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Ausgold Ltd www.ausgoldlimited.com

Ausgold (ASX:AUC) is listed on the Australian Securities Exchange.

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Ausgold Limited to raise cash for Katanning Gold

Friday, February 26, 2016 by Proactive Investors

Ausgold Limited is focused on its Katanning Gold project

Ausgold Limited is focused on its Katanning Gold project

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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