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Asia

Ausgold Continues to Confirm Western Australia Project Growth Potential

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.

ASX:AUC
Asia

Ausgold Appoints CEO

Ausgold (ASX:AUC) appointed Chief Financial Officer Ben Stockdale as chief executive, effective immediately, according to a Thursday Australian bourse filing.

ASX:AUC
Asia

Ausgold Extended Western Australia Project Timelines With No Other Fundamental Change to Development, Euroz Hartleys Says

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.

ASX:AUC
Asia

Ausgold Identifies High-Grade Gold Mineralization at Western Australia Project

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.

ASX:AUC
Asia

Ausgold's Investment Appeal Supported by Clear Near-Term Production Pathway, Euroz Hartleys Says

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.

ASX:AUC
Asia

Ausgold Finds High-Grade Gold Mineralization at Western Australia Project

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.

ASX:AUC