Augustus Minerals Limited uploaded a Corporate Update
January 19, 2024
Quarterly Activities Report
Highlights:
- Visual copper sulphide mineralisation observed in quartz veining in multiple holes at Minnie Springs
- MSRC012 – intersected multiple blebby to disseminated copper sulphide zones from 82m – 139m downhole
- 9,086m drilled in 78 holes across six project areas
- Review of soil sample results have defined numerous highly promising lithium anomalies over a single coherent area at the Peak Bore
- Numerous lithium results Li2O > 100ppm and the key lithium pegmatite pathfinder element Rubidium > 400ppm
- First pass reconnaissance mapping of the anomaly has identified outcrop of mafic greenstone and Leake Spring Metamorphics rock units which host spodumene pegmatites in the region
- Assay results from drilling in Q1 2024
- Cash position of $5.75m as of December 31