Ausgold (AUC) H1 2026 earnings summary

Executive summary

• Focused on advancing the Katanning Gold Project (KGP) in Western Australia, with updated feasibility study and project execution underway, including engineering, contract tendering, permitting, and debt financing.

• Extensive exploration programs are ongoing to expand gold resources, with 44,000m drilling campaign targeting resource growth, de-risking, and new discoveries.

• Major land acquisitions in August and November 2025 resolved legal disputes and secured critical development areas for KGP.

Financial highlights

• Consolidated loss of $7,878,801 for the half-year ended 31 December 2025, compared to $6,315,098 for the same period last year.

• Cash and cash equivalents increased to $75,602,868 at 31 December 2025 from $12,028,451 at June 2025, mainly due to capital raisings.

• Significant capital raised: $35 million in July 2025, $80 million in November 2025, and $10 million via Share Purchase Plan.

Outlook and guidance

• Project execution for KGP is the immediate focus, with a final investment decision targeted for mid-2026.

• Ongoing permitting, contract establishment, and stakeholder engagement to support project development.