ASX ANNOUNCEMENT  

25 October 2007  

Australian Nickel Conference   The attached presentation will be made today, at the Australian Nickel Conference, by  Ian Levy, Chief Executive Officer of AusNiCo Pty Ltd.    On behalf of the Board D P Cornish Company Secretary 

A C N 05 2 35 4 83 7

The Business of New Nickel Discovery

Australian Nickel Conference Perth 24 October 2007

Ian Levy, CEO

ASX : DGR

ContactIan Levy CEO AusNiCo 0407 189 122Nick Mather MD D’Aguilar Gold 0417 880 448Duncan Cornish Secretary 07 3303 0680

Stuart Crow Ballyhoo Marketing 0414 449 442 & Communications

www.daguilar.com.auASX : DGR

We make resource companiesDefine project strategy Identify & secure asset in a subsidiaryRaise seed capital – in the subsidiaryProve the model Engage managementIPO and list subsidiary (spin-off)

ASX : DGR

We make resource companies

ASX : DGR

ASX : DGR

Next 6 months liberating value in DGR

• Big projects - +200kms• Hidden value:

New geological models New metallurgy New project economics

• Right Commodity – Nickel• Right “Exploration Environment”

ASX : DGR

Defined Strategy :

Ridleys & Mt Cobalt Identified First

Northern Concealed Greenstone Identified Second

Greenstones ignored since 1970s

OLD GEOLOGY DID NOT FIT

Ridleys at Blacksnake thought to be an “UNUSUAL LATERITE”

Mt Cobalt mine thought to be old Cobalt wad

ASX : DGR

Sample from Mt Mia area

We discovered Ni sulphides in the host serpentinites

Pentlandite

Violarite

Millerite

ASX : DGR

“Hydrothermal Ni veins”at Mt Cobalt?

We found “gossans”(after sulphides)?

Nickeliferous host rocks are “hydrothermally altered”(hot water) more than weathered

Granite = Hot Solutions

Ni SulphideSource Rocks

Nickel Deposits

RIDLEYS: best holes:15m @ 1.7% Ni6m @ 2.1% Ni7m @ 1.6% Niall open at depth

Mt Cobalt - Ridleys may be large systemOxides only – so far

Mt Cobalt >1km long, 200m wide, avg. 115m deep @ 0.5% NiRidleys 1km long anomaly 200m wide and avg. 10 m deep @ 0.7% Ni

Cobalt, gold & other creditsNickel Sulphide zone at depth (EM & magnetic targets)A blueprint for targets at Widgee & Poperima-Mundubbera belt

ASX Code DGR

New Geological Model

Mount Cobalt Cross Section over Magnetic section

Diamond Drillhole COB 11

Surface to 96m depth 0.58% Nickel &0.025% Cobalt

in oxide-clay and hydrothermal veins

ASX : DGR

Mount Cobalt Cross Section over Magnetic section

Oxidised hydrothermal

Sulphide hydrothermal zone at depth?

Oxides overlie sulphides in a Hydrothermal system?

ASX : DGR

Low strip ratios?

AirborneElectromagneticsidentify sulphidetargets at depth

ASX : DGR

Explore and Extend

Drill for high grades & larger mineral system

ASX : DGR

New Nickel Province : Magnetics showed the way

ASX : DGR

New Metallurgy - 75% recovery from oxides

ASX : DGR

Forward Looking StatementWhilst based on information from sources considered reliable, D'Aguilar Gold Ltd, its subsidiaries, including AusNiCo Pty Ltd, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information in this document and presentation is complete or accurate. To the maximum extent permitted by law, D'Aguilar Gold Ltd disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to its notice , which may affect any of the information contained in this document and presentation.

JORC and Competent Person StatementThe information herein that relates to Exploration Results is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd.Mr Mather has more than five years experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears.