AusGold Limited (ASX:AUC)

ALERT: Price-sensitive ASX Announcement for AUC

Current share price for AUC : $0.835 -0.105 (-11.17%)⁺

Announcement

Ausgold to Commence Extensive Drilling Campaign at Katanning

Release

15 Sep 2025 8:28AM

Price at Release

$0.940

Full Release

Summary

Ausgold Limited is set to commence a major gold drilling program at its 100%-owned Katanning Gold Project (KGP) and across its extensive 3,500km² of prospective greenstone tenure in southwest Western Australia. The drilling campaign, comprising 44,000 meters of reverse circulation and diamond drilling, will start in October 2025 and aims to drive resource growth, de-risk the mine plan, and unlock new discoveries. The campaign will target both open pit and underground extensions, focusing on the Central and Northern Zones of the KGP, and include regional drilling to advance Ausgold’s exploration pipeline. The effort is expected to deliver significant value through expanding resources, solidifying the mine plan, and advancing regional discovery opportunities.

Key Points

44,000m drilling program to commence in October 2025.
32,000m allocated to Katanning Gold Project for resource growth.
Targeting open pit extensions and underground potential.
12,000m regional program for discovery pipeline advancement.
Focus areas include Central and Northern Zones of KGP.
In-fill drilling to de-risk mine plan and enhance early cash flow.
Regional targets include Nanicup Bridge-Zinger, Kraken, and Moulyinning prospects.
Campaign to support resource expansion and new discoveries.

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.