• Ausgold Ltd successfully completed its Share Purchase Plan (SPP)
• The SPP raised approximately $15.3 million, exceeding the $10 million target
• Due to high demand, applications were scaled back with all eligible applicants receiving 65.17% of their requested SPP Shares

Ausgold Limited (ASX: AUC) has announced the successful completion of its Share Purchase Plan (SPP). The SPP provided eligible shareholders the opportunity to subscribe for up to $30,000 of SPP Shares on the same price and terms as those offered to Placement participants under the Placement announced by the Company on 19 November 2025. The Company was targeting to raise a maximum of $10 million (before costs) under the SPP and received applications of approximately $15.3 million. Given the level of interest in the SPP, the Board was required to scale-back applications and has done so on the basis that all eligible applicants will receive 65.17% of the SPP Shares that they applied for. Following the scale-back, a total of 12,500,000 new SPP Shares are expected to be issued on 23 December 2025. The combined funds raised under the Placement and the SPP -- $90 million in total (before costs) -- will primarily be used to towards the development of the Katanning Gold Project including construction of a workforce accommodation facility, land acquisition payments, further exploration and general working capital.