Ausgold (AUC) Q1 2026 TU earnings summary

Executive summary

• Binding agreement signed to acquire critical freehold land for the Katanning Gold Project (KGP), resolving a legal dispute ongoing since August 2023 and enabling mine plan re-optimisation.

• $35 million capital raising completed, providing strong funding for KGP advancement and exploration programs.

• Pre-development activities advanced, including permitting, mine water supply, accommodation, and process plant engineering.

• Major 44,000m drilling program planned, with 32,000m focused on KGP for resource growth and in-fill drilling.

Financial highlights

• $23.44 million cash at 30 September 2025.

• $35 million raised via share placement at $0.57 per share, with strong institutional support.

• Material cash outflows: $18.13 million for land acquisition, $2.52 million for exploration, $1.13 million for staff, $1.52 million for admin.

• Net cash from financing activities: $34.62 million for the quarter.

• Estimated 4.6 quarters of funding available at current expenditure rates.

Outlook and guidance

• Final investment decision for KGP targeted for mid-2026.

• Re-optimisation of DFS mine plan underway to add life-of-mine gold production and reduce mining costs.

• Major drilling campaign to commence in October, targeting resource growth and de-risking early mine life.

• Ongoing permitting and environmental approvals, with key submissions scheduled for Q3 and Q4 2025.