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Austin Metals Limited (ASX:AYT)
ALERT: Price-sensitive ASX Announcement for AYT
Current share price for AYT : $0.003 0 (0%)+
Announcement
Release
29 Apr 2026 3:06PM
Price at Release
$0.003
Full Release
Summary
Austin Metals Limited (ASX: AYT) announced an update on its exploration activities at the Austin Gold Project located in the Murchison Goldfields of Western Australia. The company has been advancing a high-resolution litho-structural interpretation using geophysical data, drone imagery, and field mapping. This effort has identified multiple banded iron formation (BIF) horizons, major shear corridors, and structural intersections that are considered priority targets for further exploration and drilling. The updated announcement includes additional disclosures related to aeromagnetic data and rock-chip samples, following discussions with ASX. Austin Metals aims to refine its geological model and increase drill targeting confidence, with plans to commence reverse circulation drilling in the second quarter of the year.
Key Points
- High-resolution geophysical data integration.
- Litho-structural interpretation to support exploration targeting.
- Completion of drone imagery over BIF stratigraphy.
- Identification of priority drill targets at Brunswick Hill and Mt Sandy.
- Updated disclosures following ASX discussions.
- Aiming for RC drilling in Q2 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.
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