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Australian Mines ( (AU:AUZ) ) has issued an update.
Australian Mines reported strong progress at its Boa Vista Gold Project in Brazil during the March quarter, with its VG1 prospect delivering some of the highest gram-metre gold intercepts recorded on the property to date and confirming mineralisation remains open along strike and at depth. The company is advancing drilling to define the geometry and continuity of the system and plans to complete a maiden JORC Mineral Resource estimate for VG1 in the June quarter, signalling a potential step-change in the project’s maturity and value.
At its Flemington scandium–nickel–cobalt project in New South Wales, recent drilling reaffirmed a substantial high-grade core within the current Mineral Resource and pointed to expansion potential to the north and east of the existing resource area. Together, the results from Boa Vista and Flemington strengthen Australian Mines’ project pipeline and support its strategic positioning in both gold exploration and critical battery metals.
More about Australian Mines
Australian Mines Limited is an exploration company focused on gold and battery metals, with key assets including the Boa Vista Gold Project in Brazil and the Flemington scandium–nickel–cobalt project in New South Wales. The company targets large-scale, high-grade mineral systems in tier-one jurisdictions to underpin future resource development and potential production.
YTD Price Performance: 35.29%
Average Trading Volume: 5,553,772
Technical Sentiment Signal: Hold
Current Market Cap: A$47.16M
For an in-depth examination of AUZ stock, go to TipRanks’ Overview page.