Recent Insider Transactions • Mar 05
Independent Non-Executive Chairman recently bought AU$469k worth of stock On the 27th of February, Neville Power bought around 7m shares on-market at roughly AU$0.067 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Neville has been a buyer over the last 12 months, purchasing a net total of AU$627k worth in shares. Aankondiging • Feb 24
Ore Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million. Ore Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 7.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 121,379,312
Price\Range: AUD 0.058
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,931,036
Price\Range: AUD 0.058
Transaction Features: Subsequent Direct Listing New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$46.3m market cap, or US$31.0m). Aankondiging • Dec 12
Ore Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 7.5 million. Ore Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 7.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 121,379,312
Price\Range: AUD 0.058
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,931,036
Price\Range: AUD 0.058
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Oct 10
Independent Non-Executive Chairman recently bought AU$158k worth of stock On the 7th of October, Neville Power bought around 5m shares on-market at roughly AU$0.035 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Neville's only on-market trade for the last 12 months. Aankondiging • Sep 27
Future Battery Minerals Limited, Annual General Meeting, Nov 19, 2025 Future Battery Minerals Limited, Annual General Meeting, Nov 19, 2025. New Risk • Sep 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 40% per year over the past 5 years. Minor Risks Revenue is less than US$5m (AU$1.5m revenue, or US$1.0m). Market cap is less than US$100m (AU$22.3m market cap, or US$14.7m). New Risk • Sep 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$22.9m market cap, or US$15.1m). New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$18.8m market cap, or US$12.4m). Aankondiging • May 27
Future Battery Minerals Ltd Announces Key Gold Prospects Identified At Miriam Future Battery Minerals Ltd. announced that it has completed its review of available historical geological and drilling data for its recently consolidated and now 100%-owned Miriam Project, which is located in the W.A. Goldfields region of Western Australia. The Miriam Project tenure covers a region of the Coolgardie Greenstone Belt overlying a suite of mafic and ultramafic units along with felsic intrusives. Miriam also overlies formations and structural trends that host multiple nearby gold deposits, including Horizon Minerals' Burbanks (466 koz @ 2.4 g/t Au), Beacon Minerals' McPhersons Reward (132 koz @ 1.2 g/t Au) and Focus Minerals' Coolgardie Operations (2.7 Moz @ 1.8 g/t Au). Evidence of historic artisanal mining is readily apparent within and outlying the Miriam Project tenure from when the region was subject to intense gold prospecting following initial discovery in the 1890's. It was within these historic shafts and workings where spodumene bearing pegmatites were first observed in 2022. While modern exploration is limited within the Miriam Project tenure area, multiple gold occurrences have been recorded and are available on the Mines and Mineral Deposits Public Database (MINEDEX), provided by the Department of Mines and Industry Regulation and Safety (DEMIRS). Multiple prospective gold occurrences were previously identified within the Miriam Project tenure including Forest, Goroke and Burbanks Monarch. Any future gold discoveries at the Miriam Project will benefit from exceptional commercialisation optionality with several operating gold mills in close proximity to the area. The Burbanks Mine, which is located only 1 km north of the Miriam Project tenure, contains a mill and processing plant owned by Auric Mining. The Greenfields Mill, owned and operated by FMR Investments, and the Three Mile Hill Mill, owned and operated by Focus Minerals, are approximately 16 kilometres by a sealed road to the north-east. Following its recent ownership consolidation, FBM has completed a geology and drilling data review of the Miriam Project. This review included the collation of all historical drill hole data for the tenure and validation of assay methods to better understand the reported gold occurrences in the area. While the region was subjected to artisanal mining and prospecting following discovery in the 1890's, the review highlighted that no drilling had occurred since the early 2000's. Previous drilling also appears to have been relatively limited to the Forrest prospect (gold) and the Miriam prospect (nickel), also noting that many of the holes drilled at the Miriam prospect were not assayed for gold. At Forrest, drilling during the late 1990's discovered and intersected multiple flat lying lodes of gold mineralisation within regolith and bed rock. Mineralisation is consistent over a strike length greater than 600m highlighting near surface intersections. Significant intersections returned from this drilling included: 12m @ 2.09g/t from Au from 60m (MRC97-15), 10m @ 2.51g/t from Au from 30m (FGA002), 10m @ 2.09 g/t Au from 30m and 4m @ 4.86 g/t Au from 73m (MRC97-5), 5m @ 7.35 g/t Au from 70m (MRC97-25), 8m @ 1.63 g/t Au from 28m (MRC97-17), 9m @ 1.07 g/t Au from 51m (MRC97-12). Drilling was conducted on 40m x 60m grid with many holes only testing down to a planned depth of 80m. Extensional air core drilling completed in the early 2000's also only reached depths of approximately 60m on average. Geological logs collected have limited recorded details making it difficult to determine key information such as depth of oxidation or rock textures and structures. FBM has identified multiple areas where the Forrest system may remain open, particularly to the North East and South West. These zones are planned to be tested as part of its maiden Miriam drilling programme. This programme is also planned to provide confirmation on previous intercepts, including delivering key geological information required for a potential Mineral Resource estimate. Wide spaced drilling conducted to the south of Forrest has also intercepted two additional prospective zones known as Forrest South and Jungle. The intercepts remain open and further drilling is required to understand the potential scale of mineralisation, however these prospects represents opportunities for further growth. Key intercepts include; 16m @ 0.93g/t Au from 44m (LDC7) Forrest South, 4m @ 3.77g/t Au from 94m (FGC001) Jungle, 10m @ 0.62g/t from 30m (DPR022) Jungle. FBM has also investigated other regional occurrences such as Goroke (5m @ 2.3 g/t Au from surface and 12m @ 1.04g/t from 15m) and Burbanks Monarch (10m @ 0.9 g/t Au from 30m). Only limited drilling has tested these occurrences and more work is required to better evaluate their potential. Key intercepts from Goroke and Burbanks Monarch Include; 5m @ 2.3 g/t Au from surface (MID014) Goroke, 12m @ 1.04g/t Au from 15m (FGA059) Goroke, 5m @ 1.94g/t Au from 25m (FGA073) Burbanks Monarch, 10m @ 0.90g/t from 30m (FGA050) Burbanks Monarch. Burbanks Grand Junction in the north FBM located historic drilling data, with further confirmation work required to evaluate this prospect. To the south of the Forrest and Forrest South prospects, there is limited recorded recent drilling and gold assay data. FBM plans to evaluate this area through surface geochemistry and geophysical interpretation. FBM is fully permitted to conduct exploration and drilling activities over the Miriam Project tenure, with an approved Conservation Management Plan and granted drilling Program of Work (PoW) currently in place. Most of the Miriam tenure has already been surveyed by the relevant Native Title Party representative, meaning FBM can rapidly advance towards drill testing of any priority drill targets. A litho-geophysical and geochemical review of the Miriam Project has commenced in order to better define the key structural gold targets that have been identified. Following this work, an initial RC drill programme designed to test these prospective gold targets is planned to commence in July 2025. Aankondiging • Nov 21
Austroid Corporation completed the acquisition of 80% stake in Nevada Lithium Pty Ltd from Future Battery Minerals Limited (ASX:FBM) for AUD 4 million. Austroid Corporation agreed to acquire 80% stake in Nevada Lithium Pty Ltd from Future Battery Minerals Limited (ASX:FBM) for AUD 4 million on November 4, 2024.
The transaction expected to complete in Q4 2024.
Austroid Corporation completed the acquisition of 80% stake in Nevada Lithium Pty Ltd from Future Battery Minerals Limited (ASX:FBM) on November 20, 2024. Aankondiging • Nov 05
Austroid Corporation agreed to acquire 80% stake in Nevada Lithium Pty Ltd from Future Battery Minerals Limited (ASX:FBM) for AUD 4 million. Austroid Corporation agreed to acquire 80% stake in Nevada Lithium Pty Ltd from Future Battery Minerals Limited (ASX:FBM) for AUD 4 million on November 4, 2024.
The transaction expected to complete in Q4 2024. Aankondiging • Oct 01
Future Battery Minerals Limited, Annual General Meeting, Nov 26, 2024 Future Battery Minerals Limited, Annual General Meeting, Nov 26, 2024. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (AU$15.3m market cap, or US$10.6m). New Risk • Sep 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.0m market cap, or US$8.13m). Minor Risk Shareholders have been diluted in the past year (46% increase in shares outstanding). New Risk • May 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$10m free cash flow). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$27.7m market cap, or US$18.4m). New Risk • Apr 10
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$10m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$10m free cash flow). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (AU$33.8m market cap, or US$22.4m). Aankondiging • Mar 28
Future Battery Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 6 million. Future Battery Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 104,590,909
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,500,000
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Transaction Features: Subsequent Direct Listing New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$541k revenue, or US$355k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$37.4m market cap, or US$24.5m). Aankondiging • Nov 29
Future Battery Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.580042 million. Future Battery Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.580042 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 51,950,424
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,850,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 20
Future Battery Minerals Ltd Appoints Neville Power as Non-Executive Director Future Battery Minerals Ltd. advised that Mr. Neville Power has been appointed as a non-executive director of FBM, effective November 19, 2023. With more than four decades of experience across mining, minerals processing, construction and steel making, Nev has accumulated a wide range of expertise across multiple sectors of the global business landscape. During the COVID-19 pandemic, Nev was appointed by the Prime Minister to lead an expert advisory board, the National COVID-19 Coordination Commission (NCCC). The NCCC had two key roles: to help minimize and mitigate the impact of the COVID-19 on jobs and businesses, and to facilitate the fastest possible recovery of the Australian economy and communities. From 2011 to 2018, Nev was Managing Director and Chief Executive Officer of Fortescue Metals Group. During his tenure, Fortescue more than quadrupled its production to over 170 million tonnes per annum and positioned itself as the lowest cost supplier of seaborne iron ore to China. Before joining Fortescue, Nev held Chief Executive positions at Thiess and the Smorgon Steel Group. Nev is currently a non-executive director of energy explorer and producer, Strike Energy, and employment services provider, APM Human Services International. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.2m free cash flow). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$541k revenue, or US$345k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (AU$46.9m market cap, or US$29.9m). Aankondiging • Oct 18
Future Battery Minerals Limited Appoints Nicholas Rathjen as Director Future Battery Minerals Limited appointed Nicholas Rathjen as director. Date of appointment: 18 October 2023. Aankondiging • Oct 11
Future Battery Minerals Limited Announces Resignation of Paul Brown Has Resigned as Non-Executive Director Future Battery Minerals Ltd. advised that Mr. Paul Brown has resigned as a Non-Executive Director, effective October 11, 2023, due to his executive duties with Hastings Technology Metals Ltd. FBM has launched a process to assess the Board skills and expertise that will best support the Company in its planned activities. Following this assessment, it is anticipated that a new non-executive director(s) will be appointed to complement the existing Board composition. New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$6.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.2m free cash flow). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$560k revenue, or US$357k). Minor Risks Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (AU$58.6m market cap, or US$37.4m). Aankondiging • Aug 08
Future Battery Minerals Limited (ASX:FBM) entered into an agreement to acquire the remaining 20% stake in Eastern Coolgardie Goldfields Pty Ltd from GoldFellas Pty Ltd for approximately AUD 3.5 million. Future Battery Minerals Limited (ASX:FBM) entered into an agreement to acquire the remaining 20% stake in Eastern Coolgardie Goldfields Pty Ltd from GoldFellas Pty Ltd for approximately AUD 3.5 million on August 7, 2023. The consideration consists of AUD 0.5 million in cash, of which AUD 0.25 million will be paid at completion, AUD 0.125 million will be payable in 3 months from completion, and AUD 0.125 million will be payable 6 months from completion, issue of AUD 3 million worth of fully paid ordinary shares and issue of an equivalent number of performance rights as the consideration shares which will vest and convert into shares upon Future Battery delineating and announcing a Mineral Resource (JORC Code compliant) of at least 10mt at 1.0% Li2O at the Kangaroo Hills Lithium Project. GoldFellas also grants to Future Battery an option to acquire certain tenements held by GoldFellas. The deal is expected to close on August 11, 2023. Aankondiging • Jun 27
