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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.