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Ausgold Limited (ASX: AUC) is a Western Australian gold development company advancing its 100%-owned Katanning Gold Project, a large-scale, long-life gold project with the potential to establish a significant new gold mining operation. The December 2025 Updated Definitive Feasibility Study outlined forecast life-of-mine production of 1.22 million ounces over a 10+ year mine life, with a post-tax NPV of A$1.03 billion and an IRR of 52.4% at a long-term gold price assumption of A$4,300/oz.

In August 2026, Ausgold entered into a binding Scheme Implementation Deed with OceanaGold Corporation (TSX: OGC, NYSE: OGC), under which OceanaGold proposes to acquire 100% of Ausgold via a scheme of arrangement, valuing the transaction at approximately A$776 million. Subject to completion, the transaction offers Ausgold shareholders the opportunity to retain exposure to Katanning’s development and exploration upside as part of a larger, diversified gold and copper producer, with completion expected in December 2026.

Management Profile:

John Dorward - Executive Chairman