• Ausgold to acquire 860 hectares of freehold land critical for Katanning Gold Project
• Acquisition clears way for new multi-rig drill program and DFS re-optimisation
• Land includes 212 hectares of existing mining licence, hosting material portion of mineral resource

Ausgold Limited (ASX: AUC) has signed a binding agreement to acquire approximately 860 hectares of freehold land that is critical to the development of its 100%-owned Katanning Gold Project (KGP) in Western Australia. The acquired land includes 212 hectares of Ausgold's existing Mining Licence ML70/211, which was the subject of previous legal disputes. This acquisition eliminates the need for these legal proceedings and brings to an end the dispute that had been ongoing since August 2023. The land being acquired hosts a material proportion of the KGP's Mineral Resource and open pit mineable gold ounces, as detailed in the Definitive Feasibility Study (DFS) delivered in June 2025. With this expanded tenure position, Ausgold will now undertake a further optimisation of the DFS mine plan, with the goal of adding additional life-of-mine gold production from areas of the Central Zone that were previously excluded due to tenure constraints, as well as reducing mining costs. The agreement also provides Ausgold with immediate access to the land for exploration, enabling the company to commence a multi-rig drilling program targeting down-plunge extensions of the high-grade Central Zone ore shoots and the White Dam lode. This transformative land acquisition is a key de-risking event for the development of the Katanning Gold Project, and Ausgold expects to be able to deliver material enhancements to the existing project as it progresses towards a Final Investment Decision.

Ausgold expects to be able to deliver material enhancements to the existing Katanning Gold Project as it progresses its permitting and financing activities towards a Final Investment Decision.