Ausgold Limited · ASX:AUC
Ausgold — Shareholder Meeting (November 2017)
26 slides from Ausgold's shareholder meeting presentation, Nov 17, 2017
Slide 1: Annual General Meeting November 2017
ASX: AUC For personal use only Annual General Meeting November 2017 Developing a significant gold project in WA’s most exciting 17/11/2017 Annual General Meeting 17 November 2017 underexplored greenstone belt
Slide 2: A WA Gold Exploration & Development Company
A WA Gold Exploration & Development Company 2 • Significant landholding (4,165km2) in the South West-West Archean Yilgarn Craton • Ownership of an underexplored and highly prospective greenstone belt For personal use only • Rejuvenated Board and Management with significant resources sector experienc
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only 3 Directors $0.06 7,000 Volume Close Price 4% $0.05 6,000 Chalice Gold Mines 5,000 4% 11.4% $0.04 4,000 '000 $0.03 Transcontinental 3,000 Investments $0.02 Major 2,000 shareholders Gold Elegant (HK) $0.01 1,000 6% Investment Ltd $- - Jun 2017 Mar 2017 May 201
Slide 4: Experienced Board & Management
Experienced Board & Management For personal use only 4 Investment professional with 45 years’ experience in mining, funds Richard Lockwood management and gold mining investment. Founder of New City Investment Non Executive Chairman Management. Geologist with 19 years’ experience in mineral explorati
Slide 5: Location, Location, Location
Location, Location, Location For personal use only 5 Large Landholding, Excellent Location • Katanning Greenstone Belt - underexplored and highly prospective • Better understanding of geology using new generation geophysical and geochemical data • Major mineralised greenstone belt 200 kms long • Sig
Slide 6: A Forgotten and Underexplored Greenstone Belt
A Forgotten and Underexplored Greenstone Belt For personal use only 6 Near mine Regional exploration • Drilling to commence in Nov 2017 • Untested greenfield potential – 4,165 km2 • Gold mineralisation over 17km of strike • Identification of greenstones using low cost length exploration techniques –
Slide 7: Katanning Gold Project (KGP)
Katanning Gold Project (KGP) For personal use only 7 Underexplored Archean greenstone gold terrane Updated Mineral Resources of 785 koz1 100% AUC-owned contiguous tenure covering 4,165 km2 Over 98% of tenure remains untested Multitude of untested drill ready targets 17/11/2017 Annual Gener
Slide 8: Mineral Resource At KGP
Mineral Resource At KGP For personal use only 8 46% of gold in Measured and Indicated categories ✔ (historical mining and metallurgical test work indicates good recoveries) Drilling has targeted extensions of current Resources and ✔ the addition of Fraser and Jinkas South ✔ Jinkas represents 6.8 Mt
Slide 9: Targeting New Discoveries 'Near Mine'
Targeting New Discoveries ‘Near Mine’ 9 Near Mine: Predicted repetitions For personal use only along strike Multiple targets Datatine: Gold-in-soil anomalies New discovery Geophysical anomalies High grade gold Infill sampling planned Validates geological model 17/11/2017 Annual Gener
Slide 10: Datatine
Datatine 10 • 7 km north of Jinkas • High grade gold mineralisation similar to For personal use only Jinkas • Gold mineralisation identified over > 600m strike length and remains open • EIS co-funded diamond drilling to commence in November 2017 Significant results include: • 25m @ 2.47 g/t Au (from
Slide 11: KGP - long section view
KGP - long section view 11 • Near surface mineralisation undrilled at White Dam – Fraser, Jinkas South and Olympia For personal use only • Significant “gaps” in drilling at Rifle Range, Plant site, Lone Tree – Jackson and Jinkas – Olympia • Targets beneath and along strike from Jinkas Near surface p
Slide 12: Jinkas Longsection
Jinkas Longsection 12 • Northerly-plunging mineralisation • Near surface mineralisation remains open to south For personal use only • Repetitions of high grade mineralisation beneath current mineralisation Annual General Meeting 17 November 2017 17/11/2017
Slide 13: High grade gold at KGP
