Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (September 2010)
27 slides from Ausgold's investor presentation, Sep 20, 2010
Slide 1: Investor Presentation
For personal use only INVESTOR PRESENTATION September 2010 Slide 1
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only • 4 highly-prospective gold-copper projects within emerging mineral provinces • JORC resource of 241,800 ounces of gold (Measured, Indicated and Inferred) • Significant upside for additional deposits – Over 100 kilometres of previously unmapped Archaean gr
Slide 3: Company Background
COMPANY BACKGROUND For personal use only • Formed to discover new gold and copper-gold deposits within emerging mineral provinces across Australia • Tenement portfolio selected by a team of international gold experts from the Centre of Exploration Targeting • Raised $10 million in December 2009 for
Slide 4: Corporate Information
CORPORATE INFORMATION For personal use only CAPITAL STRUCTURE ISSUED SHARE CAPITAL 90.05 million (55.5 million tradeable) CASH A$7.9 million (30 June 2010) CURRENT SHARE PRICE A$0.32 (17 September 2010) MARKET CAPITALISATION approx. A$29 million BOARD OF DIRECTORS ROBERT PETT Chairman BENJAMIN BELL
Slide 5: Portfolio of Assets
PORTFOLIO OF ASSETS For personal use only • Boddington South Gold Project – Potential repetition of Newmont’s 26 million ounce Boddington Gold Mine – Over 100 kilometres of previously unmapped Archaean greenstones identified – 241,800 ounce JORC gold resource – Current resource drilling limited to 3
Slide 6: Portfolio of Assets
PORTFOLIO OF ASSETS For personal use only • Yamarna Project – 7 strong bedrock conductors and 12 secondary targets identified via airborne electromagnetics – Intersected massive and disseminated (iron) sulphides during initial drilling program (awaiting assays) – 13 electromagnetic targets currently
Slide 7: Boddington South Overview
BODDINGTON SOUTH – Overview For personal use only • Over 100 kilometres of previously unmapped greenstones identified • 5 deposits already discovered within Ausgold’s Boddington South Gold Project • Similar mineralisation geometry as Newmont’s Boddington Gold Mine (26 million ounce gold & 1.3 millio
Slide 8: Location and Infrastructure
BODDINGTON SOUTH – Location and Infrastructure For personal use only EASY ACCESS • Less than 2 hours drive from Perth • Sealed public roads to, and within, project area • Public airport nearby ESTABLISHED INFRASTRUCTURE • Connected to main electricity grid • Ample water available via nearby bore fie
Slide 9: History and Opportunity
BODDINGTON SOUTH – History and Opportunity For personal use only • Southwest Yilgarn has experienced sporadic and unsystematic exploration to date • Region overlooked despite hosting Australia’s largest gold deposit and WA’s largest copper deposit in Newmont’s Boddington Gold Mine • Exploration hist
Slide 10: Defined Mineral Resource
BODDINGTON SOUTH – Defined Mineral Resource For personal use only RESOURCE TONNES GRADE OUNCES DYLIABING Inferred Resource 306,000 1.15 11,300 LONE TREE Inferred Resource 555,000 0.79 14,100 WHITE DAM Inferred Resource 338,000 0.79 8,600 DINGO HILL Indicated Resource 300,500 1.42 8,600 (1.0 g/t cut
Slide 11: Gold Mineralisation
BODDINGTON SOUTH – Gold Mineralisation For personal use only • Occurs along intrusive adamellite (granite) and mafic granulite contact • Parallel gold mineralisation on both sides of >25km long adamellite Slide 11
Slide 12: Exploration Strategy
BODDINGTON SOUTH – Exploration Strategy For personal use only • Four objectives of Ausgold’s exploration strategy – Drilling the depth and strike extensions of the project’s five current deposits – Delineate additional gold resources along strike of the Jinka’s Hill Deposit where 14 gold occurrences
Slide 13: Exploration of Gold Deposits
BODDINGTON SOUTH – Exploration of Gold Deposits For personal use only • Drill test extensions of 5 current deposits – Intersections from the limited previous drilling beneath Jinka’s Hill Deposit include; • 14m @ 5.59 g/t Au from 80 metres • 4m @ 7.54 g/t Au from 102 metres • 3m @ 16.0 g/t Au from 1
Slide 14: Exploration of Gold Mineralisation
BODDINGTON SOUTH – Exploration of Gold Mineralisation For personal use only • Delineate additional gold resources along strike of the known deposits including; – Datatine Prospect (7 km north of the Jinka’s Hill Deposit) • 4m @ 15.6 g/t Au from previous RC drilling – Olympia Prospect (2 km north of
