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Corporate Spotlight

Drilling is underway at AOU’s recently acquired Saints Nickel Project, located in WA’s nickel-rich Wiluna-Norseman Greenstone belt, 65km NW of Kalgoorlie. With a combined nickel inventory of >29,000t contained nickel, AOU offers investors exposure to nickel exploration in a quality region
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Interview with Aidan Platel, MD Auroch Minerals

EXPLORATION PROGRAMME

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2020 EXPLORATION PROGRAMME COMMENCES AT SAINTS

ASX Announcement 8 January 2020 


Highlights 

  • Down-hole electromagnetic (DHEM) surveying and modelling has been completed for all drill-holes in maiden drilling programme, highlighting strong conductors to be tested in next drilling campaign 
  • High-grade blebby nickel sulphide mineralisation intersected by SNDD007 outside of the existing resources, to the south of both Saint Andrews and the Western Contact: 
    • SNDD007: 6.87m @ 0.77% Ni and 0.02% Cu from 145.00m down-hole, 
    • including 1.87m @ 1.47% Ni and 0.03% Cu 
  • Modelling of results and geology is ongoing, with whole-hole multi-element assaying underway 
  • Work permit for proposed air-core programme has been granted, with drill-hole planning underway 
  • Major diamond drilling programme planned to commence this quarter targeting main channel nickel sulphide mineralisation


Auroch Minerals Limited (ASX:AOU) (Auroch or Company) is pleased to announce it has commenced its 2020 exploration programme at its Saints Nickel Project (Saints), located approximately 65km northwest of Kalgoorlie and 7km east of the Goldfields Highway. 


DHEM modelling has now been completed for all 11 diamond drill-holes completed at Saints last year. Strong to very strong conductive plates have been modelled for the majority of the drill-holes. Several of these strong off-hole DHEM conductors have not been tested by any drilling and hence provide excellent drill targets for the next phase of diamond drilling, planned to commence later this quarter.


Further assay results have been received for drill-holes SNDD007 and SNDD008, which were drilled to test possible extensions to the south of the known mineralisation at Saint Andrews and the Western Contact.


SNDD007 returned encouraging results of 6.87m @ 0.77% Ni and 0.02% Cu from 145.00m down-hole, including 1.87m @ 1.47% Ni and 0.03% Cu (see Table 2 for a full list of significant intersections). The interval contained blebby nickel sulphide mineralisation throughout, which is often observed stratigraphically above massive sulphide mineralisation, and terminated in 1.53m of core loss, and hence remains a very interesting zone that needs to be tested further.


Assays are pending for the remaining three drill-holes SNDD009 to SNDD011.


Auroch Managing Director Aidan Platel commented: 

“We are extremely pleased with the results from our maiden drilling programme at the Saints Nickel Project. We have confirmed high-grade nickeliferous massive sulphides over significant widths, particularly at Saint Patricks. We have also intersected high-grade nickel sulphide mineralisation outside of the limits of the existing nickel resources at Saint Andrews, Saint Patricks and the Western Contact, adding to the strike of the known mineralisation. The results from SNDD007 have added further to the strike, and opened up the potential of further nickel sulphide mineralisation to the south of the existing resources. 


Furthermore, the DHEM surveys from our initial drilling programme have provided us with several strong conductor plates that require follow-up drill-testing. 


We are currently modelling all of the new geological information provided by the drilling, in order to plan a major diamond drilling campaign that will aim to target the main “feeder channel” nickel sulphide mineralisation. We are assaying the entire drill-holes for multi-element data to use to vector in on the possible channel position. 


We also plan to initiate an air-core drilling programme, necessary to increase confidence in the geology and stratigraphy at Saints, which again is extremely important for targeting possible massive nickel sulphide channel mineralisation. We have been granted the work permit for the air-core programme and will commence shortly. 


We will continue to update our geological model as new data is received, which along with the DHEM models and other geophysical data, will provide the basis for a major diamond drilling programme to commence later this quarter, aimed at materially increase the existing nickel sulphide resource estimate at Saints.” 