Future Battery Minerals Limited Appoints Paul Brown as a Non-Executive Director, Effective July 1, 2023 Future Battery Minerals Limited announced the appointment of Mr. Paul Brown as a Non-Executive Director of the Company, effective from 1 July 2023. Mr. Brown brings extensive experience and expertise in the mining industry, with a strong track record in various senior executive roles. Prior to joining FBM, Paul held senior executive positions at Mineral Resources Limited (MinRes), where he showcased his leadership abilities as Chief Executive Commodities. He also held the position of Chief Executive Lithium at MinRes, demonstrating his deep knowledge and experience in the lithium sector. With over 20 years of experience, Paul has excelled in multiple disciplines including general management, operational management, technical leadership, project/studies management, business improvement, mineral resource evaluation, and mine planning. He has contributed significantly to the growth and success of various organizations within the mining industry, including senior operational roles with renowned companies such as Leighton Holdings, HWE Mining, and Fortescue Metals Group (FMG). Mr. Brown holds a Masters in Mine Engineering (M.Eng) from Federation University in Victoria and possesses mechanical trade qualifications, further enhancing his technical knowledge and proficiency. The appointment of Mr. Brown as a Non-Executive Director brings valuable insights and a wealth of industry experience to FBM. His strategic vision and extensive expertise will significantly contribute to the Company's growth and success. Aankondiging • Jan 24
Auroch Minerals Limited Commences Drilling At Nevada Lithium Project (Nlp) Auroch Minerals Limited announced the commencement of reverse circulation (RC) drilling at its 80% owned Nevada Lithium Project (NLP) in Nevada, USA.Permitting for drilling activities and environmental bonds have now been approved for San Antone East and Western Flats. The 3,000m programme is to test the Siebert Formation, which comprises tertiary aged sediments from or near surface. Within the Siebert Formation, the Company is exploring for the presence of claystone lithologies elevated in lithium (Li). The Siebert Formation is known to host American Lithium's nearby TLC deposit and is therefore considered by the Company to be extremely prospective. Intercepts >300ppm Li will be considered anomalous and indicative of Li bearing claystone. Alford Drilling LLC, based out of the nearby mining town of Elko, has been contracted to complete the maiden programme with the Company's in-country team supervising the work. Pleasingly, Technical Director Robin Cox is on the ground for the commencement of the programme. During this initial drill programme, the Company will drill test the San Antone East and Western Flats prospects. Post drilling, further work is planned at the remaining three prospects, Traction, Lone Mountain and Heller to get them drill ready in the coming months. Given the first pass nature of this programme, holes have been planned on wide scale spacing to aid the Company's understanding of the prospect stratigraphy. This will allow for more targeted drilling in the following phases of exploration at the NLP. Holes will be drilled between 150-200m in-depth and the programme is expected to take approximately five weeks. All samples will be submitted to ALS laboratory services in Reno, Nevada. The NLP is located in the Esmeralda and Nye counties of the mining friendly state of Nevada. The Project is serviced by the historic silver mining town of Tonopah, which, as stated above, hosts American Lithium Corp.'s TLC deposit of 4.2Mt Lithium Carbonate Equivalent (LCE) measured resources (4.63Mt LCE Indicated resources and 1.86Mt LCE Inferred resources). Located ~50km to the south west of Tonopah Flats is Loneer's Rhyolite Ridge deposit (1.25Mt contained LCE and 11.9Mt contained H2BO3). Both these deposits are hosted within the lacustrine derived tertiary claystone which Auroch is hoping to find. Aankondiging • Jan 18
Auroch Minerals Limited Commences Reverse Circulation Drilling Targeting Lithium Pegmatites At the Kangaroo Hills Lithium Project (KHLP) in Western Australia Auroch Minerals Limited announced Reverse Circulation (RC) drilling has commenced targeting lithium pegmatites at the Kangaroo Hills Lithium Project (KHLP) in Western Australia (WA) (Auroch Minerals 80%, Lodestar Minerals Ltd. 20%). The 3,000m programme which is being carried out by WA based RC drilling company; Australian Surface Exploration Pty Ltd. will drill up to ten, 250m depth angled drill holes. The programme will test three identified pegmatite targets as defined by the recently completed mapping and sampling programme. Of highest priority is the mineralised pegmatite swarm which returned peak assays of 2.37% Li2O only earlier this month. Selective drill holes will also test for potential strike continuation of the initial discovery hole NPRC084 6m @ 1.38% Li2O from 198m. Drilling is expected to be concluded in three to four weeks. All pegmatite intercepts will be submitted for assay and the company will also evaluate the Nickel sulphide potential of all intercepted komatiite ultra mafics. Aankondiging • Jan 17
Auroch Minerals Limited Announces Assay Results from Pegmatite Rock Chip Samples Taken At the Kangaroo Hills Lithium Project in Western Australia Auroch Minerals Limited announced assay results from pegmatite rock chip samples taken at the Kangaroo Hills Lithium Project (KHLP) in Western Australia. Assay results of these samples have exceeded expectations with 2.37% Li2O (ND28060) and 0.17% Li2O (ND28059) being returned. Significantly, the mineralised outcrops are located over 600m south-east of drill hole NPRC084 where lithium (Li) mineralisation was first observed at KHLP (6m @ 1.38% Li2O from 198m) in November 2022, potentially expanding the mineralised footprint of the project. The samples are located in the centre of a cluster of outcropping pegmatites making this area a high priority drill target. Following the return of the laboratory assay results the Li bearing minerals were identified in rock chips using a SciAps portable LIBS analyser. All elevated Li samples are now undergoing Semi Quantitative X-Ray Diffraction (XRD) analysis to confirm mineralogy. Mapping and rock chip sampling was completed in December 2022 and identified numerous outcropping pegmatites. The purpose of the programme was to gain sufficient geochemical data to identify pathfinder elements and to understand fractionation trends and prospectivity of the pegmatites present at surface. While it was anticipated that Lithium -Caesium -Tantalum (LCT) mineralisation could be present, it was expected to be low in grade due to the weathered nature of the outcrops, therefore it was exciting to discover high grade Li within outcrop. In addition to the mineralised outcrops, assays returned anomalous Caesium, Tantalum and Tin, all of which are considered pathfinder minerals of LCT pegmatites. The distribution of these anomalies, expand the prospectivity of the project area. The larger geochemical assay suite has been used to identify relative fractionation trends which will be tested in the next reverse circulation (RC) drilling programme which will commence this month. The first phase RC drilling programme will test three high priority drill targets, which the Company plans to undertake later this month. Aankondiging • Jan 13
Auroch Minerals Limited Announces an Update of Exploration Activities at its 80% Owned Nevada Lithium Project (NLP) in Nevada, USA Auroch Minerals Limited announced an update of exploration activities at its 80% owned Nevada Lithium Project (NLP) in Nevada, USA. Since acquiring the NLP in June 2022, the Company has conducted extensive geological mapping and basin modelling to identify suitable drill targets within the project area. As part of this undertaking, vacant ground outside the project area was reviewed with the aim of increasing the Project's footprint. Two strategic land parcels that are believed to host lithium bearing claystone were identified and have subsequently been staked. The first parcel of land surrounds the San Antonne East claim area. This area has now been expanded with an additional 128 contiguous claims. A second large land parcel to the north of Lone Mountain was also identified as being prospective given the recent drilling success of American Battery Technology Company where two phases of drilling have identified lithium (Li) bearing claystone with peak Li concentrations of 1,940ppm. A total of 253 contiguous claims were staked over the vacant area which is now known as Western Flats. Western Flats' claims abut ABTC's Tonopah Flats Project and is close to American Lithium Corp.'s TLC deposit (4.2Mt Lithium Carbonate Equivalent measured resources, 4.63Mt LCE Indicated resources and 1.86Mt LCE Inferred resources). Standard Bureau of Land Management (BLM) mining claims have been staked to secure the new targets. The claims are staked at a block size of 1,500 foot length by 600 foot width, or approximately 457m length by 183m width. In total, Auroch has increased its land holding in the Tonopah region by over 33km which represents a 50% increase of the NLP footprint. Permitting approval has been received to commence drilling activities at San Antonne, while permitting applications have been submitted to the BLM for other target areas. Alford Drilling LLC from Elko Nevada has been contracted to commence a 3,000m reverse circulation (RC) programme from late January. The programme will commence at San Antonne East (SAE), with the drilling of identified stratigraphic targets to confirm and evaluate the Li claystone potential of this area. Aankondiging • Jan 03
Auroch Minerals Limited, Annual General Meeting, Feb 03, 2023 Auroch Minerals Limited, Annual General Meeting, Feb 03, 2023, at 13:00 W. Australia Standard Time. Location: Suite 10, 38-40 Colin Street, West Perth, WA 6005 West Perth Australia Agenda: To elect Robin Cox as a director; to approve employee incentive plan; to issue performance rights to Robin Cox under the employee incentive plan; to ratify placement shares; to issue broker options; to change company name; and to consider other matters. Aankondiging • Dec 22
Auroch Minerals Limited Provides Update on Exploration Activities At the Kangaroo Hills Lithium Prospect Auroch Minerals Limited provided an update on exploration activities at the Kangaroo Hills Lithium Prospect, which forms part of the Nepean Nickel Project in Western Australia. Following the previously announced high grade Lithium (Li) results intersected by RC exploration drilling, Auroch has now completed a detailed mapping and rock chip sampling exercise over the newly named Kangaroo Hills Lithium Prospect. The mapping exercise has identified a number of outcropping pegmatites close to the previously reported mineralised drill holes NPRC058, NPRC084 and NPRC085 and within the greater prospect area. Rock chip samples have been taken from all locations and these have now been dispatched for assay. The geochemical results from the samples will be utilised in characterising the prospectivity of the pegmatites at outcrop. Li mineralisation may not be present due to weathering, but other pathfinder elements could potentially remain. Of significance is a cluster of outcrops identified to the south-east of NPRC084 and NPRC058. Importantly, NPRC084 intersected 6m @ 1.38% Li2O, including 2m @ 3.26% Li2O from 198m and NPRC058 intersected 1m @ 0.88% Li2O from 78m, so any pegmatites in this area are considered highly prospective for Li enrichment. It is yet unclear if the cluster represents a larger partially buried unit or a swarm of thinner pegmatites This area will be subject to the first phase of drilling to evaluate the geochemistry of the fresh pegmatite. Planning of the Phase 1 drilling programme has progressed on schedule. The completed mapping and sampling exercise has helped define several drill hole targets, with the final drill plan to be completed once rock chip assays are returned in early January. Drilling is permitted and a reverse circulation (RC) drilling contractor has been scheduled to start mid-late January with earlier earthworks booked to commence mid-January. The aim of this first phase of drilling will be to test several of the outcropping pegmatites mapped and to test for a continuation of NPRC084's mineralisation with two planned step out drill holes. This will achieve a better understanding of the geometry of this mineralised pegmatite. The Company is also planning a phase of target generative geophysics, which is due to commence post the Phase 1 drilling. This work will include a structural and lithological interpretation of the magnetic data, seismic surveys and potentially close spaced ground resistivity surveys. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Trevor Eton was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 15
