Auroch Minerals - AOU(ASX) News & Expert Insights from Stockhead

Auroch has been systematically exploring the highly prospective Nepean, Saints & Leinster Nickel Projects

Auroch’s new high-grade nickel projects are rare in tier-1 jurisdictions. Auroch’s Saint’s Nickel Project combines both a historical high-grade resource and recent high-grade drilling results which provide an exciting platform to grow the Company’s high-grade nickel resource.

SAINTS RESOURCE AND KEY RESULTS

JORC 2012 Mineral Resources estimate: 1.05Mt @ 2.0% Ni and 0.2% Cu for 21,400 tonnes of contained nickel and 1,600 tonnes of contained copper.

October 2019 drilling results: 1.77m @ 6.72%Ni, 0.27% Cu, including 0.50m @ 9.98% Ni, 0.24% Cu.

Historical drilling results: 30.95m @ 1.66% Ni & 0.16% Cu, including 10.50m @ 2.30% Ni & 0.25% Cu

KEY PEOPLE

Aidan Platel | Managing Director

Mr Platel is a geologist with over 20 years’ experience in the minerals industry, in both mining and exploration roles across a wide range of commodities. Recently, Mr Platel has worked as an independent strategic consultant focusing on project evaluation, prior to which he spent 12 years in South America in mining and exploration. He has a proven track record of exploration success having discovered and developed several major deposits including the world-class Santa Rita Nickel deposit (>1Mt contained Ni metal).

Edward Mason | Non-Executive Chairman

Mr Mason has more than twenty years’ experience working for global investment banks such as Bank of America Merrill Lynch, HSBC, Renaissance Capital and more recently, Royal Bank of Canada in senior leadership roles focused on the natural resources sector and spanning equities, derivatives and capital markets. Prior to this Mr Mason worked for over five years as a technical project manager for Fluor Corp on the development of nickel and copper assets near Auroch’s existing operations, including the development of the Murrin Murrin nickel mine in Western Australia and the Olympic Dam copper expansion project in South Australia.

Rebecca Moylan | Chief Financial Officer

Ms Moylan is an experienced CFO with expertise in financial and corporate management, accounting, project financing and contract negotiation. During her career in the mining industry, she has spent
nearly 10 years in various senior roles. This has included positions as CFO and Company Secretary of several ASX-listed companies.