Augustus Minerals (ASX:AUG) announces discovery of high-grade copper zone

Augustus Minerals Limited (ASX:AUG) has announced the discovery of a 1km long copper zone grading up to 3% at the Ti-Tree Project. The new assays from ongoing field work and rock chip sampling programs conducted on the new Nero prospect have revealed high-grade copper rock chips assaying up to 3.1% and up to 11g/t silver over a strike length of 1.1km. The mineralisation is hosted within malachite bearing quartz veins in dolerite and granite along a northeast trending zone of faults. Mapping and field work are ongoing to identify suitable drilling platforms for future programs to be conducted.

Executive Commentary on Discovery of Copper Zone

The Company is pleased to announce the latest rock chip assays from the Ti-Tree project, which have revealed significant high-grade copper and silver mineralisation at the Nero prospect. The discovery of the 1km long copper zone with grades of up to 3% and silver grades up to 11g/t is a promising development for Augustus Minerals. The ongoing mapping and field work to identify suitable drilling platforms for future programs are crucial steps in further exploring and potentially developing this discovery. We are committed to exploring for critical minerals vital for the advancement of electric vehicles and renewable energy, and this discovery aligns with our strategic goals and ambitions.

Summary of Augustus Minerals' Copper Zone Discovery

Augustus Minerals Limited (ASX:AUG) has made a significant discovery of a 1km long copper zone grading up to 3% at the Ti-Tree Project. The high-grade copper and silver mineralisation, hosted within malachite bearing quartz veins in dolerite and granite, presents a promising opportunity for the company. The ongoing mapping and field work to identify suitable drilling platforms for future programs indicate the company's commitment to further explore and potentially develop this discovery. With 100% ownership of approximately 3,600km2 of tenements highly prospective for lithium, rare earths, and copper, Augustus Minerals is well-positioned to capitalize on this discovery and contribute to the advancement of critical minerals vital for electric vehicles and renewable energy.