Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

3 Pages (Click to Jump) V   1 2 3 >   
 
  
Reply to this topic

AOU, AUROCH MINERALS NL
macdtrader
post Posted: May 10 2021, 08:03 PM
  Quote Post


Posts: 265
Thanks: 19


In Reply To: nipper's post @ May 10 2021, 07:06 PM

There was a reporter from Mining News on site with Aidan late last week.



 
nipper
post Posted: May 10 2021, 07:06 PM
  Quote Post


Posts: 8,937
Thanks: 2740


from elsewhere (probably paid for)
QUOTE
Shares in Auroch Minerals Limited have soared roughly 300% in the last six months, but there could be more upside. This nickel sulphide focused base-metal resource company, is building value through targeted high-impact exploration in Western Australia. AOU has three nickel projects in Western Australia and all sit in the Norseman-Wiluna Greenstone Belt, home to some of the best nickel projects globally including Leinster, Mt Keith, Kambalda and Widgiemooltha.

All of AOU's projects, including Leinster, Saints and Nepean are highly prospective for near surface, high grade nickel sulphide mineralisation.

High grade nickel is a feature of the Leinster region and today's results show that the second hole (HNDD002) has confirmed thick shallow high-grade nickel-copper-PGE sulphide mineralisation, with the logged massive sulphides interval reporting 7.3 metres at 2.2% nickel, 0.53% copper from 143 metres. The first hole accepted 4.1 metres of high-grade nickel-copper sulphide mineralisation grading 2.4% nickel and 0.61% copper from 119 metres.

Both the quality of the grades and the near surface nature of the mineralisation suggest that this could be a highly economical project.

The drill program at Leinster consists of four diamond drill-holes and will be followed by reverse-circulation drilling to test strike potential and some of the more-advanced regional targets across the Leinster tenure. The combined diamond and RC drill programs will consist of approximately 1200 metres of diamond drilling and 1800 metres of RC drilling.

Drilling success at Leinster would be highly material given that BHP has expressed a desire to ramp up its nickel production to meet growing global demand fuelled by the shift to electric vehicles.

Mining giant BHP could boost production on commercially viable terms and has commenced trying to source contracts with Nickel Sulphide deposits to feed into its Nickel West refineries.

AOU is also expecting the delivery of assay results from its maiden drilling program at the Nepean Nickel Project, which contains the historic high-grade Nepean nickel sulphide mine and was the second producing nickel mine in Australia, producing just over 1.1 million tonnes of ore between 1970 and 1987. The ore was treated by Western Mining Corporation (WMC, now BHP Group Ltd) at its Kambalda processing facilities.

The Nepean mine closed in 1987 due to low nickel prices, leaving significant nickel sulphide resources unmined. At the end of 1986 when a fight or flight decision had to be made, the nickel price was hovering in the vicinity of US$1.60 per pound, about 80% below current levels. Today, the nickel price is over US$7.00 per pound.

The Nepean nickel mine has a remnant high-grade JORC (2004) compliant resource: 13,250t contained nickel @ 2.20% Ni. (It should be noted that the resource is JORC(2004) only (i.e. historic estimate) and not compliant with the JORC (2012) code required now.) There is high potential at Nepean to build on the existing remnant resources with drill targets along strike and at depth.

Nepean is just 70km from BHP's Kambalda Nickel Concentrator and Smelter and again the presence of nearby processing facilities operated by third parties, including BHP's Kambalda smelter, is a substantial benefit for AOU as BHP looks for more nickel supply.

AOU has identified several high-priority areas at Nepean, and a 3,500 metre reverse-circulation (RC) drill programme has already yielded some extremely promising results including 3 metres at 3.7% nickel, including 2 metres at 5.1% nickel, as well as one metre at 5.6% nickel.

With plenty more drilling results to filter through in the coming weeks, there are plenty of catalysts investors can look forward to.

Looking beyond this drilling program, AOU expects to complete a resource estimate by year-end, enabling it to fast track Nepean to production




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
macdtrader
post Posted: May 6 2021, 06:15 PM
  Quote Post


Posts: 265
Thanks: 19


In Reply To: macdtrader's post @ May 6 2021, 06:09 PM

Diamond rig could be at target depth by Tuesday.
Could go into a halt based on visuals.
Place your bets......

 
macdtrader
post Posted: May 6 2021, 06:09 PM
  Quote Post


Posts: 265
Thanks: 19


In Reply To: macdtrader's post @ May 3 2021, 03:20 PM

https://wise-owl.com/commentaries/aou-is-dr...m_medium=social

Coming around the bend

 
macdtrader
post Posted: May 3 2021, 03:20 PM
  Quote Post


Posts: 265
Thanks: 19


In Reply To: Danville's post @ May 3 2021, 12:09 PM

https://twitter.com/GlenGoulds/status/13890...069632254857217


Said 'Thanks' for this post: nipper  
 
Danville
post Posted: May 3 2021, 12:09 PM
  Quote Post


Posts: 3,399
Thanks: 199


In Reply To: nipper's post @ Apr 28 2021, 05:28 PM

Didn't get a very good entry on this, but everything sure looks great regarding their discoveries so far. Gonna just let it sit and forget about it

 


nipper
post Posted: Apr 28 2021, 05:28 PM
  Quote Post


Posts: 8,937
Thanks: 2740


In Reply To: macdtrader's post @ Apr 28 2021, 04:07 PM

NICKEL SULPHIDE MINERALISATION INTERSECTED ALONG STRIKE AT NEPEAN

Highlights
QUOTE
Nickel sulphide mineralisation hosted by a thick fertile ultramafic unit intersected along strike from the historic Nepean nickel mine
Several thick zones of elevated nickel (>0.3%Ni) and logged disseminated nickel sulphides were intersected within the ultramafic rocks in close proximity to the footwall contact with the underlying basalt unit, which is typical of Kambalda-style nickel sulphide deposits
Down Hole Electromagnetic surveys have identified several anomalous conductors coincident with the elevated nickel intersections, providing discrete high-priority drill targets
Next phase of drilling to test these targets is scheduled to commence in early May
High-powered ground Moving Loop Electromagnetic survey has commenced at Nepean over most prospective areas of the 10km of potential strike




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: macdtrader  
 
macdtrader
post Posted: Apr 28 2021, 04:07 PM
  Quote Post


Posts: 265
Thanks: 19


In Reply To: macdtrader's post @ Apr 27 2021, 08:29 PM

Gift buying this morning.
Now sit back and enjoy the ride.
Major catalysts incoming.

 
macdtrader
post Posted: Apr 27 2021, 08:29 PM
  Quote Post


Posts: 265
Thanks: 19


In Reply To: macdtrader's post @ Apr 19 2021, 10:51 PM

https://www.miningnews.net/resourcestocks/r...foW1DC8.twitter

AOU wont sit here at 20c for long.
Happy to add anything under 20 if the stupidity continues.

 
macdtrader
post Posted: Apr 27 2021, 08:29 PM
  Quote Post


Posts: 265
Thanks: 19


In Reply To: macdtrader's post @ Apr 19 2021, 10:51 PM

https://www.miningnews.net/resourcestocks/r...foW1DC8.twitter

AOU wont sit here at 20c for long.
Happy to add anything under 20 if the stupidity continues.

 
 


3 Pages (Click to Jump) V   1 2 3 >

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING