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Augustus Minerals Limited (ASX:AUG)

ALERT: Price-sensitive ASX Announcement for AUG
Current share price for AUG : $0.039 -0.004 (-9.30%)+
Announcement
Release
25 May 2026 8:17AM
Price at Release
$0.043
Full Release
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Summary
Augustus Minerals Limited (ASX: AUG) announced the commencement of a follow-up drilling program at the Music Well Gold Project, specifically targeting the Clifton East prospect. This phase aims to further define the strike and dip of previously identified gold mineralisation, with significant results including 32 meters at 0.90g/t gold, and 4 meters at 2.72g/t gold. The drilling will decrease the spacing between original drill sections, enhancing confidence in geological interpretations. Additionally, soil sampling is planned for other nearby prospects such as Black Cat East and Teutonic East. Located in Western Australia's Leonora/Laverton Greenstone Belt, the Music Well project is expected to deliver new drilling results by late June to early July 2026.
Key Points
  • Augustus Minerals Limited is conducting a follow-up drilling program at the Music Well Gold Project.
  • The drilling is focused on the Clifton East prospect to define the strike and dip of gold mineralisation.
  • Significant results include 32m at 0.90g/t gold, including 4m at 2.72g/t gold.
  • The follow-up drilling aims to close the spacing between original drill sections for better confidence.
  • Additional soil sampling is planned at other prospects like Black Cat East and Teutonic East.
  • The Music Well Gold Project is located in the Leonora/Laverton Greenstone Belt, Western Australia.
  • Drilling results are expected by late June to early July 2026.
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.