Auroch Minerals

Auroch Minerals Limited

ASX:AOU

Last Price:

$0.060

Our Investment Summary

Date of
Initial Coverage

24-Mar-21

Initial
Entry Price

$0.250

Returns from
Initial Entry

-76%




Investor Presentation

More high grade nickel intercepted from infill drilling program

ASX:AOU Mar 09, 2022


Earlier in the week AOU announced another batch of assays from its 2,667m drilling program at its Saints nickel project.

The stand out assays from todays announcement were as follows:

  • 2.13m @ 3.26% Nickel from 167.99m
  • 4.79m @ 2.05% Nickel from 311.98m

Both high grade intercepts, but this came as a result of the drilling program being made up mostly of infill drilling. The purpose of the drilling program is more so for AOU to be able to conduct metallurgical testing which will form the basis for a scoping study being planned.

With the nickel price temporarily hitting US$100,000/tonne overnight, we expect that the scoping study that AOU is putting together will show some really favourable project economics.


Massive nickel sulphides at the Saints nickel project

ASX:AOU Feb 24, 2022


On Thursday AOU announced that it had made two massive sulphide intersections at its Saints nickel project.

The 7 hole diamond drilling program is mostly being done so that ARN can upgrade its 1.02mt @2% nickel JORC resource. The drilling is mostly infill so the intersection of massive sulphides was somewhat expected by the market.

We are more interested in the grades of the intercepts as opposed to the massive sulphide intercepts themselves, if the drilling was targeting a new discovery then we suspect the market would have reacted a lot differently.

With 3.01m in massive sulphides intersected in one hole and 0.84m in another, all eyes are now on the nickel grades that come back from the drilling program, before AOU can try upgrading the JORC resource.