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Augustus Minerals Limited ( (AU:AUG) ) has shared an update.
Augustus Minerals has received a key Heritage Survey Report for its Music Well Gold Project in Western Australia, clearing the statutory approvals required to begin drilling and paving the way for its maiden drilling campaign at the Clifton East prospect in early 2026. The company plans an initial 1,000m reverse circulation program of 11 holes targeting multiple quartz veins along a major regional fault, following up on high-grade rock chip samples and testing a 1.2km-long soil and structural anomaly in an area with no historic drilling within 5km, potentially enhancing the project’s exploration significance and value for shareholders.
The most recent analyst rating on (AU:AUG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Augustus Minerals Limited stock, see the AU:AUG Stock Forecast page.
More about Augustus Minerals Limited
Augustus Minerals Limited is an ASX-listed exploration company focused on gold and other mineral projects in Australia and Papua New Guinea, including its Music Well, Ti-Tree, Mt Kare and Vanapa projects. The company targets structurally controlled gold systems and aims to advance high-potential prospects near established mining districts such as Leonora in Western Australia.
Average Trading Volume: 492,514
Technical Sentiment Signal: Hold
See more insights into AUG stock on TipRanks’ Stock Analysis page.