Ausgold (AUC) investor relations material

Executive summary

• Binding scheme proposes OceanaGold acquire 100% of Ausgold for 0.03365 OceanaGold shares per share, implying A$1.36 per share and ~A$776m fully diluted equity value.

• Shareholders may elect cash at A$1.36 per share, subject to a A$194m maximum cash pool; the Board unanimously recommends the scheme, subject to conditions and no superior proposal.

• The transaction would preserve ongoing shareholder exposure to the Katanning Gold Project (KGP) within OceanaGold’s gold and copper portfolio.

Financial highlights

• Cash and cash equivalents were A$41.956m at 30 September 2026.

• Quarterly operating cash outflow was A$2.762m and investing cash outflow A$43.436m; financing provided A$0.796m, including A$0.800m from option exercises.

• Exploration and evaluation expenditure was A$23.385m, including A$20.191m for KGP engineering, power works and accommodation construction; property, plant and equipment expenditure was A$20.046m, including a A$20.000m land settlement.

• Corporate and administration costs were A$2.330m; staff costs were A$1.001m and interest income was A$0.435m.

Outlook and guidance

• Workforce village handover remains scheduled for February 2027, with remaining modules expected in October 2026.

• A broader KGP infill program is scheduled for September–December 2026 and funded through the OceanaGold facility; the planned year-end 2026 resource update is deferred.

• The prior target for a KGP final investment decision by end-2026 is no longer achievable while the proposed scheme is pending.

• Scheme booklet dispatch was expected in late October 2026, with a shareholder meeting expected in late November 2026.