AOU working systematically and should have a very good picture forming of where to drill next, two interesting prospects unfolding simultaneously
ARDEN
The encouraging results will be followed up with geological mapping and more systematic sampling in the coming months, working towards the next phase of drilling proposed for Q2
TORRENS EAST COPPER PROJECT
The Company continues to collate and interpret all of the historic geological and geophysical data relating to its Torrens East Copper Project. The project comprises two large exploration licence applications (ELAs) covering a combined area of 1,622km2 in the Lake Torrens region of South Australia and is considered highly-prospective for IOCG (Iron Oxide – Copper – Gold ) mineralisation. The large ELAs are situated adjacent to the Torrens JV (70% Aeris Resources Ltd; 30% Argonaut Resources NL) and cover a portion of the same large gravity anomaly that the JV is currently drilling.
Keep an eye out on the Torrens JV and their current drill program!
AOU Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held