InvestSMART

Auravelle Metals Limited (ASX:AUV)

ALERT: Price-sensitive ASX Announcement for AUV
Current share price for AUV : $0.009 -0.004 (-30.77%)+
Announcement
Release
12 May 2026 10:35AM
Price at Release
$0.013
Full Release
download
Summary
Auravelle Metals Limited announced the commencement of high-impact Reverse Circulation (RC) drilling at the Nuckulla Hill Gold Project in South Australia. The focus will be on infilling and extending high-grade mineralization at the Sheoak prospect, as well as early-stage follow-up drilling at Sheoak East and other targets. The last drilling program at Sheoak yielded significant gold mineralization results, and the upcoming RC drilling has been refined using a recent detailed aeromagnetic survey. This survey provided improved insights into the key structures of the region. The company plans additional RC and aircore drilling, aiming for a larger-scale regional discovery. Auravelle's Managing Director highlighted the significant growth opportunities at Sheoak, emphasizing the mineralization's potential open along strike and at depth.
Key Points
  • Auravelle to commence next round of RC drilling at Nuckulla Hill Gold Project.
  • Focus on infilling and extending mineralization at Sheoak and follow-up at Sheoak East.
  • Previous drill program returned notable gold mineralization results.
  • Drilling refined using detailed aeromagnetic survey for better structural insights.
  • Further updates on additional RC and aircore targeting will be announced.
  • Managing Director emphasized growth opportunities at Sheoak.
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.