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Ausgold Limited ( (AU:AUC) ) has provided an update.
Ausgold Limited has completed a Definitive Feasibility Study (DFS) for its Katanning Gold Project, demonstrating strong financial returns over a 10-year mine life. The project is expected to produce an average of 140,000 ounces of gold annually in its first four years, with a robust post-tax cash flow and high internal rate of return. The company is advancing towards project execution, including engineering, financing, and permitting, while continuing aggressive regional exploration to expand its growth pipeline. The project is anticipated to provide substantial employment opportunities and strengthen Ausgold’s position in the gold mining sector.
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 an Australian company operating in the gold mining industry, primarily focused on the exploration and development of gold projects. Its key project is the Katanning Gold Project, which aims to establish a significant gold mining operation in the Great Southern region of Western Australia.
YTD Price Performance: 36.90%
Average Trading Volume: 854,317
Technical Sentiment Signal: Buy
Current Market Cap: A$238.8M
Learn more about AUC stock on TipRanks’ Stock Analysis page.