Ausgold Limited · ASX:AUC
Ausgold — RIU Explorers Conference 2021
26 slides from Ausgold's conference presentation, February 2021
Slide 1: Ausgold Limited Corporate Presentation
ASX: AUC Ausgold Limited FRA:AU4 Corporate Presentation RIU Explorers Conference Booth #55 February 2021
Slide 2: Disclaimer
Disclaimer 2 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 h
Slide 3: Ausgold Investment Highlights
Ausgold Investment Highlights 3 • 1.2 million-ounce JORC Resource with high-grade core Including 28m @ 11.28 g/t Au from 90m (true width) • New geological model predicts parallel high-grade gold mineralisation and direct targeting using down-hole EM - recent results validate approach: i.e. 19m @ 2.9
Slide 4: Corporate Snapshot
4 Corporate Snapshot 48% Top 40 Top 20 shareholders hold Richard Lockwood - Non Executive Chairman 8% 58% of shares on Career in mining investment, stockbroking, funds management with Directors active involvement in development in several mining groups & numerous issue mining projects globally Dr Ma
Slide 5: Katanning Gold Project
Katanning Gold Project 5 33.9 Mt @ 1.1 g/t Au for 1.2 Moz gold JORC Resource 1.2 Moz gold Resource in Western Australia with Higher grade core 10Mt @ 1.48 g/t for 456 Koz – Central Zone, including: massive exploration 28m @ 11.28 g/t Au from 90m potential 20m @ 10.53 g/t Au from 10m 26m @6.60 g/t Au
Slide 6: Strategic ground position in SW Yilgarn
Strategic ground 6 position in SW Yilgarn • Ausgold’s exploration potential with recent moves into the region by major mining companies • Large strategic landholding (+4,000km2) covering 130km strike length • Identified targets for gold, nickel and PGE AUC Presentation February 2021 • Regional geoch
Slide 7: Timeline 2021
Timeline 2021 7 Q1 Q2 Q3 Drill programs RC and diamond drill & DHEM programs underway targeting high grade gold Resource mineralisation within Central zone Resource area 2,500m EIS co-funded RC & Jinkas North Diamond drilling 3,500 m RC drill program Rifle Range AUC Presentation February 2021 Reconn
Slide 8: 1.2 Million Ounces & Growing
1.2 Million Ounces & Growing 8 Resource upgrade March 2021 building on current 1.2 million ounces @ 1.10 g/t Au 30,000m new drilling with recent high grade drill results Improved estimation techniques and geological model Open at depth beneath 170m Recent high-grade drilling results highligh
Slide 9: Resource Extensions
Resource Extensions 9 • Jinkas North - 850 metre gap in drilling along strike high grade Jinkas lode coincident geophysical (Fixed Loop EM, gravity and magnetic) and geochemical anomalies – Drilling commenced • Jinkas South – high-grade parallel lode intersected over 1,300 metres, remains open along
Slide 10: Central Zone Resource
10 Central Zone Resource 1.2 M Oz gold Resource centered on mineralisation over 17 km Jinkas strike length North Targets based on geological model and high-quality geophysics: Depth potential - beneath 170m Jinkas South high-grade lode extends over 1,300m Jinkas AUC Presentation February 2021 re
Slide 11: New geological model: High-grade gold at fold hinge
New geological model: High-grade gold at fold hinge 11 • Wide zones of high-grade gold occur at the “fold hinge”, where we also get accumulations of the magnetic mineral pyrrhotite which means we can use downhole EM to identify these zones • Jinkas South lode – new high-grade discovery extending ove
Slide 12: Jinkas South Lode
Jinkas South Lode 12 • High grade lode parallel to Jinkas Lode • New high grade results confirm geological model and DHEM as targeting tool • Increasing broad mineralised zones with significantly higher grades 29m @ 1.84 g/t Au from 104m incl.18m @ 2.72 g/t Au 19m @ 2.92 g/t Au from 121m incl. 1m@ 3
Slide 13: Jinkas South Lode Open
13 Jinkas South Lode Open • Drilling underway • Open along strike to north and south • DHEM targets highlight potential Resource extensions New high-grade discovery – parallel Jinkas South lode recent results include: Open 29m @ 1.84 g/t Au from 104m incl.18m @ 2.72 g/t Au 19m @ 2.92 g/t Au from 121
Slide 14: Jinkas
14 Jinkas Parallel high-grade lodes with further RC and diamond drilling underway along strike to extend the newly discovered Jinkas South lode AUC Presentation February 2021 Jinkas North Recently completed drilling targeting high – grade gold mineralisation
Slide 15: Exploration Greater KGP area
Exploration Greater KGP 15 area • Large gold system centred on 1.2 Moz gold Resource identified along major regional faults • Newly identified gold mineralised Burong–Datatine trend within 5km of Central Zone • Multiple near-Resource gold targets within trucking AUC Presentation February 2021 distan
Slide 16: Near regional Resource potential
Near regional Resource potential 16 Burong – Datatine Trend New discovery Mineralisation identified along a strike length of 2.5km Maiden RC drill program intersect broad zone of mineralisation up to 6.47 g/t Nanicup Bridge bottom of hole Gold mineralisation over 20km strike AUC Presentation
Slide 17: Underexplored Archean Greenstone Belt
Underexplored Archean 17 Greenstone Belt • Extensive ground position +4,000km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified in underexplored greenstone belt AUC Presentation February 2021 • Expanded ground holding targeting layered mafic – ultramafic intru
Slide 18: Woodanilling Au-PGE potential
18 Woodanilling Au-PGE potential • Mafic – ultramafic intrusive complex with 70 ppb peak values Pt – Pd in historic drilling • Four geochemical targets identified with 17 RC and two diamond drill holes for a total of 2,540m recently completed with EIS co-funding • Recently completed DHEM survey AUC
Slide 19: Summary
19 Summary 1.2 million-ounce gold Resource - upgrade March 2021 30,000m drill program and new geological model delivering high-grade gold results AUC Presentation February 2021 Low EV with large Resource base - significant potential for growth Numerous targets to further expand Resource Re
Slide 20: Thank you
20 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace AUC Presentation February 2021 Perth WA 6000 info@ausgoldlimited.com www.ausgoldlimited.com.au Come see us at Booth #55
Slide 21: Appendix - Comparison with ASX Peers
Appendix 1 - Comparison with ASX Peers 21 with undeveloped >1 million ounce gold Resources in Western Australia Apollo Capricorn De Grey Company Consolidated Metals Calidus Mining Bellevue Rox Kin Ausgold ASX Code AOP CMM CAI DEG BGL RXL KIN AUC Project Rebecca Karlawinda Klondyke Hemi Bellevue Youa
Slide 22: Appendix – Other Projects
22 Appendix 2 – Other Projects • WoodanillingProject - 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) • Two fully funded joint ventures on AUC Presentation February
Slide 23: Yamarna Joint Venture
23 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 24: Doolgunna Joint Venture
24 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). Ausg
Slide 25: Lake Magenta Gold Project, WA
Lake Magenta Gold Project, WA 25 • Located 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 26 • 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 A