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- Last 2026-11-06
- A$1.295
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$714.6M
- EV
- A$674.1M
- Cash
- A$42M
- Debt
- A$0
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Sign in or enter a guest codeAnnouncements
Latest 12 of 10All sources ▸- Notification regarding unquoted securities - AUCGovernance
- Quarterly Activities/Appendix 5B Cash Flow ReportFinancing
- 2026 Annual ReportResults
- OceanaGold Announces Acquisition of AusgoldTransaction
- OceanaGold Agrees to Acquire AusgoldTransaction
- OceanaGold Acquisition of Ausgold - PresentationTransaction
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Updated Definitive Feasibility StudyStudy
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| late November 2026 (company guided) | Scheme meeting: Ausgold shareholder vote (75% of votes cast, majority by number) | Corporate Action | Company Guided | High | Approval unlocks completion; failure reverts the company to a stand-alone funding case with the A$20M facility repayable. |
| expected December 2026 (company guided) | Scheme implementation and completion (OceanaGold) | Transaction | Company Guided | High | Completion converts shares into OceanaGold scrip or cash; OceanaGold also said it would update the market on its development plan at closing. |
| January 2027 (inferred from the usual reporting cycle) | December 2026 quarterly activities and cash report | Results | Inferred | Medium | Shows cash burn after the scheme vote and whether Facility 2 has been drawn. |
| February 2027 (company guided) | Workforce accommodation village handover (ADD Group) | Construction Or Commissioning | Company Guided | Medium | A visible construction milestone; the village is a pre-FID commitment of the stand-alone plan. |
| February 2027 (inferred from the annual cycle) | Half-year financial report to 31 December 2026 | Results | Inferred | Medium | First audited-review cash and liability update after the 30 June 2026 balance date. |
| after the response to submissions is lodged; no date given | WA EPA assessment after the response to submissions on the environmental review | Permitting | Company Guided | High | A formal EPA assessment is the main permitting step left before construction approvals. |
Executive roster
As of 2026-10-14Background checks ▸Executives named in the 2026 annual report and the 5B reports; biographies and descriptions from the local management assessment, cross-checked against issuer statements. Non-executive directors (Goldstone, Turner, Weedon) are excluded by rule. Coverage is partial because not every senior manager is named in the documents read.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| John Dorward | Executive Chairman | Executive Director · Other | — | 2026 Annual Report · Local management assessment for AUC (summary.md, research product) |
| Ben Stockdale | Chief Executive Officer · Co-Company Secretary | Chief Executive · Company Secretary | 2026-05-14 | 2026 Annual Report · Local management assessment for AUC (summary.md, research product) |
| Tammie Dixon | Chief Financial Officer | Finance | 2026-07-21 | Quarterly Activities/Appendix 5B Cash Flow Report · 2026 Annual Report |
| Mark Mitchell | Chief Operating Officer | Operations | — | 2026 Annual Report · Local management assessment for AUC (summary.md, research product) |
| Reece Olney | General Manager Operations | Operations | — | Local management assessment for AUC (summary.md, research product) |
| John Sofield | Project Director | Senior Management | — | Local management assessment for AUC (summary.md, research product) |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Katanning Gold Project
AU
DFS Unfunded Developer100% ownedGold
Pre-development: FID not made (the 2026 target is withdrawn); granted mining leases over the full footprint (July 2026); WA EPA authorised the environmental review for public release, response to submissions pending; subject to OceanaGold scheme
- Study
- Updated DFS, Dec 2025 (life-of-mine case)
- Post-tax NPV (study prices, attributable)
- A$1.0bd
- NPV restated at our deck (attributable)
- Locked
- IRR
- 5,240.0%
- Initial capex (100%)
- A$354.0m
- Capital intensity
- A$2,990/(oz/yr)d
- LoM AISC
- A$2,252/oz
- Mine life
- 10.3 yrs
Project location
Site imagery
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVA$1B5% discount
IRR52.4%Published return
Initial capexA$354MPublished capital estimate
Post-tax, real, ungeared NPV5 at A$4,300/oz (AUD/USD 0.65), 30% tax, 2.5% WA royalty, life of mine from 2028 first gold on the study timeline.
