Ausmon Resources Wraps Up Rare Earth Drilling in South Australia, Awaiting Key Assay Results
Ausmon Resources has completed its latest Aircore drilling campaign targeting rare earth elements across three tenements in South Australia’s Limestone Coast, with initial samples now sent for analysis.
- Completion of 57-hole Aircore drilling program totaling 1,001 meters
- Drilling focused on Wilkawatt, Peake, and Parrakie tenements
- Wolseley drilling deferred to manage program costs
- Initial 50 samples submitted for rare earth element assay
- Exploration conducted under environmental approvals with minimal disruption
Ausmon Advances Rare Earth Exploration in Limestone Coast
Ausmon Resources Limited has announced the completion of its shallow Aircore drilling program targeting rare earth elements (REEs) within the Limestone Coast region of South Australia. The campaign covered three contiguous tenements, Parrakie, Wilkawatt, and Peake, situated in the Murray Basin, an area known for its Loxton/Parilla sands that are prospective for REEs.
The program drilled 57 holes averaging 18 meters deep, totaling just over 1,000 meters, primarily within Wilkawatt and Peake. Drilling at the smaller Wolseley tenement to the southeast was deferred to contain costs, reflecting a strategic focus on the most promising areas for now.
Building on Previous Encouraging Results
This latest drilling effort aims to extend previously identified intersections of total rare earth oxides (TREO) and zirconium, following two successful programs in 2024 that yielded encouraging results within Parrakie. Nearby, Australian Rare Earths has reported a significant JORC resource estimate, underscoring the region’s potential as a rare earth hotspot.
Ausmon’s approach carefully balances exploration progress with environmental stewardship. All drill holes were located along council road verges to minimize impact on private properties and local flora, operating under the Department of Energy and Mining of South Australia’s environmental protection and rehabilitation guidelines.
Next Steps and Market Implications
An initial batch of 50 samples has been dispatched to ALS Laboratories in Adelaide for detailed REE analysis. The market awaits these assay results, which will be pivotal in assessing the scale and quality of the mineralisation encountered. Positive outcomes could enhance Ausmon’s resource potential and attract further investment interest in the company’s South Australian projects.
While the deferral of Wolseley drilling introduces some uncertainty, the current program’s completion marks a significant milestone in Ausmon’s rare earth exploration journey. The company’s consultant geologist, Mark Derriman, has verified the technical aspects of the exploration results, lending credibility to the findings.
Bottom Line?
Ausmon’s next chapter hinges on assay results that could unlock significant rare earth potential in a strategically important Australian region.
Questions in the middle?
- What do the pending assay results reveal about the grade and extent of rare earth mineralisation?
- When will drilling at the Wolseley tenement resume, and how might it impact overall resource estimates?
- How will Ausmon position itself amid growing competition in the Australian rare earth sector?
