Ausgold
Ausgold is a Perth-based, ASX-listed (AUC) pre-production gold developer advancing the 100%-owned Katanning Gold Project in Western Australia toward first production in late CY2027, targeting 1.14Moz over a 10-year mine life underpinned by a 1.25Moz Ore Reserve and a A$355M initial CapEx.
- Company typePublic
- Founded2009
- HeadquartersPerth, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ausgold does
Ausgold Limited (ASX: AUC; FRA: AU4) is a Perth-based, pre-production gold exploration and development company whose principal asset is the 100%-owned Katanning Gold Project (KGP), located 275km south-east of Perth and 40km north-east of Katanning in the south-west Yilgarn Craton of Western Australia. The company's core deliverable is a conventional open-pit mining operation feeding a 3.6Mtpa Carbon-in-Leach processing plant designed to achieve 90.4% metallurgical recovery, producing gold doré that will be transported to offsite third-party refineries for further processing before sale into global commodity markets.
The project is anchored by a 2.44Moz Mineral Resource at 1.11g/t Au (91% in the Measured & Indicated categories) and a 1.25Moz Ore Reserve (84% Proven), supporting a 10-year mine life with forecast production of 1.14Moz, including an average of 140,200 ounces per annum in the first four years. The Definitive Feasibility Study released in June 2025 reported post-tax NPV5 of A$954M and an IRR of 53% at a A$4,300/oz gold price, with initial CapEx of A$355M and AISC of A$2,180/oz over the first four years. First gold production is targeted for late CY2027. The company also holds a >3,000km2 regional exploration footprint across the Southwest and Youanmi Terranes, where 13 new high-priority gold targets have been identified to support longer-term resource growth.
Ausgold is pre-revenue and is funded primarily through equity placements on the ASX, including a A$80M placement announced in November 2025. Its go-to-market motion is not software-style sales but rather the standard mining-development pathway: securing offtake and project financing, obtaining remaining permits and land access, awarding construction contracts and ultimately selling unrefined gold doré to refineries. The current organisation is small (11–50 corporate employees, scaling to roughly 350 during construction and ~150 full-time during operations), with leadership drawn from operators that have previously taken gold projects from feasibility into production, most notably former Roxgold CEO John Dorward as Executive Chairman.
Ausgold firmographics
Firmographics- Name
- Ausgold
- Legal name
- Ausgold Limited
- Website
- https://ausgoldlimited.com
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ausgold is a Perth-based, ASX-listed (AUC) pre-production gold developer advancing the 100%-owned Katanning Gold Project in Western Australia toward first production in late CY2027, targeting 1.14Moz over a 10-year mine life underpinned by a 1.25Moz Ore Reserve and a A$355M initial CapEx.
- Ownership category
- akta.pro rank
Ausgold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Ausgold is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Ausgold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure
Revenue model
- Gold Production and Sales: Pre-revenue mining company targeting first gold production in late CY2027. Revenue will be generated from the sale of gold doré produced at the Katanning Gold Project. The Definitive Feasibility Study projects post-tax cashflow of A$1.37B at A$4,300/oz gold price, with initial 4 years delivering average 140,200oz p.a. and life-of-mine production of 1.14Moz over 10 years.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Ausgold product offering
Product offeringCore offering
Ausgold is a pre-production gold exploration and development company advancing the 100%-owned Katanning Gold Project in Western Australia. The project is a large open-pit gold mine development with a Definitive Feasibility Study (June 2025) confirming production of 1.14 million ounces of gold over a 10-year mine life, using conventional open-pit mining and a 3.6Mtpa Carbon-in-Leach processing plant. The company also holds more than 3,000km² of regional exploration tenure in the Yilgarn Craton.
Product overview
Ausgold Limited is a gold exploration and development company with a focused portfolio of assets in Western Australia. The company's primary offering is the 100%-owned Katanning Gold Project, a substantial open-pit gold mine development with confirmed reserves of 1.25Moz at 1.11g/t Au. The portfolio includes the Katanning Gold Project itself (the flagship development) and the broader Katanning Regional Exploration tenure covering 3,000km2. Gold doré produced from the mine will be transported to offsite third-party refineries for processing.