Resources & reserves7
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 41.6 Mt | 1.14 g/t Au | Gold | 2025-06-30 |
| Mineral Resource | Indicated | 21.2 Mt | 1.02 g/t Au | Gold | 2025-06-30 |
| Mineral Resource | Inferred | 5.9 Mt | 1.16 g/t Au | Gold | 2025-06-30 |
| Mineral Resource | Total | 68.6 Mt | 1.11 g/t Au | Gold | 2025-06-30 |
| Ore Reserve | Proved | 30.3 Mt | 1.14 g/t Au (Central 1.14, South 0.97) | Gold | 2025-12-16 |
| Ore Reserve | Probable | 7.1 Mt | 0.97 g/t Au (weighted) | Gold | 2025-12-16 |
| Ore Reserve | Total | 37.4 Mt | 1.11 g/t Au | Gold | 2025-12-16 |
Tenements4
Milestones4
- Workforce accommodation village handover by ADD Group
Pending · Low materiality
- Scheme implementation expected (OceanaGold completion)
Pending · High materiality
- Final investment decision (no longer targeted for 2026)
Delayed · High materiality
- First gold production (OceanaGold timing)
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| WA EPA environmental review: authorised for public release July 2026, response to submissions required | Western Australia | Pending | — | Yes |
| Mining leases over the full development footprint | Western Australia | Granted | — | No |
Economic studies2
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Updated Definitive Feasibility Study (December 2025) | Updated Feasibility | Current | 2025-12-16 | Open-pit, 3.6 Mtpa CIL plant; life of mine 10.3 years; 1.22 Moz recovered (90.4% recovery); pre-production capital A$354M incl. contingency; AISC A$2,252/oz life of mine; post-tax NPV5 (real, 5%) A$1,028M and IRR 52.4% at A$4,300/oz. |
| Definitive Feasibility Study (June 2025) | DFS | Superseded | 2025-06-30 | Superseded: post-tax NPV5 A$954M, IRR 53.2%, pre-production capital A$355M, life of mine 9.7 years (comparative column of the December 2025 study). |
Other
Katanning regional tenements (100%)
AU
Early Explorer100% ownedGold
Exploration licences over about 3,000 km2 of the Katanning Greenstone Belt; no resource or economic study
- Ownership
- 10,000.0%
- Commodity
- Aur
- Country
- AUr
- Best recent intercept (grade x width)
- 21.1 g/t.md
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Cash covers the current burn for about two and a half quarters only. The A$20M facility is unsecured, 12% on the second tranche, and drawable for working capital only after the scheme vote. A final investment decision would need roughly A$300M of new capital unless OceanaGold completes the scheme, which is why the stand-alone case in the valuation carries a dilution assumption.
Capital structure
Ownership and dilution
- Ordinary shares
- 551.8M
- Fully diluted
- 572.7M
Ordinary shares rose from 547,859,741 at 30 June 2026 (annual report note 17) to 551,838,466 at 30 September 2026 (5B), an increase of 3,978,725. The 6,000,004 warrants are the 8,000,004 options at 30 June 2026 less about 2,000,000 options exercised in the September quarter (A$0.8M proceeds, 5B item 3.3). No new shares were recorded in the October 2026 notices; the 799,500 rights of 13 October are rights, not shares. Fully diluted = 551,838,466 + 6,000,004 + 14,040,489 + 799,500 = 572,678,459. The scheme's own fully diluted value (A$776M at A$1.36) implies about 570.6M shares, consistent with this count.
Security classes4
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Fully paid ordinary shares on issue at 30 September 2026 | Ordinary Share | 551.8M | — | — |
| Unlisted warrants, A$0.30 strike, expiring 30 May 2027 | Option | 6M | A$0.3 | 2027-05-30 |
| Performance rights outstanding at 30 September 2026 | Performance Right | 14M | — | — |
| Performance rights issued 13 October 2026 to John Dorward (employee incentive plan) | Performance Right | 799.5K | — | — |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY2025 (actual)A | FY2026 (actual)A |
|---|---|---|---|---|
| Operations | ||||
| Gold production (recovered, calendarised) | oz | 0.00 | 0.00 | |
| Profit and loss | ||||
| Revenue (gross, payable-adjusted; royalty in operating costs) | AUDm | 0.0 | 0.0 | |
| Operating costs (actual: net of other income; forecast: mine opex, royalty and corporate overhead) | AUDm | 10.3 | 8.9 | |
| EBITDA | AUDm | (10.3) | (8.9) | |
| Depreciation and amortisation (actual) | AUDm | 0.3 | 0.4 | |
| Net profit after tax (actual) | AUDm | (10.7) | (9.7) | |
| Cash flow | ||||
| Operating cash flow (forecast: net revenue less opex, tax and corporate overhead) | AUDm | (2.5) | (1.7) | |
| Capex (development, exploration-related payments and sustaining) | AUDm | 11.1 | 46.0 | |
| Free cash flow | AUDm | (13.6) | (47.6) | |
| Equity raised (actual gross; forecast stand-alone A$320M) | AUDm | 24.3 | 125.2 | |
| Balance sheet | ||||
| Cash at year end (forecast roll-forward) | AUDm | 12.0 | 87.4 | |
| Debt | AUDm | 0.0 | 0.0 | |
| Net debt / (net cash) | AUDm | (12.0) | (87.4) | |
| Per share | ||||
| Shares on issue (basic, year end) | m shares | 357.4 | 547.9 | |
| Earnings per share (basic, actual) | AUD/share | (0.03) | (0.02) | |
| Dividends per share | AUD/share | 0.00 | 0.00 | |
| Multiples and ratios | ||||
| EV / EBITDA (x, current EV) | x | (58.3) | (67.4) | |
| P / E (x, current market cap) | x | (59.5) | (65.9) | |
| FCF yield (current market cap) | % | -2.1% | -7.4% | |
| EBITDA margin | % | — | — | |
| Net debt / EBITDA (x) | x | 1.2 | 9.8 | |
Company guidance4
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| First Gold Production | katanning | 2029 | — | — year | Current |
| First Gold Production (Company Timetable) | katanning | mid-2028 | — | — year | Superseded |
| Final Investment Decision By End Of 2026 | katanning | 2026-12-31 | — | — date | Withdrawn |
| Mineral Resource Update By End Of 2026 | katanning | 2026-12-31 | — | — date | Withdrawn |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-09 | Debt | A$20M | — | — | Completed | — |
| 2026-06-30 | Raising | A$125.2M | 174.2M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Arrangements visible in the September 2026 quarterly, the scheme documents and the annual report. Live arrangements only are valued; expired arrangements are listed for completeness.
