Post by
paco01 on Jan 26, 2024 9:54am
Thor and now Orosur Nigerian lithium exploration
Thor's lithium exploration in Nigeria is hotting up with Orosur now involved. .
31/5/23. Thor announced formation Of Nigeria focused lithium subsidiary with acquisition of over 600km2 of prospective lithium pegmatite exploration tenure. Since then exploration has started and some early drilling results have been announced confirming the existence of high grade lithium viz.
Significant drill intersections to date include 11m grading 1.53% lithium oxide (“Li2O”), 9m grading 2.42% Li2O and 11m grading 2.61% Li2O.
16/10/23. Orosur announced a lithium JV in Nigeria. Initially 4 licences were announced but subsequently two additional licences have now been confirmed, taking the total area of prospective land under title to 533km2, representing one of the most dominant land positions in Nigeria.
Orosur is to spend $3 million over 3 years on exploration to earn 51% then 70%. Exploration commenced immediately on one of the licences.
Mapped pegmatite systems were noted over substantial strike lengths of several km's and of varying widths from sub-metre to over 30m in one massive example. Numerous pegmatite samples returned high levels of lithium, with several over 2% Li2O.
Orosur CEO Brad George commented: "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."