Market Alert: Strong Breakout Setup Emerging in ASX 200 Utilities Sector
Ausmon Resources Limited (ASX: AOA) has commenced Aircore drilling for Rare Earth Elements (REEs) at its Limestone Coast tenements in South Australia, covering Parrakie, Wilkawatt, Peake, and Wolseley. These tenements span a total of 2,529 km² within the Murray Basin, targeting the REE-rich Loxton/Parilla sands. Previous drilling at Parrakie in 2024 returned promising TREO and zirconium results, encouraging further exploration in adjacent areas.
The current program includes 1,000 metres of shallow drilling, averaging 18 metres in depth, focusing on Wilkawatt, Peake, and the northeast of Parrakie, with first-time drilling at Wolseley. Drill sites are situated along council road verges with local approvals in place to minimise environmental disruption. Initial scanning will be conducted onsite using the Company’s Vanta pXRF, with select samples sent to ALS Laboratory for assay. Results will be reported upon completion, with the program aiming to identify REE extensions and reduce assay costs efficiently.
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
May 02, 2025
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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.