AuMEGA Metals Outlines Cape Ray Growth Strategy and Resource Upside
AuMEGA Metals Limited (ASX: AAM) has released a strategic update outlining its growth plans across the Cape Ray district, supported by an established gold mineral resource base and an expanding exploration pipeline. The Company’s current resource, completed in 2023 using a gold price assumption of US$ 1,750 per ounce, provides a technical foundation for future growth and includes an Indicated resource of 6.2 million tonnes at 2.25 grams per tonne gold for 450,000 ounces and an Inferred resource of 3.4 million tonnes at 1.44 grams per tonne gold for 160,000 ounces. AuMEGA is evaluating a potential resource update incorporating additional drilling, improved geological interpretation, historic core relogging and the possible inclusion of silver, while maintaining an exploration-led strategy. The Company also highlighted that 2025 exploration work materially expanded target opportunities ahead of a focused 2026 drill campaign, including the emergence of the Isle aux Morts Granite as a new district-scale target adjacent to the existing resource corridor.
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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AuMEGA Metals Outlines Cape Ray Growth Strategy and Resource Upside
AuMEGA Metals Limited (ASX: AAM) has released a strategic update outlining its growth plans across the Cape Ray district, supported by an established gold mineral resource base and an expanding exploration pipeline. The Company’s current resource, completed in 2023 using a gold price assumption of US$ 1,750 per ounce, provides a technical foundation for future growth and includes an Indicated resource of 6.2 million tonnes at 2.25 grams per tonne gold for 450,000 ounces and an Inferred resource of 3.4 million tonnes at 1.44 grams per tonne gold for 160,000 ounces. AuMEGA is evaluating a potential resource update incorporating additional drilling, improved geological interpretation, historic core relogging and the possible inclusion of silver, while maintaining an exploration-led strategy. The Company also highlighted that 2025 exploration work materially expanded target opportunities ahead of a focused 2026 drill campaign, including the emergence of the Isle aux Morts Granite as a new district-scale target adjacent to the existing resource corridor.
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au