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The latest update is out from Augustus Minerals Limited ( (AU:AUG) ).
Augustus Minerals Limited has announced its progress in securing a ‘second-in-time’ exploration license application for the Mt Kare Gold Project in Papua New Guinea. The company is actively engaging with stakeholders and government departments to advance the application. If successful, Augustus plans to rapidly develop the site with aggressive drilling and advanced geological studies. The project is strategically significant due to its proximity to the Porgera gold deposit and the potential for high-grade gold zones. The company’s leadership, with extensive experience in mining and exploration, positions Augustus well to meet the technical and financial requirements for advancing the Mt Kare Project.
More about Augustus Minerals Limited
Augustus Minerals Limited is an ASX-listed company operating in the mining industry, primarily focusing on gold exploration and development. The company, through its subsidiary ACM Contract Mining PNG Ltd, is involved in securing exploration licenses and advancing mining projects, particularly in Papua New Guinea.
Average Trading Volume: 280,690
Technical Sentiment Signal: Buy
For an in-depth examination of AUG stock, go to TipRanks’ Overview page.