Ausgold - AUC (ASX) News & Expert Insights from Stockhead

Ausgold Limited is on track to become Australia’s next mid-tier gold producer through the development of its 100%-owned Katanning Gold Project (KGP), located 275km south-east of Perth and approximately 40km north-east of the wheatbelt town of Katanning in south-west Western Australia.

The Company is in the final stages of a Definitive Feasibility Study on the development of a large-scale, long-life open pit gold project at Katanning, with the DFS due for release to market in late June.

The development of Katanning will allow Ausgold to unlock the broader potential of its district-scale 3,500km² land-holding in the Katanning Greenstone Belt, which hosts some of Australia’s largest gold deposits (including its largest gold mine) but remains significantly under-explored.

KEY PEOPLE

Mr Dorward has over 25 years of experience in the mining and finance industries. Mr Dorward was the CEO of TSX-listed gold producer Roxgold Inc. where he led the construction of the Yaramoko Gold Mine in Burkina Faso from maiden resource through to production, before Roxgold was acquired by Fortuna Silver Mines Inc. in 2021 for US$884 million.

Mr Stockdale is a seasoned finance and commercial executive with extensive resources industry experience including the completion of numerous project and corporate debt and equity financings, mergers & acquisitions and metals and concentrates marketing and logistics. Most recently, Ben was the CFO of ASX-listed Sunrise Energy Metals Limited.

Mr Mitchell is a chemical engineer with extensive mining industry project development and operations experience across a wide range of mineral commodities and jurisdictions. Mr Mitchell has extensive gold operations experience, including senior roles with Newcrest as General Manager – Telfer and General Manager – Hidden Valley.