3 New Exploration Licences Acquired in 2023:

Balogun (EL-042065) in Kwara state and Esa Oke (EL-041184 & EL-042215) between Osun and Ekiti states. Together covering 149km2 of Au-Li prospective ground.

Directly Adjacent with Nigeria’s Only Au Mine

The Esa Oke project is directly contiguous and along strike with Thor’s Segilola Mine – 532,000 oz Au (MRE) @ 4.5 g/t. Thor also hold extensive exploration ground within the area.

Positioned in Prospective Geology

Both projects are within regionally recognized structural zones and near active artisanal mining activity for Au and a new artisanal Li industry.

An Emerging Li Frontier

A fast-evolving artisanal production of hand-sorted, high-grade, lithium spodumene and lepidolite is active in the region. Aside from Aurelia and Thor, no other international explorers are active in the area.

Close to Major Infrastructure

Good road access to all licences and each is less than 20km away from a major town. Lagos port is only ~220km SW.