Ausgold (AUC) H2 2026 earnings summary

Executive summary

• Transitioned from project evaluation to active development of the Katanning Gold Project (KGP), targeting a final investment decision by end of 2026.

• Delivered a DFS Update in December 2025, increasing mine life to over 10 years, Ore Reserves to 1.33Moz, and forecast production to 1.22Moz.

• Early works commenced, including engineering, infrastructure, and procurement, to reduce execution risk and accelerate construction.

• Entered into a binding Scheme Implementation Deed with OceanaGold for a proposed acquisition, valuing equity at approximately A$776 million.

Financial highlights

• Consolidated net loss of $9.7 million for FY2026, an improvement from $10.7 million loss in FY2025.

• Cash and cash equivalents increased to $87.4 million at 30 June 2026, up from $12.0 million the previous year.

• Raised $35 million in July 2025 and $90 million in November 2025 through equity placements and a share purchase plan.

• Share-based payments expense totaled $3.6 million.

Outlook and guidance

• Aims to reach final investment decision for KGP by late CY2026 and commence construction in early CY2027.

• First gold production targeted for mid-CY2028.

• Ongoing focus on advancing permitting, detailed engineering, financing, and resource expansion drilling.