Austral Gold Limited, together with its subsidiaries, engages in the exploration and development of precious metals in South America. The company explores for gold and silver deposits. Its flagship project is the 100% owned Guanaco/Amancaya gold and silver mine located to the south east of Antofagasta in Northern Chile. The company also holds a 100% interest in the Pingüino project located in Santa Cruz and Casposo mine located in San Juan, Argentina. Austral Gold Limited is based in Sydney, Australia. Austral Gold Limited is a subsidiary of Inversiones Financieras Del Sur SA.