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Augustus Minerals Limited ( (AU:AUG) ) has issued an update.
Augustus Minerals Limited has completed a heritage survey and identified probable sanukitoid intrusions at its Music Well project, indicating potential for significant gold mineralization. The company is also advancing its Mt Kare Gold Project in Papua New Guinea, with plans for aggressive drilling and development to explore high-grade gold zones. The company’s cash position as of September 2025 was $1.94 million, bolstered by a recent capital raise.
More about Augustus Minerals Limited
Augustus Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. The company holds significant exploration licenses in Western Australia, particularly the Music Well Gold Project, and is involved in the Mt Kare Gold Project in Papua New Guinea.
Average Trading Volume: 561,205
Technical Sentiment Signal: Buy
For a thorough assessment of AUG stock, go to TipRanks’ Stock Analysis page.