Ausgold Limited (AU:AUC) has released an update.
Ausgold Limited has secured A$38 million in funding through a two-tranche placement, demonstrating robust investor confidence in their Katanning Gold Project (KGP) in Western Australia. The funds will advance work on the KGP towards a Final Investment Decision, including a Definitive Feasibility Study and regional exploration. Major backers include Jupiter Asset Management and Dundee Corporation, with new Executive Chairman John Dorward also investing A$1 million, conditional on shareholder approval.
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