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The latest update is out from Ausmon Resources Limited ( (AU:AOA) ).
Ausmon Resources has completed an infill drilling program targeting rare earth elements at the Beelitz Prospect on the Limestone Coast in South Australia, conducting 20 vertical holes to an average depth of 18 metres and tightening drill spacing from one kilometre to approximately 500 metres. The program aims to refine potential target areas for future grid-based drilling and resource estimation, with pXRF scanning of collected samples now underway to guide laboratory assays for Total Rare Earth Oxide results and inform decisions on subsequent drilling campaigns at Beelitz.
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 mineral exploration company focused on discovering and developing resources such as rare earth elements, with exploration tenements in South Australia including the Limestone Coast region. The company targets mineralised sand formations, positioning itself to benefit from growing demand for critical minerals used in advanced technologies and clean energy applications.
Current Market Cap: A$2.85M
Find detailed analytics on AOA stock on TipRanks’ Stock Analysis page.