Ausgold (AUC) H2 2025 earnings summary

Executive summary

• Delivered a positive Definitive Feasibility Study (DFS) for the Katanning Gold Project (KGP), confirming robust gold production and strong financial returns over a 10-year mine life.

• Updated Mineral Resource Estimate (MRE) to 69Mt at 1.11g/t Au for 2.44Moz, with 91% in Measured and Indicated categories and 90% within a single pit shell.

• Entered binding agreement to acquire 860 hectares of freehold land critical to KGP, resolving previous land access issues.

• Raised $35 million in institutional capital post year-end to accelerate project development and exploration.

• Strengthened leadership with new Board and executive appointments.

Financial highlights

• Consolidated net loss of $10.75 million for FY2025 (FY2024: $8.34 million).

• Cash and cash equivalents at year-end: $12.03 million (FY2024: $5.0 million).

• Total assets: $103.8 million; net assets: $98.3 million.

• $24 million raised via share placement during the year; $35 million raised post year-end.

• Exploration and evaluation expenditure capitalized: $78.86 million.

Outlook and guidance

• Targeting Final Investment Decision (FID) for KGP by mid-CY2026 and first gold production by late CY2027.

• Ongoing optimization of DFS mine plan to add production and reduce costs following land acquisition.

• Continued focus on permitting, debt financing, and advancing exploration to expand resources.