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Ausmon Resources Limited ( (AU:AOA) ) has issued an update.
Ausmon Resources Limited has completed a shallow Aircore drilling program for rare earth elements in South Australia’s Limestone Coast, covering tenements Parrakie, Wilkawatt, and Peake. The program, which drilled 57 holes totaling 1,001 meters, aims to test the extension of previously identified intersections and minimize environmental disruption. Initial samples have been sent for analysis, with results pending, potentially impacting the company’s exploration success and positioning in the rare earth elements market.
More about Ausmon Resources Limited
Ausmon Resources Limited is a company involved in the exploration of rare earth elements (REEs) in South Australia. The company focuses on tenements in the Murray Basin, which are known for hosting Loxton/Parilla sands that are prospective for REEs.
Current Market Cap: A$2.14M
For an in-depth examination of AOA stock, go to TipRanks’ Stock Analysis page.