News Articles for Augustus Minerals

Soil sampling by Augustus Minerals has defined soil gold anomalism near Leonora in WA over a 1.2km x 0.6km footprint, with peak values ranging up to 44.1ppb. The high-grade core of the anomalism appears to be surrounded by a halo of lower but still significant soil values in the range of 2.7-9.3ppb gold, possibly associated with a lithological boundary.

Augustus Minerals has expanded its push into PNG, home to multiple elephant sized mineral deposits, with an EL application covering 1906 sq km in the prospective Vanapa River region, 35km north of Port Moresby. The move follows a recent site visit by management, where local artisanal miners were extracting decent amounts of alluvial gold within the application area, part of the 2300km long New Guinea Metallogenic Belt.

Augustus Minerals has applied for an exploration licence at the historic Mt Kare goldfield in Papua New Guinea, adjacent to the 32-million-ounce Porgera deposit. The application, if granted could be a game changer for the $10m market capped company and Augustus appears to have ticked all the boxes in its drive to land the 2m ounce Mt Kare.

Augustus Minerals has wrapped up a 1,173 sample auger soil program at its Music Well gold project north of Leonora in Western Australia, testing extensions at its Clifton Dodd's and St Patricks targets, while running first pass lines across the new Golden Dingo nugget trend Samples are at the lab with multi element results due in weeks, with a Heritage Survey Report pending to clear the path for the company's maiden drilling.

Augustus Minerals is zeroing in on outcropping veins with visible gold across its Music Well ground north of Leonora, where rock chips have run to a sky-high 122.8g/t. Heritage surveys are underway ahead of the first imminent RC drill holes. A looming PNG asset could add further significant upside for the company. Augustus is second in line for the highly prospective Mt Kare project, which it is pursuing through an application phase, with drill planning underway.

Not-for-profit legal organisation The Piddington Society has announced the appointment of Tracey Cinavas-Prosser as executive officer, commencing in August.

Two junior miners linked to contract mining veteran Brian Rodan have announced leadership changes today.

This week's Bulls N' Bears Runner of the Week is … Killi Resources. Its share price jumped 262.5 per cent on the back of several stunning rock-chip assays that returned grades of 238 grams per tonne gold and 5.4 per cent copper. Other movers and shakers this week were Augustus Minerals, Moab Minerals and Clara Resources.

Our board moves wrap includes Andrew Reid and Chris van Wijk.

Augustus Minerals aims to build on foundations laid at its prosperous Ti-Tree Shear project this year.

Critical minerals hopeful Augustus Minerals has made its debut on the ASX after taping investors for $10 million through an initial public offering.