Augustus Minerals (ASX: $AUG) announces high grade copper and silver discoveries

Augustus Minerals Limited (ASX: $AUG) has reported the discovery of two new prospects, Tiberius and Claudius, at the Ti-Tree Project in Western Australia. The rock chips from recent field work have returned high-grade copper and significant silver assays, with grades up to 17.8% Cu and 282g/t Ag discovered on the Tiberius zone, and grades up to 6.6% Cu and 86g/t Ag discovered on the Claudius prospect. The discovery of these prospects, located 30km northwest from Copper Ridge, highlights the significant prospectivity of the Gascoyne region. Further field work is being planned to determine the extent of these new discoveries.

Executive Commentary on Ti-Tree Project Discoveries

These results highlight the potential of this underexplored area to host as yet undiscovered mineralisation. Less than 5% of the 3,600 sq km area of the Ti-Tree Project has had any previous exploration, and to discover unrecorded historic mining areas is very exciting. These results are a credit the Augustus geological team.

Summary of Ti-Tree Project Discoveries

Augustus Minerals' recent reconnaissance mapping and sampling at the Ti-Tree Project have led to the discovery of high-grade copper and significant silver assays at the Tiberius and Claudius prospects. The company is planning further field work to determine the extent of these new discoveries. The underexplored area of the Ti-Tree Project shows potential for hosting undiscovered mineralisation, with less than 5% of the area having had any previous exploration. The company's focus on critical minerals vital for electric vehicles and renewable energy aligns with the prospects of lithium, rare earths, and copper in the Gascoyne region. The upcoming soil sampling program and expansion of regional areas are expected to provide more insights and potential drill targets. The company's commitment to exploring for critical minerals and its experienced leadership position it well for further developments in the Ti-Tree Project.