AUR 0.00% 0.7¢ auris minerals limited

Ann: Commencement of Drilling at Wodger Prospect, page-25

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  1. 11,557 Posts.
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    I've been a shareholder for 7 years or so.

    I bought because of Doolgunna being so close to DeGrussa. The lure of a big rich copper discovery got me in.

    I am still waiting, but I my faith has not evaporated. We know that copper is there where AUR holds its tenements. In fact there have been 3 separate vms hits - in order of time, Orient, Wodger and Morcks Well East - so we know that the copper that is being sought in the basin has its genesis from that type of mineralising event. VMS deposits are usually rich. However, they are not large as a rule. The hope though ('expectation' is the word if you listen to Karl Sprogis) is that there will be many deposits to compensate for the lack of size, and ones that are not geographically very far from each other.

    The mined Bryah Basin copper discoveries have been (once again in time order) at Horseshoe Lights, DeGrussa (and conductors) and Monty. The next discovery one is not far away I reckon.

    While I wait, my love of copper continues unabated. It's a crucial and versatile metal used all over the world. Recent electric vehicle construction has added another practical use, but there are many others, and probably new ones yet to be found.

    RioTinto has just released a Presentation about its copper and the world scene. It's well worth a read. Here is the link. http://www.riotinto.com/documents/181002_Arnaud_Soirat_US_roadshow.pdf.

    All we need is a discovery. We are looking for the right mineral.
 
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