Binding scheme with OceanaGold: 100% of Ausgold acquired for OceanaGold scrip (cash alternative capped). Conditions include an Independent Expert concluding in favour, a 75% vote, ACCC and FIRB approvals, and TSX approval. Expected completion December 2026. Modelled as a probability event in the report, with a stand-alone fair value.
Other · Conditional- Counterparties
- OceanaGold Corporation
- Applies to
- Katanning Gold Project · Gold
- Economic direction
- Burden
- Period
- From 2026-08-17; no end date stated
- Key terms
- Scheme consideration ratio: 0.03 OceanaGold shares per Ausgold share
Implied consideration at announcement: 1.36 AUD/share
Maximum cash pool for cash alternative: 194,000,000 AUD
Break fee payable by Ausgold: 7,760,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Unsecured OceanaGold loan facilities, undrawn at 30 September 2026. Repayable at scheme implementation or on a superseding proposal. The drilling programme is treated as a cash cost in the bridge, not as a facility claim.
Other · Active- Counterparties
- OceanaGold Corporation
- Applies to
- Katanning Gold Project · Gold
- Economic direction
- Burden
- Period
- From 2026-09-09; no end date stated
- Key terms
- Facility 1 limit (no interest; exploration and study spend): 8,000,000 AUD
Facility 2 aggregate limit (12% interest; working capital and transaction costs): 20,000,000 AUD
Drawn at 30 September 2026: 0 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Farm-in interest over the Stanley Gold Project tenements at 80%. No value recognised; regional exploration option is valued at nil.
Farm In · Active- Counterparties
- Stanley Gold Project farm-in partner (not named in the documents read)
- Applies to
- Katanning regional tenements (100%) · Gold
- Economic direction
- Mixed
- Period
- From 2016-07-01; no end date stated
- Key terms
- Ausgold economic interest in Stanley Gold Project tenements: 80 pct
How it affects our valuation
No valuation treatment is available for this arrangement.
Early works under way on a hybrid gas, solar and battery power station; the power contract terms are not disclosed, so power cost is carried inside the study operating cost.
Other · Active- Counterparties
- Cross Boundary Energy
- Applies to
- Katanning Gold Project · Gold
- Economic direction
- Burden
- Period
- From 2026-07-01; no end date stated
- Key terms
- Hybrid gas, solar and battery power station early works (power supply for KGP): — text
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The selected September 2026 roster is preserved in full. The team combines a chairman with documented project-finance and mine-build experience, a resources finance CEO, an operating COO, and recently added project-delivery and operations leaders. Ausgold had not reached its stated FY26 final-investment-decision KPI by the year-end; later project work and a recommended OceanaGold transaction do not erase that missed milestone. The FY2026 annual report records the state environmental review had been released for public comment and the works approval remained under assessment at the cutoff; the federal project portal also documented an active assessment. No individual fraud, safety fatality or regulatory misconduct finding was established in the searches documented.
Decision-relevant facts
Material summary
John Dorward
Executive Chairman
Role FitAnalyst Inference · Medium materiality
Relevant experience for current role
Dated issuer disclosures describe an international finance/resources executive, prior project-finance role, Roxgold leadership, project construction and the Fronteer transaction. These are relevant to executive oversight of a development-stage gold project and corporate financing. Career outcomes are largely issuer-reported; no education registry verification was located.
Responsibility not applicable · This is a role-fit inference from cited issuer/secondary biography evidence; it does not assign causation for prior employer results.
Ausgold Annual Report 2026 · p. 32, qualifications and biography
Company SuccessIssuer Reported · Medium materiality
Documented current-company outcome and attribution limit
At Roxgold, the issuer annual report says he led the team that built Yaramoko and reached production within four years after a maiden inferred resource; during his tenure Roxgold secured the Seguela project. The company-level IFC review during construction described E&S control plans still being completed, while reporting no significant incidents to that review date. Fronteer Gold was acquired by Newmont for US$2.3bn; the annual report says Dorward played a key negotiating role. Attribution remains issuer-reported.
