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Ausgold Limited ( (AU:AUC) ) has provided an update.
Ausgold has reported a series of high-grade assay results from reverse circulation and diamond drilling within the Central Zone of its Katanning Gold Project in Western Australia. The campaign, now 46,717m into a planned 54,000m program, is targeting both resource growth and improved confidence in the early years of planned production.
Recent drilling has delivered standout gold intercepts of up to 41.25g/t, with broad zones of mineralisation intersected beneath current pit designs and outside existing ore reserves. These results point to strong potential to grow reserves, extend mine life and enhance grade continuity, particularly at the Jinkas and White Dam lodes.
Extensional drilling along the White Dam–Jackson trends has also confirmed mineralisation at depth, reinforcing the down-plunge growth potential of the deposit. In parallel, drilling at the nearby Nanicup Bridge target has been completed to support a maiden satellite resource, which could further bolster the project’s production base.
Management highlighted that the consistency of high-grade results from both in-fill and extensional drilling strengthens Katanning’s growth narrative. The company sees a clear opportunity to expand its production profile and optimise the early years of its mine plan as outstanding assay results are received and incorporated into future resource and reserve updates.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$3.00 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 its 100%-owned Katanning Gold Project in Western Australia. The project sits within a major mineralised structural corridor and hosts multi-lode gold mineralisation across three key resource zones—Northern, Central and Southern—over a 15km trend within a 3,000km² regional landholding.
YTD Price Performance: -11.82%
Average Trading Volume: 1,636,187
Technical Sentiment Signal: Buy
Current Market Cap: A$531.4M
See more insights into AUC stock on TipRanks’ Stock Analysis page.