Au Gold Corp Completes Acquisition of Havelock Gold-Antimony Project and Closes $2 Million Private Placement

The most recent news (March 11, 2026) confirms the closing of the acquisition of the Havelock Gold-Antimony Project in Victoria, Australia, and the concurrent closing of a $2,000,000 private placement. The acquisition involved paying $75,000 and issuing 5,000,000 shares to Leviathan Gold Australia. The financing was completed at $0.15 per unit, consisting of one share and a half-warrant exercisable at $0.30 for 36 months. This follows the filing of a NI 43-101 technical report which highlighted rock samples up to 12.20 g/t gold and 0.18% antimony.

The impact is Material - Positive. This is a transformative event for Au Gold Corp for several reasons: - Capital Infusion: The $2M raise is massive relative to the company's previous cash position ($241,009 as of Dec 31, 2025). It provides the "dry powder" necessary to execute a modern exploration program. - Strategic Pivot: The company is moving from the Ponderosa property in B.C. to the Victorian Gold Fields, a Tier-1 jurisdiction currently seeing high interest due to the success of Agnico Eagle (Fosterville) and Southern Cross Gold (Sunday Creek). - Asset Quality: Historical drilling results included in the Jan 15, 2026, release (e.g., 1.11m at 56.4 g/t Au) suggest high-grade potential that has not been subjected to modern systematic exploration. - Valuation Support: The financing at $0.15 sets a firm valuation floor and indicates strong investor appetite for the new Australian strategy.

Au Gold Corp is a junior explorer now focused on the Havelock Gold-Antimony Project in Victoria, Australia. The project covers 11,663 hectares and features at least seven historical workings along a 9km trend. It is an epizonal gold-antimony system, similar in style to the Costerfield and Fosterville mines. The company also holds the Ponderosa Property in British Columbia, Canada.