• 44,000m RC and diamond drilling program to grow 2.44Moz resource
• Targeting high-grade down-plunge extensions and regional discoveries
• Backed by $360,000 in EIS grants to test high-priority targets

Ausgold Ltd has announced the commencement of an expansive 44,000m Reverse Circulation (RC) and diamond (DD) drilling campaign at its 100%-owned Katanning Gold Project (KGP) and across its 3,000km2 of regional tenure in south-west Western Australia. The program represents the next important phase of Ausgold's growth strategy, designed to deliver continued resource growth while also infilling the project ahead of a Final Investment Decision targeted for mid-2026. The first RC rig has commenced a 32,000m program focused on growing the KGP's 2.44Moz Mineral Resource and extending recent close-spaced drilling to underwrite early-stage mining areas through targeted in-fill drilling across the Central and Southern Zones. A second RC rig will be added in November, with a diamond rig scheduled to mobilise in January 2026 to support deeper drilling and metallurgical testwork. Ausgold has also been awarded EIS grants totalling $360,000 to co-fund drilling programs targeting high-grade down-plunge extensions within the Central Zone and deep extensions at the high-grade Datatine Prospect. Additionally, a 12,000m regional drilling program is planned to test three high-priority targets, ranging from undrilled geochemical anomalies through to defining Ausgold's first satellite resource to complement the KGP.

The expansive 44,000m drilling campaign represents an exciting next phase in Ausgold's strategy to grow the existing 2.4 million ounce resource base at Katanning, with newly-acquired freehold land opening up opportunities to extend the known mineralisation at depth. The program will also advance high-priority regional targets with strong potential to deliver satellite deposits to support mine life extensions.