In addition to the planned drilling programmes at Saints, the Company plans to initiate a drilling programme this quarter at its Leinster Nickel Project (Leinster) to test the Valdez Target, a large EM anomaly coincident with nickeliferous ultramafics along strike from the Waterloo Nickel deposit. A work permit (PoW) application for this programme has been submitted to the Department of Mines, Industry Regulations and Safety (DMIRS) and is currently under assessment.


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MORE HIGH GRADE NICKEL

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MORE HIGH GRADE NICKEL INTERSECTED AT SAINTS 

ASX Announcement 14 November 201


Highlights 

  • Assay results received for the first six drill-holes at Saints confirm high-grade nickel sulphide mineralisation, including: 
    • SNDD006: 2.22m @ 4.84% Ni, 0.34% Cu and 0.15% Co from 110.68m down-hole, including 0.90m @ 6.01% Ni, 0.31% Cu and 0.16% Co 
    • SNDD005: 1.77m @ 6.72% Ni, 0.27% Cu and 0.13% Co from 227.31m down-hole, including 0.50m @ 9.98% Ni, 0.24% Cu and 0.20% Co1 
    • SNDD002: 3.31m @ 1.05% Ni, 0.06% Cu and 0.03% Co from 219.90m down-hole, including 1.70m @ 1.48% Ni, 0.10% Cu and 0.05% Co 
  • High-grade semi-massive to massive nickel sulphide mineralisation intersected outside of the existing resources, extending the strike of both Saint Patricks and the Western Contact 
  • Very strong conductors identified by ALL down-hole electromagnetic (DHEM) surveys completed for first six drill-holes 
  • Drilling programme ongoing, with two drill-holes left to complete 
  • Independent nickel sulphide expert Grant “Rocky” Osborne (Rocky’s Reward) assisting the Auroch team with the geological logging and modelling at Saints


Auroch Minerals Limited (ASX:AOU) (Auroch or Company) is very pleased to announce the assay results of the first six drill-holes from its maiden drilling programme at its recently-acquired Saints Nickel Project (Saints), located approximately 65km northwest of Kalgoorlie and 7km east of the Goldfields Highway.


Results from semi-massive to massive sulphide mineralisation intersected in several of the diamond drillholes returned extremely high-grade nickel, particularly at the Saint Patricks target area.


SNDD006 returned excellent high-grade results of 2.22m @ 4.84% Ni, 0.34% Cu and 0.15% Co from 110.68m down-hole, including 0.90m @ 6.01% Ni, 0.31% Cu and 0.16% Co (Photo 1).


These results followed on from the extremely high-grade result recently announced for drill-hole SNDD005 of 1.77m @ 6.72% Ni, 0.27% Cu and 0.13% Co from 227.31m down-hole, including 0.50m @ 9.98% Ni, 0.24% Cu and 0.20% Co 1 (Photos 2 and 3). 


Drill-hole SNDD003 targeted a DHEM target to the north of the existing nickel sulphide mineralisation at Saint Patricks and intersected 1.87m @ 1.09% Ni, 0.08% Cu and 0.04% Co from 92.00m down-hole, including 0.47m @ 2.74% Ni, 0.26% Cu and 0.08% Co. The result adds approximately 30m to the strike of known nickel sulphide mineralisation at Saint Patricks (Figure 1), and remains open to the north.


Similarly, drill-hole SNDD002 targeted a DHEM plate down-plunge of the existing nickel sulphide mineralisation at the Western Contact (Figure 2) and intersected 3.31m @ 1.05% Ni, 0.06% Cu and 0.03% Co from 219.90m down-hole, including 1.70m @ 1.48% Ni, 0.10% Cu and 0.05% Co, approximately 40m further down-plunge from the limit of the existing nickel sulphide resource (see Table 2 for a full list of significant intersections).


Auroch Managing Director Aidan Platel commented: 

“We are extremely pleased with the results from the first six drill-holes of our maiden drilling programme at the Saints Nickel Project. We have confirmed extremely high-grade nickeliferous massive sulphides over significant widths, particularly at Saint Patricks. We have also intersected high-grade nickel sulphide mineralisation outside of the limits of the existing nickel resource at both Saint Patricks and the Western Contact, adding to the strike of the known mineralisation.


