Company: AUST
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001410578-25-000509
Chunk: 86

Company: Austin Gold Corp.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 86
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5 to follow-up on gold mineralization encountered during the 2023-2024 winter drilling program. The Company’s drilling program will be designed to test beneath known high-level gold/silver-bearing stockwork mineralization for high-grade vein deposits formed deeper in the hydrothermal system. All permits are in place to conduct the program, which will be subject to suitable drill availability and weather.

ITEM 4A - UNRESOLVED STAFF COMMENTS

Not applicable.

ITEM 5 - OPERATING AND FINANCIAL REVIEW AND PROSPECTS

The following Operating and Financial Review and Prospects section is intended to help the reader understand the factors that have affected the Company’s financial condition and results of operations for the historical period covered by the financial statements and management’s assessment of factors and trends which are anticipated to have a material effect on the Company’s financial condition and results in future periods. This section is provided as a supplement to, and should be read in conjunction with, our Consolidated Financial Statements and the other financial information contained elsewhere in this document. Our Consolidated Financial Statements have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (“IASB”). Our discussion contains forward-looking information based on current expectations that involve risks and uncertainties, such as our plans, objectives and intentions. Our actual results may differ from those indicated in such forward-looking statements.

A. Operating Results

Results of Operations

The following table contains selected annual financial information derived from our audited Consolidated Financial Statements, which are reported under IFRS Accounting Standards.

                                                                                                                For the year ended                   
                                          December 31,                       December 31,                       December 31,                         
                                          2024                               2023                               2022                                 
  Revenue                                 $                           —      $                           —      $                                 —  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net loss                                                  (3,078,731)                        (4,000,671)                              (1,068,391)  
  Net comprehensive loss                                    (3,078,731)                        (4,000,671)                              (1,787,312)  
  Loss per share - basic and diluted                             (0.23)                             (0.30)                                   (0.09)  
  Cash and cash equivalents                                     381,899                            907,551                                  630,623  
  E& E assets                                                 4,077,474                          2,280,