Copper Ridge Extended To 1,300m With Rock Chips At Ti-Tree Project

Augustus Minerals (ASX: AUG; “Augustus” or the “Company”) is pleased to advise that the results of the first reconnaissance field survey for a number of targets have been received.

Highlights

• Results from initial field trip confirms prospectivity of the Ti-Tree Shear project
• Copper - Multiple rock chip samples from 0.6% - 2.2% Cu from Crawford area extend known outcropping mineralisation along Copper Ridge by 117% to 1,300m of strike length
• TREO & Molybdenum - Crawford South returned elevated grades of 2,077ppm TREO & 1,786ppm Mo
• TREO - Bentley ironstone prospect returned grades up to 1,283ppm TREO from rock chips
• Scandium – Mac’s Well returned highly anomalous grades of 104ppm Sc in ironstone
• Numerous high-level targets identified for further exploration efforts
• Aboriginal Heritage survey work commencing today
• RC drill program to commence immediately post Heritage survey clearance, testing anomalies across the tenement package

The unique array of commodities and mineralisation seen along the Ti-Tree Shear is reflected in the results received to date from only the first on-the-ground field trip.

Augustus sampled mostly at prospects where there has been zero previous modern exploration conducted, with some sampling across the Crawford area which is highly elevated in surface copper and gold anomalism (Figure 1).

Andrew Reid, Managing Director

“Augustus has moved quickly to develop it’s on the ground exploration plan. These first results add further weight to our initial thoughts on a range of the best targets and prospects that Augustus plans to drill over the coming months.

Our base metals targets are shaping up quite nicely now and are likely to be the first to be drilled once the Heritage surveys are completed. The rare earths assays show real promise and will be subjected to more evaluation in the field this week.

Our priority currently is completing Aboriginal Heritage surveys and commencing drilling.”

Figure 1. Location Map of Prospects sampled.

Copper-Gold

The Crawford area is an 8km x 3km zone highly anomalous in copper and gold. Within this area there are four (4) distinct zones which have been mapped and sampled to date.

The flagship prospect at Crawford is Copper Ridge (Figure 2) was previously mapped and sampled over approximately 1600m of outcrop. New sampling has increased this strike length by 700m to 1,300m in total (Figure 3). Copper Ridge will be one of the first prospects to be Heritage surveyed and drilled.

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