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Austral Gold Limited (ASX:AGD)

ALERT: Price-sensitive ASX Announcement for AGD
Current share price for AGD : $0.160 0.04 (33.33%)+
Announcement
Release
23 Jul 2026 8:38AM
Price at Release
$0.120
Full Release
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Summary
Austral Gold Limited has announced an updated technical report for its Guanaco Mine in Chile, revealing a significant 14-year mine life with a US$192.1 million after-tax NPV at a 10% discount rate. This update includes revised Mineral Reserves and Resources, with Proven and Probable Reserves of 18.1 million tonnes grading 0.84 g/t gold and 5.43 g/t silver, translating to approximately 352,000 ounces of gold and 1.493 million ounces of silver. The report also highlights a Life of Mine average recovery rate of 72% for gold and 47% for silver, leveraging existing infrastructure. The economic analysis uses average prices of US$3,135/oz for gold and US$42/oz for silver. The company emphasizes a disciplined capital program and existing permitted processing facilities, aiming to strengthen sustainable value generation from its operations in both Chile and Argentina.
Key Points
  • 14-year mine life for the Guanaco Mine.
  • US$192.1 million after-tax NPV at a 10% discount rate.
  • Proven and Probable Mineral Reserves of 18.1 Mt.
  • Mineral Resources and Reserves reported under Canadian NI 43-101.
  • Average LOM recovery of 72% for gold and 47% for silver.
  • LOM average prices: US$3,135/oz gold, US$42/oz silver.
  • Austral Gold's focus on leveraging existing infrastructure.
  • Sustainable value generation from Chile and Argentina operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.