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Augustus raises $2.5M for WA gold drilling

Firm commitments from institutional and professional investors will fund an expedited 2,300 m stage-two program after maiden drilling returned wide gold intersections.

Summary by The West Australian
Augustus Minerals has locked in $2.5M to fast-track drilling at its Music Well gold project near Leonora after recent wide intersections, including 32m at 0.9g/t gold. Funds will go to a new 2,800m campaign.

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The AgeThe Age
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The West AustralianThe West Australian
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Augustus raises $2.5M for WA gold drilling

Augustus Minerals has raised $2.5M to accelerate drilling at its Music Well gold project in WA, following recent wide gold hits including 32m at 0.9g/t.

·Australia
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The Age broke the news in Australia on Monday, May 18, 2026.
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