Auroch Minerals (ASX: AOU) Permitting Approval Gives Green Light for Maiden Drilling Programme at
· Environmental approval (EPEPR) granted for planned drilling programme at the
· Drill programme of up to 2,500m of RC and diamond drilling will test highly-prospective zinc, lead, copper and cobalt targets
· Maiden drilling programme fully funded from strong balance sheet
· DDH1 Drilling has initiated mobilisation of drill rig to site
Cadence currently owns approximately 7% of the equity in Auroch Minerals, which is an exploration company targeting principally zinc, cobalt and lithium.
The full release can be found at: https://wlpdf.weblink.com.au/pdf/AOU/02002525.pdf
"We look forward to the first set of drilling results in the next few weeks."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale - upcoming supersized passenger vehicles, lorries and buses - require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over
Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.
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