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AUG - Augustus Minerals

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Augustus Minerals Limited (AUG) is an Australian Exploration Company exploring for Lithium, Rare Earths & Copper in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,600km2 of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon.

The Company holds the Ti Tree Shear Project (Project) overlapping an 85km strike length of the Ti Tree Shear located in the Gascoyne Region of Western Australia, which the Company considers to be prospective for gold, copper, molybdenum, lithium, rare earth elements, nickel and platinum group elements (PGEs). Through exploration to date, the Company has identified 50 high priority drill targets in the Crawford Bore, Minnie Springs, Lyons Central and Mount Phillips target areas within the Project.

The Ti Tree Shear Project is located about 200km inland from Carnarvon and is in the shires of the Upper Gascoyne and Carnarvon.

AUG will list on the ASX on 25 May 2023.

 
Listing date25 May 2023 ; 11:00 AM AEST ##
Contact detailshttps://www.augustusminerals.com.au/
61 8 6458 4200
Principal ActivitiesMining
industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeAUG
Capital to be Raised$10,000,000
Expected offer close date03 May 2023
UnderwriterNot underwritten. Morgans Corporate Limited (Lead Manager)
 
Been listed since May... baby steps?

Highlights
Successful listing on ASX raising $10m (before costs) at Initial Public Offering, oversubscribed and well supported
• Strategy to capture critical mineral value from high quality lithium, rare earth and copper targets
• Exploration activities in the field commenced, concentrating on high priority lithium and rare earth targets, mapping and rock chip sampling
• Ironstone (rare earth) discoveries at Bentley and Mac’s Well. Bentley mapped over a strike length of approx. 400m. Rock chip sample results are pending
• Exploration camp mobilised to site
• Preparation for drilling activities next quarter commenced


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Last edited:
December 7, 2023
  • Augustus Minerals (ASX:AUG) wraps up drilling at its Ti-Tree project in Western Australia
  • While Ti-Tree is prospective for lithium, today’s news relates to copper-gold
  • The company spotted minerals often coincident with copper and gold in quartz but did not mention visually identifying target minerals
  • Assays are due back in the coming weeks ahead of fresh Q1 CY24 drilling
 
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