Augustus Minerals (ASX:AUG) Announces VTEM Survey Results at Ti Tree
Survey Findings
Final results from the versatile time domain electromagnetics (VTEM) survey at Augustus Minerals’ Ti Tree Project have revealed three significant conductive targets within the Money Intrusion Cu-Ni-PGE area. The key target, MI_03, has been modelled as a bedrock source measuring approximately 1,000m in strike, 250m down dip, and 10m wide, indicating substantial potential for mineral deposits.
In addition, the VTEM survey identified a strongly conductive response at the Munaballya Well uranium target, extending 10km along strike and 250m to 1.5km wide. This conductive response corresponds with uranium-prospective clay zones present within the surrounding geology.
Next Steps
Augustus Minerals is planning further work for 2025 including heritage surveys, ground geophysics, and aircore drilling to advance both the Money Intrusion and Munaballya Well targets. Andrew Ford, GM Exploration, commented on the findings: “The interpretation and subsequent modelling have defined strong conductors on the Money Intrusion, with further ground-based EM recommended as a follow-up for drill testing.” He also highlighted the extensive near-surface conductive clay zone at Munaballya Well as promising for uranium exploration.
The VTEM survey, which included 646-line km of data acquisition, was essential for mapping the geological structure and identifying potential mineralisation in the area. The survey results were essential for identifying further drilling targets and comprehensively understanding the subsurface conductors.
Conclusion
Augustus Minerals continues to demonstrate its commitment to exploring high-quality drill targets within the Ti Tree Project. The strong results from the VTEM survey establish a solid foundation for advancing exploration efforts in 2025.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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