AUSGOLD LIMITED (AUC)
Share Price Analysis and Chart

17/06/2026

1

Buy

$3.45

292.05%

Canaccord Genuity maintains a Speculative Buy rating for Ausgold with a $3.45 target price following high-grade extensional and infill drilling results at the Katanning Gold Project.

Operational intercepts within the Central and Northern Zones demonstrated excellent grade reconciliation, with 80% of infill data returning higher grades than the underlying mineral resource model.

The analyst notes an additional 25,000m drilling campaign is being prepared to further de-risk the first two years of the open-pit mine plan.

Deep diamond drilling down-plunge of the current Datatine deposit uncovered deep extension potential, prompting underground mining studies to assess an optimized standalone processing scenario.

The broker-modeled mining scenario outlines an average annual production profile of 116koz over a ten-and-a-half-year life of mine with an upfront capital expenditure of -$390m.