• Assay results received from 79 RC drill holes for 11,369m from the Central and Southern Zones, with broad and high-grade intercepts
• Metallurgical diamond drilling confirms locally higher grades than previously interpreted
• Resource extension drilling in the Southern Zone delivers broad zones of significant mineralisation beyond the limits of the existing 2.44Moz Mineral Resource

Ausgold Limited (ASX: AUC) is pleased to report assay results from extensional and in-fill drilling within the Central and Southern Zones at its 100%-owned Katanning Gold Project (KGP) in WA, part of the newly expanded 54,000m Reverse Circulation (RC) and diamond drilling (DD) campaign. The drilling campaign is targeting resource growth at the KGP, supporting future reserve conversion, improving confidence in early mine life areas, as well as targeting new discoveries across the Company's 3,000km2 of regional tenure. The results from the Central Zone include broad and high-grade intercepts from resource extension and in-fill drilling, as well as significant positive grade reconciliations from metallurgical diamond drilling. In the Southern Zone, resource extension drilling has delivered broad zones of significant mineralisation beyond the limits of the existing 2.44Moz Mineral Resource. Based on the success to date, the program has been expanded to 54,000m, with an additional diamond rig mobilising to site to accelerate drilling at Datatine and Jinkas Deeps. The expanded drill program and results will contribute to an updated KGP Mineral Resource Estimate in Q3 2026.

The expanded 54,000m drill program and results will contribute to an updated KGP Mineral Resource Estimate in Q3 2026. Drilling to extend the primary Jinkas lode down-plunge is now underway, and RC drilling at regional targets, including Nanicup Bridge and Kulin, will commence in March, expanding the Company's growth focus beyond the current Mineral Resource footprint.