Ausgold (AUC) Investor presentation summary

Investment highlights

• 2.44Moz gold resource and 1.33Moz ore reserve underpin a high-margin, open pit project in Western Australia.

• Permitting and approvals are well advanced, with a clear pathway to over 120kozpa production and rapid payback.

• Initial 10-year mine life with significant district-scale upside across a 3,000km² landholding.

• Ongoing 54,000m multi-rig drilling program targets near-term resource growth and mine life extension.

• Multiple expansion pathways include open pit, underground, and satellite deposits.

Project development and strategy

• Open pit operation with conventional CIL processing and a targeted first gold pour in mid-2028.

• Final Investment Decision (FID) is targeted for Q4 2026, with early site works and key hires already underway.

• Accommodation village construction is progressing, with first rooms available by September 2026.

• Land access and community agreements are secured, and government engagement is ongoing.

• Project footprint designed to minimize environmental impact, with integrated waste management and priority regulatory support.

Resource growth and exploration

• Drilling campaign focuses on extending mineralization, converting resources to reserves, and testing high-priority regional targets.

• Recent intercepts demonstrate strong potential for open pit and underground resource growth, including high-grade zones.

• In-fill drilling results are consistent with geological models and are expected to enhance and de-risk future production.

• Underground resource expansion is underway at Datatine and Jinkas, targeting high-grade lodes and down-plunge extensions.

• Regional exploration targets satellite deposits, with Nanicup Bridge showing thick gold lodes and potential for a maiden resource.