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Olympio Metals Limited (ASX:OLY)

ALERT: Price-sensitive ASX Announcement for OLY
Current share price for OLY : $0.032 -0.008 (-20%)+
Announcement
Release
24 Aug 2026 8:04AM
Price at Release
$0.040
Full Release
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Summary
Olympio Metals Limited is advancing its acquisition of the Jacknife High-Grade Silver Project in Idaho, USA, after completing due diligence. This project includes the Conjecture Mine, notable for its historical silver production of over 8.22 million ounces, albeit classified as a foreign estimate not JORC compliant. Olympio's acquisition agreement with Scout Discoveries Corp makes them an in-country partner, helping to navigate the 335 acres of patented mining claims. These claims are strategically located in a mineral-rich region and require minimal permitting, enabling rapid exploration. Olympio has identified several drill-ready targets and is set to commence exploration to validate and expand upon historical data.
Key Points
  • Olympio Metals Limited has completed due diligence and is proceeding with the acquisition of the Jacknife High-Grade Silver Project in Idaho, USA.
  • The acquisition agreement is with Scout Discoveries Corp, which will become Olympio’s in-country technical and operational partner.
  • The Jacknife Project includes the Conjecture Mine, which has a historical foreign estimate of 8.22 million ounces of silver.
  • The project area covers 335 acres of patented mining claims, which do not require federal permitting for exploration.
  • Historical production from the Jacknife Project includes over 3.2 million ounces of silver with significant grades.
  • Olympio plans to advance exploration immediately and has identified drill-ready targets across the project area.
  • Olympio has a strategic alliance with Scout Discoveries, which will also receive shares in Olympio following the company's AGM.
  • The Jacknife Project's geological structures are comparable to other significant deposits in the Silver Valley Mining District.
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.