Ausgold Limited · ASX:AUC
Ausgold — Shareholder Meeting (November 2015)
29 slides from Ausgold's shareholder meeting presentation, Nov 18, 2015
Slide 1: Welcome - Annual General Meeting 18 November 2015
For personal use only Welcome Annual General Meeting 18 November 2015
Slide 2: Competent Persons Statement & Disclaimer
Competent Persons Statement & Disclaimer Competent Person’s Statement For personal use only The information in this report that relates to Exploration Results is based on information compiled by Miss Melanie Sutterby and Mr Stephen Thomas, who are Members of the Australasian Institute of Mining and
Slide 3: Ausgold Limited Capital Structure
Ausgold Limited Capital Structure For personal use only ISSUED CAPITAL (as at 17/11/15) Ordinary shares on issue 265.2M Unlisted options 1 19M Market Capitalisation A$10M Top 20 shareholders 65% Note: 1. Price A$0.07-A$1.45 expiring between 6 December 2015 and 31 December 2017 SHAREHOLDERS (as at 17
Slide 4: Ausgold's Focus
Ausgold’s Focus For personal use only Mineral Explorer aspiring to become an emerging gold producer Katanning Gold Project: 100% AUC tenure covering prospective Greenstones Historic mining operation Realising value of core asset Opportunities for growth Expansion of Resource base throu
Slide 5: 2015 Highlights
2015 Highlights For personal use only RC drilling program confirms substantial mineralisation footprint Updated Geology, Structural, & Ore 3D Models Database review & quality assurance exercise Utilisation of new generic ore deposit model Improved understanding of mineralisation controls
Slide 6: Mineral Resource Estimation
Mineral Resource Estimation For personal use only Tonnes Ounces Jinkas region interpreted lodes (Millions) Gold (g/t) (‘000) Measured Resource 3.0 1.94 188 Indicated Resource 6.7 1.07 230 Inferred Resource 6.6 1.02 219 TOTAL 16.4 1.21 637 1,737 drill holes for 147,800m used for MRE Looking from no
Slide 7: Jinkas Resource Model
Jinkas Resource Model For personal use only Gold mineralisation occurs proximal to Adamellite intrusive contacts dipping gently east at 30º High grade shoot extension potential with intersections such as: 3m @ 10.25 g/t Au 8m @ 5.80 g/t Au 7 2m @ 6.09 g/t Au
Slide 8: Jinkas Resource Model - Footwall
Jinkas Resource Model - Footwall For personal use only 8
Slide 9: Jinkas & White Dam Models
Jinkas & White Dam Models For personal use only Lode orientation remarkably consistent allowing for robust geological interpretation & Resource Models White Dam sub-parallel & approximately 80m below Jinkas 9
Slide 10: White Dam Resource Model
White Dam Resource Model For personal use only High grade shoot extensions are predicted Systematic RC drilling is planned to test targets 10
Slide 11: Dingo Resource Model
Dingo Resource Model For personal use only 11
Slide 12: Preliminary Scoping Study 80% Complete
Preliminary Scoping Study 80% Complete For personal use only Scoping Study 80% Complete for the KGP SRK Consultants: Whittle Pit optimisations on Jinkas & Dingo Mine scheduling & operating costs CPC Project Design: Review of earlier metallurgical studies (AMMTEC & Gekko Systems) Proces
Slide 13: Preliminary Study: Pit Optimisations
Preliminary Study: Pit Optimisations For personal use only Advanced KGP asset poised to deliver shareholder value 98% of Mineral Resource in Measured (64%) & Indicated (34%) categories Systematic Resource Development has potential to significantly expand resource base & discover further high g
Slide 14: Preliminary Study: Processing & Metallurgical Study
Preliminary Study: Processing & Metallurgical Study For personal use only Preliminary CAPEX & OPEX cost estimates for a 1Mtpa processing facility Conventional CIL plant CAPEX based on new plant & machinery of West Australian quality Historical metallurgical test work & operational data suppo
Slide 15: Preliminary Study indicates positive metrics
Preliminary Study indicates positive metrics For personal use only Potential for cash flow Life of Mine C1 Cash Costs A$957 per oz (A$879 per oz @ Jinkas) Life of Mine All in Sustaining Cash Costs A$1,116 per oz Strip Ratio 5.6 Modifying Factors Mining cost A$3.50 per tonne Mining recovery & dilutio
