Established gold producer Austral Gold Ltd. is pleased to announce that the first tranche of the previously announced non-brokered private placement financing of up to US$1 million or approximately AUD$1.6 million has been completed. The Company has issued 919,158 non-transferable unsecured convertible notes for gross proceeds of US$590,503 , immediately following execution by the parties of an amendment agreement to [...]
Established gold producer Austral Gold Ltd. is pleased to announce that it has filed its Q4 2023 Quarterly Activity Report. The complete Report is available under the Company's profile at www.asx.com.au, www.sedar.com and on the Company's website at www.australgold.com/. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Release approved [...]
Established gold producer Austral Gold Ltd.'s announces updates to its loan arrangements with related parties. A loan of up to US$3 million provided by Inversiones Financieras del Sur S.A. , the Company's largest shareholder, was announced on 15 September 2023 of which IFISA has funded US$2 million . Mr. Eduardo Elsztain and Mr. Saúl Zang, two of the Company's directors, also loaned US$850,000 and US$150,000 respectively [...]
HIGHLIGHTS Option to be granted to Colossus Resources to purchase Austral's Chilean Calvario and Mirador copper projects, previously acquired through the takeover ofRevelo Resources in 2021[1]. Consideration comprised mainly of a US$2.5 million work commitment over a two-year period, 19.99% shareholding in Colossus, one million Colossus warrants at an exercise price of C$0.50 and anti-dilution rights up to Colossus raising [...]
Established gold producer Austral Gold Ltd. is pleased to announce that it has filed its Q3 2023 Quarterly Activity Report. The complete Report is available under the Company's profile at www.asx.com, www.sedarplus.ca and on the Company's website at www.australgold.com/. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Release approved [...]
Established gold producer Austral Gold Ltd. announces that it has entered into an agreement to issue up to approximately 1.6 million non-transferable unsecured convertible notes, each having a face value of AUD$1, to one arms-length accredited and sophisticated investor for gross proceeds of US$1 million or approximately AUD$1.6 million. The number of notes will be determined by converting the gross proceeds into [...]
Established gold producer Austral Gold Ltd. is pleased to announce that it has obtained a new unsecured short-term loan of up to US$3 million from Inversiones Financieras del Sur S.A. , the Company's largest shareholder. The material terms of the loan are defined below. Material terms of the loan agreement Loan Amount: up to US$3 million Loan Term: 6 months; loan may be repaid earlier at the Company's option; Interest [...]
HIGHLIGHTS Final assays received from the last 623 meters drilled at Jaguelito Sur. Since December 2022, Austral drilled a total of 4,331 meters at Jaguelito Norte and Sur in accordance with the option agreement with Mexplort to acquire up to 50% of the project. Best intercept from latest drilling results: Sagitario target DJS-001A: 14m @ 0.70 gpt gold and 17 gpt silver Including 4.4m@ 1.44 gpt gold and 30 gpt silver [...]
Established gold producer Austral Gold Ltd.'s announces that it has filed its half year report for the six months ended 30 June 2023. The complete Report is available under the Company's profile at www.asx.com.au, www.sedarplus.ca, www.otcmarkets.com, and on the Company's website at www.australgold.com. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of [...]
Established gold producer Austral Gold Ltd. is pleased to announce that it has filed its Q2 2023 Quarterly Activity Report. The complete Report is available under the Company's profile at www.asx.com, www.sedar.com and on the Company's website at www.australgold.com/. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Release approved by [...]
Established gold producer Austral Gold Ltd.'s announces the expiry of the option agreement entered into with Pampa Metals announced on 28 July 2021, whereby it could acquire up to an 80% interest in the Cerro Blanco and Morros Blancos projects located in Chile. Since the start of the agreement, Austral conducted exploration activities that cost approximately US$1.6 million of on the projects. Neither TSX Venture Exchange [...]
HIGHLIGHTS Sustainable Operations: Production to start during the last week of July 2023 at the Company's Heap Reprocessing Project located at the Guanaco/Amancaya mine complex in Chile, which has been operating since 2012. Reprocessing is to supplement existing production for the next 10 years.* Low Cost Production: Projected cash operating costs below $700 per gold equivalent ounce for 223,000 gold ounces and 1,043,000 [...]
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