Ausgold (ASX AUC), Research and Coverage

Ausgold Ltd (ASX: AUC). Ausgold is a gold development company in Western Australia. It has never produced gold, so the money it spends comes from shareholders rather than from sales. Its single asset of substance is the Katanning Gold Project, about 280 kilometres south-east of Perth. Katanning has been through a definitive feasibility study and has most of its approvals, but no final investment decision has been taken, which is the board resolution that commits the money to build a mine. On 17 August 2026 Ausgold signed a Scheme Implementation Deed with OceanaGold Corporation for OceanaGold to acquire 100 per cent of Ausgold, with implementation expected in December 2026, so Ausgold is unlikely to be a separately listed company by the end of 2026.