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AusGold Limited (ASX:AUC)

ALERT: Price-sensitive ASX Announcement for AUC
Current share price for AUC : $1.260 0.195 (18.31%)+
Announcement
Release
17 Aug 2026 5:48PM
Price at Release
$1.065
Full Release
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Summary
OceanaGold Corporation announced its acquisition of Ausgold Limited through an Australian court-approved scheme of arrangement. This transaction will result in Ausgold shareholders holding between 6% and 8% of OceanaGold post-closing. The acquisition is to be funded entirely through OceanaGold’s existing cash and available liquidity, maintaining a strong, debt-free balance sheet. The scheme conditions include shareholder and regulatory approvals. OceanaGold plans to continue exploration and technical work on the Katanning Gold Project, with the first gold production expected in 2029. The project is anticipated to deliver significant gold output and is located in a tier-1 jurisdiction in Western Australia. The transaction, which has a maximum cash consideration cap, will also involve Ausgold shareholders being offered a cash alternative option.
Key Points
  • OceanaGold to acquire 100% of Ausgold Limited.
  • Ausgold shareholders to hold 6% to 8% of OceanaGold post-transaction.
  • Transaction funded via OceanaGold's existing cash and liquidity.
  • Scheme subject to shareholder and regulatory approvals.
  • First gold production from Katanning expected in 2029.
  • Katanning project located in Western Australia, a tier-1 jurisdiction.
  • Ausgold shareholders offered cash alternative up to A$194 million.
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.