13 High grade gold at KGP • EM highlights pyrrhotite associated with high grade For personal use only gold mineralisation • Strong late time VTEM response c0incident with high grade gold mineralisation • Method to target high grade gold mineralisation 17/11/2017 Annual General Meeting 17 November 20
Slide 14: New near Resource targets
New near Resource targets 14 • Along strike from known mineralisation • VTEM anomalies For personal use only • Favourable structural and geological setting 17/11/2017 Annual General Meeting 17 November 2017
Slide 15: KGP – Significant Greenfields Exploration Potential
KGP – Significant Greenfields Exploration Potential For personal use only 15 Bottleneck trend: • Large landholding (4,165 km2) Gold and multi-element in • Over 98% of tenure remains stream sediments follow up with ground untested geophysics and soils sampling • Prospective greenstones largely un
Slide 16: Timeline
Timeline 16 Katanning • Resource update • Scoping study announced For personal use only Katanning • RC drilling of Fraser, Lukin, Datatine • AC drilling of Jackson-Lone Yamarna Cracow Tree, Olympia Katanning Potential drilling of Spectral analysis and • PFS commissioned untested EM mapping - complet
Slide 17: Peer Comparison
Peer Comparison 17 • The Katanning Gold Project is arguably a “forgotten” asset For personal use only • Recent re-interpretation of the geology and regional potential provides impetus for expanded exploration programme • Ausgold carries a large Resource position and low EV/Resource multiple in compa
Slide 18: Other Projects
Other Projects For personal use only 18 Doolgunna Station Gold and copper targets adjacent to world class deposits (Cu, Au, 100%-owned) • 150km NE of Meekatharra • 192 Km2 prospective ground adjacent to DeGrussa VMS deposit Cracow • Highly prospective for VMS copper- Gold and copper targets gold and
Slide 19: Doolgunna Station – Western Australia
Doolgunna Station – Western Australia 19 • Located in WA’s Bryah Basin (150km north-east of For personal use only Meekatharra) • Highly prospective for VMS copper-gold and Plutonic-style gold mineralisation, adjacent to DeGrussa VMS deposit 17/11/2017 Annual General Meeting 17 November 2017 • Highly
Slide 20: Doolgunna EM program
Doolgunna EM program For personal use only 20 Fixed Loop EM survey targeting late time (deep) VTEM anomalies copper >500ppm in aircore drilling Survey to be completed November 2017 17/11/2017 Annual General Meeting 17 November 2017
Slide 21: Cracow − Queensland
Cracow − Queensland For personal use only 21 • 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’s Cracow mine • Grab samples contain native copper, chalcocite and malachite, with assay grades up
Slide 22: Yamarna – Central Western Australia
Yamarna – Central Western Australia For personal use only 22 • located in highly prospective Yamarna Greenstone Belt 125 kilometres north- east of Laverton in central Western Australia • significant copper-nickel-cobalt 17/11/2017 Annual General Meeting 17 November 2017 discovery hosted within an un
Slide 23: Summary
Summary For personal use only 23 Extensive land package in an New management driving a Recent capital raising to exciting new under-explored critical change in technical support work programs greenstone belt understanding and strategy 17/11/2017 Annual General Meeting 17 November 2017 Significant Re
Slide 24: Thank you
24 Thank you Dr Matthew Greentree For personal use only Chief Executive Officer Ausgold Limited T: (08) 9220 9890 Level 16, AMP Building 140 St Georges Terrace Perth WA 6000 17/11/2017 Annual General Meeting 17 November 2017
Slide 25: Appendix 1: Resource Table
Appendix 1: Resource Table 25 • KGP Mineral Resource estimates (2017; SRK Consulting, developed in accordance with JORC 2012) For personal use only • Notes: the Mineral Resource is reported at a lower cut-off grade of 0.50g/t gold. • The topographic surface at the KGP is at approximately 360mRL, wit
Slide 26: Disclaimer
Disclaimer 26 Competent Person’s Statement The information in this presentation that relates to Exploration Targets and Exploration Results is based on information compiled by Dr Matthew Greentree For personal use only who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) a