AUG augustus minerals limited

Drilling deep holes like Andrew Reid is doing drains the coffers...

  1. 35,643 Posts.
    lightbulb Created with Sketch. 2310
    Drilling deep holes like Andrew Reid is doing drains the coffers very fast accentuated if having to go to DD deeper that around 280 meters , why is he not drilling East of the previous semi successful hole #12 back towards the Minger fault with RC and then tail it with DD if needed ?
    Or maybe scissor hole #12 where it intercepts the ore from the West ?
    Also why no more drilling around copper ridge which had a decent shallow high grade hit ? Does he feel Copper ridge will have too short a strike to be viable ?
    A bit of info of why they have not run a seismic survey prior to drilling would be welcomed IMHO .
    I guess you would class this as high risk /high reward as looks like they are looking for a large but relatively low grade porphyry Cu/Mo type deposit .
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
4.5¢
Change
0.000(0.00%)
Mkt cap ! $7.647M
Open High Low Value Volume
4.6¢ 4.6¢ 4.1¢ $7.317K 166.4K

Buyers (Bids)

No. Vol. Price($)
1 1410 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 59825 2
View Market Depth
Last trade - 15.48pm 25/07/2025 (20 minute delay) ?
AUG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.