Au Gold Corp Engages Geomorphic AI to Independently Validate Drill Targeting at its Havelock Gold-Antimony Project and Generate New Projects in Victoria, Australia

AU Gold Corp. (AUGC) has engaged Geomorphic AI Corporation to independently validate drill targeting at its Havelock Gold-Antimony Project using proprietary AI-driven geoscience platforms. Geomorphic will also conduct a project generation program to screen public geological and historical records for new high-potential gold projects in Victoria, Australia, which AUGC may elect to acquire.

The engagement covers data compilation, geological synthesis, and target ranking for the Havelock and Ponderosa projects, focusing on the 9 km Shaw-McFarlane Trend (SMT) which has never been modernly drilled. Historical context provided: SMT produced ~17,097 ounces of gold at an average grade of 28.7 g/t between 1864 and 1891. Deepest historical workings reached 500 feet (152 m). No mineral resources exist, and historical data predates NI 43-101 standards.

Consideration for the partnership includes the grant of 250,000 stock options to Geomorphic, exercisable at $0.28 per share for five years, and a 2% Net Smelter Returns (NSR) royalty on any new projects acquired from Geomorphic within five years.

Upcoming corporate events include the New Orleans Investment Conference (Oct 28–31, 2026) and VRIC (Jan 24–25, 2027).

AU Gold Corp. (AUGC) announced a technical and procedural step designed to de-risk the upcoming maiden diamond drill program at Havelock. The company stated that the announcement does not alter its asset base, capital structure, or near-term operational timeline.

The company granted 250,000 stock options to Geomorphic, carrying a $0.28 exercise price. This price point is above the recent trading range, a structure that limits immediate dilution or selling pressure relative to the approximately 73.8 million shares outstanding. Additionally, the agreement includes a 2% NSR royalty on future acquisitions, a standard industry term for project generation agreements that does not impact existing Havelock or Ponderosa assets.

The news aligns with management's stated strategy of rigorous, evidence-based targeting before committing capital to drilling. The update supports execution rather than serving as a market-moving catalyst. Given the company's recent $3.5 million financing on Oct 2, 2026, and the planned Q4 2026 drilling campaign, the partnership reinforces the exploration workflow.

Au Gold Corp. (AUGC) is an early-stage exploration company focused on two primary assets: the Havelock Gold-Antimony Project in Victoria, Australia, and the Ponderosa Gold-Silver Project in British Columbia, Canada.

Havelock serves as the company’s flagship asset, covering 11,663 hectares. It hosts an epizonal gold-antimony system along the 9 km Shaw-McFarlane Trend. Historical production reached approximately 17,097 ounces at 28.7 g/t Au, with shallow workings reaching a maximum depth of 152 m abandoned due to dewatering and antimony separation challenges. The project is currently in the concept financing and exploration stage. No modern diamond drilling has been completed, and historical data is subjective and predates NI 43-101, meaning no mineral resources are currently defined.

Ponderosa is a pre-discovery low sulphidation epithermal gold-silver project in British Columbia, currently in drill planning and prospecting stages. Management is led by CEO Marc Blythe, with a board featuring extensive mining, M&A, and development experience.