New Risk • Mar 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$771k free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.85m market cap, or US$1.99m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$921k free cash flow). Share price has been highly volatile over the past 3 months (44% average weekly change). Earnings have declined by 3.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.28m market cap, or US$2.78m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Ankündigung • Oct 22
Ausmon Resources Limited, Annual General Meeting, Nov 28, 2025 Ausmon Resources Limited, Annual General Meeting, Nov 28, 2025. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (70% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.76m market cap, or US$2.49m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Board Change • Apr 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Boris Patkin was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Mar 21
Ausmon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.088175 million. Ausmon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.088175 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 48,986,112
Price\Range: AUD 0.0018
Transaction Features: Subsequent Direct Listing Board Change • Mar 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Boris Patkin was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Feb 18
Ausmon Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.54 million. Ausmon Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.54 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: AUD 0.0018 Board Change • Nov 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Boris Patkin was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Oct 03
Ausmon Resources Limited, Annual General Meeting, Nov 21, 2024 Ausmon Resources Limited, Annual General Meeting, Nov 21, 2024. New Risk • Sep 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$802k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$802k free cash flow). Shares are highly illiquid. Revenue is less than US$1m (AU$196k revenue, or US$132k). Market cap is less than US$10m (AU$2.30m market cap, or US$1.54m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Board Change • May 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Boris Patkin was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$3.45m market cap, or US$2.28m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (11% increase in shares outstanding). Ankündigung • Jan 25
Ausmon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.156 million. Ausmon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.156 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,000,000
Price\Range: AUD 0.003
Transaction Features: Subsequent Direct Listing Ankündigung • Jan 23
Ausmon Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.156 million. Ausmon Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.156 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,000,000
Price\Range: AUD 0.003
Transaction Features: Subsequent Direct Listing Ankündigung • Sep 14
Ausmon Resources Limited, Annual General Meeting, Oct 26, 2023 Ausmon Resources Limited, Annual General Meeting, Oct 26, 2023. Ankündigung • Dec 22
Ausmon Resources Limited Completes Field Exploration at EL8954 and EL9252, NSW Ausmon Resources Limited announced completion of the Phase 3 field-based exploration at Brungle Creek EL8954 and McAlpine EL9252 near Tumut, NSW. Four previously untested Targets 1, 2, 3 and 7 have been geochemically sampled (rocks and soils), whereas Target 6 could not be accessed for surficial exploration. In addition, the historical McAlpine Copper Mine and Campbells Chromite mine have been geologically mapped to scope out the aerial extent of the surface mineralisation. Further reports will be released when the collected field data has been compiled and when analysis results have been received from the ALS laboratory. The tenements are located in South East NSW, 95 km east of Wagga Wagga and south from the Thuddungra (Nico Young) cobalt project of Jervois Mining Limited. The targets were identified by the Company from an earlier Satellite Alteration Study and a review of historic gold and copper rock chip results from previous explorers as reported in the NSW Government GIS website - Minview. The field team used the Company's Olympus Vanta pXRF instrument to collect multi-element geochemical readings on site and any selected samples with elevated cobalt and other base metal reading will be sent to the ALS Geochemical Laboratory in Orange NSW for analysis. The results will determine the nature and extent of any follow up exploration. The Chief Technical Officer has met landholders to discuss future work and access agreements in preparation for future exploration as may be required. The geological units across the project area from E to W as shown in are: · Young Granodiorite (pink) with several North-South shear zones, in the Jugiong Shear is shown to the north of Target 1. · Coolac Serpentinite (green-serpentinised ultramafic rocks) with faulted E and W contacts as shown by the black/white lines. · Honeysuckle Beds (red - meta-basic rocks ie basalts and some ultramafics) with faulted E and W contacts as shown by the black/white lines. · Metasediments and Felsic Volcanics of the Blowering Beds (yellow). Target 1 Possible extension of the Jugiong Shear into the northern margin of the Brungle Creek tenement. Exploration includes geological mapping and rock sampling - the target commodity is gold. Target 2 This a broad elongate NW-SE target that transgresses the faulted contact of the Blowering Beds/Honeysuckle Beds and Coolac Serpentinite. The historic Robin Mine is located at the southern end depicted as a blue hatched area. Exploration within this zone involves geological prospecting and rock sampling - the target commodities are gold, copper and cobalt. Target 3 This is the historic McAlpine Copper and Chromite Mines which are located within the Coolac Serpentinite Belt. Exploration comprises detailed geological mapping to understand the geology, structure and mineralisation and rock sampling - the target commodities are copper, chromite and cobalt. Target 4 This is the historic Campbells and Chromite Mines that are located within the Coolac Serpentinite Belt. Exploration comprises detailed geological mapping to understand the geology, structure and mineralisation and rock sampling - the target commodities are copper, cobalt and chromite. Target 5 This a North-South shear noted in the State 1:100,000 Tumut Geology Map. Exploration is same as for Target 2. Target 6 This is a historic copper prospect known as the Honeysuckle Copper Project and is a small 2m x 1m x 0.5m pit adjacent to the creek. The Satellite Alteration noted an elevated iron oxide and clay response so the exploration method planned is E-W soil traverses and rock sampling. The target commodity is copper. The area could not be accessed on this site visit so no surficial geochemical exploration has been carried out. Target 7 This is the southern continuation of the shear in Target 5. Exploration is same as for Target 5. Ankündigung • Dec 08