Importantly, the results have shown that strong DHEM conductors are consistently coincident with semimassive and massive nickel sulphide mineralisation, thus confirming DHEM as an excellent exploration tool at Saints. The DHEM surveys from the first six drill-holes have all provided us with several strong conductor plates that require follow-up drill-testing. 


This initial drilling programme was designed to confirm the existing nickel sulphide mineralisation and to develop new targets for a more extensive drilling programme early in 2020, and the first results have shown that we have successfully achieved this.


The drilling is ongoing with two holes (SNDD010 and SNDD011) left to complete, after which we will undertake DHEM surveys on the remaining drill-holes that were not yet surveyed. We also have assay results pending from drill-hole SNDD007 onwards, all of which will be announced to the market as they are received.” 


In addition to the excellent assay results, the Company is also pleased to announce that the down-hole electromagnetic (DHEM) surveys completed for the first six holes of the current drilling programme all identified strong EM conductors. In several instances (e.g. SNDD005 and SNDD006) the modelled EM plates were coincident with known high-grade nickel sulphide mineralisation, confirming the effectiveness of the DHEM surveys as an exploration tool for further such mineralisation at Saints. In other drill-holes (e.g. SNDD001 and SNDD002) the DHEM surveys identified strong EM conductors in close proximity to the holes, providing excellent exploration targets that will be tested by the next phase of drilling to begin in early 2020. 


The Company has enlisted the services of renowned nickel sulphide expert Grant “Rocky” Osborne to assist the Auroch field team with the collation, interpretation and modelling of the new and historical geological and geophysical data at Saints. Rocky is credited with the discovery of the major Rocky’s Reward nickel sulphide mine, now part of BHP’s (ASX:BHP) Leinster Nickel Operations (LNO) near the Company’s Leinster Nickel Project in Leinster, WA. The data interpretation and modelling is a critical step in developing targets for the next phase of drilling, and Rocky’s expertise and knowledge will provide excellent support to Auroch’s geologists.


Click here to view the full announcement

HIGH GRADE NICKEL

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HIGH GRADE NICKEL CONFIRMED AT SAINTS 

ASX Announcement 28 October 2019 


Highlights 

  • Assay results for drill-hole SNDD005 confirm extremely high-grade nickel sulphide mineralisation: 
    • 1.77m @ 6.72% Ni, 0.27% Cu and 0.13% Co from 227.31m down-hole, including 
    • 0.50m @ 9.98% Ni, 0.24% Cu and 0.20% Co 
  • Very strong conductor identified by down-hole electromagnetic (DHEM) surveys of first two drillholes (SNDD001 and SNDD002) 
  • DHEM surveys have been completed for first seven drill-holes 
  • Drilling programme ongoing, with assays pending for first six drill-holes


Auroch Minerals Limited (ASX:AOU) (Auroch or Company) is very pleased to announce the first assay results from its maiden drilling programme at its recently-acquired Saints Nickel Project (Saints), located approximately 65km northwest of Kalgoorlie and 7km east of the Goldfields Highway.


Results from semi-massive to massive sulphide mineralisation in diamond drill-hole SNDD005 returned extremely high-grade nickel, with 1.77m @ 6.72% Ni, 0.27% Cu and 0.13% Co from 227.31m down-hole, including 0.50m @ 9.98% Ni, 0.24% Cu and 0.20% Co (see Photos 1 to 3). The drill-hole was infill drilling at the Saint Patricks target area aimed at confirming the continuity of the high-grade nickel sulphide mineralisation intersected in historic drill-holes drilled by WMC in the 1990’s(Figure 1). The intersection not only confirmed the existing mineralisation model, but the nickel grade exceeded all previous intersections.


The Company is also pleased to announce that down-hole electromagnetic (DHEM) surveys completed last week have identified a very strong EM conductor in close proximity to drill-holes SNDD001 and SNDD002 (Figure 2). The very high conductance (over 13,000S) is typical of that caused by significant massive sulphide mineralisation, and the proximity of the modelled EM plate to the known high-grade nickel mineralisation on the Western Contact increases the probability that such massive sulphides may be nickel-bearing.


