Ausmon Resources Limited (ASX:AOA) Announces Field Reconnaissance for Rare Earth Drilling Program
Operational Achievements
Ausmon Resources Limited has completed several vehicular traverses within its Peake, Wilkawatt, and Parrakie tenements in Limestone Coast, South Australia. This prepares the company for selecting sites on Council roadside verges for shallow (<20m) Aircore Drilling.
Exploration Progress
The tenements cover a total area of 2,317 km² in the Murray Basin, targeting Loxton/Parilla sands prospective for Rare Earth Elements. Previous drilling programs in Parrakie provided encouraging TREO results and the presence of Zirconium.
Future Outlook
Ausmon is preparing documents for approval of the drilling PEPR by the Department of Energy and Mining of South Australia. A locally based drilling crew is reserved to commence drilling once consent is obtained.
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