Ann: Copper Ridge Expanded 117%, page-13

Augustus Minerals (ASX: AUG; “Augustus” or the “Company”) is pleased to advise that it has locked in dates to conduct an Aboriginal Heritage survey with the Yinggarda, Baiyungu & Thalanyji combined claimant group that speak for approximately 70% of the Augustus tenure of 3,600km2.

Highlights

• Aboriginal Heritage surveys to commence early August
• Aboriginal Heritage survey will cover drill targets for copper, rare earths and lithium
• Heritage survey is with the largest Traditional Owner combined group (Yinggarda, Baiyungu & Thalanyji) which represents approximately 70% of the tenement package
• Field staff employed, exploration camp already established on site Drilling to commence immediately post final approvals

This first survey will concentrate on key prospect areas:

• Copper - Crawford Bore, Nicks Bore, Copper Ridge and Minnie Springs;
• Rare Earths – Mac’s Well; and
• Lithium – Birthday Well.

It is expected that the survey will be conducted during the 2nd and 3rd week of August, which upon receiving all final clearances will allow drilling activities to commence soon after.

Andrew Reid, Managing Director

“This Aboriginal Heritage survey is the last milestone required to be completed prior to drilling activities commencing. The prospects to be surveyed are the main target areas generated across the tenement package and will be sufficient to complete drilling activities for the remainder of the 2023 drill season. We look forward to getting on the ground and start drilling in the coming weeks.”

Figure 1. Tenement location map and mineral prospects overlain with the Yinggarda, Baiyungu & Thalanyji claimant boundary

Click here for the full ASX Release

This article includes content from Augustus Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

21 August

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