Ausgold Limited · ASX:AUC
Ausgold — BMO Global Metals, Mining & Critical Minerals Conference 2025
23 slides from Ausgold's conference presentation, February 2025
Slide 1: On track to become Australia’s next mid-tier gold producer
ASX: AUC FRA:AU4 On track to become Australia’s next mid-tier gold producer Growing and de-risking the Katanning Gold Project, WA John Dorward, Executive Chairman|BMO Global Metals, Mining & Critical Minerals Conference, Florida 1 February 2025
Slide 2: Disclaimer
Disclaimer Important Information The following notice and disclaimer applies to this investor presentation (“Presentation”) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting
Slide 3: Disclaimer
Disclaimer JORC Code It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia shou
Slide 4: On track to become Australia’s next mid-tier gold producer
On track to become Australia’s next mid-tier gold producer High Quality Project Dominant Landholding Strong Team to Deliver Infrastructure • Open-pit • >3,500km2 of mineral tenure • Track record of value-creation • Mining Permit • Straightforward CIL plant • Includes mineralised trends • Refreshed b
Slide 5: Corporate Overview
Corporate Overview Capital Structure Share Price Directors Jupiter Asset Volume M/Shares (LHS) Price A$/Share (RHS) Shares on Issue (M) 356.3 Other 1.7% Management 5 $0.70 35.5% 12.7% Unlisted Options (@ A$0.40-0.80) (M) 13.15 $0.60 Dundee 4 Unlisted Warrants (@ A$0.30) (M) 9.67 Corporation 10.9% $0
Slide 6: Delivering Australia’s Next Significant Mid-Tier Gold Project
Delivering Australia’s Next Significant Mid-Tier Gold Project Funded and staffed to de-risk and grow • A$38 million equity financing in 2024 – Ausgold funded through to FID at Katanning • Recent land purchases of ~1,000 hectares increase flexibility for site layout • Ongoing 19,000m drill program co
Slide 7: Katanning Gold Project – Getting the Basics Right
Katanning Gold Project – Getting the Basics Right The “To Do List” Demonstrate a Large, Long-Life Gold Mine 1. Definitive Feasibility • Scheduled for completion Q2 2025 Study • Targeting an initial 3.6Mtpa with expansion to 5-5.0Mtpa • >10-year LOM anticipated, with significant production in first f
Slide 8: 1. Delivering a New Large, Long-Life Gold Mine
1. Delivering a New Large, Long-Life Gold Mine Key components of Feasibility Study progressing well DFS due for completion in Q2 2025 • Updated open pit constrained Resource • Proposed 3.6Mtpa plant throughput • Open pit optimisations and design well advanced • Targeting a 10-year mine life • Main c
Slide 9: 2. Initiate the Permitting and Approvals Process
2. Initiate the Permitting and Approvals Process A business priority Well-defined Western Australian State and the Federal approvals process: • WA's Environment Protection Authority (EPA), Department of Water & Environmental Regulation Background (DWER) and Department of Energy, Mines, Industrial Re
Slide 10: 3. Finalise Land Access
10 3. Finalise Land Access Securing freehold land and access for mining operations • 1,026 hectares of freehold land acquired for A$10.8M in June – encompassing the southern extent of the Central Zone Resource (Jinkas, Jinkas South and Jackson) • Majority of Ausgold-owned land will host the processi
Slide 11: 4. Demonstrating Potential
4. Demonstrating Potential 11 • Strong track record of Resource growth – >2Moz delineated over 10 years • Opportunities for growth across multiple frontiers: – Resources open along strike to the north and south – Potential for repeat structures in the immediate vicinity of the KGP – Opportunities fo
Slide 12: 4. Resource Growth & Demonstrating Potential
4. Resource Growth & Demonstrating Potential 12 Major 19,000m drill program underway including 12,000m of RC drilling proximal to the KGP designed to de-risk and grow the Mineral Resource De-Risk – Grade Control / In-fill • De-risk first 18 months of planned production within the Central De-risk Zon
Slide 13: 4. Resource Growth & Demonstrating Potential – Central Zone
4. Resource Growth & Demonstrating Potential 13 CENTRAL ZONE • Grade Control program completed with 90 holes drilled for 4,935m, aimed at de-risking the first 18 months of mining: - 1m @ 94.20g/t from 3m and 11m @ 2.30g/t from 25m in BSRC1739 - 14m @ 4.58g/t from 29m in BSRC1740 - 11m @ 2.01g/t from
Slide 14: 4. Resource Growth & Demonstrating Potential – Southern Zone
4. Resource Growth & Demonstrating Potential 14 SOUTHERN ZONE • Resource Definition planned at in the northern 1km area of Lukin: – Aiming to extend the current Resource • Exploration drilling planned over an additional 3km of poorly tested strike at Lukin: – Aiming to identify additional gold lodes
Slide 15: 4. Resource Growth & Demonstrating Potential – Northern Zone
4. Resource Growth & Demonstrating Potential 15 NORTHERN ZONE • Located 5km north of the Central Zone Resource • Situated on a major cross-fault which has re- orientated the KGP mine stratigraphy by 90° to a NE-SW orientation • Datatine is host to some of the KGP’s highest grade gold lodes, with the
Slide 16: Regional Potential
Regional Potential Over 3,500 km2 of high-quality exploration tenure - 2,500km2 of newly identified greenstone belts - Three NNW-striking major structures associated with up to 100km surficial gold anomalism 7,000m of RC drilling planned across 7 regional prospects across the exploration tenure with
Slide 17: 5. Capacity Building
5. Capacity Building 17 Ausgold is building the capacity to deliver a major new Australian gold mine Refreshed Board to Drive Ausgold Towards Production • Refreshed Board in Q2 2024 added significant company building and mine development experience Key appointments • Ben Stockdale joined as CFO •2.
Slide 18: Delivering the Katanning Gold Project, WA
Delivering the Katanning Gold Project, WA 18 Progressing towards a new top-tier Australian gold operation Developing a Large Stand-alone Gold Operation Capable of Producing +130kozpa • Design throughput of 3.6Mtpa Katanning Gold Project • Anticipating 10-year LOM with initial years expected to deliv
Slide 19: www.ausgoldlimited.com.au
ASX: AUC FRA:AU4 JOHN DORWARD Executive Chairman Ausgold Limited T: (08) 9220 9890 Level 1, 307 Murray Street Perth WA 6000 info@ausgoldlimited.com www.ausgoldlimited.com.au 19
Slide 20: Appendix
Appendix 20
Slide 21: Katanning Overview
Katanning Overview Long-Section through KGP M+I Resource over 2.42Moz Resource Categories within KGP 21
Slide 22: Katanning Gold Project Resource and Reserves
Katanning Gold Project Resource and Reserves Mineral Resource(1)(2) Tonnes (Mt) Grade (g/t Au) Contained Ounces Measured 38.1 1.10 1,352,000 Indicated 31.8 1.04 1,067,000 Inferred 18.9 1.02 620,000 Total Resources 88.9 1.06 3,040,000 Ore Reserve(3) Tonnes (Mt) Grade (g/t Au) Contained Ounces Probabl
Slide 23: Greenstone Belt Tenements by Project
Greenstone Belt Tenements by Project Controlling The Largest Tenement holdings in the Southwest Yilgarn • Ausgold controls the largest land tenements in the Southwest Yilgarn with over 3,500km2 of land covering over 100km strike of underexplored greenstones Comparison to other WA Gold Companies (km2
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