Ausgold Limited · ASX:AUC
Ausgold — Canaccord Global Metals & Mining Conference 2026
28 slides from Ausgold's conference presentation, May 21, 2026
Slide 1: A Scalable Gold Development Story with District-Scale Upside
A Scalable Gold Development Story with District-Scale Upside Delivering and growing the Katanning Gold Project, WA Canaccord Global Metals & Mining Conference, Nevada John Dorward, Executive Chairman – 19-21 May 2026 ASX: AUC FRA: AU4
Slide 2: Disclaimer
Disclaimer Important Information The following notice and disclaimer applies to this investor presentation (“Presentation”) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting
Slide 3: Disclaimer
Disclaimer Forward looking statements and forecasts This Presentation contains certain “forward-looking statements” and comments about future matters. Forward-looking statements can generally be identified by the use of forward-looking words such as, “expect”, “anticipate”, “likely”, “intend”, “shou
Slide 4: Investment Highlights
Investment Highlights Delivering WA’s next mid-tier gold producer 2.44Moz gold Tier-1 jurisdiction Clear pathway Resource with permitting and to +120kozpa with 1.33Moz approvals well production, with Ore Reserve advanced rapid payback High-margin open Initial 10-year 3,000km2 pit project with mine l
Slide 5: The Big Picture
The Big Picture Near-term production set to unlock a district-scale opportunity From Single Asset to District-Scale Producer • Established 2.44Moz Resource base forming the foundation of development • Significant Resource-to-Reserve conversion already achieved (1.33Moz Ore Reserve) • Rapidly advanci
Slide 6: Our Strategy
Our Strategy Near-term production set to unlock a district-scale opportunity Develop Grow Build Develop the Katanning Grow production through Unlock a multi-deposit, Gold Project as a Central Resource expansion and multi-decade gold district Processing Hub satellite discoveries 6
Slide 7: Development & Growth Strategy
Development & Growth Strategy Path to production with embedded growth pipeline Development • Open pit operation with conventional CIL processing • +10-year initial mine life • FID targeted: Q4 2026 • First gold targeted: mid-2028 Growth • Ongoing 54,000m drilling campaign • High-grade extensions bel
Slide 8: Development Metrics – December 2025 DFS Update
Development Metrics – December 2025 DFS Update1 High-margin, low-risk gold development with strong leverage Production Profile Costs Capital Returns2 Competitive AISC with strong Initial development capital – NPV: A$1.03B – A$2.30B 143koz pa (first 4 years average) margin at current gold prices A$35
Slide 9: Pathway to Production
Pathway to Production Clear pathway to a Final Investment Decision in Q4 2026 Development Momentum Building: Key Enablers: ✓ Final Investment Decision targeted: end-2026 ✓ Land access secured ✓ Permitting and approvals well advanced ✓ Community agreements in place ✓ Early engineering and long-lead i
Slide 10: Early Site Works Underway
Early Site Works Underway EPC contract awarded for 250-room Workforce Accommodation Village Workforce Accommodation • State-of-the-art 250-room Accommodation Village • Situated on the outskirts of Katanning • Long-term lease of land secured with the Shire of Katanning • Development approval received
Slide 11: Multi-Rig Growth Drilling Program
Multi-Rig Growth Drilling Program 54,000m drilling program targeting Resource growth and mine life extensions Growth Drilling Underway • Multi-rig campaign with up to five rigs operating • 33,000m completed to date Objectives • Extend mineralisation beyond current pit designs • Convert Resources to
Slide 12: Resource Growth and Optimisation
Resource Growth and Optimisation Disciplined approach to growth ahead of FID Open Pit Expansion • Extensions below current pit shells • Targeting Resource growth, Reserve conversion Underground Potential • Testing down-plunge extensions to ~700m depth • Guided by down-hole electromagnetics (DHEM), w
Slide 13: Open Pit Growth
Open Pit Growth Significant recent down-dip extensions Extensions to Jinkas-White Dam and Jackson mineralisation down-dip of current MRE: • 14m @ 6.18g/t Au from 181m, incl. 5m @ 16.44g/t Au from 181m in BSRC1811 • 9m @ 2.64g/t Au from 165m in BSRC1935 • 10m @ 2.27g/t Au from 150m, incl. 3m @ 6.59g/
