This is a very encouraging announcement to come out surely for...

This is a very encouraging announcement to come out surely for the Ausmex investors so early in the piece. I particularly liked reading what the MD Matt Morgan had to say:

"The company will continue focusing on potentially developing short term production from the current suite of Gold and Copper projects within granted Mining Leases, with the aim of providing early cashflow to fund further exploration for prospective large Iron Ore Copper Gold (IOCG) and Porphyry mineralisation, within both the Cloncurry QLD and Burra SA project suite”. ​

In other words being conservative in how the 'investors monies' is spent, instead mining the bread and butter minerals to provide the necessary funds for chasing the IOCG and Porphyry mineralisation and not having to depend completely on a capital raise. I appreciate this line of thinking as it's so very easy for small companies to run out of funds very quickly - how many have I seen in my years never get off the ground for this very reason.