Augustus Minerals Limited (AU:AUG) has released an update.
Augustus Minerals Limited has revealed promising potential for high-grade copper (Cu) and molybdenum (Mo) zones at depth in their Minnie Springs project, following the reprocessing of historic geophysical data and recent drilling activities. The geological re-evaluation suggests the possibility of extending the known near-surface molybdenum-rich zones as well as uncovering more valuable mineralisation deeper underground, with plans to further investigate these findings with two EIS-funded holes.
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