Orosur Mining Inc Reports Promising Lithium Findings in Nigeria

Orosur Mining Inc., a United Kingdom-based mining company, has recently announced encouraging initial findings from their Lithium West Joint Venture in Nigeria. The company’s exploration teams have conducted mapping and sampling, revealing abundant pegmatites with lithium oxide (LiO2) levels exceeding 2%. This marks a significant advancement in the company’s efforts to expand its land position in key lithium districts to 533km2.

In October 2023, Orosur Mining Inc. established a Joint Venture with Nigerian company Jurassic Mines Ltd, allowing Orosur to potentially earn up to 70% equity in the project by investing US$5m over 5 years in two phases. The first phase involves earning 51% equity by spending US$3m over three years, followed by an additional 19% equity in the second phase by spending US$2m over two years.

The exploration teams quickly initiated their preliminary reconnaissance mapping and sampling on the westernmost Exploration Licence EL 43953. The primary objective was to confirm the regional interpretation and prospectivity assessment, and to take samples for assay in order to plan further work. While XRF and LIBS analysis were used for assessing lithium content, the company emphasized that they are not as precise as laboratory chemical assay but are a cost-effective and sufficiently accurate alternative due to the absence of a certified geochemical laboratory in Nigeria.

The geological mapping revealed numerous lithium-bearing pegmatites across substantial strike lengths, indicating high levels of fractionation. The pegmatite samples returned high levels of lithium, with some exceeding 2% LiO2, further highlighting the area’s potential for lithium mining. As the crews continue their work on the other licences encompassed in the JV, more results are expected in the coming weeks.

In addition to the first exploration licence, two additional licences have been confirmed, increasing the total area of prospective land under the JV to 533km2. These new licences are included within the original terms of the JV agreement, requiring no additional expenditure from Orosur Mining Inc.

Orosur’s CEO, Brad George, expressed his excitement about the findings, stating, “These outstanding results from our first field program in Nigeria are exciting but not surprising. We pegged these licences with a very clear understanding of the geological processes in play and so we expected to find lithium. To then confirm this confidence and to find so many lithium bearing pegmatites, some extremely thick, is very positive and bodes well for work on the next 5 licences that is underway now.”

Moving forward, the company aims to continue assessing new licences and opportunities, with hopes of further expanding its land position in the medium term.

For more information about Orosur Mining Inc., you can visit their website at www.orosur.ca or follow them on Twitter @orosurm. Additionally, you can contact them directly via email at [email protected] or by phone at +1 (778) 373-0100.

The information contained in this announcement has been deemed inside information by the company and has been verified by Mr. Brad George, CEO of Orosur Mining Inc. As a Qualified Person, Mr. George is a member of the Australian Institute of Geoscientists and has ensured that the information provided meets international reporting standards.

It is evident that Orosur Mining Inc. is making significant strides in the exploration and development of lithium mining projects, and their recent findings in Nigeria are a testament to their commitment to identifying and advancing projects in diverse mineral-rich regions. With their promising results and ongoing efforts, Orosur’s future in the mining industry looks promising.