Auroch Minerals NL
Auroch Minerals Limited (ASX:AOU) is an Australia-based company, engaged in lithium exploration in Namibia.
Following an exhaustive, world-wide search for lithium assets in Africa, we believe our Namibian-based Karabib project gives us immediate upside potential in the rapidly evolving lithium market.
This Karabib Project is situated next door to two of Namibia’s high-grade historic lithium producing mines, Rubikon and Helikon.
Initial reconnaissance conducted by Auroch demonstrates the company can hit the ground running, having identified lithium mineralised pegmatites over 500m long and in excess of 20m in true thickness, which complement initial rock chip sampling grades of up to 5.15% Li2O.
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.