Ausmon Resources Limited Announces Commencement of the Phase 3 Field Based Exploration At Brungle Creek El8954 and Mcalpine El9252 Ausmon Resources Limited announce commencement of the Phase 3 field based exploration at Brungle Creek EL8954 and McAlpine EL9252. The aim is to test 5 previously untested targets identified from a previous study of historical exploration and a project wide alteration study involving processed Satellite Imagery. In addition, geological mapping and rock sampling will be conducted at the McAlpines, Campbells and Robins (Target 2) historical copper and chromium workings located within the tenements. The tenements are located in south east NSW, 95 km east of Wagga Wagga and south from the Thuddungra (Nico Young) cobalt project of Jervois Mining Limited. The Company's plan is to carry out soil and rock sampling traverses across the 7 targets identified from the Satellite Alteration Study and areas with elevated historic gold and copper rock chip results from previous explorers as reported in the NSW Government GIS Website - Minview. Exploration within Target Areas 1 to 7 will vary depending on the target to be explored as detailed below. The field team will use the Company's Olympus Vanta pXRF instrument to collect multi-element geochemical readings on site and any selected samples with elevated cobalt and other base metal reading will be sent to the ALS Geochemical Laboratory in Orange NSW for analysis. The results will determine the nature and extent of any follow up exploration. The Chief Technical Officer will also meet landholders to discuss future work and access agreements in preparation for future exploration as may be required. Historic Information on Exploration in the Southern Coolac Serpentinite Belt for Copper/Chromite/Gold/Nickel: The Coolac Serpentinite Belt hosts known undeveloped cobalt resources at Thadunggra north of Brungle Creek. The southern portion of the Coolac Serpentinite Belt had very little modern exploration and "no drilling". The area is known for small historical chromite and copper mining operations. The area also has elevated cobalt and nickel from historical surficial geochemical exploration. Historical Au assay of 3.763 ppm in volcanics/sediments adjacent and to the east of the Coolac Serpentinite Belt. Historical Au prospect in N-S shear zone within Silurian Granodiorite to east of Coolac Serpentinite Belt. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Boris Patkin was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Oct 06
Ausmon Resources Limited, Annual General Meeting, Nov 25, 2022 Ausmon Resources Limited, Annual General Meeting, Nov 25, 2022. Ankündigung • Sep 07
Ausmon Resources Limited Announces Field Exploration Commencement for Rare Earth in Sa Ausmon Resources Limited announced that it commenced this week initial field work in exploration for Rare Earth Elements within EL 6795 Parrakie, EL 6796 Mt Rough, EL 6797 Kingston and EL 6807 Wolseley which were granted in late July 2022 by the Department of Energy and Mining of South Australia. The total acreage of those ELs is approximately 2,775 square kilometers in the Limestone Coast Region south east of Adelaide within the Loxton Sands or equivalent of the Murray and Otway Basins. REE are reportedly contained within the fine clay fraction of Tertiary (65 to 2.5 Million Years Ago) Strandlines ("ionic clay style of deposit") in the region. Australian Rare Earth has large area in the region and recently announced an updated JORC inferred mineral resource to 81.4 MT @ 785 ppm TREO (Total Rare Earth Oxides) at their Koppamurra project prospective for ionic clay REE deposit. The field work will include visiting selected sites to identify the surface Murray and Otway Basin stratigraphy forpotential bulk sampling and also identify roadside verge locations for later deeper (up to 50m) Aircore drilling. Meetings have been planned with the Kingston, Coorong, Southern Mallee, Karoonda East Murray and Tatiara District Councils to discuss Ausmon's exploration program for REE and request permission to carry out road verge aircore/auger drilling The Company's PXRF instrument is also planned for use on surface samples for identify potential for other metals that may lead to further evaluation of the deeper bedrock potential for gold and base metal mineralisation sites having regards to lithostructural interpretation of available geophysical data sets. The Company is concurrently carrying out a thorough review of all historic exploration across the tenements to guide the next stages of field work. REE have been designated critical minerals by Australia, EU, USGS and IEA and are used in rare earth permanent magnets for electric vehicles (EV), wind turbines and various electronic devices. Ankündigung • Jul 20
Ausmon Resources Limited Receives Written Confirmations from the Department of Energy and Mining of South Australia Ausmon Resources Limited announced that it has received written confirmations from the Department of Energy and Mining of South Australia of the grant of 3 new exploration licences EL 6795, EL 6796 and EL 6797 respectively to the Company's applications ELA 2021/00082 Parrakie, ELA 2021/00136 Mt Rough and ELA 2021/00137 Kingston, each for 6 years to 4 July 2028. The 3 licences cover a total of 2,562 square kilometers located south east of Adelaide on the Limestone Coast in South Australia (Figure 1) within the Loxton Sands or equivalent of the Murray and Otway Basins. The Company plans to explore for Rare Earth Elements ("REE") contained within the fine clay fraction of Tertiary (65 to 2.5 Million Years Ago) Strandlines ("ionic clay style of deposit) reportedly existing in the region. Australian Rare Earth has a large area in the region and 2 weeks ago announced a 104% increase in its JORC inferred mineral resource to 81.4 MT at 785 ppm TREO (Total Rare Earth Oxides) at their Koppamurra project prospective for ionic clay REE deposit. REE have been designated critical minerals by Australia, EU, USGS and IEA and are used in rare earth permanent magnets for electric vehicles (EV), wind turbines and various electronic devices. The Company has developed an exploration strategy for selected sites within the 3 tenements to be visited to collect where available, bulk samples to identify any clay fraction that can be sieved. In addition, during the roadside traverses, sites would be selected for later verge Aircore drill traverses. In addition to the near surface evaluation of the REE ionic clay potential, a further evaluation of the deeper bedrock potential for gold and base metal mineralisation sites will be carried out based on a lithostructural interpretation of available geophysical data sets. Ankündigung • May 29
