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The latest announcement is out from Ausgold Limited ( (AU:AUC) ).
Ausgold Limited has launched a significant 44,000-meter drilling campaign at its Katanning Gold Project, aiming to expand its current 2.44 million ounce gold resource. The campaign, supported by government grants, includes both Reverse Circulation and diamond drilling to explore high-grade extensions and regional targets, potentially leading to new satellite deposits and extending the mine’s life.
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 company operating in the mining industry, primarily focused on gold exploration and development. Its main project is the Katanning Gold Project located in south-west Western Australia, where it aims to expand its mineral resources and enhance its market position.
YTD Price Performance: 100%
Average Trading Volume: 1,072,703
Technical Sentiment Signal: Buy
Current Market Cap: A$364.1M
See more insights into AUC stock on TipRanks’ Stock Analysis page.