Orosur Mining in a Plan to Explore Lithium Deposits in Nigeria
Orosur Mining Inc., a well-respected minerals explorer and developer, has recently announced its entry into the Nigerian lithium space. The company has entered into a joint venture agreement to explore a number of exploration licenses across Nigeria, which they believe to be highly promising for lithium mineralization. This strategic move aims to diversify Orosur’s exploration portfolio and secure valuable mineral exploration opportunities in key jurisdictions.
Nigeria’s Emerging Potential
Nigeria has rapidly emerged as one of the most promising regions in Africa for the discovery of lithium pegmatite mineralization, attracting significant interest and activity in exploration and mining. Leveraging their extensive operating experience and high-level relationships in Nigeria, Orosur’s executive team has strategically positioned the company to capitalize on this burgeoning opportunity by securing substantial land positions in Nigeria’s prime lithium pegmatite districts.
The Exploration Project
Orosur has formed a joint venture with Nigerian company Jurassic Mines Ltd through a new 100% owned UK subsidiary, Lithium West Limited. This allows Orosur to earn up to 70% equity in the project through two phases of investment, with an initial phase of spending US$3m over three years to earn 51% equity and a subsequent phase of spending an additional US$2m over two years to earn an additional 19% equity.
The project covers four exploration licenses across Nigeria’s primary pegmatite belt, totaling approximately 322km2. Additionally, other prospective areas are being examined for potential inclusion in the project. These strategic moves have been carefully made due to their location within the major lithostructural corridors known to control lithium pegmatite mineralization in the region.
Nigeria’s Geological Potential
Nigeria has long had substantial potential for pegmatite mineralization, particularly for metals such as Niobium and Tantalum. Recent geoscience mapping projects by the Nigerian Ministry of Mines and Steel Development have indicated significant lithium pegmatite potential, especially in the southern regions, attracting a surge in modern exploration.
Orosur’s Strategy
Orosur has been aiming to enter the lithium space for several years, initially focusing on Andean brines and Brazilian pegmatites. With the South American regions becoming increasingly competitive and costly, the company turned its attention towards Nigeria. Leveraging the extensive in-country experience of its executive team, Orosur strategically aligned itself with a highly experienced local exploration consultancy and partnered with Jurassic Mines Ltd to secure vacant ground specifically for this joint venture.
Exciting Times Ahead
Orosur’s entry into the Nigerian lithium space marks an exciting new chapter for the company’s global exploration and development endeavors. With a dedicated team of experienced geologists and substantial infrastructure in place, the company is well-positioned to commence its exploration programs immediately. This important step aligns with the company’s strategy of securing high-quality mineral exploration opportunities in key jurisdictions, further enhancing its diversified portfolio of high-quality exploration assets.
In summary, Orosur’s move into the Nigerian lithium market is a strategic decision backed by thorough research, geological understanding, and valuable partnerships. As the company progresses with its exploration efforts in Nigeria, it will continue to advance its existing projects in Colombia, Argentina, and Brazil, further solidifying its position as a leading minerals explorer and developer.
For further information, interested parties can visit www.orosur.ca or follow Orosur on Twitter @orosurm. Additionally, established communication channels with the company’s key personnel are available for those seeking additional details about their ventures.