Auroch Minerals Limited Receives Assay Results for Exploration and Resource Drilling At the Nepean Nickel Project Auroch Minerals Limited announced that assay results have been received for exploration and resource drilling at the Nepean Nickel Project (Nepean; Auroch Minerals 80%; Lodestar Minerals 20%) in Western Australia. A four-hole reverse-circulation (RC) drill programme totaling 695m was conducted over both the shallow Nepean nickel MRE and the Nepean North IP target. Two drill-holes targeted the northern portion of the shallow (top ~120m from surface) MRE at Nepean, with the aim to potentially upgrade a significant portion of the current Nepean Resource from an Inferred category to an Indicated category. Significant results from these two holes are listed below: 1m @ 2.08% Ni, 0.25% Cu & 0.83g/t PGE's (Pt & Pd) from 47m down-hole (NPRC083), and 1m @ 1.18% Ni, 0.11% Cu & 0.49g/t PGE's from 29m within a wider mineralised zone of 4m @ 0.84% Ni, 0.05% Cu from 28m (NPRC083); and 1m @ 0.72% Ni, 0.07% Cu & 0.15g/t PGE's from 52m (NPRC082). Importantly, these results correlate closely with the results from nearby historic drill-holes used in the current MRE of 236kt @ 1.5% Ni and 0.11% Cu for 3,625t of contained nickel and 252t of contained copper. The data from both the new drill-holes and the historical drill-holes will be used to update the shallow Nepean MRE, with the aim to materially increase the proportion of Indicated Resources, which is currently approximately Inferred (50%): Indicated (50%). If as expected, the upgrade in resource category will provide higher confidence in the ongoing internal scoping studies into the viability of a shallow mining operation at Nepean. At the Nepean North prospect, two deep RC holes targeted a chargeability anomaly identified during a ground IP survey over the northern strike of the Nepean ultramafics. The chargeability anomaly was positioned on the prospective contact of the komatiitic ultramafic and the footwall basalt unit, and was within proximity to an exploration hole approximately 700m to the south which intercepted fertile magnesium rich (>40% MgO) ultramafics. The geophysical target was considered a high priority nickel sulphide target and two holes were planned to drill to ~300m and intercept the modelled chargeability anomaly. Drill-holes NPRC084 and NPRC085 were drilled to 238m and 301m, respectively. Both holes intercepted thick ultramafics, with magnetite observed within the planned target intervals. Unfortunately, significant ground water was intercepted at approximately 200m depth in both holes which impeded the drilling; however, it was considered that both holes reached an adequate depth to test the IP target. Geochemical assays of the samples from the target intervals produced no significant results and a poor Ni:Cr ratio was observed in both holes, suggesting that the intercepted ultramafic unit was unfavourable for nickel sulphide mineralisation. The Company believes the chargeability anomaly is likely to have been caused by the magnetite mineralisation and possibly the deep saline aquifer. Aankondiging • Oct 21
Auroch Minerals Limited, Annual General Meeting, Nov 22, 2022 Auroch Minerals Limited, Annual General Meeting, Nov 22, 2022, at 14:00 W. Australia Standard Time. Location: Level 9, Mia Yellagonga Tower 2, 5 Spring Street, Perth, WA 6000 Perth Australia Agenda: to consider REMUNERATION REPORT; to consider RE-ELECTION OF MR MICHAEL EDWARDS AS A DIRECTOR. Aankondiging • Oct 20
Auroch Minerals Limited Announces Rock-Chip Results Confirm Copper and Rare Earths Potential at Arden Auroch Minerals Limited provided an update of its exploration activities at the Arden Project (Arden, Auroch Minerals 90%) in South Australia. Field exploration to investigate the REE potential at the Arden Project is well underway, with mapping, rock-chip sampling and the first phase of soil-sampling completed over priority areas identified as being highly prospective for REE mineralisation. The first phase of soil sampling comprised 414 samples collected systematically over the Kanyaka and Hawker REE prospects, which were internally identified in August via a desktop study of the Arden Project utilising high-resolution airborne magnetics flown in 2018, all historic surface geochemistry data and the mapped geology.1 Samples have been delivered to the ALS laboratory in Adelaide for an extended whole rock assay suite, with results expected in the first week of November. Assays have been received for the nine rock-chip samples collected during the August field work. The results are highly encouraging, with anomalous TREO results up to 362ppm, confirming the REE prospectivity at the Hawker and Kanyaka prospect areas. Furthermore, the results have identified a third area that is prospective for REE mineralisation called Mt Arden, with results up to 588ppm TREO and up to 8% Cu from samples of brecciated rock at surface. A second phase of soil sampling is scheduled for late October. The results from the soil sampling programmes will be used in conjunction with the existing geophysical and geological data to plan drill-holes to test for significant REE mineralisation. Planning and permitting for an aircore (AC) drill programme are well advanced, with the programme scheduled to commence later this quarter. The Arden Project is located 50km northeast of Port Augusta in South Australia, close to the townships of Quorn and Hawker. Located only 25km to the east of the Arden Project is Taruga Minerals Ltd.'s Morgan's Creek REE Prospect, where TAR announced the results of their recent RAB drilling programme, returning with exceptional grades of 1m at 6,068ppm TREO from 3m depth within a larger intersection of 24m at 886ppm TREO from surface. The Company believes the geological setting and nearology of the Arden Project to Morgan's Creek gives the project the potential to host shallow Ionic Adsorption Clay (IAC) REE mineralisation. Historically, exploration at Arden has targeted base metal mineralisation, with the area known for its historic artisanal copper mines. As such, historic sampling and assaying have been restricted to limited elemental suites which has not included REEs. More recently, the Company has conducted regional rock chip sampling for full suite analyses. The desktop review completed by Auroch in August discovered numerous TREO anomalies within the geochemical database, including a maximum value of 1330.59ppm TREO located at the Kanyaka Prospect. Aankondiging • Sep 16
Auroch Minerals Limited Announces Nevada Lithium Project Update Auroch Minerals Limited provided an update of exploration activities at its 80% owned Nevada Lithium Project (NLP) in Nevada, USA. The Company's senior management conducted a site visit in late June /early July which included field visits to further assess the geology of the key prospect areas, together with meeting key stakeholders involved with the NLP. Subsequent to the site visit, the Company has established an experienced Nevada-based team, including geologists, land management and legal counsel, to drive the Project forward. The NLP comprises a large area that is considered highly prospective for large sedimentary-hosted lithium deposits across four prospect areas - Traction Prospect, San Antone Prospect, Heller Prospect and Lone Mountain Prospect. The Project is located close to the mining town of Tonopah in the mining-friendly counties of Nye and Esmeralda in the State of Nevada. The region is home to some very large sedimentary-hosted lithium deposits including Ioneer Resources' Rhyolite Ridge Project and American Lithium Corporation's TLC Lithium Project. The in-country team has completed a thorough review of historic data as well as detailed mapping of the key prospect areas, confirming the high prospectivity for significant sedimentary-hosted lithium mineralisation. An initial 1,000m reverse-circulation (RC) drill programme has been designed to selectively test stratigraphic targets within the Project area. Drill-holes have been planned in areas of mapped Siebert Formation, the same geological formation which hosts the large TLC Lithium Project nearby. Permitting for the maiden drill programme has commenced and the approvals process is expected to be completed within four to six weeks. Local drilling contractors have also been approached and the Company is in the process of awarding the drilling contract. South Australian Rare Earth Exploration Update A soil sampling programme at the Kanyaka and Hawker Rare Earth Element (REE) Prospects at the Company's Arden Project in South Australia is planned to commence next week. The Hawker Prospect is approximately 25km west of Taruga Minerals Ltd.'s Morgan's Creek Prospect where Taruga identified shallow REE mineralisation earlier this year, with significant drill intercepts up to 27m @ 1050ppm TREO. This near-surface Ionic Adsorption Clay (IAC) REE occurrence is hosted within clays and weathered basement with an apparent association to outcropping diapiric breccias and skarn alteration. The Kanyaka Cu-REE Prospect is defined by a number of historic copper oxide workings located north of the town of Quorn. Extended suite rock-chip sampling of historic open trenches and shallow workings was conducted in 2018 as part of the Company's base-metals exploration. The Company's recent review of these assays identified several samples of anomalous REE mineralisation, including one sample as high as 1330.59ppm TREO (values >300ppm TREO are considered significant). The upcoming soil sampling programme is aimed at identifying zones of anomalous REE's over suspected near surface diapirs and breccias, which will be tested with a follow-up drill programme. The programme is expected to take 2-3 weeks, with results expected in the December quarter. Aankondiging • Sep 01
Auroch Minerals Limited Announces Jorcmineral Resource Estimate for the Known Shallow Nickel Mineralisation Completed At the Nepean Nickel Project Auroch Minerals Limited announced that a JORC (2012) Mineral Resource Estimate (MRE) for the known shallow nickel mineralisation only (above 290mRL) has been successfully completed at the Nepean Nickel Project (Nepean; Auroch Minerals 80%; Lodestar Minerals 20%) in Western Australia. As announced in April 2022, the Company has successfully completed metallurgical testwork on the shallow nickel sulphide mineralisation.2 Three composite samples with initial head assay grades ranging between 1.21% Ni to 7.18% Ni were tested, with all three samples returning good nickel recoveries (85 - 94%) and saleable concentrate grades in excess of 13% Ni. The metallurgical test results highlighted the possibility of generating early cash flow from an open-pit mine scenario and was the catalyst to undertake the completion of the shallow JORC (2012) MRE and associated Nepean Scoping Study. A RC drill programme will commence next week to explore a high priority IP target at the Nepean North Prospect (Figure 3). The high chargeability anomaly identified by a ground IP survey is potentially caused by significant sulphide mineralisation, whilst its position on the footwall contact increases its potential to represent nickel sulphide mineralisation. The two hole (~700m) programmehas been designed to intersect the peak chargeability of this high priority IP target, and may be expanded to include additional drill-holes if the Company deems necessary. The programme is expected to take 1 2 weeks. The MRE has been compiled under the supervision of Mr. Shaun Searle who is a director of Ashmore Advisory Pty Ltd. and a Registered Member of the Australian Institute of Geoscientists. Mr. Searle has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he has undertaken to qualify as a Competent Person as defined in the JORC Code (2012). All Mineral Resources figures reported in the table above represent estimates as at 1 September 2022. Mineral Resource Estimates are not precise calculations, being dependent on the interpretation of limited information on the location, shape and continuity of the occurrence and on the available sampling results. The totals contained in the above table have been rounded to reflect the relative uncertainty of the estimate. Rounding may cause some computational discrepancies. Mineral Resources are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The Joint Ore Reserves Committee Code JORC 2012 Edition) (JORC Code (2012)). Geology and Geological Interpretation The Nepean deposit is an Archaean Kambalda-style, komatiite-hosted, massive nickel sulphide deposit. The Nepean tenement package incorporates over 10km of strike of Kambalda-style komatiites, flanked by granites. The mine sequence at Nepean is regarded as a near conformable mafic-ultramafic assemblage intercalated with minor metasedimentary units. The sequence has been subsequently intruded by egmatite and minor aplite dykes, particularly at depth. Mineralisation at Nepean is interpreted to be similar to the Kambalda style, with nickel sulphides dominantly associated with the basal unit of komatiite flows in the stratigraphic package also referred to as Sill 2 and Sill 3. Nickel mineralisation is dominated by pentlandite pyrrhotite pyrite, with minor chalcopyrite, cubanite, mackinawite and valerite. Mineralogy in the oxidised zone is dominated by violarite, magnetite and pyrite. Aankondiging • Aug 18
