Austin Metals Limited (ASX:AYT) is an Australia-based base and precious metals explorer focused on the discovery, delineation and development of high-grade deposits in Western Australia and New South Wales; the company targets gold, copper, lead, zinc and silver through its flagship Austin Gold Project in the Murchison greenstone province near Mt Magnet, which includes the Mt Sandy mining lease and surrounding exploration licenses prospective for orogenic gold mineralization adjacent to Ramelius Resources' and Caprice Resources' operations; the Ashburton Project in the Pilbara region covering 510 square kilometers with copper-gold targets at Donnelly’s Prospect following recent heritage approvals; the Brunswick Hill Project featuring historical workings with quartz veining and sulphide mineralization; and legacy interests in Broken Hill, Cobar Basin and Lachlan Fold Belt areas encompassing projects such as Copper Blow, Razorback West, Yalcowinna and Wellington prior to recent divestments including a $6 million sale of certain Broken Hill assets in July 2025. Founded in 2008 and headquartered at Level 3, 88 William Street, Perth, the company operates exclusively in Australia with an emphasis on advancing underexplored tenements in prolific gold and base metals districts through reverse circulation and diamond drilling programs, soil sampling, geophysical surveys and resource definition. Recent developments include the appointment of experienced mining engineer Michael Moore as Managing Director effective December 2, 2025 to lead intensified exploration; commencement of RC drilling at Austin Gold in October 2025 targeting high-grade extensions with assays pending and plans for expanded 2025 campaigns; progression of Ashburton drilling post-approvals highlighting surface samples up to 12.5 g/t gold and 1.7% copper; a March 2025 trading halt ahead of a proposed capital raising; divestment of select Broken Hill assets generating $6 million in July 2025; and an earlier name change from Silver City Minerals Limited in December 2021 alongside the 80% acquisition of the Austin Gold Project in 2021.