Ausgold (AUC) Q3 2026 TU earnings summary

Executive summary

• Expanded drilling at Katanning Gold Project (KGP) to 54,000m, with five rigs operating and strong results from both in-fill and step-out drilling.

• Pre-development activities advanced, including project approvals, contractor engagement, and a cooperation agreement with the Wagyl Kaip Southern Noongar Aboriginal Corporation.

• KGP remains the focus, with ongoing work on permitting, tendering, and financing following the December 2025 DFS Update.

Financial highlights

• Cash balance at 31 March 2026 was $97.87 million.

• Material cash outflows for the quarter: $5.62 million on exploration/evaluation, $0.43 million on staff, $1.15 million on corporate/admin.

• Cash inflows included $0.61 million from option exercises and $28.42 million from new equity issuances (net of costs).

Outlook and guidance

• Final Investment Decision (FID) for KGP targeted for Q4 2026, with construction and first gold production expected in 2027-2028.

• June 2026 quarter activities include awarding accommodation facility contract, ongoing tendering for key contracts, and continued drilling.

• Additional ecological surveys required for permitting, extending the EPA approval timeline to late 2026.