Ausgold expands Kulin into tasty adjacent licence

• Ausgold expands Kulin landholding with farm-in to adjacent exploration licence E70/5077
• Licence covers northern extension of the Yandina Thrust with exploration defining +3km gold anomaly
• Upcoming drilling will test high high-priority gold-in-soil and trenching anomalies

Special Report: Ausgold has expanded the footprint of its Kulin project in WA after reaching a farm-in agreement to acquire a majority stake in an adjacent exploration licence highly prospective for gold.

The 106km2 E70/5077 exploration licence covers the northern extension of the Yandina Thrust – a fertile structure hosting the nearby Griffins Find and Tampia gold mines.

Geochemical sampling has defined a +3km long coherent +10ppb gold-in-soil anomaly with two central +50ppb ‘bullseye’ targets that have strike lengths of 600m each.

Trenching over these bullseye targets returned results of 31m at 1g/t gold and 20m at 0.6g/t gold.

Deep diamond holes drilled to test a 300m down-dip continuation of surface mineralisation returned up to 3m grading 2.37g/t gold from a down-hole depth of 341m.

Mapping and auger sampling by Ausgold (ASX:AUC) within its wholly-owned tenure at Kulin, which is 75km north of the flagship Katanning gold project, identified a mineralised trend hosted within greenstone stratigraphy northeast and east of E70/5077.

This newly defined trend represents a compelling exploration opportunity and will be the focus of further auger sampling in Q1 FY26, with the aim of delineating additional drill-ready targets across the broader region.

Farm-in agreement

Under the farm-in agreement, the company can earn up to 70% in the exploration licence by first spending $250,000 within 18 months to earn an initial 51%.

It can increase this to 70% by spending another $360,000 over the following 24 months.

Once completed, the vendor Critica (ASX:CRI) will retain a 30% interest with the right to convert it into a 1.5% net smelter royalty at a decision to mine.

“The farm-in to E70/5077 is a strategic step in expanding our regional footprint across the eastern Katanning Greenstone Belt,” executive chairman John Dorward said.

“This new tenement complements our strong regional landholding surrounding our flagship Katanning gold project, which includes the Kulin project as well as other advanced exploration prospects such as Duggan and Nanicup Bridge-Zinger.

“This agreement directly aligns with our strategy to establish a regional production hub at the Katanning gold project, by discovering and developing high-quality, near-surface satellite deposits that can leverage our existing infrastructure and scale.”

AUC will lodge the Program of Work in Q1 FY2026 and expects to start maiden drilling on the new licence in Q2 or Q3 FY2026.

This will target high-priority gold-in-soil and trenching anomalies to unlock the project’s discovery potential.

This article was developed in collaboration with Ausgold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.