For personal use only
DGO Gold Limited | Level 9, 63 Exhibition Street | |
ABN 96 124 562 849 | Melbourne VIC 3000 | |
Australia | ||
Telephone: | + 61 3 9133 6251 | |
Facsimile: | + 61 3 9691 6899 | |
Email:admin@dgogold.com.au | ||
Website: | www.dgogold.com.au |
15 March 2022
DGO Gold ASX Small and Mid-Cap
Conference Presentation
DGO Gold Limited (ASX:DGO) is pleased to provide shareholders and the market
with the attached presentation to be made by the Company at today's ASX Small and
Mid-Cap Conference.
The presentation is also available at www.dgogold.com.au
- ENDS -
This announcement is authorised for release by Mr Eduard Eshuys, Executive Chairman.
For further information contact: | |
Investors | Media: |
Eduard Eshuys | Markus Ziemer |
Executive Chairman | Chief Operating Officer |
DGO Gold Limited | DGO Gold Limited |
+61 3 9133 6251 | +61 3 9133 6251 |
admin@dgogold.com.au |
Competent person statement
Exploration or technical information in this release has been prepared by David Hamlyn, who is the General Manager - Exploration of DGO Gold Limited and a Member of the Australasian Institute of Mining and Metallurgy. Mr Hamlyn has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the JORC Code). Mr Hamlyn consents to the report being issued in the form and context in which it appears.
DGO Gold Limited | 1 |
onlyuse DGO GOLD
ersonalASX Small and Mid Caps
15 March 2022
Acknowledgement of
Country
DGO Gold acknowledges the Traditional Custodians of onlycountry of the lands on which we operate in Western Australia and South Australia and their connections to la d, sea and community. We pay our respects to their elders past, present, and emerging, and extend that respect to all Aboriginal and Torres Strait Islander
peoples today.
useDGO's Heritage and Community Policy states: "DGO endeavours to engage early, engage often and engage well with the Traditional Owners to achieve mutually
ersonalgreed outcomes for the businesses."
Ngarluma
Yugunga-Nya
Wiluna
Waturta
Wajarri | ||
Yamatji | Kakarra | Kokatha |
Ngadju | Barngarla |
2
Gold and copper discovery
Allocation of capital to major-company-scale discovery opportunities
ersonal use only
Strategic brownfield discovery exposures
14.5% | |||
Mineral resource1 | 9.0Moz | Equivalent DGO resource2 | 1.30Moz |
6.8%, options to 8.7%3 | |||
Mineral resource1 | 2.5Moz | Equivalent DGO resource2 | 0.17Moz |
20.1% | |||
Mineral resource1 | 0.3Moz | Equivalent DGO resource2 | 0.05Moz |
Total equivalent DGO resource2 | 1.52Moz |
Strategic greenfield landholdings
Pilbara, W.A.
Mallina, Au 100%
Murchison, W.A.
Yerrida, Cu/Au 90% - 100%
Yilgarn Exploration
Ventures, W.A.
Au 40%
Eastern Goldfields, W.A.
Black Flag, Au 100%
Lake Randall, Cu/Au 70% - 100%
Deleta, Au 100%
Stuart Shelf, S.A.
Pernatty, Cu/Co 80% - 100%
1. | De Grey Quarterly Activities Report released 28-Jan-22, Dacian Investor Presentation released 2-Dec-21, Yandal Exploration Update released 1-Dec-21 | 3 |
2. DGO Gold equivalent resource ownership calculated using DGO % ownership of DEG, DCN and YRL and respective mineral resource estimate from company announcements | ||
3. | Assumes exercise of 22.2m shares in options |
At current share price, the market attributes minimal value to DGO's major company scale discovery portfolio
only | Asset | Shares | Share | Market value | |||
held | price | ($m) | |||||
203.5m | $1.405 | $286 | |||||
use | 74.3m | $0.24 | $17.8 | ||||
23.4m | $0.245 | $5.7 | |||||
Cash/(Drawn Facility)2 | ($6.0) | ||||||
Total value of liquid assets | $304 | ||||||
Trading at ~24% discount to value of liquid assets | |||||||
Current market cap | $228 | ||||||
ersonal | Per share value of liquid assets1 | $3.59 | |||||
Current share price | $2.73 | ||||||
A free option to discovery | |||||||
Market implied value DGO's discovery upside | $ nil | ||||||
Source: IRESS as of close 11-Mar-2022
1. | Implied share price calculated on a fully diluted basis | 4 |
2. | Cash as of 11-Mar-2022; loan facility of $15 million secured against DEG shares (ASX:DGO 13 July 2021) |
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DGO Gold Limited published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 02:09:00 UTC.