Electra Battery Materials Corp. V.ELBM

Fairfax note -

[bigchris33]

From Fairfax today -

https://www.proactiveinvestors.co.uk/columns/fairfax/3110/fairfax-market-report-including-african-aura-medusa-mining-african-barrick-gold-xstrata-and-others-3110.html

"African Aura (LSE:AAAM) – Drilling underway at Nkout
• Initial resource definition programme now underway at Nkout iron oretarget in Cameroon where the company is intending to complete 4,200m ofdrilling.
• Nkout is defined by an 8km long geophysical target, with a further12km of iron ore targets identified around Nkout. Grab sampling hasreturned grades up to 68% Fe and averaging 55% Fe.
• The deposit sits in an emerging iron ore province with the 2.5bntonne Mbalam deposit 150km southeast and sits close to the proposedrail route to port that will service the Mblalam deposit beingdeveloped by Sundance.
• African Aura already has a 38.5% stake in the Putu iron ore projectbeing developed in Liberia with Severstal and 1.2moz resource at itsLiberty gold project in Liberia.
• Current exploration work is fully financed following an £11.3m fundraise completed in April with US$3.8m of this budgeted for expenditureon Nkout to deliver a maiden resource.
Conclusion: African Aura has a number of exciting assets in theportfolio that individually hold considerable value potential. We lookforward to drilling results from Nkout that could lead to a maiden ironore resource that due to its geographical location could holdconsiderable strategic value. In addition, the potential at the otherprojects in the portfolio should continue to add value."