COMPANY OVERVIEW

Aeramentum Resources Limited (ASX: AEN) was formed in 2021 to acquire the Treasure Project, located in the Republic of Cyprus, European Union. The Company owns 100% of six tenements, with 1 tenement application, prospective for nickel, copper, gold, and cobalt across over 35km of string length (VMS style deposits). The project was acquired from Caerus Mineral Resources PLC (LSE: CMRS) for £300,000 and 1.8m shares at the proposed IPO price of $0.20.

The project suite contains up to 1.5km of historical adits with average grades at Laxia where sampled of 3.4% Cu and intervals including 8m at 11.2% Cu, 4m at 16.8% Cu, and at Pevkos 14m at 3.5% Ni and 2m at 5.25% Ni and 2.0% Co. 

2013 to 2014 18-hole drill program recorded several high-grade intercepts including 2m @ 3.0% Ni, 3.0g/t Au, 0.15% Co; 2.6m @ 4.2g/t Au, 1.7% Cu; 4.2m @ 1.7% Cu, 1.2g/t Au, 0.15% Co from shallow depths.

PROPOSED TRANSACTION

Aeramentum Resources Limited is seeking to issue a minimum of 25,000,000 Shares and a maximum of 35,000,000 Shares to be issued at a price of $0.20 per Share to raise a minimum of $5,000,000 and a maximum of $7,000,000 via the Initial Public Offering. 

INVESTMENT HIGHLIGHT

• 100% owned, high grade VMS project in Republic of Cyprus, EU.
• Cobalt rich deposits, cobalt up 60% since asset acquired mid-2021.
• Geologically similar to Ural Mountains (Russian Ni-Co-Au) and Bou Azzer (Moroccan Ni-Co-Au). 
• Mineralisation defined from surface to over 200m depth (open) at Laxia Prospect.
• Grades up to 3.0% cobalt, 19% copper, 11% nickel and 15g/t gold reported from past adit sampling and drilling.
• Enterprise value post IPO of A$6.7M offers leverage to discovery & resource delineation.
• Few new primary nickel and cobalt sulphide mines being developed in Europe, with growing interest and demand due to geopolitics and EV market.
• Three walk-up drill targets, with drill-ready access and numerous ore-grade intersections to be followed up, AEN offers an exciting opportunity to participate in what we hope will be one of 2022's major discovery stories.

More information:

Contact Andrew Walsh, Senior Client Adviser – Novus Capital Limited andrew.walsh@novuscapital.com.au or +61 411 798 790

Click Here to Download the Prospectus 

(Lodged with ASIC on 9 May 2020 which is still subject to the Exposure Period)

Click Here to Download the Investment Fact Sheet.

Click Here to Download the Application Form