Ausmon Resources has delivered promising rare earth element assay results from its Beelitz Prospect in South Australia, underpinning plans for detailed grid drilling while progressing base metals and gold exploration in NSW and Queensland.
- Promising rare earth assays at Beelitz Prospect
- Grid drilling plans pending land access agreements
- Base metals targets near Broken Hill showing encouraging zinc and lead
- Gold tenement relinquished after prospectivity review
- Exploration expenditure of A$68,000 for the quarter
Beelitz Prospect Drilling Highlights Rare Earth Potential
Ausmon Resources Limited (ASX:AOA) has reported encouraging assay results from its February 2026 infill drilling program at the Beelitz Prospect within its South Australian Limestone Coast tenements. The program comprised 20 vertical aircore holes averaging 18 metres depth, reducing drill spacing to approximately 500 metres to better delineate rare earth element (REE) mineralisation.
Laboratory assays for Total Rare Earth Oxide (TREO) from 42 samples revealed significant intervals, including 2 metres at 631.3 ppm TREO (with a peak of 915.5 ppm over 1 metre) and other intercepts above 600 ppm TREO. These results build on prior broad-spaced drilling in 2024 and 2025 that identified three key target areas: Beelitz, Geranium, and Jabuk, covering over 120 km2.
The company is now preparing for a more capital-intensive grid drilling phase, focusing initially on a 10 km2 area at Jabuk and additional grid drilling at Beelitz. However, this next step depends on securing land access agreements and community support, with a local consultant engaged to facilitate these discussions. This shift from road verge drilling to private land grids marks a critical phase in resource definition.
These developments align with regional momentum, as nearby Australian Rare Earths (ASX:AR3) reported a substantial JORC resource of 236 Mt at 748 ppm TREO at their Koppamurra project to the south, highlighting the Limestone Coast as a burgeoning rare earth province. Ausmon’s progress is consistent with its earlier promising rare earths assay results and recent amended drilling results from Beelitz announcements.
Base Metals Exploration Near Broken Hill Advances
Outside South Australia, Ausmon continues to pursue cobalt, silver, zinc, and lead exploration in New South Wales near Broken Hill. The Enmore tenement (EL 9220) remains the focal point, where a 2023 IP survey identified two main geophysical anomalies at the East Borehole Prospect.
Drilling in 2024 encountered complex geology but returned encouraging base metals geochemistry, including zinc concentrations exceeding 6,000 ppm and lead up to 425 ppm in pXRF scans. Laboratory assays confirmed significant zinc intervals, such as 28 metres averaging 583 ppm zinc and 4 metres at 1,095 ppm zinc with associated lead. These results suggest potential for Broken Hill-style mineralisation and underpin plans to resume deeper drilling with RC pre-collars and diamond tails, pending financing.
Gold and Queensland Rare Earths Projects Update
Ausmon has relinquished its Brungle Creek gold tenement in New South Wales after a prospectivity review, redirecting focus to its REE projects. The McAlpine gold tenement remains under consideration but with no field activity this quarter.
In Queensland, the Turkey Hill tenement in the Drummond Basin targets REEs adsorbed onto clay-rich weathered profiles over granitic rocks known for tin and tungsten. No fieldwork occurred this quarter due to climatic conditions, but future programs plan road verge sampling and shallow aircore traverses.
Financial Position and Outlook
Exploration expenditure for the quarter totaled A$68,000, primarily on drilling and assays. Ausmon’s cash position at quarter end was A$57,000, supplemented by unused loan facilities totaling A$1.115 million, providing runway for nearly nine quarters at current spending levels. The company continues to manage related party payments conservatively, with A$6,000 paid this quarter.
With strong assay results at Beelitz and advancing exploration programs across multiple commodities and jurisdictions, Ausmon is positioning itself amid growing global interest in critical minerals. However, the pace of progress hinges on land access negotiations and financing for upcoming drilling campaigns.
Bottom Line?
Ausmon’s promising rare earth assays at Beelitz set the stage for focused grid drilling, but securing land access and funding remain key hurdles.
Questions in the middle?
- Will Ausmon secure timely land access agreements to advance grid drilling at Beelitz and Jabuk?
- How will assay results from upcoming drilling influence resource estimation and project economics?
- What is the potential scale of base metals mineralisation near Broken Hill following further drilling?