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Auravelle Metals Limited (ASX:AUV)

ALERT: Price-sensitive ASX Announcement for AUV
Current share price for AUV : $0.006 -0.009 (-60%)+
Announcement
Release
15 May 2026 8:20AM
Price at Release
$0.015
Full Release
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Summary
Auravelle Metals Limited has identified new drill targets at the Nuckulla Hill Gold Project in South Australia, specifically at Bimba and Myall. These areas show significant gold anomalism, with historical drilling results indicating promising mineralization. The company plans to conduct a Reverse Circulation (RC) drilling program, followed by a large-scale aircore drilling program aimed at discovering new targets along the 40km strike of the Yarlbrinda Shear Zone. The projects at Sheoak, Sheoak East, Bimba, and Myall are ready for drilling as they have been heritage cleared. All these efforts are part of Auravelle's aggressive strategy to explore and expand their gold resources in the region.
Key Points
  • New drill targets identified at Bimba and Myall at Nuckulla Hill.
  • Significant gold anomalism with historical drilling results showing promising grades.
  • RC drilling program to be followed by aircore drilling for further exploration.
  • Sheoak, Sheoak East, Bimba, and Myall are heritage cleared and ready for drilling.
  • Part of a larger exploration strategy in the Yarlbrinda Shear Zone with a focus on regional discovery.
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.