Ausmon Resources Secures Drilling Greenlight and Uncovers Zinc Potential Near Broken Hill
Ausmon Resources advances its rare earth and base metals exploration with new drilling approvals in South Australia and promising zinc assay results near Broken Hill, underpinning its strategic focus on high-value mineral targets.
- Drilling approval granted for rare earth exploration along road verges in South Australia's Limestone Coast
- Significant zinc intersections identified at Enmore prospect near Broken Hill, NSW
- Relinquishment of Mt Rough and Kingston tenements due to shallow water table challenges
- Planned resumption of drilling at East Borehole prospect in June 2025
- Exploration expenditure of $50,000 for the quarter with funding secured for over six quarters
Strategic Drilling Approval in South Australia
Ausmon Resources Limited has received official approval from the South Australian Department of Energy and Mining to commence a targeted drilling program along road verges within its Limestone Coast tenements, including Parrakie, Wolseley, Wilkawatt, and Peake. This greenlight, granted in April 2025, follows a comprehensive submission for environmental protection and rehabilitation protocols, underscoring the company's commitment to responsible exploration practices. The drilling campaign is scheduled to begin in early May 2025, aiming to further delineate rare earth element (REE) mineralisation within the prospective Loxton/Parilla Sands formation.
Promising Zinc Intersections at Broken Hill
In New South Wales, Ausmon's exploration at the Enmore tenement near Broken Hill has yielded encouraging preliminary results. Portable X-ray fluorescence (pXRF) scans from the initial RC drill hole (24EBRC001) revealed significant zinc concentrations, with assays confirming multiple intervals of elevated zinc, lead, manganese, and copper. Notably, a 4-meter interval from 36 to 40 meters returned 1,095 ppm zinc and 176 ppm lead, while a 28-meter section from 40 to 68 meters averaged 583 ppm zinc. These findings suggest the presence of base metal sulphides at depth, aligning with the geological setting of Broken Hill-type mineralisation. The company plans to resume drilling with a revised approach incorporating RC pre-collars and diamond tails in the June quarter.
Portfolio Rationalisation and Focused Exploration
During the quarter, Ausmon made the strategic decision to relinquish its Mt Rough and Kingston tenements in South Australia due to the presence of extensive shallow water tables, which posed significant drilling and environmental challenges. This move reduces the company's controlled area in the Murray and Otway Basins to approximately 2,529 square kilometers, allowing a sharper focus on the more promising Loxton/Parilla Sands targets where water tables are deeper. Concurrently, exploration activities at other NSW tenements such as Eureka and Mt Darling were paused to concentrate resources on the high-potential Enmore prospect.
Funding and Expenditure Overview
Ausmon reported exploration expenditure of $50,000 for the March quarter, covering geology, geophysics, and project management costs. The company maintains a solid financial position with $212,000 in cash and $1.065 million in unused financing facilities, providing an estimated 6.7 quarters of funding at current expenditure levels. Recent corporate payments to related parties amounted to $36,000, primarily for director fees and office rent contributions. This financial stability supports the planned drilling programs and ongoing exploration initiatives.
Looking Ahead
Ausmon's upcoming activities include compiling historic exploration data, conducting regolith and geological mapping, and executing shallow aircore drilling along road verges in both South Australia and Queensland's Turkey Hill tenement. The company is also prioritising detailed soil sampling and geological mapping around the East Borehole IP chargeability anomalies at Enmore to refine drill targets. These efforts reflect a balanced approach combining methodical groundwork with targeted drilling to unlock value from both rare earth and base metal prospects.
Bottom Line?
With drilling approvals secured and zinc assays pointing to promising mineralisation, Ausmon is poised to advance its exploration momentum through mid-2025.
Questions in the middle?
- Will the upcoming drilling at Parrakie confirm high-grade rare earth element zones to support resource development?
- How will Ausmon's revised drilling strategy at Enmore impact the delineation of base metal sulphide deposits?
- What are the implications of relinquishing Mt Rough and Kingston tenements on the company's long-term rare earth portfolio?
