InvestSMART

AusGold Limited (ASX:AUC)

ALERT: Price-sensitive ASX Announcement for AUC
Current share price for AUC : $0.855 -0.085 (-9.04%)+
Announcement
Release
30 Apr 2026 8:36AM
Price at Release
$0.940
Full Release
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Summary
AusGold Limited announced the commencement of early works at the Katanning Gold Project with the execution of an EPC contract for a Workforce Accommodation Village. The project involves ADD Business Group Pty Ltd constructing a 250-room village in Katanning, with construction starting in May 2026. The village is expected to be partially operational by mid-September and fully completed by December 2026. The total estimated cost for establishing the village is $30.1 million, aligning with the company’s strategic timeline towards a final investment decision by the fourth quarter of 2026.
Key Points
  • AusGold Limited has executed an EPC contract with ADD Business Group Pty Ltd for a 250-room Workforce Accommodation Village.
  • The Village will be constructed in Katanning, about 40km from the Katanning Gold Project site.
  • Development Approval was received from the Shire of Katanning in April 2026.
  • Construction is set to begin in May 2026, with the first 100 rooms available by mid-September.
  • The full completion and handover of the facility are scheduled for December 2026.
  • The total estimated cost for the Village establishment is $30.1 million.
  • A final investment decision for the Katanning Gold Project is targeted for Q4 2026.
  • ADD Business Group Pty Ltd was chosen through a competitive tender process.
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.