AUSGOLD LTD

Ausgold’s share rose 23.0% to A$1.31 after a takeover offer from OceanaGold Corporation that values Ausgold at about A$776 million. Shareholders would receive 0.03365 OceanaGold shares for each Ausgold share; alternatively they can choose a cash consideration capped at A$194 million. Ausgold’s board unanimously recommended the transaction, and major shareholder Dundee Corporation has already signaled support, strengthening the deal’s prospects. » Más en de.investing.com

After resolving a long-running land-use dispute, Ausgold describes the Katanning project as transformed and development-ready. The updated feasibility study envisages a 10-year mine with about 120,000 ounces annual production (143–145,000 ounces in the first four years) and a capital requirement of AUD 354 million; the company has roughly AUD 90 million in cash. The environmental regulator EPA has released the project for public disclosure (21-day comment period), moving Ausgold toward a final investment decision by the end of 2024. At the same time, intensified drilling is expanding resources, construction of a worker village is underway, and financing proposals from several capital providers have been received. » Más en de.investing.com

Ausgold has announced positive definitive feasibility study results for its Katanning gold project, confirming robust financial returns and a 10-year mine life with 1.14 million ounces of gold. The study supports the project's development readiness, fast payback period, and strong production potential. Ausgold is now advancing engineering, financing, and permitting activities to move the project towards final investment decision. » Más en smallcaps.com.au