Ausgold Limited · ASX:AUC
Ausgold — Noosa Mining Conference 2020
26 slides from Ausgold's conference presentation, Nov 12, 2020
Slide 1: Ausgold Limited – Noosa Mining Conference
ASX: AUC Ausgold Limited FRA:AU4 Noosa Mining Conference 12 November 2020
Slide 2: Disclaimer
Disclaimer 2 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 h
Slide 3: Ausgold Investment Highlights
Ausgold Investment Highlights 3 • 1.2 million-ounce JORC Resource - Well funded with A$4.4m in cash - High grade Resource extensions identified drilling underway • Low EV - significant potential for growth -Lowest EV amongst ASX peer group -EV /Resource Oz of A$56 vs peer group average of A$303 • La
Slide 4: Comparison of ASX listed gold exploration companies
Comparison of ASX listed gold exploration companies 4 with undeveloped >1 million ounce gold Resources in Western Australia Apollo Capricorn De Grey Company Consolidated Metals Calidus Mining Bellevue Rox Ausgold ASX Code AOP CMM CAI DEG BGL RXL AUC Project Rebecca Karlawinda Klondyke Hemi Bellevue
Slide 5: Timeline 2020-2021 drill programs and studies
Timeline 2020 2021 5 Q4 Q1 Q2 Drill programs RC and diamond drill program targeting high grade underway. With down Resource hole EM programs within Central zone EIS co-funded RC & Jinkas North Diamond drilling AC & RC drilling Rifle Range Soils sampling & EIS co-funded Red Hill RC diamond drilling N
Slide 6: Katanning Gold Project
Katanning Gold Project 6 33.9 Mt @ 1.1 g/t Au for 1.2 Moz gold JORC Resource 1.2 Moz gold Resource in Western Australia with Higher grade core 10Mt @ 1.48 g/t for 456 Koz – Central Zone, including: massive exploration 28m @ 11.28 g/t Au from 90m potential 20m @ 10.53 g/t Au from 10m 26m @6.60 g/t Au
Slide 7: Extensive ground position in SW Yilgarn
Extensive ground 7 position in SW Yilgarn • Ausgold has significant exploration potential with recent moves into the region by major mining companies • Large strategic landholding (+4,000km2) covering 130km strike length • Identified targets for gold, nickel and PGE Noosa Mining Conference 2020
Slide 8: Corporate Snapshot
8 Corporate Snapshot 48% Top 40 Top 20 shareholders hold Richard Lockwood - Non Executive Chairman 8% 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 Ma
Slide 9: Katanning Gold Resource – 1.2 Million Ounces & Growing
Katanning Gold Resource – 1.2 Million Ounces & Growing 9 • 1.2 million ounces @ 1.10 g/t Au Resource • Central Zone Measured and Indicated 10Mt at 1.48 g/t Au for 456KOz • 49% of Resource ounces in Measured and Indicated categories • Shallow Resource open below 170m depth • Recent high grade drill r
Slide 10: Central Zone
10 Central Zone Resource centered within a large mineralised system Jinkas extending over 17 km strike length North Targets • Depth potential below 170m • Jinkas South - high-grade lode extends over 700m remains open recent drilling Jinkas • Jinkas North - 850m gap in Resource South • Rifle Range -
Slide 11: Resource Extensions
Resource Extensions 11 • Jinkas North - 850 metre gap in drilling along strike high grade Jinkas lode coincident geophysical (Fixed Loop EM, gravity and magnetic) and geochemical anomalies – Drilling commenced • Jinkas South – high-grade parallel lode intersected over 700 metres, remains open along
Slide 12: Jinkas high-grade mineralisation
Jinkas high-grade mineralisation 12 • Open along strike and down dip • Jinkas South lode – new high-grade discovery extending over 700m • Jinkas North open over 850m strike length & $150,000 EIS grant received and drilling underway • Drilling underway with results pending Jinkas North lode Jinkas So
Slide 13: Jinkas
13 Jinkas Parallel high-grade lodes with further RC and diamond drilling underway along strike to extend the newly discovered Jinkas South lode Jinkas North Noosa Mining Conference 2020 Recently completed drilling targeting high – grade gold mineralisation in Jinkas South lode
Slide 14: Jinkas Open
14 Jinkas Open • Drilling underway • Open along strike to north and south • DHEM targets highlight potential Resource extensions New high-grade discovery – parallel Jinkas South lode initial results include: 29m @ 1.84 g/t Au from 104m incl.18m @ 2.72 g/t Au 19m @ 2.92 g/t Au from 121m incl. 1m@ 35.
Slide 15: Jinkas South Lode
Jinkas South Lode 15 • High grade lode parallel to Jinkas lode • New high grade results confirm geological model and DHEM as targeting tool • Increasing broad mineralised zones with significantly higher grades 29m @ 1.84 g/t Au from 104m incl.18m @ 2.72 g/t Au 19m @ 2.92 g/t Au from 121m incl. 1m@ 3
Slide 16: Exploration Greater KGP area
Exploration Greater KGP 16 area • Large gold system centred on 1.2 Moz gold Resource identified along major regional faults • Newly identified gold mineralised Burong–Datatine trend within 5km of Central Zone • Multiple near-Resource gold targets within trucking distance remain to be drill tested No
Slide 17: Near regional Resource potential
Near regional Resource potential 17 Burong – Datatine Trend New discovery Mineralisation identified along a strike length of 2.5km Maiden RC drill program intersect broad zone of mineralisation up to 6.47 g/t Nanicup Bridge bottom of hole Gold mineralisation over 20km strike Large structur
Slide 18: Underexplored Archean Greenstone Belt
Underexplored Archean 18 Greenstone Belt • Extensive ground position +4,000km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified in underexplored greenstone belt Noosa Mining Conference 2020
Slide 19: Summary
19 Summary 1.2 million-ounce gold Resource Well funded with over $4.4m in cash Low EV with large Resource base - significant potential for growth Positive Scoping Study results Ongoing drill program with high-grade drill results Noosa Mining Conference 2020 Numerous targets to further ex
Slide 20: Thank you
20 Thank you Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace Perth WA 6000 info@ausgoldlimited.com www.ausgoldlimited.com.au Noosa Mining Conference 2020
Slide 21: Appendix – Other Projects
21 Appendix – Other Projects • Red Hill Vanadium Project - advanced vanadium exploration with preliminary metallurgical studies completed only 20km from Katanning town and with access to rail and grid power • Lake Magenta – gold exploration project Doolgunna Station Cracow (Au) (Cu, Au) located the
Slide 22: Yamarna Joint Venture
22 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 23: Doolgunna Joint Venture
23 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). Ausg
Slide 24: Lake Magenta Gold Project, WA
Lake Magenta Gold Project, WA 24 • Located 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 25: Cracow Project
Cracow Project 25 • 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 a
Slide 26: Red Hill Project – A Valuable Acquisition
26 Red Hill Project – A Valuable Acquisition • Advanced Red Hill Vanadium Project with PGE potential 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 • Preliminary metallurgical test wor