Overview of Augustus Minerals' RC drill program at Ti-Tree Project

Augustus Minerals Limited (ASX: $AUG) has commenced a 3,400m reverse circulation (RC) drill program at the Ti-Tree Project, located approximately 200kms east of Carnarvon in Western Australia. The program aims to follow-up on the 2023 program's strong copper intervals and define the potential of a substantial mineral system at the project.

Executive Commentary on Ti-Tree Project's RC Drill Program

Andrew Ford, GM Exploration, expressed, 'The 2023 program intersected one of the strongest copper intervals in this region to date. Combined with the extensive surface anomalism and the large nearby Minnie Springs Molybdenum Porphyry, we affirm our belief of the potential of a substantial mineral system at this project.' He further added, 'Drilling will be conducted north, south and at depth of MSRC012 to further define extensions of the Minnie Springs copper discovery intersected last year. This program will also give us a first look at the northern half of the 2km long high-level copper anomaly.' The deeper diamond program scheduled for June will provide drill coverage between the molybdenum mineralised core intrusion and the large copper-in-soil anomaly.

Summary of Augustus Minerals' RC Drill Program at Ti-Tree Project

Augustus Minerals (ASX: $AUG) has initiated a 3,400m reverse circulation (RC) drill program at the Ti-Tree Project to follow-up on the strong copper intervals from the 2023 program and define the potential of a substantial mineral system. The program will cover the 3.5km long soil copper anomaly and target the northern 2km of the strong copper-in-soil anomaly that has now had Heritage Clearance. Additionally, a deeper diamond drilling program is planned for June to test the undrilled area between the molybdenum mineralisation and the 3.5km long copper-in-soil trend. The company aims to explore critical minerals vital for the advancement of electric vehicles and renewable energy, leveraging its significant local critical minerals experience in finding, developing, and operating mines.