Slide 16: Realising Emerging Opportunities
Realising Emerging Opportunities For personal use only Gold mining in WA has survived for over 100 years because of explorers’ determination and tenacity The Ausgold of the future will survive by embodying professionalism & the determination to succeed Adding value is enhanced by an awareness of the
Slide 17: Exploration Vision and Strategy
Exploration Vision and Strategy For personal use only Vision To generate a sustainable, minimum 5 year mine life by increasing the Resource Base To achieve +1Moz Resource Base To realise the exploration potential of the KGP & make a new discovery Strategic Process The exploration process
Slide 18: Resource Expansion
Resource Expansion For personal use only Potential extensions to high grade shoots at White Dam & Jinkas Minimal expenditure required to test targets RC drilling planned (~1000m) Potential repetitions of high grade shoots at Jinkas Minimal expenditure required to test targets RC drilling
Slide 19: Exploration Upside
! ( Exploration Upside ! ( ! ( ! ( 6289350 6289350 ! ( ! ( ! ( For personal use only ! ( 582800 583250 ! ( ! ( 583700 584150 584600 585050 ! ( ! ( ! ! ( ! ( (( ! ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! ! ! ( ( ( ! ! ( ( ! ( ! ( ! !! ! N
Slide 20: Investor Milestones
Investor Milestones For personal use only Multifaceted strategy to increase value of Ausgold’s KGP asset through: Pre-Feasibility Study • Reserve conversion • Detailed assessments of Modifying Factors Resource Development Exploration Realising the positive economic potential & commitment t
Slide 21: Doolgunna – Emerging Mineral Province
Doolgunna – Emerging Mineral Province For personal use only Recent exploration success at the Monty discovery within the Sandfire Resources (ASX.SFR) / Talisman Mining (ASX.TLM) Springfield JV project renewed interest in the region The Monty discovery is 10km from Sandfire’s DeGrussa copper mine
Slide 22: Summary
Summary For personal use only Mineral Resource update highlights where significant potential exists to rapidly add ounces Target KPI of +1Moz Resource Base through new discovery & existing Resource expansion Economic potential & open pit mining viability of the KGP becoming apparent 22
Slide 23: Thankyou
Thankyou For personal use only Picture of 1 tonne of gold (1 ounce of Au = 31.1 grams) 637,000 ounces X 31.1 = 19.8M grams = approximately 20 tonnes of Au! 23
Slide 24: Appendix – Resource Table
Appendix 1 – Resource Table For personal use only Lode Measured Indicated Inferred Totals Mt Au g/t Koz Mt Au g/t Koz Mt Au g/t Koz Mt Au g/t Koz Jinkas Main Lodes 2.37 2.15 164 1.00 1.13 36 0.75 0.89 21 4.13 1.67 221 Jinkas HW Lodes 0.22 1.10 8 0.76 1.02 25 0.49 0.91 14 1.47 1.00 47 Jinkas Total 2.
Slide 25: Appendix – Cautionary Statement
Appendix 2 – Cautionary Statement For personal use only A Scoping Study is an order of magnitude technical and economic study of the potential viability of Mineral Resources. It includes appropriate assessments of realistically assumed Modifying Factors together with any other relevant operational f
Slide 26: Appendix - Material Assumptions (and Modifying Factors) used in KGP Scoping Study
Appendix 3 - Material Assumptions (and Modifying Factors) used in KGP Scoping Study For personal use only 26
Slide 27: Appendix - Material Assumptions (and Modifying Factors) used in KGP Scoping Study
Appendix 3 - Material Assumptions (and Modifying Factors) used in KGP Scoping Study For personal use only 27
Slide 28: Appendix - Material Assumptions (and Modifying Factors) used in KGP Scoping Study
Appendix 3 - Material Assumptions (and Modifying Factors) used in KGP Scoping Study For personal use only 28
Slide 29: Appendix - Material Assumptions (and Modifying Factors) used in KGP Scoping Study
Appendix 3 - Material Assumptions (and Modifying Factors) used in KGP Scoping Study For personal use only 29