Ausmon Resources advances its rare earth elements exploration in South Australia’s Limestone Coast, unveiling promising drilling results and plans for detailed grid drilling in 2026. Concurrently, the company pursues base metals and gold prospects in New South Wales and Queensland.
- Promising rare earth elements (REEs) assay results from broad Aircore drilling in Limestone Coast
- Plans to initiate focused grid drilling at Jabuk Prospect pending land access agreements
- Base metals exploration near Broken Hill yields encouraging zinc, lead, and manganese assays
- Exploration expenditure of $27,000 during December quarter with no production activities
- Loan facilities totaling $2.5 million support ongoing exploration and corporate activities
Rare Earths Exploration Gains Momentum in South Australia
Ausmon Resources Limited has reported significant progress in its rare earth elements (REEs) exploration across its tenements in the Limestone Coast region of South Australia. The company’s recent Aircore drilling programs, conducted along road verges across the Parrakie, Peake, and Wilkawatt tenements, have delineated three key prospects, Beelitz, Geranium, and Jabuk, covering a combined area of 122 square kilometres. These results include elevated concentrations of Total Rare Earth Oxides (TREO), with some drill intersections exceeding 1,400 ppm, indicating potential for economically viable mineralisation.
Encouraged by these findings, Ausmon is transitioning from broad-spaced road verge drilling to more intensive grid-based drilling, starting with a 10 square kilometre area at the Jabuk Prospect. This shift marks a critical phase requiring land access agreements and community engagement, reflecting the company’s commitment to responsible exploration practices.
Base Metals and Gold Exploration in New South Wales
Beyond rare earths, Ausmon maintains a strong focus on base metals near Broken Hill, New South Wales, where its Enmore tenement has revealed promising geochemical anomalies. Recent pXRF scans and laboratory assays from the East Borehole Prospect indicate significant zinc, lead, manganese, and copper mineralisation, with zinc concentrations reaching over 1,000 ppm in some intervals. These results align with the geological setting known for Broken Hill-type deposits, suggesting potential for further discoveries.
While drilling at Enmore faced technical challenges in 2024, the company plans to resume with a combination of reverse circulation and diamond drilling in 2026, subject to financing. Meanwhile, exploration at other Broken Hill tenements remains on hold as focus centers on the most prospective targets.
Queensland and Gold Prospects
In Queensland’s Drummond Basin, Ausmon holds the Turkey Hill tenement targeting rare earth mineralisation within weathered sedimentary profiles. Although no fieldwork occurred during the December quarter, the company plans surface sampling and shallow Aircore traverses in 2026 to further assess this underexplored area.
Gold exploration near Tumut, New South Wales, at the Brungle Creek and McAlpine tenements remains a secondary focus, with no field activities reported this quarter as resources are prioritised towards rare earths and base metals.
Financial and Corporate Overview
During the December 2025 quarter, Ausmon incurred $27,000 in exploration expenditure, reflecting a disciplined approach to advancing its projects. The company reported no mining production or development activities, consistent with its exploration stage status. Corporate payments to related parties amounted to $34,000, primarily covering director fees and office rent.
Ausmon’s financial position is supported by loan facilities totaling $2.5 million, including an increased unsecured facility from Fort Capital Pty Ltd extended to October 2027, and $500,000 raised through unsecured loan notes. With cash and available financing, the company estimates funding for approximately 5.7 quarters at current expenditure levels, providing a runway to execute planned exploration programs.
Looking Ahead
Ausmon’s upcoming priorities include securing land access agreements and community support to commence grid drilling at Jabuk, resuming drilling at Enmore, and initiating surface exploration at Turkey Hill. These steps will be pivotal in defining the scale and quality of mineralisation and advancing the company’s position in critical minerals markets.
Bottom Line?
Ausmon’s transition to focused grid drilling and advancing base metals targets will be key to unlocking value in 2026.
Questions in the middle?
- Will Ausmon secure timely land access agreements to commence grid drilling at Jabuk Prospect?
- How will the company finance the planned drilling programs beyond current loan facilities?
- What are the implications of recent assay results for the potential scale of rare earth and base metals resources?