Differentiator
Problem solved
Functional benefit
Products and services
- Katanning Gold Project A 100%-owned open-pit gold mine development located 275km south-east of Perth and 40km north-east of Katanning in Western Australia, with a Definitive Feasibility Study confirming production of 1.14 million ounces of gold over a 10-year mine life, supported by a 3.6Mtpa Carbon-in-Leach processing plant achieving 90.4% metallurgical recovery. First production is targeted for late CY2027.
- Katanning Regional Exploration Exploration tenure covering more than 3,000km² across two geological terranes (Southwest and Youanmi Terranes) within the Yilgarn Craton, targeting new gold discoveries through the mineral systems approach with 13 new high-priority gold targets identified.
- Gold Doré Production Gold doré produced from the Katanning Gold Project, with average 90.4% metallurgical recovery, targeting 140,200oz per annum in the initial four years and 113.7koz per annum life-of-mine average over 10 years. Doré to be transported to offsite third-party refineries for further processing before sale into global commodity markets.
Quantifiable outcome
- 53% IRR with 13-month payback at A$4,300/oz gold price
- +3 more outcomes
Companies that use Ausgold
Customer profileSegments1 record
Ideal customer profiles2 records
Ausgold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Ausgold partnerships and signals
Strategic signalScale indicators13 records
Recent moves6 records
Expansion highlights5 records
Ausgold competitors and assessment
Company assessmentDirect peers
- Capricorn Metals: ASX-listed Australian mid-tier gold developer/producer that transitioned from developer to producer in recent years; highly comparable to Ausgold in terms of Australian gold development project pipeline and single-asset focus.
- Calidus Resources: ASX-listed gold developer focused on the Warrawoona Gold Project in WA's Pilbara — a directly comparable pre-production/early-production WA gold developer of similar size and stage.
- Westgold Resources: ASX-listed gold producer/developer with a portfolio of Western Australian assets; comparable to Ausgold in geography, mining method and target production scale.
- Black Cat Syndicate: ASX-listed gold developer advancing multiple WA gold projects toward production; peers to Ausgold as a fellow pre-production developer in the same WA gold belt.
- Pantoro Limited: ASX-listed gold producer/developer with WA gold assets (Norseman); directly comparable scale and development-stage profile to Ausgold.
- Silver Lake Resources: ASX-listed gold producer with WA operations including the Mt Monger and Deflector projects; comparable in WA gold mining method, jurisdiction and scale.
- Tribune Resources: ASX-listed gold producer with WA and West African assets; comparable open-pit/underground WA gold operations profile to Ausgold's target.
Broad incumbents
- Ramelius Resources: Established ASX-listed mid-tier gold producer with multiple operations in Western Australia; reflects the operator archetype that Ausgold aspires to become once Katanning is in production.
- Evolution Mining: Large ASX-listed gold producer with major WA operations; comparable as the broader incumbent mid-tier Australian gold producer that Ausgold aims to join.
- Northern Star Resources: Major ASX-listed gold producer with large WA operations (Kalgoorlie, Jundee, Yandal); representative of the broader incumbent Australian gold producer universe that defines Ausgold's competitive benchmark.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ausgold social profiles
Digital presenceAusgold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ausgold leadership team
Management profileNumber of profiles
Profiles8 records
Ausgold funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ausgold M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ausgold
What does Ausgold do?
Ausgold is a pre-production gold exploration and development company advancing the 100%-owned Katanning Gold Project in Western Australia. The project is a large open-pit gold mine development with a Definitive Feasibility Study (June 2025) confirming production of 1.14 million ounces of gold over a 10-year mine life, using conventional open-pit mining and a 3.6Mtpa Carbon-in-Leach processing plant. The company also holds more than 3,000km² of regional exploration tenure in the Yilgarn Craton.
Is Ausgold a public or private company?
Ausgold is a public company. It is classified as public and is currently operating.
When was Ausgold founded?
Ausgold was founded in 2009. It employs 11 to 50 people.
Where is Ausgold based?
Ausgold is headquartered in Perth, Australia, in the Oceania region.
How does Ausgold make money?
One revenue line is on record: gold Production and Sales.
Who are Ausgold's main competitors?
Direct peers on record are Capricorn Metals, Calidus Resources, Westgold Resources, Black Cat Syndicate, Pantoro Limited, Silver Lake Resources and Tribune Resources. Broad incumbents are Ramelius Resources, Evolution Mining and Northern Star Resources.
Does Ausgold have an API?
No public API is recorded for Ausgold.
What industry is Ausgold in?
Ausgold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 21222 and its SIC code is 1040.