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AusGold Limited (ASX:AUC)

ALERT: Price-sensitive ASX Announcement for AUC
Current share price for AUC : $0.820 -0.16 (-16.33%)+
Announcement
Release
20 Apr 2026 8:42AM
Price at Release
$0.980
Full Release
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Summary
AusGold Limited's quarterly report for the period ending 31 March 2026 highlights significant progress in the Katanning Gold Project (KGP), including an expanded drill program and cooperation agreements with indigenous corporations. The report details the completion of 33,588 meters of drilling with notable results, including high-grade intercepts beyond existing resource estimates. Financially, the company reports $97.874 million in cash, with substantial investments in exploration and corporate costs. The report also outlines future development activities and contract tenders for infrastructure and services at KGP.
Key Points
  • Expanded drilling program at Katanning Gold Project to 54,000m.
  • Successful step-out and in-fill drilling results indicating high-grade mineralisation.
  • Cooperation agreement with Wagyl Kaip Southern Noongar Aboriginal Corporation.
  • Ongoing tendering and contract discussions for KGP development.
  • Material cash outflows for exploration, evaluation, and corporate costs.
  • Cash inflows from options exercise and equity issuances.
  • Plans for workforce accommodation and other infrastructure development.
  • Permitting and environmental compliance activities underway.
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.