Austral Gold Provides Operational Update

9/3/2024 10:13:00 AM

(MENAFN- Newsfile Corp) Sydney, Australia--(Newsfile Corp. - September 3, 2024) - Established Gold producer Austral gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ( "Austral" or the "Company" ) is pleased to report that the high-pressure grinding roll equipment (HRC 800) has finally been repaired and transported to the Company's 100% owned Guanaco- Amancaya mine site.

The installation of the HRC 800 is scheduled for the week starting 2 September, with commissioning expected to take place on 9 September under the supervision of the vendor's technical specialists.

Chief Executive Officer of Austral, Stabro Kasaneva commented , "The arrival of the HRC 800 is critical for the Heap Reprocessing Project and has been the primary cause of our production delays in the first half of 2024. We are continuing to integrate the heap leaching process with agitation leaching, using material from the Heaps as well as ore and stockpiles from the Amancaya and Guanaco mines. Our production guidance for 2024 remains at 17,000 to 18,000 gold equivalent ounces (GEOs)."

About Austral Gold

Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity investments. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets.

For more information, please visit the Company's website at

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Release approved by the Company's Chief Executive Officer of Austral Gold, Stabro Kasaneva.

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