Ausmon Resources to Conduct Drilling for Rare Earth Elements at South Australia Tenements, Shares Soar 60%

MT Newswires Live

09/12

Ausmon Resources (ASX:AOA) said it will conduct a small drilling program for rare earth elements within the Parrakie EL 6795 tenement in South Australia, according to a Friday Australian bourse filing.

The program will consist of 21 vertical holes for a depth of 18 meters each. It will seek to gain more understanding of the rare earth elements development within the area and identify relevant freehold land ahead of grid-based drill testing later in the year.

The firm's shares jumped 60% in recent trading on Friday.

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