Augustus Minerals Excites with High-Grade Discoveries

Augustus Minerals Limited (AU:AUG) has released an update.

Augustus Minerals Limited has been awarded a co-funded drilling grant of $110,000 for deep drilling at the Minnie Springs Cu-Mo prospect, with potential high-grade copper and molybdenum zones identified at depth. High-grade copper and significant silver assays have been reported at the new Tiberius and Claudius prospects, with ongoing field work and geophysical surveys aimed at exploring additional targets. The company also announced a strong cash position and recent funding through a placement, highlighting its robust financial standing and ongoing exploration efforts.

For further insights into AU:AUG stock, check out TipRanks’ Stock Analysis page.