Board Change • May 20
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Turner is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 16
Ausgold Limited has completed a Follow-on Equity Offering in the amount of AUD 80 million. Ausgold Limited has completed a Follow-on Equity Offering in the amount of AUD 80 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 62,500,000
Price\Range: AUD 0.8
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,500,000
Price\Range: AUD 0.8
Transaction Features: Subsequent Direct Listing Board Change • Dec 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Turner is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 30
Ausgold Limited, Annual General Meeting, Oct 28, 2025 Ausgold Limited, Annual General Meeting, Oct 28, 2025. Aankondiging • Jul 10
Ausgold Limited has completed a Follow-on Equity Offering in the amount of AUD 35.150001 million. Ausgold Limited has completed a Follow-on Equity Offering in the amount of AUD 35.150001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,403,509
Price\Range: AUD 0.57
Discount Per Security: AUD 0.0285
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 263,159
Price\Range: AUD 0.57
Transaction Features: Subsequent Direct Listing New Risk • Nov 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.9m (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (€92.9m market cap, or US$97.6m). Aankondiging • Oct 04
Ausgold Limited, Annual General Meeting, Nov 26, 2024 Ausgold Limited, Annual General Meeting, Nov 26, 2024. New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €6.35m (US$6.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m (AU$147k revenue, or US$95k). Market cap is less than US$10m (€6.35m market cap, or US$6.93m). New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m (AU$147k revenue, or US$96k). Minor Risk Market cap is less than US$100m (€66.0m market cap, or US$72.0m). New Risk • Jun 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m (AU$147k revenue, or US$97k). Minor Risk Market cap is less than US$100m (€84.7m market cap, or US$91.4m). Aankondiging • May 15
Ausgold Limited announced that it has received AUD 3 million in funding from Arlington Group Asset Management Limited, Dundee Resources Limited Ausgold Limited announced that it has raised AUD 3 million in debt round of funding on May 14, 2024. The transaction included participation from new lender Arlington Group Asset Management Limited for AUD 1 million, returning lender Dundee Resources Limited for AUD 1 million and nominees of SCP Resource Finance LP for AUD 1 million. The company has issued unsecured loan notes and 99,999,999 warrants. Each warrant to purchase one Ausgold share at an exercise price of AUD 0.03 and an expiry date of 30 May 2027 to each of Dundee, Arlington and the nominees of SCP. The notes will have maturity date of 20 August 2024 at an interest rate of 12% per annum. Reported Earnings • Mar 18
First half 2024 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2023) First half 2024 results: AU$0.001 loss per share (in line with 1H 2023). Net loss: AU$1.51m (loss narrowed 49% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Aankondiging • Oct 24
Ausgold Limited Announces Board Changes Ausgold Limited advised that Mr. Geoff Jones has resigned as a non-executive Director and Chairman of the Company, effective immediately to pursue his other business interests. Following Mr. Jones' resignation, Mr. Richard Lockwood, a current non-executive Director, will act as the interim Chairman of the Company. Ausgold will commence an executive search process to recruit a new non-executive Chairman as it continues its transition from explorer to developer at the Katanning Gold Project. Aankondiging • Sep 30
Ausgold Limited, Annual General Meeting, Nov 23, 2023 Ausgold Limited, Annual General Meeting, Nov 23, 2023. Reported Earnings • Sep 28
Full year 2023 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2022) Full year 2023 results: AU$0.002 loss per share (in line with FY 2022). Net loss: AU$5.23m (loss widened 102% from FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Jun 29
Ausgold Limited Announces Resignation of Timothy Kestell as Director Ausgold Limited advised that Mr. Timothy Kestell has resigned from the Board of the Company to pursue other business interests. Mr. Timothy Kestell became a director of Ausgold in 2021 and has provided valuable input and guidance to the Company since that time. New Risk • Jun 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$13m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (AU$30k revenue, or US$21k). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (€70.7m market cap, or US$77.2m). Recent Insider Transactions • Jun 06
Non-Executive Director recently bought €94k worth of stock On the 2nd of June, Richard Lockwood bought around 3m shares on-market at roughly €0.031 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €269k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 16