Auroch Minerals Limited Announces Commencement of Exploration At the Arden Zinc-Copper Project in South Australia Auroch Minerals Limited announced that exploration has commenced at the Arden Zinc-Copper Project (Arden, Auroch Minerals 90%) in South Australia to investigate the potential for the project to host Rare Earth Elements (REE) mineralization. The Company completed desktop studies of the Arden Project utilizing high-resolution airborne magnetics flown in 2018, all historic surface geochemistry data and the mapped geology to identify two priority areas for potential REE mineralization, the Hawker REE Prospect and the Kanyaka Copper-REE Prospect. At both prospects the interpreted airborne magnetics shows potential for covered mafic diapirs and diapiric brecciation, which are considered to be an important source and potential host rock of REE mineralization, respectively. Furthermore, assays from rock-chip samples taken in 2018 from historic trenches and shallow workings identified anomalous REE mineralization at the Kanyaka Copper-REE Prospect, with values up to 1330.59ppm, 556.54ppm and 388.99ppm Total Rare Earth Oxides (TREO). The Hawker Prospect is located only 25km west of Taruga Minerals Ltd.'s Morgan's Creek REE-Cu Prospect where Taruga have identified shallow Ionic Adsorption Clay (IAC) REE mineralization in a similar geological setting. Technical Discussion: The Hawker REE Prospect has been defined by interpreted bedrock geology from airborne magnetics, in particular mafic diapirs and diapiric brecciation. The prospect area is defined by a linear magnetic high striking NE-SW between the geological formations of the Parachilna and Mernmerna. A field inspection by Company geologists last month confirmed that the diapirs are not outcropping but lie under very shallow cover. Rock chip samples were taken but were limited due to surface disturbance by livestock. The Hawker Prospect is approximately 25km west of Taruga Minerals Ltd.'s Morgan's Creek Prospect where Taruga identified shallow REE mineralization earlier this year, with significant drill intercepts up to 27m @ 1050ppm TREO.2 This near-surface Ionic Adsorption Clay (IAC) REE occurrence is hosted within clays and weathered basement with an apparent association to outcropping diapiric breccias and skarn alteration. The Kanyaka Cu-REE Prospect is defined by a number of historic copper oxide workings located north of the town of Quorn. Extended suite rock-chip sampling of historic open trenches and shallow workings was conducted in 2018 as part of the Company's base-metals exploration. The Company's recent review of these assays identified several samples of anomalous REE mineralization, including one sample as high as 1330.59ppm TREO (values >300ppm TREO are considered significant). Rare Earth Elements: Rare Earth Elements (REE) are defined by the fifteen elements of the periodic table known as Lanthanides. Two additional transition metals Yttrium (Y) and Scandium (Sc) have similar properties to the Lanthanides and are often grouped with the REE. REE are split into Heavy REE and Light REE classifications, with those of the atomic number 57-62 considered as Light (La, Ce, Pr, Nd, Pm, Sm) and those numbered 63-71 are Heavy (Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Y & Lu). The five elements defined as Critical Rare Earths consist of Nd, Dy, Eu, Y & Tb this classification by the US Department of Energy is based on their importance to future clean energy requirements and supply risks. Significantly, the majority of global REE production occurs in the People's Republic of China specifically from the mining of IAC-style REE deposits. Exploration Programme: Auroch is planning to conduct a soil sampling programme over the Hawker and Kanyaka prospect areas before the end of the September 2022 quarter. Due to the limited surface geochemical data over these areas, the aim of this systematic programme will be to identify anomalous geochemical trends which can be used alongside the geophysical data to define targets for a first-pass drill programme to test the potential for REE mineralization. Re-assaying of historic samples that were never originally assayed for REEs is also being investigated. Aankondiging • Aug 10
Auroch Minerals Limited Provides Resource Update for Saints Nickel Project Auroch Minerals Limited announced that a new Mineral Resource Estimate has been completed for the Saints Nickel Project in Western Australia. The infill drilling also enabled a tighter control on the modelling of the mineralised zones, which successfully increased the average nickel grade by 15% when compared to the previous JORC (2012) Saints MRE (1.05Mt @ 2.00% Ni for 21.4kt of contained nickel metal), whilst effectively maintaining the amount of contained nickel. Using the updated Saints MRE, work will now commence on mine design and optimisation studies. Together with the ongoing metallurgical testwork, these are the final critical work programmes required to complete the Saints Scoping Study, which the Company is working hard to deliver by the end of the current quarter. Material Information Summary Mineral Resource Estimation: Auroch provided the following summary in regard to the Mineral Resource Estimation (MRE). The MRE has been compiled under the supervision of Mr. Shaun Searle who is a director of Ashmore Advisory Pty Ltd. and a Registered Member of the Australian Institute of Geoscientists. Mr. Searle has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he has undertaken to qualify as a Competent Person as defined in the JORC Code (2012). All Mineral Resources figures reported in the table above represent estimates as at 10th August 2022. Mineral Resource Estimates are not precise calculations, being dependent on the interpretation of limited information on the location, shape and continuity of the occurrence and on the available sampling results. The totals contained in the above table have been rounded to reflect the relative uncertainty of the estimate. Rounding may cause some computational discrepancies. Mineral Resources are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The Joint Ore Reserves Committee Code JORC 2012 Edition) (JORC Code (2012)). Geology and Geological Interpretation: The Saints Nickel Project contains three known occurrences of nickel sulphide mineralisation: Saint Andrews, Saint Patricks and the Western Contact. The deposits are regarded as Archaean Kambalda-style, komatiite-hosted, massive nickel sulphide mineralisation. Saints occurs within the Menzies-Bardoc tectonic zone in ultramafic units equivalent to the Highway Ultramafics. The main sulphide species recognised in all three prospects are pyrrhotite, pentlandite, chalcopyrite and pyrite, with violarite in the transitional to weathered zones. High grade nickel mineralisation occurs as massive or matrix sulphides in the main modelled resource zones with disseminated or cloud sulphides occurring in the hanging wall position proximal to mineralisation in some areas. Mineralisation widths range from one to two metres up to six metres (true width). Aankondiging • Jul 07
Auroch Minerals Limited Provides Update on Saints Nickel Project Auroch Minerals Limited provided an update on the work programmes at its 100%-owned Saints Nickel Project (Saints) in Western Australia. All outstanding assay results have been received from the infill diamond drill programme completed earlier this year. All drill-holes intersected nickeliferous massive or semi-massive sulphides, with significant intersections including: SNDD021: 3.01m @ 5.23% Ni, 0.69% Cu, 0.77g/t PGE from 177.08m; SNDD023: 2.40m @ 2.10% Ni, 0.14% Cu, 0.09% Co, 0.36g/t PGE from 263.78m and 2.21m @ 4.30% Ni, 0.37% Cu, 0.13% Co, 0.58g/t PGE from 268.18m; SNDD016: 1.00m @ 5.16% Ni, 0.06% Cu, 0.09% Co, 0.56g/t PGE from 73.10m; and SNDD020: 1.62m @ 3.92% Ni, 0.42% Cu, 0.11% Co, 0.70g/t PGE from 217.35m. 2 Following the receipt of the final outstanding assays, the Company has initiated an update of the Mineral Resource Estimate (MRE) on the Saints Nickel Project, contracting experienced resource geologist Shaun Searle from Ashmore Advisory Pty Ltd. to complete the work. The update of the Saints MRE is focussed on using the assay results and geological information from the infill drilling to upgrade a large portion of the current Saints Mineral Resource of 1.02Mt @ 2.0% Ni for 21,400t of contained nickel 1 from an Inferred Resource to an Indicated Resource category. The expected upgrade in resource classification is a critical step in the Saints Scoping Study and will result in a higher level of confidence in the financial modelling of the potential underground mining scenario. The MRE upgrade is expected to be completed within the next four to six weeks. The Company is also pleased to announce that it has received excellent interim results from the ongoing metallurgical testwork on the nickel sulphide mineralisation at Saints. Strategic Metallurgy Pty Ltd. has completed a first-pass test of two bulk composite samples from the recent drilling, one from the Saint Patricks mineralisation and the other from Saint Andrews, following the traditional flow sheet of "Kambalda-style" nickel sulphide deposits Both metallurgical samples produced very good concentrate grades over 14%, with initial concentrate grades up to 24% Ni and 5% Cu. Importantly, the iron to magnesium ratio is also very good (Fe:MgO >10 and >22, respectively), the cobalt grade and recoveries are good (>0.5% Co) and there is no arsenic (As) in the material. The testwork will now focus on improving the recoveries, as there were still nickel sulphides observed in the tailings of both initial tests. The final results for the Saints metallurgical testwork are expected in the next four to six weeks and will provide further critical inputs into the Saints Scoping Study. Aankondiging • Jun 09
Auroch Minerals Limited (ASX:AOU) acquired an 80% interest in the issued share capital of Nevada Lithium Pty Ltd from Nedeel LLC, Cratonix Pty Ltd and Krakouer Capital Pty Ltd. Auroch Minerals Limited (ASX:AOU) entered into an agreement to acquire an 80% interest in the issued share capital of Nevada Lithium Pty Ltd from Nedeel LLC, Cratonix Pty Ltd and Krakouer Capital Pty Ltd on April 20, 2022. The Vendors will retain the remaining 20% interest in Nevada Australia. the Company has also agreed to reimburse the Vendors for expenditure incurred in respect to the NLP for an amount of up to AUD 220,000. As part of the Proposed Acquisition, the Company has also entered into a Shareholders Agreement with the Vendors , Upon completion of the Proposed Acquisition, the Company will be entitled to appoint two directors to Nevada Australia, a Loan Facility Agreement whereby the Company has agreed to provide a loan facility of up to AUD 230,000 to Nevada Australia, on and from execution of the Share Sale Agreement, with all drawdowns to be utilised for the registration of permits, licences and/or claims in respect to the NLP, and/or with the prior approval of the Company, exploration activities in respect to the NLP.
Auroch Minerals Limited (ASX:AOU) completed the acquisition of an 80% interest in the issued share capital of Nevada Lithium Pty Ltd from Nedeel LLC, Cratonix Pty Ltd and Krakouer Capital Pty Ltd on June 8, 2022. Aankondiging • May 04
Auroch Minerals Limited Commences Drilling At the Leinster Nickel Project Auroch Minerals Limited advised that diamond drilling has commenced at the Company's 100%-owned Leinster Nickel Project (Leinster) in Western Australia. Drilling will comprise a two-hole programme to test nickel sulphide targets at the previously defined Brass and Woodwind Prospects. The drill-holes have been designed to test a DHEM conductor detected in the first phase of regional drilling at the Brass Prospect, as well as a potential structuraloffset or repetition of the massive nickel sulphides present at the Horn deposit on the eastern Woodwind Prospect. Partial drill results have been received from the two-hole diamond programme completed at the Ragless Range Zinc Prospect of the Company's Arden Zinc-Copper Project in South Australia. Results confirmed the anomalous zinc-manganese clay-rich zone in hole RRDD0113, including 2.15m @ 0.57% Zn and 5.5% Mn from 450.95m; however neither drill-hole had any significant economic intersections to report. Further samples were taken from hole RRDD011 where the Wirrapowie Limestone unit coincides with an Induced Polarisation (IP) anomaly, and assay results will be reported to the ASX when they are received. The Company is currently planning the next drilling phase at Ragless Range to follow up on the IP anomalies and the possible extensions to the high-grade zinc mineralisation in drill-hole RRDD007 which intersected 12.8m @ 4.96% Zn from 53m, including 3.65m @ 15.47% Zn from 62.15m. Aankondiging • Apr 28
Auroch Minerals Limited Announces Positive Metallurgical Results for Shallow High-Grade Nickel Sulphides at Nepean Auroch Minerals Limited advised that preliminary metallurgical testwork has successfully been completed on the high-grade shallow nickel sulphide mineralisation directly south of the historic Nepean nickel mine at the Nepean Nickel Project (Nepean) in Western Australia (Auroch Minerals Ltd. 80%; Lodestar Minerals Ltd. 20%). Head assays were initially taken for the three composite drill-core samples with nickel grades up to 7.18% Ni for the massive sulphide sample (Sample 3). Results from the metallurgical testwork indicated all samples responded well to conventional froth flotation, with rougher recoveries for nickel between 85% and 97%. Saleable concentrate grades in excess of 13% Ni were achieved for all three composite samples, albeit at a lower recovery (30%) for Sample 1, which is the subject of ongoing optimisation testwork. All samples demonstrated minor non-sulphide nickel (NSNi) present. Sulphur speciation for the samples also indicated some degree of sulphide oxidation has occurred, consistent with the petrology which identified violarite as the dominant nickel sulphide species. No talc or deleterious elements were detected during the testwork. The results achieved during the preliminary metallurgical testwork programme are encouraging and further work would be expected to improve upon current results, especially with respect to Fe:MgO ratios of the final nickel concentrates produced. The positive results from the testwork are an important milestone for the Nepean Scoping Study looking into the economic viability of a potential open-pit mining scenario of the known shallow high-grade nickel sulphide mineralisation, which commences within 50m from surface. The Company will now look to complete a JORC(2012)-compliant Mineral Resource Estimate (MRE) for the shallow high-grade nickel sulphide mineralisation at Nepean. Board Change • Apr 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO, MD & Director Aidan Platel is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Aankondiging • Apr 20
