Exploring Nigeria: Orosur’s Lithium Endeavour
Orosur Mining, a prominent exploration company listed on TSX-V and Aim, with operations in Colombia, Argentina, and Brazil, has recently revealed a significant joint venture with Nigerian firm Jurassic Mines. The collaboration aims to explore multiple licenses in Nigeria, with a specific focus on identifying lithium mineralization opportunities.
Before this joint venture, Orosur Mining had been actively seeking entry points into the lithium market, particularly in South America. However, the company found limited viable opportunities in this region, leading to a shift in focus towards the African continent.
According to Orosur, Nigeria has emerged as a hotbed for potential lithium discoveries, attracting significant interest and investment in the process. The company’s CEO, Brad George, emphasized the importance of geological understanding and low-entry cost strategies in their exploration endeavors.
The move into Nigeria represents a significant expansion for Orosur, which has traditionally operated in South America. Orosur’s subsidiary, Lithium West, will play a pivotal role in the joint venture, with plans to secure up to a 70% interest in the Nigerian licenses over two distinct phases.
Key figures within the company have expressed confidence in the project’s success, citing their extensive experience and a strong local team in Nigeria. This sentiment was echoed by Orosur Mining’s CEO, Brad George, who highlighted the company’s parallel commitment to advancing its existing South American assets in conjunction with its newest African venture.
Orosur’s entry into Nigeria’s lithium market is supported by a dedicated team of geologists and state-of-the-art equipment, enabling them to commence field programs promptly. The initial focus will be on conducting preliminary reconnaissance, laying the foundation for future exploration activities.
In conclusion, Orosur Mining’s entry into Nigeria’s lithium landscape marks a strategic move to diversify its global portfolio and capitalize on emerging opportunities. As the company sets its sights on Nigerian lithium projects, it signals a promising chapter in Orosur’s exploration endeavors and underscores its commitment to sustainable growth and innovation.
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