Ausmon Resources granted new tenement for rare earths exploration

Ausmon Resources Limited (ASX:AOA) has been granted EPM 29075 Turkey Hill by the Queensland Government for a period of 5 years until 17 September 2029. The tenement, covering an area of 320 km², is situated within the Drummond Basin, 165 km southwest of MacKay and 34 km northwest of Moranbah. The project aims to explore for rare earths, targeting a surficial layer of clays and iron-manganese-rich pisolites, and nodules forming part of a sequence of a tropically weathered sedimentary basin of Tertiary age.

Executive Commentary on EPM 29075 Turkey Hill Grant

The Queensland Government's grant of EPM 29075 Turkey Hill is a significant development for Ausmon Resources. This new tenement provides the company with an opportunity to explore for rare earths in an area with promising geological characteristics. We are excited to commence the planned initial work program, which includes the compilation of historic exploration data, roadside mapping of regolith and geology, and surficial scanning of rocks and soils using our Vanta pXRF. We are optimistic about the potential for rare earth mineralisation in this region and look forward to advancing our exploration efforts.

Summary of EPM 29075 Turkey Hill Grant

Ausmon Resources Limited has secured the grant of EPM 29075 Turkey Hill from the Queensland Government, allowing the company to conduct rare earths exploration in the Drummond Basin. The project area, covering 320 km², is strategically located and targets a surficial layer with promising geological features. The company's planned initial work program involves comprehensive activities aimed at identifying and assessing the potential for rare earth mineralisation. With the grant in place, Ausmon Resources is well-positioned to advance its exploration efforts and capitalize on the opportunity presented by the new tenement.