Ausgold Limited · ASX:AUC
Ausgold — Investor Presentation (August 2021)
27 slides from Ausgold's investor presentation, Aug 2, 2021
Slide 1: Diggers and Dealers Presentation
Booth #127 ASX: AUC FRA:AU4 Diggers and Dealers Presentation August 20211
Slide 2: Disclaimer
Disclaimer Competent Person’s Statement The information in this statement that relates to the Mineral Resource Estimates is based on work done by Mr Michael Cunningham of Sonny Consulting Pty Ltd, Daniel Guibal of Condor Consulting Pty Ltd and Mr Michael Lowry of SRK Consulting (Australasia) Pty Ltd
Slide 3: Table of Contents
Table of Contents Investment highlights 4 Corporate 5 Background 6 Opportunity 8 Rifle Range 9 Jinkas North & South 10 Underground Potential 11 Southern Zone 12 Summary 16 3
Slide 4: Investment Highlights
Investment Highlights Katanning – An Outstanding Whole of Belt Exploration Play Critical Mass • Transformational 1.54Moz @ 1.25g/t gold Resource upgrade, Foundation • >1Moz now in the Measured and Indicated category • Supports a stand-alone gold operation >100kozpa • Resource on granted Mining Licen
Slide 5: Corporate
Corporate Capital Structure Share Price at 29 July 2021 45 $0.0650 Volume 40 Price Shares on Issue 1,585m 8% $0.0600 Directors 35 $0.0550 30 Share Volume (M) Unlisted Options (@ A$0.06) 26.7m 48% 25 $0.0500 Performance Rights 58m Top 20 44% 20 $0.0450 Other Shareholders 15 Share Price A$0.04 $0.0400
Slide 6: Background
Background Critical mass foundation established 1.54Moz @ 1.25g/t Supports a stand-alone gold operation >100kozpa Large Exploration Upgraded Resource Project Infrastructure Program Recent high-impact drilling Gold ounces increased 28% to • +4,000km2 landholding program focused on the 1.54moz (from 1
Slide 7: Background: Katanning Gold Project
Background Katanning Gold Project Katanning Long section highlighting the Central Zone Open Central Zone results detail Recently completed high–grade gold mineralisation hits 7
Slide 8: Scale Opportunity: Whole-of-Belt Exploration Play
Scale Opportunity Whole-of-Belt Exploration Play Improved geological model has identified numerous high-grade targets in untested exploration areas along 17km strike Targeting multiple areas for growth in 1 Rifle Range – 2.5km Resource, which is supported by a number of untested zone drilling now 2
Slide 9: Scale Opportunity: Rifle Range
Scale Opportunity Rifle Range Ausgold has received approval to undertake a 35-hole 5,250m RC drill program within Rifle Range, across >2.5km of untested strike, with new targets supported by coincident EM anomalies and gold-in-soil anomalies. Southern plunge direction indicates repeats of previously
Slide 10: Scale Opportunity: Jinkas North and South
Scale Opportunity Jinkas North and South 1. Jinkas North 850 metre gap in drilling along strike from high-grade Jinkas lode with coincident geophysical and 1 geochemical anomalies, and includes underground potential High-grade gold strongly correlated with 2 the magnetic minerals and pyrrhotite in f
Slide 11: Scale Opportunity: Underground potential
Scale Opportunity Underground potential Current underground Resource 0.54 Mt @ 3.1 g/t for 54Koz Limited drilling > 300m depth Down-plunge extensions of high-grade Jinkas and Jinkas South lodes identified with potential to add further Resource ounces. Katanning long section highlighting the identifi
Slide 12: Scale Opportunity: Southern Zone
12 Scale Opportunity Southern Zone Southern Zone follows along strike from the Central Zone mineralisation with extensive gold mineralisation identified in aircore drilling over 8km strike length south of the Dingo Resource. With encouraging results from first round of drilling including: • 10m @ 2.
