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AusGold Limited (ASX:AUC)

ALERT: Price-sensitive ASX Announcement for AUC
Current share price for AUC : $0.915 0.015 (1.67%)+
Announcement
Release
22 Oct 2025 8:29AM
Price at Release
$0.900
Full Release
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Summary
AusGold Limited has announced the acquisition of an additional 240 hectares of freehold land necessary for the expansion of its Katanning Gold Project in Western Australia. This acquisition, involving a $3 million settlement scheduled for November 2025, addresses previous land access issues that had hindered the project's development. The newly acquired land will support the growth of the Dingo Resource and Reserve and allow AusGold to optimize its Definitive Feasibility Study (DFS) mine plan, potentially increasing gold production and reducing costs. The company also plans an extensive drilling program to explore high-grade targets on the newly acquired land.
Key Points
  • Acquisition of 240 hectares of land for Katanning Gold Project.
  • Settlement of $3 million scheduled for November 2025.
  • The land supports expansion of Dingo Resource and Reserve.
  • Optimisation of DFS mine plan for increased production and reduced costs.
  • New drilling program targeting high-grade results in newly acquired land.
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.