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Ausgold Limited ( (AU:AUC) ) has shared an update.
Ausgold Limited has reached an ‘agreement in principle’ with the Shire of Katanning for a long-term lease of land to construct a 250-bed workforce accommodation facility for its Katanning Gold Project. This development, pending council approval, highlights Ausgold’s commitment to fostering local partnerships and ensuring long-term benefits for stakeholders, as the facility will be located on the outskirts of Katanning and will include transportation arrangements for staff to the mine site.
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 operates in the mining industry, focusing primarily on gold exploration and development. The company is engaged in the Katanning Gold Project located in south-west Western Australia, aiming to expand its operations and market presence in the region.
Average Trading Volume: 1,082,460
Technical Sentiment Signal: Buy
Current Market Cap: A$318.6M
For detailed information about AUC stock, go to TipRanks’ Stock Analysis page.