Karibib Lithium Prospect

Operator : Auroch Minerals ltd

Ownership: 7.7% interest

Location

Karibib – Namibia

Development Stage:

Early Exploration

Background

The Karibib Lithium Project is owned by Auroch Minerals Limited. The Karibib Lithium Project is situated in the same region as Namibia’s two historic lithium producing mines, Helikon and Rubikon which produced 90% of Namibia’s previous lithium.

The Karibib Lithium Project consists of five existing Exclusive Prospecting Licenses (EPLs) in the region and recently announced an Option and JV agreement to earn up to 90% of granted EPL 5751, which lies South West of Helikon and Rubikon. In addition five EPLs in the Erongo region of Namibia have been applied which expands the potential to identify a commercial lithium resource.

The EPLs are distinguished by the presence of significant historic lithium production within the geological terrain and include untested pegmatites with strongly fractionated geochemistry indicative of potential lithium tantalum mineralisation.

The Karibib area has seen little modern exploration and almost no drilling of the many lithium known occurrences.