Aeramentum Resources Limited has been formed primarily to acquire, explore and develop the Company’s initial investment, the Treasure Project, in the Republic of Cyprus, European Union.
Cyprus historically was a major producer of copper. The Treasure Project includes numerous occurrences of high-grade nickel, copper, gold and cobalt in sulphides associated with a major transform fault. There is also evidence of past mining activity with multiple underground adits and shafts.
Exploration by the Company has been underway since October 2021 assessing historic mining areas and new exploration projects and continues to uncover new potential drill targets across the license areas. The Company is now ready to commence drilling with a view to establishing JORC resources, subject to funding from the IPO.
It is anticipated that AEN will list on the ASX during July 2022.
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