Ausmon Resources commences drilling for rare earth elements at Parrakie EL 6795

Ausmon Resources Limited (ASX: $AOA) has announced the commencement of further drilling for Rare Earth Elements (REEs) at Parrakie EL 6795, located in Limestone Coast, South Australia. The drilling program aims to comprise between 40 and 50 vertical holes for a total of 1,200 meters, with an average depth of between 20m to 30m per hole, targeting Loxton/Parilla Sands.

Executive Commentary on the Drilling Program

We are excited to be back drilling at the Parrakie REE project to extend the coverage area to the NW of the tenement following the encouraging results from the initial drilling phase conducted in February 2024. We have the same mostly locally based team who successfully conducted the initial drilling phase and are familiar with the area for this second phase of drilling. The Company will also be setting up drilling sites for the other 4 REE projects, namely Wilkawatt, Wolseley, Mt Rough and Kingston and has commenced applying for PEPRs to allow Aircore drilling in the other 4 tenements in this calendar year.

Summary of Ausmon Resources' Drilling Program

Ausmon Resources Limited (ASX: $AOA) has commenced further drilling for Rare Earth Elements (REEs) at Parrakie EL 6795, targeting Loxton/Parilla Sands. The drilling program aims to extend the coverage area to the NW of the tenement following encouraging results from the initial drilling phase. The Company plans to set up drilling sites for the other 4 REE projects and has commenced applying for PEPRs to allow Aircore drilling in the other 4 tenements in this calendar year. The initial drilling phase yielded very encouraging Total Rare Earth Elements (TREO) assay results, indicating significant drill intersections. The Company remains optimistic about the potential of the project and is focused on advancing its exploration program to unlock the full potential of the rare earth elements in the region.