Ausgold Limited (AU:AUC) has released an update.
Ausgold Limited has secured a $3 million funding through unsecured loan notes with institutional shareholders to finalize the Definitive Feasibility Study (DFS) for its 3.04Moz Katanning Gold Project in Western Australia. The investment will also support new drilling programs at high-potential exploration targets near the project. With the backing of its major shareholder, Dundee Resources, and new partners Arlington Group Asset Management and SCP Resource Finance, Ausgold aims to bolster its Katanning project, touted as one of Australia’s largest new open-cut gold ventures.
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