Auroch Minerals Limited (ASX:AOU) entered into an agreement to acquire an 80% interest in the issued share capital of Nevada Lithium Pty Ltd from Nedeel LLC, Cratonix Pty Ltd and Krakouer Capital Pty Ltd . Auroch Minerals Limited (ASX:AOU) entered into an agreement to acquire an 80% interest in the issued share capital of Nevada Lithium Pty Ltd from Nedeel LLC, Cratonix Pty Ltd and Krakouer Capital Pty Ltd on April 20, 2022. The Vendors will retain the remaining 20% interest in Nevada Australia. the Company has also agreed to reimburse the Vendors for expenditure incurred in respect to the NLP for an amount of up to AUD 220,000. As part of the Proposed Acquisition, the Company has also entered into a Shareholders Agreement with the Vendors , Upon completion of the Proposed Acquisition, the Company will be entitled to appoint two directors to Nevada Australia, a Loan Facility Agreement whereby the Company has agreed to provide a loan facility of up to AUD 230,000 to Nevada Australia, on and from execution of the Share Sale Agreement, with all drawdowns to be utilised for the registration of permits, licences and/or claims in respect to the NLP, and/or with the prior approval of the Company, exploration activities in respect to the NLP. Aankondiging • Apr 07
Auroch Minerals Limited Announces Drilling Intersects Lithium Mineralisation at Nepean Auroch Minerals Limited announced intersections of lithium mineralization in RC drill-hole samples at the Nepean Nickel Project in Western Australia (Auroch Minerals Ltd. 80%, Lodestar Minerals Ltd. 20%). Re-assaying of pegmatite intersections in reverse-circulation (RC) drill-holes NPRC051, NPRC057, NPRC058 and NPRC066 has further confirmed the presence of lithium mineralization in the northern area of the Nepean Nickel Project (Nepean), with results including: 1m @ 0.88% Li2O from 78m within broader mineralized zone of 4m @ 0.35% Li2O from 78m (NPRC051) 1. Results are in addition to surface rock-chip samples of up to 2.26% Li2O taken from the same area2, and demonstrate the potential for significant LCT mineralization at Nepean, with planning underway for follow-up exploration programmes. Aankondiging • Mar 10
Auroch Minerals Limited Announces High-Grade Nickel Sulphides Intersected in Drill-Hole SNDD018 At the Saint Andrews Deposit of the Saints Nickel Project Auroch Minerals Limited announced that high-grade nickel sulphides have been intersected in drill-hole SNDD018 at the Saint Andrews deposit of the Saints Nickel Project in Western Australia, with results returning a total of 6.92m @ 2.42% Ni, 0.17% Cu & 0.63 g/t PGE (Pt + Pd) and individual samples grading up to 8.8% Ni.SNDD018 was the deepest hole drilled into Saint Andrews deposit in the current infill programme. The drill-hole intersected massive nickel sulphides in two zones, both in the upper hanging-wall zone and in the lower zone just above the basal contact. In the upper mineralised zone SNDD018 intersected 2.13m @ 3.26% Ni, 0.19% Cu & 1.24g/t PGE (Pt + Pd) from 167.99m, including 0.31m @ 8.83% Ni, 0.44% Cu & 2.91g/t PGE (Pt + Pd) from 169.81m. The drill-hole intersected the upper mineralised zone close to the expected depth from the existing geological and resource models. Importantly, assays are pending for several mineralised samples immediately above this intersection, which could further increase the width of this upper mineralised zone. In the lower mineralised zone SNDD018intersected 4.79m @ 2.05% Ni, 0.16% Cu & 0.36g/t PGE (Pt + Pd) from 311.98m, including 0.77m @ 5.09% Ni, 0.47% Cu & 0.50 g/t PGE (Pt + Pd) from 316m. The mineralised intersection is approximately 5m above the basal ultramafic contact, consistent with previous intersections of this lower zone at Saint Andrews. Ten drill-holes for 2,667m of the diamond drill programme at Saints have now been completed, which is aimed at upgrading the current Saints Mineral Resource Estimate (MRE) of 1.02Mt @ 2.0% Ni for 21,400kt of contained nickel from an Inferred Resource category to a predominantly Indicated Resource category. The majority of the programme has been infill drilling, including three holes specifically designed for metallurgical testwork required for the Saints Scoping Study. Seven of the holes have been drilled at the Saint Andrews Prospect and three at the Saint Patricks Prospect. The logging and sampling of the drill core is being fast-tracked so that the geological information and geochemical assay results can be used for the planned upgrade to the Saints MRE, which along with the metallurgical testwork, is also critical to the Saints Scoping Study. Aankondiging • Feb 24
Auroch Minerals Limited Provides Saints Nickel Project Drilling Update Auroch Minerals Limited announced that two drill-holes from the current diamond drill programme at the Saints Nickel Project (Saints; Auroch Minerals 100%) in Western Australia have successfully intersected significant intercepts of massive nickel sulphides outside of the current modelled resource at the Saint Patricks deposit. SNDD021 and SNDD022 were drilled into the Saint Patricks channel into a gap between the modelled nickel sulphide mineralisation used in the current mineral resource estimation. Both holes successfully intersected massive nickel sulphides on the basal contact, with SNDD021 intersecting 3.01m of massive nickel sulphides from 177.08m (Photograph 1) and SNDD022 intersecting 0.84m from 177.73m. To-date, seven drill-holes for 1,813m of the major diamond drill programme at Saints have been completed, which is aimed at upgrading the current Saints Mineral Resource Estimate (MRE) of 1.02Mt @ 2.0% Ni for 21,400kt of contained nickel1 from an Inferred Resource category to a predominantly Indicated Resource category. The majority of the programme has been infill drilling, including two holes specifically designed for metallurgical testwork with a third hole currently being drilled. Four of the holes have been drilled at the Saint Andrews Prospect and three at the Saint Patricks Prospect. In addition to extensional drill-holes SNDD021 and SNDD022, the infill drill-holes at both SaintPatricks and Saint Andrews have successfully intersected disseminated, matrix and massive nickelsulphides (Table 2) at depths consistent with the existing modelled mineralisation, confirming thevalidity and robustness of the existing model. Aankondiging • Feb 10
Auroch Minerals Limited Provides an Update on Nepean North Prospect Lodestar Minerals Limited advised that joint venture partner Auroch Minerals has provided an exploration update regarding the Nepean Project. Lodestar holds a 20% interest in the Nepean Nickel Project and Auroch hold the remaining 80% and are operators of the project. Nepean comprises 13 tenements located 25km south of Coolgardie, Western Australia and contains the historic high-grade Nepean nickel sulphide mine (1970-1987), the second producing nickel mine in Western Australia. Little systematic exploration occurred on the project following the mine closure in 1987, this presents enormous opportunity for new nickel discoveries through systematic exploration and the application of high-powered geophysical surveys. Auroch Minerals Limited advised that the ground IP survey has been completed over the Nepean North Prospect of the Nepean Project (Nepean) in Western Australia (Auroch Minerals 80%). The ground Dipole-Dipole Induced Polarisation (DDIP) survey successfully identified strong chargeability anomalies (>37mV) located below the weathering profile on 16 of the 19 survey lines. Inversion models of the surveyed lines show the strong chargeability features are associated with both intrusive and extrusive mafics (orogenic gold targets) and on the contacts of the prospective ultramafic units (nickel sulphide targets). The IP chargeability anomalies represent priority targets for follow-up drill-testing. A 3,000m RC drill programme has been planned and a work permit (PoW) applied for, with a dedicated RC drill rig currently being sourced. Seven drill-holes (~2,200m) are planned to test the peak response of the modelled IP targets in prospective geological positions for both gold and nickel sulphide mineralisation. A further seven drill-holes (~800m) have been planned to test three shallow gold targets in the south of the Nepean Project. Three holes are planned to test around drill-hole NPRC068 that intersected 1m @ 14.05 g/t Au from 67m and 2m @ 0.85 g/t Au from 78m on a mafic-ultramafic contact that is largely untested. Two holes are planned to test the north-eastern trend near the Lady Bell historic gold workings, following up on previous intersections in drill-holes NDG005 (1m @ 7.5g/t Au from 32m) and NPRC059 (1m @ 3.11g/t Au from 32m and 1m @ 1.05g/t Au from 75m). Two RC holes have also been planned in the aeromagnetic low anomaly west of the Triangular Ultramafic to follow-up on drill-hole 19NPRC003 (4m @ 5.1g/t Au from 68m). Metallurgical test work is well advanced on the shallow high-grade nickel sulphide mineralisation identified near the historic Nepean nickel mine, as part of the internal Scoping Study into the viability of a potential open-pit mine. The test work results to-date have been very positive, with the mineralised material from all three bulk samples successfully floating, and all but one of the samples (the lowest grade sample at ~1% Ni) successfully producing a saleable nickel concentrate grade (10% Ni). Metallurgical test work is continuing utilizing varying grind sizes in order to optimise nickel recoveries, and final results are expected in March. Pulp samples from pegmatite zones intersected in two RC holes (NPRC057 and NPRC066) are currently being re-assayed to assess for lithium-caesium-tantalum (LCT) potential in the north of the Nepean Project. Both drill holes intersected pegmatite units adjacent to surface rock-chip samples which assayed up to 2.26% Li2O. To-date, assay results have also been received from samples systematically taken throughout the large pegmatite intersection in the first Nepean Deeps drill-hole NPDD008, with no significant intersections of LCT mineralisation recorded. However, it is the Company's view that this result has no impact on the LCT potential of the pegmatites delineated in the north of the Nepean Project, where different fractionation levels and potentially different source rocks to those of the southern pegmatites have been identified. Aankondiging • Feb 01
Auroch Minerals Limited Announces Board Changes Auroch Minerals Limited announced that current Non-Executive Director, Mr. Michael Edwards, has been appointed part-time Executive Chairman of the Company, effective immediately. In conjunction with this appointment, Mr. Edward Mason has resigned as Chairman and Non-Executive Director of Auroch, effective immediately. Mr. Edwards is a Geologist and an Economist with over 25 years' experience in senior management roles in both the private and public sectors. He worked for Barclays Australia in their Corporate Finance department before working as an Exploration and Mine Geologist with several companies including Gold Mines of Australia and Eagle Mining. Mr. Edwards has worked as a consultant and project generator across a range of industries both as a Geologist and Corporate Advisor, predominantly in Australia and Africa. Aankondiging • Jan 09
Auroch Minerals Limited Commences its Exploration Activities at the Saints Nickel Project (Saints) in Western Australia Auroch Minerals Limited announced it has commenced its exploration activities for 2022. Saints Nickel Project At the Saints Nickel Project (Saints) in Western Australia (Auroch Minerals 100%), a major diamond drill programme will commence next week. The programme will comprise 3,700m of infill drilling at both the Saint Patricks and Saint Andrews prospects, with the aim to upgrade the classification of the current Saints Mineral Resource Estimate (MRE) of 1.02Mt @ 2.0% Ni for 21,400kt of contained nickel1 from Inferred to Indicated category. Included in this programme are two additional large-diameter drill-holes for metallurgical testwork samples . Both the new MRE and the metallurgical testwork results will provide important inputs for the Scoping Study currently underway at the Saints Nickel Project. A second programme comprising a further 2,000m of drilling has been planned to follow the initial infill programme, and aims to test for strike and down-plunge extensions to the known nickel sulphide mineralisation at Saints.Arden Zinc-Copper Project: At the Arden Zinc-Copper Project (Arden) in South Australia (Auroch Minerals 90%), diamond drilling has recommenced at the Ragless Range Zinc Prospect. RRDD009 was the first of four planned diamond holes drilled to test the southern extent of a large gravity target and anomalous geochemistry identified by previous drilling and surface sampling. Drilling was delayed due to heavy rainfalls and initial progress was slow due to challenging ground conditions which resulted in RRDD009 being abandoned at 60m when the rod string becoming bogged and sheared off in fractured limestone. A second vertical drill-hole (RRDD010) was then collared next to the first hole and drilled to 267.5m. The hole drilled mostly through the Wirrapowie Limestone unit with minor iron-rich banding at 203m and 225m. The source of the gravity anomaly does not appear to be explained by results from RRDD010; however, the hole could not be pushed deeper due to poor ground conditions. In order to overcome the programme delays, a second diamond rig was sourced and commenced drilling vertical hole RRDD011 in the centre of the gravity anomaly (Figures 2 & 3). Drilling has progressed well, with RRDD011 currently at 338m in limestone. The hole is being extended to 400m to try and intersect the prospective lower contact of the Wirrapowie Limestone with either the Woodendina Dolomite or the Parachilna Sandstone. Pending results of this drill-hole an additional angled hole may be drilled on the central section targeting the gravity anomaly closer to previous drill hole RRDD007 which intersected 12.8m @ 4.96% Zn from 53m including 3.65m @ 15.47% Zn from 62.15m. Nepean Nickel Project: At the Nepean Nickel Project (Nepean) in Western Australia (Auroch Minerals 80%), a ground dipole- dipole IP survey over the Nepean North Prospect will resume shortly. The IP survey is being completed on a 200m by 100m grid with twelve of nineteen lines now completed. Results from the survey to-date have been positive with strong chargeability features identified below the weathering profile on every line surveyed. One of the anomalies is over 1.3km in strike length and is potentially associated with a dolerite/gabbro east of the Nepean ultramafic unit, thus representing an attractive target for orogenic gold mineralisation. A second chargeability anomaly was identified over three survey lines on the eastern basal contact of a prospective ultramafic unit and thus presents a nickel sulphide target for follow-up drill testing. Assay results have been received for the second drill-hole NPDD013 at the Nepean Deeps Prospect. The 12.5m of disseminated and matrix to semi-massive sulphides intersected from 576.8m were pyrrhotite dominant, and although both pentlandite (nickel sulphide) and chalcopyrite (copper sulphide) were observed in the semi-massive to matrix sulphides, the assays have confirmed no significant intersections3, suggesting the tenor of the nickel sulphides was much lower than that observed within the historic Nepean mine area. The sulphides were intersected within a 76.15m intersection of ultramafics from 534.65 610.80m down-hole, which is interpreted to be the underexplored Sill 1 ultramafic directly west of the mine sequence, and were interpreted to be the cause of the down-hole electromagnetic (DHEM) conductor 1A/1B, the uppermost of three DHEM targets identified by the first Nepean Deeps drill-hole NPDD008. Two diamond holes NPDD014 and NPDD015 were completed in December to test regional DHEM conductors at the Little Eagle and Spoonbill Prospects at Nepean. Assays for both holes are pending; however, no nickel sulphides were observed in the drill core. Aankondiging • Nov 27
