InvestSMART

Amara Minerals Limited (ASX:AM3)

ALERT: Price-sensitive ASX Announcement for AM3
Current share price for AM3 : $0.004 -0.001 (-20%)+
Announcement
Release
20 May 2026 9:03AM
Price at Release
$0.005
Full Release
download
Summary
Amara Minerals Limited, operating under the ASX code AM3, has reported notable high-grade gold and antimony intercepts at its Trojan Prospect, part of the Lauriston Gold and Antimony Project in Victoria, Australia. Their deepest intercept at Trojan has shown promising signs of a mineralised system improving with depth, marked by 6.5 meters at 0.86% Sb and 0.59 g/t Au from 142.6 meters. All drilled holes so far have returned significant antimony results, emphasizing the potential of the site. The company is leveraging Victoria's only producing antimony operation at Costerfield and plans to apply for an advancing antimony grants program. Amara also holds a strategic lithium portfolio in Brazil, aligning with global energy transition efforts.
Key Points
  • Amara Minerals Limited reports significant high-grade gold-antimony intercepts at the Trojan Prospect.
  • The deepest intercept to date at Trojan is 6.5m at 0.86% Sb and 0.59 g/t Au from 142.6m.
  • All six holes reported from the Trojan project have returned significant antimony results.
  • The mineralisation is considered epizonal gold-antimony, similar to other known deposits in Victoria.
  • Amara is applying for a $1 million advancing antimony grants program in Victoria.
  • The Lauriston Project provides geological context similar to the Fosterville, Costerfield, and Sunday Creek deposits.
  • Drilling has recommenced to follow up on previous high-grade antimony intercepts at the Comet site.
  • Amara Minerals also holds a strategic lithium portfolio in Brazil, providing exposure to the global energy transition.
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.