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Audalia Resources Limited (ASX:ACP)

ALERT: Price-sensitive ASX Announcement for ACP
Current share price for ACP : $0.028 0.003 (12%)+
Announcement
Release
15 Aug 2025 8:22AM
Price at Release
$0.025
Full Release
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Summary
Audalia Resources Limited has provided an exploration update on the Medcalf Project (also known as the Medcalf vanadium-titanium-iron project), located in Western Australia. The update covers the completion of a diamond drilling program focusing on resource infill and exploration of new target areas. The drilling aimed to further define the mineral resource, improve geological understanding, and collect samples for metallurgical test work. Initial results confirmed the presence of high-grade vanadium, titanium, and iron mineralization within the project area. The company also indicated that assays from the drilling were pending at the time of the announcement, and the results would be released once available. The update emphasizes the project's potential and continues the company's strategy of advancing the resource towards potential development.
Key Points
  • Audalia Resources Limited released an exploration update on the Medcalf Project.
  • A diamond drilling program was completed to target resource infill and new exploration areas.
  • The drilling program aimed to refine resource definition, geological understanding, and support metallurgical sampling.
  • Initial drilling confirmed significant vanadium, titanium, and iron mineralization.
  • Assay results from the drilling program were still pending at the time of the announcement.
  • The exploration activities support the company's strategy to advance the Medcalf Project towards development.
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.