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Ausmon Resources Limited ( (AU:AOA) ) has issued an announcement.
Ausmon Resources has commenced an infill drilling program for rare earth elements at its Beelitz Prospect on the Limestone Coast in South Australia, within the Wilkawatt and Peake exploration licences. The campaign will comprise 20 vertical holes to an average depth of 18 metres, drilled along road verges at 500‑metre spacing—denser than previous 1‑kilometre intervals—with the objective of defining zones suitable for future grid-based drilling and supporting potential REE resource estimates, a step that could advance the project’s maturity and clarify its strategic value within the growing critical minerals sector.
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 rare earth elements and other mineral resources. The company holds exploration licences in South Australia’s Limestone Coast region, including the Wilkawatt and Peake tenements, where it is targeting REE mineralisation in the Loxton and Parilla Sands formations.
Current Market Cap: A$2.85M
See more data about AOA stock on TipRanks’ Stock Analysis page.