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Ausgold Limited ( (AU:AUC) ) has issued an announcement.
Ausgold Limited has delivered an updated Definitive Feasibility Study for its 2.44-million-ounce Katanning Gold Project in Western Australia, showing higher forecast life-of-mine production of 1.22 million ounces, stronger early-year output, lower all-in sustaining costs and materially improved project economics. The company has also strengthened its funding and project de-risking by completing an underwritten A$80 million placement and a A$10 million share purchase plan to support pre-development activities, advancing key permitting with inclusion in the WA Government’s Priority Approvals Program, securing long-term land access for accommodation and development footprints, and launching a 44,000-metre drilling campaign that is already delivering encouraging high-grade results and supporting the potential for further resource growth ahead of a targeted final investment decision by mid-2026.
The most recent analyst rating on (AU:AUC) stock is a Hold with a A$1.00 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 flagship Katanning Gold Project in Western Australia, targeting large-scale open-pit gold production supported by growing mineral resources and ore reserves.
Average Trading Volume: 938,587
Technical Sentiment Signal: Buy
Current Market Cap: A$531.5M
Learn more about AUC stock on TipRanks’ Stock Analysis page.