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Ausgold Limited is an exploration and development company. The Company is engaged in the exploration of gold and other precious metals. The Company's projects include Katanning Gold Discovery, Katanning Regional Project, The Cracow project, The Yamarna project and Doolgunna project. The Katanning Gold Project is located approximately 275 kilometers southeast of Perth and over 40 kilometers northeast from the wheatbelt town of Katanning. It holds a tenement position of approximately 7,500 square kilometers in south Western Australia. The Cracow project is located over 375 kilometers northwest of Brisbane. It holds tenements of approximately 500 square kilometers in the Cracow region. The Yamarna project is located over 125 kilometers north-east of Laverton in central Western Australia on exploration licenses (EL) 38/2129 and 38/2863. Its Doolgunna mineral field is located in Western Australia's Bryah Basin. Its EL 52/3031 covers approximately 190 square kilometers.