Ausmon flags encouraging rare earth hits at Beelitz prospect

Ausmon Resources Limited ( (AU:AOA) ) has issued an update.

Ausmon Resources has reported encouraging preliminary drilling results from a road verge aircore program at its Beelitz prospect in South Australia’s Limestone Coast. Twenty shallow vertical holes were drilled on a tighter 500-metre spacing, with portable XRF readings highlighting several intervals above 200 ppm total rare earth elements from near-surface zones.

Only partial data for five rare earth elements have been reported so far, with 42 higher-grade samples and additional QA/QC material sent to ALS in Adelaide for full-suite REE and TREO analyses. The results will guide decisions on follow-up grid-based drilling at Beelitz and possibly the nearby Jabuck prospect, shaping Ausmon’s next steps in defining rare earth resource potential across its Limestone Coast tenements.

The most recent analyst rating on (AU:AOA) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Ausmon Resources Limited stock, see the AU:AOA Stock Forecast page.

More about Ausmon Resources Limited

Ausmon Resources Limited is an Australian exploration company focused on rare earth elements within South Australia’s Limestone Coast region. The company holds exploration licences including Wilkawatt and Peake, targeting REE mineralisation in Loxton–Parilla Sands as it seeks to define potential resources in emerging critical minerals districts.

Current Market Cap: A$2.85M

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