Augustus Minerals Limited (AU:AUG) has released an update.
Augustus Minerals has secured a government-funded grant to advance their Minnie Springs project, drilling deeper into a potential copper and molybdenum porphyry system. The grant will support two 700m deep diamond drill holes, aimed at mapping the system’s structure and possibly discovering higher-grade mineralization. Recent drilling results have already shown promising signs of a significant mineral presence, sparking interest for further exploration.
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