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Ausgold already holds a substantial existing 1.84 Moz Resource critical mass foundation which supports a meaningful standalone mining operation. Further Resource growth activities are currently in train to demonstrate the potential multimillion ounce scale identified by the Company at the Katanning Gold project. Large exploration drilling programs are underway focused on new high value and repeat targets to expand the scale within and outside Resource areas across 4,000 km2 of highly prospective greenstones in the emerging SW Yilgarn gold and PGE province.
“Ausgold is at an exciting point as we focus on our ambition for a multi-million-ounce Resource for a significant mining operation at the KGP. The Project has a critical mass foundation established with a 1.84 Moz Resource and further potential identified within and near the existing Resource and regionally across one of the largest land-holdings in the SW Yilgarn.”
Matthew Greentree
Managing Director, Ausgold Limited
$AUC.ax has completed its large-scale 30,000m drilling program in the Central and Southern Zones at #Katanning with final assays being assessed ahead of the planned Resource upgrade in early May. #gold $AUC #scale #mining $GLD #invest Link to Release: bit.ly/3MZxY3L pic.twitter.com/2l2iEmz6Uf
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