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AusGold Limited (ASX:AUC)

ALERT: Price-sensitive ASX Announcement for AUC
Current share price for AUC : $0.850 -0.09 (-9.57%)+
Announcement
Release
14 Apr 2026 9:10AM
Price at Release
$0.940
Full Release
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Summary
Ausgold Limited has announced high-grade drilling results from the Katanning Gold Project (KGP), highlighting the growth potential at the Jinkas and Jinkas North deposits. These results significantly increase confidence in the ability to convert Resources to Reserves within the primary Jinkas Pit and aim to enhance the early years of the mine plan. The drilling campaign includes both in-fill and extension drilling, which supports upgrading Resource classifications to measured status and extends mineralisation beyond the current envelope. The results have exceeded expectations, with significant high-grade intercepts indicating robust potential for further resource growth and supporting the Mineral Resource Estimate.
Key Points
  • High-grade drill results increase confidence in the potential for Resource-to-Reserve conversion at the Jinkas Pit.
  • Drilling at the Jinkas-White Dam deposit aimed to upgrade the first two years of the mine plan to measured classification.
  • Significant intercepts include 12m at 5.55g/t and 1m at 76.00g/t.
  • Mineral Resource Estimate confidence is reinforced by grade reconciliation from in-fill drilling.
  • Extension of mineralisation beyond the current 2.44Moz Resource envelope in the Central Zone.
  • Notable results include 9m at 2.64g/t and 12m at 1.51g/t in the Central Zone deposits.
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.