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Augustus Minerals Limited ( (AU:AUG) ) just unveiled an announcement.
In its December quarter report, Augustus Minerals outlined strong exploration progress at its flagship Music Well Gold Project in Western Australia, where a 1,173-sample auger soil program expanded gold geochemical footprints at the Clifton East, Dodd’s, St Patrick’s and Golden Dingo prospects, delineated new undercover targets, and prioritised Clifton East for reverse circulation drilling scheduled to begin in mid-February 2026 following receipt of a key heritage survey report. In Papua New Guinea, the company continued to advance the Mt Kare Gold Project through the permitting system and intensive landowner engagement while positioning itself as the preferred development partner for this rare alkali epithermal gold system, applied for the large Vanapa River exploration licence in a frontier portion of the New Guinea Mobile Belt where site visits confirmed widespread artisanal alluvial gold mining, strengthened its board with the appointment of experienced former AngloGold Ashanti executive Richard Jordinson as a non-executive director, and closed the quarter with a cash balance of $1.07 million to support ongoing work.
The most recent analyst rating on (AU:AUG) stock is a Hold with a A$0.04 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 mineral exploration company focused on gold projects in Australia and Papua New Guinea. Its key assets include the Music Well Gold Project in Western Australia’s Leonora/Laverton Greenstone Belt and advanced exploration licence applications at Mt Kare and Vanapa River in Papua New Guinea, targeting large-scale gold and copper-gold systems in highly prospective but underexplored districts.
Average Trading Volume: 369,940
Technical Sentiment Signal: Hold
See more data about AUG stock on TipRanks’ Stock Analysis page.