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Ausgold Limited ( (AU:AUC) ) has provided an update.
Ausgold Limited announced progress in its Katanning Gold Project, including advancements in the Feasibility Study, ongoing drilling activities, and key executive appointments. The company’s drilling program has shown significant gold mineralization, supporting its aim to become a mid-tier gold producer. With $18.7 million in cash reserves, Ausgold is well-positioned to continue its development and exploration efforts, potentially making 2025 a pivotal year for the company.
More about Ausgold Limited
Ausgold Limited is focused on developing the Katanning Gold Project (KGP) in Western Australia, aiming to establish itself as Australia’s next mid-tier gold producer. The company holds approximately 3,500 square kilometers of the Katanning Greenstone Belt, a region known for hosting some of Australia’s largest gold deposits, including Boddington. Ausgold is currently undertaking a Feasibility Study for the KGP with completion targeted for Q2 2025, alongside exploration programs to expand its gold resource.
YTD Price Performance: 5.46%
Average Trading Volume: 6,049
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €94.29M
See more insights into AUC stock on TipRanks’ Stock Analysis page.