Ausmon Resources Limited Receives Notifications from the Department of Energy and Mining of South Australia of Proposals for Grant of Exploration Licences Ausmon Resources Limited announced that it has received notifications from the Department of Energy and Mining of South Australia of proposals for grant of exploration licences that the Company has applied for under ELA 2021/0082 Parrakie, ELA 2021/00136 Mt Rough and ELA 2021/00137 Kingston, each for 6 years after payment of the Annual Regulation Fee for the First Year of Licence Term and the Annual Administration Fee. The licence areas cover a total of approximately 2,563 square kilometers located on the Limestone Coast in southeast of South Australia (Figures 1 and 2) within the Loxton Sands or equivalent of the Murray and Otway Basins. The aim of the Company is to explore for Rare Earth Elements ("REE") contained within the fine clay fraction of Tertiary (65 to 2.5 Million Years Ago) Strandlines ("ionic clay style of deposit) reportedly existing in the region.Australian Rare Earth has a large area in the region and recently announced a JORC inferred mineral resource of 39.9 MT @ 725 ppm TREO (Total Rare Earth Oxides) at their Koppamurra project prospective for ionic clay REE deposit. REE have been designated critical minerals by Australia, EU, USGS and IEA and are used in rare earth permanent magnets for electric vehicles (EV), wind turbines and various electronic devices. The Company has developed an exploration strategy for selected sites to be visited to collect, if there is available material, a bulk sample to identify any clay fraction that can be sieved. In addition, during the roadside traverses, sites would be selected for later verge Aircore drill traverses. In addition to the near surface evaluation of the REE ionic clay potential, a further evaluation of the deeper bedrock potential for gold and base metal mineralisation sites will be carried out based on a lithostructural interpretation of available geophysical data sets. Thorough review of all historic exploration across the 3 tenements. Meetings with local councils to obtain permission for roadside auger drilling. Review of proposed auger site via "Dial Before You Dig" website. Field visit to proposed orientation sites with auger drilling traverses at the sites. Deeper (up to 50m) Aircore drilling of high priority targets form the orientation auger traverses . Ankündigung • May 24
Ausmon Resources Limited Announces the Results from ALS Laboratory of the Field-Based Exploration Completed in March 2022 At EL 8747 Stirling Vale and EL 8745 Kanbarra Ausmon Resources Limited announced the results from ALS laboratory of the field-based exploration completed in March 2022 at EL 8747 Stirling Vale and EL 8745 Kanbarra. A total of 219 soils (KAS090 to KAS220) and 1 rock sample (KAR017) were collected from EL 8745 Kanbarra and 97 soils (SVS192 to SVS289) and 13 rock samples (SVR037 to SVR049) were collected from EL 8747 Stirling Vale. All soil samples were scanned with the Company's Olympus Vanta pXRF and in view of the low pXRF base metal results the Kanbarra soil samples were only analysed by the pXRF. During the period 8th March to 11th March 2022, the Company conducted soil and rock sampling over the north-eastern portion of EL 8747 Stirling Vale. The exploration program covered a grid that contained historic rock samples with elevated base metals and a small historic working observed. 9 traverses were carried out over the remainder of the program area to assess the potential of the outcropping pegmatites to host LCT (Lithium Caesium Tantalum) mineralisation. Field work consisted of soil sampling and rock-chip/lag/grab sampling. Soil samples were collected at a depth of 200mm and - 1mm fraction. Rock outcrops and float with mineralisation potential were sampled. A small prospecting pit was observed, and a sample collected of the mullock pile. The sampling (SVR047) resulted in analyses of 1.75% Cu, 9,990ppm Zn and 210ppm Pb. The result will be reviewed internally in relation to further sampling in the vicinity of the prospecting pit. 2 rock samples (SVR048 and 049) returned the higher cobalt analyses at 203ppm and 121ppm respectively. The samples were associated with a linear siliceous zone adjacent to a NE-SW magnetic ridge. The associated soil traverse SV3 returned elevated zinc to 250ppm. This siliceous contact zone will be further sampled as part of the next field sampling program. Other than surface oxidation the outcrops explored are predominantly unaltered coarse-grained quartz feldspar leuco-pegmatite outcrops with grainsize tending to be retrospective of the outcrop size, larger outcrop courser grain size. There are finer grained quartz-feldspar-biotite pegmatites locally outcropping within the alluvial system that may warrant further investigation. There appears little if any alteration along contacts of the pegmatite and amphibolite units or within the individual units themselves, quartz veining is rare throughout. The planned exploration for Kanbarra comprised soil sampling over 3 proposed areas associated with prominent circular magnetic features in the north of the tenement. One rock sample was collected and tested at the laboratory from area 2/3 comprising silicious quartz veined metasediment outcropping proximal to an area of abundant quartz scree however, there were no significant base metal results. The surface area comprised flat sheetwash silty clay sediment with the soils samples collected at a depth of 20cm. The program was cut short halfway through Area 2/3 due to a significant rain event that made vehicular access to the areas impossible. The sampling will be completed when the surface soils have dried out. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Boris Patkin was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Mar 10
Ausmon Resources Announces Field Exploration Commences at Tenements Near Broken Hill Ausmon Resources Limited announce that it has commenced field-based exploration at EL 8747 Stirling Vale and EL 8745 Kanbarra. The current field-based program is in the north east of EL 8747 Stirling Vale. The area comprises extensive pegmatite (felsic rock) with local tourmaline, biotite and muscovite interlayered with an orthopyroxene hornblende granulite (mafic rock). The area of pegmatite is of interest given the presence of tourmaline and muscovite and hence volatile enriched which could indicate the potential of LCT (Lithium, Caesium and Tantalum) mineralisation. The area has not been subject to any significant exploration for lithium. A series of 9 mapping and sampling traverses SV1 to SV 9 is planned across the pegmatite zone with samples to be analysed for lithium and related elements at the ALS Laboratory in Orange. In addition, all samples will be scanned for multi element geochemistry using the Company s Olympus Vanta pXRF. However, elements such as Lithium, Caesium and Tantalum are not detectable by pXRF technology and will therefore be tested at the laboratory. Ankündigung • Feb 25
