Welcome to Australian Mines Limited
Australian Mines Limited (ASX: AUZ) is an ASX listed mineral exploration company focused on the strategic exploration of its gold and base metals portfolio in Western Australia.
In April 2014, Australian Mines entered into a Heads of Agreement with Riedel Resources (ASX: RIE) over the Marymia nickel-copper-gold project, located along strike from Sandfire Resources' world-class DeGrussa copper-gold mine. Marymia has been identified as the Company's priority exploration target for the remainder of 2014, with a drilling program to be undertaken at the exciting Simmons prospect during Q3.
The Company has also entered into a farm-in agreement covering the Foothills copper-gold prospect located within the highly prospective Murchison Goldfield region of WA. The Foothills prospect contains two mineralised gold structures that remain open along strike and at depth, as well as demonstrating significant upside through the identification of multiple copper outcrops across the project area.