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Augustus Minerals Limited ( (AU:AUG) ) has issued an update.
Augustus Minerals has issued a retraction and clarification to its December 2025 quarterly activities report, withdrawing a 3D geological model image of the Mt Kare Project because it cannot currently provide all the information required to support the previously reported mineralised bodies, and advising investors not to base investment decisions on that material. The company also highlighted ongoing progress across its portfolio, including an expanded gold geochemical footprint and imminent RC drilling at the Clifton East prospect at Music Well, continued advancement of permitting and landowner engagement for the Mt Kare and Vanapa River exploration licence applications in Papua New Guinea, and the strategic appointment of veteran mining executive Richard Jordinson to the board, as it seeks to build its position in major gold districts while managing disclosure standards and regulatory processes.
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, including the Music Well and Ti-Tree projects in Western Australia and the Mt Kare and Vanapa River projects in PNG. The company targets highly prospective gold systems, including rare alkali epithermal deposits, and seeks to position itself as a preferred development partner in key frontier exploration districts.
Average Trading Volume: 371,102
Technical Sentiment Signal: Hold
For a thorough assessment of AUG stock, go to TipRanks’ Stock Analysis page.