Ausgold raises A$12 million to continue expansion and development of its 2.16Moz Katanning Gold Project

Argonaut acted as Joint Lead Manager to the A$12.0 million Placement of Ausgold Limited (ASX:AUC) (Ausgold) to continue expansion and development of its 2.16Moz Katanning Gold Project. Funds raised will be used substantially for resource expansion drilling and regional exploration, completion of a definitive feasibility study, advancement of a scoping study for increased plant throughput, as well as property acquisitions.

The Placement was cornerstoned by leading international and domestic investors including Dundee Corporation and Jupiter Asset Management.

Argonaut is delighted to support Ausgold and looks forward to the Company’s ongoing success.

Additional information regarding Ausgold can be found on the Company’s website at https://ausgoldlimited.com/