• Assay results from March 2026 drilling at Clifton East, Music Well, showed promising gold intersections.
• Follow-up drilling program completed with 11 RC holes for 1650m at Clifton East.
• Diamond drilling has started at Clifton East to test down dip of mineralisation.
• PNG exploration opportunities at Mt Kare and Vanapa River are progressing.
• Company raised $2.5 million in May through equity placements.

Augustus Minerals Ltd (ASX: AUG) reported its activities for the quarter ended 30 June 2026, highlighting significant progress in its exploration projects. At the Music Well Gold Project, assay results from the March 2026 drilling program at the Clifton East prospect showed promising gold intersections, including 11m at 2.41g/t gold. A follow-up drilling program was completed, with 11 RC holes totaling 1650m. Diamond drilling has commenced to test down dip of the mineralisation. In PNG, the Mt Kare Gold Project is progressing through the permitting process, and the Vanapa River Exploration Licence Application is advancing with landowner engagement. The company also raised $2.5 million in May through equity placements, with G Ex Australia Pty Ltd (a subsidiary of Gold Fields Limited) taking a 5% equity position.

The upcoming quarter is expected to focus on continued soil sampling, diamond drilling at Clifton East, and advancing PNG exploration opportunities.