Ausgold Limited is a Perth-based gold exploration and development company with a suite of projects located in some of Australia’s most prospective mineral provinces. Its primary focus is the 100%-owned Katanning Gold Project (KGP), which covers 4,031km2 of the underexplored Katanning greenstone belt in south-western Western Australia.
Gold mineralisation has been identified over 20 kilometres of strike at the KGP and the project contains a JORC 2012-compliant Mineral Resource of 20.98 million tonnes at 1.17g/t gold for 785,800 ounces, of which 358,101 ounces are in the Measured and Indicated categories.
Ausgold has reinvigorated its exploration efforts at the KGP with the immediate goals of growing the resource beyond 1 million ounces, improving the grade to ~2 g/t gold and initiating a pre-feasibility study.
A multitude of exploration targets that are drill-ready have been identified within 10km of existing resource areas, while more than 95% of Ausgold’s tenure in the Katanning region is yet to be drill-tested, highlighting the significant potential for additional near-mine and regional discoveries.
The Katanning greenstone belt is similar in length to other Archaen greenstone belts within WA’s Yilgarn Province, stretching over 200km. The geology along the belt bears the hallmarks of giant Archaen gold camps such as Kalgoorlie and Timmins in Canada, but it has not been subject to anywhere near the same amount of rigorous exploration.
Ausgold holds three other projects in its portfolio: Yamarna and Doolgunna Station in WA and Cracow in Queensland. These projects are all in close proximity to significant mineral discoveries that are either currently supporting mining operations or being developed into a mine and are considered highly prospective.
While progressing the KGP is the Company’s number one priority, Ausgold continues to advance Yamarna, Doolgunna Station and Cracow with low cost, targeted exploration.