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Augustus Minerals Limited (ASX:AUG)

ALERT: Price-sensitive ASX Announcement for AUG
Current share price for AUG : $0.038 0.002 (5.56%)+
Announcement
Release
30 Jul 2026 8:30AM
Price at Release
$0.036
Full Release
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Summary
Augustus Minerals Limited (ASX: AUG) reported its activities and financials for the quarter ending 30 June 2026. The company focused on its key projects, including the Music Well Gold Project in Western Australia, where a second drilling program was completed, and the Mt Kare Gold Project in Papua New Guinea, which continues to progress through the permitting system. Augustus reported a net cash outflow from operating and investing activities but recorded significant financing inflows amounting to $2.5 million through equity placements. The company ended the quarter with $1.69 million in cash and plans for further exploration activities in the coming quarter.
Key Points
  • Completion of a second RC drilling program at Clifton East, Music Well Project.
  • Continuation of permitting process for Mt Kare Gold Project in PNG.
  • Raised $2.5 million through equity placements.
  • Ended the quarter with $1.69 million in cash.
  • No significant expenditure on mining production or development activities.
  • Planned future activities include additional soil sampling and drilling at Music Well.
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.