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Auravelle Metals Limited (ASX:AUV)

ALERT: Price-sensitive ASX Announcement for AUV
Current share price for AUV : $0.007 -0.004 (-36.36%)+
Announcement
Release
3 Jun 2026 11:07AM
Price at Release
$0.011
Full Release
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Summary
Auravelle Metals Limited has identified a +3.5km Sheoak to Myall gold trend with notable gold anomalies across multiple prospects. The company has commenced metallurgical test work at the Sheoak prospect to assess gold recovery, with results expected by late June or early July. This initiative is part of a broader derisking strategy, given the limited deep RC drilling outside of Sheoak. Auravelle is also planning a soil sampling program at Skye to pinpoint drill targets. Overall, Auravelle is intensifying its exploration activities at Nuckulla Hill, with several upcoming drill programs and soil sampling efforts set to expand their resource understanding and potential development opportunities.
Key Points
  • Sheoak Trend expanded to over 3.5km identified with gold anomalies
  • Preliminary metallurgical test work underway at Sheoak prospect
  • Limited deep RC drilling outside of Sheoak highlighting exploration potential
  • Skye soil sampling program planned to generate drill targets
  • Auravelle Metals Limited driving exploration at Nuckulla Hill and other projects
  • Upcoming drill programs and soil sampling at multiple sites
  • Focus on derisking process through metallurgical tests
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.