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2022) First half 2023 results: AU$0.001 loss per share. Net loss: AU$2.94m (loss widened 9.4% from 1H 2022). Aankondiging • Feb 15
Ausgold Limited Provide Initial Results from the Multi-Rig Drilling Program Ausgold Limited provide initial results from the multi-rig drilling program commenced in December 2022 at the Company's 100%-owned 2.16Moz Katanning Gold Project (KGP) in Western Australia. The 25,000m drilling program at KGP is designed to expand Resources and regional exploration, testing numerous targets across the 5,500km2 tenement holding in the South West Yilgarn. Initial program results for reverse circulation (RC) drilling (55 holes for 4,763m) demonstrate the presence of new high-grade zones of mineralisation along strike from and within the Central Zone and Southern Zone Resource areas. Near-surface higher grade gold mineralisation has been intercepted within the Central Zone as part of the current drilling campaign (25 holes for 1,632m). These results continue to add confidence to the KGP Resource and mining model, will contribute towards increasing the average grade of the Resource, and provide high-grade feed within the early stages of the open-pit mining operation. Significant results include: 16m @ 2.42g/t Au from 23m including 10m @ 3.46g/t Au from 23m in BSRC1559; 15m @ 1.43g/t Au from 9m including 4m @ 3.96g/t Au from 17m in BSRC1588; 9m @ 1.58g/t Au from 24m including 6m @ 2.21g/t Au from 24m in BSRC1584. The Southern Zone includes the 227,000-ounce Dingo deposit at its northern end, extending south over 1.8km along strike. New drilling, including 21 widely spaced reconnaissance RC drill holes for 2,172m, has been completed over 4km to the south, along strike from the Dingo Resource. Initial results have identified a zone of higher-grade gold mineralisation 550m south of the Dingo Resource within the Lukin prospect, with significant results including 6m @2.10 g/t Au (including 2m@ 5.67 g/t Au) from 111m in BSRC1542. Recent RC drilling and past AC drilling has demonstrated a broad zone of gold anomalism associated with the mafic granulite rocks in the mine sequence which hosts the KGP. Further drilling is planned to test the continuity and extent of this newly identified high grade gold mineralisation. In addition, a further 45 AC drill holes have been completed at the southern extent of the Southern Zone to determine the potential along strike of this area. Aankondiging • Jan 11
Ausgold Limited Commences Katanning Gold Project DFS Ausgold Limited announced the commencement of its Definitive Feasibility Study (DFS) on the 2.16 Moz Katanning Gold Project (KGP or the Project). Definitive Feasibility Study: A Prefeasibility Study (PFS) was completed and announced on 1 August 2022 highlighting the 2.16 Moz Katanning Gold Project as the undeveloped free milling open cut gold mining project in Western Australia. The PFS outcomes will form the basis for the DFS, which demonstrated: Maiden Probable Ore Reserve of 32Mt @ 1.25g/t gold for 1.28Moz (Inferred Mineral Resource excluded); High 1.47 g/t Au head grade in the initial 6 years of production; Average annual gold production of 105,000 oz for 11 years LOM using simple open cut mining methods; Excellent metallurgical characteristics with gold recoveries over 90%; Project Mineral Resources 56Mt @ 1.21g/t gold for 2.16Moz; Post-tax NPV5 of AUD 364 Million assuming AUD 2,300 gold price; Internal Rate of Return (IRR) of 40.7% post-tax; All-In-Sustaining Cost (AISC) AUD 1,370/oz first six years of production;and Payback period of 1.7 years As a part of the DFS scope, Ausgold has identified a number of opportunities to optimise the planned operation, including a potentially larger project. Lead Engineer, GR Engineering Services Limited (GRES) is engaged on the study, expected to be delivered in Third Quarter CY2023. Geology and Resource: The current drilling programs will extend beyond PFS Resource areas in the Southern and Northern Zones, aiming to expand the Resource and build scale beyond the current Project. A regional exploration program is underway to test a number of targets for gold at Lake Magenta located 140km E of KGP and the Duggan, Stanley and Tamacurring areas, approximately 40km NW of the KGP. In addition, early- stage exploration work is underway to assess lithium potential at several pegmatite occurrences at Lake Magenta and the Kojonup Project. Mining: Mining studies are underway to optimise throughput, mining and processing schedules. Concurrently, pit, waste and haul road designs will be detailed for contractor pricing and mining fleet confirmation. Pit Geotechnical Assessment: The comprehensive pit geotechnical PFS assessment will be continued for the DFS; a data gap analysis was recently completed, and additional laboratory test work on core collected during earlier drilling programs has commenced. Furthermore, additional