Ausgold Limited
Ausgold's 100%-owned Katanning Gold Project in Western Australia's wheatbelt region has a completed and updated Definitive Feasibility Study outlining a roughly 1.33-million-ounce ore reserve, a 10-year mine life, and average production of approximately 143,000 ounces per year over its first four years, with a final investment decision targeted around the end of 2026.
Lifecycle Milestones
Not in place: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Western Australia: Fraser PPI 2025 is 88.53 of 100 (rank 13 of 68), which maps to 9 on this site's scale. Western Australia, Australia — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)2.9/10
No confirmed mill, confirmed road access, no confirmed grid power, and no confirmed tailings facility at Katanning Gold Project, Western Australia.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Boddington (Newmont Corporation), 170 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:1/10
Nearest producing mine: Boddington (Newmont Corporation), 170 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:10/10
Stage: Feasibility Study
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chief Executive Officer and Co-Company Secretary of Ausgold Limited. Finance and commercial executive experienced in project and corporate financings, M&A and metals marketing; most recently CFO of ASX-listed Sunrise Energy Metals.
Chief Operating Officer of Ausgold Limited. Chemical engineer with senior roles at Merdeka Battery Materials (nickel), plus gold experience at Newcrest and roles at Mount Gibson Iron, Mineral Resources and Ambatovy Nickel.
Co-Company Secretary of Ausgold Limited. Lawyer and governance professional with company-secretarial experience for ASX-listed entities, currently with Vistra Australia.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Ausgold's register was unusually concentrated in resource money, but that has changed: Jupiter Asset Management, once the largest specialist holder at about 12.7%, sold its entire position and ceased to be a substantial holder as of 18 September 2026. Dundee Corporation, a resource-focused investment corporation, still retains about 10.9%. Franklin Gold and Precious Metals Fund, a dedicated sector fund, holds a further 2.95%. Non-executive director Paul Weedon bought 24,439 shares on-market at A$0.80 in December 2025.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Ausgold is developing the 100%-owned Katanning gold project in Western Australia's wheatbelt region, with a final investment decision targeted for around the end of 2026. Katanning holds 2,224,000 oz of gold in measured and indicated resources plus 219,000 oz inferred (effective 30 June 2025), and its ore reserve is about 1.25 Moz. The updated definitive feasibility study of December 2025 shows a post-tax NPV5% of US$668M (AUD 1,028M) and a 52.4% IRR at a gold price of US$2,795/oz (AUD 4,300/oz), with pre-production capital of US$230M (AUD 354M), a 10.3-year mine life, average production of about 143,000 oz a year over the first four years and an all-in sustaining cost of US$1,464/oz (AUD 2,252/oz).
Appendix 5B: item 3.5 'Proceeds from borrowings' nil both periods; item 3.6 'Repayment of borrowings' negligible ($8K/$16K); item 7.1 'Loan facilities' reports nil amount available and nil amount used. Cash of $75,603,000 at quarter end.