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Augustus Minerals Limited uploaded a Corporate Update
January 19, 2024

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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
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