Role overlaps event; causation unproven · Public materials document the company milestones and the person’s role or appointment, but do not establish sole individual causation.
Ausgold Annual Report 2026 · pp. 35, 38, 41; KGP development, executive additions and missed FID KPI
FailureIssuer Reported · Medium materiality
FY2026 final-investment-decision target not met
Ausgold's 2026 annual report says the company KPI was to achieve a financial investment decision for Katanning; the KPI was not achieved and the board awarded no FY26 STI. The record attributes no individual cause. The company later announced a recommended acquisition by OceanaGold, subject to scheme process.
Role overlaps event; causation unproven · This is an issuer-reported company outcome. Dorward and the FY26 KMP overlapped the period; the report does not establish personal causation. Other people either joined near/after the period or their responsibility is not shown.
Ausgold Annual Report 2026 · pp. 41-42 and 38; KPI not achieved, no STI, transaction announcement context
Evidence gaps · 2
- No independent education verification or complete primary-source dated chronology of all earlier roles was located. Historical Yaramoko E&S review is project-level and does not establish personal responsibility.
- Ausgold had not achieved KGP FID by the cutoff; public sources do not establish any one executive as the cause. The annual report records environmental approvals remained in progress.
Ben Stockdale
Chief Executive Officer; Co-Company Secretary
Role FitAnalyst Inference · Medium materiality
Relevant experience for current role
Appointment materials report more than 25 years in resources, finance and commercial leadership, with corporate/project debt and equity financings, M&A and metals marketing/logistics. Those functions fit a developer preparing financing and project execution. Detailed chronology and qualifications remain undisclosed in the dated sources.
Responsibility not applicable · This is a role-fit inference from cited issuer/secondary biography evidence; it does not assign causation for prior employer results.
Ausgold Annual Report 2026 · pp. 35 and 43
Board & Management · undated leadership-page text
Company SuccessIssuer Reported · Medium materiality
Documented current-company outcome and attribution limit
The board said he played an instrumental role in Ausgold progress during his CFO tenure, but this is issuer attribution. The FY2026 company KPI of reaching Katanning FID was not achieved and no STI was awarded. The missed target overlapped his time as CFO then CEO; the annual report does not assign individual cause. A$90m equity raising in FY26 supported development, but was a company financing outcome, not an individual-only achievement.
Role overlaps event; causation unproven · Public materials document the company milestones and the person’s role or appointment, but do not establish sole individual causation.
Ausgold Annual Report 2026 · pp. 35, 38, 41; KGP development, executive additions and missed FID KPI
FailureIssuer Reported · Medium materiality
FY2026 final-investment-decision target not met
Ausgold's 2026 annual report says the company KPI was to achieve a financial investment decision for Katanning; the KPI was not achieved and the board awarded no FY26 STI. The record attributes no individual cause. The company later announced a recommended acquisition by OceanaGold, subject to scheme process.
Role overlaps event; causation unproven · This is an issuer-reported company outcome. Dorward and the FY26 KMP overlapped the period; the report does not establish personal causation. Other people either joined near/after the period or their responsibility is not shown.
Ausgold Annual Report 2026 · pp. 41-42 and 38; KPI not achieved, no STI, transaction announcement context
Evidence gaps · 3
- Public dated sources reviewed do not provide a complete independently verifiable chronology of prior roles and delivered outcomes; dates are left approximate or unknown where not disclosed.
- The reviewed sources do not identify a degree or independently verifiable professional credential for this individual.
- Ausgold had not achieved KGP FID by the cutoff; public sources do not establish any one executive as the cause. The annual report records environmental approvals remained in progress.
Sophia Huang
Co-Company Secretary
Role FitAnalyst Inference · Medium materiality
Relevant experience for current role
The annual report describes Huang as a lawyer and governance professional with extensive legal and company-secretarial experience at listed entities. This background aligns with secretarial and governance duties. Her specific legal admission, qualifications, prior employers and individual listed-company mandates are not named in the dated report.
Responsibility not applicable · This is a role-fit inference from cited issuer/secondary biography evidence; it does not assign causation for prior employer results.
Ausgold Annual Report 2026 · p. 35
Evidence gaps · 2
- Public dated sources reviewed do not provide a complete independently verifiable chronology of prior roles and delivered outcomes; dates are left approximate or unknown where not disclosed.
- The reviewed sources do not identify a degree or independently verifiable professional credential for this individual.
Mark Mitchell
Chief Operating Officer
Role FitAnalyst Inference · Medium materiality
Relevant experience for current role
Annual reports describe prior COO, mine-general-management and project development roles, and the issuer page reports a chemical-engineering qualification. This experience is relevant to the COO role at a proposed open-pit gold mine moving toward construction. Exact employer dates and qualification were not independently verified.
