Austral Gold Limited · ASX:AGD
Austral Gold — Investor Presentation (June 2023)
35 slides from Austral Gold's investor presentation, Jun 19, 2023
Slide 1: Established Gold Producer
For personal use only ESTABLISHED GOLD PRODUCER UNIQUE exposure to gold production, exploration, and investment in the Americas June 2023 ASX AGD | TSX-V AGLD ASX AGD | TSX-V AGLD |
Slide 2: Disclaimer
DISCLAIMER This presentation contains information about Austral Gold Limited ("Austral Gold") and Austral Gold's properties that have been extracted from more comprehensive documents. The information contained is provided in summary form and is qualified in its entirety by the documents from which i
Slide 3: Investment Case
INVESTMENT CASE UNIQUE exposure to gold production, exploration, and investment in the Americas. For personal use only GOLD GOLD GOLD PRODUCTION EXPLORATION INVESTMENTS PROFITABLE operations TARGETING high and low EXPANDING exposure through delivering positive cash flow sulfidation epithermal gold a
Slide 4: High-Quality Portfolio
HIGH-QUALITY PORTFOLIO Located in rich mineral endowments. SOUTH UNITED AMERICA STATES For personal use only WALKER LINE, NEVADA Rawhide Mine 25% Ownership Production PALEOCENE BELT, CHILE TRIASSIC CHOIYOI BELT, ARGENTINA Guanaco/Amancaya Mines 100% Ownership Casposo-Manantiales Mine Production | Ex
Slide 5: Significant Re-Rating Potential
SIGNIFICANT RE-RATING POTENTIAL Value drivers 03 DISCOVER A NEW GOLD AND SILVER DEPOSIT For personal use only 02 THROUGH EXPLORATION RE-START OPERATIONS AT EXISTING high-quality CASPOSO MANANTIALES portfolio with several opportunities 01 MINE COMPLEX INCREASE PRODUCTION AT ADVANCING to consolidate a
Slide 6: Metrics with Momentum
METRICS WITH MOMENTUM A commitment to continuous improvement ACCUMULATED PRODUCTION COST OF PRODUCTION GOLD PRICE For personal use only GOLD EQUIVALENT OUNCES (GEO) US$/GEO US$/OZ Actuals Latest NI-43-101 * AISC* Average 1,200 1,800 2,000 1,600 1,600 600K 1,400 1,200 1,200 400K 1,000 800 800 200K 60
Slide 7: Gold Production
For personal use only GOLD PRODUCTION ASX AGD | TSX-V AGLD | 7
Slide 8: Guanaco/Amancaya Mines
GUANACO/AMANCAYA MINES Flagship Mining Operation in Chile For personal use only Production Cash Cost 2012–2021 475,000 US$760 AuEq Oz AuEq Oz 10 YEAR OUTSTANDING All-In Sustaining Cost Selling Gold Price TRACK-RECORD US$970 US$1,450 AuEq Oz Oz After-Tax Pre-Tax Free NPV 2022–2033 Cash Flow US$133m U
Slide 9: FY2023 Forecast
FY2023 FORECAST Improving metrics For personal use only Increase production by over 30%. Heap-processing INCREASING projected to contribute ~10,000 GEOs in 2023. GOLD FY2022 FY2023 PRODUCTION 27,686 34,000-38,000 GEOs GEOs Lower costs of reprocessing material at the heaps in 2H to offset lower forec
Slide 10: Growth Production Plan
GROWTH PRODUCTION PLAN Expand the Guanaco-Amancaya Operation For personal use only 2022 2023 + 2024 Develop 5-10 year Develop a plan to further increase Continue converting inferred reserve and resource life production for the next 5-years resources into reserves through infill drilling Amancaya Min
Slide 11: Casposo-Manantiales Mine
CASPOSO-MANANTIALES MINE Opportunity to restart mining operations in Argentina Mineral Reserves For personal use only ~250,000 AuEq Oz Required to re-start operations Annual Target Production TARGET CASE 30,000-35,000/AuEq Oz Historical Production 2011-2019 +500,000/AuEq Oz Established infrastructur
Slide 12: Gold Exploration
For personal use only GOLD EXPLORATION ASX AGD | TSX-V AGLD | 12
Slide 13: Palaeocene Belt, Chile
