Ausmon’s Exploration Progress Faces Funding and Access Challenges Ahead

Exploration Momentum in South Australia

Ausmon Resources Limited has made notable strides in its rare earth elements (REE) exploration across its South Australian tenements during the September 2025 quarter. The company completed aircore drilling programs at Parrakie, Wilkawatt, Peake, and Wolseley, collecting over 1,000 samples and reporting significant assay results. Notably, Total Rare Earth Oxides (TREO) grades reached up to 2,192 ppm in some intervals, underscoring the potential of the Murray Basin sands for REE mineralisation.

The drilling targeted the Loxton/Parilla sands, a region with proven REE mineralisation nearby, and Ausmon’s results have delineated three key target areas (LC01, LC02, LC03) covering approximately 122 square kilometres. These zones exhibit elevated TREO values, setting the stage for more focused and closely spaced drilling in the near future.

Base Metals Exploration Near Broken Hill

In New South Wales, Ausmon’s exploration near Broken Hill has yielded encouraging base metals results, particularly at the Enmore tenement. Drilling at the East Borehole prospect encountered elevated zinc and lead concentrations, with intervals such as 4 metres at 1,095 ppm zinc and 400 ppm manganese, and other zones showing significant copper and lead values. These findings suggest the presence of base metal sulphides at shallow depths, warranting further drilling to delineate the extent of mineralisation.

The company plans to resume drilling with a combination of reverse circulation and diamond tails in the 2025/2026 financial year, aiming to test geophysical targets identified by previous surveys. Additional soil sampling and exploration work are also planned to expand the understanding of the mineral potential across the broader tenement package.

Gold and Rare Earths Exploration Elsewhere

Ausmon’s gold exploration near Tumut in New South Wales remains in early stages, with limited activity during the quarter as the company focuses on its core REE and base metals projects. Meanwhile, in Queensland, the Turkey Hill tenement targeting surficial rare earth mineralisation saw no field work due to weather conditions, but future sampling and mapping programs are planned to assess the REE potential in this region.

Financial Position and Outlook

During the quarter, Ausmon incurred $71,000 in exploration expenditure, reflecting its ongoing commitment to advancing its projects. The company reported a net cash outflow from operating activities of $80,000 but bolstered its financial position by raising $445,000 through loan facilities and $400,000 via unsecured loan notes. With cash and available financing totaling nearly $1 million, Ausmon is positioned to continue its exploration programs into the coming quarters.

Management remains focused on progressing drilling campaigns, securing land access agreements, and engaging with local communities to support exploration activities. The company’s methodical approach to delineating high-grade REE zones and base metals targets could enhance its resource base and attract further investment interest.