InvestSMART

Australian Critical Minerals Limited (ASX:ACM)

ALERT: Price-sensitive ASX Announcement for ACM
Current share price for ACM : $0.033 0 (0%)+
Announcement
Release
29 Jul 2026 8:26AM
Price at Release
$0.033
Full Release
download
Summary
Australian Critical Minerals Limited (ASX:ACM) has completed its Phase 1 drilling program at the Flint Project in Peru, with four diamond drill holes totaling 1,773 meters. The hyperspectral data supports ACM's geophysical and geochemical model, indicating a large-scale hydrothermal system. Drill hole FLDDH002 showed significant advanced argillic and phyllic alteration, suggesting potential porphyry style mineralisation. The drilling covered only a 900m portion of a 4km hydrothermal corridor. Assays from FLDDH002 are expected by 8 August 2026, with ANCORELOG scanning providing detailed core analysis. Despite a power outage in Lima delaying sample processing, ACM plans to refine its targets and prepare for the next phase of drilling upon receiving assay results. The Flint Project is strategically located in a prolific epithermal-porphyry belt, near the La Arena gold-silver and copper-gold system.
Key Points
  • Completion of Phase 1 drilling program at Flint Project with four diamond drill holes totaling 1,773 meters.
  • Hyperspectral data consistent with ACM's model targeting a large-scale hydrothermal system.
  • FLDDH002 intersected significant advanced argillic and phyllic alteration, indicating potential porphyry style mineralisation.
  • Drilling tested a 900m section of a 4km hydrothermal corridor.
  • Assays from FLDDH002 expected by 8 August 2026.
  • ANCORELOG scanning used for core analysis to map mineralogical and textural vectors.
  • Power outage in Lima caused delays in sample processing.
  • Flint is located in a prolific epithermal-porphyry belt in Peru, near the La Arena Au-Ag and Cu-Au system.
  • Future plans include refining targets and planning the next drilling phase based on assay results.
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.