Ausmon Resources Limitedannounce Completion of the Phase 2 Field Based Exploration At Brungle Creek El8954 and Mcalpine El9252 Ausmon Resources Limited announced completion of the Phase 2 field based exploration at Brungle Creek EL8954 and McAlpine EL9252. The tenements are located in south east NSW, 15 km north east of Tumut and south from the Thuddungra (NicoYoung) cobalt project of Jervois Mining Limited. The Company completed soil sampling traverses across 9 of 12 proposed targets located on the western flank of the Honeysuckle Range with some areas not sampled because of the landholder unavailability and logging in process in the Redhill State Forest. The fieldteam collected on average 25 samples/day followed by the scanning of each sample with the Company's Olympus Delta pXRF and calibration to set of standards. The soil sampling traverses were completed across targets identified from the recently completed Satellite Alteration Study and areas with elevated historic gold and copper rock chip results from previous explorersas reported in the NSW Government GIS Website - Minview. Exploration within the polygons comprised grid-based soil sampling with sampling along 200 m and 100 m E-W sampling lines and samples collected every 50 m. The samples have been delivered by the crew to ALS Geochemical Laboratory in Orange NSW for analysis. The results will determine the nature and extent of any follow up exploration. The Chief Technical Officer has also met landholders to discuss future work and access agreements in preparation for future exploration as may be required.The areas sampled were primarily located within the Coolac Serpentinite Belt (Sc). A few samples were located in the adjacent Honeysuckle Igneous Complex comprising primarily basalt (CuR2 and AuR3). One sample area (BO19) was located within the Young Granodiorite and associated with a N-S shear zone (Tumut 1:100,000 geology map). An announcement will be made when results have been received from the laboratory. Follow up Exploration: Phase 3 or surficial exploration will comprise sampling of high priority samples not visited during Phase 2. Follow up of significant results from the Phase 2 sampling. Evaluation of other possible targets not already considered. Ankündigung • Feb 15
Ausmon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.21 million. Ausmon Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.21 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,000,000
Price\Range: AUD 0.006
Transaction Features: Subsequent Direct Listing Ankündigung • Feb 03
Ausmon Resources Limited Announces Commencement of Field Exploration at Brungle Creek El8954 and Mcalpine El9252 Ausmon Resources Limited announced commencement of the Phase 2 field-based exploration at Brungle Creek EL8954 and McAlpine EL9252. The aim is to test the targets identified from studies carried to date and follow up on the Phase 1 program completed in 2021. The tenements are located in south east NSW, 15 km north east of Tumut and south from the Thuddungra (Nico Young) cobalt project of Jervois Mining Limited. The company's plan is to carry out soil sampling traverses across targets identified from the recently completed Satellite Alteration Study and areas with elevated historic gold and copper rock chip results from previous explorers as reported in the NSW Government GIS Website - Minview. Following a review of the rock database in Minview (NSW Geological Survey Website) several elevated gold and copper values have been recorded within the McAlpine and Brungle Creek tenements. Exploration within the polygons shown will comprise grid-based soil sampling and geological mapping with sampling along 200 m and 100 m E-W sampling lines and samples collected every 50 m. The field team will use the Company's Olympus Vanta pXRF instrument to collect multi-element geochemical readings on site and any selected samples with elevated cobalt and other base metal reading will be sent to the ALS Geochemical Laboratory in Orange NSW for analysis. The results will determine the nature and extent of any follow up exploration. The Chief Technical Officer will also meet landholders to discuss future work and access agreements in preparation for future exploration as may be required. The geology of the Brungle Creek and McAlpine tenements broadly encompasses the central ultramafic unit known as the Coolac Serpentinite Belt which is host to all the historic copper and chromite workings. The most significant is the McAlpine Copper Mine that has a shaft at surface (mostly in place but decayed) that was used to bring copper ore to the surface. To the west of the Coolac Serpentinite Belt is a broad sequence of granitic rocks with N-S trending shear zones. One of the shear zones has an alteration target developed on it. To the west of the Coolac Serpentinite Belt are a sequence of volcanic and sedimentary rocks and at the northern end of the McAlpine tenement are two areas (yellow) where historic anomalous gold in rock samples have been reported and will be soil sampled and the samples sent to ALS in Orange for gold and multielement geochemistry. Ankündigung • Sep 13
Ausmon Resources Limited Announces Applications for Two Tenements for Rare Earths Exploration SA Ausmon Resources Limited announces that two new tenements applications with the Government of South Australia, Department of Energy and Mining ("DEM") have been registered as ELA 2021/00136 and ELA 2021/00137 with the DEM commencing the assessment process to consider the offer of the tenements for rare earths elements exploration. Those new applications, covering a total area of 1,779 sq km, follow from the application last month of ELA 2021/00082 that covers a total of 998 sq km on the Limestone Coast in south east of South Australia within the Loxton Sands of the Murray Basin and the equivalent stratigraphic Tertiary unit in the Otway Basin. Analysis of the region was carried out and the Company identified additional areas with Tertiary Strandlines potentially hosting ionic clay that could possibly contain Rare Earths Elements. With the lowering of the overall levels, the Loxton Sands of the Murray Basin and the equivalent stratigraphic Tertiary unit in the Otway Basin were formed on the beach on the shore of the
emergent land (Strandlines). Locally, heavy minerals including rutile, zircon and ilmenite (Mineral Sands) were concentrated by wave action. In addition, Light and Heavy Rare Earth Elements have formed an ionic bond with the fine clay fraction (Ionic Clays) of the Loxton Sands and equivalent
stratigraphic units at shallow depths. Ankündigung • Aug 25
Odin Metals Limited (ASX:ODM) acquired Great Western Minerals Pty from Ausmon Resources Limited (ASX:AOA). Odin Metals Limited (ASX:ODM) a binding purchase agreement to acquire Great Western Minerals Pty Ltd from Ausmon Resources Limited (ASX:AOA) for AUD 0.55 million on April 6, 2021. As per terms of consideration, Odin will issue 15 million fully paid ordinary shares to Ausmon (or its nominee) at completion escrowed for 12 months and AUD 0.09736 million if the renewal of exploration license 6400 is for all of the current blocks or AUD 0.09 million if the renewal of exploration license 6400 is for 50% or more of, but less than 100% of the current blocks. The transaction is subject to shareholder approval of Odin, approval of the Minister under the Mining Act 1992, renewal of at least 50% of the exploration license on terms acceptable to Odin, Odin conducting due diligence to its satisfaction and Great Western creditors as at settlement being as agreed. The transaction is subject to standard warranties and limitations on warranty claims for transactions of this nature. As of August 18, 2021, ministerial approval has been received.
