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Augustus Minerals Limited ( (AU:AUG) ) has issued an announcement.
Augustus Minerals Limited has announced the acquisition of Music Well Gold Mines Pty Ltd, encompassing the 1,345 sq km Music Well Gold Project near Leonora, Western Australia, an area known for substantial gold endowment. The project includes high-grade gold findings from St Patrick’s Well and Clifton East. Additionally, the company reported successful drilling results at the Ti-Tree Project, indicating potential for molybdenum and copper resources. These developments, along with a recent capital raise, position Augustus Minerals for enhanced exploration and growth opportunities in a resource-rich region.
More about Augustus Minerals Limited
Augustus Minerals Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is engaged in projects primarily targeting gold and other mineral commodities in regions with significant mining activities.
YTD Price Performance: -8.00%
Average Trading Volume: 222,131
Technical Sentiment Consensus Rating: Sell
Learn more about AUG stock on TipRanks’ Stock Analysis page.
