Latest Augustus Minerals (ASX:AUG) News

Augustus Minerals has raised $1.675 million through a placement to fund maiden drilling at its Music Well gold targets and advance the Mt Kare project application. The capital boost positions the company with nearly $2.75 million in cash to accelerate exploration activities through 2025.

Augustus Minerals is progressing its second-in-time licence application for the Mt Kare Gold Project in Papua New Guinea, aiming to unlock a high-grade alkali epithermal deposit near the Porgera mine. The company is preparing for rapid underground development and aggressive drilling, contingent on regulatory outcomes.

Augustus Minerals has initiated Heritage Surveys at its expansive Music Well Gold Project, clearing a critical hurdle toward starting its maiden drilling campaign in a prolific Western Australian gold belt.

Augustus Minerals confirms Heritage Surveys will start on 26 August 2025 at its Music Well Gold Project, unlocking statutory approvals for its maiden drilling campaign. Recent soil and rock chip sampling highlight promising gold anomalies, setting the scene for a potentially significant exploration phase.

Augustus Minerals has appointed Dr James Warren as its new CEO, bringing a wealth of exploration and corporate growth experience to lead its promising Western Australian projects. This leadership change signals a strategic push towards advancing drilling campaigns and unlocking shareholder value.

Augustus Minerals advances exploration at its Music Well gold project near Leonora, revealing multiple mineralised corridors and promising gold nugget finds. The company plans drilling and soil sampling to test these high-potential targets.

Augustus Minerals reports significant advances in gold exploration at its Music Well Project with multiple high-grade assay results and secures a strategic licence application for the Mt Kare Gold Project in Papua New Guinea.

Augustus Minerals has signed a Heritage Protection Agreement with the Watarra Aboriginal Corporation, clearing the way for heritage surveys and imminent drilling at its promising Music Well Gold Project near Leonora, WA.

Augustus Minerals has revealed a striking new high-grade gold quartz vein at its Music Well project near Leonora, Western Australia, with assays reaching 62.2g/t gold. This discovery, alongside multiple other promising prospects, significantly expands the project's exploration potential.

Augustus Minerals has secured a key position in the Mt Kare Gold Project by acquiring ACM Contract Mining PNG Ltd, positioning itself second-in-line for the exploration license in Papua New Guinea.

Augustus Minerals has reported striking visible gold and exceptional assay results from rock chip sampling at its expansive Music Well project in Western Australia, signaling promising exploration progress.

Augustus Minerals has expanded the high-grade gold surface sampling zone at its Clifton East prospect near Leonora to approximately 950 metres, reinforcing the project's potential with impressive assay results.