Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (June 2020)
25 slides from Ausgold's investor presentation, Jun 10, 2020
Slide 1: Ausgold Limited Corporate Presentation June 2020
ASX: AUC Ausgold Limited Corporate Presentation June 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 a
Slide 3: Ausgold Investment Highlights
Ausgold Investment Highlights 3 • 1.2 million-ounce JORC Resource - Resource extensions identified drilling underway - Positive Scoping study paves way for development -Test work and new drilling to support near term feasibility studies • Low EV - significant potential for growth -Lowest EV amongst
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 Capricorn De Grey Company Breaker Metals Calidus Bellevue Mining Ausgold ASX Code BRB CMM CAI BGL DEG AUC Project Lake Roe Karlawinda Klondyke Bellevue Hemi Katanning Stage Exp
Slide 5: Timeline 2020 2021
Timeline 2020 2021 5 Q2 Q3 Q4 Drill programs RC targeting high grade with Jinkas deposit and Resource extensions EIS co-funded RC & Jinkas North Diamond drilling AC & RC drilling Rifle Range Corporate Presentation - June 2020 Soils and EIS co-funded AC & Burong 1,3oom RC drilling Studies Resource Up
Slide 6: Katanning Gold Project
Katanning Gold Project 6 1.2 Moz gold Resource in • 33.9 Mt @ 1.1 g/t Au for 1.2 Moz gold JORC Resource 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/
Slide 7: Corporate Snapshot
7 Corporate Snapshot 36% Top 40 Top 20 shareholders hold Richard Lockwood - Non Executive Chairman 8% 53% 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 8: Katanning Gold Resource – 1.2 Million Ounces & Growing
Katanning Gold Resource – 1.2 Million Ounces & Growing 8 • 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 Tonnes Gold Ounces Corporat
Slide 9: Scoping Study - KGP
Scoping Study - KGP 9 A$154M NPV at A$2300 gold price Base case for a 1.25 Mtpa mining operation producing over 350Koz • payback 2 ½ years • Financial modelling based on A$2,000 per ounce • IRR of 28% and NPV A$77M • Net Cashflow A$136M • Initial 7 year mine life using A$1,900 pit shells Corporate P
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 remains open • Jinkas North - 850m gap in Resource Jinkas • Rifle Range - untested potential South • Lukin - Gold
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 • Jinkas South – high-grade mineralisation intersected over 450 m, remains open along strike and DHEM targets i
Slide 12: Jinkas
12 Jinkas • Jinkas South - new high-grade discovery over 350 metres strike length – open along strike including 26m @6.6 g/t, 16 m @ 6.21 g/t, 15m @ 3.66 g/t Au & 12 @ 3.53 g/t Au • Open along strike and down dip – another prime target for high grade ounces • New DHEM targets highlight untested pote
Slide 13: Jinkas Open
13 Jinkas Open • Resource 8.9 Mt at 1.42 g/t Au for 409KOz • Open along strike to north and south • DHEM targets highlight potential Resource extensions New high-grade discovery – parallel Jinkas South lode • southeast of Jinkas deposit • 350m strike length and remains open • Drill program commenced
Slide 14: Jinkas high-grade mineralisation
Jinkas high-grade mineralisation 14 • Open along strike and down dip • Jinkas North open over 850m strike length • Jinkas South lode – new high-grade discovery extending over 450m • Further drilling planned for Q2 – Q3 • $150,000 EIS grant received for Jinkas North drilling Jinkas North Jinkas South
Slide 15: Exploration Greater KGP
Exploration Greater KGP 15 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
Slide 16: Near regional Resource potential
Near regional Resource potential 16 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 17: Extensive Ground Position in underexplored Archean Greenstone Belt
17 Extensive Ground Position in underexplored Archean Greenstone Belt • Extensive ground position +4,000km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified Corporate Presentation - June 2020
Slide 18: Summary
18 Summary 1.2 million-ounce gold Resource Low EV with large resource base - significant potential for growth Positive Scoping Study results Ongoing drill program with high-grade drill results – Corporate Presentation - June 2020 Resource upgrade anticipated Q4 Numerous targets to further
Slide 19: Thank you
19 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 Corporate Presentation - June 2020 www.ausgoldlimited.com.au
Slide 20: Appendix – Other Projects
20 Appendix 1 – Other Projects • Red Hill Vanadium Project - advanced vanadium exploration with preliminary metallurgical studies completed only 20km from Katanning town with access to rail and grid power • Lake Magenta – gold exploration project Doolgunna Station Cracow (Au) (Cu, Au) located the So
Slide 21: Yamarna Joint Venture
21 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 22: Doolgunna Joint Venture
22 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 23: Lake Magenta Gold Project, WA
Lake Magenta Gold Project, WA 23 • 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 24: Cracow Project
Cracow Project 24 • 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 25: Red Hill Vanadium Project – A Valuable Acquisition
25 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 • Preliminary metallurgical test work, includi