Ausmon Resources Optimistic After Drill Results

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

Ausmon Resources Limited reports promising results from their second phase drilling program for rare earth elements at Parrakie EL 6795 in South Australia, with significant drill intersections revealing high grades of TREO and Zirconium. The 55 drilled holes have confirmed the target Loxton/Parilla Sands, and the Chief Geologist expresses optimism for the potential of significant ionic clay REE mineralization, as the company prepares for Phase 3 drilling. Ausmon Resources is also securing strategic land positions with new tenements, enhancing their exploration prospects.

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