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OzAurum Resources Limited (ASX:OZM)

ALERT: Price-sensitive ASX Announcement for OZM
Current share price for OZM : $0.082 -0.014 (-14.58%)+
Announcement
Release
11 May 2026 9:50AM
Price at Release
$0.096
Full Release
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Summary
OzAurum Resources Limited announced significant results from its Paleochannel Project at Mulgabbie North, highlighting high-grade shallow gold mineralization. The results from the recent batch of drilling demonstrate strong grades and continuity of gold mineralization, crucial for the ongoing feasibility study and development plans for the Mulgabbie heap leach plant. This batch included significant intercepts such as 5m at 5.26 g/t Au and 6m at 4.28 g/t Au. These findings support the company's development schedule and indicate potential for resource expansion and increased plant throughput. The Mulgabbie North Project is positioned to become a scalable operation with potential for growth beyond its initial resources.
Key Points
  • High-grade shallow gold mineralization confirmed at Mulgabbie North.
  • Significant results from 84 RC holes in the second batch of drilling.
  • Strong grades and continuity support feasibility study and development plans.
  • Potential for increased resource base and plant throughput.
  • Mulgabbie North positioned as a scalable operation with growth potential.
  • Key intercepts include 5m at 5.26 g/t Au and 6m at 4.28 g/t Au.
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.