Auroch Managing Director Aidan Platel commented: 

“We are very encouraged by the first assay results from our maiden drilling programme at the Saints Nickel Project. The extremely high grade of the nickeliferous massive sulphides intersected in drill-hole SNDD005 exceeded our expectations and highlight that we are in a very nickel-rich ultramafic system at Saints that is capable of hosting a major nickel sulphide deposit. The initial results from our DHEM surveys completed last week are also very encouraging, with a strong EM conductor on the Western Contact potentially representing extensions to the known high-grade nickel sulphide mineralisation, providing an exciting drill target that we will test as soon as practicable. With drilling ongoing, assay results for the first 6 holes pending, and further DHEM results to come, it is an exciting time for Auroch and the Saints Nickel Project.”


Earlier this week GEM Geophysics (GEM) completed DHEM surveys on all seven of the current programme’s drill-holes completed to-date at the Saints Nickel Project. Southern Geoscience Consultants (SGC) has completed processing and modelling the DHEM data from the first two drill-holes, with the remaining 5 drillholes to be modelled over the next week. DHEM is an extremely important tool for targeting potential massive nickel sulphide mineralisation, and hence the DHEM information gained from this programme will be instrumental in modelling drill targets for the next phase of drilling to begin in early 2020.


Zones of interest from the first six completed drill-holes have now been logged, sampled and sent to ALS for assaying. Results are expected in the coming weeks and will be released when they are received. The drilling programme continues to progress on-budget, with the rig currently drilling hole SNDD008 on the southern mining lease M29/246 (Figure 3). The remaining planned drill-holes of the current programme have been designed to test the footwall contact of the ultramafic unit – important for this style of nickel sulphide mineralisation – between the model resources at Saint Patricks and St Andrews, as well as further extensional drilling at the Western Contact. The programme is expected to be completed by the middle of November.


Photo 1 – 3: Massive pyrrhotite – pentlandite (nickel sulphide) – pyrite – chalcopyrite over 1.77m in drill-hole SNDD005 at Saint Patricks: 1.77m @ 6.72% Ni, 0.27% Cu and 0.13% Co from 227.31m down-hole 


Click here to view the full announcement 

QUARTERLY

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QUARTERLY ACTIVITIES REPORT 

For the period ending 30 September 2019 

ASX Announcement 24 October 2019 


Auroch Minerals Limited (ASX:AOU) (Auroch or the Company) is pleased to provide the following report on its activities during the September 2019 quarter. The Company’s primary focus during the reporting period was the completion of the acquisition of the Saints Nickel Project (Saints) and Leinster Nickel Project (Leinster), two high-grade nickel sulphide projects in Western Australia.


2019 Q3 - HIGHLIGHTS 

SAINTS AND LEINSTER NICKEL PROJECTS 

- Successful completion of the acquisition of the Saints and Leinster Nickel Projects 

- Maiden 3,000 diamond drilling programme commenced at the Saints Nickel Project 

- intersected 1.60m of semi-massive to massive sulphide mineralisation in diamond drillhole SNDD005 from 227.6m down-hole


DECEMBER QUARTER 2019 

PLANNED ACTIVITY 

- Completion of drilling programme currently underway at the Saints Nickel Project 

- Down-hole electromagnetic surveys (DHEM) will be completed on all drill-holes aiming to generate further near-resource targets for the next phase of drilling in early 2020 

- Initial reverse circulation (RC) drilling programme at the Leinster Nickel Project 


CORPORATE 

- Placement of 9,000,000 shares at $0.07 per share raising a total of A$630,000 (before costs) 

- Appointment of Mr Aidan Platel as Managing Director of Auroch 

- Appointment of Mr Chris Hansen and Mr Edward Mason to the Board as Non-executive Directors, replacing Mr. Adam Santa Maria who has stepped down as planned and Mr Ryan Gaffney who resigned from the Board 

- The Company remains well-funded with cash reserves of circa $1.63 million as at 30 September 2019


Click here to view the full announcement

INTERVIEW

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