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Octava Minerals Limited (ASX:OCT)

ALERT: Price-sensitive ASX Announcement for OCT
Current share price for OCT : $0.018 -0.007 (-28%)+
Announcement
Release
14 Jul 2026 8:24AM
Price at Release
$0.025
Full Release
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Summary
Octava Minerals Limited has outlined a significant exploration target at their Byro Critical Minerals Project, estimated to be between 4.9 to 7.4 billion tonnes of mineralised black shale rich in Total Rare Earth Oxide, Lithium Oxide, and Vanadium Oxide. The exploration target was derived from exploration work which included 16 air-core drill holes, covering a significant area. The grades obtained are consistent with recoveries from previous bioleaching testwork. The exploration efforts are aligned with JORC 2012 standards and aim to progress towards establishing a maiden Mineral Resource for the project.
Key Points
  • Exploration target at Byro is between 4.9 to 7.4 billion tonnes of mineralised black shale.
  • The target commodities are Total Rare Earth Oxide (TREO), Lithium Oxide (Li2O), and Vanadium Oxide (V2O5).
  • The grades are consistent with previous bioleaching testwork recoveries of 70-80% within a 21-day period.
  • Exploration includes 16 air-core drill holes covering an area of 11 x 10 km to a depth of 50 meters.
  • Conceptual exploration target is prepared according to JORC 2012 standards.
  • Future steps involve progressing towards a maiden Mineral Resource estimate for Byro.
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.