Ausgold Limited · ASX:AUC
Ausgold — Conference Presentation (February 2019)
18 slides from Ausgold's conference presentation, February 2019
Slide 1: Ausgold Limited
ASX: AUC Ausgold Limited February 2019 Developing a new gold camp at Katanning, Western Australia
Slide 2: Disclaimer
2 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 Lowry of SRK Consulting (Australasia) Pty Ltd and Dr Matthew Greentree of Ausgold Limited. Dr Greentree is Managing Director and is a Share a
Slide 3: Highlights – Katanning Gold Project
3 Highlights – Katanning Gold Project 1 million ounce Resource at 1.29 g/t gold • Resource limited to shallow (< 170m) open pit depths • Mineralisation open along strike and at depth • Pit optimization and metallurgical studies underway to target mineable ounces • Major drilling program to commence
Slide 4: Highlights – Regional Potential
4 Highlights – Regional Potential • Two newly identified gold mineralised trends parallel to main deposit each along a 10km strike length and within 5km of Jinkas Resource • Multiple near Resource gold targets within trucking distance remain to be drill tested • Massive ground position 4,000km2 cove
Slide 5: Highlights – Other Projects
5 Highlights – Other Projects • Red Hill Vanadium Project - advanced vanadium exploration with preliminary metallurgical studies completed only 20km from Katanning township with access to rail and grid power • Two fully funded joint ventures on advanced nickel-cobalt project at Yamarna and copper-go
Slide 6: Katanning Gold Resource – Million Ounces & Growing
6 Katanning Gold Resource – 1 Million Ounces & Growing • 1.038 million ounces @ 1.29 g/t Au Resource • Jinkas represents 8.47 Mt at 1.48 g/t Au for 403.1KOz • Independent estimation by SRK Consulting • 47% of gold in Measured and Indicated categories • Shallow – Resource constrained to 170 metres ve
Slide 7: Katanning Gold Resource – Extensions
7 Katanning Gold Resource – Extensions • 850 metre gap identified in drilling along strike, north from high grade Jinkas lode with coincident geochemical and geophysical anomaly – a prime target Jinkas North to add ounces • These “gaps” are priority one for infill RC and diamond drilling 10,000 metr
Slide 8: Katanning Gold Resource Extensions - Jinkas North
8 Katanning Gold Resource Extensions -Jinkas North • Jinkas North - 850 metre gap in drilling north-east of high grade Jinkas lode identified with open strike extension • Coincident geophysical (Fixed Loop EM and magnetic) and geochemical anomalies Near surface potential Cape Town – February 2019 17
Slide 9: Katanning Gold Resource Extensions - Jinkas South
9 Katanning Gold Resource Extensions - Jinkas South • Jinkas South - newly identified high grade zone discovered in recent drilling, including 26m @6.6 g/t and 15m @ 3.66 g/t Au down dip of current Resource • Open along strike over 300 metres and down dip – another prime target for high grade ounces
Slide 10: Resource Growth – New Discoveries 'Near Mine'
10 Resource Growth – New Discoveries ‘Near Mine’ Datatine: Near Mine: New discovery Repetitions along strike High grade gold Multiple targets Validates AC drill anomalies geological model Gravity and EM anomalies Western Trends: Parallel structure Lukin and Anomalous Au in Shoestri
Slide 11: Western Trend - New Parallel Gold System?
11 Western Trend- New Parallel Gold System? Datatine • Two new gold mineralised trend identified Trend parallel within 5 km of KGP Resource • Gold anomalies from previous auger sampling in two undrilled greenstones with 10 km strike length • Auger drilling program underway with over 1000 auger sampl
Slide 12: Massive Ground Position in underexplored Greenstone Belt
Massive Ground Position in underexplored 12 Greenstone Belt • Massive regional ground holding of >4,000 km2 • 130 km strike of underexplored greenstones with major crustal boundaries • Numerous gold anomalies identified within • Ongoing regional exploration program with highly experienced Cape Town
Slide 13: Red Hill Vanadium Project – A Valuable Acquisition
13 Red Hill Vanadium Project – A Valuable Acquisition • Advanced Red Hill Vanadium Project secured via ground acquisition • Past work includes airborne magnetics, soil geochemistry, 1,200 soil & rock chip samples, 94 RC drill holes, 6 diamond core holes and • Preliminary metallurgical test work, inc
Slide 14: Yamarna Joint Venture
14 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
Slide 15: Doolgunna Joint Venture
15 Doolgunna Joint Venture • Located in WA’s Bryah Basin (150km north-east of Meekatharra) • Highly prospective for VMS copper-gold and Plutonic-style gold mineralisation, adjacent to DeGrussa VMS deposit • Recent farm-in agreement with Intrepid Resources (ASX:IAU). Ausgold retains 30% contributing
Slide 16: Summary
16 Summary • 1 million ounce gold Resource at Katanning • Potential to significantly increase current Resource with high grade mineralisation identified north & south along strike from Jinkas • Pit optimization & metallurgical studies underway to convert Resources to mineable ounces • Major infill &
Slide 17: Corporate Snapshot
17 Corporate Snapshot 47.94% Top 20 Top 20 shareholders hold Richard Lockwood - Non Executive Chairman 11.4% 59.34% of shares • Career in mining investment, stockbroking, funds management Directors with active involvement in development in several mining groups & on issue numerous mining projects gl
Slide 18: Thank you
18 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace Perth WA 6000 Cape Town – February 2019