AUZ 10.0% 1.1¢ australian mines limited

Ann: Phase 2 Exploration commences, page-12

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  1. 15,970 Posts.
    lightbulb Created with Sketch. 2305
    So glad I loaded up on the close at 1.4c , been waiting for a good entry point on this one.

    Heading for 2c next week...

    Exploration will commence on 19February 2024.
    • The purpose of the exploration is to further progress the 30km by 2.5km airborne radiometric thorium anomaly 3 prospective for Ionic Adsorption Rare Earths deposits to a drill ready stage.
    • In addition, newly identified desk top targets within the Jequie Niobium Rare EarthProject and those tenements not previously reviewed will be ground truthed toidentify additional targets for follow-up.
    • A stream sediment sampling programme is to be completed at the Resende LithiumProject to identify potential drilling targets.

    AUZ’s CEO, Andrew Nesbitt commented “To date a very limited portion of 826 squarekilometres within the Jequie project has even been looked at, this programme has thepotential to identify additional priority targets. We are very encouraged about the targetpreviously announced and look forward to developing this target further while waiting forthe sample assay results”.
    Last edited by kellbys: 15/02/24
 
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