• Assay results from first 11 RC drill holes for 1,581m in Central Zone
• Step-out drilling delivers high-grade mineralisation beyond current Mineral Resource
• In-fill drilling confirms continuity of deposit and potential for local grade uplift

Ausgold Ltd has reported initial assay results from the ongoing 44,000m reverse circulation (RC) and diamond drilling (DD) campaign at its 100%-owned Katanning Gold Project (KGP) in Western Australia. The results are from the first 11 RC drill holes for 1,581m in the Central Zone of the project, which contains 90% of the total Mineral Resource. The drilling results confirm the strong growth potential of the KGP, with step-out holes delivering high-grade mineralisation beyond the current Mineral Resource, including 14m @ 6.18g/t Au from 181m and 10m @ 2.27g/t Au from 150m. In-fill drilling within the current Resource has also returned assay results that are consistently higher than modelled grades, confirming the continuity of the deposit and highlighting the potential for local grade enhancements. The Company is progressing the 44,000m drilling program, which is targeting both Resource growth and confirming early mine life. The results demonstrate the scale and grade upside opportunities at the Central Zone, which is the primary value driver for the KGP.

Ausgold expects to release further RC drilling results from the KGP, including from down-dip and down-plunge extensions, in Q4 2025 and Q1 2026. The Company also plans to commence diamond drilling targeted at highlighting underground potential in the Central and Northern Zones.