Auroch Minerals Managing Director Aiden Platel: Exploring Resources in Western Australia

Auroch Minerals (ASX:AOU) Managing Director Aiden Platel discussed the company’s recent success at the Saints nickel project, where two drill holes intercepted significant nickel sulphide deposits.

He also talked about the company's recent aim to upgrade the current Saints nickel project mineral resource, which is currently 1.02 million metric tonnes (MT) at 2 percent nickel, for a total of 21,400 MT of contained nickel.

The company has six projects in total, with three located in Southern Australia that focus on zinc and copper, and three in Western Australia that focus on nickel.

Auroch Minerals’ Leinster, Saints and Nepean projects are in the Norseman-Wiluna Greenstone Belt, a tier one jurisdiction that holds some of the best nickel sulphide deposits in the world. ”We believe we're sitting on 40,000 to 50,000 MT of nickel across three projects,” Platel told the Investing News Network.

“Our three key focus projects are the high-grade nickel sulphide projects in Western Australia," Platel said. "We do have the high-grade resource of over 21,000 MT of contained nickel at an average grade of 2 percent. So far this year, we’ve had some fantastic results already, drilling holes outside that existing resource, leading us to expect a resource upgrade."

Western Australia is poised to increase its global market share in the battery market, which is forecast to increase to US$150 billion by 2030. According to Auroch Minerals, high-grade nickel projects are rare in tier one jurisdictions such as the Australian state. Platel said, “I think it’s a globally unique offering that we have here in Western Australia. It’s certainly home to some very large, high-grade nickel sulphide deposits — some of those are directly along strike from our projects.”

Regarding Auroch Minerals’ place in the market, Platel noted, “Once we publish this scoping study with our (net present value) numbers, we can show the market that we really are undervalued on existing resources. Forecasts point to insufficient supply and increased nickel demand, which is a good position for us.”

He noted that the company is currently in a strong financial position, possessing approximately AU$7 million, a sufficient amount to further projects during 2022. Platel commented, “Historically, a discovery of nickel sulphides was a way to take your share price to the next level — so we really are working hard.”

Watch the full interview of Auroch Minerals Managing Director Aidan Platel above.

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