Ausgold Limited · ASX:AUC
Ausgold — RIU Explorers Conference 2022
26 slides from Ausgold's conference presentation, Feb 17, 2022
Slide 1: RIU Explorers Conference 17 February 2022
ASX: AUC FRA:AU4 RIU Explorers Conference 17 February 2022 1
Slide 2: Disclaimer
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 Cunningham of Sonny Consulting Pty Ltd, Daniel Guibal of Condor Consulting Pty Ltd and Mr Michael Lowry of SRK Consulting (Australasia) Pty Ltd
Slide 3: Investment Highlights
Investment Highlights Katanning – An Outstanding Whole of Belt Exploration Play Critical Mass – Large established Resource • 1.84Moz @ 1.24g/t gold Resource • >1.2Moz now in the Measured and Indicated category Foundation • 635,000oz added during 2021 • Stand-alone gold operation +100kozpa • Low EV o
Slide 4: Corporate
Corporate Capital Structure Share Price at 16 February 2022 45 $0.0650 Volume 40 Price Shares on Issue 1,614m 15% $0.0600 Directors 35 $0.0550 30 Share Volume (M) Unlisted Options (@ A$0.06) 26.7m 50% 25 $0.0500 Performance Rights 29m Top 20 35% 20 $0.0450 Other Shareholders 15 Share Price A$0.046 $
Slide 5: Background
Background Critical mass foundation established 1.84Moz @ 1.24g/t Supports a stand-alone gold operation >100kozpa Large Exploration Upgraded Resource Project Infrastructure Program High-impact 30,000m RC 635,000 oz added during • Excellent infrastructure with: Resource drill program 2021 at low disc
Slide 6: Focused on building a multi-million ounce Resource
Focused on building a multi-million ounce Resource highly active period with over 60,000m of drilling in progress Regional 2,500m Auger soils 12 high priority Gold EIS co-funded RC and & PGE targets 30,000m Aircore drill diamond drill programs 30,000m RC drilling program Resource Central and Souther
Slide 7: Scale Opportunity
Scale Opportunity Whole-of-Belt Exploration Play Improved geological model has identified numerous high-grade targets in untested exploration areas along 17km strike Targeting multiple areas for growth in 1 Rifle Range – 2.5km Resource, which is supported by a number untested zone 2 of outstanding e
Slide 8: Katanning overview
Katanning overview Katanning Long section highlighting the Central Zone Open Katanning - Main Strike Zone Areas Recently completed high–grade gold mineralisation hits 8
Slide 9: Scale Opportunity
Scale Opportunity Jinkas North and South 1. Jinkas North 850 metre gap in drilling along strike from high-grade Jinkas lode with coincident geophysical 1 and geochemical anomalies, and includes underground potential with drilling in Q1 2022 High-grade gold strongly correlated with the magnetic miner
Slide 10: Jinkas South Long Section
10 Jinkas South Long Section Open Open Jinkas Long section with recently completed drilling high–grade gold mineralisation 10
Slide 11: Scale Opportunity – Underground Potential
Scale Opportunity – Underground Potential underground Resource 0.54 Mt @ 3.1 g/t for 54Koz Untested limited drilling > 300m depth - Open along strike and at depth - potential to add high grade Resource ounces Down-plunge extensions of high-grade Jinkas and Jinkas South lodes identified Downhole EM t
Slide 12: Scale Opportunity
Scale Opportunity Rifle Range and Southern Zone Ausgold has completed its initial 35-hole 5,250m RC drill program within Rifle Range with follow-up drilling planned in Q1 2022, with new targets supported by coincident EM anomalies and gold-in-soil anomalies. Southern plunge direction indicates repea
Slide 13: Scale Opportunity
13 Scale Opportunity Southern Zone Southern Zone follows along strike from the Central Zone mineralisation with extensive gold mineralisation identified in aircore drilling over 8km strike length, with encouraging results from Recent drilling including: • 21m @ 2.11 g/t Au from 61.08m including 4.81
Slide 14: Scale Opportunity
Scale Opportunity Near Resource Potential Northern zone • New discovery Burong – Datatine Trend • Mineralisation identified along a strike length of 10 km • Maiden RC drill program to intersect broad zone of mineralisation up to 6.47g/t bottom of hole Southern Zone • Gold anomalism over 7km of strik
Slide 15: Scale Opportunity
Scale Opportunity Untested regional potential >4,200 km2 • Large Exploration program underway • 12 high priority targets - 30,000m Aircore drilling and 2,500m Auger Gold • Extensive ground position +4,200km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified in
Slide 16: Summary
Summary Katanning – An Outstanding Whole-of-Belt Exploration Play 1.84Moz @ 1.24g/t gold Resource with 1.2Moz in the Measured and Indicated categories - enough Foundation Critical Mass to support a mid-tier stand-alone gold operation >100kozpa Potential for Funded high-impact 60,000m drill program S
Slide 17: www.ausgoldlimited.com.au
ASX: AUC FRA:AU4 Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 info@ausgoldlimited.com T: (08) 9220 9890 251 St Georges Terrace | Perth WA 6000 www.ausgoldlimited.com.au 17
Slide 18: Appendix
Appendix LIMITED
Slide 19: Appendix - Comparison with ASX Peers
Appendix 1 - Comparison with ASX Peers With undeveloped >1 million ounce gold Resources in Western Australia De Grey Company Breaker Calidus Bellevue Genesis Kin Ausgold Mining ASX Code BRB CAI DEG BGL GMD KIN AUC Project Lake Roe Klondyke Hemi Bellevue Ulysses Cardinia Katanning Ownership 100% 100%
Slide 20: Katanning Gold Project Resource
Katanning Gold Project Resource • 1.84 Moz @ 1.24 g/t Au in KGP Resource • 1.2Moz of Resource in Measured and Indicated categories • Open below 150 m depth and along strike Mineral Tonnes Gold Moz Resources* (Mt) (g/t) Measured 6.59 1.64 349,000 Indicated 21.97 1.19 841,000 Inferred 17.58 1.14 647,0
Slide 21: Woodanilling Au-PGE potential
Woodanilling Au-PGE potential • Mafic-ultramafic intrusive complex recent drilling • High-grade copper-silver-gold mineralisation with semi-massive sulphides intersected at Mine Hill, with recent results including: • 1.95m @ 3.47 g/t Ag and 0.37% Cu, Including 0.45m @ 12.2 g/t Ag, 1.37 % Cu and 0.14
Slide 22: Other Projects
Other Projects Woodanilling Project Advanced vanadium exploration with PGE potential only 20km from Katanning town. Lake Magenta Gold exploration project located the South West Yilgarn. Doolgunna Station Cracow (Au) (Cu, Au) Yamarna Yamarna (Cu, Ni, Co) Two fully funded joint ventures on advanced ni
Slide 23: Yamarna Joint Venture
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 Lim
Slide 24: Doolgunna Joint Venture
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 • Farm-in agreement with AIC Mines Limited (ASX:A1M). Ausgold
Slide 25: Lake Magenta Gold Project, WA
Lake Magenta Gold Project, WA • Located in South West Yilgarn 450 km SE of Perth and covering an area of 165km2 • Past exploration has identified gold-in-soil anomaly extending over a 17km strike length • Coincident with the Yandina Shear Zone known to host several significant gold deposits, includi
Slide 26: Cracow Project
Cracow Project • 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 and