Auroch Minerals Limited Provides Update on Exploration Activities At the Nepean Project in Western Australia Auroch Minerals Limited announced an update on exploration activities at the Nepean Project in Western Australia. The second drill-hole into the Nepean Deeps target area, NPDD013, successfully intersected 12.5 meter of disseminated and matrix to semi-massive nickel sulphides from 576.8 meter within a 76.15 meter intersection of ultramafics from 534.65 to 610.80 meter down-hole, which is interpreted to be the underexplored Sill 1 ultramafic directly west of the mine sequence. The nickeliferous sulphides were intersected just below the down-hole electromagnetic conductor 1A/1B, and are interpreted to be the cause of the DHEM conductor, the uppermost of three DHEM targets identified by the first Nepean Deeps drill-hole NPDD008. NPDD013 is currently at a down-hole depth of approximately 675 meter and is planned to be drilled to a final depth of 800m to test for any further intersections of ultramafic units and potential nickel sulphide mineralisation beneath the historic Nepean mine workings. Upon completion the drill-hole will be cased for DHEM surveying. Highlights: Second diamond drill-hole NPDD013 at Nepean Deeps intersected a 76m thick ultramafic unit with 12.5m of disseminated and matrix to semi-massive nickel sulphide mineralisation just below the targeted DHEM conductor 1A/1B. The mineralised intersection will be logged and sampled immediately and sent to the laboratory for assaying NPDD013 is currently at approximately 675m down-hole and is planned to drill to 800m The ground dipole-dipole induced polarisation (IP) survey over the Nepean North Prospect is progressing well, with five lines completed and preliminary results already identifying strong chargeability anomalies. Aankondiging • Aug 20
Auroch Minerals Limited Announces That the Maiden Diamond Drill Programme into the Nepean Deeps Target Area is Underway At Its Nepean Nickel Project in Western Australia Auroch Minerals Limited announced that the maiden diamond drill programme into the Nepean Deeps target area is underway at its Nepean Nickel Project in Western Australia (Auroch Minerals 80%). The company also wishes to advise that it has entered into an option exercise underwriting agreement (Underwriting Agreement) with existing major shareholders Rainmaker Holdings (WA) Pty Ltd. and 6466 Investments Pty Ltd. (each an Underwriter, and together the Underwriters) to fully underwrite the exercise of unquoted options each with an exercise price of $0.10 and an expiry date of 30 November 2021 (Underwritten Options). As at the date of the Underwriting Agreement, there are 16,440,584 Underwritten Options on issue which remain unexercised, representing an amount of $1,644,058.40 (Underwritten Amount) guaranteed to be received by the Company (subject to certain termination events and less the underwriting fee of ~$66,000). The Company has commenced drilling the first Nepean Deeps diamond drill-hole (NPDD008) aimed at testing below the historic Nepean mine workings for down-plunge extensions to the known high-grade nickel sulphide mineralisation. NPDD008 is planned to 1,200m depth, and is currently at 38m down- hole. The first two drill-holes of the programme were designed primarily to be used as geophysical platform holes to test for potential nickel sulphides over a larger area via down-hole geophysical techniques. Geophysical surveys such as down-hole electromagnetics (DHEM), as well as down-hole magnetometric resistivity (MMR) and/or down-hole induced polarisation (DHIP), will be used to test for any conductive units that may represent nickel sulphide mineralisation within a radius of approximately 100 150m from each drill-hole. The secondary objective of the first two drill-holes is to test the all-important projected footwall position for potential nickel sulphide mineralisation, down to approximately 400m vertically below the previous underground workings. The historic mine workings ceased after encountering a large cross-cutting pegmatite intrusion at approximately 500m below surface. The geological and geophysical results from the first two holes will be used to plan another four drill- holes to test high-priority targets within the Nepean Deeps target area for nickel sulphide mineralisation, thus expanding the maiden drill programme to six proposed drill-holes. Forecast rates for the drilling are 20m per shift which may include some controlled drilling to ensure the drill-holes do not deviate significantly from planned orientations. Currently the drilling is single shift until completing the collaring in the next few days, after which the collar will be cased and a second shift added so that the drilling will continue 24 hours a day. Based on forecast drill rates and shifts drill hole NPDD008 should reach target depth in approximately 3 4 weeks. Options Underwriting In accordance with ASX Listing Rule 3.11.3, the Company wishes to advise that: the Underwriters are not a related parties of the Company (noting that Rainmaker Holdings (WA) Pty Ltd. is an existing shareholder, and 6466 Investments Pty Ltd. (an existing shareholder), together with its associates, have a substantial interest in the shares of the Company); the Underwriters will receive (in aggregate) an underwriting fee of 4% of the Underwritten Amount; and a summary of the key terms of the Underwriting Agreement are detailed in Annexure A. Any shortfall shares to be issued on exercise of outstanding Underwritten Options by the Underwriters pursuant to the Underwriting Agreement will be issued in accordance with ASX Listing Rule 7.2 (Exception 10) and do not require shareholder approval. The issue of the shortfall shares will not utilize the Company's ASX Listing Rule 7.1 placement capacity. The net funds received will be utilised by the Company to continue to explore and develop the Nepean, Leinster and Saints nickel sulphide projects, and for working capital purposes. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Aug 20
Director Michael Edwards has joined 5th company board Non-Executive Director Michael Edwards has been appointed to the board of Barra Resources Limited (ASX:BAR). Edwards now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Aankondiging • Aug 13
Auroch Minerals Announces Nepean Exploration Drilling Update Lodestar Minerals Limited advised that joint venture partner Auroch Minerals has advised that the Nepean Deeps maiden diamond drilling program is scheduled to commence this week. Lodestar holds a 20% interest in the Nepean Nickel Project and Auroch hold the remaining 80% and are operators of the project. Nepean comprises 13 tenements located 25km south of Coolgardie, Western Australia and contains the historic highgrade Nepean nickel sulphide mine (19701987), the second producing nickel mine in Western Australia. Little systematic exploration occurred on the project following the mine closure in 1987, this presents enormous opportunity for new nickel discoveries through systematic exploration and the application of highpowered geophysical surveys. Executive Departure • Jul 13
Company Secretary & Financial Controller James Bahen has left the company On the 30th of June, James Bahen's tenure as Company Secretary & Financial Controller ended. We don't have any record of a personal shareholding under James' name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.08 years. Aankondiging • Jun 24
Auroch Minerals Limited Reports Planning is Underway for 3,000M Drill Programme at its Nepean Nickel Project Auroch Minerals Limited reported that planning is underway for a 3,000m drill programme at its Nepean Nickel Project (80% Auroch Minerals) near Coolgardie in Western Australia. The high priority 3,000m programme will comprise up to five drill-holes targeting economic nickel sulphide mineralisation below the historic Nepean nickel mine workings. The historic high-grade Nepean nickel sulphide mine, which was the second producing nickel mine in Australia, produced 1,108,457t of ore between 1970 and 1987 for over 32,000t of nickel metal at an average recovered grade of 2.99% Ni1. Production ceased in 1987 due to very low nickel prices, leaving in-situ a significant historic remnant nickel sulphide resource. A large flat-lying pegmatite vein cross-cuts the nickel sulphide mineralisation at the base of the Nepean mine workings, drawing an analogy to Western Areas Ltd.'s Flying Fox nickel mine in Western Australia, where despite several large cross-cutting granite sills the nickel sulphide mineralisation continues at depth below the sills. The Flying Fox mine remains in operation having mined down to 1,200m below the surface and produced over 100kt of nickel to-date. Despite the analogy to the Flying Fox nickel deposit and the high-grade historic production of the Nepean mine, no significant exploration down-plunge of the mine has occurred, with effectively no drilling into the "Nepean Deeps" target area to-date. Aankondiging • Jun 10
Auroch Minerals Limited to Report That Assays Have Been Received for Diamond Drilling Completed at the Woodwind Auroch Minerals Limited to report that assays have been received for diamond drilling completed at the Woodwind and Percussion Prospects at the Company's 100%-owned Leinster Nickel Project (Leinster) in Western Australia. Assay results have been received for four diamond drill-holes, part of a five-hole (1,660m) regional drill programme designed to test the high-potential Woodwind and Percussion Prospects. These two prospects are located directly along strike from the Horn Prospect, where drilling has delineated shallow high-grade nickel sulphide mineralisation, and are defined by aeromagnetic high anomalies that are very similar to that which defines the Horn Prospect, making these prospects high- priority drill targets. The first-pass drill programme was a great success, with several holes intersecting thick cumulate phases of ultramafic rocks with zones of "cloud" (disseminated) nickel sulphides up to 5km further along strike from the Horn nickel sulphide mineralisation. Significant results include1: 72m @ 0.46% Ni from 212m, including 4m @ 0.61% Ni from 233m and 14m @ 0.57% Ni from 258m (HNDD008). 8m @ 0.30% Ni from 296m to EOH within elevated nickel values (>0.25% Ni) and observed disseminated nickel sulphides over 88m from 216m (HNDD007). 2m @ 0.45% Ni from 388m, including 1m @ 0.61% Ni from 389m (HNDD010). These results importantly highlight that the aeromagnetic trend at Leinster is coincident with a thick package of fertile, nickel sulphide -bearing ultramafic rocks. The observation of cloud nickel sulphides is a common feature to large high-grade nickel sulphide deposits in the Leinster region such as at BHP Nickel West's Perseverance and Rocky's Reward, where cloud sulphides in the cumulate ultramafics are proximal to massive nickel sulphide mineralisation. As such, these results are hugely encouraging as they greatly improve the prospectivity of these target areas and demonstrate the potential for massive nickel sulphide mineralisation to have developed in traditional channel positions within the Woodwind and Percussion Prospects. Aankondiging • May 25
