Quarterly Activities/Appendix 5B Cash Flow Report

• Early Works Agreement signed with EPC contractor for detailed engineering.
• Construction of Workforce Accommodation Village underway.
• Environmental permitting continues to progress.
• Outstanding drilling results with high gold grades.
• Key leadership appointments made.

Ausgold Ltd. has made substantial advancements on its flagship Katanning Gold Project in Western Australia. Key milestones include the execution of an Early Works Agreement with EPC contractor Lycopodium, initiating detailed engineering and project execution planning. Construction of the Workforce Accommodation Village, essential for the early construction workforce, has commenced under a fixed-price contract with ADD Business Group, with the first modules expected to be operational by November 2026. Environmental permitting has also progressed with all additional information requested by the Western Australian Environmental Protection Authority submitted. Drilling results have been exceptionally positive, with step-out drilling intersecting broad zones of mineralisation beyond the existing Mineral Resource Estimate. Leadership changes include the appointment of Ben Stockdale as CEO, Reece Olney as General Manager Operations, and John Sofield as Project Director.