Positive conference call. AUC targeting high grade gold zones around current resource which will expand size of mineable gold resource. Project area is very large with 40 targets already identified. Current resource is 1.2M ounces and IMHO AUC have barely scratched the surface.
Read up history of Boddington Gold Mine, which is located approximately 125 kilometers to the North West of Katanning. Boddington has produced 16 million ounces (from 30 million) to a depth of 700 meters.
AUC has only very partially developed its 1.2 million ounces to a depth of about 170 meters at Katanning, within a 7.5km strike line AND also has a prospective gold zone that runs perpendicular to the main strike line for multi-kms.
IMHO AUC is an extremely undervalued gold developer. Good luck to all longs.
Ann: Ausgold Investor Webinar Presentation, page-4
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