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Austin Metals Limited (ASX:AYT)

ALERT: Price-sensitive ASX Announcement for AYT
Current share price for AYT : $0.003 -0.001 (-28.57%)+
Announcement
Release
29 Jul 2026 8:56AM
Price at Release
$0.004
Full Release
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Summary
Austin Metals Limited reported significant progress in its June 2026 quarterly activities for the Austin Gold Project, highlighting the completion of a Northern Zone targeting program, which integrated various advanced exploration technologies. The program defined multiple drill-ready gold targets across approximately 12 kilometers of BIF outcrop. The company commenced a 4,000-meter RC drilling program, completing 21 holes to test various targets at Brunswick Hill and Mt Sandy. Corporate developments included the appointments of a new Exploration Manager and a Non-Executive Director, enhancing their technical and corporate capabilities. The company also reported on its financial movements, indicating expenditures primarily on exploration, with the report providing a comprehensive overview of its cash flow management during the period. No field activities were reported for the Ashburton Project, as resources were focused on the Austin Gold Project.
Key Points
  • Completion of Northern Zone targeting program at Austin Gold Project.
  • Integration of field mapping, drone imagery, high-resolution magnetic data, and geochemistry.
  • Definition of multiple drill-ready gold targets along 12km of BIF outcrop.
  • Commencement and completion of 4,216-meter RC drilling program.
  • No field activities undertaken at the Ashburton Project.
  • Corporate appointments of Geoff Willetts as Exploration Manager and Gary Harvey as Non-Executive Director.
  • Net cash used in operations for the quarter was $236,000.
  • Expenditure prioritized on the Austin Gold Project drilling program.
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.