Ausgold Limited (AU:AUC) has released an update.
Ausgold Limited has completed the acquisition of two strategic farming properties totaling 1,026 hectares to support its Katanning Gold Project (KGP) in Western Australia, which boasts a gold resource of 3.04 million ounces. The purchase includes land critical for initial mining operations and proposed infrastructure, marking a significant step towards de-risking the project’s development. With the recent capital raise and these acquisitions, Ausgold is advancing confidently on its path to production.
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