Drilling Commences At Kangaroo Hills Lithium Project

Auroch Minerals Limited (ASX: AOU) (Auroch or the Company) is pleased to announce Reverse Circulation (RC) drilling has commenced targeting lithium pegmatites at the Kangaroo Hills Lithium Project (KHLP) in Western Australia (WA) (Auroch Minerals 80%, Lodestar Minerals Ltd 20%).

Highlights

• 3000m Reverse Circulation (RC) drilling programme commences at high priority targets at Kangaroo Hills Lithium Project
• Drilling to target 2.37% Li₂O outcropping pegmatite and test strike continuation of mineralised intercept (6m @ 1.38% Li2O from 198m, including 2m @ 3.26% Li2O from 198m (NPRC084)¹
  
• Three targets identified for phase 1 drilling testing a strike length of 1.5km

Drilling is expected to be concluded in three to four weeks. All pegmatite intercepts will be submitted for assay and the company will also evaluate the Nickel sulphide potential of all intercepted komatiite ultra mafics.

Auroch Technical Director Robin Cox commented:

“We are excited to hit the ground running early in the new year with drilling at Kangaroo Hills Lithium Project. The mapping and sampling completed in late 2022 has successfully defined high priority targets! The Goldfields region is well known for its high grade, high tonnage Li deposits and the KHLP is showing early encouraging signs. The company has an ambitious exploration strategy to test lithium potential of both Kangaroo Hills and Nevada in Q1 2023 and we are on track to meet that goal!”

About Kangaroo Hills Lithium Project

The KHLP was discovered during exploration drilling in late 2022. The project forms part of the larger Nepean Nickel Project operated by Auroch in joint venture with Lodestar Minerals (ASX: LSR). The project is located in the lithium endowed Goldfields of Western Australia and is only 17km south of the township of Coolgardie as shown in figure 1. The project is well serviced with sealed bitumen roads leading directly to the tenure and only a fifty minute drive to the mining services of Kalgoorlie. The discovery of Li mineralisation and strongly fractionated pegmatites is significant given the projects proximity (~30km) to the large Li deposit and active mining operation of Mt Marion (60.5Mt @ 1.36% Li₂O, Mineral Resources Ltd). Auroch aims to explore the project for hard rock Lithium-Caesium- Tantalum (LCT) pegmatites with an aggressive exploration strategy in 2023.

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