Odin Metals Limited (ASX:ODM) completed the acquisition of Great Western Minerals Pty from Ausmon Resources Limited (ASX:AOA). on August 25, 2021. Ankündigung • Mar 17
Ausmon Resources Limited Announces Commencing Sampling Program At El 8747 Porcupine Prospect Ausmon Resources Limited announced commencement of the planned geochemical sampling program at the Porcupine Prospect within Stirling Vale EL 8747 near Broken Hill. The Porcupine Prospect is located in the far NW section of the 100% owned Stirling Vale EL 8747. The area had limited historic exploration that comprised shallow drilling generally <20 m except for two drillholes APN1 of 159.3 m and APN2 of 121.6 m targeting a garnet/gahnite sandstone outcrop. The prospective garnet/gahnite sandstone which is locally gossanous with elevated zinc in rock geochemistry remains essentially untested for base metal mineralisation. The crew will carry out grid based geochemical sampling planned across the area using the Company's Olympus Vanta pXRF. Subject to weather conditions the sampling program is expected to be completed next week with initial results to be announced soon thereafter. Ankündigung • Mar 16
Ausmon Resources Limited Announces That Drilling Program Commencing At EL 8745 Eaglehawk Prospect Ausmon Resources Limited announced commencement of its program to drill test the chargeability targets identified from the recently completed Eaglehawk Ground IP Survey within EL 8745 with the drilling rig having arrived at Broken Hill. An initial 4 holes of RC and Diamond Core drilling for a total of approximately 1,200 m is proposed. The holes will be approximately 250 m to 350 m deep to intersect the targets at -150 m and -250 m vertically below the surface. The Eaglehawk Prospect is located in an area of very little outcrop and with recent cover sediments of variable thickness. The September 2020 Ground IP survey results and the work of a previous operator indicate an exciting area to explore for base metals in a region where various miners have been successful. In 2009, previous operator in the area Eaglehawk Geological Consulting completed a 57 hole Rotary Airblast (RAB) drilling program for 1,696 m. Samples were collected at the bottom of each hole and some other mineralised altered intervals in the holes. The central red hatched area comprises a "gossan zone" between IP lines 2 and 4 with a limited surface expression. To the south of the "gossan zone" as observed in the drill holes the metasediments with local hematite alteration and brecciation while to the north is a zone of metasediments with localised quartz and gossan between IP lines 3 and 8. Geochemical results from the drilling highlighted a zone of Zn (green) to 500 ppm and Cu (blue) to 1,900 ppm between IP lines 3 and 6 flanked by Zn to 500 ppm to the north and south. The IP resistivity models suggest there is a conductive surface layer of up to 50 m thickness over most of the Eaglehawk area. Below this layer the basement is resistive. The IP chargeability model defines two chargeable sources. The strongest source is centred around 558325E 6433600N with its core at a depth of around 160 m. It is oriented roughly EW with a strike length of around 500 m, a width of around 100 m and the 3D inversion model indicates it has significant depth extent. The second source is to the east at 558940E 6433450N and shallower at 140 m depth. This source is around 150 m x 80 m in size, and with limited depth extent. Both sources appear to be located along an EW structure. The current drilling will test the larger anomaly shown in red with testing of the lower tenor anomaly to the south east to be done at a later date. Ankündigung • Mar 12
Ausmon Resources Limited Announces New Tenement Application McAlpine EL 6242 NSW Ausmon Resources Limited announced that the Department of Primary Industry has registered under ELA 6242 the Company's application for a new 14 block tenement ("McAlpine"). Decision to apply for the area follows from the recently completed Phase 1 field exploration at the adjacent Brungle Creek EL 8954. ELA 6242 covers the McAlpine Copper and Chromite historical workings, is adjacent and to the west of the Company's granted tenement Brungle Creek EL 8954, 15 km north east of Tumut, 15 km south east of Gundagai and adjacent to the serpentine ridge of the Honeysuckle Range. On grant of the tenement, the Company will have an expanded exposure to an exciting exploration region with potential for Cobalt, Copper, Chromite, Gold and Nickel as identified at Brungle Creek EL 8954 and described briefly below. Ankündigung • Mar 04
Ausmon Resources Limited Completes the Phase 1 Field Work At Brungle Creek El 8954 in NSW Ausmon Resources Limited announced that Chief Technical Officer Mark Derriman and his crew have completed the Phase 1 field work at Brungle Creek EL 8954 in NSW. The crew completed pXRF sampling traverses across historic mineral occurrences for geochemical analysis. They used the Company's Olympus Vanta pXRF instrument to collect multi-element geochemical readings at several sites. The results will assist to determine the nature and extent of a Phase 2 program that is planned for May 2021 after the Company has completed its sampling and drilling programs within its Broken Hill tenements. The tenement is located 15 km north east of Tumut a 15 km south east of Gundagai with the tenement following the serpentine ridge of the Honeysuckle Range. The primary aim of the Phase 1 field trip was to visit as many of the historical mineral occurrences as possible, carry out pXRF sampling and a geological evaluation of each site. Not all landholders were able to be contacted prior to the field visit so the historical mineral occurrences located in the southern half of the tenement will be inspected during the Phase 2 exploration program planned for May 2021. All landowners contacted in the field are supportive of the Company's exploration program and assisted the field crew with their knowledge of local access to the exploration sites. Figure 2 shows the distribution of historical sites in blue dots and the sites visited marked with a yellow star in relation to the tenement boundary in red and the State Forest in green. A few sites were not located during this field visit and further inspections will be carried out in Phase 2. A total of 35 pXRF readings were collected from the sites shown as yellow stars and 4 rock samples were collected from the Honeysuckle Copper Prospect and sent for gold and multi-element analyses to the ALS Lab in Orange, NSW. The pXRF instrument is unable to accurately detect precious metal mineralisation; and cobalt readings are unreliable when there is elevated nickel and/or iron as is the case with the ultramafics of the Coolac Serpentinite Belt. As nickel can be reliably read and is a common associated mineral with cobalt in ultramafic rocks the nickel results will be used as a proxy for cobalt when using the pXRF. In Phase 2, a larger number of rock samples will be collected for laboratory analysis to obtain reliable cobalt results for selected areas. All prospects visited were associated with serpentinised ultramafic apart from the Honeysuckle Prospect that is further described below. The Campbells Prospect comprises two locations (a third location is yet to be located) within the centre of the serpentinite belt. The workings are relatively shallow (1 m 4 m) and there is extensive dump material at both locations showing disseminated chromite mineralisation within a