Established gold producer Austral Gold Limited’s (Austral or the Company) (ASX: AGD; TSX-V: AGLD) subsidiary, Austral Gold North America Corp. (AGNA), has decided not to exercise the previously obtained takeover option under an agreement with Rawhide Acquisition Holding LLC (“RAH”), the RAH unit owners and the Rawhide lenders (the “Lenders”). The decision comes after AGNA provided bridge financing of US$555,000 to Rawhide, as announced on 8 May 2023. AGNA’s interest in RAH remains at 24.74%.

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