Responsibility not applicable · This is a role-fit inference from cited issuer/secondary biography evidence; it does not assign causation for prior employer results.
2025 Annual Report · p. 29; COO appointment and experience
Board & Management · undated issuer biography search result; qualification and membership
Company SuccessIssuer Reported · Medium materiality
Documented current-company outcome and attribution limit
During FY26, Ausgold advanced the KGP DFS update, early works, engineering and permitting, but the board’s stated FY26 goal of achieving FID was missed; no FY26 STI was awarded. This period overlaps Mitchell’s COO role, but the company record does not attribute the delay to him. No operating mine outcome exists yet for his current employer.
Role overlaps event; causation unproven · Public materials document the company milestones and the person’s role or appointment, but do not establish sole individual causation.
Ausgold Annual Report 2026 · pp. 35, 38, 41; KGP development, executive additions and missed FID KPI
FailureIssuer Reported · Medium materiality
FY2026 final-investment-decision target not met
Ausgold's 2026 annual report says the company KPI was to achieve a financial investment decision for Katanning; the KPI was not achieved and the board awarded no FY26 STI. The record attributes no individual cause. The company later announced a recommended acquisition by OceanaGold, subject to scheme process.
Role overlaps event; causation unproven · This is an issuer-reported company outcome. Dorward and the FY26 KMP overlapped the period; the report does not establish personal causation. Other people either joined near/after the period or their responsibility is not shown.
Ausgold Annual Report 2026 · pp. 41-42 and 38; KPI not achieved, no STI, transaction announcement context
Evidence gaps · 2
- Public dated sources reviewed do not provide a complete independently verifiable chronology of prior roles and delivered outcomes; dates are left approximate or unknown where not disclosed.
- Ausgold had not achieved KGP FID by the cutoff; public sources do not establish any one executive as the cause. The annual report records environmental approvals remained in progress.
Tammie Dixon
Chief Financial Officer
Role FitAnalyst Inference · Medium materiality
Relevant experience for current role
The secondary profile reports more than 18 years of resources-sector finance, CPA qualification and senior roles at Regis, Equigold and Hardman; its role chronology also includes Capricorn. This is relevant to a mining developer CFO, although dates and qualifications rely on secondary reporting and were not independently checked.
Responsibility not applicable · This is a role-fit inference from cited issuer/secondary biography evidence; it does not assign causation for prior employer results.
Tammie Dixon profile · lines 115-120 and career-history list
Ausgold Annual Report 2026 · p. 38; appointed CFO subsequent to year-end
Evidence gaps · 2
- Public dated sources reviewed do not provide a complete independently verifiable chronology of prior roles and delivered outcomes; dates are left approximate or unknown where not disclosed.
- CPA and role history are reported in a secondary profile; no direct professional-body verification or issuer biography was located.
Reece Olney
General Manager Operations
Role FitAnalyst Inference · Medium materiality
Relevant experience for current role
The issuer describes over 30 years of multi-commodity mining experience across open-cut and underground operations, prior GM Operations roles at Mount Gibson and most recently GM Weld Range at Fenix. This is directly relevant to operational readiness; detailed site-by-site outcomes and qualifications are not public in the reviewed source.
Responsibility not applicable · This is a role-fit inference from cited issuer/secondary biography evidence; it does not assign causation for prior employer results.
Evidence gaps · 2
- Public dated sources reviewed do not provide a complete independently verifiable chronology of prior roles and delivered outcomes; dates are left approximate or unknown where not disclosed.
- The reviewed sources do not identify a degree or independently verifiable professional credential for this individual.
John Sofield
Project Director
Role FitAnalyst Inference · Medium materiality
Relevant experience for current role
The issuer reports more than 25 years in mining, resources and oil and gas, complex greenfield and brownfield project delivery and a recent commissioning role at BP’s Kwinana Oil Terminal. That experience aligns with project execution duties. Exact chronology, credentials and outcomes per employer remain gaps.
Responsibility not applicable · This is a role-fit inference from cited issuer/secondary biography evidence; it does not assign causation for prior employer results.
Evidence gaps · 2
- Public dated sources reviewed do not provide a complete independently verifiable chronology of prior roles and delivered outcomes; dates are left approximate or unknown where not disclosed.
