Overview
Augustus is a mineral explorer committed to exploring its project portfolio with a focus on gold in Western Australia and Papua New Guinea.
Western Australia
The Music Well Gold Project
Augustus Minerals Limited holds the exploration licenses and applications comprising the Music Well Gold Project located 35km north of Leonora in the Leonora/Laverton Greenstone Belt of Western Australia.
Music Well comprises fourteen exploration licences covering an area of 1,242km2, making the Project one of the largest exploration packages in the region.
The Ti-Tree Project
The Ti-Tree Project, covering an area of 1,300km2, contains several gold and copper prospects as well as demonstrated potential for Cu-Ni-PGE mineralisation.
The Money intrusion is being explored by Dreadnought Resources Limited and Teck Resources Limited immediately to the north of Augustus tenure.
Papua New Guinea
Mt Kare Licence Application
Augustus is second in line for the Mt Kare Licence in Papua New Guinea and intends to actively pursue the application and grant of an exploration licence.
Mt Kare is an alkali epithermal gold deposit, a rare class of gold deposit, that includes Porgera (PNG) (32Moz Au), Lihir (PNG) (47Moz Au), Cadia-Ridgeway (NSW) (>50Moz Au) & Cripple Creek (Colorado) (26Moz Au)1.
Vanapa River
Licence Application ELA2955 covers 1,890km² in Papua New Guinea, located near major deposits including the 1.5Moz Tolukuma Gold Mine and the 2.6Moz Au / 1,630Mlb Cu Kodu deposit. The licence sits within the highly prospective New Guinea metallogenic belt—one of the world’s premier gold-copper provinces.
