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An announcement from Ausgold Limited ( (AU:AUC) ) is now available.
Ausgold Limited has announced a significant land acquisition that will advance the development of its Katanning Gold Project in Western Australia. This acquisition resolves a legal dispute and allows for the re-optimization of the project’s Definitive Feasibility Study. The company plans to initiate a multi-rig drilling program to explore previously inaccessible areas, potentially expanding the project’s mineral resource and reducing mining costs, thereby enhancing its operational and strategic position in the gold mining sector.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.80 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 in the mining industry, primarily focused on the exploration and development of gold resources. Its key project is the Katanning Gold Project located in Western Australia, which aims to expand its mineral resource base and optimize mining operations.
Average Trading Volume: 760,898
Technical Sentiment Signal: Buy
Current Market Cap: A$269.1M
Learn more about AUC stock on TipRanks’ Stock Analysis page.