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The latest announcement is out from Ausmon Resources Limited ( (AU:AOA) ).
Ausmon Resources has reported encouraging laboratory assay results from a February 2026 aircore drilling campaign at the Beelitz Prospect on its Wilkawatt and Peake tenements in South Australia. Twenty vertical holes were drilled along road verges to an average depth of 18 metres, with standout intersections including up to 915.5 ppm total rare earth oxides over 1 metre and several zones exceeding 600 ppm.
The program, which tightened drill spacing to about 500 metres, is intended to pinpoint areas for more detailed grid-based drilling that could underpin future REE resource estimates at Beelitz. Together with earlier positive results from the nearby Jabuck Prospect, the assays support Ausmon’s plans for broader grid drilling across both prospects, with the pace and priority of work to be shaped by land access agreements and community support.
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 in South Australia, particularly within the Loxton/Parilla Sands region. The company targets sediment-hosted REE mineralisation through shallow aircore drilling across tenements including Wilkawatt and Peake, aiming to define resources that can position it within the growing critical minerals supply chain.
Current Market Cap: A$2.85M
For detailed information about AOA stock, go to TipRanks’ Stock Analysis page.