Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
Ausmon Resources FY26 Report Highlights Rare Earths Growth and Exploration Expansion
Highlights
Rare Earths Exploration Drives FY26 Progress
Ausmon Resources Limited (ASX: AOA) released its FY26 Annual Report on 29 September 2026, outlining exploration progress across its portfolio of rare earth elements (REEs), base metals and gold projects. The company’s activities during the year focused primarily on REE exploration within South Australia’s Limestone Coast region, alongside base metal targets near Broken Hill and gold opportunities in New South Wales.
The company identified three prospective REE mineralised areas — Beelitz, Geranium and Jabuk — across its Parrakie, Peake and Wilkawatt tenements. These targets cover a combined area of approximately 122 square kilometres and have been prioritised for closer-spaced grid drilling to support future resource evaluation.
Drilling Confirms REE Potential
Ausmon’s South Australian REE portfolio includes four granted tenements — Parrakie, Peake, Wilkawatt and Wolseley — covering approximately 2,529 square kilometres within the Murray Basin. The projects are prospective for REEs hosted within Loxton and Parilla Sands.
Exploration programs between January 2024 and May 2025 included systematic aircore drilling across Parrakie, Peake and Wilkawatt. The results identified elevated REE mineralisation across multiple drill traverses, leading to the definition of the Beelitz LC01, Geranium LC02 and Jabuk LC03 target zones.
Follow-up drilling at Beelitz returned encouraging Total Rare Earth Oxide (TREO) results, including 2 metres at 631.3 ppm TREO and 2 metres at 631.0 ppm TREO from separate drill holes. These results supported plans for additional grid-based drilling programs.
Base Metals and Gold Portfolio Progress
At Broken Hill, Ausmon continued evaluating base metal opportunities across Enmore, Eureka, Mt Darling, Kanbarra and Stirling Vale. The company identified potential for zinc, lead, silver, cobalt and copper mineralisation, with Enmore retained as a priority exploration area. The company also let its Brungle Creek licence lapse in March 2026 to focus on the McAlpine gold project near Tumut, New South Wales, where further geochemical surveys are planned.
Financial Position and Outlook
Ausmon recorded a net loss of AU$719,767 for FY26, while cash and cash equivalents increased to AU$104,866 from AU$10,968 in FY25. Total assets reached AU$2.60 million, supported by exploration and evaluation expenditure across the company’s licences.
Ausmon continues to prioritise exploration activities, progress mineral resource evaluation, and identify additional opportunities that align with its long-term growth strategy. Future activities will depend on exploration success and securing appropriate funding through options including farm-outs, borrowings or equity capital.
Note- All data presented is based on information available at the time of writing.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.Disclosure: The information mentioned above has been sourced from the company reports and a third-party database, i.e. Koyfin. Investors are advised to use strict stop-loss to protect their investments in case of any unfavorable/uncertain market events.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au