The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Ausmon Resources (AOA) has continued field sampling at the Stirling Vale and Kanbarra tenements near Broken Hill in New South Wales
  • Sampling was completed at Stirling Vale, however it had to be reduced at Kanbarra due to heavy rainfall
  • A total of 228 soil samples and 13 rock samples were collected and will be sent to a laboratory for analysis for multi-elements including lithium and associated elements
  • The company’s Chief Technical Officer met with landowners of nearby tenements to discuss exploration plans as well as access and compensation terms, which were well received
  • Shares closed flat today at 0.8 cents

Ausmon Resources (AOA) has continued field sampling at the Stirling Vale and Kanbarra tenements near Broken Hill in New South Wales.

Sampling was completed at Stirling Vale, however it had to be reduced at Kanbarra due to heavy rain.

A total of 228 soil samples and 13 rock samples were collected and will be sent to a laboratory for analysis of multi-elements including lithium and associated elements.

The sampling at Stirling Vale was conducted to the north-east of the tenement, an area comprising of extensive pegmatite, which could have the potential for lithium, caesium and tantalum mineralisation.

This area has not been subject to significant exploration for lithium before.

Field sampling at Kanbarra was conducted across three areas defined by low and high magnetics as well as elevated rock chemistry, identified in historical data.

The Chief Technical Officer has met with landowners of nearby tenements to discuss access and compensation terms.

The company says its proposed exploration plans have been well received and it will progress towards the execution of agreements.

Shares closed flat today at 0.8 cents each.

aoa by the numbers
More From The Market Online

Elixir Energy enters strategic Taroom Trough farmout with Beach Energy

Elixir Energy has entered into strategic farm-out agreements with Beach Energy across parts of its Taroom…

X2M Connect signs binding agreement to deliver AI-enabled data centre site in Qld

X2M Connect has signed an agreement with a Queensland developer for a 10MW AI-enabled data centre…

Acusensus awarded $210M territory-wide contract with the ACT government

Acusensus has signed an agreement with the ACT for the provision of specific traffic enforcement services…
HotCopper Daily Market Trends Graphic

Friday’s HotCopper trends: Zip Co, Hamelin Gold, X2M Connect and other daily topics

With more than 600k average monthly users on the HotCopper forums, each and every discussion can…