11 stories mentioning ASX:AUCUpdated 10d ago
Every FINWIRES story that references ASX:AUC, newest first.
Ausgold (ASX:AUC) said Tammie Dixon was appointed as its Chief Financial Officer after Ben Stockdale transitioned to Chief Executive Officer, according to a Tuesday Australian bourse filing.Most recently, Dixon was the CFO of Tivan (ASX:TVN).
Ausgold (ASX:AUC) said the Western Australian Environmental Protection Agency authorized the Katanning gold project's environmental review document for public release, according to a Friday Australian bourse filing.The document describes the proposed project, its likely environmental impacts, and proposed management and mitigation measures. The authorization for public release triggers a 21-day public exposure period.The Department of Mines, Petroleum, and Exploration informed the firm that it was granted three new mining leases, M70/1449, M70/1450, and M70/1451, comprising a total area of around 1,100 hectares.The project's works approval application was submitted and is under assessment by the Department of Water and Environmental Regulation.
Ausgold (ASX:AUC) said results from eight extensional reverse circulation and diamond drill holes from the Central zone at the Katanning gold project in Western Australia confirmed significant down-plunge growth potential, according to a Thursday Australian bourse filing.It encountered intercepts of 16 meters at 1.32 grams per tonne grade of gold from 252 meters, as well as three meters at 5.67 g/t from 255 meters. Meanwhile, the first of two deep diamond holes intersected 13.8 meters at 0.48 g/t grade of gold from 481.5 meters, around 300 meters down-plunge of the current open pit mineral resource, confirming the continuation of the mineralized system well beyond existing resource limits.The ongoing 25,000-meter infill drilling program continues to confirm and improve confidence in the geological mineralization model with an intercept of 10 meters at 1.56 g/t grade of gold from 36 meters.
Ausgold (ASX:AUC) reported a cash position of about AU$87.4 million as of the end of June, according to a Monday filing with the Australian bourse.The company previously reported about AU$97.9 million in cash as of March 31.During the June quarter, material cash outflows comprised about AU$12.2 million on exploration and evaluation studies, AU$400,000 on staff costs, and AU$378,000 of corporate and administration costs, while material cash inflows included about AU$1.8 million of interest income, per the filing.Ausgold is targeting a final investment decision for its Katanning gold project in Western Australia by the end of the year. The company said ongoing drilling at the project intersected broad zones of mineralization down-dip, beyond the limits of the existing mineral resource estimate of 2.4 million ounces.Ausgold shares fell 4% in recent Monday trade.
Ausgold (ASX:AUC) has executed an early works agreement with preferred engineering, procurement, and construction (EPC) contractor Lycopodium, enabling the commencement of detailed engineering and project execution planning ahead of a final investment decision (FID) targeted for the end of the year at its Katanning gold project in Western Australia, according to a Monday Australian bourse filing.The company said it has also signed an early works agreement with preferred build-own-operate power provider CrossBoundary Energy, allowing detailed engineering and procurement of long-lead equipment to commence for the planned hybrid gas, solar, and battery energy storage system power station.Environmental permitting continues to advance, with all additional information requested by the Western Australia Environmental Protection Authority (EPA) submitted, including completion of a comprehensive program of targeted field surveys, the filing added.Targeted surveys have been completed, including a specialist trapdoor spider survey requested by regulators, with no occurrences identified within the project footprint. The commencement of a native seedling planting program to create vegetation screening was also noted, it added.
Ausgold (ASX:AUC) continued to confirm the growth potential of the Katanning Gold Project in Western Australia with the release of assay results from extensional and infill drilling within the Central Zone and Northern Zone, according to a Tuesday filing with the Australian bourse.Drilling intersected 26 meters at 3.03 grams per tonne grade of gold from 79 meters, including 22 meters at 3.48 g/t grade of gold from 82 meters, and 10 meters at 3.78 g/t grade of gold from 46 meters, the filing said.A further 25,000 meters of reverse circulation drilling will start at the project, per the filing.
Ausgold (ASX:AUC) appointed Chief Financial Officer Ben Stockdale as chief executive, effective immediately, according to a Thursday Australian bourse filing.
Ausgold (ASX:AUC) extended timelines for the Katanning gold project in Western Australia, with no fundamental change to project development apart from timing, Euroz Hartleys said in a Monday note.The company extended its project timeline due to Environmental Protection Authority requests for further information on environmental impacts, including groundwater vegetation, certain fauna habitats, the possible presence of trapdoor spiders, and the preparation of a detailed offsets management plan.Key permit approvals and the final investment decision are now aimed for the fourth quarter of the year, delaying the expected first gold production to the second quarter of 2028, from the previous target of late 2027.The project is expected to deliver more than 140,000 ounces of gold per year at an all-in sustaining cost of about AU$2,160 per ounce in its first full production years, before averaging over 120,000 ounces per year at roughly AU$2,250 per ounce over the 10-year life-of-mine plan.Euroz Hartleys reaffirmed its speculative buy recommendation and lowered its price target to AU$2.60 from AU$2.70 on Ausgold.Ausgold shares rose 3% in midday trade Tuesday.
Ausgold (ASX:AUC) said ongoing in-fill and step-out drilling at its Katanning gold project in Western Australia returned high-grade results, with the initial 44,000-meter drill program expanded to 54,000 meters with five drill rigs, according to a Monday Australian bourse filing.The results were up to 10 meters at 2.2 grams per tonne (g/t) gold from 346 meters, including two meters at 9.5 g/t gold from 346 meters.The company said tendering, tender evaluation, and contract discussions are well underway for key project development contracts, including workforce accommodation facility construction, process plant engineering, procurement and construction, build-own-operate power supply, and mining contractor services.The company's shares rose 1% in recent Monday trade.
Ausgold's (ASX:AUC) investment appeal is supported by its status as a gold developer based in Western Australia with a defined near-term production pathway, Euroz Hartleys said in a Tuesday note.The company recently reported strong, high-grade results from its 54,000-meter drilling program at the Katanning gold project, with over 46,717 meters completed as of April.The results were up to 11 meters at 7.88 grams per tonne grade of gold from 99 meters, including two meters at more than 41 g/t grade of gold from 100 meters.Ongoing drilling is designed to boost resource growth, convert resources to reserves, and optimize mine plans to improve project economics, with a resource update anticipated in the third quarter of the year, the financial services firm said.The project is expected to deliver more than 140,000 ounces per year at an all-in sustaining cost of about AU$2,160 per ounce in its first four years, before averaging over 120,000 ounces per year at roughly AU$2,250 per ounce across the 10-year life-of-mine plan.Euroz Hartleys reaffirmed its speculative buy recommendation and AU$2.70 price target on Ausgold.Ausgold shares rose 7% in morning trade on Wednesday.
Ausgold (ASX:AUC) said it found high-grade gold mineralization during a recent drilling at its Katanning gold project in Western Australia, according to a Tuesday Australian bourse filing.The results were up to 11 meters at 7.88 grams per tonne grade of gold from 99 meters, including two meters at 41.25g/t gold from 100 meters.The company said the significant intercepts were returned from a further 77 reverse circulation (RC) and diamond drill holes targeting opportunities for grade uplift within the Central Zone of the project, with drilling along the White Dam-Jackson trend in progress to follow up recent "promising" results.Drilling has been completed at Nanicup Bridge to underpin a maiden satellite resource, while RC drilling at early-stage regional targets Moulyinning and Kulin is scheduled to commence in late April, the filing added.
