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The latest update is out from Ausgold Limited ( (AU:AUC) ).
Ausgold Limited has successfully raised $35 million through a placement of shares to accelerate the development of its Katanning Gold Project in Western Australia. The funds will be used to advance the project towards a final investment decision, acquire freehold land, and support ongoing exploration activities. The placement was well-received by both existing and new institutional investors, highlighting strong market confidence in Ausgold’s strategic direction and potential to become a mid-tier gold producer.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.60 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 gold mining industry, primarily focused on the exploration and development of gold projects. Its main project is the Katanning Gold Project located in Western Australia, which is a key focus for the company’s growth and development efforts.
Average Trading Volume: 837,149
Technical Sentiment Signal: Buy
Current Market Cap: A$219.8M
Learn more about AUC stock on TipRanks’ Stock Analysis page.