PALAEOCENE BELT, CHILE Cerro Buenos Aires Project Austral Gold controls an extensive portfolio of LAS PAMPAS +150,000 hectares of mining properties. For personal use only Chile’s Paleocene Belt hosts major gold and silver deposits such as El Peñón Mine (Pan Favorable alteration American Silver) and
Slide 14: Guanaco Mine, Chile
GUANACO MINE, CHILE Exploring within the mine footprint to increase production and LOM Minex target Third Party Property Drillholes For personal use only We have up to six main targets. 500m The top-ranked priorities are: Los Nanos Process Plant Dumbo Cachinalito - Natalia Dumbo - Defensa • Define t
Slide 15: Sierra Inesperada, Chile
SIERRA INESPERADA, CHILE Potential High-Sulphidation Project located 10km SW of Guanaco. For personal use only Multiple targets confirmed an HS hydrothermal activity controlled by phreatomagmatic complexes with silver mineralisation vectoring to potential blind gold mineralisation Next Step • Prepar
Slide 16: Amancaya Mine, Chile
AMANCAYA MINE, CHILE Exploring within the mine footprint to increase production and LOM Norte Vein For personal use only Amancaya is a low sulfidation (LS) epithermal gold-silver deposit with further expansion potential through exploration Central Vein !. !. !. Sur Vein Central Vein !. • Currently d
Slide 17: Gold Exploration, Argentina
GOLD EXPLORATION, ARGENTINA Austral Gold controls an extensive portfolio of +100,000 hectares of mining properties. For personal use only Jagüelito Project Argentina’s richest mineral endowments with 50% Option Exploration epithermal gold and silver deposits. Indio Belt, Argentina Indio Belt Casposo
Slide 18: Casposo-Manantiales Project
CASPOSO-MANANTIALES PROJECT Triassic Choiyoi Belt Our presence in the Triassic Choiyoi Belt is For personal use only in the Casposo District, located on the eastern edge of the Cordillera Frontal (Calingasta Department), about 170 km NW of the city of San Juan Key strategic objective to consolidate
Slide 19: Manantiales Project, Argentina
MANANTIALES PROJECT, ARGENTINA Triassic Choiyoi Belt Manantiales Vein – Longitudinal Section For personal use only Exploring for blind ore-shoots ASX AGD | TSX-V AGLD | 19
Slide 20: Jagüelito Project, Argentina
JAGÜELITO PROJECT, ARGENTINA Indio Belt Pascua Lama Pz Basement Miocene Volcanic Complex Favorable alteration La Cuña Austral Gold has an option Veladero (Advanced Argillic) Austral properties Diatreme For personal use only agreement to acquire 50% of 2022/2023 Drillholes Barrick properties Historic
Slide 21: Jagüelito Project, Argentina
JAGÜELITO PROJECT, ARGENTINA Indio Belt ¯ For personal use only At Jagüelito Sur Target Area, preliminary work identified Sagitario Diatrem 2022/2023 Drillholes five structures related to Historical Drillholes Structures e phreatomagmatic activity that suggest alteration and potential mineralisation
Slide 22: Sierra Blanca Project, Argentina
SIERRA BLANCA PROJECT, ARGENTINA Deseado Massif. For personal use only Located adjacent to the Pinguino Project and in the prolific corridor defined by Cerro Vanguardia and Cerro Negro deposits Sierra Blanca is a low to intermediate sulfidation epithermal deposit , largely veins (Chala- Achen veins)
Slide 23: Gold Investments
For personal use only GOLD INVESTMENTS ASX AGD | TSX-V AGLD | 23
Slide 24: Gold Investments
GOLD INVESTMENTS Building an equity portfolio of mining companies UNICO SILVER PAMPA METALS ENSIGN MINERALS RAWHIDE MINE For personal use only Deseado Massiff, Paleocene Belt, Carlin Trend, Walker Line, Santa Cruz, Argentina Chile Utah, USA Nevada, USA 17% interest. 7% interest. 12% interest. 25% in
