• Increased gold production and enhanced financial returns over extended mine life
• Base Case NPV5 post-tax cashflow of A$1.03B with an IRR of 52.4% at A$4,300/oz gold price
• Underwritten A$80m Share Placement and A$10m Share Purchase Plan completed

Ausgold Ltd has delivered an updated Definitive Feasibility Study (DFS Update) for its 100%-owned Katanning Gold Project (KGP) in Western Australia, reflecting a number of project enhancements stemming from the company's pivotal land acquisition in August 2025. The DFS Update outlines a +10-year gold operation capable of delivering exceptional economic and financial returns, underpinned by a 1.33Moz Ore Reserve based on the existing 2.44Moz Mineral Resource Estimate. Key outcomes of the DFS Update include: life-of-mine forecast gold production increased by 82,000oz to 1.22Moz, with average annual gold production of 143kozpa in the first four years; a Base Case NPV5 post-tax cashflow of A$1.03 billion (US$0.67 billion) and an IRR of 52.4% at a A$4,300/oz (US$2,795/oz) gold price; and an NPV5 post-tax cashflow of A$2.30 billion (US$1.55 billion) and IRR of 92% at the then current spot gold price of approximately A$6,400/oz (US$4,300/oz). To support ongoing pre-development activities at Katanning, Ausgold undertook a successful A$90 million capital raising during the quarter, comprising a A$80 million underwritten share placement and a A$10 million share purchase plan. The company is now forging ahead with pre-development activities, including front-end engineering and design, tendering of key contracts and debt financing discussions, whilst also progressing project permitting. Ausgold has also recently commenced a major new round of 44,000m drilling at the KGP and across its regional tenure, with the aim of expanding and upgrading the existing Resource base and making new discoveries.

Life-of-mine forecast gold production of 1.22Moz, with average annual gold production of 143kozpa in the first four years. Base Case NPV5 post-tax cashflow of A$1.03 billion (US$0.67 billion) and an IRR of 52.4% at a A$4,300/oz (US$2,795/oz) gold price.

Ausgold is forging ahead with pre-development activities, including front-end engineering and design, tendering of key contracts and debt financing discussions, whilst also progressing project permitting. The company is also undertaking a major new round of 44,000m drilling at the KGP and across its regional tenure, with the aim of expanding and upgrading the existing Resource base and making new discoveries.