Australasian Metals (ASX: $A8G) initiates due diligence field exploration work at Dingo Hole highly pure quartz project in Northern Territory.

Australasian Metals Limited (ASX: $A8G) has announced the commencement of due diligence field exploration work at the Dingo Hole highly pure quartz project in the Northern Territory. The project, subject to an option agreement between Australasian and Verdant Minerals Limited, is located in the Georgina Basin, approximately 300km southeast of Tennant Creek. The company's team has started sampling and mapping of the silica unit to assess the commercial viability of the project.

Executive Commentary on Dingo Hole Highly Pure Quartz Project

The due diligence field exploration work at the Dingo Hole highly pure quartz project marks a significant step for Australasian Metals. We are focused on gaining a clearer understanding of the commercial potential of the silica unit through sampling and mapping. The preliminary findings indicate the presence of clean silica in many areas, with potential for metasomatic replacement of a dolomite unit. Our team is committed to further assessment to determine the impact on any future product. We are optimistic about the prospects of the Dingo Hole Project and look forward to updating our stakeholders as we progress. - Australasian Metals Limited

Summary of Australasian Metals' Announced Activities

Australasian Metals Limited (ASX: $A8G) has initiated due diligence field exploration work at the Dingo Hole highly pure quartz project in the Northern Territory. The project, subject to an option agreement with Verdant Minerals Limited, is located in the Georgina Basin. The company's team has commenced sampling and mapping of the silica unit to assess the commercial viability of the project. Additionally, the completion of a reconnaissance diamond drilling program at the Mt Peake lithium project has resulted in the delivery of the drill core to the Alice Springs Core Library. The company expects to receive a grant under the collaborative drilling program 'Resource the Territory.' Dr. Qingtao Zeng, Managing Director of Australasian Metals, expressed optimism about the prospects of the Dingo Hole Project and emphasized the company's commitment to further assessment. The company looks forward to updating stakeholders on the progress of these initiatives.