Ausgold (AUC) Noosa Mining Conference 2026 summary

Project milestones and development

• Resolved a long-standing land access dispute in August, unlocking project development.

• Delivered and updated a feasibility study, extending mine life to 10 years with strong early production.

• Achieved key permitting milestones, including EPA approval for public disclosure and started construction of the accommodation village.

• Targeting final investment decision by year-end and gold production by mid-2028.

• Appointed Lycopodium as EPC contractor and secured power station agreement with CrossBoundary Energy.

Exploration and resource expansion

• Conducted 60,000 m of drilling in 18 months, focusing on infill and resource expansion.

• Added reserves and identified new targets after resolving land access, with maiden resources for regional projects expected by year-end.

• Central zone provides 90% of ore, with strong results and potential for further growth.

• Exploring Datatine and Nanicup Bridge as high-grade satellite opportunities, aiming for new resources by year-end.

Financials and stakeholder engagement

• Project capital estimated at AUD 354 million, with costs locked in and no inflation observed.

• Strong cash position (just under AUD 90 million) supports early works and construction.

• Financing offers from a range of lenders and institutions are robust, with a growing institutional register.

• Innovative partnership with the Shire of Katanning for accommodation village, supporting local economic diversification.