Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (October 2021)
26 slides from Ausgold's investor presentation, Oct 11, 2021
Slide 1: Corporate Presentation October 2021
ASX: AUC FRA:AU4 Corporate Presentation October 2021 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: Table of Contents
Table of Contents Investment highlights 4 Corporate 5 Background 6 Opportunity 8 Jinkas North & South 10 Underground Potential 11 Rifle Range & Southern Zone 12 Regional 14 Summary 16 3
Slide 4: Investment Highlights
Investment Highlights Katanning – An Outstanding Whole of Belt Exploration Play Critical Mass • 1.54Moz @ 1.25g/t gold Resource Foundation • >1Moz now in the Measured and Indicated category • Supports a stand-alone gold operation >100kozpa • Resource on granted Mining Licences • Tenements on freehol
Slide 5: Corporate
Corporate Capital Structure Share Price at 8 October 2021 45 $0.0650 Volume 40 Price Shares on Issue 1,585m 14% $0.0600 Directors 35 $0.0550 30 Share Volume (M) Unlisted Options (@ A$0.06) 26.7m 49% 25 $0.0500 Performance Rights 58m Top 20 37% 20 $0.0450 Other Shareholders 15 Share Price A$0.038 $0.
Slide 6: Background
Background Critical mass foundation established 1.54Moz @ 1.25g/t Supports a stand-alone gold operation >100kozpa Large Exploration Upgraded Resource Project Infrastructure Program Recent high-impact drilling Gold ounces increased 28% to • +4,000km2 landholding program focused on the 1.54moz (from 1
Slide 7: Katanning overview
Katanning overview Katanning Long section highlighting the Central Zone Open Katanning - Main Strike Zone Areas Recently completed high–grade gold mineralisation hits 7
Slide 8: 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 planned 2,500m Auger & Regional soils 12 high priority Gold EIS co-funded RC and diamond 30,000m Aircore program & PGE targets drill programs 1.54Moz Resource > 18,000 m RC Completed 30,000m additio
Slide 9: Scale Opportunity: Whole-of-Belt Exploration Play
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 of untested zone 2 outstanding e
Slide 10: Scale Opportunity: Jinkas North and South
Scale Opportunity Jinkas North and South 1. Jinkas North 850 metre gap in drilling along strike from high-grade Jinkas lode with coincident geophysical and 1 geochemical anomalies, and includes underground potential with drilling planned High-grade gold strongly correlated with 2 the magnetic minera
Slide 11: Scale Opportunity: Underground potential
Scale Opportunity Underground potential Current underground Resource 0.54 Mt @ 3.1 g/t for 54Koz Limited drilling > 300m depth Down-plunge extensions of high-grade Jinkas and Jinkas South lodes identified with potential to add further Resource ounces. Katanning long section highlighting the identifi
Slide 12: Scale Opportunity: Rifle Range and Southern Zone
Scale Opportunity Rifle Range and Southern Zone Ausgold has completed its initial 35-hole 5,250m RC drill program within Rifle Range, across >2.5km of untested strike, with new targets supported by coincident EM anomalies and gold-in-soil anomalies. Southern plunge direction indicates repeats of pre
Slide 13: Scale Opportunity: Southern Zone
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 south of the Dingo Resource. With encouraging results from first round of drilling including: • 10m @ 2.
Slide 14: Scale Opportunity: Near Resource Potential
Scale Opportunity Near Resource Potential Burong – Datatine Trend • New discovery • Mineralisation identified along a strike length of 2.5km • Maiden RC drill program to intersect broad zone of mineralisation up to 6.47g/t bottom of hole Lukin • Gold anomalism over 7km of strike length • Mineralisat
Slide 15: Untested regional potential > 4,000 Km2
Scale Opportunity Untested regional potential > 4,000 Km2 • Large Regional Exploration program to commence Q4 2021 • 12 high priority targets - 30,000m Aircore drilling and 2,500m Auger program planned Gold • Extensive ground position +4,000km2 covering 130km strike of underexplored greenstones • 46
Slide 16: Summary
Summary Katanning – An Outstanding Whole-of-Belt Exploration Play Transformational 1.54Moz @ 1.25g/t gold Resource upgrade and >1Moz now in the Foundation Critical Mass Measured and Indicated category to support a stand-alone gold operation >100kozpa Funded high-impact 60,000m drill program Potentia
Slide 17: Contact
ASX: AUC FRA:AU4 Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 info@ausgoldlimited.com T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace | Perth WA 6000 www.ausgoldlimited.com.au 17
Slide 18: Appendix - Comparison with ASX Peers
Appendix 1 - Comparison with ASX Peers With undeveloped >1 million ounce gold Resources in Western Australia Apollo De Grey Company Calidus Bellevue Rox Kin Ausgold Consolidated Mining ASX Code AOP CAI DEG BGL RXL KIN AUC Project Rebecca Klondyke Hemi Bellevue Youanmi Cardinia Katanning Ownership 10
Slide 19: Katanning Gold Project Resource
Katanning Gold Project Resource • 1.54 Moz @ 1.25 g/t Au in KGP Resource • 1Moz of Resource in Measured and Indicated categories • Open below 150 m depth Mineral Tonnes Gold Moz Resources* (Mt) (g/t) Measured 6.40 1.48 303,300 Indicated 18.74 1.19 718,000 Inferred 13.04 1.24 518,400 Total 38.18 1.25
Slide 20: Appendix
Appendix LIMITED
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