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OzAurum Resources Limited (ASX:OZM)

ALERT: Price-sensitive ASX Announcement for OZM
Current share price for OZM : $0.084 -0.011 (-11.58%)+
Announcement
Release
26 May 2026 8:23AM
Price at Release
$0.095
Full Release
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Summary
OzAurum Resources Limited announced significant high-grade gold intercept results from its Paleochannel Prospect at the Mulgabbie North Project, with notable results such as 3 meters at 6.17 g/t gold. The company is undertaking a refurbishment of a heap leach agglomeration plant to support its operations, engaging Polaris Engineering to handle the refurbishments. With the potential for district-scale exploration success, similar to the Kanowna Belle deposit, OzAurum plans further exploration and drilling to effectively capitalize on the mineralization in the area.
Key Points
  • OzAurum Resources Limited (OZM) reported high-grade gold intercepts from the Paleochannel Prospect, part of the Mulgabbie North Project.
  • Significant drilling results included 3 meters at 6.17 g/t gold, including 1 meter at 16.06 g/t gold, and 6 meters at 2.83 g/t gold, including 1 meter at 12.33 g/t gold.
  • The Paleochannel Prospect is highlighted for its potential in district-scale exploration, akin to the Kanowna Belle deposit.
  • OzAurum is advancing the refurbishment of a heap leach agglomeration plant, with work contracted to Polaris Engineering.
  • The plant refurbishment plan includes upgrading conveyors and the cement silo to ensure efficient project startup.
  • Further exploration and drilling are planned to expand mineralization understanding at the Paleochannel Prospect.
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.