Akjoujt South Project

ASP (Cu-Ni-Co) [OreCorp  90% 1415 & 1416]

The ASP is in the Proterozoic Mauritanide Belt and comprises two granted licences covering 460km2 and a licence application covering the 136 km2.

These licences contain highly prospective geological structures and lithology which have the potential to host iron oxide copper gold (IOCG) and magmatic sulphide nickel-copper-cobalt deposits. The ASP is approximately 60 km south of First Quantum’s Guelb Moghrein copper-gold mine.

Anomaly 5 was identified in a regional soil sampling program which generated an anomalous soil sample of 0.26% nickel and 0.23% copper. The anomalism is associated with a circular intrusive body and alteration assemblage. Subsequent mapping, infill sampling and trenching has defined a zone of geochemical anomalism approximately 1.6km long. Trenching across this anomalism has intersected mineralised intervals of up to 160m in width of 0.24% nickel and 0.21% copper. Drill intersected mineralisation over one kilometre strike length with drill intercepts up to 63m down hole width of 0.5% nickel and 0.3% copper.

A moving loop EM (MLEM) survey has recently been completed over the Anomaly 5 and regional areas which has identified a number of new late time anomalies.