Augustus Minerals aims to build on foundations laid at its prosperous Ti-Tree Shear project this year.
The Andrew Reid-backed exploration company, which holds a massive tenement footprint in Western Australia's Gascoyne region, told the market on Monday it was keen to build on 2023 lessons and generate further positive outcomes.
“Over the last seven months since (our) ASX listing, we have completed regional reconnaissance over substantial portions of the tenement package, finalised three Aboriginal heritage surveys and conducted a 9,000-metre reverse cycle drilling program over the first six of our high-priority targets," Mr Reid said.
“In 2024, we intend to expand upon what we have learned in 2023 delivering great exploration results as we begin to follow up recent results, including the copper complex at Minnie Springs, while working at the same time to explore for new prospects in unexplored territory."
Augustus's Ti-Tree project is located 60 kilometres north of Gascoyne Junction and comprises several exploration licences.
The West Perth-based company plans to conduct reverse cycle drilling at a number of its Ti-Tree prospect locations this year, including at Minnie Springs.
Deeper diamond drilling at Minnie Springs is also likely to occur during the second quarter of 2024, while soil sampling and geophysical survey operations in locations deemed prospective.
On May 25 last year, Augustus made its trading debut on the ASX, after raising $10 million through an initial public offering to investors, at 20 cents per share.
Shares closed at 21.5 cents per share on the opening day of trading, after hitting a peak of 25 cents per share. As of 12.16pm AEST on Monday, Augustus shares were trading at 14.5 cents per share.
