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Ausmon Resources Limited ( (AU:AOA) ) has provided an announcement.
Ausmon Resources has reported encouraging portable XRF drilling results for rare earth elements at its Beelitz Prospect on the Limestone Coast in South Australia. The latest program comprised 20 vertical aircore holes averaging 18 metres deep on closer 500-metre spacing, aiming to refine targets within the Wilkawatt and Peake tenements for future grid-based drilling and potential resource estimation.
Partial pXRF data from five of the 14 REEs highlighted several intervals above 250 ppm TREE, and 42 higher-grade samples have been sent to ALS in Adelaide for full-suite laboratory analysis to generate Total Rare Earth Oxide values. Together with previous work at the nearby Jabuck Prospect, these results are guiding decisions on broader grid-based shallow drilling, underscoring Ausmon’s push to define REE resources that could enhance its exploration portfolio in a strategically important commodity segment.
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 identifying and advancing rare earth element prospects. The company holds tenements in South Australia, including Wilkawatt and Peake on the Limestone Coast, targeting REE mineralisation within Loxton–Parilla Sands that are of growing strategic interest to the clean energy and technology sectors.
Current Market Cap: A$2.85M
Find detailed analytics on AOA stock on TipRanks’ Stock Analysis page.