Ausgold Secures AU$35 million to Fast-Track Katanning Gold Project Development

Ausgold Limited (ASX: AUC) has successfully raised AU$35 million through a share placement priced at AU$0.57 per share, attracting strong interest from both domestic and international institutional investors. This capital raise aims to expedite the development of the Katanning Gold Project (KGP) in Western Australia, following the successful completion of its Definitive Feasibility Study. The funds will support land acquisition, exploration drilling, early procurement of long lead-time items, and general working capital needs. Directors Paul Weedon and John Dorward also committed AU$150,000 collectively, pending shareholder approval. Notably, Dundee Corporation participated with an AU$2 million investment, pending regulatory clearance. The share issue involved 61.4 million new shares under ASX Listing Rules 7.1 and 7.1A, with settlement and trading scheduled for mid-July 2025. The placement was jointly managed by SCP Resource Finance and Euroz Hartleys, with Canaccord Genuity as co-manager

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