Ausgold (ASX: AUC) – develop Katanning Gold Project
COMPANY SCOREBOARD
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ABOUT COMPANY
Ausgold (AUC) (https://ausgoldlimited.com/) explores gold in Western Australia. Its flagship is the Katanning Gold Project.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| AUC | 0.034 | 3562807875 | 121135467.7500 | 24/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 3093 | 54.20% | 54.48% | 1.7% | 37700000 | last raise $38m@3c; pre raise $12m@4.5c |
In October 2023, the chair resigned.
In May 2024, the board is refreshed, and subsequently raised $38m@3c.
FLAGSHIP ASSET
Katanning Gold Lithium Project Katanning WA
Project Data
The company committed to pay $11m for properties on the mining leases.
Resources are over 8km strike length and all open-pit.
The company completed PFS using NPV5 and a gold price of $2,300. Nevertheless, it indicated an initial CAPEX requirement of $260m.
The new DFS is expected in Q4CY24.
Below are the project’s resources and reserves:
OTHER ASSETS
Woodanilling Nickel-Copper-PGE Katanning
Lake Magenta Gold Katanning
Doolgunna JV (A1M) Copper/Gold Meekatharra
Yamarna JV Nickel/Copper/Cobalt (25% with CMO)
Cracow Gold/Copper Project QLD
SUMMARY
The company is perhaps one of the best bets of all the gold companies.