Ausmon Resources announces new tenement grant

Ausmon Resources Limited (ASX: $AOA) has announced the grant of an additional tenement EL 6795 Wilkawatt for a period of 6 years to February 2030, expanding its land holding to 3,549 km2 across the Rare Earth Elements (REEs) prospective Loxton/Parilla Sands and Padthaway Formation in the Murray Basin, Limestone Coast, South Australia.

Executive Commentary on New Tenement Grant

The Company is pleased to announce the grant of the new tenement EL 6795 Wilkawatt, which significantly increases our combined tenements to 3,549 km2 over the REE prospective Loxton/Parilla Sands and Padthaway Formation. We have completed an Aircore Drilling Program within EL 6795 Parrakie, and we are eagerly awaiting the assay results. Our focus on the Murray and Otway Basins for REE mineralisation aligns with our exploration strategy and the reported exploration success in the region. We are committed to leveraging this new tenement to further our exploration efforts and potentially contribute to the rare earth industry. We believe that our expanded land position enhances our prospects for identifying significant rare earth mineralisation in the area.

Summary of Ausmon Resources' New Tenement Grant

Ausmon Resources Limited (ASX: $AOA) has been granted an additional tenement EL 6795 Wilkawatt, expanding its land holding to 3,549 km2 over the Rare Earth Elements (REEs) prospective Loxton/Parilla Sands and Padthaway Formation in the Murray Basin, Limestone Coast, South Australia. The completion of the Aircore Drilling Program within EL 6795 Parrakie and the awaited assay results mark a significant step in the Company's exploration activities. With a focus on the Murray and Otway Basins for REE mineralisation, Ausmon Resources aims to capitalize on the reported exploration success in the region and contribute to the rare earth industry. The new tenement enhances the Company's prospects for identifying significant rare earth mineralisation, aligning with its exploration strategy and long-term goals.