serpentinised ultramafic as shown below. Selective sampling of the Campbells Prospect returned nickel to 0.5% and chromium to 0.4%. The Spring Creek Road Prospect is located near the eastern margin of the serpentinite belt and comprises a series of shallow prospecting pits up to 2 m deep and of limited extent. Selective sampling of the Spring Creek Road Prospect returned nickel to 0.6 % and chromium to 0.14%. The Honeysuckle Prospect is located near the western margin of the Coolac Serpentinite Belt and comprises a single shallow prospecting pit at the base of a moderately steep hill. The rocks in the area comprise felsic intrusives, serpentinite ultramafics and pelitic metasediments. The shallow pit itself comprises sericite altered and quartz veined felsic intrusive rocks with 1% disseminated pyrite. Four (4) rock samples (BCR001 to BCR004) were collected in and around the prospecting pit and sent to ALS in Orange for gold and multi-element geochemical analyses. The only element of significance is copper which assayed to 717 ppm. The West Emu Prospect is located on a steep slope above the Wee Jasper Road at the western margin of the Coolac Serpentinite Belt. The historical prospect at this location was not found however, sampling of the various geological units returned the highest chromite result of 5.46% and nickel to 0.6%. The elevated chromite is associated with a black and white speckled serpentinised ultramafic that likely has small disseminated chromite through the rock. In addition, the area comprised white felsic intrusive rock that appears to have intruded into the ultramafic. Chromite is a crystalline mineral composed primarily of iron oxide and chromium oxide compounds. It can be represented by the chemical formula of FeCr2O4. It is an oxide mineral belonging to the spinel group. Chromite minerals are mainly found in mafic-ultramafic igneous intrusions and are also sometimes found in metamorphic rocks. Chromite can be used as a refractory material, because it has a high heat stability. The chromium extracted from chromite is used in chrome plating and alloying for production of corrosion resistant superalloys, nichrome, and stainless steel. Chromium is used as a pigment for glass, glazes, and paint, and as an oxidizing agent for tanning leather. It is also sometimes used as a gemstone. Ankündigung • Feb 04
Ausmon Resources Limited Provides Update on Field Exploration Programs Ausmon Resources Limited advises an update on its current field exploration plans. The tenement is located 15 km north east of Tumut a 15 km s o u t h east of Gundagai with the tenement following the serpentine ridge of the Honeysuckle Range. The crew has planned to be at the site from 22nd to 27th February 2021, subject to any unforeseen restrictive event, for the Phase 1 field work which will comprise sampling traverses across any targets identified for geochemical analysis. The Company's Olympus Vanta pXRF instrument will be used on site to collect multi-element geochemical readings. The results of this first field-based work will determine the nature and extent of a Phase 2 program that may be carried out later in this Financial Year 2021. The Company will also be meeting with landholders for co-ordination and support of future work The Porcupine Prospect located in the far NW section of Stirling Vale EL 8747 had limited previous exploration that comprised shallow drilling generally <20 m except for two drillholes APN1 of 159.3 m and APN2 of 121.6 m targeting a garnet/gahnite sandstone outcrop. The prospective garnet/gahnite sandstone (red) which is locally gossanous with elevated zinc in rock geochemistry remains essentially untested for base metal mineralisation. The potential in the Eaglehawk Prospect is cobalt, zinc and copper. 2D and 3D modelling of the acquired IP data and an overall interpretation suggest a conductive surface layer of up to 50 m thickness over most of the Eaglehawk area. he IP chargeability model defines two chargeable sources which have been resolved into well-defined chargeable zones by inversion modelling. The strongest source is centred around 558325E 6433600N with its core at a depth of around 160 m. It is oriented roughly EW with a strike length of around 500 m, a width of around 100 m and the 3D inversion model indicates it has significant depth extent. The second source is to the east at 558940E 6433450N and shallower at 140 m depth. This source is also smaller being around 150 m x 80 m in size, and with limited depth extent. Both sources appear to be located along an EW structure. The Company plans to first drill test the larger anomaly with proposed holes NK1 to NK3 for 900 m of drilling being mainly RC with a small core component in NK 1. The drill holes have been designed to intersect the main zone at -150 m and -250 m below the surface. After assessment of the results the drilling of additional holes can be envisaged. In December 2020, at the request of the Department of Primary Industries ("DPI"), the Company completed a "test of significance" in the proposed drill area because of a possible habitat of the Thick- billed Grasswren which is listed as a critically endangered and threatened specie and it concluded with no sighting of the specie. Following submission of the report the Australian Government Department of Agriculture, Water and the Environment has advised that the proposed drilling program is not a "controlled action" under the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) therefore clearing the way for the drilling to proceed. The Company has resubmitted its application to drill with the DPI and no issues are expected. The driller has advised a provisional start in Week 2 of March 2021 and the rest of the crew for the program have been confirmed for 8 March 2021. Ankündigung • Dec 06
Ausmon Resources Limited Advises That All Drill Sample Results Have Been Received for the RC Drilling Ausmon Resources Limited advised that all drill sample results have been received for the RC drilling that was completed in late September 2020 at Stirling Vale within EL 8747. With the upturn in mineral exploration in Australia most assay laboratories are running behind their usual schedule and unfortunately work at ALS Laboratory in Orange was additionally hampered by a shortage of staff resulting in a turnaround of over 2 months for test results. The completed 1,151 m RC drilling program aimed at a 1.5 km exploration target along the western limb of the Stirling Vale Synform. Holes SVRC001 and SVRC002 tested the outcropping pyritic siliceous zone (PI2) and holes SVRC003 to SVRC010 tested the "cobaltiferous albite gneiss zone" intersected by Pasminco drilling in 1995 and sampled by AOA in 2018. The RC drilling successfully tested the targets are: Cobalt mineralisation within the PI2 zone that outcrops as a discontinuous ridge over 1.5 km of strike with surface assays to 216 ppm cobalt; Holes SVRC001 and SVRC002 will tested this target at 50 m vertically below the surface; Cobalt target associated with pyritic albitic gneiss (20% pyrite) at the contact with overlying metapelite and 2 m @ 800 ppm cobalt. The pelite above the cobalt has an increased %age of magnetite which is usually a good marker horizon when exploring for cobalt mineralisation. Base metals target in pyritic metasediments comprising quartz and gahnite and with similarities to the Broken Hill Lode System. Assays in the target comprise 0.3 m @ 700 ppm zinc, 0.8 m @ 1,509 ppm zinc and up to 6% pyrite. Gold