- The reviewed sources do not identify a degree or independently verifiable professional credential for this individual.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-08-07 · 549,693,074 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 22.74% | 124,991,452 | |
| 2 | 15.23% | 83,710,559 | |
| 3 | 13.96% | 76,735,683 | |
| 4 | 8.18% | 44,985,435 | |
| 5 | 2.95% | 16,213,121 | |
| 6 | 2.04% | 11,194,174 | |
| 7 | 1.83% | 10,071,621 | |
| 8 | 1.76% | 9,655,605 | |
| 9 | 1.64% | 9,000,000 | |
| 10 | 1.63% | 8,933,840 | |
| 11 | 0.89% | 4,894,503 | |
| 12 | 0.84% | 4,633,232 | |
| 13 | 0.47% | 2,600,000 | |
| 14 | 0.40% | 2,185,068 | |
| 15 | 0.39% | 2,151,122 | |
| 16 | 0.36% | 2,000,001 | |
| 17 | 0.36% | 1,990,000 | |
| 18 | 0.31% | 1,707,000 | |
| 19 | 0.30% | 1,643,300 | |
| 20 | 0.30% | 1,624,439 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 12.68%Voting power | 2025-03-05 | |
| 8.56%Voting power | 2025-11-27 | |
| 7.78%Voting power | 2026-01-27 | |
| 7.46%Voting power | 2026-05-27 | |
| 7.32%Voting power | 2026-01-16 | |
| 5.66%Voting power | 2025-12-09 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The register and substantial-holder notices can overlap; they are separate views. The substantial-holder quantities are dated to the latest notices listed by the issuer, not the 7 August register date.
Sources
- 2026 Annual Report
Ausgold Limited / ASX · Published 2026-09-01 · Accessed 2026-10-09
Reports top 20 registered ordinary-share accounts, total issue and latest public substantial-holder notices.
PDF pages 93-94, Twenty largest shareholders and Substantial holders; shareholder information as at 7 August 2026
Disclosed activity
Insider transactions
Trading activity11 buys · 0 sells shownNet cash last 12 months A$11.8mShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2025-11-26 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-11-26As disclosed: Placement for AUD 11,500,000.00, quantity 14,375,000.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | SubscriptionFully paid ordinary shares | 14,375,000 | AUD 11,500,000.00 | AUD 0.8Calculated average | — |
| 2025-11-26 | Dundee Corporation
Details & evidence for Dundee Corporation on 2025-11-26As disclosed: Acquisition via placement at $0.80 per share.
Change in substantial holding ↗ | SubscriptionFully paid ordinary shares | 250,000 | AUD 200,000.00 | AUD 0.8Disclosed price | — |
| 2025-11-12 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-11-12As disclosed: On-Market Purchase for AUD 46,885.72, quantity 57,991.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares | 57,991 | AUD 46,885.72 | AUD 0.8085Calculated average | — |
| 2025-11-07 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-11-07As disclosed: On-Market Purchase for AUD 52,990.73, quantity 67,213.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares | 67,213 | AUD 52,990.73 | AUD 0.7884Calculated average | — |
| 2025-11-05 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-11-05As disclosed: On-Market Purchase for AUD 79,458.75, quantity 105,945.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares | 105,945 | AUD 79,458.75 | AUD 0.75Calculated average | — |
| 2025-11-04 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-11-04As disclosed: On-Market Purchase for AUD 134,325.63, quantity 172,522.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares | 172,522 | AUD 134,325.63 | AUD 0.7786Calculated average | — |
| 2025-11-03 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-11-03As disclosed: On-Market Purchase for AUD 156,257.43, quantity 199,690.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares | 199,690 | AUD 156,257.43 | AUD 0.7825Calculated average | — |
| 2025-10-31 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-10-31As disclosed: On-Market Purchase for AUD 1,785,720.74, quantity 2,260,406.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares | 2,260,406 | AUD 1,785,720.74 | AUD 0.79Calculated average | — |
| 2025-10-30 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-10-30As disclosed: On-Market Purchase for AUD 378,750.00, quantity 500,000.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares | 500,000 | AUD 378,750.00 | AUD 0.7575Calculated average | — |
| 2025-10-29 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-10-29As disclosed: On-Market Purchase for AUD 120,407.50, quantity 160,415.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PurchaseFully paid ordinary shares | 160,415 | AUD 120,407.50 | AUD 0.7506Calculated average | — |
| 2024-08-01 | Jupiter Investment Management Limited
Details & evidence for Jupiter Investment Management Limited on 2024-08-01As disclosed: Placement of 130,636,497 ordinary shares for $3,919,094.91.
Change in substantial holding ↗ | SubscriptionOrdinary shares | 130,636,497 | AUD 3,919,094.91 | AUD 0.03Calculated average | — |
Disclosed holding observations3 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2025-11-26 | Dundee Corporation
Details & evidence for Dundee Corporation on 2025-11-26Aggregate reported substantial-holder voting position after the placement; not additive to manager/custody records.
Change in substantial holding ↗ | PositionFully paid ordinary shares | 42,467,969 | 8.56%Voting Power |
| 2025-11-26 | L1 Capital Pty Ltd
Details & evidence for L1 Capital Pty Ltd on 2025-11-26Reported portfolio-wide relevant interest; Annexure B reports acquisitions separately.
JPMorgan Chase Bank, N.A. · discretionary investment manager with relevant interest; shares registered to custodian Becoming a substantial holder ↗ | PositionFully paid ordinary shares | 31,934,271 | 6.44%Voting Power |
| 2024-08-01 | Jupiter Investment Management Limited
Details & evidence for Jupiter Investment Management Limited on 2024-08-01Reported manager/associate voting position after placement; aggregate positions across affiliates are not summed.
