Ausgold Limited (AU:AUC) has released an update.
Ausgold Limited has emerged from a pivotal quarter with a strengthened Board aiming to transform the company into a mid-tier gold producer, backed by a successful $38 million capital raising. The funds are set to advance the 3.04Moz Katanning Gold Project in Western Australia, with a revised definitive feasibility study due in the first half of 2025. The company has also consolidated its shares and added key senior executive positions, bolstering its operational capabilities and financial structure.
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