target from the resampling of DD95ST3 of 0.3 m @ 0.9 ppm Au. Section SVRC001 was drilled to test beneath the PI2 siliceous pyrite zone and was completed to 80 m. The hole intersected an alternating sequence of granite, psammite and gneiss with narrow zone of pyrite visually estimated between 1% to 2%. A cobalt interval of 1 m @ 275 ppm cobalt from 31 m to 32 m was intersected within a psammite. SVRC002 was drilled along strike to the SW of SVRC001 and was also testing the PI2 siliceous pyrite zone and was completed to 80 m. The hole intersected a similar sequence to that encountered in SVRC001 with a possible down dip intersection of the PI2 Zone. There was no significant cobalt interval. This is the northern most drilling of the cobalt target associated with a pyritic albite gneiss with holes SVRC003 and SVRC004 drilled to 80 m and 164 m respectively. As was the case with most of the drilling along the pyritic albite gneiss trend the drill holes lifted considerably. However. they all intersected the target contact albeit at higher RLs than planned. The holes intersected an alternating gneiss/pelite sequence with several bands of interlayered amphibolite. An interval of 1 m @ 0.12% zinc between 15 m and 16 m in SVRC003 associated with a thin amphibolite layer. SVRC004 was drilled beneath SVRC003 and intersected 1m @ 0.12% zinc in the interval 99 m to 100 m downhole. Section SVRC005 and SVRC006 These holes intersected a mixed sequence of psammites and pelites (metasediments) above a mixed sequence of granite and gneiss. The 3 m interval between 56 m and 59 m returned 0.69 ppm gold including 1m @ 1.52 ppm gold which was associated with elevated arsenic of 0.48%. Section SVRC007 and SVRC008 those drill traverse intersected a pelite (metasediment) above a narrow biotite schist then a mixed pelite/gneiss sequence before terminating in a psammite (metasediment). A 5 m interval above the upper intersection of the biotite schist comprised a highly foliated pelite zone with visual estimates of 10% pyrite and quartz. Within SVRC007 which was drilled above SVRC008, intervals of 2 m @ 0.44% zinc from 12 m to 14 m and 1 m @ 0.26% arsenic were encountered. Section SVRC009 and SVRC010 the highest zinc results of 1 m @ 2.17% zinc was encountered from 120 m to 121 m in SVRC010 and is the only zinc assay >1% encountered in the drilling program. The drill traverse encountered a thick amphibolite unit in SVRC010 above a mixed pelite/gneiss sequence and a lower psammite unit. Similar to traverse SVRC007 and SVRC008 a thin biotite schist unit was encountered lower in the hole and associated with elevated geochemical results of 1 m @ 0.4 ppm gold and 2 m @ 0.14% zinc and 0.4 ppm gold from 49 m to 51m in SVRC009. Ankündigung • Nov 16
Ausmon Resources Limited Updates on Exploration Projects Ausmon Resources Limited advises an update on its current exploration projects. RC drilling program at Stirling Vale within EL 8747, near Broken Hill NSW: This drilling program, completed in late September 2020, consisted of 10 holes totaling 1,151 m of RC drilling program at Stirling Vale EL 8747 that targeted a 1.5 km exploration area for cobalt, zinc and gold along the western limb of the Stirling Vale Synform. The company is still waiting for spectral mineralogical results from the ALS geochemical laboratory to be able to perform a complete geological assessment of the program results. To date all of the assay results have been received but requested spectral analyses are still in progress. There have been unusual delays because of the impact of Covid-19 on staff availability and logistics at the ALS Laboratory in Orange with some of the tests having to be transferred to their Adelaide laboratory for completion. RC/Diamond Core drilling program at Nth Kanbarra within EL 8745, near Broken Hill NSW: This RC/Diamond Core drilling program at Nth Kanbarra within EL 8745 near Broken Hill was planned to commence in the second half of November 2020, subject to approval from the Department of Primary Industries ("DPI"). That drilling program aims to test the targets identified from the recently completed Nth Kanbarra Ground IP survey. The potential from those targets are cobalt, zinc and copper. The DPI has advised that a "test of significance" in the area must be carried out for their assessment because of known habitat of the Thick-billed Grass Wren which is listed as a critically endangered and threatened species. An announcement will be released after a determination has been received. Ankündigung • Oct 20
Ausmon Resources Limited Provides Update on Assay Results of RC Drilling at EL 8747 Ausmon Resources Limited advised an update on the progress of laboratory analysis of the samples from the 10 holes totaling 1,149 m RC drilling program at Stirling Vale EL 8747 that targeted a 1.5 km exploration area for cobalt, zinc and gold along the western limb of the Stirling Vale Synform. When the drilling was completed in September 2020 the Company expected laboratory results to be available within the usual time frame of 2 - 3 weeks. The laboratory has advised that they have been subject to very heavy workload, presumably from increased exploration activities by mining companies after the forced slow down during the Covid-19 imposed travel restrictions. Assay results may now be expected at the end of October 2020 with results possibly announced in the first week of November 2020. In the meantime, the Company is preparing for the RC/Diamond Core drilling program at Nth Kanbarra within EL 8745 near Broken Hill planned to commence in the second half of November 2020, subject to any unforeseen events. That drilling program will test the targets identified from the recently completed Nth Kanbarra Ground IP survey. The potential from those targets are cobalt, zinc and copper. Ankündigung • Oct 07
Ausmon Resources Limited Announces Drilling Program to Follow Up Ground IP Survey EL 8745 Ausmon Resources Limited announced its program to drill test the targets identified from the recently completed Nth Kanbarra Ground IP survey within EL 8745. An initial 4 holes of RC and Diamond Core drilling for a total of approximately 1,200 m is proposed. The holes will be approximately 250 m to 350 m deep to intersect the targets at -150 m and -250 m vertically below the surface. Exact hole collar locations will be determined at the sites and drilling can commence once approval of the NSW Mines Department has been obtained. Nth Kanbarra Prospect is in an area of little outcrop (coloured polygons) and recent cover sediments of variable thickness. The Ground IP survey results and the work of a previous operator indicate an exciting area to explore for base metals in a region where other mining companies have been successful. In 2009, previous operator Eaglehawk Geological Consulting completed a 57 hole Rotary Airblast (RAB) drilling program for 1,696 m. Samples were collected at the bottom of each hole and some other mineralised altered intervals in the holes. The key geological/geochemical results from the 2009 RAB drilling program in addition to the 8 lines of the September 2020 Ground IP survey of the Company in blue. The central red hatched area comprises a "gossan zone" between IP lines 2 and 4 with a limited surface expression. To the south of the "gossan zone" as observed in the drill holes the metasediments with local hematite alteration and brecciation while to the north is a zone of metasediments with localised quartz and gossan between IP lines 3 and 