Update on Minnie Springs Cu-Mo project

Augustus Minerals Limited (ASX: $AUG) has provided an update on the Minnie Springs Copper (Cu)-Molybdenum (Mo) project in the Gascoyne Region. The company conducted re-processing of historic Induced Polarisation (IP) geophysics, revealing potential near surface extensions to existing Mo mineralisation and higher grade Cu-Mo zones at depth. The recent RC drilling program confirmed strong Cu anomalism within quartz veins over a strike length of greater than 3km beneath the Cu-in-soils anomaly. The company plans to test for the higher-grade zones at depth with the assistance of the CO-funded EIS drilling grant of up to $110,000.

Executive Commentary on Geological Modelling

Andrew Ford, GM Exploration at Augustus Minerals, stated, 'Modelling of the Minnie Springs system has highlighted potential extensions to existing near surface Mo rich zones, as well as the potential for higher grade Cu-Mo zones at depth. The recent drilling and reprocessing of historic IP survey data have provided valuable insights into the geological characteristics of the project.'

Summary of Minnie Springs Project Update

Augustus Minerals' update on the Minnie Springs project indicates promising findings, including potential near surface extensions to existing Mo mineralisation and higher grade Cu-Mo zones at depth. The recent RC drilling program confirmed strong Cu anomalism within quartz veins over a significant strike length. The company plans to conduct further drilling to test the deeper potential, supported by the CO-funded EIS drilling grant. These developments reflect the company's commitment to exploring critical minerals and its focus on advancing mining operations in the Gascoyne Region of Western Australia.