Slide 1: Unlocking the Southwest Yilgarn in WA
For personal use only Unlocking the Southwest Yilgarn in WA Mining 2016 Resources Convention, Brisbane Melanie Sutterby – Geology Manager
Slide 2: Disclaimer
Disclaimer Competent Person’s Statement For personal use only The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Miss Melanie Sutterby who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and
Slide 3: Company Overview
Company Overview • Western Australia based gold explorer For personal use only • Significant gold asset in south west WA • Positioned to create shareholder value through exploration success • Experienced board and management Cracow Doolgunna Station Yamarna Katanning Gold Project 3
Slide 4: Corporate Overview
Corporate Overview ASX: AUC Share Trading Data For personal use only Total Ordinary Shares on Issue 327.5m 0.07 9 Close Price (A$/share) Daily VolumeTraded On-Market Millions Options on issue1 26.5m 0.06 8 7 Cash (as at 31/7/16) $0.8m 0.05 6 Debt Nil 0.04 5 Market Capitalisation (at 5cps) $16m 0.03
Slide 5: Board & Management
Board & Management For personal use only Richard Lockwood 45 years’ experience in mining, funds management and gold Non Executive Chairman mining investment. Geoff Jones 30 years’ experience in construction, engineering, minerals Non Executive Director processing and project development in Australia
Slide 6: Katanning Gold Project (KGP)
Katanning Gold Project (KGP) For personal use only • Large +2,000km2 landholding – 100% AUC held tenure – 40km from Katanning – ~300km from Perth – No Native Title issues – Historic mining operation – Established infrastructure • Existing +600koz Mineral Resource1 • Significant scope for expansion •
Slide 7: KGP Geological Overview
KGP Geological Overview For personal use only • Gold discovered in 1979 • Limited exploration concentrated along ~15km corridor • High grade metamorphic terranes traditionally overlooked • Regional and near mine targets remain under/unexplored • New exploration model predicts repetitions of minerali
Slide 8: Mineral Resources at KGP
Mineral Resources at KGP For personal use only Robust Mineral Resource (Details in Appendix 2) Overall 66% of gold in Measured and Indicated categories Historical mining and metallurgical test work indicates good recoveries and encouraging proportions of free milling gold Mineralisation open
Slide 9: KGP Mineral Resources
KGP Mineral Resources • 3D view looking west at the mine corridor showing Leapfrog grade shells For personal use only • Northerly and southerly plunging high grade shoots • Structurally controlled high grade shoots open at depth JACKSON LONE TREE OLYMPIA JINKA N FRASER OPEN OPEN WHITE DAM Potential
Slide 10: Targeting New Discoveries in Region
Targeting New Discoveries in Region For personal use only NEAR MINE: Predicted model repetitions DATATINE: Multiple targets New discovery Gold-in-soil High grade gold anomalies Imminent RC Geophysical follow up anomalies Infill sampling planned NEAR MINE: LUKIN and Extensive untest
Slide 11: Example: Datatine Exploration Project
Example: Datatine Exploration Project For personal use only • High grade gold discovery from reconnaissance aircore drilling • 22m @ 3.67g/t (from 4m to EOH), including 4m @ 16.90g/t from 4m • 17m @ 1.00 g/t (from 16m to EOH) • Shallow oxide and fresh sulphide potential • Mineralisation is open in a
Slide 12: Targeting Resource Extensions
Targeting Resource Extensions • Significant potential for extensions to existing Mineral Resources For personal use only • Recent drilling confirms high grade shoot development at White Dam • Rapid expansion of Mineral Resource possible 12
Slide 13: Development Strategy
Development Strategy For personal use only • Ausgold sees significant potential in the KGP due to its sizeable existing Mineral Resource position, and strong exploration upside • Ausgold is committed to delivering a strong PFS following Resource expansion Milestone 3Q 2016 4Q 2016 1Q 2017 2Q 2017 3Q
Slide 14: Investment Highlights
Investment Highlights • Significant Resource position, mainly held on mining leases For personal use only • Excellent regional exploration prospectivity – New discovery at Datatine demonstrates potential • Significant extensional prospectivity at existing Resources – Recent drilling confirms high gr
Slide 15: Appendix 1: References
Appendix 1: References For personal use only 1. “Updated JORC Resource” ASX Announcement 21st October 2015 2. “New Gold Discovery at Katanning Project” ASX Announcement 5th May 2016 15
Slide 16: Appendix 2: Resource Table
Appendix 2: Resource Table Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade For personal use only Koz Koz Koz Koz (Mt) (g/t (Mt) (g/t (Mt) (g/t (Mt) (g/t 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 Jink