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Ausgold Limited ( (AU:AUC) ) has provided an announcement.
Ausgold has signed an engineering, procurement and construction contract with ADD Business Group to build a 250-room workforce accommodation village in the town of Katanning, about 40 kilometres from its Katanning Gold Project. The site, provided by the Shire of Katanning under a long-term land lease, received development approval in April 2026, reinforcing local government support for the project.
Construction is scheduled to begin in May, with the first 100 rooms and kitchen facilities available by mid-September and full completion targeted for December 2026 to align with permitting timelines and a final investment decision later that year. The total village establishment cost is estimated at $30.1 million, broadly in line with prior feasibility estimates, signalling the company’s commitment to advancing project development while managing capital costs for stakeholders.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$3.45 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.
More about Ausgold Limited
Ausgold Limited is an Australian gold exploration and development company focused on advancing its 100%-owned Katanning Gold Project in Western Australia. The company operates in the mining and resources sector, targeting the development of gold production supported by regional infrastructure and local government partnerships.
Average Trading Volume: 1,427,169
Technical Sentiment Signal: Buy
Current Market Cap: A$528.7M
See more insights into AUC stock on TipRanks’ Stock Analysis page.