Wedoany.com Report-Aug. 25, Ausgold has secured 860 hectares of freehold land for its Katanning Gold Project (KGP) in Western Australia, resolving a legal dispute ongoing since August 2023. The land, part of mining license ML70/211, is vital for the project’s development, as outlined in a June feasibility study.

Ausgold is set to commence a multi-rig drilling programme targeting high-grade areas within the land, which were previously inaccessible.

The agreement enables immediate exploration, optimizing the mine plan to extend gold production and reduce costs. Vendors will vacate by February 28, 2027, aligning with mining operations. Ausgold will launch a multi-rig drilling program targeting high-grade zones.

The A$35 million ($22.4 million) deal includes A$15 million in August 2025 and A$20 million by August 2026 or a final investment decision. Ausgold reported A$45 million in cash as of July 31, 2025. John Dorward, executive chairman, stated: “Securing this land is the key de-risking event for the development of the KGP.”

In June, Ausgold signed a farm-in deal with Critica for a nearby exploration license, investing A$610,000 to earn a 70% interest. The acquisition supports sustainable mining and regional economic growth.