Slide 25: Gold Investments
GOLD INVESTMENTS Building an equity portfolio of mining companies PROJECTS FLAGSHIP For personal use only NAME HOLDING TYPE LOCATION PROJECT Unico Silver Ltd ASX Listed 17% Exploration Argentina Cerro Leon Project Pampa Metals Corp. CSE Listed 7% Exploration Chile Block 4 Project Ensign Minerals Inc
Slide 26: Upcoming Milestones
UPCOMING MILESTONES Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 For personal use only GUANACO-AMANCAYA MINE, CHILE Complete construction and start production from the Heap Reprocessing project CASPOSO-MANANTIALES MINE, ARGENTINA Design the base plan to restart Casposo, comprising of a new resource estim
Slide 27: Corporate Overview
CORPRATE OVERVIEW ASX: AGD | TSX-V: AGLD SHARE PRICE MARKET CAPITALISATION For personal use only $A0.036 A$22.0m 31 May 2023 31 May 2023 52 week high $0.063, low $0.036 SHARES ON ISSUE ENTERPRISE VALUE 612.3m A$37.1m No outstanding warrants/options 31 May 2023 Share ownership Eduardo Elsztain 75.3%
Slide 28: Leadership
LEADERSHIP Strong in-country experience EXTENSIVE mining track-record in the Americas with capabilities For personal use only spanning mine management, project acquisition, development, construction, exploration discovery, and stakeholder management. EDUARDO ELSZTAIN STABRO KASANEVA SAUL ZANG PABLO
Slide 29: Contact Us
For personal use only Stabro Kasaneva Chief Executive Officer CONTACT US Jose Bordogna Chief Financial Officer +61 466 892 307 info@australgold.com South America +54 11 4323 7500 North America +1 604 868 9639 ASX AGD | TSX-V AGLD | 29
Slide 30: Appendices
For personal use only APPENDICES ASX AGD | TSX-V AGLD | 30
Slide 31: Cash Flow from Operations Invested in Growth
CASH FLOW FROM OPERATIONS INVESTED IN GROWTH +US$60M invested in various M&A transactions including two friendly takeovers of TSXV listed companies For personal use only 2013 2014 2016 2017 2019 2020 2021 2022 15% Private Acquisition of 51% Acquisition of Acquisition of two Acquisition of Earn-in Fr
Slide 32: Technical Report: Summary of Mineral Reserves
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX Summary of Mineral Reserves – December 31, 2022 For personal use only AMANCAYA UNDERGROUND INESPERADA OPEN PIT Classification Tonnes Grade Contained Metal Classification Tonnes Grade Contained Metal g/t Au g/t Ag g/t Au g/t Ag g/t Au g/t Ag g/t A
Slide 33: Technical Report: Summary of Mineral Reserves Notes
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX Summary of Mineral Reserves – December 31, 2022 Notes: Notes: For personal use only 1. Mineral Reserves follow CIM (2014) definitions and are compliant with the 7. Bulk density is 2.5 t/m3. JORC Code. 8. The following parameters were used for the
Slide 34: Technical Report: Summary of Mineral Resources
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX Summary of Mineral Resources – December 31, 2022 For personal use only AMANCAYA UNDERGROUND INESPERADA OPEN PIT Classification Tonnes Grade Contained Metal Classification Tonnes Grade Contained Metal g/t Au g/t Ag g/t Au g/t Ag g/t Au g/t Ag g/t
Slide 35: Technical Report: Summary of Mineral Resources Notes
TECHNICAL REPORT ON THE GUANACO/AMANCAYA MINE COMPLEX Summary of Mineral Resources – December 31, 2022 For personal use only Notes: 1. Mineral Resources followed CIM (2014) definitions and are compliant with 7. Gold equivalency (AuEq) was calculated as follows: the JORC Code. • Guanaco: AuEq = Au +