Austral Gold Limited · ASX:AGD
Austral Gold — Investor Presentation (December 2025)
29 slides from Austral Gold's investor presentation, Dec 10, 2025
Slide 1: Austral Gold Releases Updated Corporate Presentation (media release)
Austral Gold Limited ASX: AGD | TSXV: AGLD ABN 30 075 860 472 OTCQB: AGLDF Level 5, 137-139 Bathurst Street info@australgold.com Sydney NSW 2000 https://australgold.com MEDIA RELEASE 10 December 2025 Austral Gold Releases Updated Corporate Presentation Austral Gold Limited (“Austral” or the “Company
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this news release that are not historical facts are forward-looking statements. Forward- looking statements are statements that are not historical, and consist primarily of projections and statements regarding future plans, expectations and developments. Word
Slide 3: Established Gold Producer
ASX AGD | TSX-V AGLD Established Gold Producer For personal use only Focused on organic growth through production expansion and ongoing exploration in Argentina and Chile DECEMBER 2025 Austral Gold Investor Presentation 2025
Slide 4: Disclaimer, Forward-Looking Statements, Risks and Competent Person Statements
Disclaimer, Forward-Looking Statements, Risks and Competent Person Statements Disclaimer This presentation contains information about Austral Gold Limited ("Austral Gold") and its properties that have been extracted from more comprehensive documents. The information contained is provided in summary
Slide 5: Investment Case and Flagship Assets
Investment Case Flagship Assets Focused on organic growth through production expansion and ongoing Quality land position with exploration in Argentina and Chile established processing facilities For personal use only Production and Exploration and Guanaco/Amancaya Cash Flow Long-Term Mine Complex Ge
Slide 6: Corporate Overview
Corporate Overview Share Price Market Capitalisation Shares On Issue Share Ownership Leadership Leadership $A0.105 A$65.2m 621.1m Elsztain Group 74.3% Strong In-country Experience For personal use only 10 December 2025 10 December 2025 No outstanding warrants/options With Extensive Mining Track 52-w
Slide 7: Major Shareholder
Major Shareholder Long-Term and Supportive Investor Real Estate MKT CAP: US$1.2B* Mr. Eduardo Elsztain (NYSE: IRS) For personal use only • Chair of Austral Gold Limited Agribusiness • Chair of IRSA Inversiones y Representaciones S.A. (NYSE: IRS), one of Argentina’s largest and most MKT CAP: US$726M*
Slide 8: A Proven Record of Strategic M&A
A Proven Record of Strategic M&A Disciplined capital allocation with a focus on long-term value creation (over US$60M in cash and equity transactions since 2013) Asset acquisitions Corporate Transactions (M&A, Takeovers, JVs, private placements) For personal use only 2013 2014 2016 2017 2019 2020 20
Slide 9: Journey To An Established Gold Producer
Journey To An Established Gold Producer + 14 Years | + 600,000 gold equivalent ounces produced Delivering consistent gold production since 2012 across multiple gold cycles For personal use only 600,000 Started UG Built Agitation Leaching Plant in Mining Chile and started production at Reopening Casp
Slide 10: Significant Re-Rating Potential
Significant Re-Rating Potential Organic growth pipeline driven by initiatives to increase production and targeted exploration nearby current mine operations For personal use only 1 Guanaco 2 Casposo 3 Exploration Production Production Upside Growth Growth Mineral Resource Assessing options to Organi
Slide 11: Gold Production
Gold Production For personal use only Austral Gold Investor Presentation 2025
Slide 12: Guanaco & Amancaya Complex, Chile
Guanaco & Amancaya Complex Chile For personal use only Strategic location ~220 km from Antofagasta, 1 Chile, with +40,000 ha of mining tenements within the Paleocene–Eocene Belt. High- and low-sulphidation epithermal systems 2 with ongoing exploration with potential to expand mineral resources or re
Slide 13: Guanaco - Building on a Strong Foundation
Guanaco - Building on a Strong Foundation Driving growth through 2026 and beyond. 2012 - 2024 2025-2026 +2027 For personal use only Established Optimising Operations and Future Planning and Growth Operational Base Updating MRE Opportunities Total Average Cash • Proposed capex to strengthen the heap-
Slide 14: Casposo Mine Complex, Argentina
Casposo Mine Complex Argentina For personal use only 1 Strategic location ~200 km from San Juan, Argentina, with +50,000 ha of mining tenements within the Triassic Choiyoi Belt. Established operations with a 1,200 tpd crushing 2 circuit, agitation leach, and Merrill–Crowe processing plant; over 500