Slide 14: Resource De-Risking and In-fill
Resource De-Risking and In-fill In-fill results from the current campaign include: • 11m @ 7.88g/t Au from 99m, incl. 2m @ 41.25g/t Au from 100m in BSRC2022 • 8.0m @ 9.54g/t Au from 90m, incl. 5.8m @ 13.15g/t Au from 90m in BSDD050 • 21m @ 3.27g/t Au from 105m, incl. 14m @ 4.69g/t Au from 110m in BS
Slide 15: Open Pit Growth and In-fill
Open Pit Growth and In-fill Significant recent in-fill results Significant recent down-dip extensions 15
Slide 16: Underground Resource Growth
Underground Resource Growth Datatine – Northern Zone • Located 4km north of Central Zone Resource • Two diamond rigs currently operating • Hosts some of the highest-grade gold lodes at the KGP, with previous drilling returning: • 7.4m @ 4.54g/t from 231.6m (see core photo) • 2.7m @ 10.73g/t from 180
Slide 17: Underground Resource Expansion
Underground Resource Expansion Jinkas – Central Zone • RC drilling underway to extend the primary Jinkas lode down-plunge, building on recently reported down-dip extensions • EIS-funded diamond drilling targeting mineralisation up to ~700m down-plunge of the current Resource, with RC drilling testin
Slide 18: Dominant Regional Position
Dominant Regional Position 3,000km2 of high-quality exploration tenure • Ausgold controls almost the entire Katanning Greenstone Belt • Multiple mineralised trends exceeding 100km in strike • Exceptional opportunity to discover satellite deposits feeding the Central Processing Facility – key regiona
Slide 19: Nanicup Bridge
Nanicup Bridge • Located 40km south-east of the KGP • Host to some of the thickest gold lodes outside the KGP, with intercepts including: • 15m @ 1.03g/t from 51m • 25m @ 0.63g/t from 93m • 22m @ 0.62g/t from 73m • Also hosts supergene enrichment producing narrower but higher-grade results: • 2m @ 2
Slide 20: Corporate Overview
Corporate Overview Capital Structure Shares on Issue Unlisted Options (@ A$0.40 ) Unlisted Warrants (@ A$0.30) Performance Rights 548M 2.0M 6.0M 12.8M Share Price (12 May 26) Market Capitalisation Cash (31 Mar 26) Enterprise Value A$0.915 A$501M A$98M A$403M 20
Slide 21: Corporate Overview
Corporate Overview Capital Structure Share Price $1.40 7.0 $1.20 6.0 Other 43% L1 Capital 6% $1.00 5.0 Board & Mgmt 1% Konwave 5% $0.80 4.0 Jupiter 12% Condire 7% $0.60 3.0 Dundee 8% Franklin 5% $0.40 2.0 T. Rowe Price 8% Other Insto 6% $0.20 1.0 $- 0.0 Volume M/Shares (RHS) Price A$/Share (LHS) Boa
Slide 22: Ausgold – Key Investment Takeaways
Ausgold – Key Investment Takeaways A rare combination of near-term growth potential production and district-scale growth Development-ready gold project with strong economics • Clear pathway to production in 2028 • Large-scale exploration upside across 3,000km2 • Active drilling delivering near-term
Slide 23: Questions
Questions John Dorward, Executive Chairman Ausgold Limited T: (08) 9220 9890 Level 1, 307 Murray Street, Perth WA 6000 info@ausgoldlimited.com www.ausgoldlimited.com 23
Slide 24: Appendix
Appendix 24
Slide 25: Mineral Resource Estimate and Ore Reserve
Mineral Resource Estimate and Ore Reserve3 December 2025 Mineral Resource Estimate RESOURCE CATEGORY TONNES (MT) GRADE (G/T AU) CONTAINED GOLD (OZ) MEASURED 41.6 1.14 1,531,000 INDICATED 21.2 1.02 693,000 INFERRED 5.9 1.16 219,000 TOTAL RESOURCE 68.6 1.11 2,443,000 December 2025 Ore Reserve ORE RESE
Slide 26: Transformative Land Acquisitions Pave Way for KGP to Move Forward
Transformative Land Acquisitions Pave Way for KGP to Move Forward • Aug-25 successful resolution of long-running legal action • Dec-25 DFS Update incorporates additional material now available for mining • Large land acquisition allows significant flexibility and increases Life of Mine gold producti
Slide 27: Transformative Land Acquisitions Pave Way for KGP to Move Forward
Transformative Land Acquisitions Pave Way for KGP to Move Forward Jun-24 Sep-24 Jul-25 Aug-25 Oct-25 27
Slide 28: Permitting Underway
Permitting Underway Straightforward project in Tier 1 jurisdiction • Project footprint - designed to minimise clearing of high quality, protected eucalyptus woodland areas situated on the tenements. An integrated waste landform with a lined TSF reduces potential risks associated with the mining infr
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