• Ausgold to acquire ~240 hectares of freehold land for Katanning Gold Project
• Land includes ~50 hectares of existing mining lease, providing additional buffer area
• Acquisition allows for potential expansion of Dingo Resource and Reserve

Ausgold Limited (ASX: AUC) is pleased to announce that it has signed a binding agreement to acquire an additional parcel of freehold land which is required for the development of its 100%-owned Katanning Gold Project (KGP), located 275km south-east of Perth in Western Australia. Under the terms of the agreement, Ausgold will acquire approximately 240 hectares of freehold land that forms a material portion of the proposed development footprint for the KGP. The land includes approximately 50 hectares of Ausgold's existing Mining Licence ML70/210, as well as a substantial additional buffer area around the mining lease. This will allow for the potential growth of the Dingo Resource and Reserve, outside of the current mining lease, beyond what was included in the Definitive Feasibility Study delivered in June 2025. Securing this additional land is seen as a key de-risking event for the development of the KGP, as land access issues have historically impaired the project's progress. Ausgold is now able to progress with determining the full potential of this emerging gold district. The company is also undertaking a further optimisation of the DFS mine plan, with the goal of adding additional life-of-mine gold production and reducing mining costs. Additionally, Ausgold will commence a multi-rig drilling program in late-October, targeting key areas for resource expansion.

Ausgold is focused on optimizing the Definitive Feasibility Study for the Katanning Gold Project, including adding additional life-of-mine gold production and reducing mining costs. The company will also commence a new drilling program to target resource expansion opportunities.