Auroch Minerals Limited Provides Exploration Update Nepean Nickel Project Auroch Minerals Limited provided an update on exploration activities at its Nepean Nickel Project (Auroch 80%, Lodestar Resources Ltd. 20%) in Western Australia. A three-hole diamond drill programme has been successfully completed for 730m at Nepean, designed to test three separate targets. The first drill-hole (NPDD005) was designed to test a strong 4,000-8,000S conductor identified recently by a high-powered ground Moving-Loop Electromagnetic (MLEM) survey 1km south of the historic Nepean nickel sulphide mine. The hole was successfully drilled to a depth of 398m and intercepted a thick package of ultramafic units from 92m to 253m down-hole, cross-cut in places by intrusive pegmatite veins. The important footwall contact to the ultramafic package was intercepted at 253m and characterised by a two metre wide sediment unit containing approximately 10% sulphides of predominantly pyrrhotite, pyrite and chalcopyrite. The ultramafic unit directly above the contact exhibits a cumulate texture and the presence of sulphidic sediments on the contact is typical of the setting required for Kambalda-style nickel sulphide mineralisation. Down-hole Electromagnetics (DHEM) has been conducted on the completed drill-hole, which confirmed that the intercepted sulphides are probably the cause of the MLEM conductor. A refined DHEM model has produced a 4,500-6,000S conductive plate dimensions of 100x150m steeply dipping WNW and striking NNW-SSE, which is coincident with the lithological strike. The drill core is currently being processed and sampled and submitted for assaying, with results, particular the geochemistry of the contact zone, to be used for further drill targeting. The sulphidic sediments intersected by drill-hole NPDD005, whilst not nickel sulphides, are important as they provide the source of sulphur necessary for Kambalda-style nickel sulphide mineralisation, and the fact that they are underlying a thick ultramafic package is very encouraging. The second diamond drill-hole (NPDD006) targeted a geochemical anomaly identified in the Company's air-core (AC) drilling earlier this year, where drill-hole NPAC004 intercepted 1m @ 0.60% Ni from 67m in an end of hole sample in fresh rock. The location of the anomaly is approximately 1.8km north of the historic Nepean mine. NPDD006 was drilled to a depth of 255m, and the ultramafic - basalt footwall contact was intersected at 180m down-hole. The drill core is currently being processed and sampled and submitted for assaying. A DHEM survey of the hole has been scheduled for later this week. The third diamond hole (NPDD007) was drilled as a metallurgical hole in order to better understand the shallow high-grade nickel sulphide mineralisation intersected in recent Reverse Circulation (RC) drilling. The drill-hole intercepted a wide (10m) sulphide zone from 66m and within that intersected 3.40m of the "triangular ore zone" mineralisation from 72.4m down-hole. The "triangular ore zone" is a mineralised unit noted in historic orebody descriptions at the Nepean nickel mine and is characterised by 10-40% matrix sulphides consisting of pentlandite and pyrrhotite which take on a triangular appearance. The drill core from NPDD007 will be processed and assayed and half of the HQ diameter core will be retained for ongoing metallurgical work. DHEM on the hole is scheduled for later this week, with the aim of understanding the conductive response of the matrix sulphide unit. This will aid in the future targeting of regional exploration drill programmes. The high-powered ground MLEM resumes this week at Nepean after several delays due to equipment issues. The survey will cover critical areas of the Nepean strike both to the north and south of the historic mine and is due to be completed within the next two weeks. Drilling continues at the Leinster Nickel Project at the Woodwind Prospect, located directly along strike from the known high-grade nickel sulphide mineralisation at the Horn Prospect. To-date, five diamond holes for 1,660m and seven RC holes for 1,300m have been completed. Assays are pending for all holes, with first batch of results expected in the coming weeks. DHEM has been scheduled for next week for all completed drill-holes. Aankondiging • May 13
Auroch Minerals Limited Announces Arden Copper Zinc Project Auroch Minerals Limited provided an update on exploration activities at its Arden Copper-Zinc Project (Arden) near Port Augusta, South Australia. The Company is in the final stages of preparation to recommence a soil and surface rock-chip sampling programme initiated in October last year which covers prospective copper trends across the two tenements comprising the Arden Project. Access with the relevant landowners has been established, with sampling to commence in the coming weeks. The systematic programme will include covering regional copper trends identified by Taruga Minerals Ltd. which lie both to the northwest and east of the Arden tenements. Initial rock-chip sampling by Auroch near the historic artisanal Mt Arden copper mine, south of the north-western copper trend, produced high-grade copper results, including 20.4% Cu, 15.25% Cu, 8.55% Cu and 5.52% Cu. The eastern region of the Arden Project, which lies adjacent to TAR's recent high-grade copper discovery at its Wyacca Prospect, has yet to be sampled and will be a priority area when the programme recommences. In addition to the surface sampling, Auroch is preparing for a RC drill programme at the Ragless Range Zinc Prospect. A work permit (PEPR) application has been lodged with the South Australian Mines Department for the programme which will test a strong gravity anomaly that extends for over 2km. The anomaly is coincident with a surface zinc anomaly and adjacent to the high-grade zinc intersection in drill- hole RRDD-007 from the Company's maiden drill programme at Ragless Range, which intersected a very high-grade 3.65m @ 15.47% Zn from 62.15m from within a broader interval of 12.80m @ 4.96% Zn from 53.00m. Aankondiging • May 08
Auroch Minerals Limited Announces Drilling of High-Priority EM Target Commences at Nepean Auroch Minerals Limited reported that the high-powered ground MLEM survey initiated last week has successfully identified a significant conductor at the Nepean Nickel Project (Nepean), located 25km south of Coolgardie, in Western Australia. The project is operated under the Company's 80:20 JV agreement with Lodestar Minerals Ltd. The conductor has been modelled at 250m below the surface, about 1km to the south of the historic high-grade Nepean nickel mine. The moderate-high strength of the modelled conductor is in the range of 4,000 - 8,000S which is typical of conductive bodies such as semi-massive and massive sulphide mineralization. The modelled conductor is located in an area that has been poorly tested by drilling at depth; however, a historic drill-hole (ND051) 50m to the north intercepted disseminated nickel sulphides within an ultramafic unit, which adds further support to the potential that the conductive plate may represent significant nickel sulphide mineralization. The company will immediately test this high-potential target with diamond drilling, commencing with a 350 - 400m drill-hole designed to intercept the modelled conductive plate at a down-hole depth of 290 - 300m. The hole will be drilled to approximately 50m past the basal footwall contact with the underlying basalt unit, in order to provide an adequate depth for follow-up down-hole EM (DHEM) surveys to test for extensions and/or additional conductive bodies at depth. Exploration Update: Nickel sulphide exploration work programmes scheduled for the next 4 - 6 weeks include the following: High-powered ground MLEM survey to test critical areas of the 10km of prospective strike of the Nepean ultramafics - underway. Diamond drill programme testing high-priority EM targets - underway. Second phase of RC drilling to test geochemical and geophysical targets along the Nepean strike - commencing late May - June. Diamond drill programme at the Woodwind and Percussion Prospects of the Leinster Nickel Project - underway. DHEM surveys of completed diamond drill-holes at Woodwind & Percussion in Leinster - underway. RC drill programme at the Woodwind, String, Brass and Firefly Prospects of the Leinster Nickel Project - commencing mid-May. Aankondiging • Mar 11
Auroch Minerals Limited Announces Nepean Drilling Update Auroch Minerals Limited reported the next batch of assay results have been received from its maiden RC drill programme at the high-grade Nepean Nickel Project, located 25km south of Coolgardie, in Western Australia. The project is operated under the Company's 80:20 JV agreement with Goldfellas Pty Ltd. Results have now been received for the first 10 holes of the 3,500m drill programme, with significant shallow high-grade nickel sulphide intersections from the latest batch of 4 drill-holes including: 2m @ 2.00% Ni & 0.30% Cu from 66m, including 1m @ 2.90% Ni & 0.36% Cu (NPRC043); and 4m @ 0.77% Ni & 0.05% Cu from 25m, including 1m @ 0.94% Ni & 0.05% Cu (NPRC042). These results are in addition to the significant intersections from the first 6 drill-holes of the programme at Nepean, which included: 3m @ 3.70% Ni & 0.33% Cu from 91m, including 2m @ 5.09% Ni & 0.47% Cu (NPRC031); 1m @ 5.57% Ni & 0.25% Cu from 60m (NPRC032); 2m @ 3.02% Ni & 0.30% Cu from 55m (NPRC034); and 3m @ 1.35% Ni & 0.10% Cu from 40m, within a broader zone of 18m @ 0.76% Ni & 0.02% Cu from 25m (NPRC033). The 10 completed near-mine drill-holes have successfully confirmed that Sill 3 mineralisation, the eastern of two sub-parallel nickel sulphide lenses at Nepean, extends over 200m to the south of the existing mineralisation in the historic Nepean mine, thus delineating shallow high-grade nickel sulphide mineralisation for over 500m in total strike length. A further 5 drill-holes have been planned to test key areas of this shallow near-mine high-grade mineralisation and will be drilled immediately following completion of the current drill-hole. Samples from these additional holes will be prioritised at the lab with results expected within the next 2 - 3 weeks. Currently the rig is completing the 20th drill-hole for approximately 2,400m of the Company's maiden drilling programme at Nepean. In addition to the 10 near-mine holes there has been a further 10 holes completed to test the highest priority regional aeromagnetic targets along the 10km of prospective strike to the north of the historic Nepean nickel mine. These drill-holes have been designed to characterise the ultramafic units along strike and to define the important stratigraphic contact between the ultramafic hanging-wall and the basalt footwall. All exploration drill-holes will be cased for follow-up down-hole electromagnetic (DHEM) surveys to test for any nearby conductive units that may represent massive nickel sulphide mineralisation. The upcoming exploration programmes for March include the following: With the additional shallow drill-holes planned near the historic Nepean mine, the current drill programme at the Nepean Nickel Project is expected to continue for another 10 - 15 days, after which assays results will continue to be received and interpreted; Also at the Nepean Nickel Project a high-powered ground MLEM survey will commence this month over critical target areas of the 10km of regional strike to the north and south of the historic mine area; and A diamond drill rig has been sourced from Seismic Drilling to test the high-priority aeromagnetic anomalies along strike from the Horn Prospect at the Company's Leinster Nickel Project, and is scheduled to commence next week. Aankondiging • Mar 05
Metals Australia Ltd (ASX:MLS) signed a binding agreement to acquire Nepean South Nickel Project from Auroch Minerals Limited (ASX:AOU) and GoldFellas Pty Ltd for AUD 0.1 million. Metals Australia Ltd (ASX:MLS) signed a Binding agreement to acquire Nepean South Nickel Project from Auroch Minerals Limited (ASX:AOU) and GoldFellas Pty Ltd for AUD 0.1 million on March 3, 2021. As per the transaction, consideration is payable for cash payment of AUD 0.03 million to be paid within five business days from the Company completing its due diligence investigations to its absolute satisfaction and Metals Australia Ltd will issue ordinary shares equivalent of AUD 0.075, at a deemed issue price equal to the higher of AUD 0.002 or the 5-day VWAP of the Company immediately prior to the date on which the Share Consideration is proposed to be issued. The Share Consideration shall be escrowed for 6 months from the date of issue. The transaction is subject to consummation of due diligence investigation and is expected to complete on or about 5 March 2021. Aankondiging • Mar 04
Auroch Minerals Limited Signs A Drilling Contract That Locks in A Drill Rig for the Next 12 Months Auroch Minerals Limited announced it has signed a drilling contract that locks in a drill rig for the next 12 months. The Company has contracted the services of Seismic Drilling Services Pty Ltd. (Seismic) for drilling programmes for the next twelve months across its three high-grade nickel sulphide assets comprising the Nepean, Leinster and Saints Nickel Projects, all located in the nickel-endowed Norseman-Wiluna Greenstone Belt in Western Australia. Seismic will dedicate a LMP 2000 Multipurpose Drill Rig to Auroch's nickel sulphide portfolio, allowing the Company to drill both reverse circulation (RC) and diamond drill-holes as required with the same rig, for a scope of works that comprises over 20,000m of drilling. Currently this drill rig is on site at the Nepean Nickel Project completing a 3,500m RC programme. Aankondiging • Feb 16
Auroch Minerals Limited Announces Intersections of over 5% Ni Extend High-Grade Mineralisation At Nepean Auroch Minerals Limited reported the first assay results have been received from its maiden RC drill programme at the high-grade Nepean Nickel Project (Nepean), located 25km south of Coolgardie, in Western Australia. The project is operated under the Company's 80:20 JV agreement with Goldfellas Pty Ltd. The results received for the first six holes of the 3,500m programme confirmed very high grade nickel sulphide mineralisation at Nepean, with several impressive intersections over 5% Ni. Significant intersections for these drill-holes include: 3m @ 3.70% Ni & 0.33% Cu from 91m, including 2m @ 5.09% Ni & 0.47% Cu (NPRC031), 1m @ 5.57% Ni & 0.25% Cu from 60m (NPRC032), 2m @ 3.02% Ni & 0.30% Cu from 55m (NPRC034), 3m @ 1.35% Ni & 0.10% Cu from 40m, within a broader zone of 18m @ 0.76% Ni & 0.02% Cu from 25m (NPRC033). Importantly, these intersections have successfully extended shallow high-grade nickel sulphide mineralisation over 200m of strike from the existing mineralisation in the historic Nepean mine to the high-grade nickel mineralisation intersected in shallow drilling in 2007-08, resulting in very shallow, very high-grade nickel sulphides for over 500m in total strike length. The RC chip samples from four other shallow holes drilled in this area have been logged and submitted to the ALS Global laboratory in Perth for analyses, with assay results expected with the next 1 - 2 weeks. The drill-rig has now moved to test exciting regional aeromagnetic targets along the 10km of prospective strike to the north and south of the historic Nepean nickel mine. These drill- holes have been designed to characterise the ultramafic units along strike and to define the important stratigraphic contact between the ultramafic hanging-wall and the basalt footwall. All exploration drill-holes will be cased for follow-up down-hole electromagnetic (DHEM) surveys to test for any nearby conductive units that may represent massive nickel sulphide mineralisation. The remaining programme is expected to be completed in the next 2 weeks. Is New 90 Day High Low • Feb 11
