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Australasian Metals Limited (ASX:A8G)

ALERT: Price-sensitive ASX Announcement for A8G
Current share price for A8G : $0.097 0.012 (14.12%)+
Announcement
Release
2 Mar 2026 9:16AM
Price at Release
$0.085
Full Release
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Summary
Australasian Metals Limited has submitted a new Exploration Permit Application for the Mt Clermont and Capella projects in Central Queensland, known as EPM 29434 'Retro Creek'. This application targets areas likely to contain epithermal gold, shear-zone-hosted gold, and intrusion-related polymetallic deposits, leveraging the company's existing resources and expertise in the region. Historical exploration identifies multiple gold prospects, and Australasian Metals plans to pursue advanced exploration at Torrendorah, Carramah, Hazeldeen, and Burns Dam prospects. The application aims to enhance the company's gold exploration footprint amidst high gold prices, with a strategy that includes geological mapping, rock-chip sampling, and geophysical surveys.
Key Points
  • Australasian Metals submits EPM 29434 for Mt Clermont and Capella projects.
  • Targeting epithermal gold, shear-zone-hosted gold, and polymetallic deposits.
  • Building on a maiden inferred resource of 63,600 oz gold at 1.13 g/t.
  • Advanced exploration planned for Torrendorah, Carramah, Hazeldeen, and Burns Dam.
  • Strategic expansion amid high gold prices in Central Queensland.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.