Austral Gold Secures Additional US$1M Loan For Casposo

2025-09-01 01:06:17

(MENAFN- Newsfile Corp) Sydney, Australia--(Newsfile Corp. - September 1, 2025) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ( "Austral" or the "Company" ), an established gold producer, is pleased to announce that Casposo Argentina Ltd. Sucursal Argentina (Casposo), a branch of the Company's subsidiary Casposo Argentina Mining Ltd., has secured a new short-term loan of US$1 million loan from Banco San Juan S.A. in Argentina, who previously provided us with a US$7 million loan facility in December 2024.

The loan proceeds are to be used to support working capital requirements, following the substantial completion of refurbishment activities at the Casposo processing plant, as announced on 31 July 2025. The project is now advancing towards the commissioning phase.

Since the July update, key upgrades completed include the relining and the installation of the SAG mill, the installation of new hydrocyclones, and the substantial refurbishment of the filter band.

Material terms of the loan agreement:

Loan Amount: US$1 million
Loan Term: 180 days from disbursement
Interest Rate: 8.5% per annum
Repayment: Lump-sum payment at maturity, funded by proceeds from mineral exports; early repayment option available
Use of Proceeds: Working Capital for Casposo
Security: Unsecured

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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