Ausgold Limited · ASX:AUC
Ausgold — Noosa Mining and Exploration Investor Conference - July 2019
26 slides from Ausgold's conference presentation, Jul 17, 2019
Slide 1: Ausgold Limited
ASX: AUC Ausgold Limited Noosa Mining and Exploration Investor Conference - July 2019
Slide 2: Disclaimer
2 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 Lowry of SRK Consulting (Australasia) Pty Ltd and Dr Matthew Greentree of Ausgold Limited. Dr Greentree is Managing Director and is a Share a
Slide 3: Corporate Snapshot
3 Corporate Snapshot 42% Top 40 Top 20 shareholders hold Richard Lockwood - Non Executive Chairman 10% 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 M
Slide 4: Investment Highlights
Low cost exploration delivering 4 Investment Highlights high value discovery in Australia’s 1 million ounce JORC Resource at 1.29 g/t gold most exciting underexplored • Resource limited to shallow (<170m) open pit depths open along Greenstone Belt. strike and down dip – additional underground potent
Slide 5: Comparison of ASX listed gold exploration companies
Comparison of ASX listed gold exploration companies 5 with undeveloped >1 million ounce gold Resources in Western Australia Company Breaker Capricorn Metals Calidus Bellevue Ausgold ASX Code BRB CMM CAI BGL AUC Project Lake Roe Karlawinda Klondyke Bellevue Katanning Stage Exploration Development Exp
Slide 6: Timeline
6 6 Timeline Katanning Yamarna JV • Metallurgical testing AC and RC drilling • Resource upgrade Doolgunna JV • Scoping Study Results diamond drill program Q1 2019 Q3 2019 Q1 2020 Ausgold Limited Corporate Presentation - July 2019 Q2 2019 Q4 2019 Katanning (complete) Katanning • 4,000m RC drill progr
Slide 7: Katanning Gold Resource – Million Ounces & Growing
7 Katanning Gold Resource – 1 Million Ounces & Growing • 1.04 million ounces @ 1.29 g/t Au Resource • Jinkas represents 8.47 Mt at 1.48 g/t Au for 403.1KOz • Independent estimation by SRK Consulting • 47% of gold in Measured and Indicated categories Ausgold Limited Corporate Presentation - July 2019
Slide 8: Katanning Gold Resource Extensions
Katanning Gold Resource 8 Extensions Jinkas • Jinkas South high grade mineralisation identified North along a strike length of 350m remains open along strike • 850 metre gap in drilling along strike, north from Ausgold Limited Corporate Presentation - July 2019 high grade Jinkas lode with coincident
Slide 9: Katanning Gold Resource Extensions
9 Katanning Gold Resource Extensions • Jinkas North - 850 metre gap in drilling along strike high grade Jinkas lode coincident geophysical (Fixed Loop EM, gravity and magnetic) and geochemical anomalies • Jinkas South – High grade mineralisation intersected over 350 m, remains open with results pend
Slide 10: Katanning Gold Resource Extensions
10 Katanning Gold Resource Extensions • Jinkas South - newly identified high grade zone discovered in recent drilling, including 26m @6.6 g/t, 16 m @ 6.21 g/t and 15m @ 3.66 g/t Au • New Jinkas South high grade mineralisation over 350 metres strike length – open along strike • Remains open along str
Slide 11: Jinkas South high-grade mineralisation
Jinkas South high-grade 11 Open mineralisation • New high grade discovery – parallel lode southeast of Jinkas deposit • Open along strike north and south • High-grade mineralisation over a 350m strike length Ausgold Limited Corporate Presentation - July 2019 Recent significant intercepts include: 26
Slide 12: Jinkas North high-grade mineralisation
Jinkas North high-grade mineralisation Ausgold Limited Corporate Presentation - July 2019 12
Slide 13: Jinkas South high-grade mineralisation
Jinkas South high-grade mineralisation Ausgold Limited Corporate Presentation - July 2019 13
Slide 14: Regional Potential
14 Regional Potential • Two newly identified gold mineralised trends parallel to main deposit each along a 10km strike length and within 5km of Jinkas Resource • Multiple near-Resource gold targets within trucking distance remain to be drill tested • Extensive ground position +4,000km2 covering 130k
Slide 15: Resource Growth – New Discoveries ‘Near Resource’
15 Resource Growth – New Discoveries ‘Near Resource’ Datatine: Near Resource: New discovery Repetitions along strike High grade gold Multiple targets Validates geological model Gravity EM targets identified Ausgold Limited Corporate Presentation - July 2019 Jinkas North and South RC
Slide 16: Regional targets to build Resource
Regional targets to build Resource 16 Nanicup Bridge Western Trends Gold mineralisation Burong - New discovery over 20km strike Gold anomalism o 1.17 g/t large structure parallel along a strike length of to the KGP 2,500m Past drill intercepts include: mineralisation > 1 g/t Au in 3m@ 11.2
Slide 17: Western Trends- New Parallel Gold System?
17 Western Trends- New Parallel Gold System? Datatine Trend • Two new gold mineralised trend identified parallel within 5 km of KGP Resource • Gold anomalies from previous auger sampling in two undrilled greenstones belts with 10 km strike Ausgold Limited Corporate Presentation - July 2019 length •
Slide 18: Burong Prospect
Burong Prospect 18 • Gold anomalism up to 1.17 g/t along a strike length of 2,500m • New prospects are less than 5km from the main Resource area Ausgold Limited Corporate Presentation - July 2019 • Gold mineralisation in sulphidic mafic granulites • New northeast-striking mineralised trend highlight
Slide 19: Extensive Ground Position in underexplored Greenstone Belt
Extensive Ground Position 19 in underexplored Greenstone Belt • Strategic ground holding of >4,000 km2 Ausgold Limited Corporate Presentation - July 2019 • 130 km strike of underexplored greenstones along a major crustal boundary • Over 46 gold targets identified-work ongoing • Regional exploration
Slide 20: Summary
20 Summary 1 million+ ounce gold Resource at Katanning Ausgold Limited Corporate Presentation - July 2019 Scoping study underway to convert Resources to mineable ounces Potential to significantly increase current Resource with high grade mineralisation along strike Recent high-grade drill re
Slide 21: Thank you
21 Thank you Dr Matthew Greentree Managing Director Ausgold Limited Ausgold Limited Corporate Presentation - July 2019 T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace Perth WA 6000
Slide 22: Appendix – Other Projects
22 Appendix 1 – Other Projects • Red Hill Vanadium Project - advanced vanadium exploration with preliminary metallurgical studies completed only Ausgold Limited Corporate Presentation - July 2019 20km from Katanning town with access to rail and grid power • Two fully funded joint ventures on Doolgun
Slide 23: Red Hill Vanadium Project – A Valuable Acquisition
23 Red Hill Vanadium Project – A Valuable Acquisition • Advanced Red Hill Vanadium Project secured via ground acquisition • Past work includes airborne magnetics, soil geochemistry, 1,200 soil & rock chip samples, 94 RC drill holes, 6 diamond core holes Ausgold Limited Corporate Presentation - July
Slide 24: Yamarna Joint Venture
24 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 25: Doolgunna Joint Venture
25 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 • Recent farm-in agreement with AIC Mines Limited (ASX:A1M
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 Cracow mine Ausgold Limited Corporate Presentation - July 2019 • Grab samples contain native copper, chalcocite
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