Ausgold Limited (ASX:AUC) is focused on its Katanning Gold project in Western Australia, which hosts a +1 million gold ounce resource on a potential 2000 square kilometre landholding.
Recent results have been impressive.
These include: 20 metres at 7.64g/t gold from 96 metres; and 26 metres at 5.18g/t gold from 49 metres.
Scopy study details include: LOM C1 Cash Costs A$957 per oz (A$879 per oz @ Jinkas); LOM ASIC A$1,116per oz; 4 year LOM producing 212Koz; and Infrastructure capital $45M including a 1Mtpa on site plant.
Ausgold is now heading to market with a capital raising.
The halt will remain in place until the opening of trade on Tuesday 1st march 2016, or earlier if an announcement is made to the market.
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