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An announcement from Australian Mines ( (AU:AUZ) ) is now available.
Australian Mines has reported strong initial assay results from the first three diamond drill holes of its 11‑hole 2025 campaign at the Boa Vista Gold Project in Brazil, confirming broad, continuous gold mineralisation with higher‑grade internal zones within the interpreted mineralised envelope. The standout hole, VGADD0002, delivered 120 metres at 1.34 g/t gold, including 16 metres at 3.53 g/t, ranking as the project’s second‑best gram‑metre intercept to date and reinforcing the potential for a continuous mineralised system along strike and down dip. With assays for eight holes still pending, the company plans to integrate the new data into updated mineralisation models and targeting, which will guide follow‑up drilling priorities and help refine its exploration strategy toward potential resource definition at Boa Vista.
The most recent analyst rating on (AU:AUZ) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Australian Mines stock, see the AU:AUZ Stock Forecast page.
More about Australian Mines
Australian Mines Limited is an ASX-listed exploration company focused on gold and other mineral projects, including the Boa Vista Gold Project in Brazil. The company is currently advancing an earn-in option over Boa Vista, targeting the definition of a continuous, economically significant gold mineralised system through systematic drilling and geological modelling.
Average Trading Volume: 7,468,025
Technical Sentiment Signal: Buy
Current Market Cap: A$43.06M
Find detailed analytics on AUZ stock on TipRanks’ Stock Analysis page.