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Astute Metals NL (ASX:ASE)

ALERT: Price-sensitive ASX Announcement for ASE
Current share price for ASE : $0.017 0.002 (10%)+
Announcement
Release
12 Sep 2025 11:56AM
Price at Release
$0.015
Full Release
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Summary
Astute Metals NL has commenced Reverse Circulation (RC) drilling at the Needles Gold-Silver Project in Nevada, USA, targeting six high-priority vein-style gold-silver prospects. The drilling program, expected to conclude within two weeks, is motivated by prior exploration that identified promising un-drilled high-grade prospects. Partnering with Major Drilling Group International Inc., Astute aims to explore the under-explored Needles Gold Project and rapidly move on to the Red Mountain Lithium Project thereafter. This activity aligns with the company's strategy to harness prospective gold opportunities in a historically rich mining area, at a time considered opportune for the gold sector. Subsequent exploration will include soil sampling and a magnetic-radiometric survey, with assay results anticipated in 5-7 weeks post drilling.
Key Points
  • Drilling has commenced at Needles Gold-Silver Project in Nevada.
  • Six high-priority gold-silver targets will be tested as part of the eight-hole campaign.
  • Drilling is expected to be completed within two weeks.
  • The Needles Project remains largely under-explored.
  • After Needles, the drill rig will move to the Red Mountain Lithium Project.
  • The project area includes numerous historical gold-silver workings.
  • Astute Metals plans a maiden Mineral Resource Estimate by the end of the year.
  • The Needles Project is prospective for gold and silver in a historically rich mining district.
  • The upcoming exploration will include systematic soil sampling and a magnetic-radiometric survey.
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.