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Australasian Metals Limited (ASX:A8G)

ALERT: Price-sensitive ASX Announcement for A8G
Current share price for A8G : $0.110 0.01 (10%)+
Announcement
Release
22 Jul 2026 8:56AM
Price at Release
$0.100
Full Release
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Summary
Australasian Metals Limited (ASX: A8G) reported the completion of bulk sampling at three outcrop locations at the May Queen South Bauxite Project in Queensland. This sampling provided larger, more representative material for metallurgical testwork. Composite samples showed total Al₂O₃ grades averaging 41.8%, with individual samples reaching up to 58.7%. These results suggest a promising grade potential of the deposit, supporting additional metallurgical testwork to assess product upgrade potential and recovery of elements like titanium and gallium. The May Queen South project hosts an Inferred Mineral Resource of 54.9 Mt at 37.5% total Al₂O₃ and is strategically located close to rail infrastructure connected to the Port of Bundaberg. The next phase involves dispatching the samples for further metallurgical testing to evaluate processing options and potential recovery of valuable elements.
Key Points
  • Bulk sampling at May Queen South Bauxite Project completed.
  • Composite samples returned Al2O3 grades averaging 41.8%.
  • Individual samples showed Al2O3 grades up to 58.7%.
  • Results support grade potential and further metallurgical testwork.
  • May Queen South hosts 54.9 Mt Inferred Mineral Resource.
  • Project is near rail infrastructure to Port of Bundaberg.
  • Metallurgical testwork to assess element recovery potential.
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.