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Ausgold Limited ( (AU:AUC) ) has provided an announcement.
Ausgold Limited has completed a Definitive Feasibility Study for its Katanning Gold Project, indicating strong gold production and financial returns over a ten-year mine life. The study highlights an average annual production of 140,000 ounces in the first four years and a total of 1.14 million ounces over the mine’s life. With a post-tax cashflow of A$1.37 billion and an internal rate of return of 53%, the project promises a swift payback period of 13 months. The study positions the project as development-ready, with Ausgold now focusing on engineering, financing, and permitting to advance the project.
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, focusing on developing substantial open pit gold mines. Its primary project is the Katanning Gold Project in Western Australia, aimed at becoming a mid-tier gold producer.
YTD Price Performance: 82.14%
Average Trading Volume: 737,060
Technical Sentiment Signal: Buy
Current Market Cap: A$273.4M
See more data about AUC stock on TipRanks’ Stock Analysis page.