Ausmon Resources Limited announced that it has completed initial field work in exploration for Rare Earth Elements ("REE") within recently granted EL 6795 Parrakie, EL 6796 Mt Rough, EL 6797 Kingston and EL 6807 Wolseley in South Australia. Preparations are underway to drill test the clay horizons for REE enrichment. Those ELs cover approximately 2,775 square kilometers in the Limestone Coast Region south east of Adelaide within the Loxton Sands or equivalent of the Murray and Otway Basins.

REE are reportedly contained within the fine clay fraction of Tertiary (65 to 2.5 Million Years Ago) Strandlines ("ionic clay style of deposit") in the region. Australian Rare Earth has a large area in the region and recently announced an updated JORC inferred mineral resource estimate of 81.4 MT @ 785 ppm TREO (Total Rare Earth Oxides) at their Koppamurra project prospective for ionic clay REE deposit. The completed initial field work has identified sites of the surface Murray and Otway Basin stratigraphy for potential bulk sampling and roadside verge locations for later deeper (up to 50m) Aircore drilling.

Several sites have been identified, 290 within Parakie, 154 within Wolseley, 177 within Kingston and Mt Rough. Meetings have been held with the Kingston, Coorong, Southern Mallee, Karoonda East Murray and Tatiara District Councils to present the exploration programs for REE and to request permission to carry out road verge aircore/auger drilling. All the councils were fully supportive.

It is planned to engage a local contractor to supervise traffic management and to liaise with councils for drilling along road verges. The Company is currently carrying out a thorough review of available historic drilling across the tenements to determine the depth to possible clay layers that may be enriched in REE and provide a guide to drilling depths for the program. REE have been designated critical minerals by Australia, EU, USGS and IEA and are used in rare earth permanent magnets for electric vehicles (EV), wind turbines and various electronic devices.