slide 5: Experienced Board & Management
Experienced Board & Management For personal use only 5 Investment professional with 45 years’ experience in mining, funds Richard Lockwood management and gold mining investment. Founder of New City Investment Non Executive Chairman Management. Geologist with 20 years’ experience in mineral explorati
Slide 6: Katanning Gold Project
Katanning Gold Project For personal use only 6 Underexplored Archean greenstone gold terrane Updated Mineral Resources of 785 koz1 Drill ready targets within 10km of Resource 100% AUC-owned contiguous tenure covering 4,165 km2 130 km strike length largely untested Freehold land – no Nati
Slide 7: Location, Location, Location
Location, Location, Location 7 Large Landholding, Excellent Location For personal use only • Katanning Greenstone Belt - underexplored and highly prospective • Mineralisation along a major crustal boundary extending regionally for over 130 kms • Improved understanding of geology based on new generat
Slide 8: A Forgotten and Underexplored Greenstone Belt
A Forgotten and Underexplored Greenstone Belt For personal use only 8 Near mine Regional exploration • Gold mineralisation over 17km of strike • Untested greenfield potential – 4,165 km2 length • Identification of greenstones using low cost • Untested targets along strike from existing exploration t
Slide 9: Mineral Resource At KGP
Mineral Resource At KGP For personal use only 9 46% of gold in Measured and Indicated categories ✔ (historical mining and metallurgical test work indicates good recoveries) Drilling has targeted extensions of current Resources and ✔ the addition of Fraser and Jinkas South ✔ Jinkas represents 6.8 Mt
Slide 10: Jinkas in Long Section
Jinkas in Long Section 10 • Northerly-plunging mineralisation remains untested to north • Near surface mineralisation remains open to south For personal use only • Repetitions of high grade mineralisation beneath current Resource • Down dip potential untested, potential repetitions of high grade eas
Slide 11: Targeting New Discoveries 'Near Mine'
Targeting New Discoveries ‘Near Mine’ 11 Near Mine: Repetitions along strike For personal use only Datatine: Multiple targets New discovery AC drill anomalies High grade gold Gravity and EM Validates anomalies geological model Western Trend: Parallel structure Anomalous Au in auger
Slide 12: Geology guiding exploration
Geology guiding exploration For personal use only 12 • Parallel mineralised structures Datatine • Eastern Trend - Jackson, White Dam, Jinkas, Trend Dingo, Lukin • Western Trend –gold in Auger sampling, no Eastern previous drill trend • Datatine Trend – Strike towards east, largely untested Western t
Slide 13: High grade gold at KGP
13 High grade gold at KGP • Pyrrhotite associated with high grade gold For personal use only mineralisation • EM to target high grade gold mineralisation RIU Resource Round-up, Sydney 9/05/2018
Slide 14: New near Resource targets
New near Resource targets 14 • Three mineralised trends • Favourable structural and geological setting For personal use only • Air core (AC) drilling program of 331 holes for 7,810m • 24,000 m Reverse Circulation (RC) program ongoing RIU Resource Round-up, Sydney 9/05/2018
Slide 15: KGP - long section view
KGP - long section view 15 • Near surface mineralisation undrilled at White Dam and Jinkas • Significant “gaps” in drilling at Rifle Range, Plant site, Jackson and Jinkas For personal use only • Targets beneath and along strike from Jinkas Near surface potential RIU Resource Round-up, Sydney Jinkas
Slide 16: Northern Resource area
Northern Resource area For personal use only 16 Jackson trend Mineralisation intersected in AC drilling north along strike Mineralisation extends beneath granite RC follow-up to test down dip Jinkas trend Prospective mafic granulite 700m strike from Jinkas Gold in AC drilling Follow up R
Slide 17: Jinkas
Jinkas For personal use only 17 Jinkas trend High grade mineralisation south of Jinkas deposit Down dip potential RIU Resource Round-up, Sydney Open along strike ~ 650m 9/05/2018
Slide 18: Jinkas South
Jinkas South 18 • Discovery confirms geological model • Mineralisation blind at surface – potential further east down dip For personal use only • Further RC drilling planned Jinkas Lode RIU Resource Round-up, Sydney White Dam Lode 9/05/2018
Slide 19: Significant Regional Potential
Significant Regional Potential 19 Bottleneck trend: • Large landholding (4,165 km2) Gold in stream sediments • 130 km strike length For personal use only Follow up with ground geophysics and soil sampling • Over 98% of tenure area remains untested • Major crustal boundary under Dumbleyung explor
Slide 20: Timeline
Timeline For personal use only 20 Katanning • RC drill program • Regional gravity survey of mine corridor Doolgunna Yamarna Katanning Test Cu targets EIS Drilling of untested • Resource infill drilling co-funded drilling EM conductor & further exploration 2018 Q1 Q2 Q3 Q4 RIU Resource Round-up, Sydn
Slide 21: Peer Comparison
Peer Comparison 21 • The Katanning Gold Project is arguably a “forgotten” asset For personal use only • Significant reinterpretation of the geology and regional potential driving exploration • Ausgold carries a large Resource position and low EV/Resource multiple in comparison to its peers Project M
Slide 22: Summary
Summary For personal use only 22 Extensive land package in an New management driving a Recent capital raising to exciting new underexplored critical change in technical support work programs greenstone belt understanding and strategy RIU Resource Round-up, Sydney Significant Resource upgrade Multipl
Slide 23: Thank you
23 Thank you Dr Matthew Greentree Chief Executive Officer For personal use only Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace Perth WA 6000 Booth 27 RIU Resource Round-up, Sydney 9/05/2018
Slide 24: Other Projects
Other Projects For personal use only 24 Doolgunna Station Gold and copper targets adjacent to world class deposits (Cu, Au, 100%-owned) • 150km NE of Meekatharra • 192 km2 prospective ground adjacent to DeGrussa VMS deposit Cracow • Highly prospective for VMS copper- Gold and copper targets gold and
Slide 25: Doolgunna Station – Western Australia
Doolgunna Station – Western Australia 25 • Located in WA’s Bryah Basin (150km north-east of For personal use only Meekatharra) • Highly prospective for VMS copper-gold and Plutonic-style gold mineralisation, adjacent to DeGrussa VMS deposit RIU Resource Round-up, Sydney • Highly prospective for gold
Slide 26: Yamarna – Central Western Australia
Yamarna – Central Western Australia For personal use only 26 • located in highly prospective Yamarna Greenstone Belt 125 kilometres north- east of Laverton in central Western Australia • significant copper-nickel-cobalt discovery hosted within an underexplored belt RIU Resource Round-up, Sydney • re
Slide 27: Cracow − Queensland
Cracow − Queensland For personal use only 27 • 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’s Cracow mine • Grab samples contain native copper, chalcocite and malachite, with assay grades up
Slide 28: Appendix 1: Resource Table
Appendix 1: Resource Table 28 • KGP Mineral Resource estimates (2017; SRK Consulting, developed in accordance with JORC 2012) For personal use only • Note: the Mineral Resource is reported at a lower cut-off grade of 0.50g/t gold. • The topographic surface at the KGP is at approximately 360mRL, with