Ausgold (AUC) H2 2025 earnings summary

Executive summary

• Delivered a positive Definitive Feasibility Study (DFS) for the Katanning Gold Project (KGP), confirming robust gold production and strong financial returns over a 10-year mine life.

• Updated Mineral Resource Estimate (MRE) to 69Mt at 1.11g/t Au for 2.44Moz, with 91% in Measured and Indicated categories and 90% within a single pit shell.

• Entered binding agreement to acquire 860 hectares of freehold land critical to KGP, resolving previous land access issues.

• Raised $35 million in institutional capital post year-end to accelerate project development and exploration.

• Strengthened leadership with new Board and executive appointments.

Financial highlights

• Consolidated net loss of $10.75 million for FY2025, compared to $8.34 million in FY2024.

• Cash and cash equivalents at 30 June 2025: $12.03 million, up from $4.99 million in 2024.

• Total assets increased to $103.83 million from $89.44 million year-over-year.

• Equity raised: $24.02 million via share issue during the year, with an additional $35 million post year-end.

• Exploration and evaluation expenditure capitalised: $78.86 million at year-end.

Outlook and guidance

• Targeting Final Investment Decision (FID) for KGP by mid-CY2026 and first gold production by late CY2027.

• Ongoing optimisation of DFS mine plan to add production and reduce costs following land acquisition.

• Continued aggressive exploration to expand resources and identify satellite deposits.