InvestSMART

Octava Minerals Limited (ASX:OCT)

ALERT: Price-sensitive ASX Announcement for OCT
Current share price for OCT : $0.021 -0.025 (-54.35%)+
Announcement
Release
25 Nov 2025 8:21AM
Price at Release
$0.046
Full Release
download
Summary
Octava Minerals Limited, an Australian-based critical minerals exploration company, has confirmed high-grade indium results from re-assays of rock chips from old workings at the Sweeney's prospect, part of the Federation Cu-Zn-Ag Project in Tasmania. Indium grades up to 860ppm were identified, marking a promising multi-element mineralisation at the site. A diamond drill rig is being mobilised to commence drilling at Sweeney's, making it the first drill campaign there since the late 1970s. The company also completed a Fixed Loop Electromagnetic (FLEM) survey that showed strong conductance, indicating good sulphide mineral connectivity. The survey demonstrated that EM could effectively target base metal sulphide mineralisation in non-conductive granite host rock, an approach not previously used in the Federation Project. With over $2 million in cash reserves, Octava is well-positioned to proceed with its exploration activities.
Key Points
  • High-grade indium confirmed at Sweeney's prospect with up to 860ppm.
  • Diamond drill rig mobilising to commence drilling at Sweeney's.
  • Successful outcome from the EM survey indicates strong sulphide connectivity.
  • FLEM survey effective for targeting base metal sulphide mineralisation.
  • First drilling campaign at Sweeney's since the late 1970s.
  • Octava has over $2 million in cash for exploration activities.
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.