Ausgold expands drilling and advances development at Katanning Gold Project

Ausgold Limited ( (AU:AUC) ) just unveiled an update.

Ausgold reported a busy March quarter as it advanced the Katanning Gold Project with an expanded 54,000-metre drilling program targeting growth and upgrading of its 2.44-million-ounce resource. In-fill and step-out drilling delivered broad, high-grade intercepts that both confirm the current resource model and extend mineralisation beyond the existing open-pit designs, supporting potential resource expansion and improving confidence in mine planning.

Diamond metallurgical drilling in early-schedule areas returned locally higher grades than previously interpreted, suggesting upside for early production profiles and project economics. In parallel, the company progressed key pre-development work, including tendering for major construction, processing, power and mining contracts, and signed a binding cooperation agreement with the Wagyl Kaip Southern Noongar Aboriginal Corporation, strengthening social licence and providing a clear framework for cultural heritage and stakeholder engagement ahead of a planned final investment decision in late 2026.

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 its 100%-owned Katanning Gold Project in Western Australia. The project sits within the Katanning Greenstone Belt of the Yilgarn Craton, a region that hosts some of the country’s largest gold deposits, and is intended to become a major new domestic gold mine supported by strong regional infrastructure.

YTD Price Performance: -5.91%

Average Trading Volume: 1,617,900

Technical Sentiment Signal: Buy

Current Market Cap: A$567M

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