Change in substantial holding ↗ | PositionFully paid ordinary shares | 452,333,334 | 12.69%Voting Power |
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Sign in or enter a guest codeChronological evidenceSource-document inventory15 documents
AUC ASX closing price 2 November 2026 (local market database)Market Data · HighExtracted
Reference price A$1.16 close on 2 Nov 2026 (volume 2,236,120), price status fresh; source market data provider via the local market database (reference_price command).
- Document ID
- mkt-asx-price-2026-11-02
- Published UTC
- 2026-11-02T05:00:00Z
- Projects
- katanning
- Commodities
- gold
Gold peer stock metrics at cutoff (miners_v8 stock database and ASX market database)Market Data · MediumMetadata Only
Latest stock_daily rows on or before 2 Nov 2026 for gold-primary ASX peers already run in the stock database (market capitalisation, enterprise value, EV per attributable resource, 12-month return); the database has no gold peers with the subject, so the set is drawn from the 43 Au rows with a developer or construction stage.
- Document ID
- mkt-peer-database-2026-11-02
- Published UTC
- 2026-11-02T05:00:00Z
- Projects
- —
- Commodities
- gold
Insider dealings for AUC (insider transactions database, directors view)Governance · LowPartial
Insider dealings read with python -m miners.insider_transactions show AUC (partial): directors view shows non-cash performance right grants to John Dorward (for example 768,750 rights on 13 Jan 2026 at an indicative A$0.7032) and the October 2026 grant of 799,500 rights.
- Document ID
- local-insider-db-auc
- Published UTC
- 2026-11-01T23:00:00Z
- Projects
- —
- Commodities
- gold
Gold spot (USD/oz) 30 Oct 2026 and AUD/USD (local commodity database)Commodity Data · HighExtracted
Gold futures spot US$3,898.90/oz on 30 Oct 2026 (one-year range US$3,898.90 to US$5,318.40; one-year average US$4,453.68); AUD per USD 1.4236 (market snapshot).
- Document ID
- mkt-gold-spot-2026-10-30
- Published UTC
- 2026-10-30T05:00:00Z
- Projects
- katanning
- Commodities
- gold
Notification regarding unquoted securities - AUCGovernance · LowExtracted
Appendix 3G notice of 14 Oct 2026: 799,500 performance rights issued 13 Oct 2026 to John Dorward (executive chairman) under the employee incentive plan, not shares.
- Document ID
- auc-appendix-3g-oct-2026
- Published UTC
- 2026-10-13T23:00:00Z
- Projects
- katanning
- Commodities
- gold
Quarterly Activities/Appendix 5B Cash Flow ReportFinancing · HighExtracted
Quarterly activities and Appendix 5B to 30 September 2026: cash A$41.96M, no drawn debt, A$20M OceanaGold facility undrawn, 551,838,466 shares, 6,000,004 warrants and 14,040,489 performance rights, Scheme implementation deed status, EPA response to submissions pending, FID no longer targeted for 2026, resource update no longer targeted for 2026, 2.4 quarters of funding per Appendix 5B item 8.7.
- Document ID
- auc-q-sep-2026
- Published UTC
- 2026-10-07T23:00:00Z
- Projects
- katanning
- Commodities
- gold
2026 Annual ReportResults · HighExtracted
FY2026 (year to 30 June 2026) annual report, audited: loss of A$9.72M, operating outflow A$1.65M, cash A$87.36M, equity A$215.1M, 547.86M shares at year end, no dividends, deferred land settlement paid August 2026, KGP Ore Reserve and Resource restated in the report, EPA status and tenure at the balance date.
- Document ID
- auc-ar-2026
- Published UTC
- 2026-08-31T23:00:00Z
- Projects
- katanning
- Commodities
- gold
Local management assessment for AUC (summary.md, research product)Governance · MediumExtracted
Local management research product: executive roster and role-fit notes with issuer-sourced biographies; used only for executive titles and the FY26 FID KPI outcome, each cross-checked against the 2026 annual report.
- Document ID
- local-mgmt-summary-auc
- Published UTC
- 2026-08-31T23:00:00Z
- Projects
- katanning
- Commodities
- gold
OceanaGold Announces Acquisition of AusgoldTransaction · HighExtracted
OceanaGold announces a scheme of arrangement to acquire 100% of Ausgold: 0.03365 OceanaGold shares per Ausgold share (A$1.36 implied at announcement), total equity value about A$776M, cash alternative capped at A$194M, scheme expected to complete in December 2026, A$20M bridge loan, first gold for Katanning expected in 2029.
