Auroch Minerals NL
Auroch Minerals Limited (ASX:AOU) is an Australia-based company with a focus on global renewable energy markets, engaged in lithium exploration in Namibia and copper exploration in Portugal.
Following an exhaustive, world-wide search for quality assets to supply renewable energy markets, Auroch have secured two (2) key projects:
- Karibib Li Project (100%): Located in Namibia, this project gives us immediate upside potential in the rapidly evolving lithium market. The Project is situated next door to two (2) of Namibia’s high-grade historic lithium producing mines, Rubikon and Helikon.
Namibia is a mining friendly country, host to Rio Tinto, Glencore, Vedanta and De Beers. With a strong financial position, Auroch aims to add its name to the list of companies working in the region as it looks to rapidly identify and test large lithium bearing pegmatites, similar in age and style to historic producing mines.
- ‘Land of the Giants’ – Alcoutim Cu-Zn Project (earning 75%): Situated on the Iberian Pyrite Belt in Portugal, amongst several of the world’s largest VMS deposits (Cu-Zn-Pb-Ag-Au), the potential to discover a world class deposit here is real. The fact our tenement occurs directly along strike from Neves Corvo (>200 Mt of Cu-Zn resources), has the same geologic package of rocks, and has multiple coincident: gravity, EM and magnetics targets highlights its prospectivity.
Portugal is a modern European country with first class infrastructure, efficient power and communication networks, easily accessible ports and airports, judicial security, and transparent mining laws. There are multiple currently operating large mines and exploration activity is at a high level considering the relative small extent of the country (92,2000 Km2).