Slide 13: Assays pending from current drill program
Scale Opportunity Assays pending from current drill program 1. Olympia Extensions to current Resource with RC and diamond drilling. New DHEM targets identified. 1 1 2. Jinkas South High-grade lode intersected over 1,300 metres, results pending for new RC drilling. New DHEM targets identified, which
Slide 14: Scale Opportunity: Near Resource Potential
Scale Opportunity Near Resource Potential Burong – Datatine Trend • New discovery • Mineralisation identified along a strike length of 2.5km • Maiden RC drill program to intersect broad zone of mineralisation up to 6.47g/t bottom of hole Lukin • Gold anomalism over 7km of strike length • Mineralisat
Slide 15: Near term catalysts
Near term catalysts Highly active exploration program focused on large scale development Exploration Resource Studies • 4,000 km2 land package with gold • 1.54 Moz Resource • Metallurgical test-work and nickel – PGE targets • New RC and diamond drilling in the • Geotechnical drilling and test-work •
Slide 16: Summary
Summary Katanning – An Outstanding Whole-of-Belt Exploration Play Transformational 1.54Moz @ 1.25g/t gold Resource upgrade and >1Moz now in the Foundation Critical Mass Measured and Indicated category to support a stand-alone gold operation >100kozpa Potential for Funded high-impact CY2021 program f
Slide 17: Contact
ASX: AUC FRA:AU4 Dr Matthew Greentree Managing Director Ausgold Limited T: (08) 9220 9890 info@ausgoldlimited.com T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace | Perth WA 6000 www.ausgoldlimited.com.au 17
Slide 18: Appendix - Comparison with ASX Peers
Appendix 1 - Comparison with ASX Peers With undeveloped >1 million ounce gold Resources in Western Australia Apollo De Grey Company Calidus Bellevue Rox Kin Ausgold Consolidated Mining ASX Code AOP CAI DEG BGL RXL KIN AUC Project Rebecca Klondyke Hemi Bellevue Youanmi Cardinia Katanning Ownership 10
Slide 19: Katanning Gold Project Resource
Katanning Gold Project Resource • 1.54 Moz @ 1.25 g/t Au in KGP Resource • 1Moz of Resource in Measured and Indicated categories • Open below 150 m depth Mineral Tonnes Gold Moz Resources* (Mt) (g/t) Measured 6.40 1.48 303,300 Indicated 18.74 1.19 718,000 Inferred 13.04 1.24 518,400 Total 38.18 1.25
Slide 20: Appendix
fe Ausgold LIMITED Appendix
Slide 21: Untested regional potential
Scale Opportunity Untested regional potential Gold • Extensive ground position +4,000km2 covering 130km strike of underexplored greenstones • 46 advanced gold targets identified in underexplored greenstone belt Gold – PGE Potential • Large magmatic system centered around the Woodanilling 25 km- wide
Slide 22: Woodanilling Au-PGE potential
Woodanilling Au-PGE potential • Mafic-ultramafic intrusive complex recent drilling • High-grade copper-silver-gold mineralisation with semi-massive sulphides intersected at Mine Hill, with recent results including: • 1.95m @ 3.47 g/t Ag and 0.37% Cu, Including 0.45m @ 12.2 g/t Ag, 1.37 % Cu and 0.14
Slide 23: Other Projects
Other Projects Woodanilling Project Advanced vanadium exploration with PGE potential only 20km from Katanning town. Lake Magenta Gold exploration project located the South West Yilgarn. Doolgunna Station Cracow (Au) (Cu, Au) Yamarna Yamarna (Cu, Ni, Co) Two fully funded joint ventures on advanced ni
Slide 24: Yamarna Joint Venture
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 Lim
Slide 25: Doolgunna Joint Venture
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). Ausgold
Slide 26: Lake Magenta Gold Project, WA
Lake Magenta Gold Project, WA • Located in 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 27: Cracow Project
Cracow Project • 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 and