A recently completed scoping study for AusGold’s Katanning Gold Project estimates a 30 per cent increase in the mine’s average annual gold production compared to an initial 2022 pre-feasibility study. The findings support the viability of a bigger 5Mtpa operation with a projected average gold production of 155,000oz per annum over its first six years. “What we’re finding is a lot more material that we’re basically putting on waste dumps that could have gone through a mill at the right time,” AusGold managing director Matthew Greentree said. “What we’ve done is we looked at the bigger project, and pushing more and more of the rock through the processing plants. “It’s now quite a sizeable mine, and it’s definitely a mine in the making.” The new scoping study establishes the area as the biggest undeveloped mine site in Western Australia. AusGold has previously increased its share amount by 266,666,667 fully paid ordinary shares in the effort to raise a further $12 million for the Katanning Gold Mine project, that is softly slated for opening in a few years. The proposed mine seeks to employ 150 staff in a full-time capacity from surrounding areas and towns.