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Ausmon Resources Limited ( (AU:AOA) ) has issued an update.
Ausmon Resources Limited has completed vehicular traverses in its tenements in the Murray Basin, South Australia, to prepare for an upcoming shallow Aircore Drilling program targeting Rare Earth Elements. The company is awaiting approval from the Department of Energy and Mining of South Australia for its drilling program, following promising results in previous explorations, which could enhance its competitive position in the REE market.
More about Ausmon Resources Limited
Ausmon Resources Limited operates in the mining industry, focusing on the exploration and development of Rare Earth Elements (REE) in South Australia. The company concentrates on the Loxton/Parilla sands within the Murray Basin, which are known for their potential REE deposits.
Current Market Cap: A$2.41M
For a thorough assessment of AOA stock, go to TipRanks’ Stock Analysis page.