Ausgold Limited · ASX:AUC
Ausgold — Mines and Money London (December 2011)
20 slides from Ausgold's conference presentation, Dec 6, 2011
Slide 1: New Gold Discovery in Southwest Australia
For personal use only Ausgold Limited New Gold Discovery in Southwest Australia Unlocking the mineral potential of the southwest Yilgarn in Western Australia
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer Competent Person’s Statement For personal use only The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Craig Hall, who is a Member of the Australian Institute of Ge
Slide 3: Company Overview
Company Overview For personal use only • Major new gold discovery at Katanning, 300km southeast of Perth, Western Australia • Ore genesis similar to Newmont’s 26 Moz Boddington Gold Deposit • 18km of continuous gold mineralisation with potential for big gold system • 6,000km² of tenure, 3,200km² of
Slide 4: Corporate & Management
Corporate & Management Extensive experience in gold exploration, mine development and financing For personal use only Robert Pett 25 years experience in exploration, mining, project development over a dozen mining Chairman/ Acting MD projects globally Craig Hall Geologist with over 20 years of gold
Slide 5: Katanning Gold Discovery
Katanning Gold Discovery • New primary gold discovery For personal use only • Similar geological setting to Newmont’s 26 Moz Boddington Gold Deposit • 18km of continuous gold mineralisation at least in two mineralised corridors • Gold on footwall and hanging wall of two or more adamellite sills • Mu
Slide 6: Eastern Corridor
Eastern Corridor For personal use only • Hosts Jinkas, Fraser, Neighbours and Olympia • Jinkas deposit identified over strike length of 1km open to north, south and at depth • Fraser mineralisation lies 800m south of Jinkas and identified from air core drilling over 800m • Neighbours and Olympia 750
Slide 7: Jinkas drilling to date
Jinkas drilling to date For personal use only • Gold mineralisation identified over 1km with good grade and widths • Jinkas remains open along strike and at depth • Gold mineralisation on footwall of granite dipping gently at 30 degrees • Significant gold intercepts from north of Jinkas pit include:
Slide 8: Jinkas North Long Section
Jinkas North Long Section For personal use only Long section of Jinkas North showing flat northern plunge to high grade gold mineralisation and focus of current drilling 8
Slide 9: Current Drilling
Current Drilling For personal use only Current RC and diamond drilling activities at Katanning Gold Discovery The new results from RC drilling include: 10m @ 5.57 g/t Au from 62m in Hole BSRC0456 9m @ 5.88 g/t Au from 133m including 2m @ 23.25 g/t Au in Hole BSRC0436 6m @ 4.48 g/t Au from 81m and 3m
Slide 10: Jinkas and White Dam
Jinkas and White Dam For personal use only • White Dam lies west of and underneath Jinkas deposit • Jinkas on footwall of granite and White Dam on hanging wall with same 30 degree dip • Demonstrates potential for stacked ore bodies along mineralised corridors separated by granite sill • High grade g
Slide 11: Western Corridor
Western Corridor For personal use only • Hosts Dingo, Jackson and Lone Tree gold mineralisation • Primary gold mineralisation discovered along strike from historic oxide pit at Dingo • Gold mineralisation identified by drilling over 1.2km strike length and remains open in all directions including at
Slide 12: Dingo Long Section
Dingo Long Section For personal use only Dingo long section showing flat southern plunge to gold mineralisation 12
Slide 13: Current exploration program
Current exploration program For personal use only • Over 35,000m of RC and diamond drilling focused on 4km of Eastern Corridor north and south of Jinkas • 5 rigs now operating increasing to 6 in December • Aim to scope potential size of mineralisation in this area and deliver initial JORC resource •
Slide 14: Katanning - excellent location
Katanning - excellent location For personal use only • Located 40km from major regional Source: Google Earth town in Perth’s backyard • Infrastructure in place, power, water, sealed road, airstrip, housing, amenities etc. • State government support – Katanning a “Super Town” or hub for regional deve
Slide 15: Regional Exploration
Regional Exploration For personal use only • Tenements covering over 6,000km² east and south of Newmont’s 26 Moz Boddington Gold Deposit • Surrounds Katanning Gold Discovery • A significant gold province developing within 3,200km² of highly prospective Archaean greenstone terrain • Ausgold has prior
Slide 16: Pipeline of other projects
Pipeline of other projects For personal use only 16
Slide 17: Yamarna – New copper-nickel discovery
Yamarna – New copper-nickel discovery For personal use only • 10 electromagnetic anomalies identified • First pass drilling 2010 at Winchester intersected: 31m @ 0.58% Cu and 0.35% Ni, and 0.02% Co for 31 m @ 1.62% Cu Equivalent • Follow up drilling Nov 2011 encountered primary copper, nickel and co
Slide 18: Doolgunna Station
Doolgunna Station For personal use only • Adjacent to Sandfire Resources’ DeGrussa VMS copper-gold project • Prospective for – VMS copper-gold mineralisation – Plutonic/Peak Hill Styles of gold mineralisation • Project covers >5km strike length of prospective Jenkins Fault and Narracoota Volcanics •
Slide 19: Cracow
Cracow For personal use only • 1,200km² prospective ground within 16km of Newcrest’s 1 Moz Cracow gold mine • 375km northwest of Brisbane • Prime targets – repetitions of neighbouring Cracow 1 Moz epithermal Au ore body – poly-metal intrusion related porphyry, Au/Cu/Ag/Pb/Zn e.g. Kidston deposit • S
Slide 20: Summary and outlook
Summary and outlook For personal use only • New primary gold discovery at Katanning • Similar geology to Newmont’s 26 Moz Boddington Gold Deposit • Two mineralised corridors already identified over 18km • Extensive drill program underway to drill out new ore bodies and find additional gold deposits