Augustus Minerals Limited was listed on the Australian Securities Exchange (ASX) for the primary purpose of investing in the resource sector through direct tenement acquisition, joint ventures, farm in agreements and new project generation.

The Company has been focused on identifying resources based projects for acquisition, with the view of generating value for Shareholders.

Presently, the Company has a direct interest in two two projects:

Mt Palmer Project; and

Silverwood Prospect

Objectives

The Company aims to define further mineralisation on the Mt Palmer Tenements and review potential new mineral based projects.

In the short to medium term, the Company intends to undertake the following steps to achieve this objective:

Ø      implement a detailed work program on the granted Mt Palmer tenement;

Ø      review exploration data obtained from previous holders of the Tenements; and

Ø      consider and evaluate potential new projects.