Aeramentum Resources Limited

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Aeramentum Resources Ltd (AEN) is the owner of tenements in the Republic of Cyprus, which have past copper mining and drilling undertaken, both during ancient times and as recently as 2014. With grades up to 3% cobalt, 18% copper, 17g/tAu and 11% nickel reported in previous exploration (adits, drilling and surface sampling) the first target orebody at Laxia remains open at depth and along strike, and daylights in many places at surface.
Aeramentum plan to demonstrate the scale and grade potential of the Laxia deposit, through a comprehensive diamond drilling campaign, along with identifying other high-grade targets identified to contain copper mineralisation within the broader tenement package. Cyprus was a major European copper producer until the 1970s when the industry abruptly ceased, with more than 70Mt of ore extracted. In recent years a number of recently listed companies have emerged, focused on re-establishing a viable mining industry in Cyprus AEN has established a team of geologists and other support staff and contractors in Cyprus and Europe more broadly. to assist develop and execute a comprehensive plan to delineate high grade resources with potential for later development.