Australian Mines Limited (AU:AUZ) has released an update.
Australian Mines Limited is excited to announce the initiation of Phase 3 exploration at the Jequie REE and Niobium project, with a focus on the Jequie North and South areas. The company has begun detailed geological mapping and sampling in these high-priority regions, which show promising thorium anomalies and potential for rare earth element deposits. CEO Andrew Nesbitt emphasizes the strategic and cost-effective exploration efforts, aiming to pave the way for a future maiden drilling program.
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