New 90-day high: AU$0.30 The company is up 61% from its price of AU$0.19 on 13 November 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. Aankondiging • Feb 04
Auroch Minerals Limited Provides an Update on the Exploration Activities At Its High-Grade Nepean Nickel Project Auroch Minerals Limited provided an update on the exploration activities at its high-grade Nepean Nickel Project (Nepean), located 25km south of Coolgardie, in Western Australia. The project is operated under the Company's 80:20 JV agreement with Goldfellas Pty Ltd. (Goldfellas). The Company's 3,500m RC drill programme is progressing on schedule and is approximately one third of the way through, with 12 drill-holes completed for 1,012m. The programme was designed to test the extents of shallow near-mine mineralisation, as well as several aeromagnetic targets along the 10km of prospective strike at Nepean which have very high potential to host further significant nickel sulphide mineralisation. The initial 10 drill-holes completed (742m) targeted shallow high-grade nickel sulphide mineralisation near the historic Nepean nickel mine. The holes were drilled to test if the shallow high-grade nickel sulphide mineralisation identified approximately 200m to the south of the mine by Focus Minerals Ltd. in 2007-08 extended all the way back to the remnant nickel sulphide mineralisation in the mine itself. The RC chip samples from these 10 drill-holes have been logged and submitted to the ALS Global laboratory in Perth for analyses, with assay results expected with the next 1 - 2 weeks. The drill-rig has now moved to test exciting regional aeromagnetic targets along the 10km of prospective strike to the north and south of the historic Nepean nickel mine. These drill- holes have been designed to characterise the ultramafic units along strike and to define the important stratigraphic contact between the ultramafic hanging-wall and the basalt footwall. All exploration drill-holes will be cased for follow-up down-hole electromagnetic (DHEM) surveys to test for any nearby conductive units that may represent massive nickel sulphide mineralisation. The remaining programme is expected to be completed in the next 2 - 3 weeks. Aankondiging • Jan 20
Auroch Minerals Limited Commences Drilling at its High-Grade Nepean Nickel Project (Nepean), Located 25Km South of Coolgardie, in Western Australia Auroch Minerals Limited announced drilling has commenced at its high-grade Nepean Nickel Project (Nepean), located 25km south of Coolgardie, in Western Australia. The project is operated under the Company's 80:20 JV agreement with Goldfellas Pty Ltd. (Goldfellas). Drilling will target a series of untested highly prospective aeromagnetic targets to the north and south of the mine. These targets align with the Nepean mine stratigraphy and are thought to represent a serpentinised core or high MgO unit of the komatiitic unit. The targets extend for over 10km of strike and each one has the potential to host significant massive nickel sulphide mineralisation. The drill- holes at these exploration targets have been planned to intersect the ultramafic-basalt contact and to define channel geometry, fertility and the presence of any nickel sulphides. The Nepean Nickel Project contains the historic high-grade Nepean nickel sulphide mine, which was the second producing nickel mine in Australia, producing 1,108,457t of ore between 1970 and 1987 for 32,202t of nickel metal at an average recovered grade of 2.99% Ni. 1 An initial eight drill-holes of the 3,500m programme will also test shallow near-mine mineralisation located approximately 200m south of the historic mining operation (see Figure 1). These holes will look to define the extents of the mineralisation identified by historic high-grade intercepts which include1: 3m @ 11.78% Ni from 37m (NP084470-2), 3m @ 9.93% Ni from 49m (NP084480-1), 4m @ 6.63% Ni from 46m (NP084470-1) and 6m @ 2.82% Ni from 53m (NP084490-1). Is New 90 Day High Low • Jan 18
New 90-day high: AU$0.23 The company is up 59% from its price of AU$0.14 on 20 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 22% over the same period. Aankondiging • Jan 07
Auroch Minerals Limited to Commence Drilling Next Week At Its High-Grade Nepean Nickel Project (Nepean), Located 25Km South of Coolgardie, in Western Australia Auroch Minerals Limited announced drilling will commence next week at its high-grade Nepean Nickel Project (Nepean), located 25km south of Coolgardie, in Western Australia. The RC drill programme will test possible near-mine extensions to the high-grade nickel sulphide mineralisation, as well as previously untested high-priority targets along the 10km of underexplored strike of the Nepean mafic-ultramafic mine stratigraphy and/or aeromagnetic anomalies. The Nepean Nickel Project contains the historic high-grade Nepean nickel sulphide mine, which was the second producing nickel mine in Australia, producing 1,108,457t of ore between 1970 and 1987 for 32,202t of nickel metal at an average recovered grade of 2.99% Ni 1. The company has identified several near-mine drill targets to potentially extend the known high-grade massive nickel sulphide mineralisation, particularly along strike to the south where historic RC drilling successfully intersected very high-grade nickel sulphide mineralisation, including1: 3m @ 11.78% Ni from 37m (NP084470-2); 3m @ 9.93% Ni from 49m (NP084480-1); 4m @ 6.63% Ni from 46m (NP084470-1); 6m @ 2.82% Ni from 53m (NP084490-1). In addition to the near-mine prospectivity, the drilling will test several high-priority targets along strike within the 3,128 ha tenement package, where aeromagnetic anomalies align with the Nepean mafic-ultramafic mine stratigraphy to create compelling drill targets with high potential for nickel sulphide mineralisation. Aankondiging • Dec 18
Auroch Minerals Limited (ASX:AOU) and GoldFellas Pty Ltd completed the acquisition of Eastern Coolgardie Goldfields Pty Ltd. Auroch Minerals Limited (ASX:AOU) and GoldFellas Pty Ltd agreed to acquire Eastern Coolgardie Goldfields Pty Ltd for AUD 4 million on November 11, 2020. Under terms, Auroch Minerals will pay AUD 2.5 million in cash of which AUD 1 million towards nonrefundable payment towards exclusive due diligence on the Nepean Nickel Project and AUD 1.5 million through issuance of 8.3 million shares of Auroch Minerals at a deemed issued price of CAD 0.17 per share being the 5 day VWAP prior to this announcement. Out of AUD 2.5 million cash paid Auroch will pay to the extent of AUD 2 million and GoldFellas to the extent of AUD 2 million. As per the terms Auroch Minerals and GoldFellas will acquire 80% and 20% respective stakes in Nepean Nickel Project in a joint venture arrangement. The completion of the transaction is subject to the satisfaction or waiver of various conditions precedent including registration of the transfers of the tenements to Eastern Coolgardie Goldfields pursuant to the vendors settlement agreement with Focus Minerals, completion of due diligence, no material breach of warranties given by the vendors and obtaining shareholder approval by Auroch Minerals to issue to shares and the parties obtaining any regulatory or other third-party approvals required.
Auroch Minerals Limited (ASX:AOU) and GoldFellas Pty Ltd completed the acquisition of Eastern Coolgardie Goldfields Pty Ltd on December 17, 2020. Aankondiging • Nov 18
Auroch Minerals Limited Reports Second Drill- Hole Successfully Intersected Nickeliferous Massive Sulphide Mineralisation At Leinster Nickel Project Auroch Minerals Limited reported the second drill- hole at the Horn has successfully intersected nickeliferous massive sulphide mineralisation, following on from the thick massive to semi-massive nickel sulphide intersection observed in the first hole of the diamond drill programme currently underway at its Leinster Nickel Project (Leinster) in Western Australia. Diamond drill-hole HNDD002 successfully intersected approximately 7.2m of nickel- and copper-bearing massive sulphides from a depth of 143.0m.1 The sulphide assemblage has been logged as pyrrhotite pentlandite chalcopyrite, with pentlandite being the principal nickel-bearing sulphide mineral present. The sulphide intercept is one continuous massive sulphide interval, highlighting the nature of the sulphide mineralisation at Horn. HNDD002 intersected the massive nickel sulphide mineralisation 15m further north along strike from a historic intercept of 14.66m @ 2.19% Ni & 0.48% Cu (08BWDD0015), thus extending the mineralisation where previously it was thought to have pinched out. The observed intercept reaffirms the thickness and continuity of the massive nickel sulphide mineralisation at a relatively shallow depth at the Horn, and highlights the potential for targeting further mineralisation extensions along strike to the north of the Horn Prospect. Is New 90 Day High Low • Nov 06
New 90-day high: AU$0.21 The company is up 153% from its price of AU$0.083 on 07 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 8.0% over the same period. Aankondiging • Oct 16
Auroch Minerals Limited Announces Surface Copper Sampling Programme Commences At Arden Project Auroch Minerals Limited announced it has commenced a surface sampling programme along the prospective copper trends of its Arden Project (Arden) in South Australia. The programme will comprise both surface rock chip sampling and soil sampling across a regional trend identified by aeromagnetics. The trend extends from the Taruga Minerals Ltd. tenement to the north down to the historic artisanal Mt Arden copper mine to the south. Earlier this year Taruga successfully defined a high-grade copper trend in soils and surface rock chip samples over a prospective trend 15km long. A review of Auroch's high-resolution aeromagnetics survey flown in June 2018 clearly shows the structures of the Taruga trend extending south into the Arden tenement and down to the area of the historic Mt Arden copper mine. In 2018 Auroch's surface rock-chip sampling programme of outcrops near Mt Arden produced high- grade copper results, including 20.4% Cu, 15.25% Cu, 8.55% Cu and 5.52% Cu. The current surface sampling programme will extend the previous programmes along the magnetic trend to the north towards Taruga's neighbouring tenement. The sampling programme has commenced at the Lady Margo prospect where ferruginised limestones and ironstone gossans were observed during field mapping. After completing the initial programme, the Company will then move to cover other areas of the Arden tenure that have been identified as highly prospective for Copper, including the trend to the northeast of the Kanyaka Prospect, where surface rock chip samples taken in 2018 produced results up to 12.4% Cu3. Results will be announced to the market as they are received. Aankondiging • Oct 13
Auroch Minerals Limited Announces DHEM Surveys Completes on All of the Reverse Circulation Drill-Holes Recently Completed At the Valdez Nickel Prospect Auroch Minerals Limited announced that DHEM surveys completed on all of the reverse circulation (RC) drill-holes recently completed at the Valdez Nickel Prospect (Valdez) have detected a strong off-hole conductor coincident with the base of the modelled channel. Valdez is part of the Company's Leinster Nickel Project (Leinster) located near the Leinster township in Western Australia. A 7,000 14,000S conductive body was identified off-hole from drill-holes VZRC002 & VZRC003. The modelled plate sits down dip and slightly north of the two RC drill-holes. Geological logging of the holes completed by the Company shows the conductor to be coincident with an ultramafic - basalt lithological contact, an important feature for Kambalda-style komatiitic massive nickel sulphide mineralisation. The Company is eagerly awaiting the geochemical assay results from the RC drilling in order to characterize the ultramafic units to confirm their potential to host significant nickel sulphide mineralisation. The DHEM surveys were conducted following the completion of a 1,500m RC drill programme. The purpose of the deep programme was to further test the Valdez Prospect following encouraging air-core (AC) results. A litho-geochemical review of the AC results showed elevated Ni and MgO within a modelled embayment along an ultramafic-basalt contact representing a potential komatiite channel. The channel target was coincident to an anomalous magnetic high and a historic surface EM conductor with a strike length of 1.2km, all of which are very encouraging signs for massive nickel sulphide mineralisation. A diamond drill programme has been planned to test the high priority DHEM target. Drilling is expected to commence early November following resource drilling at the Horn. Assay and DHEM results are also pending for the Firefly and North Sinclair Prospects. Ongoing work for the company includes a tightly run set of programmes across both the Saints and Leinster Nickel Projects. RC drilling is expected to commence shortly at the T1 target at Saints, which is located approximately 30km west of Estrella Resources recent discovery at Carr Boyd. Diamond drilling will commence later this month at the Company's Horn nickel sulphide deposit, aiming to upgrade the historic resource estimate to JORC (2012) -compliant. Further AC drilling of less-advanced prospects across the Saints and Leinster Nickel Projects is ongoing. Aankondiging • Sep 26
Auroch Minerals Limited announced that it expects to receive AUD 2.9 million in funding Auroch Minerals Limited (ASX:AOU) announced that it has received commitments for placement to issue 42,647,058 fully paid ordinary shares at a price of AUD 0.068 per share for gross proceeds of AUD 2,899,999.944 on September 25, 2020. The transaction will include participation from new and existing professional, sophisticated and other investors. The transaction is expected to close on or about October 2, 2020. 