Slide 15: Exploration of Large Soil Anomalies
BODDINGTON SOUTH – Exploration of Large Soil Anomalies For personal use only • Test large soil anomalies across the greater project area including; – Armstrong Prospect • 7km long gold-in-regolith geochemical anomaly • 3km long copper-in-regolith geochemical anomaly – Hudson Prospect • 3km long gold
Slide 16: Exploration of Greenstones
BODDINGTON SOUTH – Exploration of Greenstones For personal use only • Identify new gold mineralisation within previously unmapped Archaean greenstones – Over 100km strike length of untested greenstones – Regional geochemical program commencing in coming months – Airborne geophysical surveys to compl
Slide 17: Review of Copper Mineralisation
BODDINGTON SOUTH – Review of Copper Mineralisation For personal use only • Commence re-assaying for copper mineralisation – Chalcopyrite mineralisation observed in drill core by Ausgold geologist – No copper assays available for previous drilling – Boddington Gold Mine is also WA’s largest copper de
Slide 18: Exploration Program
BODDINGTON SOUTH – Exploration Program For personal use only • Extensive drilling program commencing in October • Includes over 27,000 metres of air core and 24,000 metres of RC drilling Deposit / Prospect # of RC holes # of RC metres # of air core holes # of air core metres Jinkas Hill 35 3,500 - -
Slide 19: Doolgunna Station – Overview
DOOLGUNNA STATION – Overview For personal use only • Adjacent to Sandfire Resources’ DeGrussa copper-gold project • Jenkins Faults controls DeGrussa mineralisation • Project covers >5km strike length of Jenkins Fault • Major primary sulphides at DeGrussa deposit are pyrite, chalcopyrite & pyrrhotite
Slide 20: Doolgunna Station – Exploration Strategy and Results
DOOLGUNNA STATION – Exploration Strategy and Results For personal use only • Initial shallow air core drilling program of targets within Narracoota Volcanics • Refined knowledge of structural controls of DeGrussa mineralisation • Focus shifted to continuation of Jenkins Fault within project • Pyrrho
Slide 21: Yamarna – Overview
YAMARNA – Overview For personal use only • Eleckra Mines’ 900,000 ounce gold deposit located on parallel fault • Archaean greenstone sequence hosts historic copper-nickel workings • Thick cover of windblown sand discouraged previous explorers Slide 21
Slide 22: Yamarna – Exploration Strategy and Results
YAMARNA – Exploration Strategy and Results For personal use only • 7 strong bedrock conductors, 12 secondary targets identified via airborne EM • Massive and disseminated pyrite & pyrrhotite (iron sulphides) intersected during initial drill program • Awaiting assay results from RC drill program • Do
Slide 23: Cracow – Overview
CRACOW – Overview For personal use only • Neighbours Newcrest Mining’s 1 million ounce Cracow Gold Mine • Significant gold and copper mineralisation returned in historic surface sampling • Potential repetitions of structural trends hosting Cracow Gold Mine within project area Slide 23
Slide 24: Cracow – Exploration Strategy and Results
CRACOW – Exploration Strategy and Results For personal use only • Gold anomalies identified from recent reconnaissance stream and soil sampling program (as shown) • Follow-up surface sampling program commencing in late September (as shown) • Geophysical survey to map alteration zones associated with
Slide 25: Summary & Outlook
SUMMARY & OUTLOOK For personal use only • Objective is to discover new gold and copper-gold deposits within Australia • Tenement portfolio selected by a team of international gold experts • Experienced management and technical team with a track record of discovering and developing deposits • Current
Slide 26: Disclaimer
DISCLAIMER For personal use only Competent Person’s Statement The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Benjamin Bell, who is a Member of the Australian Institute of Geoscientists. Mr Bell is the Ch
Slide 27: For personal use only
For personal use only Registered office: Contact Details: Level 14, Parmelia House ASX Code: AUC 191 St George’s Terrace Contact: Benjamin Bell Perth WA 6000 Email: bbell@ausgoldlimited.com +61 8 9424 9300 www.ausgoldlimited.com Slide 27