{"id":2988,"date":"2023-12-11T00:41:01","date_gmt":"2023-12-11T00:41:01","guid":{"rendered":"https:\/\/economicherald.net\/?p=2988"},"modified":"2023-12-11T00:41:01","modified_gmt":"2023-12-11T00:41:01","slug":"12m-at-12-5g-t-gold-and-1-7-copper-austin-metals-nabs-early-stage-ashburton-copper-gold-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2988","title":{"rendered":"12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project"},"content":{"rendered":"<p>Austin Metals enters into binding agreement with Gardner Mining to acquire the Ashburton copper-gold project<br \/>\nAshburton has received minimal exploration but is home to a 1.2km long zone of outcropping copper-gold mineralisation<br \/>\nWork programs are already underway to assist with target generation and maiden drilling <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Austin Metals adds another string to its bow with the acquisition of the high-grade Ashburton copper-gold project in WA\u2019s Pilbara region. <\/strong><\/p>\n<p>Base and precious metals explorer <a href=\"https:\/\/stockhead.com.au\/company\/austin-metals-ayt\/\">Austin Metals (ASX:AYT)<\/a> has entered into a binding agreement with Gardner Mining to acquire the Ashburton copper-gold project, about 75km southwest of Paraburdoo and 90km from <a href=\"https:\/\/stockhead.com.au\/company\/black-cat-syndicate-bc8\/\">Black Cat Syndicate\u2019s (ASX:BC8)<\/a> Paulsens gold mine.<\/p>\n<p>AYT believes the project, while underexplored, is highly prospective due to the presence of a 1.2km long zone of outcropping copper and gold mineralisation, including a \u201cspectacular\u201d 12m at 12.5 g\/t copper and 1.7% copper trench result.<\/p>\n<p>Another trench result was also returned, including 13m at 4.1% copper and 0.3 g\/t gold.<\/p>\n<p>\u00a0<\/p>\n<p>Map and tenure of the Ashburton project. Pic via Austin Metals<\/p>\n<p>\u00a0<\/p>\n<p>As well as the trench results, rock chip sampling involving the collection of 19 samples at the Donnellys prospect returned grades of up to 14% copper, with an average of 5.7% copper and 1.9 g\/t gold.<\/p>\n<p>Ashburton comprises eight granted exploration tenements and one granted prospecting licence over some ~510km2 on Ashburton Downs Station.<\/p>\n<p>AYT says the project is easily accessed via a series of station tracks from the Ashburton Downs Station Road.<\/p>\n<p>The agreement with Gardner, an exploration company controlled by Darren White, involves AYT\u2019s 100% interest in exploration licences E08\/2997, E08\/3104, E08\/3120, E08\/3121, E08\/3222 and E08\/3273, and its right to earn a 90% legal and beneficial interest in the earn-in tenements.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Up to $2m added to fast-track exploration <\/strong><\/h2>\n<p>Alongside the acquisition, AYT has raised $1.5m via a share placement to institutional and sophisticate investors through the issue of 250m shares at $0.006 per share, with a 1 for 2 free attaching unlisted option exercisable at $0.012 each.<\/p>\n<p>AYT is also inviting existing shareholders to invest in the company via a share purchase plan at the same price as the placement of $0.006 per share to raise up to $500,000.<\/p>\n<p>Eligible AYT shareholders will one receive free attaching option for every two Shares subscribed for and issued under the SPP, pursuant to a prospectus to be dispatched to shareholders in due course.<\/p>\n<p>Funds raised under booth the placement and SPP will be used to conduct exploration activities at Ashburton as well as business development and work capital requirements.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Work programs already underway <\/strong><\/h2>\n<p>Work programs are currently underway to assist with target generation as well as the planning of a maiden drilling program.<\/p>\n<p>These programs include detailed mapping and geochemical sampling at the Donnelly\u2019s prospect, reconnaissance mapping and geochemical sampling of the broader project area, and a review of geophysics and remote sensing datasets.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Austin Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/12m-at-12-5g-t-gold-and-1-7-copper-austin-metals-nabs-early-stage-ashburton-copper-gold-project\/\">12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Austin Metals enters into binding agreement with Gardner Mining to acquire the Ashburton copper-gold project Ashburton has received minimal exploration but is home to a <a href=\"https:\/\/economicherald.net\/?p=2988\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":2989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=2988\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Austin Metals enters into binding agreement with Gardner Mining to acquire the Ashburton copper-gold project Ashburton has received minimal exploration but is home to a [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=2988\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-11T00:41:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AYT-Lead-1-Resized-l14Q01.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"12m at 12.5g\\\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project\",\"datePublished\":\"2023-12-11T00:41:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988\"},\"wordCount\":536,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/AYT-Lead-1-Resized-l14Q01.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=2988#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=2988\",\"name\":\"12m at 12.5g\\\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/AYT-Lead-1-Resized-l14Q01.jpeg\",\"datePublished\":\"2023-12-11T00:41:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=2988\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/AYT-Lead-1-Resized-l14Q01.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/AYT-Lead-1-Resized-l14Q01.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2988#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"12m at 12.5g\\\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=2988","og_locale":"en_US","og_type":"article","og_title":"12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project - Economic Herald","og_description":"Austin Metals enters into binding agreement with Gardner Mining to acquire the Ashburton copper-gold project Ashburton has received minimal exploration but is home to a [more...]","og_url":"https:\/\/economicherald.net\/?p=2988","og_site_name":"Economic Herald","article_published_time":"2023-12-11T00:41:01+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AYT-Lead-1-Resized-l14Q01.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=2988#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=2988"},"author":{"name":"","@id":""},"headline":"12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project","datePublished":"2023-12-11T00:41:01+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=2988"},"wordCount":536,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=2988#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AYT-Lead-1-Resized-l14Q01.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=2988#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=2988","url":"https:\/\/economicherald.net\/?p=2988","name":"12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=2988#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=2988#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AYT-Lead-1-Resized-l14Q01.jpeg","datePublished":"2023-12-11T00:41:01+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=2988#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=2988"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=2988#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AYT-Lead-1-Resized-l14Q01.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/AYT-Lead-1-Resized-l14Q01.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=2988#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"12m at 12.5g\/t gold and 1.7% copper? Austin Metals nabs early-stage Ashburton copper-gold project"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/2988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2988"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/2988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/2989"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}