8. Geochemical results from the drilling highlighted a zone of Zn (green) to 500 ppm and Cu (blue) to 1,900 ppm between IP lines 3 and 6 flanked by Zn to 500 ppm to the north and south. The IP resistivity models suggest there is a conductive surface layer of up to 50 m thickness over most of the Nth Kanbarra area. Below this layer the basement is resistive. The IP chargeability model defines two chargeable sources. The strongest source is centred around 558325E 6433600N with its core at a depth of around 160 m. It is oriented roughly EW with a strike length of around 500 m, a width of around 100 m and the 3D inversion model indicates it has significant depth extent. The second source is to the east at 558940E 6433450N and shallower at 140 m depth. This source is around 150 m x 80 m in size, and with limited depth extent. Both sources appear to be located along an EW structure. The proposed drilling will be testing the larger anomaly shown in red with the lower tenor anomaly to the south east to be tested at a later date. The IP survey at Nth Kanbarra has delineated two chargeability anomalies which have been resolved into well-defined chargeable zones by inversion modelling. The initial drill testing is proposed for 1,200 m with 4 drill holes designed to intersect the main zone at - 150 m and -250 m below the surface. The proposed initial drill holes NK1 and NK3 and how it will test the high chargeability zone. Proposed drill holes NK2 and NK4 are designed to test the target at -250 m below the surface. The IP anomaly will be modelled in 3D to refine drill holes NK1 to NK4. Follow up drilling will aim to evaluate the full 1.5 km boomerang shaped anomaly (yellow to red colours). Ankündigung • Oct 01
Ausmon Resources Limited Announces the RC Drilling Program Is Commencing At EL 8747 Stirling Vale Targeting Cobalt, Zinc and Gold Ausmon Resources Limited announced that the RC Drilling Program is commencing at EL 8747 Stirling Vale targeting cobalt, zinc and gold. 10 holes totalling 1,200 m are planned in a 1.5 km zone along the western limb of the StirlingVale Synform. Completion is expected this month with the results next month. Holes SVRC001 and SVRC002 will test the outcropping pyritic siliceous zone (PI2) and holes SVRC003 to SVRC010 will test the "cobaltiferous albite gneiss zone" that was intersected by the Pasminco drilling in 1995 and sampled by the company in 2018. Figure 2 shows a cross section of the area which illustrates the relationship of the current RC Drilling Program and the 1995 Pasminco drilling. The targeted areas determined from the recent sampling results from the left to right in Figure 2 are: Cobalt mineralisation within the PI2 zone that outcrops as a discontinuous ridge over 1.5 km of strike with surface assays to 216 ppm cobalt. Holes SVRC001 and SVRC002 will test this targeted area at 50 m vertically below the surface. Cobalt associated with pyritic albitic gneiss (up to 20% pyrite). The pelite above the cobalt one has an increased % of magnetite which will be a good marker horizon when exploring for the cobalt mineralisation. Base metal in pyritic metasediments comprising quartz and gahnite and with similarities to the Broken Hill Lode System. Assays in the area comprise 2 m @ 700 ppm zinc and up to 6% pyrite. Gold based on the findings of resampling of Pasminco's 1995 hole DD95STV3 of 1.2 m @ 0.9 ppm Au. Targeted areas 2 to 4 will be tested by holes SVRC003 to SVRC010 with two drill holes per section in a similar orientation to RC95STV5 and DD95STV3. Ankündigung • Sep 17
Ausmon Resources Limited Announces Update on RC Drilling at Stirling Vale Cobalt-Zinc-Gold Exploration Area in EL8747, Broken Hill NSW Ausmon Resources Limited advised that 8 holes have been completed of the 10 holes RC Drilling Program at EL 8747 Stirling Vale targeting cobalt, zinc and gold. Completion of the program is expected this weekend subject to any unforeseen events. The planned 10 holes for 1,200 m targets a 1.5 km zone along the western limb of the Stirling Vale Synform. Holes SVRC001 and SVRC002 test the outcropping pyritic siliceous zone (PI2) and holes SVRC003 to SVRC010 test the "cobaltiferous albite gneiss zone" that was intersected by the Pasminco drilling in 1995 and sampled by the Company in 2018. Cobalt mineralisation within the PI2 zone that outcrops as a discontinuous ridge over 1.5 km of strike with surface assays to 216 ppm cobalt Holes SVRC001 and SVRC002 will test this targeted area at 50 m vertically below the surface. Cobalt associated with pyritic albitic gneiss (up to 20% pyrite). The pelite above the cobalt one has an increased % of magnetite which will be a good marker horizon when exploring for the cobalt mineralisation. Base metal in pyritic metasediments comprising quartz and gahnite and with similarities to the Broken Hill Lode System. Assays in the area comprise 2 m @ 700 ppm zinc and up to 6% pyrite. Gold based on the findings of resampling of Pasminco's 1995 hole DD95STV3 of 0.3 m @ 0.9 ppm Au. Ankündigung • Sep 14
Ausmon Resources Limited Announces Ground IP Survey Completed at Kanbarra El 8745 Cobalt-Zinc Exploration, Broken Hill NSW Ausmon Resources Limited announced that completion on September 11, 2020 of the Ground IP Survey at Nth Kanbarra which commenced in the last week of August 2020. The survey comprised 8 lines of 1.4 km long across a 1.5 km base metal exploration target identified from the field sampling carried out in June/July 2020. The acquired IP data will be modelled using either 2D and/or 3D inversion and an overall interpretation will be carried out to identify any sub-surface targets for test drilling. The results can be expected this month and an announcement will be made in due course. Any drilling will require the Department of Industry approval for new holes location. As the current Company's RC drilling in nearby EL 8747 is progressing well with 6 out of 10 planned holes completed as of last Saturday, the approval from the DPI will not be obtained in time for any drilling at Nth Kanbarra back to back by the same drilling crew as the company had hope to save time and mobilization costs for any new drilling program. Induced Polarisation Method: Induced Polarization (IP) is a measure of a delayed voltage response in earth materials. The IP effect is caused by a current-induced electron transfer reaction between electrolyte ions and metallic-luster minerals. IP is a low frequency measurement of the electrical energy storage capacity of the earth. By passing an induced current into the ground and measuring the change in voltage with respect to time, or changes in phase at a given frequency with respect to a reference phase, the IP effect can be determined. To produce an IP effect, fluid-filled pores must be present since the rock matrix is basically an insulator. The IP effect becomes evident when these pore spaces are in contact with metallic-luster minerals, graphite, clays, or other alteration products. IP effects make the apparent resistivity of the host rock change with frequency - generally the rock resistivity decreases as the measurement frequency increases. The TX electrode is a 1 m long x 150 mm x 5 mm mild steel plate that is buried at about 200 mm deep and socked in with water. These are picked up after the dirt is put back into the hole. After the first rain shower it is difficult to find the TX location. The receiver pots are coffee cup size and are buried into a mud slurry, these leave a small round hole about 100 mm deep after use. 