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An announcement from Ausgold Limited ( (AU:AUC) ) is now available.
Ausgold Limited has signed a binding agreement to acquire an additional 240 hectares of freehold land crucial for the development of its Katanning Gold Project. This acquisition, costing $3 million, addresses previous land access issues and allows for potential expansion of the Dingo Resource and Reserve. The company is optimizing its Definitive Feasibility Study mine plan to increase gold production and reduce costs. Additionally, Ausgold plans to commence a new drilling program targeting high-grade areas to further expand its resource base.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$2.05 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 a mining company focused on the exploration and development of gold resources, particularly through its 100%-owned Katanning Gold Project located in Western Australia.
Average Trading Volume: 1,069,380
Technical Sentiment Signal: Buy
Current Market Cap: A$383.6M
See more data about AUC stock on TipRanks’ Stock Analysis page.