• Deep drilling confirms significant down-plunge growth potential
• Assays pending for a second deep diamond hole
• Ongoing in-fill drilling program to support reserve conversion
• Updated Mineral Resource Estimate expected in Q4 2026

Ausgold Ltd has announced promising results from its ongoing drilling program at the Katanning Gold Project in Western Australia. The program has confirmed significant down-plunge growth potential, with assays received from a deep diamond hole intersecting 13.8m at 0.48g/t Au, approximately 300m down-plunge of the current Open Pit Mineral Resource. Assays are pending for a second deep diamond hole drilled ~550m down-plunge. The results will be integrated with ongoing down-hole electromagnetic surveys to guide further drilling. Additionally, the in-fill drilling program is designed to reduce drill spacing within the first two years of planned mine life, supporting Reserve conversion and increasing confidence in the geological mineralisation model.

Updated Mineral Resource Estimate expected in Q4 2026

Ausgold is optimistic about the potential for further growth at the Katanning Gold Project, with ongoing exploration and drilling expected to provide more insights into the project's potential.