downhole televiewer surveys on resource definition drill holes will ensue in the first quarter 2023. Metallurgy: Drill core samples were collected across all major ore zones and composited for the DFS metallurgical test work. Comminution test work on the composite samples is complete and gravity and leach recovery test work against targeted processing grind size are nearing completion at ALS Metallurgical Laboratory. Process Design: Comminution modelling based on recent and earlier comminution data, along with throughput and target grind size, has been completed. This modelling was performed to confirm the crushing and grinding circuits proposed in the PFS and provide an optimised mill arrangement. Tailings Storage Facility and Surface Water Management: Tailings physical and geochemical test work were recently completed. Preparation for tailings storage facility site investigation work is underway and will be completed alongside current drill programs. Hydrogeology: Hydrogeological (groundwater) studies have commenced to quantify pit dewatering requirements and identify adequate water supply for the operation. Groundwater exploration drilling, with production and monitoring bore installations, is scheduled to commence in February 2023. Following installation, production bores will be tested to support numerical modelling of groundwater yield. Power Supply: A grid connection and capacity study is underway with Western Power which will also provide preliminary designs and cost estimates. In addition, on site renewable energy infrastructure is being assessed. Accommodation: Ausgold has been in discussion with the local councils and businesses to assess availability of accommodation in the region. Development sites for accommodation were identified and concept accommodation designs are underway. Environmental Studies: Mine waste characterisation studies are progressing with sampling complete and submitted for assay. Furthermore, noise screening desktop assessment and, Scope 1 and Scope 2 Greenhouse Gas Emissions assessment have commenced. Spring flora and fauna surveys over the Project area were largely completed, leading into on- going, seasonal, baseline biological surveys, contributing to the environmental impact assessment. Community and Stakeholder Engagement: Ausgold has joined the Katanning Regional Business Group to promote stakeholder engagement and identify local businesses that may be involved in the project development and operations. Ausgold also recently presented at the Katanning Agricultural Show, providing an opportunity to discuss the results of the PFS, and provide a vision of the size and scale of the proposed mining operations. Attendees at the show were invited to complete a simple survey on their impressions of gold mining operation in proximity to their community and the response was generally positive. Ausgold intends to build upon this survey to substantiate the stakeholder engagement program as part of the approvals process. Recent Insider Transactions • Dec 17
Non-Executive Chairman recently bought €77k worth of stock On the 14th of December, Richard Lockwood bought around 3m shares on-market at roughly €0.031 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Richard has been a buyer over the last 12 months, purchasing a net total of €169k worth in shares. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non Executive Director Neil Fearis was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 14
Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.002 loss per share (improved from AU$0.003 loss in FY 2021). Net loss: AU$2.59m (loss narrowed 26% from FY 2021). Recent Insider Transactions • Aug 17
Non-Executive Chairman recently bought €91k worth of stock On the 11th of August, Richard Lockwood bought around 3m shares on-market at roughly €0.037 per share. This was the largest purchase by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non Executive Director Neil Fearis was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 22
Non-Executive Director recently bought €63k worth of stock On the 16th of March, Geoffrey Jones bought around 2m shares on-market at roughly €0.031 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €109k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 17
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.002 loss per share (down from AU$0.001 loss in 1H 2021). Net loss: AU$2.69m (loss widened 91% from 1H 2021). Revenue was in line with analyst estimates. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in FY 2020) Full year 2021 results: Net loss: AU$3.51m (loss widened 93% from FY 2020). Reported Earnings • Mar 14
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$1.41m (loss widened 15% from 1H 2020). Reported Earnings • Oct 03
Full year earnings released - €0.0019 loss per share Over the last 12 months the company has reported total losses of AU$1.82m, with losses widening by 2.2% from the prior year.