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Ausgold Expands Regional Footprint with New Farm-In Agreement

Story Highlights
  • Ausgold Limited focuses on gold mining in Western Australia’s Katanning Greenstone Belt.
  • Ausgold secures a farm-in agreement to expand its exploration potential and plans drilling in FY26.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ausgold Expands Regional Footprint with New Farm-In Agreement

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Ausgold Limited ( (AU:AUC) ) has provided an update.

Ausgold Limited has entered into a farm-in agreement with Critica Ltd to acquire a majority interest in the exploration license E70/5077, which is adjacent to its Kulin Gold Project. This move expands Ausgold’s regional landholding and aims to enhance its exploration potential within the Katanning Greenstone Belt. The agreement allows Ausgold to earn up to a 70% interest in the license over three and a half years by meeting specific expenditure requirements. The company plans to commence drilling in FY26, targeting high-priority gold-in-soil and trenching anomalies to support its strategy of establishing a regional production hub.

More about Ausgold Limited

Ausgold Limited is a mineral exploration company primarily focused on gold mining. It operates in the Katanning Greenstone Belt in Western Australia, with key projects including the Katanning Gold Project and the Kulin Gold Project.

YTD Price Performance: 69.05%

Average Trading Volume: 714,884

Technical Sentiment Signal: Buy

Current Market Cap: A$253.8M

Learn more about AUC stock on TipRanks’ Stock Analysis page.

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