The latest announcement is out from Ausmon Resources Limited ( (AU:AOA) ).
Ausmon Resources Limited announced promising assay results from their drilling at the East Borehole Prospect near Broken Hill, NSW. The results showed significant levels of zinc and manganese, with gallium also present, which is crucial due to its technological applications. The company plans to continue testing significant conductive anomalies and has adjusted its drilling strategy to better reach target depths. The findings could enhance Ausmon’s positioning in the mineral exploration sector, particularly given the critical nature of gallium and the recent export bans by China.
More about Ausmon Resources Limited
Ausmon Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Their primary activities include drilling and sampling for various minerals, with a particular focus on zinc, manganese, lead, and gallium, which are critical for technological applications.
Current Market Cap: A$2.85M
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