Slide 15: Casposo Restart — Unlocking Potential
Casposo Restart — Unlocking Potential Restart supported by low-cost output profile, explore for potential resource additions, and position for the prevailing gold market. Technical Report issued in October 2025* For personal use only Low-cost production profile Base case includes developing Strategi
Slide 16: Toll Treatment Agreement — Enhancing Casposo
Toll Treatment Agreement — Enhancing Casposo 3-year agreement with Challenger Gold (ASX: CEL) to process Hualilán ore at Casposo. Toll Agreement executed in December 2024 For personal use only Starting 2026, expected to Uses existing infrastructure to Supports medium-term extend mine life through op
Slide 17: Casposo - Building on a Strong Foundation
Casposo - Building on a Strong Foundation Driving growth through 2026 and beyond. 2009 - 2019 2019 - 2024 2025-2026 +2027 For personal use only Established Care and Restart Operations and Long-Term Operational Base Maintenance Expand Processing Capacity Opportunities Gold Silver • Placed the mine •
Slide 18: Gold Exploration
Gold Exploration For personal use only Austral Gold Investor Presentation 2025
Slide 19: Guanaco District, Chile
Guanaco District Chile For personal use only Land Coverage Over 40k ha of mining concessions surrounding the 100%-owned Guanaco processing plant Location Northern Chile in the Antofagasta Region, ~220 km southeast of Antofagasta city. Paleocene Belt Hosts major gold and silver deposits and porphyry
Slide 20: Guanaco District (Cont'): Near-Guanaco mine exploration targets
Guanaco District (Cont’) Near-Guanaco mine exploration targets For personal use only Dumbo Advance drilling to extend the Dumbo– Defensa mineralized corridor and test for potential mineralization beneath the unfavorable host rock epiclastic unit. Cerro Guanaquito Explore for potential low-grade gold
Slide 21: Cerro Buenos Aires Project
Cerro Buenos Aires Project Exploration target located 77km from Guanaco For personal use only Overview Prospective exploration property currently optioned to a local private investor under a 5-year, US$3M option agreement, expiring 30 June 2027 Geological Highlights High-sulfidation epithermal syste
Slide 22: Casposo District, Argentina
Casposo District Argentina For personal use only Land Coverage Over 50k ha of mining concessions adjacent to the 100% owned Casposo processing plant Location Eastern edge of the Cordillera Frontal, (Calingasta Department), ~ 200 km northwest of San Juan. Triassic Choiyoi Belt Hosts several mineral d
Slide 23: Cerro Amarillo Target
Cerro Amarillo Target Near-mine exploration targets For personal use only Austral Gold Investor Presentation 2025 2121
Slide 24: Near-Term Strategic Objectives
Near-Term Strategic Objectives Planned Technical and Operational Priorities Q1 2026 Q2 2026 Q3 2026 For personal use only Production And Cash Flow Generation Guanaco Mine, Chile • Achieve higher near-term production from optimised heap- leach reprocessing Casposo Mine, Argentina • Process Hualilan M
Slide 25: Appendices
Appendices For personal use only Austral Gold Investor Presentation 2025
Slide 26: Guanaco-Amancaya Summary of Mineral Reserves
Guanaco-Amancaya Summary of Mineral Reserves* (December 31, 2024) Notes to Mineral Reserves: Guanaco-Amancaya Mines 1. Mineral Reserves follow CIM (2014) definitions and are compliant with the JORC Code. 2. Mineral Reserves are reported on a 100% ownership basis and estimated at the Category Tonnes
Slide 27: Guanaco-Amancaya Summary of Mineral Resources
Guanaco-Amancaya Summary of Mineral Resources (December 31, 2024) Guanaco-Amancaya Mines Notes to Mineral Resources: 1. Mineral Resources followed CIM (2014) definitions and are compliant with Category Tonnes Grade Contained Metal the JORC Code. For personal use only (000 t) (g/t Au) (g/t Ag) (000 o
Slide 28: Casposo Mineral Reserves Statement
Casposo Mineral Reserves Statement* (June 30, 2025) Casposo Mine Notes: 1. Mineral Reserves were estimated using a gold price of Category Tonnes** Grade Metallurgical Recovery Contained Metal** US$2,200/oz and a silver price of US$25/oz. For personal use only (000 t) (g/t Au) (g/t Ag) (% Au) (% Ag)
Slide 29: Casposo Mineral Resource Statement
Casposo Mineral Resource Statement (June 30, 2025) Casposo Deposits Notes: Category Tonnes** Grade Contained Metal** 1. The Indicated Mineral Resources are inclusive of those Mineral (000’s t) g/t Au g/t Ag (000’s oz Au) (000’s oz Ag) Resources modified to produce the Mineral Reserves. Manantiales 2