Ausmon Resources Signed Definitive Agreement to Acquire...

Ausmon Resources Signed Definitive Agreement to Acquire Exploration Projects in Emerging Cobalt Mining Regions NSW and QLD Ausmon Resources Limited (“Company”) is pleased to announce that it has signed the definitive agreement to acquire New Base Metals Pty Ltd (‘’NBM’’) following a due diligence review that started on execution of a Binding Terms Sheet announced on 9 April 2018. NBM has 3 cobalt prospective projects with 100% interests in 7 licence applications in New South Wales and Queensland as follows (see Figure 1): NSW: Broken Hill Cobalt-Nickel Project - ELA5637, ELA5638 and ELA5639; QLD: Greenvale Cobalt-Nickel Project - EPM26813, EPM26814 and EPM26815; and Mount Tewoo Nickel-Cobalt-Manganese Project - EPM26764 Technical Consultants engaged by the Company have reviewed and advised on historical exploration work undertaken by previous operators in the 7 licence application areas from data available at the NSW Department of Planning and Environment - Resources and Energy (“NSW Department”) and the QLD Department of Natural Resources and Mines (“QLD Department”). The Company has assessed that the NBM licence applications offer exposure to nickel-cobalt, gold and base metal exploration areas worthy for further new exploration work having regards to the activities and success of other current operators in developing Cobalt mining projects within a few kilometres from the tenements. AUSMON RESOURCES LIMITED ABN 88 134 358 964