Orosur Mining, listed on the TSX-V and Aim, shared an exploration update for its Lithium West joint venture (JV) in Nigeria.
Initial findings from mapping and sampling activities on the first license reveal extensive pegmatites displaying lithium oxide levels exceeding 2%.
The company has secured two additional licenses, broadening its stake in vital lithium districts to cover an area of 533 km2. These new licenses fall within the original JV agreement terms, requiring no extra expenditure.
CEO Brad George expressed enthusiasm about the promising results, affirming their anticipation of discovering lithium due to their understanding of geological processes.
The identification of numerous lithium-bearing pegmatites, some notably thick, in the first phase encourages further exploration across the additional five licenses.
In an agreement with Nigerian firm Jurassic Mines, Orosur established the JV with the potential to earn up to 70% equity by investing $5 million over five years through its UK subsidiary, Lithium West.
Initial exploration focused on the westernmost license (EL 43953), swiftly revealing promising geological formations hosting lithium-rich pegmatites aligned with regional structures.
This preliminary work validated the area’s potential, indicating prospects for substantial lithium presence.
Subsequent mapping on other licenses has commenced, with results expected soon. The company plans soil sampling programs, particularly for EL 43953, following assessments of the remaining licenses.
Orosur remains optimistic about further prospects and is primed to expand its exploration endeavors in the region.