- Document ID
- auc-ogc-news-2026
- Published UTC
- 2026-08-16T23:00:00Z
- Projects
- katanning
- Commodities
- gold
OceanaGold Agrees to Acquire AusgoldTransaction · HighExtracted
Scheme implementation deed (attached to the 17 Aug 2026 announcement): scrip ratio 0.03365, cash election capped at A$194M, break fee A$7.76M payable by Ausgold in specified circumstances, exclusivity with a matching right for OceanaGold, conditions include an Independent Expert concluding the scheme is in the best interests of Ausgold shareholders, ACCC and FIRB approvals, TSX approval for OceanaGold share issue, 75% vote at the scheme meeting.
- Document ID
- auc-ogc-sid-2026
- Published UTC
- 2026-08-16T23:00:00Z
- Projects
- katanning
- Commodities
- gold
OceanaGold Acquisition of Ausgold - PresentationTransaction · MediumExtracted
OceanaGold acquisition presentation (17 Aug 2026): Katanning described as a 10-year-life open-pit CIL project with first gold expected in 2029; OceanaGold intends further technical work and an updated plan at completion; scheme consideration in scrip with a cash alternative.
- Document ID
- auc-ogc-pres-2026
- Published UTC
- 2026-08-16T23:00:00Z
- Projects
- katanning
- Commodities
- gold
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumExtracted
Quarterly activities and Appendix 5B to 30 June 2026: KGP early works accelerating, E&E studies A$12.2M, property and plant A$0.06M in the quarter, first gold production then targeted for mid-2028 (superseded by OceanaGold 2029 timing).
- Document ID
- auc-q-jun-2026
- Published UTC
- 2026-07-12T23:00:00Z
- Projects
- katanning
- Commodities
- gold
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumExtracted
Quarterly activities and Appendix 5B to 31 March 2026: E&E studies A$5.6M and PPE A$0.04M in the quarter; expanded 54,000m drilling programme.
- Document ID
- auc-q-mar-2026
- Published UTC
- 2026-04-19T23:00:00Z
- Projects
- katanning
- Commodities
- gold
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · LowExtracted
Quarterly activities and Appendix 5B to 31 December 2025: E&E studies A$3.3M, land acquisition A$4.1M, cash A$75.6M.
- Document ID
- auc-q-dec-2025
- Published UTC
- 2026-01-15T23:00:00Z
- Projects
- katanning
- Commodities
- gold
Updated Definitive Feasibility StudyStudy · HighExtracted
Updated Definitive Feasibility Study for the 100% owned Katanning Gold Project (16 Dec 2025): 10.3-year life, 1.22Moz recovered, pre-production capital A$354M, AISC A$2,252/oz LOM, post-tax NPV5 (real, 5%) A$1,028M and IRR 52.4% at A$4,300/oz; Ore Reserve 37.4 Mt at 1.11 g/t for 1.33Moz; year-by-year cash flow schedule (Appendix 3).
- Document ID
- auc-dfs-dec-2025
- Published UTC
- 2025-12-15T23:00:00Z
- Projects
- katanning
- Commodities
- gold
Evidence facts53
-9717671 AUD
2026-06-30-10749811 AUD
2025-06-30-1650739 AUD
2026-06-3087357935 AUD
2026-06-30215104165 AUD
2026-06-30547859741 shares
2026-06-30357448136 shares
2025-06-300 AUD/share
2026-06-3020000000 AUD
2026-08-318632925 AUD
2026-06-301407452 AUD
2026-06-3041956000 AUD
2026-09-30551838466 shares
2026-09-3020000000 AUD
2026-09-30-2762000 AUD
2026-09-30-43436000 AUD
2026-09-3023385000 AUD
2026-09-3020000000 AUD
2026-09-302.4 quarters
2026-09-301329.7 koz
2025-12-1612166000 AUD
2026-06-3059000 AUD
2026-06-30mid-2028 date
2026-07-135623000 AUD
2026-03-3144000 AUD
2026-03-313324000 AUD
2025-12-314113000 AUD
2025-12-311028000000 AUD
2025-12-1652.4 pct
2025-12-16354000000 AUD
2025-12-162252 AUD/oz
2025-12-1610.3 years
2025-12-161219511 oz
2025-12-164300 AUD/oz
2025-12-165.0 pct
2025-12-1630 pct
2025-12-1668.6 Mt
2025-06-30354 AUD m
2025-12-161.36 AUD/share
2026-08-14776000000 AUD
2026-08-14194000000 AUD
2026-08-1428 pct
2026-08-1487000000 AUD
2026-06-3020000000 AUD
2026-11-300.03365 ratio
2026-08-177760000 AUD
2026-08-17matching right text
2026-08-17condition text
2026-08-172029 year
2026-08-17799500 rights
2026-10-131.16 AUD/share
2026-11-023898.9 USD/oz
2026-10-30768750 rights
2026-01-13Conflicts requiring judgment1
- first gold production timing
OceanaGold (2026) states first gold in 2029 after the scheme; Ausgold July 2026 target of mid-2028 is superseded. The 2029 timing is used in the base case and mid-2028 is the bull-case timing.