Ausgold Limited
(ASX:AUC) has announced positive scoping study results for its Katanning Gold project in Western Australia.
Some highlights from the study include gold production of 47,340 ounces per annum over four years, which is expected to generate gross revenue of $316 million.
Operating cash costs will amount to $928 per ounce.
The economic studies include WA state gold royalties levied at 2.5 per cent of gross revenue.
Ausgold reported a net loss of $1.09 million at 30 June 2015.
