Ausgold seeks approval for capital raise, grants for chairman

Ausgold Limited will hold an Extraordinary General Meeting (EGM) on Monday, 12 January 2026, to ratify a prior share issue and approve additional share placements. The company is seeking ratification for 62,500,000 shares already issued under Tranche 1 of a placement, raising A$50 million at A$0.80 per share. These funds are designated for accelerating the Katanning Gold Project towards a final investment decision, including workforce accommodation, long-lead item deposits, and regional exploration.

Shareholders will also vote on approving the issuance of an additional 37,500,000 shares under Tranche 2 of the placement, aiming to raise another A$30 million at the same price of A$0.80 per share. If approved, these funds will further support the Katanning Gold Project and general working capital.

A third resolution involves seeking approval to grant 768,750 Performance Rights to executive chairman, Mr John Dorward, under the Company's Employee Incentive Plan. These Performance Rights are valued at A$0.7032 each, are subject to vesting conditions linked to the company's Total Shareholder Return (TSR) performance, and will expire three years from the grant date.